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City Index vs HYCM (Henyep Capital Markets) 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of City Index vs HYCM (Henyep Capital Markets), we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

City Index
5/5 Stars Overall
  • Minimum Deposit: £100.00
  • Trust Score: 99
  • Tradeable Symbols (Total): 13500
HYCM (Henyep Capital Markets)
4/5 Stars Overall
  • Minimum Deposit: $20
  • Trust Score: 86
  • Tradeable Symbols (Total): 1199

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Regulation

City Index and HYCM (Henyep Capital Markets) are both established names in the world of online brokerage, having been founded in 1983 and 1977, respectively. When it comes to trustworthiness, City Index enjoys a top-tier reputation with a ForexBrokers.com Trust Score of 99 out of 99, underscoring its status as highly trusted. It further supports its credibility by holding seven Tier-1 licenses, considered highly trusted by regulatory standards, and one Tier-2 license. On the other hand, HYCM holds a Trust Score of 86, ranking it as trusted on the ForexBrokers.com scale. It has two Tier-1 licenses and matches City Index with one Tier-2 license. Neither of these brokers are banks, and while City Index is publicly traded, HYCM is not.

Feature City Index logoCity Index
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Year Founded info 1983 1977
Publicly Traded (Listed) info Yes No
Bank info No No
Tier-1 Licenses info 7 2
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1

Fees

City Index and HYCM (Henyep Capital Markets) both earn 4.5 out of 5 stars for commissions and fees, with City Index ranked #15 of 63 brokers and HYCM ranked #16 by ForexBrokers.com. City Index’s pricing for CFDs, forex, and spread betting is around the industry average, and you’ll typically get its best rates on City Index’s own platforms or MetaTrader. HYCM’s standout is its Raw account, which delivers an all-in cost of about 0.6 pips on EUR/USD after commission, making it very competitive. Actual costs vary with market conditions and account type.

For City Index, the CFD account shows an average EUR/USD spread of 0.74 pips (July 2023), which is competitive but not as low as some discount leaders like Tickmill or FP Markets. Active traders can unlock extra value: the Premium Trader account (for deposits above £10,000) offers exclusive pricing and dedicated service. City Index also provides volume-based rebates—U.K. professional traders can earn £4 per million when trading over £25M per month, rising to £7.5 per million above £300M; in Australia, rebates range from AUD $4.5 to $14.5 per million depending on tier.

HYCM’s fee structure depends on the account you choose. The Raw account targets low costs with about 0.6 pips all-in on EUR/USD after commission. The Classic account is simpler but pricier, with variable spreads from 1.2 pips, while the fixed-spread account offers predictability at 1.5 pips. In short, HYCM’s Raw account can edge City Index on headline EUR/USD costs, whereas City Index counters with platform-based pricing perks and meaningful rebates for high-volume traders.

Feature City Index logoCity Index
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Minimum Deposit info £100.00 $20
Average spread (EUR/USD) - Standard account info 1.4 info 1.2 info
All-in Cost EUR/USD - Active info 0.74 info 0.6 info
Non-wire bank transfer info Yes No
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info No Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

City Index vs HYCM (Henyep Capital Markets): for range of investments, City Index offers far more tradeable symbols (about 13,500) than HYCM (about 1,199). Both support forex trading as CFDs/spot; HYCM lists 70 currency pairs while City Index lists 66. Each broker offers cryptocurrency CFDs but not actual crypto buying. City Index supports copy trading, whereas HYCM does not. Reflecting this breadth, ForexBrokers.com rates City Index 5 stars for Range of Investments (ranked #8 of 63) and HYCM 4 stars (ranked #34).

If you want direct stock ownership, HYCM lets you trade exchange-listed U.S. and international shares, while City Index does not offer direct share dealing and focuses on CFDs instead. Choose City Index if you want a very large lineup of CFDs and access to copy trading; choose HYCM if direct stock trading alongside CFDs and a slightly larger list of forex pairs matter most to you.

Feature City Index logoCity Index
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 13500 1199
Forex Pairs (Total) info 66 70
U.S. Stocks (Shares) info No Yes
Global Stocks (Non-U.S. Shares) info No Yes
Copy Trading info Yes No
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info Yes Yes
Disclaimers 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).

Dive deeper: Best Copy Trading Platforms.

Trading platforms and tools

City Index and HYCM both offer free demo accounts for paper trading, along with proprietary platforms, a Windows desktop download, and a browser-based web platform. Both support MetaTrader 4 (MT4) and allow trading directly from charts. Key differences: City Index offers copy trading, while HYCM does not; HYCM also supports MetaTrader 5 (MT5), which City Index does not.

For platforms and tools, ForexBrokers.com rates City Index 4.5/5 and ranks it #11 of 63 brokers, while HYCM earns 4/5 and ranks #41. Choose City Index if you want copy trading and a higher-rated toolset; pick HYCM if MT5 access is a priority alongside MT4. Either way, you can test-drive the experience with a free demo account before trading live.

Feature City Index logoCity Index
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info No Yes
Charting - Indicators / Studies (Total) info 88 30
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

City Index and HYCM (Henyep Capital Markets) both offer mobile trading apps for iPhone and Android, along with price alerts to help you stay on top of market moves. In independent testing by ForexBrokers.com, City Index earned 4.5 stars and ranked #9 out of 63 brokers for Mobile Trading Apps, while HYCM received 4 stars and ranked #38.

For charting, City Index delivers 88 technical studies compared with HYCM’s 30. Both apps let you draw trendlines and automatically save your chart drawings. A key difference is watchlist syncing: City Index syncs your watchlists across mobile and web, while HYCM does not. If you want deeper charting and synced watchlists across devices, City Index is the stronger fit; if you prefer a simpler setup with core tools like alerts and basic charting, HYCM gets the job done.

Feature City Index logoCity Index
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 88 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

City Index and HYCM (Henyep Capital Markets) both deliver the core research tools many traders look for. Each offers daily market commentary, forex news from top-tier sources like Bloomberg/Reuters/Dow Jones or similar, Trading Central analysis, and an economic calendar to track key events. Neither broker includes Autochartist, TipRanks, or Acuity Trading tools.

The key difference is sentiment analysis: City Index provides a sentiment tool showing long/short positioning, while HYCM does not. That edge helps City Index earn a higher Research rating (4.5 stars) and a stronger category rank (#10 of 63) on ForexBrokers.com, compared with HYCM’s 3.5 stars and #36 rank. If you want richer insight—especially sentiment data—City Index is the stronger pick. If you just need the essentials like daily commentary, quality news, Trading Central, and an economic calendar, HYCM covers the basics.

Feature City Index logoCity Index
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central info Yes Yes
Client sentiment data info Yes No
TipRanks info No No
Acuity Trading info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

City Index and HYCM (Henyep Capital Markets) both give beginners a clear path to start learning forex and CFD trading. Each broker offers at least 10 beginner-focused video lessons. City Index goes further for ongoing learning, running client webinars at least once per month and providing 10+ advanced videos for experienced traders. HYCM does not host monthly educational webinars and lacks a comparable set of advanced videos, which may limit next steps after you master the basics.

Independent ratings from ForexBrokers.com reflect this gap: City Index scores 4.5 out of 5 for Education and ranks #9 out of 63 brokers, while HYCM earns 3.5 out of 5 and ranks #32. If you want frequent live lessons and a deeper video lineup as you progress, City Index is the stronger choice. If you mainly need starter videos and prefer self-paced study without webinars, HYCM can still cover the essentials.

Feature City Index logoCity Index
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Webinars info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that City Index is better than HYCM (Henyep Capital Markets). City Index finished with an overall rank of #8, while HYCM (Henyep Capital Markets) finished with an overall rank of #29.

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.

Feature City Index logoCity Index
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Overall Rating info 5/5 Stars 4/5 Stars
Trust Score info 99 86
Range of Investments 5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Platforms & Tools 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Education 4.5/5 Stars 4/5 Stars

FAQs

Can you trade cryptocurrency with City Index or HYCM (Henyep Capital Markets)?

City Index vs HYCM (Henyep Capital Markets): neither online broker offers the ability to buy or hold actual (delivered) cryptocurrencies, but both provide access to trade cryptocurrency CFDs.

What funding options does each broker offer?

Comparing online brokers City Index and HYCM (Henyep Capital Markets): City Index supports ACH/SEPA, PayPal, and bank wire deposits/withdrawals but not Skrill, while HYCM supports Skrill and bank wires but not ACH/SEPA or PayPal; Visa/Mastercard availability is not specified for either.

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Overall Rating City Index HYCM (Henyep Capital Markets)
Overall Rating info 5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Range of Investments 5/5 Stars 4/5 Stars
Platforms & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 4/5 Stars
Trust Score info 99 86
Winner check_circle
Review City Index Review HYCM (Henyep Capital Markets) Review
Broker Screenshots City Index HYCM (Henyep Capital Markets)
Broker Gallery (click to expand) info
City Index MetaTrader 4 mobile trading app City Index web platform trading. City Index web platform research Trading Central City Index educational course advanced.
HYCM MT5 desktop trading platform HYCM client portal Analyst Views market analysis HYCM YouTube channel videos.
Regulation City Index HYCM (Henyep Capital Markets)
Trust Score info 99 86
Year Founded info 1983 1977
Publicly Traded (Listed) info Yes No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-1 Licenses info 7 2
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1
Tier-1 Licenses (Highly Trusted) City Index HYCM (Henyep Capital Markets)
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info Yes No
Hong Kong (SFC Authorised) info No Yes
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-2 Licenses (Trusted) City Index HYCM (Henyep Capital Markets)
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA, FSRA, or SCA Authorised) info Yes Yes
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments City Index HYCM (Henyep Capital Markets)
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 13500 1199
Forex Pairs (Total) info 66 70
U.S. Stocks (Shares) info No Yes
Global Stocks (Non-U.S. Shares) info No Yes
Copy Trading info Yes No
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info Yes Yes
Disclaimers 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).
Cost City Index HYCM (Henyep Capital Markets)
Average spread (EUR/USD) - Standard account info 1.4 info 1.2 info
All-in Cost EUR/USD - Active info 0.74 info 0.6 info
Inactivity Fee info Yes No
Order execution: Agency info No Yes
Order execution: Market Maker info Yes Yes
Funding City Index HYCM (Henyep Capital Markets)
Minimum Deposit info £100.00 $20
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info No Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info Yes No
Trading Platforms City Index HYCM (Henyep Capital Markets)
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info No Yes
cTrader info No No
Trading Tools City Index HYCM (Henyep Capital Markets)
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 88 30
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading City Index HYCM (Henyep Capital Markets)
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 88 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes
Mobile Research - Economic Calendar info Yes Yes
Research City Index HYCM (Henyep Capital Markets)
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central info Yes Yes
TipRanks info No No
Client sentiment data info Yes No
Economic Calendar info Yes Yes
Education City Index HYCM (Henyep Capital Markets)
Webinars info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Major Forex Pairs City Index HYCM (Henyep Capital Markets)
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review City Index Review HYCM (Henyep Capital Markets) Review
Overall City Index HYCM (Henyep Capital Markets)
Overall Rating info 5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Range of Investments 5/5 Stars 4/5 Stars
Platforms & Tools 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 4/5 Stars
Trust Score info 99 86
Winner check_circle
Review City Index Review HYCM (Henyep Capital Markets) Review
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