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 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
|
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 |
For commissions and fees, both City Index and HYCM (Henyep Capital Markets) earn 4.5 out of 5 stars from ForexBrokers.com. In the Commissions and Fees rankings out of 63 brokers, City Index is #16 while HYCM is #18. Pricing at both brokers is competitive, and the best choice can depend on the account type and platform you use.
City Index’s pricing for CFDs, forex, and spread betting is in line with the industry average. The EUR/USD averaged about 0.74 pips in July 2023 on its CFD account, and you’ll generally find the best rates on City Index’s own platforms or MetaTrader. High-volume clients who deposit over £10,000 may qualify for the Premium Trader account, which adds exclusive pricing, events, content, and dedicated support. Professional traders in the U.K. can earn rebates starting at £4 per million once monthly volume tops £25 million, rising to £7.5 per million above £300 million; in Australia, rebates range from AUD $4.5 to AUD $14.5 per million depending on tier. City Index’s pricing is competitive but not as cheap as the lowest-cost brokers like Tickmill and FP Markets.
HYCM’s Raw account is keenly priced at about 0.6 pips all-in for the EUR/USD after commission, which can be slightly cheaper than City Index’s average on that pair. The Classic account has variable spreads starting from 1.2 pips, and the fixed-spread account lists 1.5 pips. If you’re focused on the lowest possible spread, HYCM’s Raw account and City Index with volume-based rebates are the most appealing options, with overall costs varying by your trading volume and preferred platform.
| 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 vs HYCM (Henyep Capital Markets): both support forex trading via CFDs or spot contracts. City Index lists 13,500 tradeable symbols and 66 forex pairs, while HYCM offers 1,199 symbols with 70 forex pairs. If you want the widest overall instrument selection, City Index stands out; if you care about slightly more currency pairs, HYCM has the edge.
HYCM lets clients buy exchange-traded shares on U.S. and international exchanges, while City Index limits share access to CFDs only (no direct stock ownership). Both brokers offer cryptocurrency as CFDs and do not support buying actual coins. Copy trading is available at City Index but not at HYCM. Reflecting these differences, ForexBrokers.com rates City Index 5/5 for Range of Investments and ranks it 8th out of 63 brokers, versus HYCM at 4/5 and 27th out of 63.
| 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 both offer free demo (paper) accounts, proprietary in-house platforms, and trading on Windows desktop and web browsers. Each supports MetaTrader 4 (MT4) and lets you place trades directly from charts. Key differences: City Index includes copy trading while HYCM does not, and HYCM adds MetaTrader 5 (MT5) while City Index does not.
For Trading Platforms and Tools, City Index earns 4.5 stars and ranks #11 out of 63 brokers on ForexBrokers.com, while HYCM scores 4 stars and ranks #32. In short, City Index is a strong pick if you want copy trading alongside MT4 and a proprietary platform, whereas HYCM is appealing if MT5 support is a must.
| 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.
City Index and HYCM both check the core boxes for mobile trading: each offers an iPhone and Android app, supports price alerts, lets you draw trendlines on charts, and auto-saves your chart drawings. That means you can stay on top of forex or stock moves and pick up your analysis later without losing your work.
The key differences show up in features and ratings. City Index syncs watchlists between its app and web platform, while HYCM does not. City Index also packs in more charting studies (88 vs. HYCM’s 30), which can matter if you rely on technical indicators. Independent scores lean toward City Index too: it earns 4.5 stars and ranks #9 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, compared with HYCM’s 4 stars and #30 ranking. If synced watchlists and deeper chart tools are priorities, City Index is the stronger pick; if you need standard charts and alerts, HYCM covers the essentials.
| 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 both cover the essentials for market research. Each broker publishes daily market commentary, streams forex news from leading sources like Bloomberg and Reuters, and includes Trading Central tools for technical insights. You’ll also find an economic calendar at both brokers. Neither offers Autochartist, TipRanks, or Acuity Trading tools. One key difference: City Index provides a sentiment tool that shows the ratio of long vs. short positions, while HYCM does not.
When it comes to quality and depth, City Index holds the edge. It earns a 4.5-star Research rating and ranks #10 out of 63 brokers on ForexBrokers.com, compared to HYCM’s 3.5 stars and #29 ranking. If you want richer research with sentiment data alongside top-tier news and commentary, City Index is the more complete pick. HYCM still delivers the basics for staying informed, but with fewer extras for analysis.
| 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.
City Index and HYCM (Henyep Capital Markets) both deliver forex and CFD education with at least 10 learning pieces, and each offers 10+ beginner-friendly trading videos. The big difference shows up as you progress: City Index runs monthly client webinars and also provides 10+ advanced trading videos, while HYCM does not host monthly webinars and lacks the same depth for advanced topics. Reflecting that gap, City Index earns 4.5 stars for Education and ranks #9 out of 63 brokers, compared with HYCM’s 3.5 stars and #27 ranking.
For beginners who want live sessions plus a deeper library as their skills grow, City Index is the stronger pick thanks to its regular webinars and advanced content. If you’re mainly after on-demand basics and can do without ongoing webinars or extensive advanced lessons, HYCM can still work well. In short: both cover the fundamentals, but City Index offers a clearer path from beginner to more experienced trading education.
| 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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|---|---|---|
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| Trust Score | 99 | 86 |
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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 | 86 | |
| 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 | 86 | |
| 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 SCA 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 | 86 | |
| Winner | check_circle | ||
| Review | City Index Review | HYCM (Henyep Capital Markets) Review |
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