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City Index vs HYCM (Henyep Capital Markets) 2026

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025
  Fact Checked

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: 85
  • 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 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 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 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 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 1.3 info
All-in Cost EUR/USD - Active info 0.9 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.

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Range of investments

City Index offers a wider range of investments overall than HYCM (Henyep Capital Markets), with 13,500 tradable symbols compared with HYCM’s 1,199. City Index also provides 66 forex pairs, while HYCM offers a slightly larger selection with 70. Both brokers support forex trading as CFDs or spot contracts, and both let clients trade cryptocurrency CFDs rather than buy actual digital coins.

Where the two differ most is in access to shares and extra features. HYCM lets clients buy exchange-traded securities on both U.S. and international exchanges, while City Index does not offer these direct stock purchases. On the other hand, City Index supports copy trading, and HYCM does not. In independent ratings, City Index earns 5 stars for Range of Investments and ranks #8 out of 36 brokers, while HYCM scores 4 stars and ranks #27.

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 make it easy for traders to get started, since each broker offers a free demo account, its own in-house platform, a Windows desktop app, a web-based platform, MetaTrader 4, and the ability to trade directly from charts. For everyday use, that means both brokers cover the main trading platform needs, whether you prefer to trade on a browser, download software to your computer, or practice first with simulated trading.

The main difference is in the extra tools. City Index stands out with copy trading, while HYCM does not offer it. HYCM does, however, support MetaTrader 5, which City Index does not. Based on ForexBrokers.com, City Index scores higher for Trading Platforms and Tools, with 4.5 out of 5 stars and a rank of #11 out of 36 brokers, compared with HYCM’s 4 stars and #32 ranking.

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 give traders iPhone and Android mobile apps, plus price alerts and useful chart tools like trendline drawing and auto-saved drawings. Where City Index stands out is with watchlist syncing between its mobile app and online account, which lets changes carry over both ways. Its app also offers 88 technical studies for charting, compared with 30 at HYCM, giving more room for mobile chart analysis.

In terms of ratings and rankings, City Index comes out ahead as well. It is rated 4.5 out of 5 stars for mobile trading apps and ranks #9 out of 36 brokers at ForexBrokers.com. HYCM is still a solid option, with a 4-star rating and a #30 ranking, but it does not offer watchlist syncing, and its charting tools are more limited. For traders who want a stronger mobile app experience, City Index has the edge.

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 give traders daily market commentary, forex news from major sources like Bloomberg, Reuters, and Dow Jones, plus an economic calendar with key global events. Each also includes Trading Central tools for technical analysis, but neither broker offers Autochartist, TipRanks, or Acuity Trading research. The main difference is that City Index adds a sentiment tool that shows the balance of long and short positions across markets, while HYCM does not.

Overall, City Index has the edge for market research. It is rated 4.5 out of 5 stars and ranks #10 out of 36 brokers for Research on ForexBrokers.com, compared with HYCM’s 3.5-star rating and #29 ranking. For traders who want more insight into market positioning, City Index offers a bit more, while HYCM still covers the core research basics well.

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

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 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 #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 logoCity Index
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Overall Rating info 5/5 Stars 4/5 Stars
Trust Score info 99 85
Range of Investments 5/5 Stars 4/5 Stars
Trading Fees 4.5/5 Stars 4.5/5 Stars
Trading Platforms 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
Trading Fees 4.5/5 Stars 4.5/5 Stars
Range of Investments 5/5 Stars 4/5 Stars
Trading Platforms 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 85
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 85
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 (FSA 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 CMA 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 1.3 info
All-in Cost EUR/USD - Active info 0.9 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
Trading Fees 4.5/5 Stars 4.5/5 Stars
Range of Investments 5/5 Stars 4/5 Stars
Trading Platforms 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 85
Winner check_circle
Review City Index Review HYCM (Henyep Capital Markets) Review
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