Written by ForexBrokers.com
In this head to head comparison of CMC Markets 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.
CMC Markets, established in 1989, and HYCM (Henyep Capital Markets), founded in 1977, are two prominent online brokers in the finance industry. CMC Markets stands out with its publicly traded status on a stock exchange and boasts a perfect Trust Score of 99 out of 99 according to ForexBrokers.com, marking it as highly trusted. It holds six Tier-1 licenses, reflecting strong regulatory recognition. Despite not being a bank, CMC Markets remains a secure choice for traders looking for trust and transparency.
On the other hand, HYCM is a privately held firm that holds two Tier-1 licenses and one Tier-2 license, giving it a respectable Trust Score of 86. While not at the level of CMC Markets, it is still considered trusted. Both brokers are not banks but have built a long-standing reputation in the industry. Whether it's CMC Markets' higher regulatory credentials or HYCM's enduring market presence since 1977, both offer unique strengths to their clients.
| Feature |
CMC Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 1989 | 1977 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 6 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
CMC Markets stands out in the world of online trading, especially when it comes to commissions and fees. In 2025, it was awarded the top spot in the Commissions and Fees category thanks to its consistently low spread offerings, which cater to all customer segments and account types. With average spreads of 0.61 pips for EUR/USD as of August 2023, CMC Markets provides pricing that surpasses the industry average. Their Price Plus Scheme offers great discounts for active traders, allowing investors to earn rewards based on trading volume. Additionally, the introduction of FX Active in 2022 brought a commission-based model that charges $2.50 per side, resulting in an enticing 0.5 pip all-in cost for several major currencies.
When considering HYCM (Henyep Capital Markets), traders will find competitive rates, though generally not as favorable as those offered by CMC Markets. HYCM's Raw account presents an all-in cost around 0.6 pips for EUR/USD (after commission), while their Classic account begins with a variable spread starting at 1.2 pips. Additionally, HYCM provides a fixed-spread account with a spread of 1.5 pips. Although HYCM offers fairly balanced pricing, it achieves a slightly lower rating and ranking compared to CMC Markets, with a 4.5-star rating and a ranking of 15th place in the Commissions and Fees category out of 63 brokers.
Overall, CMC Markets proves to be a leader in terms of pricing, earning a full 5-star rating and securing the first place rank in the Commissions and Fees category. Its combination of low spreads, innovative pricing schemes, and active trader rewards make it a top choice among traders looking for cost-effective trading solutions. On the other hand, HYCM remains a strong contender, but does not quite match the low-cost trading environment provided by CMC Markets.
| Feature |
CMC Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $0 | $20 |
| Average Spread EUR/USD - Standard | 1.3 | 1.2 |
| All-in Cost EUR/USD - Active | 0.65 | 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 CMC Markets and HYCM in terms of their range of investments, both brokers offer forex trading through CFDs or spot contracts. However, CMC Markets stands out with a significantly larger selection of tradeable symbols, amounting to 12,029, compared to HYCM's 1,199 options. This difference also extends to forex pairs where CMC Markets offers 141 pairs while HYCM provides 70. Both brokers allow investments in exchange-traded securities on U.S. and international exchanges, enabling clients to purchase shares such as Apple and Vodafone.
CMC Markets allows copy trading, a feature HYCM does not offer, giving CMC an edge for investors interested in mirroring successful trades. While neither broker offers the purchase of actual cryptocurrency, both provide the opportunity to trade cryptocurrency derivatives. CMC Markets is rated higher for its range of investments, earning 5 stars compared to HYCM's 4 stars and is ranked 9th out of 63 brokers in the Range of Investments category on ForexBrokers.com, while HYCM ranks 33rd.
| Feature |
CMC Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 12029 | 1199 |
| Forex Pairs (Total) | 141 | 70 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | 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.
CMC Markets and HYCM both offer comprehensive trading platforms, catering to the needs of diverse traders. Both brokers provide access to proprietary platforms and ensure traders can engage via Windows-based desktop downloads and web-based interfaces, facilitating flexibility and convenience in trading. Additionally, users of both platforms can take advantage of popular MetaTrader 4 and 5 for a seamless trading experience. Notably, CMC Markets eclipses HYCM by offering copy trading options, making it an ideal choice for users looking to follow and replicate successful trading strategies naturally.
While both brokers provide traders with a virtual demo account to practice and hone their skills, there are distinct differences in the toolset offered. CMC Markets stands out with 36 drawing tools for charting, compared to HYCM's 15. Furthermore, those using CMC Markets can appreciate a more detailed watch list functionality with 11 available fields against HYCM’s 7. This enhanced offering contributes to CMC Markets' higher rating of 5 stars for its trading platforms and tools versus HYCM's 4 stars, with their respective rankings of #4 and #40 out of 63 brokers by ForexBrokers.com further showcasing CMC Markets' superior performance in this category.
| Feature |
CMC Markets
|
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) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 73 | 30 |
| Charting - Drawing Tools (Total) | 36 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading, both CMC Markets and HYCM provide strong app experiences for iPhone and Android users. They both offer apps that deliver price alerts, trendline drawing, and multiple time frame views on stock and forex charts. Additionally, both platforms support creating watchlists with real-time quotes and save chart drawings automatically. However, an important distinction is that CMC Markets enables watchlist symbol syncing with clients' online accounts, while HYCM does not.
In terms of charting features, HYCM edges out slightly with 30 technical studies compared to CMC Markets' 29. Despite this, in the eyes of users and evaluators, CMC Markets outshines HYCM in overall mobile trading experience. Rated five stars as opposed to HYCM's four, CMC Markets also holds a superior rank at #5 versus HYCM's #37 in the Mobile Trading Apps category according to ForexBrokers.com. Consequently, for those who value seamless syncing and a premium-rated trading app, CMC Markets might just hold the edge.
| Feature |
CMC Markets
|
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 | 29 | 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.
When comparing the market research capabilities of CMC Markets and HYCM, both brokers provide daily market commentary and access to forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones. This ensures traders receive timely updates and insights into market trends. However, CMC Markets distinguishes itself by offering advanced research tools, such as technical analysis resources from Autochartist and a sentiment-based trading tool to help users understand the market position dynamics. These tools are not available with HYCM, which instead provides technical analysis solutions via Trading Central to support traders in their decision-making processes.
Both CMC Markets and HYCM present economic calendars that help traders stay informed about global news events affecting various economies. Yet, CMC Markets achieves a stronger rating with five out of five stars for its research offerings, outperforming HYCM's rating of 3.5 stars. This is further reflected in their rankings by ForexBrokers.com, where CMC Markets stands at an impressive 6th place out of 63 brokers, while HYCM is positioned at 35th. Overall, CMC Markets offers a more comprehensive suite of research tools, making it a preferred choice for traders seeking in-depth and diverse market insights.
| Feature |
CMC Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | 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.
For those new to trading, both CMC Markets and HYCM offer a decent range of educational resources aimed at helping beginners understand forex and CFDs. Each platform provides over ten educational pieces, including articles and videos, focusing on these areas. However, neither broker hosts live webinars regularly each month, though both maintain a searchable archive of past webinars for users seeking additional insights. CMC Markets stands out with advanced educational videos, catering to seasoned traders, whereas HYCM focuses primarily on resources for beginners. Both brokers offer dictionaries with definitions of over 50 investing terms, enhancing the learning experience for individuals trying to grasp trading terminology.
When comparing user ratings and rankings, CMC Markets takes the lead with a 5-star rating for education, ranked 10th out of 63 brokers by ForexBrokers.com. Meanwhile, HYCM holds a 3.5-star rating and is placed 32nd in the same list, which suggests that CMC Markets may be a more favorable choice for those who prioritize a comprehensive educational experience in their trading platform.
| Feature |
CMC Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | 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 CMC Markets is better than HYCM (Henyep Capital Markets). CMC Markets finished with an overall rank of #4, while HYCM (Henyep Capital Markets) finished with an overall rank of #29.
CMC Markets is well-trusted across the globe, and delivers a terrific trading experience thanks to its excellent pricing and selection of over 12,000 tradeable instruments.
| Feature |
CMC Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 99 | 86 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both CMC Markets and HYCM (Henyep Capital Markets) do not offer the ability to purchase actual delivered cryptocurrency, but they do provide options for trading cryptocurrency derivatives.
CMC Markets stands out from HYCM (Henyep Capital Markets) by offering more diverse payment options, including ACH, SEPA, and PayPal, while both brokers support Visa, Mastercard, and bank wire transactions; however, HYCM provides an additional option with Skrill.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | CMC Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 86 | |
| Winner | check_circle | ||
| Review | CMC Markets Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | CMC Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
|
| Regulation | CMC Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trust Score | 99 | 86 | |
| Year Founded | 1989 | 1977 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 6 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | CMC Markets | 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) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | CMC Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| 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) |
| Investments | CMC Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 12029 | 1199 | |
| Forex Pairs (Total) | 141 | 70 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | CMC Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.3 | 1.2 | |
| All-in Cost EUR/USD - Active | 0.65 | 0.6 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | CMC Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | $0 | $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 | CMC Markets | 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) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | CMC Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 7 | |
| Charting - Indicators / Studies (Total) | 73 | 30 | |
| Charting - Drawing Tools (Total) | 36 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | CMC Markets | 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 | 29 | 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 | CMC Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | CMC Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | 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 | CMC Markets | 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 | CMC Markets Review | HYCM (Henyep Capital Markets) Review |
| Overall | CMC Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 86 | |
| Winner | check_circle | ||
| Review | CMC Markets Review | HYCM (Henyep Capital Markets) Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill