Written by ForexBrokers.com
In this head to head comparison of eToro 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.
eToro, established in 2007, and HYCM (Henyep Capital Markets), which dates back to 1977, are both prominent players in the world of online trading. While neither eToro nor HYCM operates as a bank, they ensure clients' trust through significant regulatory compliance. eToro, publicly traded on the stock exchange, holds an impressive 96 Trust Score from ForexBrokers.com, indicating it as highly trusted. Supported by 3 Tier-1 licenses and 1 Tier-2 license, eToro provides a secure trading environment.
In contrast, HYCM, not listed on any stock exchange, maintains a respectable ForexBrokers.com Trust Score of 86, identifying it as a trusted broker. HYCM upholds trust with 2 Tier-1 licenses and matches eToro with 1 Tier-2 license. Although both firms show strong regulatory compliance, eToro's higher tier licenses and public company status may appeal more to those seeking enhanced transparency in their trading activities.
| Feature |
eToro
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 2007 | 1977 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing the commissions and fees of online brokers eToro and HYCM (Henyep Capital Markets), both are notable options but cater to slightly different trader preferences. eToro operates as a market-maker broker and lists a typical variable spread of 1 pip on the EUR/USD, which is somewhat higher than the industry norm. However, eToro's appeal often lies not in its spreads but in its social copy trading platform, which attracts traders looking for unique trading experiences rather than just low fees. eToro also offers a VIP club with five tiers of membership, accessible to traders maintaining balances between $5,000 and $250,000, featuring benefits like discounted withdrawal and deposit fees, a dedicated account manager, and access to Trading Central. For its commissions and fees, eToro earns 4.5 out of five stars and ranks #22 out of 63 brokers according to ForexBrokers.com.
HYCM offers a different fee structure with competitive pricing through its Raw account, where traders experience an all-in cost of about 0.6 pips for the EUR/USD after commission. Its Classic account is slightly more expensive, with a variable spread starting from 1.2 pips. Additionally, HYCM provides a fixed-spread account featuring a spread of 1.5 pips. Such diversified account offerings allow traders to choose based on their trading style and preferences. HYCM is also rated 4.5 stars for its commissions and fees, ranking #15 among 63 brokers in the ForexBrokers.com assessment.
Both eToro and HYCM present compelling options for traders, each with its strengths. While eToro stands out with its social trading platform and VIP perks, HYCM appeals with lower spreads in its Raw account and the flexibility of fixed and variable spread options. Ultimately, the choice between these brokers will depend on a trader's specific needs and priorities in trading experience and cost considerations.
| Feature |
eToro
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $20 |
| Average Spread EUR/USD - Standard | 1 | 1.2 |
| All-in Cost EUR/USD - Active | N/A | 0.6 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | 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 eToro to HYCM in terms of available investments, both platforms offer forex trading as CFDs or spot contracts. However, eToro provides access to a larger variety of tradeable symbols, boasting 5,461 options, while HYCM offers 1,199. In terms of forex pairs, HYCM slightly surpasses eToro with 70 pairs compared to eToro's 55. Both brokers enable clients to invest in exchange-traded securities on U.S. and international exchanges, allowing the purchase of stocks like Apple and Vodafone.
eToro shines in its unique offerings, providing copy trading capabilities and the opportunity to purchase actual cryptocurrencies, features that HYCM does not offer. Both platforms include options for trading cryptocurrency derivatives, but eToro's additional functionalities contribute to its higher rating of 5 stars, compared to HYCM's 4 stars for the range of investments. This advantage is further reflected in their rankings, with eToro positioned at #10 and HYCM at #33 out of 63 brokers by ForexBrokers.com, making eToro a more versatile choice for investors looking for a comprehensive trading experience.
| Feature |
eToro
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5461 | 1199 |
| Forex Pairs (Total) | 55 | 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) | Yes | 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.
When comparing the trading platforms and tools of eToro and HYCM, both brokers offer virtual demo accounts, allowing traders to practice in a simulated environment. Each broker also offers their own proprietary platform, facilitating a tailored trading experience. However, eToro and HYCM diverge in other offerings; while eToro provides a popular web-based platform with unique features like copy trading, it does not support the MetaTrader 4 (MT4) or MetaTrader 5 (MT5) platforms. On the other hand, HYCM includes both of these platforms, known for their extensive analysis tools, and offers a Windows-based desktop platform for enhanced usability.
While both eToro and HYCM offer web-based trading platforms, eToro stands out with its 161 drawing tools for charting, far surpassing HYCM’s 15. Additionally, eToro's watch list is slightly less extensive, offering six columns compared to HYCM's seven. A significant difference lies in eToro's absence of direct trading from stock charts, a feature available at HYCM. As a result of these varied offerings, eToro receives a higher rating for its Trading Platforms and Tools, scoring 4.5 stars and ranking 8th among 63 brokers, whereas HYCM is rated 4 stars and ranks 40th, showcasing eToro’s stronger appeal for users seeking a versatile, web-based trading experience with comprehensive tools.
| Feature |
eToro
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 104 | 30 |
| Charting - Drawing Tools (Total) | 161 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both eToro and HYCM offer iPhone and Android apps for seamless trading on the go. While both platforms provide the convenience of stock and forex price alerts, eToro stands out with watchlist symbol syncing across devices, ensuring users' modifications are consistently up-to-date. In terms of technical studies, eToro impresses with 104 available options, compared to HYCM’s 30. However, HYCM provides enhanced charting features like the ability to draw trendlines and automatically save these drawings, making it a compelling choice for in-depth technical analysis.
Exploring further, both apps allow traders to view charts across various time frames and create watchlists with real-time quotes. eToro’s ease of use and comprehensive features lead to a higher user rating of 4.5 stars, while HYCM earns 4 stars. According to ForexBrokers.com, eToro ranks significantly higher at #10 out of 63 brokers for mobile trading apps, compared to HYCM’s #37 position. This suggests that eToro may offer a more satisfactory mobile trading experience for most users, though HYCM's unique features can cater to specific trading needs.
| Feature |
eToro
|
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 | 104 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
eToro and HYCM both provide daily market commentary and access to Trading Central's technical analysis tools, making them strong contenders in the online brokerage space. However, a closer look reveals some differences in the depth and variety of their market research offerings. eToro lacks forex news from top-tier sources like Bloomberg and Reuters, while HYCM provides this valuable information. On the other hand, eToro excels with unique features such as a sentiment-based trading tool and market research from TipRanks, which are not available with HYCM. Both platforms offer economic calendars to keep traders informed about global economic events, ensuring you're always in the loop.
When it comes to research rating, eToro scores higher at 4.5 stars compared to HYCM's 3.5 stars. This difference is also reflected in their rankings by ForexBrokers.com, where eToro ranks 13th out of 63 brokers for research, whereas HYCM is placed at 35th. These scores suggest eToro may offer a more comprehensive and user-friendly research experience, giving traders a slight edge when navigating market trends and making informed decisions. If you're weighing your options, consider these distinctions to find the platform that aligns best with your trading needs.
| Feature |
eToro
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, eToro and HYCM both offer a wealth of content to help new traders get started with forex and CFDs. Both brokers provide at least ten educational pieces such as articles, videos, or archived webinars that focus on these topics. However, eToro distinguishes itself by offering monthly live educational webinars, which HYCM does not. Moreover, eToro provides easy access to a searchable archive of past webinars, an offering that both brokers share. For beginners, both platforms deliver at least ten video tutorials specifically aimed at novice traders, ensuring a comprehensive start in the world of trading.
For those looking for more advanced material, eToro takes the lead with a collection of advanced educational videos catered to experienced traders, a feature that HYCM lacks. Additionally, both brokers offer an investor dictionary featuring definitions of over 50 investing terms, contributing to a well-rounded educational library. In terms of ratings, eToro achieves a higher education rating of 4.5 stars compared to HYCM's 3.5 stars, reflecting eToro's superior educational offerings. This distinction is further highlighted by eToro's impressive ranking of #5 in the Education category among 63 brokers, while HYCM holds the #32 spot. This paints a clear picture of eToro as a more comprehensive educational resource for beginners exploring online trading.
| Feature |
eToro
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | 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 eToro is better than HYCM (Henyep Capital Markets). eToro finished with an overall rank of #9, while HYCM (Henyep Capital Markets) finished with an overall rank of #29.
eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.
| Feature |
eToro
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HYCM (Henyep Capital Markets)
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| Trust Score | 96 | 86 |
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eToro allows users to purchase actual delivered cryptocurrencies and offers cryptocurrency derivatives, while HYCM (Henyep Capital Markets) only provides the opportunity to trade cryptocurrency derivatives without owning the actual cryptocurrency.
When comparing online brokers, eToro stands out by offering a diverse range of deposit and withdrawal options, including ACH, SEPA, and PayPal, which are not available with HYCM (Henyep Capital Markets), while both platforms support alternatives like Skrill, Visa, Mastercard, and bank wire 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 | eToro | HYCM (Henyep Capital Markets) | |
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| Trust Score | 96 | 86 | |
| Winner | check_circle | ||
| Review | eToro Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | eToro | HYCM (Henyep Capital Markets) | |
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| Regulation | eToro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trust Score | 96 | 86 | |
| Year Founded | 2007 | 1977 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | eToro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | 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). | Yes | No |
| Tier-2 Licenses (Trusted) | eToro | 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 | eToro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5461 | 1199 | |
| Forex Pairs (Total) | 55 | 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) | Yes | 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 | eToro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1 | 1.2 | |
| All-in Cost EUR/USD - Active | N/A | 0.6 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | eToro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $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 | Yes | No |
| Trading Platforms | eToro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | eToro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 104 | 30 | |
| Charting - Drawing Tools (Total) | 161 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | 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 | 104 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | eToro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | eToro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | 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 | eToro | 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 | eToro Review | HYCM (Henyep Capital Markets) Review |
| Overall | eToro | HYCM (Henyep Capital Markets) | |
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| Trust Score | 96 | 86 | |
| Winner | check_circle | ||
| Review | eToro Review | HYCM (Henyep Capital Markets) Review |
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