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DooPrime vs HYCM (Henyep) 2023

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Written by ForexBrokers.com

December 27, 2022

Is DooPrime better than HYCM (Henyep)? In our analysis of 23 international regulators across 62 of the best forex brokers, DooPrime is considered average-risk, with an overall Trust Score of 84 out of 99. HYCM is considered average-risk, with an overall Trust Score of 86 out of 99. Learn more about Trust Score.

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Compare

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Overall Rating DooPrime HYCM (Henyep)
Overall Rating info 4/5 Stars 4/5 Stars
Commissions & Fees 3/5 Stars 4.5/5 Stars
Offering of Investments 5/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 84 86
Winner check_circle
Review HYCM (Henyep) Review
Broker Screenshots DooPrime HYCM (Henyep)
Trading Platforms Gallery (click to expand) info
Research Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation DooPrime HYCM (Henyep)
Trust Score info 84 86
Year Founded info 2014 1977
Publicly Traded (Listed) info No No
Bank info No No
European Union Authorised (MiFID) info No info Yes info
Tier-1 Licenses info 2 2
Tier-2 Licenses info 0 2
Tier-3 Licenses info 2 1
Tier-1 Licenses (High Trust) DooPrime HYCM (Henyep)
Australia (ASIC Authorised) info No No
Canada (SRO Authorised) info No No
Hong Kong (SFC Authorised) info Yes Yes
CBI Authorised (Ireland) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Tier-2 Licenses (Average Trust) DooPrime HYCM (Henyep)
China (CBRC Authorised) info No No
Cyprus (CySEC Authorised) info No Yes
India (SEBI Authorised) info No No
Israel (ISA Authorised) info No No
Russia (CBR Authorised) info No No
South Africa (FSCA Authorised) info No No
Thailand (SEC Authorised) info No No
UAE (DFSA/Central Bank Authorised) info No Yes
Tier-3 Licenses (Low Trust) DooPrime HYCM (Henyep)
Bahamas (SCB Authorised) info No No
Belize (FSC Authorised) info No No
Cayman Islands (CIMA Authorised) info No Yes
Bermuda (BMA Authorised) info No No
British Virgin Islands (FSC Authorised) info No No
Mauritius (FSC Authorised) info Yes No
Vanuatu (VFSC Authorised) info Yes No
Investments DooPrime HYCM (Henyep)
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 10000 362
Forex Pairs (Total) info 60 70
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes Yes
Social Trading / Copy Trading info Yes No
Cryptocurrency (Physical) info No No
Cryptocurrency (CFD) No 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 DooPrime HYCM (Henyep)
Average Spread EUR/USD - Standard info N/A info 0.6 info
All-in Cost EUR/USD - Active info N/A info 0.6 info
Active Trader or VIP Discounts info No Yes
Execution: Agency Broker info Yes Yes
Execution: Market Maker info Yes Yes
Funding DooPrime HYCM (Henyep)
Minimum Deposit info $100 $100
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Trading Platforms DooPrime HYCM (Henyep)
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools DooPrime HYCM (Henyep)
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 7 7
Charting - Indicators / Studies (Total) info 30 30
Charting - Drawing Tools (Total) info 15 15
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading DooPrime HYCM (Henyep)
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Forex Calendar info Yes Yes
Research DooPrime HYCM (Henyep)
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central (Recognia) info Yes Yes
Social Sentiment - Currency Pairs info No No
Economic Calendar info Yes Yes
Education DooPrime HYCM (Henyep)
Education (Forex or CFDs) info Yes No
Client Webinars info No Yes
Client Webinars (Archived) info No Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info No Yes
Major Forex Pairs DooPrime HYCM (Henyep)
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review HYCM (Henyep) Review
Overall DooPrime HYCM (Henyep)
Overall Rating info 4/5 Stars 4/5 Stars
Commissions & Fees 3/5 Stars 4.5/5 Stars
Offering of Investments 5/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 84 86
Winner check_circle
Review HYCM (Henyep) Review
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DooPrime vs HYCM (Henyep) Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare DooPrime vs HYCM (Henyep).

Does DooPrime or HYCM (Henyep) offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, HYCM (Henyep) offers better pricing overall for traders.

Is DooPrime or HYCM (Henyep) safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Both DooPrime and HYCM (Henyep) hold 2 global Tier-1 licenses. HYCM (Henyep) holds 2 global Tier-2 licenses, while DooPrime holds 0. In our analysis of 23 international regulators across 50 brokers, HYCM (Henyep) earned a higher Trust Score than DooPrime.

Which trading platform is better: DooPrime or HYCM (Henyep)?

To compare the trading platforms of both DooPrime and HYCM (Henyep), we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, DooPrime offers a better experience. With research, HYCM (Henyep) offers superior market research. Finally, we found DooPrime to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both DooPrime and HYCM (Henyep) offer MetaTrader 4 (MT4).Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

HYCM (Henyep) provides traders 70 currency pairs (e.g., EUR/USD) compared to DooPrime's 60 available pairs. Forex pairs aside, DooPrime offers traders access to 10000 CFDs while HYCM (Henyep) has 362 available CFDs, a difference of 9638.

Can I trust DooPrime?

DooPrime is not publicly traded and does not operate a bank. DooPrime is authorised by three tier-1 regulator (high trust), one tier-2 regulators (average trust), and two tier-3 regulators (low trust). DooPrime is authorised by the following tier-1 regulators: Securities Futures Commission (SFC), Financial Conduct Authority (FCA), and the Commodity Futures Trading Commission (CFTC)

Can I trust HYCM (Henyep)?

HYCM is not publicly traded and does operate a bank. HYCM is authorised by two tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). HYCM is authorised by the following tier-1 regulators: Securities Futures Commission (SFC) and Financial Conduct Authority (FCA).

Is DooPrime good?

DooPrime is mainly regulated in the UK, as well as two offshore locations (Vanuatu and Mauritius), and offers 10,000 investment products, and multiple platforms including the full MetaTrader suite, and social copy trading platforms. That said, DooPrime trails behind the best brokers in key categories.

Is HYCM (Henyep) good?

HYCM is a trusted brand that offers a straightforward MetaTrader platform experience. Its Raw account delivers competitive pricing, and traders gain access to third-party modules from Trading Central as well as exchange-traded securities (available through a separate platform). That said, HYCM offers a narrow range of symbols to forex and CFD traders.

Overall winner: DooPrime

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We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ 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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