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 it comes to commissions and fees, DooPrime currently lacks available data on their average spreads, making it challenging for potential users to assess cost efficiency explicitly. With these uncertainties, DooPrime earned a 3-star rating out of 5 for its commissions and fees. In the competitive market of online brokers, DooPrime ranks 59th out of 63 brokers reviewed by ForexBrokers.com.
HYCM (Henyep Capital Markets) offers a more transparent fee structure. Their Raw account is recognized for competitive pricing, with an all-in cost of about 0.6 pips for the EUR/USD pair, inclusive of commission. The Classic account is more costly, featuring a variable spread starting from 1.2 pips, while they also offer a fixed-spread account with spreads of 1.5 pips.
Due to its clear and competitive fee structure, HYCM earns a high 4.5-star rating out of 5 for commissions and fees. This satisfying score helps position HYCM as 15th out of 63 brokers in the ForexBrokers.com rankings for the Commissions and Fees category, making it a more attractive option for traders focused on minimizing costs.
| 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 comparing the investment offerings of DooPrime and HYCM (Henyep Capital Markets), both brokers stand out by providing comprehensive options for forex trading as CFDs or spot contracts. DooPrime boasts an impressive 10,000 tradeable symbols, towering above HYCM's 1,199 symbols. While HYCM slightly edges out in tradeable forex pairs with 70 compared to DooPrime's 60 pairs, the sheer volume of tradeable symbols at DooPrime provides a more diverse portfolio for investors. Both platforms allow access to exchange-traded securities on U.S. and international exchanges, letting investors purchase stocks like Apple and Vodafone directly.
In terms of additional features, DooPrime offers copy trading, an automatically managed trading strategy where users can mimic successful traders, while HYCM does not. However, when it comes to cryptocurrency derivatives, HYCM has an advantage by offering this option, while DooPrime does not. Both brokers lack options for purchasing actual cryptocurrencies. Overall, DooPrime is rated five stars and ranked 12th out of 63 brokers for their range of investments, compared to HYCM's four-star rating and 33rd place ranking. This suggests that DooPrime provides a more expansive and versatile array of investment opportunities.
| 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 evaluating trading platforms and tools, both DooPrime and HYCM offer a comprehensive set of features that cater to traders of all levels. Both brokers provide demo accounts, allowing users to refine their trading strategies without financial risk. They also feature proprietary trading platforms, downloadable Windows applications, and accessible web-based platforms, ensuring versatile trading options. While they both support popular platforms like MetaTrader 4 and MetaTrader 5, DooPrime sets itself apart by offering a copy trading service, a feature not available with HYCM. For charting, both brokers include 15 drawing tools and support trading directly from charts, ensuring a user-friendly experience.
In terms of customization, both DooPrime and HYCM offer watch list options with seven fields, providing traders with the ability to track various market conditions. While both are rated four stars for their trading platforms and tools, DooPrime ranks higher in the ForexBrokers.com survey, positioned at 25th out of 63 brokers, compared to HYCM's 40th place. This ranking suggests a slight edge for DooPrime in this category, further supported by its additional features like copy trading. Overall, both brokers provide reliable and versatile platforms, making them solid choices for traders seeking functionality and flexibility.
| 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 brokers offer apps for iPhone and Android devices, facilitating seamless trading on the go. Each app provides essential features like stock and forex price alerts, the ability to create watchlists with real-time quotes, and the capability to draw trendlines on charts. Both platforms support viewing multiple time frames on charts and autosave drawings, enhancing the user's analytical experience. While both DooPrime and HYCM offer 30 technical studies for in-depth chart analysis, neither supports syncing watchlist symbols across devices.
Despite these similarities, DooPrime edges out with a higher ranking in ForexBrokers.com's Mobile Trading Apps category, placing 25th compared to HYCM's 37th. Both receive a four-star rating for mobile trading, signaling general satisfaction among users. Whether you're trading stocks or forex, both mobile apps aim to provide a comprehensive trading experience with intuitive interfaces and analytical tools, making them reliable options for traders on the move.
| 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.
Both DooPrime and HYCM provide daily market commentary and access to forex news from well-known sources like Bloomberg and Reuters. Each broker integrates tools from Trading Central, offering their clients valuable technical analytics. Despite a lack of sentiment-based trading tools or collaboration with Autochartist or TipRanks, both brokers ensure traders stay informed with comprehensive economic calendars displaying significant global economic events.
While both brokers offer meaningful insights, DooPrime edges out HYCM with a higher research rating of 4 stars compared to HYCM's 3.5 stars. According to ForexBrokers.com, DooPrime ranks 29th out of 63 brokers for research, slightly ahead of HYCM's 35th position, highlighting DooPrime's slightly stronger focus on delivering in-depth market analysis and information.
| 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 comparing the educational resources for beginners offered by online brokers DooPrime and HYCM, there are several factors to consider. Both brokers provide more than 10 educational pieces on forex and CFDs, making a solid starting point for newcomers. However, while DooPrime and HYCM each deliver over 10 videos focused on beginner trading topics, DooPrime goes a step further with at least 10 advanced videos aimed at more experienced traders. In contrast, HYCM lacks this advanced offering but compensates with an investor dictionary containing more than 50 investing terms, a feature that DooPrime does not provide. Both brokers do not offer monthly webinars, but HYCM has a searchable archive of previous sessions, adding an extra layer of convenience to learners seeking to explore past topics.
In terms of recognition for educational support, DooPrime holds a slight edge, rated 4 out of 5 stars, and is ranked #25 out of 63 brokers by ForexBrokers.com. HYCM follows closely with a 3.5-star rating and ranks #32. This information suggests that while both platforms are well-regarded for their educational offerings, DooPrime provides a broader range of materials for traders looking to advance their skills further.
| 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 63 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)
|
|---|---|---|
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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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