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City Index vs HYCM (Henyep) 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

Is City Index better than HYCM (Henyep)? In our analysis of 23 international regulators across 39 of the best forex brokers, City Index is considered low-risk, with an overall Trust Score of 99 out of 99. HYCM is considered average-risk, with an overall Trust Score of 86 out of 99. Learn more about Trust Score.

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Overall RatingCity IndexHYCM (Henyep)IG
Overall Rating5 Stars4 Stars5 Stars
Commissions & Fees4.5 Stars4.5 Stars5 Stars
Offering of Investments5 Stars3.5 Stars5 Stars
Platform & Tools4.5 Stars4 Stars5 Stars
Mobile Trading5 Stars4 Stars5 Stars
Research4.5 Stars4 Stars5 Stars
Education4.5 Stars3.5 Stars5 Stars
Trust Score998699
Winnercheck_circle
ReviewCity Index ReviewHYCM (Henyep) ReviewIG Review
RegulationCity IndexHYCM (Henyep)IG
Trust Score998699
Year Founded198319771974
Publicly Traded (Listed)YesNoYes
BankNoNoYes
Tier-1 Licenses327
Tier-2 Licenses222
Tier-3 Licenses111
Authorised in European UnionYesYesYes
About RegulationA “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.
Tier-1 Licenses (High Trust)City IndexHYCM (Henyep)IG
ASIC Authorised (Australia)YesNoYes
IIROC Authorised (Canada)YesNoNo
SFC Authorised (Hong Kong)NoYesNo
CBI Authorised (Ireland)NoNoNo
FSA Authorised (Japan)NoNoYes
MAS Authorised (Singapore)YesNoYes
FINMA Authorised (Switzerland)NoNoYes
FCA Authorised (U.K.)YesYesYes
CFTC Registered (USA)NoNoYes
FMA Authorised (New Zealand)NoNoYes
Tier-2 Licenses (Average Trust)City IndexHYCM (Henyep)IG
CBRC Authorised (China)NoNoNo
CySEC Authorised (Cyprus)YesYesNo
SEBI Authorised (India)NoNoNo
ISA Authorised (Israel)NoNoNo
CBR Authorised (Russia)NoNoNo
FSCA Authorised (South Africa)NoNoYes
SEC Authorised (Thailand)NoNoNo
DFSA / Central Bank Authorised (UAE)YesYesYes
Tier-3 Licenses (Low Trust)City IndexHYCM (Henyep)IG
SCB Authorised (Bahamas)NoNoNo
IFSC Authorised (Belize)NoNoNo
CIMA Authorised (Cayman Islands)YesYesNo
BMA Authorised (Bermuda)NoNoYes
FSC Authorised (British Virgin Islands)NoNoNo
FSC Authorised (Mauritius)NoNoNo
VFSC Authorised (Vanuatu)NoNoNo
InvestmentsCity IndexHYCM (Henyep)IG
Forex Trading (Spot or CFDs)YesYesYes
Tradeable Symbols (Total)1350024519537
Forex Pairs (Total)8471100
U.S. Stock Trading (Non CFD)NoNoYes
Int'l Stock Trading (Non CFD)NoYesYes
Social Trading / Copy TradingYesNoYes
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)YesYesYes
DisclaimersNote: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
CostCity IndexHYCM (Henyep)IG
Average Spread EUR/USD - Standard1.0 (July 2022)0.6 (Sept 2021)0.86 (September 2022)
All-in Cost EUR/USD - Active1.0 (July 2022)0.6 (Sept 2021)0.5957 (September 2022)
Active Trader or VIP DiscountsYesYesYes
Execution: Agency BrokerNoYesYes
Execution: Market MakerYesYesYes
FundingCity IndexHYCM (Henyep)IG
Minimum Initial Deposit£100.00$100£250.00
PayPal (Deposit/Withdraw)YesNoYes
Skrill (Deposit/Withdraw)NoYesNo
Visa/Mastercard (Credit/Debit)YesYesYes
Bank Wire (Deposit/Withdraw)YesYesYes
Trading PlatformsCity IndexHYCM (Henyep)IG
Proprietary PlatformYesNoYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
Social Trading / Copy TradingYesNoYes
MetaTrader 4 (MT4)YesYesYes
MetaTrader 5 (MT5)NoYesNo
cTraderNoNoNo
DupliTradeNoNoNo
ZuluTradeNoNoNo
Trading ToolsCity IndexHYCM (Henyep)IG
Virtual Trading (Demo)YesYesYes
Alerts - Basic FieldsYesYesYes
Watchlists - Total Fields11714
Charting - Indicators / Studies (Total)883033
Charting - Drawing Tools (Total)811520
Charting - Trade From ChartYesYesYes
Charts can be savedYesYesYes
Mobile TradingCity IndexHYCM (Henyep)IG
Android AppYesYesYes
Apple iOS AppYesYesYes
Mobile Alerts - Basic FieldsYesYesYes
Mobile WatchlistYesYesYes
Watchlist SyncingYesNoYes
Mobile Charting - Indicators / Studies883033
Mobile Charting - Draw TrendlinesYesYesYes
Mobile Charting - Multiple Time FramesYesYesYes
Mobile Charting - Drawings AutosaveYesYesYes
Forex CalendarYesYesYes
ResearchCity IndexHYCM (Henyep)IG
Daily Market CommentaryYesYesYes
Forex News (Top-Tier Sources)YesYesYes
AutochartistNoNoYes
Trading Central (Recognia)YesYesNo
Social Sentiment - Currency PairsYesNoYes
Economic CalendarYesYesYes
EducationCity IndexHYCM (Henyep)IG
Has Education - Forex or CFDsYesNoYes
Client WebinarsYesYesYes
Client Webinars (Archived)YesYesYes
Videos - Beginner Trading VideosYesYesYes
Videos - Advanced Trading VideosYesNoYes
Investor Dictionary (Glossary)YesYesYes
Major Forex PairsCity IndexHYCM (Henyep)IG
GBP/USDYesYesYes
USD/JPYYesYesYes
EUR/USDYesYesYes
USD/CHFYesYesYes
USD/CADYesYesYes
NZD/USDYesYesYes
AUD/USDYesYesYes
ReviewCity Index ReviewHYCM (Henyep) ReviewIG Review
OverallCity IndexHYCM (Henyep)IG
Overall Rating5 Stars4 Stars5 Stars
Commissions & Fees4.5 Stars4.5 Stars5 Stars
Offering of Investments5 Stars3.5 Stars5 Stars
Platform & Tools4.5 Stars4 Stars5 Stars
Mobile Trading5 Stars4 Stars5 Stars
Research4.5 Stars4 Stars5 Stars
Education4.5 Stars3.5 Stars5 Stars
Trust Score998699
Winnercheck_circle
ReviewCity Index ReviewHYCM (Henyep) ReviewIG Review
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City Index vs HYCM (Henyep) Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare City Index vs HYCM (Henyep).

Does City Index or HYCM (Henyep) offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, HYCM (Henyep) offers better pricing overall for traders.

Is City Index or HYCM (Henyep) safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. City Index holds 3 global Tier-1 licenses, while HYCM (Henyep) holds 2. Both City Index and HYCM (Henyep) hold 2 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, City Index earned a higher Trust Score than HYCM (Henyep).

Which trading platform is better: City Index or HYCM (Henyep)?

To compare the trading platforms of both City Index and HYCM (Henyep), we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both City Index and HYCM (Henyep) offer MetaTrader 4 (MT4).Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

City Index provides traders 84 currency pairs (e.g., EUR/USD) compared to HYCM (Henyep)'s 71 available pairs. Forex pairs aside, City Index offers traders access to 13500 CFDs while HYCM (Henyep) has 245 available CFDs, a difference of 13255.

Can I trust City Index?

City Index is publicly traded, does not operate a bank, and is authorised by four tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). City Index is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Monetary Authority of Singapore (MAS), and the Financial Conduct Authority (FCA).

Can I trust HYCM (Henyep)?

HYCM is not publicly traded and does operate a bank. HYCM is authorised by two tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). HYCM is authorised by the following tier-1 regulators: Securities Futures Commission (SFC) and Financial Conduct Authority (FCA).

Is City Index good?

Backed by StoneX Group, City Index is a trusted brand known for its versatile trading platforms, excellent mobile app, diverse market research, and extensive range of tradeable markets.

Is HYCM (Henyep) good?

HYCM is a trusted brand that offers a straightforward MetaTrader platform experience. Its Raw account delivers competitive pricing, and traders gain access to third-party modules from Trading Central as well as exchange-traded securities (available through a separate platform). That said, HYCM offers a narrow range of symbols to forex and CFD traders.

Overall winner: IG

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We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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