Written by ForexBrokers.com
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.
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.
City Index vs HYCM (Henyep Capital Markets): City Index was founded in 1983 and is publicly traded; HYCM was founded in 1977 and is not publicly traded. Neither broker is a bank. On the ForexBrokers.com Trust Score, a 90–99 rating is highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, and below 59 not trusted. City Index scores 99 (highly trusted), while HYCM scores 85 (trusted).
Regarding regulation, City Index holds 7 Tier-1 licenses and 1 Tier-2 license, while HYCM holds 2 Tier-1 licenses and 1 Tier-2 license. Tier-1 licenses are considered highly trusted by ForexBrokers.com, and Tier-2 licenses are trusted; more Tier-1 approvals generally point to wider oversight across major financial markets.
| Feature |
City Index
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 1983 | 1977 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
City Index and HYCM (Henyep Capital Markets) both earn strong marks for commissions and fees, with each broker rated 4.5 out of 5 stars. On ForexBrokers.com, City Index ranks #16 out of 36 brokers in the Commissions and Fees category, while HYCM ranks #18 out of 36. For everyday traders, both brokers sit around the middle of the pack, but City Index has a slight edge in the ranking.
City Index pricing for CFDs, forex, and spread betting is generally in line with the industry average. Its EUR/USD spread averaged 0.74 pips as of July 2023, which keeps costs reasonable, though not quite at the very lowest end of the market. Active traders may also qualify for the Premium Trader account after depositing more than £10,000, and U.K. and Australia-based traders can access rebates based on monthly volume. For the best pricing, City Index says traders should use its own platform or MetaTrader.
HYCM offers a more mixed pricing setup. Its Raw account is the most competitive, with an estimated all-in EUR/USD cost of about 0.6 pips after commission. The Classic account is pricier, with variable spreads starting from 1.2 pips, while the fixed-spread account starts at 1.5 pips. In simple terms, HYCM can be cheaper for traders who choose the Raw account, but City Index offers more consistently average pricing across its main products.
| Feature |
City Index
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | £100.00 | $20 |
| Average spread (EUR/USD) - Standard account | 1.4 | 1.3 |
| All-in Cost EUR/USD - Active | 0.9 | 0.6 |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
City Index offers a wider range of investments overall than HYCM (Henyep Capital Markets). City Index lists 13,500 tradeable symbols, compared with 1,199 at HYCM, and it also supports CFD forex trading with 66 currency pairs. HYCM, however, offers 70 forex pairs, so it has a slightly larger selection in forex alone. Both brokers let you trade forex CFDs and crypto CFDs, but neither offers actual, delivered cryptocurrency.
Where the difference becomes clearer is in shares and extra features. HYCM gives clients access to exchange-traded securities on both U.S. and international exchanges, while City Index does not offer these direct stock purchases. City Index does offer copy trading, which HYCM does not. Based on Range of Investments, City Index is rated 5 out of 5 stars and ranks #8 out of 36 brokers, while HYCM is rated 4 out of 5 stars and ranks #28.
| Feature |
City Index
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 13500 | 1199 |
| Forex Pairs (Total) | 66 | 70 |
| U.S. Stocks (Shares) | No | Yes |
| Global Stocks (Non-U.S. Shares) | No | Yes |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
City Index and HYCM (Henyep Capital Markets) both give traders a wide range of platform choices, including a free demo account, their own in-house platform, a Windows desktop app, a web platform, and MetaTrader 4. Both also let users trade directly from a chart, which can make order entry faster and easier. For traders who like to test strategies first, each broker supports simulated trading. However, only City Index offers copy trading in this comparison, while HYCM stands out by adding MetaTrader 5.
When it comes to trading platforms and tools, City Index has the edge overall. It is rated 4.5 out of 5 stars and ranks #11 out of 36 brokers in ForexBrokers.com’s Trading Platforms and Tools category, while HYCM is rated 4 out of 5 stars and ranks #33. That makes City Index the stronger pick for traders who want more platform features and social trading options, while HYCM may appeal more to those who want MT5 alongside the standard platform choices.
| Feature |
City Index
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 88 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both City Index and HYCM (Henyep Capital Markets) give traders what most people need to stay active on the go. Each broker offers iPhone and Android apps, plus stock and forex price alerts. Both apps also let users draw trendlines on charts and automatically save those drawings, which makes it easier to keep track of ideas across sessions.
City Index has the edge in app quality and charting tools. It offers watchlist syncing between the mobile app and online account, while HYCM does not, so City Index makes it easier to keep lists updated across devices. City Index also provides 88 technical studies in its mobile charts, compared with 30 at HYCM. That stronger app setup shows in its 4.5-star Mobile Trading Apps rating and #9 ranking out of 36 brokers, while HYCM is rated 4 stars and ranked #31.
| Feature |
City Index
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 88 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
City Index and HYCM (Henyep Capital Markets) both give traders useful market research tools, including daily market commentary, forex news from top sources such as Bloomberg and Reuters, Trading Central analysis, and an economic calendar with key global events. Neither broker offers Autochartist, TipRanks, or Acuity Trading tools, so their research coverage is similar in several core areas.
The main difference is that City Index also provides a sentiment tool showing the balance of long and short positions across markets, while HYCM does not. That extra feature helps City Index stand out, and it is reflected in its stronger research score of 4.5 out of 5 and a #10 ranking out of 36 brokers, compared with HYCM’s 3.5 out of 5 and #30 ranking.
| Feature |
City Index
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central | Yes | Yes |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners looking to learn the basics, City Index has the edge over HYCM (Henyep Capital Markets). City Index offers forex and CFD education with at least 10 learning pieces, plus online educational webinars for clients at least once a month. It also provides 10 or more beginner videos and 10 or more advanced videos, making it a stronger choice for traders who want to grow over time. This is reflected in its 4.5-star Education rating and its #9 ranking out of 36 brokers by ForexBrokers.com.
HYCM also offers at least 10 beginner videos and does provide forex and CFD education, but it falls behind City Index in a few important areas for new traders. It does not offer monthly educational webinars, and it does not have at least 10 advanced educational videos. With a 3.5-star Education rating and a #27 ranking out of 36, HYCM gives learners useful material, but City Index offers a wider and more complete set of educational tools for beginners.
| Feature |
City Index
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
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 #26.
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
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HYCM (Henyep Capital Markets)
|
|---|---|---|
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| Trust Score | 99 | 85 |
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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.
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.
Please note:
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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0 of 5| Overall Rating | City Index | HYCM (Henyep Capital Markets) | |
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| Trust Score | 99 | 85 | |
| Winner | check_circle | ||
| Review | City Index Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | City Index | HYCM (Henyep Capital Markets) | |
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| Regulation | City Index | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trust Score | 99 | 85 | |
| Year Founded | 1983 | 1977 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | City Index | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | City Index | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | City Index | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 13500 | 1199 | |
| Forex Pairs (Total) | 66 | 70 | |
| U.S. Stocks (Shares) | No | Yes | |
| Global Stocks (Non-U.S. Shares) | No | Yes | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 | 1.4 | 1.3 | |
| All-in Cost EUR/USD - Active | 0.9 | 0.6 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | City Index | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | £100.00 | $20 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | City Index | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | City Index | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 88 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | City Index | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 88 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | City Index | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central | Yes | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | City Index | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | City Index | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | City Index Review | HYCM (Henyep Capital Markets) Review |
| Overall | City Index | HYCM (Henyep Capital Markets) | |
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| Trust Score | 99 | 85 | |
| Winner | check_circle | ||
| Review | City Index Review | HYCM (Henyep Capital Markets) Review |
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