Written by ForexBrokers.com
In this head to head comparison of Fineco 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.
Fineco, established in 1999, is a publicly traded bank that enjoys a high level of trust in the online brokerage arena. It holds a perfect pair of Tier-1 licenses, reflecting a strong reputation for security and compliance. With a ForexBrokers.com Trust Score of 94 out of 99, Fineco is considered highly trustworthy, presenting an enticing option for those prioritizing safety in their trading ventures.
On the other hand, HYCM (Henyep Capital Markets), with a foundation year of 1977, is a non-publicly traded online broker. Unlike Fineco, HYCM is not a bank but holds two Tier-1 licenses and one Tier-2 license. It boasts a Trust Score of 86, positioning it as a trusted choice among traders. Despite differing in structure and regulatory standing, both Fineco and HYCM have crafted credible profiles in the trading world.
| Feature |
Fineco
|
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 |
Comparing Fineco and HYCM on commissions and fees, HYCM comes out clearer and typically cheaper for forex. Fineco does not publish average spread data for forex and CFDs, listing EUR/USD at 1.0 pip and sometimes 0.8 pips without dates or averages, which makes true trading costs hard to verify. Fineco does appear to offer lower pricing on some index CFDs, but its EUR/USD spread looks higher than what many forex brokers offer.
HYCM discloses pricing by account type: the Raw account delivers an all-in cost around 0.6 pips on EUR/USD after commission, the Classic account has variable spreads starting from 1.2 pips, and the fixed-spread account is 1.5 pips. This cost structure helps HYCM earn 4.5/5 stars and a #16 of 63 ranking for Commissions and Fees at ForexBrokers.com.
Fineco’s lack of average spread data and its listed EUR/USD spreads lead to a more average score of 3.5/5 stars and a #52 of 63 ranking for Commissions and Fees. If tight, transparent forex pricing is your priority, HYCM’s Raw account is likely the better value, whereas Fineco could be considered if you focus more on index CFDs and other platform factors.
| Feature |
Fineco
|
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 [DELETED] | ||
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) [DELETED] | ||
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Fineco and HYCM (Henyep Capital Markets) both let you trade forex as a CFD (contract for difference) or spot. Fineco stands out for breadth with 9,770 tradeable symbols, while HYCM lists 1,199. When it comes to currency choice, HYCM offers more forex pairs (70) than Fineco (54). Both brokers also let you buy exchange-traded securities (not CFDs) on U.S. markets like Apple (NASDAQ: AAPL) and on international exchanges such as London-listed Vodafone.
Neither broker provides copy trading, and neither supports buying actual cryptocurrency. HYCM does offer crypto derivatives, while Fineco does not. For Range of Investments, ForexBrokers.com rates Fineco at 4.5 stars (ranked #17 of 63) and HYCM at 4 stars (ranked #34 of 63). In short, choose Fineco if you want a wider overall selection of markets, or HYCM if you prioritize more forex pairs and access to crypto derivatives.
| Feature |
Fineco
|
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.
Fineco and HYCM (Henyep Capital Markets) both provide proprietary trading platforms that run on Windows desktop and in a web browser, and neither supports copy trading. Key differences: HYCM offers simulated (paper) trading with a free demo account, while Fineco does not. HYCM also supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5) and allows trading directly from charts; Fineco does not offer MT4/MT5 and does not enable chart trading.
Both brokers earn 4 stars for Trading Platforms and Tools from ForexBrokers.com, but their rankings differ: Fineco is #18 of 63, while HYCM is #41. Choose HYCM if you want MT4/MT5, chart trading, and a demo account to practice. Pick Fineco if you’re ready to trade live and prefer an in-house platform available on desktop and web.
| Feature |
Fineco
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Desktop Trading 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 [DELETED] | ||
| ZuluTrade [DELETED] | ||
| Charting - Indicators / Studies (Total) | 37 | 30 |
| Charting - Drawing Tools (Total) [DELETED] | ||
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields [DELETED] |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Fineco and HYCM (Henyep Capital Markets) both offer mobile trading apps for iPhone and Android, along with price alerts to help you stay on top of the market. Neither app currently syncs watchlist symbols between mobile and the web. Based on the data provided, support for viewing multiple chart time frames isn’t specified for either broker.
HYCM stands out for charting: it includes 30 technical studies, lets you draw trendlines, auto-saves drawings, and supports real-time quote watchlists. Fineco’s app offers 6 technical studies and does not include trendline drawing, auto-saving of drawings, or real-time quote watchlists. Both apps earn 4 out of 5 stars for mobile trading. In ForexBrokers.com’s Mobile Trading Apps rankings out of 63 brokers, HYCM places #38 while Fineco comes in at #43.
| Feature |
Fineco
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 6 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | ||
| Mobile Charting - Trendlines Autosave | No | Yes |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
Fineco vs HYCM (Henyep Capital Markets) for market research: both brokers stream forex news from top-tier outlets like Bloomberg, Reuters, or Dow Jones and include an economic calendar. HYCM stands out by offering daily market commentary and Trading Central research, while Fineco does not provide daily commentary and does not offer Trading Central. Neither broker includes Autochartist tools or a sentiment gauge showing long/short ratios. HYCM does not provide TipRanks or Acuity Trading tools; Fineco’s support for those providers isn’t specified.
In terms of scores, Fineco earns 4.0/5 for research and ranks 34th out of 63 brokers at ForexBrokers.com, edging HYCM’s 3.5/5 and 36th place. Choose HYCM if you want daily commentary and Trading Central ideas built in; choose Fineco if you want slightly higher-rated research with premium news coverage and an easy-to-use calendar, and you don’t need Trading Central or sentiment tools.
| Feature |
Fineco
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | Yes |
| Client sentiment data | No | No |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Fineco and HYCM (Henyep Capital Markets) both give beginners an easy way to start learning. Each broker offers at least 10 beginner-focused trading videos, though neither reaches 10 advanced videos for experienced traders. Fineco also runs client education webinars at least once per month, which is helpful if you prefer live, guided sessions; HYCM does not currently offer monthly client webinars. It isn’t specified whether either broker keeps a searchable archive of recorded webinars, nor whether they provide a dedicated forex/CFD education collection of 10+ pieces or an investor dictionary with 50+ terms.
Based on ForexBrokers.com, Fineco is rated 4.0 stars for Education and ranks 49th out of 63 brokers, while HYCM is rated 3.5 stars and ranks 32nd out of 63. If live learning is important, Fineco’s regular webinars are a clear advantage. If you’re mainly after beginner videos, both platforms deliver; details about larger forex and CFD libraries and any investor dictionary are not confirmed.
| Feature |
Fineco
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Education (Forex or CFDs) | ||
| Webinars | Yes | No |
| Client Webinars (Archived) [DELETED] | ||
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) [DELETED] |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Fineco is better than HYCM (Henyep Capital Markets). Fineco 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 |
Fineco
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HYCM (Henyep Capital Markets)
|
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| Trust Score | 94 | 86 |
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While Fineco does not provide the option to buy actual delivered cryptocurrency or cryptocurrency derivatives, HYCM (Henyep Capital Markets) offers the ability to purchase cryptocurrency derivatives, though it does not facilitate the buying of actual delivered cryptocurrency.
Comparing deposit and withdrawal options, Fineco supports ACH/SEPA and bank wires (no PayPal or Skrill), while HYCM (Henyep Capital Markets) supports Skrill and bank wires (no PayPal or ACH/SEPA); Visa/Mastercard availability is not specified for either broker.
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 | Fineco | HYCM (Henyep Capital Markets) | |
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| Trust Score | 94 | 86 | |
| Winner | check_circle | ||
| Review | Fineco Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | Fineco | HYCM (Henyep Capital Markets) | |
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| Regulation | Fineco | 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) | Fineco | 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) | |||
| 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) | Fineco | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Fineco | 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 | Fineco | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.2 | |
| All-in Cost EUR/USD - Active | N/A | 0.6 | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | No | Yes |
| Funding | Fineco | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | $0 | $20 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | Fineco | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Desktop Trading 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 |
| Trading Tools | Fineco | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Price Alerts | No | Yes | |
| Charting - Indicators / Studies (Total) | 37 | 30 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Fineco | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 6 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Fineco | 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 | ||
| Client sentiment data | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Fineco | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | Fineco | 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 | Fineco Review | HYCM (Henyep Capital Markets) Review |
| Overall | Fineco | HYCM (Henyep Capital Markets) | |
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| Trust Score | 94 | 86 | |
| Winner | check_circle | ||
| Review | Fineco Review | HYCM (Henyep Capital Markets) Review |
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