eToro vs HYCM (Henyep Capital Markets) 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 eToro vs HYCM (Henyep Capital Markets).
Does eToro or HYCM (Henyep Capital 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, HYCM (Henyep Capital Markets) offers better pricing overall for traders.
Is eToro or HYCM (Henyep Capital Markets) 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 eToro and HYCM (Henyep Capital Markets) hold 3 global Tier-1 licenses. HYCM (Henyep Capital Markets) holds 1 global Tier-2 licenses, while eToro holds 0. In our analysis of 23 international regulators across 50 brokers, eToro (90) earned a higher Trust Score than HYCM (Henyep Capital Markets) (88).
Which trading platform is better: eToro or HYCM (Henyep Capital Markets)?
To compare the trading platforms of both eToro and HYCM (Henyep Capital Markets), we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, eToro offers a better experience. With research, eToro offers superior market research. Finally, we found eToro 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. Neither broker offers Meta Trader.Copy trading is not offered by either broker.
How many forex pairs and CFDs are available to trade?
HYCM (Henyep Capital Markets) provides traders 70 currency pairs (e.g., EUR/USD) compared to eToro's 52 available pairs. Forex pairs aside, eToro offers traders access to 3479 CFDs while HYCM (Henyep Capital Markets) has 1199 available CFDs, a difference of 2280.
Can I trust eToro?
eToro is not publicly traded and does not operate a bank. eToro is authorised by three Tier-1 regulators (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk). eToro is authorised by the following Tier-1 regulators: Australian Securities & Exchange Commission (ASIC), Financial Conduct Authority (FCA), and the European Union via MiFID.
Can I trust HYCM (Henyep Capital Markets)?
HYCM is not publicly traded and does operate a bank. HYCM is authorised by three Tier-1 regulators (Highly Trusted), one Tier-2 regulator (Trusted), zero Tier-3 regulators (Average Risk), and one tier-4 regulator (High Risk). HYCM is authorised by the following tier-1 regulators: Securities Futures Commission (SFC), Financial Conduct Authority (FCA), and the European Union via MiFID.
Is eToro good?
eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors โ or receive exclusive perks for sharing their own trading strategies.
Is HYCM (Henyep Capital Markets) 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: eToro
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We review each brokerโs overall global offering โ a โYesโ 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.