Written by ForexBrokers.com
In this head to head comparison of FinecoBank 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.
FinecoBank and HYCM (Henyep Capital Markets) are distinguished online brokers each with unique attributes that cater to different types of investors. FinecoBank, established in 1999 and publicly traded, also operates as a bank and holds two Tier-1 licenses. It boasts an impressive Trust Score of 94 out of 99, reflecting its high level of security and trustworthiness. This broker is particularly attractive to those seeking the reliability associated with a well-regulated financial institution.
On the other hand, HYCM, founded in 1977, is not publicly traded nor operates as a bank, yet it holds its ground with two Tier-1 and one Tier-2 licenses, underlining its commitment to maintaining a trusted service with a Trust Score of 86. While it may not offer the same trust level as FinecoBank, HYCM remains a steadfast choice for traders who prioritize a blend of established history and regulatory compliance. Together, these qualities reinforce both brokers as viable options, but with differing levels of transparency and institutional backing.
| Feature |
FinecoBank
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 1999 | 1977 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing FinecoBank and HYCM for their commissions and fees, FinecoBank presents some challenges due to lack of transparency. It doesn't publish average spread data for forex and CFD trading, which can make it hard to determine the true trading costs. FinecoBank lists a spread of 1 pip for the EUR/USD, which is higher than typical forex broker spreads, and also lists a spread of 0.8 pips, although these figures aren't marked as average values. However, Fineco does seem to offer more competitive spreads on index CFDs.
In contrast, HYCM (Henyep Capital Markets) provides more clarity with three account options. The Raw account is particularly cost-effective, with a combined cost of about 0.6 pips for the EUR/USD after commissions. The Classic account, with its variable spread beginning at 1.2 pips, is pricier. HYCM also has a fixed-spread account at 1.5 pips, offering different spread types based on trading preferences.
Regarding ratings and rankings, FinecoBank scores 3.5 out of 5 stars and ranks 50th among 62 brokers according to ForexBrokers.com for commissions and fees. Meanwhile, HYCM receives a higher rating of 4.5 stars and is ranked 15th, reflecting more competitive and transparent pricing structures overall.
| Feature |
FinecoBank
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $0 | $20 |
| Average Spread EUR/USD - Standard | N/A | 1.2 |
| All-in Cost EUR/USD - Active | N/A | 0.6 |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FinecoBank and HYCM (Henyep Capital Markets) are two online brokers offering a range of investment options, each catering to different investor needs. FinecoBank boasts an impressive 9,770 tradeable symbols, significantly outpacing HYCM’s lineup of 1,199 symbols. For those focusing on forex trading, FinecoBank provides 54 forex pairs, while HYCM offers a broader selection with 70 pairs. Both brokers excel in offering exchange-traded securities on U.S. and international exchanges, allowing clients to purchase well-known company shares like Apple and Vodafone directly. However, neither FinecoBank nor HYCM offers copy trading or access to actual cryptocurrency purchases, though HYCM allows trading in cryptocurrency derivatives, a feature FinecoBank doesn't support.
When it comes to ratings, FinecoBank shines with a 4.5-star rating and holds a notable position, ranked #16 out of 62 brokers by ForexBrokers.com for its range of investments. In comparison, HYCM receives a 4-star rating and is ranked #33. This highlights FinecoBank’s superior breadth in investment options, making it a compelling choice for those seeking a wide array of trading instruments. Nevertheless, investors who prioritize forex trading and are interested in cryptocurrency derivatives might find HYCM's offerings more aligned with their trading strategy.
| Feature |
FinecoBank
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 1199 |
| Forex Pairs (Total) | 54 | 70 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | No | 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 FinecoBank and HYCM (Henyep Capital Markets) for their trading platforms and tools, there are several distinct features to consider. FinecoBank offers a proprietary trading platform developed in-house, equipped with a Windows-based desktop download and web-based trading options. However, it does not support popular trading software like MetaTrader 4 (MT4) or MetaTrader 5 (MT5), nor does it provide simulated trading such as a free virtual demo account. FinecoBank lacks copy trading and trading directly from stock charts, and it includes seven drawing tools for charting. Despite these limitations, FinecoBank scores an overall four-star rating for its trading platforms and tools, ranked 18th out of 62 brokers by ForexBrokers.com.
On the other hand, HYCM also offers an in-house proprietary platform alongside a Windows-based desktop download and web-based trading platforms. Unlike FinecoBank, HYCM includes support for both MT4 and MT5 platforms, which are popular choices among traders. HYCM distinguishes itself further by offering simulated trading through a free virtual demo account and the capability to trade directly from stock charts. With 15 available drawing tools for charting and seven fields for watch lists, HYCM provides a more feature-rich environment. HYCM also earns a four-star rating and is ranked 40th among 62 brokers in the Trading Platforms and Tools category on ForexBrokers.com.
| Feature |
FinecoBank
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 37 | 30 |
| Charting - Drawing Tools (Total) | 7 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | N/A | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both FinecoBank and HYCM (Henyep Capital Markets) offer mobile trading apps that cater to iPhone and Android users. These apps support stock and forex price alerts, providing users with timely updates. However, when it comes to syncing watchlists between the mobile app and online accounts, both brokers fall short. FinecoBank provides six technical studies for chart analysis, whereas HYCM offers a more extensive selection of 30 studies. Additionally, only HYCM allows traders to draw trendlines, autosave chart drawings, and create watchlists with real-time quotes, enhancing its functional edge in mobile trading features.
In terms of charting, FinecoBank supports multiple time frames but misses out on interactive features like drawing trendlines or saving them. Despite these differences, both FinecoBank and HYCM earn a respectable 4-star rating for their mobile trading apps. Nevertheless, with HYCM ranking higher at #37 compared to FinecoBank's #42 out of 62 brokers, HYCM edges out in mobile trading app preferences according to ForexBrokers.com. This comprehensive comparison highlights how both platforms serve traders on the go, with HYCM offering more advanced features to streamline your trading experience.
| Feature |
FinecoBank
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 6 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing FinecoBank and HYCM for their market research offerings, both brokers provide forex news from reputable sources like Bloomberg, Reuters, and Dow Jones, as well as economic calendars highlighting global news events. However, only HYCM extends its offering by including technical analysis tools from Trading Central, aiding traders further with technical analytics. Despite the availability of these tools, FinecoBank's research capabilities earn it a slightly higher rating of 4.0 stars compared to HYCM’s 3.5 stars.
In terms of daily market commentary, HYCM holds the advantage by offering this service, while FinecoBank does not. Both brokers lack sentiment-based trading tools and additional research from companies like Autochartist, Acuity Trading, and TipRanks, resulting in a more rudimentary set of research tools. Based on ForexBrokers.com rankings, FinecoBank is slotted slightly ahead at #33, while HYCM comes close behind at #35 in the Research category among 62 brokers, highlighting that while both have commendable offerings, FinecoBank has a marginal upper edge in research functionality.
| Feature |
FinecoBank
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | 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, FinecoBank and HYCM both offer unique strengths. FinecoBank gives users access to monthly online webinars, providing a dynamic way to learn trading techniques directly from experts. Additionally, FinecoBank caters to beginners by offering at least ten specifically designed educational videos, making it easier for newcomers to grasp trading concepts. They also provide an investor dictionary with over 50 investing terms, perfect for those new to the finance world. Despite these offerings, FinecoBank lacks a comprehensive collection of educational materials focusing on forex or CFDs, which some beginners might find limiting in their learning journey.
On the other hand, HYCM excels by offering a broad selection of educational pieces focused on forex and CFDs, with more than ten available materials. This is beneficial for those looking to deepen their understanding of these areas. While HYCM lacks regular educational webinars, they compensate by providing a searchable archive of past recorded webinars. This means beginners can explore topics at their own pace, on their schedule. Both FinecoBank and HYCM present valuable educational materials, but each has its own focus areas, making them suitable for different learning preferences. Despite ranking lower overall, FinecoBank holds a slightly higher rating of 4.0 stars for education, compared to HYCM’s 3.5 stars.
| Feature |
FinecoBank
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | 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 FinecoBank is better than HYCM (Henyep Capital Markets). FinecoBank finished with an overall rank of #25, while HYCM (Henyep Capital Markets) finished with an overall rank of #29.
FinecoBank is a trusted multi-asset broker offering forex and CFDs across its brands regulated in the U.K. and Italy. However, unless you visit a physical branch as a citizen of the EU – or you are a resident of Italy or the U.K. – you will not be permitted to open an online account with FinecoBank.
| Feature |
FinecoBank
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HYCM (Henyep Capital Markets)
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|---|---|---|
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| Trust Score | 94 | 86 |
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While FinecoBank does not offer the option to purchase actual or derivative cryptocurrency assets, HYCM (Henyep Capital Markets) provides the ability to trade in cryptocurrency derivatives, although not the actual cryptocurrencies themselves.
FinecoBank and HYCM both support bank wire transfers for depositing and withdrawing funds, with FinecoBank additionally offering ACH and SEPA transfers while HYCM provides more flexible options like Skrill and credit card transactions through Visa or Mastercard, yet neither support 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 | FinecoBank | HYCM (Henyep Capital Markets) | |
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| Trust Score | 94 | 86 | |
| Winner | check_circle | ||
| Review | FinecoBank Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | FinecoBank | HYCM (Henyep Capital Markets) | |
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| Regulation | FinecoBank | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trust Score | 94 | 86 | |
| Year Founded | 1999 | 1977 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | FinecoBank | 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) | FinecoBank | 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 | FinecoBank | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 1199 | |
| Forex Pairs (Total) | 54 | 70 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | No | 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 | FinecoBank | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.2 | |
| All-in Cost EUR/USD - Active | N/A | 0.6 | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | No | Yes |
| Funding | FinecoBank | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | $0 | $20 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FinecoBank | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FinecoBank | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | N/A | 7 | |
| Charting - Indicators / Studies (Total) | 37 | 30 | |
| Charting - Drawing Tools (Total) | 7 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FinecoBank | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 6 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FinecoBank | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | FinecoBank | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FinecoBank | 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 | FinecoBank Review | HYCM (Henyep Capital Markets) Review |
| Overall | FinecoBank | HYCM (Henyep Capital Markets) | |
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| Trust Score | 94 | 86 | |
| Winner | check_circle | ||
| Review | FinecoBank Review | HYCM (Henyep Capital Markets) Review |
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