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Dukascopy vs HYCM (Henyep Markets) 2020

Is Dukascopy better than HYCM (Henyep Markets)? After testing 30 of the best forex brokers over five months, Dukascopy is better than HYCM (Henyep Markets). Thanks to its JForex platform suite, Dukascopy provides forex traders industry-leading trading tools and market research, which includes our favorite mobile app for 2020. Drawbacks include unreliable customer service and a narrow offering of tradeable markets.



CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature Dukascopy HYCM (Henyep Markets)
Overall 4.5 3.5
Commissions & Fees 4.5 3.5
Offering of Investments 4 3
Platforms & Tools 5 3
Mobile Trading 5 3.5
Research 4.5 4
Education 4 3.5
Trust Score 90 84
77.73% of retail CFD accounts lose money 71% of retail CFD accounts lose money
Dukascopy Review HYCM (Henyep Markets) Review
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Regulation

Feature Dukascopy HYCM (Henyep Markets)
Trust Score 90 84
Year Founded
2004 1977
Publicly Traded (Listed)
No No
Bank
Yes No
Tier-1 Licenses
2 2
Tier-2 Licenses
0 2
Tier-3 Licenses
0 1
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature Dukascopy HYCM (Henyep Markets)
ASIC Authorised (Australia)
No No
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
No Yes
FSA Authorised (Japan)
Yes No
MAS Authorised (Singapore)
No No
FINMA Authorised (Switzerland)
Yes No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
No No

Investments

Feature Dukascopy HYCM (Henyep Markets)
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
60 69
CFDs - Total Offered
593 278
Cryptocurrency traded as actual
Yes No
Cryptocurrency traded as CFD
Yes Yes

Cost

Feature Dukascopy HYCM (Henyep Markets)
Average Spread EUR/USD - Standard
1.00 (as of Q3 19) 2
All-in Cost EUR/USD - Active
0.52 (as of Q3 19) 1.1
Active Trader or VIP Discounts
Yes Yes

Funding

Feature Dukascopy HYCM (Henyep Markets)
Minimum Initial Deposit
$100.00 $100
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
No Yes
PayPal (Deposit/Withdraw)
No No
Skrill (Deposit/Withdraw)
No Yes

Trading Platforms

Feature Dukascopy HYCM (Henyep Markets)
Proprietary Platform
Yes No
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes Yes
MetaTrader 4 (MT4)
Yes Yes
MetaTrader 5 (MT5)
No Yes
cTrader
No No

Trading Tools

Feature Dukascopy HYCM (Henyep Markets)
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
No No
Watchlists - Total Fields
4 (default MT4)
Charting - Indicators / Studies (Total)
291 (default MT4)
Charting - Drawing Tools (Total)
24 (default MT4)
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes No
Order Type - Trailing Stop
Yes Yes

Mobile Trading

Feature Dukascopy HYCM (Henyep Markets)
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
Yes No
Watch List
Yes No
Watch List Syncing
No No
Charting - Indicators / Studies
46 (default MT4)
Charting - Draw Trendlines
Yes No
Charting - Trendlines Moveable
Yes No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes No
Forex Calendar
Yes No

Research

Feature Dukascopy HYCM (Henyep Markets)
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
Yes Yes
AutoChartist
No No
Trading Central (Recognia)
No Yes
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes No
Economic Calendar
Yes Yes

Education

Feature Dukascopy HYCM (Henyep Markets)
Has Education - Forex
No No
Has Education - CFDs
No No
Client Webinars
Yes Yes
Client Webinars (Archived)
Yes No
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes No
Investor Dictionary (Glossary)
No Yes

Major Forex Pairs

Feature Dukascopy HYCM (Henyep 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

Overall

Feature Dukascopy HYCM (Henyep Markets)
Overall 4.5 3.5
Commissions & Fees 4.5 3.5
Offering of Investments 4 3
Platforms & Tools 5 3
Mobile Trading 5 3.5
Research 4.5 4
Education 4 3.5
Trust Score 90 84
Dukascopy Review HYCM (Henyep Markets) Review
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Comparing forex brokers side by side is no easy task. For our 2020 annual forex broker review, we spent hundreds of hours assessing 30 forex and CFD brokerages to find the best forex broker. Let's compare Dukascopy vs HYCM (Henyep Markets).

Does Dukascopy or HYCM (Henyep Markets) 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, Dukascopy offers better pricing overall for traders.

Is Dukascopy or HYCM (Henyep Markets) safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. Both Dukascopy and HYCM (Henyep Markets) hold 2 global Tier-1 licenses. HYCM (Henyep Markets) holds 2 global Tier-2 licenses, while Dukascopy holds 0. All regulators considered, Dukascopy has a Trust Score of 90.00, while HYCM (Henyep Markets)'s Trust Score is 84.00.

Which trading platform is better: Dukascopy or HYCM (Henyep Markets)?
To compare the trading platforms of both Dukascopy and HYCM (Henyep Markets), we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Dukascopy offers a better experience. With research, Dukascopy offers superior market research. Finally, we found Dukascopy 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. Dukascopy and HYCM (Henyep Markets) both offer copy trading. Both Dukascopy and HYCM (Henyep Markets) offer MetaTrader 4 (MT4).

How many forex pairs and CFDs are available to trade?
HYCM (Henyep Markets) provides traders 69 currency pairs (e.g., EUR/USD) compared to Dukascopy's 60 available pairs. Forex pairs aside, Dukascopy offers traders access to 593 CFDs while HYCM (Henyep Markets) has 278 available CFDs, a difference of 315.

Overall, between Dukascopy and HYCM (Henyep Markets), Dukascopy is the better forex broker.

Dukascopy Review
HYCM (Henyep Markets) Review

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Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 01/20/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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