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City Index vs HYCM (Henyep Markets) 2019
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Overall Rating
| Feature | City Index | HYCM (Henyep Markets) |
| Overall | ||
| City Index Review | HYCM (Henyep Markets) Review | |
| 70% of retail CFD accounts lose money | 80% of retail CFD accounts lose money |
Regulation
| Feature | City Index | HYCM (Henyep Markets) |
| Trust Score | 91 | 80 |
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Year Founded |
1983 | 1977 |
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Publicly Traded (Listed) |
Yes | No |
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Bank |
No | No |
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Tier-1 Licenses |
3 | 2 |
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Tier-2 Licenses |
0 | 2 |
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Tier-3 Licenses |
0 | 1 |
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Authorised in the European Union |
Yes | Yes |
Tier-1 Licenses
| Feature | City Index | HYCM (Henyep Markets) |
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ASIC Authorised (Australia) |
Yes | No |
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IIROC Authorised (Canada) |
No | No |
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SFC Authorised (Hong Kong) |
No | Yes |
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FSA Authorised (Japan) |
No | No |
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MAS Authorised (Singapore) |
Yes | No |
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FINMA Authorised (Switzerland) |
No | No |
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FCA Authorised (UK) |
Yes | Yes |
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CFTC Registered (USA) |
No | No |
Investments
| Feature | City Index | HYCM (Henyep Markets) |
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Forex: Spot Trading |
Yes | Yes |
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Social Trading / Copy-Trading |
Yes | Yes |
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Currency Pairs (Total Forex pairs) |
84 | 69 |
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CFDs - Total Offered |
4500 | 225 |
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Cryptocurrency traded as actual |
No | No |
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Cryptocurrency traded as CFD |
Yes | Yes |
| Offering of Investments | ||
| Winner | check_circle |
Cost
| Feature | City Index | HYCM (Henyep Markets) |
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Average Spread EUR/USD - Standard |
0.77 (as of Q3 2018) | N/A |
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All-in Cost EUR/USD - Active |
0.77 (as of Q3 2018) | N/A |
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Active Trader or VIP Discounts |
Yes | Yes |
| Commissions & Fees | ||
| Winner | check_circle |
Funding
| Feature | City Index | HYCM (Henyep Markets) |
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Minimum Initial Deposit |
£100.00 | $100 |
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Bank Wire (Deposit/Withdraw) |
Yes | Yes |
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Visa/Mastercard (Credit/Debit) |
Yes | Yes |
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PayPal (Deposit/Withdraw) |
No | No |
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Skrill (Deposit/Withdraw) |
No | No |
Trading Platforms
| Feature | City Index | HYCM (Henyep Markets) |
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Proprietary Platform |
Yes | No |
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Desktop Platform (Windows) |
Yes | Yes |
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Web Platform |
Yes | No |
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Social Trading / Copy-Trading |
Yes | Yes |
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MetaTrader 4 (MT4) |
Yes | Yes |
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MetaTrader 5 (MT5) |
No | No |
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cTrader |
No | No |
Trading Tools
| Feature | City Index | HYCM (Henyep Markets) |
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Virtual Trading (Demo) |
Yes | Yes |
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Alerts - Basic Fields |
Yes | Yes |
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Watchlists - Total Fields |
18 | 7 |
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Charting - Indicators / Studies (Total) |
139 | 51 |
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Charting - Drawing Tools (Total) |
25 | 31 |
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Charting - Trade From Chart |
Yes | Yes |
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Charting - Drawings Autosave |
Yes | Yes |
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Order Type - Trailing Stop |
Yes | Yes |
| Platform & Tools | ||
| Winner | check_circle |
Mobile Trading
| Feature | City Index | HYCM (Henyep Markets) |
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Android App |
Yes | Yes |
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Apple iOS App |
Yes | Yes |
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Trading - Forex |
Yes | Yes |
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Trading - CFDs |
Yes | Yes |
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Alerts - Basic Fields |
Yes | Yes |
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Watch List |
Yes | Yes |
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Watch List Syncing |
Yes | No |
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Charting - Indicators / Studies |
74 | 30 |
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Charting - Draw Trend Lines |
Yes | Yes |
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Charting - Trend Lines Moveable |
No | No |
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Charting - Multiple Time Frames |
Yes | Yes |
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Charting - Drawings Autosave |
No | No |
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Forex Calendar |
Yes | No |
| Mobile Trading | ||
| Winner | check_circle |
Research
| Feature | City Index | HYCM (Henyep Markets) |
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Daily Market Commentary |
Yes | No |
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Forex News (Top-Tier Sources) |
Yes | No |
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Weekly Webinars |
No | No |
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AutoChartist |
Yes | No |
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Trading Central (Recognia) |
Yes | Yes |
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Delkos Research |
No | No |
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Social Sentiment - Currency Pairs |
Yes | No |
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Economic Calendar |
Yes | Yes |
| Research | ||
| Winner | check_circle |
Education
| Feature | City Index | HYCM (Henyep Markets) |
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Has Education - Forex |
Yes | No |
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Has Education - CFDs |
Yes | No |
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Client Webinars |
Yes | Yes |
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Client Webinars (Archived) |
Yes | No |
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Videos - Beginner Trading Videos |
Yes | Yes |
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Videos - Advanced Trading Videos |
Yes | No |
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Investor Dictionary (Glossary) |
Yes | Yes |
| Education | ||
| Winner | check_circle |
Major Forex Pairs
| Feature | City Index | HYCM (Henyep Markets) |
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GBP/USD |
Yes | Yes |
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USD/JPY |
Yes | Yes |
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EUR/USD |
Yes | Yes |
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USD/CHF |
Yes | Yes |
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USD/CAD |
Yes | Yes |
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NZD/USD |
Yes | Yes |
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AUD/USD |
Yes | Yes |
Overall
| Feature | City Index | HYCM (Henyep Markets) |
| City Index Review | HYCM (Henyep Markets) Review | |
| Overall | ||
| Winner | check_circle |
To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. City Index's score is 4.50 stars versus Henyep (HYCM)'s 3.50 stars.
Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. City Index alongside Henyep (HYCM) are regulated in a major hub. City Index is a publicly traded company while Henyep (HYCM) is not. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. City Index boasts an offering of 84 different currency pairs compared to Henyep (HYCM)'s 38 available pairs.
To round out our comparison of City Index vs Henyep (HYCM), let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. City Index and Henyep (HYCM) both offer Meta Trader. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. City Index trails Henyep (HYCM) by 6 total charting tools, with Henyep (HYCM) offering 31 and City Index offering 25. Henyep (HYCM) trails City Index by 88 total different indicators (for example, moving averages), with City Index offering 139 and Henyep (HYCM) offering 51.
City Index Review
Henyep (HYCM) Review
Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.
