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 and HYCM (Henyep Capital Markets) are two well-established online brokers, with eToro founded in 2007 and HYCM dating back to 1977. Neither company is publicly traded and neither acts as a bank. When it comes to trust and regulation, eToro holds a slight edge. It possesses three Tier-1 licenses, indicating it is highly trusted, compared to HYCM's two. Additionally, both brokers have one Tier-2 license each, which conveys a trusted status.
According to ForexBrokers.com, eToro boasts a Trust Score of 93, placing it in the highly trusted category. This score is achieved through its solid regulatory standing and long-standing market presence. Meanwhile, HYCM has a Trust Score of 86, indicating it is trusted but not to the same degree as eToro. While both brokers offer reliable options for online trading, eToro's higher trust score and additional Tier-1 license may provide extra assurance to some investors.
| Feature |
eToro
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 2007 | 1977 |
| Publicly Traded (Listed) | No | 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 eToro and HYCM (Henyep Capital Markets) for commissions and fees, eToro stands out as a market-maker broker with a typical variable spread of 1 pip on the EUR/USD, which is slightly above the industry average. While eToro's spread might not be the lowest, many retail traders are drawn to its social copy trading platform. Additionally, eToro offers a VIP club with five membership tiers, ranging from Silver to Diamond, for traders maintaining balances between $5,000 and $250,000. The VIP club provides various perks such as access to Trading Central, discounted withdrawal and deposit fees, and a dedicated account manager.
HYCM, on the other hand, provides competitive pricing with its Raw account, offering an all-in cost of approximately 0.6 pips for the EUR/USD after commissions. However, its Classic account is more expensive, with a variable spread starting from 1.2 pips. Besides these, HYCM also has a fixed-spread account with spreads of 1.5 pips. This flexibility in account types allows traders to choose an option that best fits their trading needs, balancing between initial costs and trading strategy.
Both brokers are rated equally for commissions and fees, with a score of 4.5 stars out of five. However, when ranked by ForexBrokers.com, eToro is positioned at #22 out of 62 brokers in the Commissions and Fees category, while HYCM ranks higher at #15. This indicates that while they share the same star rating, HYCM may offer a slight edge concerning value for money in trading costs and commission structures.
| 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.
eToro and HYCM both cater to diverse investor needs, yet their offerings slightly differ in breadth and depth. eToro stands out with an impressive 5,461 tradeable symbols, overshadowing HYCM's 1,199. This extensive range includes the ability to trade both U.S. and international exchange-traded securities, such as stocks from Apple and Vodafone. eToro also offers 55 tradeable forex pairs and supports forex trading as both CFD and spot contracts. HYCM, while offering a similar dual forex trading option, provides a larger selection of 70 tradeable forex pairs. Both platforms allow trading in cryptocurrency derivatives, yet only eToro enables buying actual rather than contract-based cryptocurrencies.
Another distinguishing feature of eToro is the integration of copy trading, a capability not available with HYCM. This feature allows investors to mirror the trades made by experienced traders, adding a layer of strategic diversification for eToro users. Reflecting these differences, eToro earns a rating of 5 stars for its range of investments, as opposed to HYCM’s 4 stars. Moreover, eToro ranks 10th out of 62 brokers according to ForexBrokers.com, whereas HYCM holds the 33rd position. These rankings highlight eToro’s substantial investment offerings in comparison to HYCM’s safety and steady approach.
| 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.
Comparing eToro and HYCM reveals distinct offerings in their trading platforms and tools. Both brokers provide a free virtual demo account and have developed proprietary platforms. When it comes to user accessibility, eToro provides a web-based platform but lacks a downloadable desktop version for Windows, unlike HYCM, which offers this feature. A notable advantage of eToro is its copy trading feature, which HYCM does not provide, potentially appealing to traders interested in mirroring others' strategies. Moreover, eToro leads with 161 drawing tools for charting, surpassing HYCM's offering of 15, although neither broker provides technical indicators nor accommodates trading directly from stock charts on eToro's platform.
HYCM caters to users who prefer more traditional trading software, supporting both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which eToro does not offer. While HYCM allows traders to execute trades directly from stock charts, eToro does not have this function. In terms of monitoring watch lists, HYCM provides slightly more fields compared to eToro. From a user ratings perspective, eToro scores 4.5 stars for its trading platforms and tools, slightly higher than HYCM's 4 stars. Additionally, eToro ranks #8 out of 62 brokers according to ForexBrokers.com, outperforming HYCM, which stands at #40, making it a popular choice amongst traders looking for a comprehensive and intuitive trading experience.
| 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.
eToro and HYCM both offer handy mobile apps for iPhone and Android users, ensuring a smooth trading experience across devices. Both platforms allow users to receive stock and forex price alerts, which can be very useful for staying updated on market movements. However, one area where eToro shines is in its watchlist symbol syncing feature, allowing users to have their watchlist changes automatically updated between their mobile app and online account. In contrast, HYCM does not offer this syncing capability, requiring separate management of watchlists.
When it comes to charting tools, eToro provides a broader range with 104 technical studies compared to HYCM's 30, giving users more insights for analysis. Although eToro does not support drawing trendlines or auto-saving drawings, it does allow viewing multiple time frames for chart analysis. Conversely, HYCM enables drawing trendlines and auto-saving these drawings, making it more convenient for users who regularly employ this feature. Both apps support the creation of watchlists with real-time quotes. In terms of user satisfaction, eToro's app is rated at 4.5 stars, ranking 10th out of 62 brokers by ForexBrokers.com, while HYCM’s app has a 4-star rating and ranks 37th, reflecting a generally positive but slightly less favored user experience.
| 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.
When comparing eToro and HYCM (Henyep Capital Markets) for market research offerings, both platforms provide daily market commentary to keep traders informed. However, HYCM holds an advantage with access to forex news from reputable sources like Bloomberg and Reuters, which eToro does not offer. Both brokers equip traders with valuable technical analysis tools from Trading Central. eToro further enhances trader experience with a sentiment-based trading tool, which HYCM lacks, offering insights into long or short positions across various instruments.
eToro stands out with additional research support from TipRanks, a feature HYCM does not provide. Both brokers present users with an economic calendar to track global news events. When it comes to overall research ratings, eToro leads with a score of 4.5 stars compared to HYCM's 3.5 stars. Reflecting these strengths, eToro ranks 13th out of 62 brokers for research on ForexBrokers.com, while HYCM is positioned at 35th. These rankings indicate that eToro provides a more comprehensive market research package compared to HYCM, catering to traders seeking more insightful and diverse research tools.
| 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 provide a foundation in forex and CFDs education with at least 10 learning materials, including articles, videos, and archived webinars. eToro elevates the learning experience by offering monthly online webinars that engage clients directly, a feature HYCM lacks. Both brokers provide access to a searchable archive of recorded webinars, enhancing the chance to learn at one's own pace.
eToro stands out further by delivering a comprehensive suite of 10 beginner educational videos and an equal number of videos for more advanced traders, whereas HYCM focuses primarily on novice traders. Both platforms maintain a helpful investor dictionary with over 50 defined terms, but eToro's educational resources earn it a higher recognition—4.5 stars and a fifth-place ranking out of 62 brokers by ForexBrokers.com. Meanwhile, HYCM scores 3.5 stars and holds the 32nd position, making eToro a preferred choice for traders seeking a richer learning experience.
| 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 62 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 | 93 | 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 | 93 | 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 | 93 | 86 | |
| Year Founded | 2007 | 1977 | |
| Publicly Traded (Listed) | No | 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 | 93 | 86 | |
| Winner | check_circle | ||
| Review | eToro Review | HYCM (Henyep Capital Markets) Review |
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