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 |
City Index offers competitive pricing that aligns with industry averages for CFDs, forex, and spread-betting products. Traders using City Index’s proprietary platforms or MetaTrader can expect some of the best rates. The Premium Trader account is a notable feature for those depositing over £10,000, providing access to exclusive pricing, events, and dedicated customer support. With an average spread of 0.74 pips on the EUR/USD, the overall cost is decent but not quite on par with top competitors like Tickmill and FP Markets. UK and Australian traders can benefit from active trader rebates, with potential savings based on trading volume. City Index is highly rated for its commissions and fees, earning 4.5 stars and securing the 14th spot out of 63 brokers as ranked by ForexBrokers.com.
HYCM (Henyep Capital Markets) demonstrates appealing pricing through its Raw account, which offers an all-in cost of around 0.6 pips for the EUR/USD after commission—making it very competitive. Their Classic account comes with a higher variable spread that starts from 1.2 pips, while a fixed-spread account is available at 1.5 pips. Despite differences in account structures, HYCM maintains solid ratings, earning a 4.5-star score for its commissions and fees. It sits closely behind City Index, occupying the 15th position out of 63 brokers according to ForexBrokers.com.
Both City Index and HYCM are highly regarded for their pricing strategies and have secured equal star ratings in the evaluations. However, City Index gets a slight edge in Broker ranking by ForexBrokers.com, making it a potentially more appealing choice for traders who prioritize cost-effective trading conditions along with dedicated customer service options for high-value traders. Both brokers offer varied account options, allowing traders to select the structure that best suits their trading habits and financial goals.
| Feature |
City Index
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | £100.00 | $20 |
| Average Spread EUR/USD - Standard | 1.4 | 1.2 |
| All-in Cost EUR/USD - Active | 0.74 | 0.6 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments available at City Index and HYCM, traders will find distinct offerings catering to different preferences. City Index shines with a massive selection of 13,500 tradeable symbols, making it an attractive choice for those seeking a wide variety of options. They provide 66 forex pairs for CFD or spot contract trading and offer cryptocurrency derivatives without the option to buy them outright. Additionally, City Index boasts a feature for copy trading, which some investors may find appealing. Despite the absence of direct access to exchange-traded securities on U.S. or international markets, City Index’s extensive overall range earns it a 5-star rating and an impressive 8th place among 63 brokers on ForexBrokers.com for Range of Investments.
HYCM, on the other hand, offers a more streamlined selection with 1,199 tradeable symbols, taking second place with 70 available forex pairs for CFD or spot contracts—just slightly more than City Index. HYCM stands out by providing access to exchange-traded securities on both U.S. and international markets, allowing investors to directly purchase shares like Apple and Vodafone. Although lacking a copy trading feature, HYCM matches City Index in offering CFD cryptocurrency trading. Receiving a 4-star rating for its range of investments, HYCM ranks 33rd among 63 brokers, presenting itself as a solid choice for traders looking for a balance between forex and direct stock market access.
| 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. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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 provide a range of trading platforms and tools catering to different trading needs. Both brokers offer free virtual demo accounts and have developed proprietary platforms in-house. They also support popular third-party software, MetaTrader 4 (MT4), with HYCM additionally offering MetaTrader 5 (MT5), providing more options for traders seeking advanced features. For desktop trading, both brokers supply Windows-based platforms, and you can trade directly from stock charts on both as well. However, City Index provides enhanced functionality with its copy trading feature, which HYCM does not offer.
In terms of charting capabilities, City Index stands out by offering 239 drawing tools, compared to HYCM’s 15, granting traders greater flexibility in technical analysis. City Index also provides more in-depth watch lists with 11 columns, whereas HYCM offers seven. City Index's trading platforms and tools are rated at 4.5 stars, slightly higher than HYCM’s 4 stars. According to ForexBrokers.com, City Index is ranked 11th out of 63 brokers in the Trading Platforms and Tools category, significantly ahead of HYCM, which sits at the 40th spot. These differences might influence your choice depending on your trading requirements and emphasis on platform features.
| Feature |
City Index
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 88 | 30 |
| Charting - Drawing Tools (Total) | 239 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
City Index and HYCM both offer iPhone and Android apps, providing ample accessibility for on-the-go trading. Both apps include features like stock or forex price alerts, trendline drawing, and the ability to view various time frames such as daily, weekly or intraday on charts. However, City Index outshines HYCM in its technical offerings, boasting 88 technical studies compared to HYCM's 30. Additionally, City Index supports watchlist sync between mobile and online accounts, a feature HYCM lacks, allowing users to seamlessly manage their investments across platforms.
Real-time watchlists are available on both apps, ensuring that users stay updated with market movements. In terms of user experience, City Index's mobile app holds an impressive rating of 4.5 stars, while HYCM has a rating of 4 stars. This difference is reflected in their rankings on ForexBrokers.com, where City Index stands at #9 out of 63 brokers for mobile trading apps, whereas HYCM is positioned at #37. Overall, while both apps offer essential trading features, City Index provides a more comprehensive set of tools and integration capabilities, making it a stronger choice for mobile trading enthusiasts.
| Feature |
City Index
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 88 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
City Index and HYCM both provide daily market commentary, ensuring traders stay updated with the latest happenings in the financial world. Both brokers also deliver forex news sourced from top-tier media outlets like Bloomberg and Reuters, promising reliable information for making informed decisions. When it comes to technical analysis tools, both brokers offer resources from Trading Central, but do not provide tools from Autochartist. However, a key difference is that City Index provides a sentiment-based trading tool to gauge market emotions across currency pairs, which is not available with HYCM.
Additionally, both City Index and HYCM supply traders with an economic calendar to track important global news events. Notably, neither broker includes research tools from TipRanks or Acuity Trading. In terms of overall research capabilities, City Index receives a higher rating with 4.5 stars compared to HYCM’s 3.5 stars. Furthermore, City Index holds the #10 spot out of 63 brokers on ForexBrokers.com for their research offerings, while HYCM ranks at #35, highlighting City Index’s stronger performance in this area.
| Feature |
City Index
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners, City Index stands out as a strong contender against HYCM. Both brokers meet the fundamental requirement of offering a minimum of 10 educational pieces focused on forex or CFDs, making them suitable for foundational learning. However, City Index goes a step further by offering monthly online educational webinars, which can provide a dynamic and interactive learning experience for new traders. While both brokers offer archived webinars, the live, monthly sessions at City Index add a valuable component for regular learning updates.
For video content, both platforms provide at least 10 beginner-level videos, although City Index extends its coverage to more advanced topics, whereas HYCM does not. Both brokers offer an investor dictionary with over 50 terms, catering to those who need quick clarifications on complex jargon. Despite each broker's efforts, City Index gains a higher educational rating of 4.5 stars compared to HYCM’s 3.5 stars. Additionally, City Index ranks 9th out of 63 brokers based on educational resources, significantly ahead of HYCM, which is ranked 32nd. This comparison clearly positions City Index as a leading choice for beginners seeking comprehensive educational support when embarking on their trading journey.
| Feature |
City Index
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
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 #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
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HYCM (Henyep Capital Markets)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 86 |
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Both City Index and HYCM (Henyep Capital Markets) provide the opportunity to trade cryptocurrency derivatives, though neither brokerage offers the ability to purchase actual, delivered cryptocurrency.
City Index offers a variety of payment options for depositing or withdrawing funds, including ACH or SEPA transfers, PayPal, Visa or Mastercard, and bank wires, but does not support Skrill; in comparison, HYCM (Henyep Capital Markets) supports Skrill, Visa or Mastercard, and bank wires, but does not offer ACH or SEPA transfers or PayPal.
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 (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| 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) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| 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. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | 1.4 | 1.2 | |
| All-in Cost EUR/USD - Active | 0.74 | 0.6 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | Yes | |
| 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 | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | City Index | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | City Index | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 7 | |
| Charting - Indicators / Studies (Total) | 88 | 30 | |
| Charting - Drawing Tools (Total) | 239 | 15 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 88 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | City Index | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | City Index | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | City Index | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| 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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