Written by ForexBrokers.com
In this head to head comparison of DooPrime 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.
When comparing DooPrime and HYCM (Henyep Capital Markets), it's clear that both companies offer distinct advantages in terms of their regulatory credentials. Founded in 2014, DooPrime holds 4 Tier-1 licenses, indicating a strong level of trust and security for traders. In contrast, HYCM, established much earlier in 1977, has 2 Tier-1 licenses and 1 Tier-2 license, showing a trusted regulatory status as well. Neither of these brokers is publicly traded or operates as a bank, focusing solely on providing robust online trading services.
In terms of trust ratings provided by ForexBrokers.com, DooPrime scores an 83, suggesting it is trusted, while HYCM receives a slightly higher score of 86, further cementing its trusted status. These scores reflect the brokers' commitment to maintaining a secure trading environment, but they also highlight the subtle differences in their regulatory standings and market experience. Whether you prioritize a newer firm like DooPrime with more Tier-1 credentials or a seasoned player like HYCM with a marginally higher trust score, both brokers are equipped to manage traders' needs effectively.
| Feature |
DooPrime
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 2014 | 1977 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
When comparing the pricing structure of online brokers, DooPrime offers a commission and fees model that lacks specific details on average spread data, which can make it challenging for potential investors to assess its overall cost-effectiveness. With a three-star rating for commissions and fees, DooPrime is positioned at #58 out of 62 brokers in this category by ForexBrokers.com. This ranking suggests there may be more cost-efficient options for traders looking for transparent and competitive pricing.
In contrast, HYCM (Henyep Capital Markets) presents a more comprehensive and competitive fee structure. HYCM's Raw account offers an appealing all-in cost of about 0.6 pips for trading EUR/USD when taking into account potential commissions, making it a strong choice for those seeking minimal costs. The Classic account has higher pricing, starting from a variable spread of 1.2 pips, while the fixed-spread account offers a spread of 1.5 pips. Rated 4.5 stars for its commissions and fees, HYCM ranks impressively at #15 out of 62 brokers on ForexBrokers.com, highlighting its cost-effective and transparent pricing options.
Choosing between DooPrime and HYCM primarily depends on the trader’s preference for transparency and the types of accounts offered. While DooPrime has room for improvement in providing detailed cost information, HYCM excels with its clear pricing options across different account types, making it a solid choice for cost-conscious traders. Both brokers have distinct advantages, but HYCM's higher rating and ranking might attract traders prioritizing competitive fees.
| Feature |
DooPrime
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $100 | $20 |
| Average Spread EUR/USD - Standard | N/A | 1.2 |
| All-in Cost EUR/USD - Active | N/A | 0.6 |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to comparing the variety of investment options between DooPrime and HYCM, there are several key differences to consider. Both online brokers offer forex trading as CFDs or spot contracts; however, DooPrime provides a staggering 10,000 tradeable symbols, dwarfing HYCM's selection of 1,199. In terms of forex pairs, HYCM offers a broader choice with 70 pairs compared to DooPrime’s 60. Both platforms allow clients to invest in exchange traded securities on U.S. and international exchanges, granting access to shares like Apple and Vodafone.
Additional features include copy trading, which is available on DooPrime but not on HYCM. Neither platform supports the buying of actual cryptocurrencies, yet HYCM does offer cryptocurrency derivatives, a feature unavailable on DooPrime. Given these factors, DooPrime scores a superior 5-star rating for its range of investments, ranking 12th out of 62 brokers on ForexBrokers.com, while HYCM garners a 4-star rating, placing it at the 33rd position.
| Feature |
DooPrime
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 1199 |
| Forex Pairs (Total) | 60 | 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) | 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). |
Dive deeper: Best Copy Trading Platforms.
When it comes to trading platforms and tools, both DooPrime and HYCM (Henyep Capital Markets) provide a comprehensive range of options. Each broker offers a free virtual demo account, making it easy for traders to practice and refine their strategies without financial risk. Additionally, both DooPrime and HYCM have developed proprietary platforms, available on Windows desktop, web browsers, and mobile, ensuring flexibility for traders on the go or at their desk. Both brokers support the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, though DooPrime stands out with its offering of copy trading, a feature not available with HYCM.
For those focused on charting, DooPrime and HYCM provide a similar experience with 15 drawing tools and the capability to trade directly from a stock chart. They also match in watch list customization, each offering seven customizable columns. However, while DooPrime is ranked #25 for trading platforms and tools, HYCM sits at #40 according to ForexBrokers.com, which may reflect the perceived strengths or additional features offered by DooPrime. Both are rated four out of five stars, indicating a satisfactory but potentially improvable user experience. Ultimately, the choice between the two may come down to specific needs, such as the desire for copy trading or a preference for one platform’s unique features over the other.
| Feature |
DooPrime
|
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) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of DooPrime and HYCM, both platforms offer apps compatible with iPhone and Android devices. They provide essential features such as stock and forex price alerts and the ability to manage watchlists with real-time quotes. A key similarity is that neither broker offers syncing of watchlist symbols between the app and the client's online account. Technical analysis is robust on both apps, with each offering 30 technical studies for charting. Users can draw trendlines and view charts in multiple time frames, with all drawings saved automatically, enhancing the user-friendly experience.
Both DooPrime and HYCM received a solid 4-star rating for their mobile trading apps, reflecting their reliability and comprehensive features. However, in terms of industry rankings by ForexBrokers.com, DooPrime edges ahead, being ranked #25 out of 62 brokers, while HYCM sits at #37. This suggests that while both apps are well-equipped for traders, DooPrime may have a slight edge in user satisfaction and industry reputation within the mobile app sphere.
| Feature |
DooPrime
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 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 DooPrime and HYCM for market research offerings, both online brokers provide daily market commentary and forex news from leading sources like Bloomberg and Reuters. Each broker has integrated Trading Central tools to help with technical analytics, though neither offers additional tools from Autochartist or sentiment-based trading insights. They also share similarities in the absence of resources from TipRanks and Acuity Trading, but both do feature an economic calendar that outlines key global events.
DooPrime and HYCM both have merits, yet DooPrime stands out with a slightly higher research rating of 4 stars compared to HYCM's 3.5 stars. This difference is reflected in their rankings on ForexBrokers.com, where DooPrime holds the 29th spot among 62 brokers, while HYCM is positioned at 35th. This ranking suggests that while both brokers offer essential research tools, DooPrime may provide a marginal edge in enhancing a trader's strategic insights.
| Feature |
DooPrime
|
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 | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When exploring educational resources for beginners, both DooPrime and HYCM (Henyep Capital Markets) provide a range of materials on forex and CFD trading. Both brokers offer a significant number of educational pieces, such as articles and videos, focusing on these subjects. However, neither DooPrime nor HYCM host regular live webinars each month, though HYCM stands out by maintaining a searchable archive of previously recorded webinars for convenient on-demand learning. This can be advantageous for beginners who prefer revisiting past sessions at their own pace.
For those starting their journey, both DooPrime and HYCM present over ten beginner-friendly videos covering essential trading topics. However, DooPrime takes a step further in catering to experienced traders with an array of advanced educational videos, a resource that HYCM does not match. Moreover, beginners might find HYCM's investor dictionary, which explains over 50 crucial investing terms, to be an additional valuable tool. Despite these differences, DooPrime receives a slightly higher education rating of 4 stars compared to HYCM's 3.5 stars, and it holds a superior ranking in the ForexBrokers.com Education category.
| Feature |
DooPrime
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that DooPrime is better than HYCM (Henyep Capital Markets). DooPrime finished with an overall rank of #28, while HYCM (Henyep Capital Markets) finished with an overall rank of #29.
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.
| Feature |
DooPrime
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 83 | 86 |
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While both DooPrime and HYCM do not offer the ability to buy actual delivered cryptocurrency, HYCM distinguishes itself by providing the option to trade cryptocurrency derivatives, unlike DooPrime.
In comparing the online brokers DooPrime and HYCM (Henyep Capital Markets), both offer Visa/Mastercard and bank wire options for depositing and withdrawing funds, and while they both provide Skrill services, DooPrime also supports PayPal transactions, unlike HYCM; neither broker offers ACH or SEPA transfers.
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 | DooPrime | HYCM (Henyep Capital Markets) | |
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| Trust Score | 83 | 86 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | DooPrime | HYCM (Henyep Capital Markets) | |
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| Regulation | DooPrime | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trust Score | 83 | 86 | |
| Year Founded | 2014 | 1977 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 4 | 2 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | DooPrime | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | Yes | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | 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). | No | No |
| Tier-2 Licenses (Trusted) | DooPrime | 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) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | DooPrime | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 1199 | |
| Forex Pairs (Total) | 60 | 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) | 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 Capital Markets) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.2 | |
| All-in Cost EUR/USD - Active | N/A | 0.6 | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | DooPrime | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | $100 | $20 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | DooPrime | 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 | DooPrime | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | DooPrime | 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 | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 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 | DooPrime | 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 | No | No | |
| Economic Calendar | Yes | Yes |
| Education | DooPrime | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | DooPrime | 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 | HYCM (Henyep Capital Markets) Review |
| Overall | DooPrime | HYCM (Henyep Capital Markets) | |
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| Trust Score | 83 | 86 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review |
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