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 are regulated online brokers with different trust profiles. According to ForexBrokers.com, eToro holds a Trust Score of 97/99, placing it in the highly trusted 90–99 range, while HYCM scores 85/99, which is considered trusted (80–89). In terms of oversight, eToro holds four Tier-1 licenses and one Tier-2 license; HYCM holds two Tier-1 and one Tier-2 license. Tier-1 regulators are viewed as the most stringent by ForexBrokers.com, and Tier-2 regulators are also trusted.
Founded in 2007, eToro is publicly traded and is not a bank. HYCM, founded in 1977, is not publicly traded and is not a bank. Bottom line: eToro offers a higher third-party trust rating and more top-tier licenses, while HYCM brings a longer operating history.
| Feature |
eToro
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 2007 | 1977 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When it comes to commissions and fees, eToro and HYCM take different approaches that may appeal to different types of traders. eToro, a market-maker broker, lists a typical variable spread of 1 pip on EUR/USD, which is a bit higher than the industry average. Most retail traders are drawn to eToro less for low pricing and more for its social copy trading features. eToro is rated 4 stars for commissions and fees and ranks #24 out of 36 brokers in this category.
HYCM (Henyep Capital Markets) tends to offer better pricing overall, especially on its Raw account, which has an estimated all-in cost of about 0.6 pips on EUR/USD after commission. Its Classic account is pricier, with variable spreads starting from 1.2 pips, while the fixed-spread account comes in at 1.5 pips. HYCM is rated 4.5 stars for commissions and fees and ranks #18 out of 36 brokers.
In simple terms, if lower trading costs are your top priority, HYCM has the edge over eToro. If you care more about copy trading and platform features, eToro may still be the better fit despite its higher spreads. VIP-style perks are available at eToro through its Club program, with benefits that increase as account balances rise.
| Feature |
eToro
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $20 |
| Average spread (EUR/USD) - Spread-only account | 1 | 1.3 |
| All-in Cost EUR/USD - Raw spread account | 1 | 0.6 |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to range of investments, eToro offers a wider selection than HYCM (Henyep Capital Markets). eToro provides access to 7,441 tradeable symbols and 65 forex pairs, while HYCM offers 1,199 tradeable symbols and 70 forex pairs. Both brokers let you trade forex as a CFD or spot contract, and both also offer exchange-traded securities on U.S. and international exchanges, so you can buy shares in companies listed in markets such as the Nasdaq and the London Stock Exchange.
eToro stands out for a few extra choices that HYCM does not match. It supports copy trading and lets clients buy actual cryptocurrency, not just crypto CFDs, which may appeal to beginners and investors who want more ways to diversify. These differences help explain why eToro is rated 5 stars and ranked #10 out of 36 brokers for Range of Investments, compared with HYCM’s 4-star rating and #28 ranking.
| Feature |
eToro
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7441 | 1199 |
| Forex Pairs (Total) | 65 | 70 |
| U.S. Stocks (Shares) | Yes | Yes |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | Yes | No |
| Cryptocurrency (CFDs) | 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 it comes to trading platforms and tools, eToro and HYCM both give beginners a chance to practice first with a free demo account, and both offer their own in-house platform plus a web-based trading experience. Each broker also lets you trade straight from a chart, which can make it easier to place trades while watching price action. eToro stands out for copy trading, allowing users to follow and mirror other traders, while HYCM does not offer this feature.
HYCM has the edge for more traditional desktop traders because it offers a Windows download platform and supports both MetaTrader 4 and MetaTrader 5, which eToro does not. eToro, however, earns a higher score overall for Trading Platforms and Tools, with 4.5 out of 5 stars and an #8 ranking out of 36 brokers, compared with HYCM’s 4 stars and #35 ranking. In short, eToro is better for social and copy trading, while HYCM may suit traders who want MetaTrader and a desktop platform.
| Feature |
eToro
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 106 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
eToro and HYCM both offer mobile trading apps for iPhone and Android, and each lets users set stock or forex price alerts. Both apps also support drawing trendlines on charts, making it easier to track price moves on the go. Where eToro stands out is in charting depth, offering 104 technical studies in its mobile app compared with HYCM’s 30. eToro also syncs watchlists between the mobile app and online account, so changes update in both places, while HYCM does not offer this feature.
There are also a few differences in the overall app experience. HYCM’s mobile app can auto-save chart drawings, while eToro’s does not. In ForexBrokers.com’s Mobile Trading Apps category, eToro is rated 4.5 out of 5 stars and ranks #10 out of 36 brokers, while HYCM is rated 4 stars and ranks #33. For traders who want stronger mobile charting and watchlist syncing, eToro has the edge; for those who mainly need the core mobile trading basics, both brokers cover the essentials.
| Feature |
eToro
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 104 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, eToro and HYCM (Henyep Capital Markets) both give traders daily market commentary, forex news from major sources like Bloomberg, Reuters, and Dow Jones, plus an economic calendar for tracking upcoming global events. That means each broker offers the basics many traders look for when following the markets day to day.
Where eToro pulls ahead is in extra research features. It offers sentiment data that shows how many traders are long or short on a pair or instrument, along with market research from TipRanks. HYCM, on the other hand, includes Trading Central tools, which eToro does not. Neither broker offers Autochartist or Acuity Trading tools. Overall, eToro is rated higher for research at 4.5 out of 5 and ranks #12 out of 36 brokers, while HYCM is rated 3.5 out of 5 and ranks #32 out of 36.
| Feature |
eToro
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central | No | Yes |
| Client sentiment data | Yes | No |
| TipRanks | Yes | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing eToro vs HYCM (Henyep Capital Markets) for beginner education, eToro comes out ahead for most learners. eToro offers forex and CFD education, monthly online client webinars, at least 10 beginner trading videos, and at least 10 advanced videos for more experienced users. It is rated 4.5 out of 5 stars for Education and ranks #3 out of 36 brokers by ForexBrokers.com in the Education category. This makes eToro a strong choice for new traders who want plenty of learning material and regular live sessions.
HYCM also gives beginners access to at least 10 beginner trading videos, and it offers forex or CFD education as well. However, it does not provide monthly educational webinars, and it does not appear to match eToro for advanced video content. HYCM is rated 3.5 out of 5 stars for Education and ranks #28 out of 36 brokers by ForexBrokers.com. For beginners comparing online broker education resources, eToro offers more ways to learn and a wider range of material overall.
| Feature |
eToro
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
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 #26.
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 | 97 | 85 |
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In the eToro vs HYCM (Henyep Capital Markets) comparison, online broker eToro lets you buy real (delivered) cryptocurrencies and trade crypto CFDs, while HYCM offers cryptocurrency CFDs only and does not support purchasing actual coins.
eToro offers broader deposit and withdrawal options—ACH/SEPA transfers, PayPal, Skrill, and bank wires—while HYCM (Henyep Capital Markets) supports Skrill and bank wire transfers but not ACH/SEPA or PayPal.
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 | 97 | 85 | |
| 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 | 97 | 85 | |
| 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 | 4 | 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 (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | |||
| 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) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | eToro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 7441 | 1199 | |
| Forex Pairs (Total) | 65 | 70 | |
| U.S. Stocks (Shares) | Yes | Yes | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | Yes | No | |
| Cryptocurrency (CFDs) | 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) - Spread-only account | 1 | 1.3 | |
| All-in Cost EUR/USD - Raw spread account | 1 | 0.6 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | Yes | |
| Order 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 | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | No |
| Trading Platforms | eToro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | eToro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 106 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 104 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - Economic Calendar | No | Yes |
| Research | eToro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central | No | Yes | |
| TipRanks | Yes | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | eToro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | eToro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| Review | eToro Review | HYCM (Henyep Capital Markets) Review |
| Overall | eToro | HYCM (Henyep Capital Markets) | |
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| Trust Score | 97 | 85 | |
| Winner | check_circle | ||
| Review | eToro Review | HYCM (Henyep Capital Markets) Review |
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