Written by ForexBrokers.com
Is Fineco Bank better than HYCM (Henyep)? In our analysis of 23 international regulators across 62 of the best forex brokers, Fineco is considered low-risk, with an overall Trust Score of 92 out of 99. HYCM is considered average-risk, with an overall Trust Score of 86 out of 99. Learn more about Trust Score.
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0 of 5| Overall Rating | Fineco Bank | HYCM (Henyep) | |
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| Trust Score | 92 | 86 | |
| Winner | check_circle | ||
| Review | Fineco Bank Review | HYCM (Henyep) Review |
| Broker Screenshots | Fineco Bank | HYCM (Henyep) | |
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| Trading Platforms Gallery (click to expand) | |||
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| Mobile Trading Gallery (click to expand) | |||
| Education Gallery (click to expand) |
| Regulation | Fineco Bank | HYCM (Henyep) | |
|---|---|---|---|
| Trust Score | 92 | 86 | |
| Year Founded | 1999 | 1977 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| European Union Authorised (MiFID) | Yes | Yes | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 0 | 2 | |
| Tier-3 Licenses | 0 | 1 |
| Tier-1 Licenses (High Trust) | Fineco Bank | HYCM (Henyep) | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (SRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| CBI Authorised (Ireland) | No | No | |
| 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 |
| Tier-2 Licenses (Average Trust) | Fineco Bank | HYCM (Henyep) | |
|---|---|---|---|
| China (CBRC Authorised) | No | No | |
| Cyprus (CySEC Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| Russia (CBR Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| Thailand (SEC Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | Yes |
| Tier-3 Licenses (Low Trust) | Fineco Bank | HYCM (Henyep) | |
|---|---|---|---|
| Bahamas (SCB Authorised) | No | No | |
| Belize (FSC Authorised) | No | No | |
| Cayman Islands (CIMA Authorised) | No | Yes | |
| Bermuda (BMA Authorised) | No | No | |
| British Virgin Islands (FSC Authorised) | No | No | |
| Mauritius (FSC Authorised) | No | No | |
| Vanuatu (VFSC Authorised) | No | No |
| Investments | Fineco Bank | HYCM (Henyep) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 126 | 362 | |
| Forex Pairs (Total) | 54 | 70 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (CFD) | 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 Bank | HYCM (Henyep) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 0.6 | |
| All-in Cost EUR/USD - Active | N/A | 0.6 | |
| Active Trader or VIP Discounts | No | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | No | Yes |
| Funding | Fineco Bank | HYCM (Henyep) | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
| Trading Platforms | Fineco Bank | HYCM (Henyep) | |
|---|---|---|---|
| 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 | Fineco Bank | HYCM (Henyep) | |
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| 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) | N/A | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Fineco Bank | HYCM (Henyep) | |
|---|---|---|---|
| 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 | |
| Forex Calendar | Yes | Yes |
| Research | Fineco Bank | HYCM (Henyep) | |
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| 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 | |
| Economic Calendar | Yes | Yes |
| Education | Fineco Bank | HYCM (Henyep) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | Yes | |
| 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 | Fineco Bank | HYCM (Henyep) | |
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| 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 Bank Review | HYCM (Henyep) Review |
| Overall | Fineco Bank | HYCM (Henyep) | |
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| Trust Score | 92 | 86 | |
| Winner | check_circle | ||
| Review | Fineco Bank Review | HYCM (Henyep) Review |
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 Fineco Bank vs HYCM (Henyep).
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) offers better pricing overall for traders.
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Both Fineco Bank and HYCM (Henyep) hold 2 global Tier-1 licenses. HYCM (Henyep) holds 2 global Tier-2 licenses, while Fineco Bank holds 0. In our analysis of 23 international regulators across 50 brokers, Fineco Bank earned a higher Trust Score than HYCM (Henyep).
To compare the trading platforms of both Fineco Bank and HYCM (Henyep), we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Fineco Bank offers a better experience. With research, Fineco Bank offers superior market research. Finally, we found HYCM (Henyep) to provide better mobile trading apps.
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.
HYCM (Henyep) provides traders 70 currency pairs (e.g., EUR/USD) compared to Fineco Bank's 54 available pairs. Forex pairs aside, HYCM (Henyep) offers traders access to 362 CFDs while Fineco Bank has 126 available CFDs, a difference of 236.
Fineco is publicly traded and does operate a bank. Fineco is authorised by two tier-1 regulators (high trust), zero tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Fineco is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).
HYCM is not publicly traded and does operate a bank. HYCM is authorised by two tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). HYCM is authorised by the following tier-1 regulators: Securities Futures Commission (SFC) and Financial Conduct Authority (FCA).
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.
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: Fineco Bank
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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