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 the commissions and fees of FinecoBank and HYCM (Henyep Capital Markets), it's clear that transparency and pricing may take you on different experiences. FinecoBank does not provide detailed average spread data for forex and CFD trading, making it harder to gauge its precise trading costs. It lists a spread of 1 pip for EUR/USD, which is notably above average for forex brokers, although it does report a lower spread of 0.8 pips for certain trades. However, specific averages and date ranges are not specified.
HYCM, however, offers clearer information on its pricing structures. Their Raw account presents an attractive overall cost of about 0.6 pips for the EUR/USD, factoring in commission. Meanwhile, the Classic account begins with a variable spread starting from 1.2 pips, while the fixed-spread account offers a 1.5 pip spread. This variety provides options depending on the trading strategy you prefer.
In terms of ratings, FinecoBank earns 3.5 out of 5 stars for its commissions and fees, placing it at rank #51 among 63 brokers in this category according to ForexBrokers.com. In contrast, HYCM receives a rating of 4.5 stars, securing the #15 spot. The rankings highlight HYCM as a more competitively priced option for traders seeking more favorable trading costs.
| 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.
When exploring the range of investments offered by FinecoBank and HYCM, it becomes evident that both platforms have their own strengths. FinecoBank impresses with a staggering 9,770 tradeable symbols, which is significantly higher than the 1,199 symbols available on HYCM. For forex enthusiasts, while FinecoBank offers 54 forex pairs, HYCM slightly edges ahead with 70 pairs. Both brokers provide access to exchange-traded securities on U.S. and international exchanges, enabling clients to invest in big names like Apple and Vodafone. However, neither offers the option of copy trading. Additionally, when it comes to cryptocurrency, FinecoBank does not provide the ability to purchase cryptocurrencies, either directly or as derivatives, whereas HYCM allows investing in cryptocurrency derivatives.
In terms of ratings, FinecoBank is awarded 4.5 stars for its range of investments, while HYCM garners a 4-star rating. According to ForexBrokers.com, FinecoBank is ranked 16th out of 63 brokers in the range of investments category, whereas HYCM is positioned at 33rd. This assessment underlines FinecoBank's broader array of offerings, making it a compelling choice for those seeking variety in their investment opportunities.
| 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 the trading platforms and tools of FinecoBank and HYCM (Henyep Capital Markets), both brokers offer distinct advantages suited to different types of traders. FinecoBank showcases its proprietary platform, available across Windows-based desktop and web versions, providing a comprehensive trading experience. In contrast, HYCM also provides its own in-house platform with similar accessibility but notably includes popular third-party platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5), widely favored for their versatile tools and features. While both brokers lack copy trading functionality, FinecoBank stands out for its structured proprietary setup, but HYCM compensates with its diverse platform options and the capability to trade directly from stock charts.
HYCM holds a clear edge in technical offerings, with 15 drawing tools for charting compared to FinecoBank's 7. Additionally, HYCM enhances user experience with its ability to trade directly from charts and provides detailed watch lists with up to 7 fields. However, FinecoBank is rated slightly higher, ranked #18 in the Trading Platforms and Tools category by ForexBrokers.com, while HYCM sits at #40. Despite both being rated 4 stars for their platforms and tools, FinecoBank does not provide a simulated trading option, whereas HYCM supports traders with a free virtual demo account, offering an accessible starting point for beginners.
| 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 have made a mark with their mobile trading apps, available for iPhone and Android users. They provide essential features like stock or forex price alerts, ensuring that users stay updated with market changes. While both apps do not support syncing watchlist symbols between mobile and online accounts, they differ in their charting capabilities. FinecoBank's app offers six technical studies, whereas HYCM steps up with thirty, offering more sophisticated chart analysis. Furthermore, drawing trendlines is possible in the HYCM app, providing more nuanced chart evaluations for traders, a feature that is absent in the FinecoBank app.
Time versatility is a shared benefit between the two, allowing traders to switch between various timeframes such as daily or intraday. However, when it comes to other advanced mobile features, HYCM takes the lead by automatically saving drawings and enabling the creation of watchlists with real-time quotes, which FinecoBank lacks. Despite these differences, both apps receive a four-star rating in mobile trading, however, HYCM holds a slight edge with a ranking of #37 compared to FinecoBank's #42 out of 63 brokers in the Mobile Trading Apps category by ForexBrokers.com.
| 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.
FinecoBank and HYCM (Henyep Capital Markets) are both well-regarded online brokers that offer distinctive features in their market research offerings. FinecoBank delivers forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones and provides access to a detailed economic calendar showcasing global events, earning a rating of 4.0 stars for research. However, it lacks daily market commentary, and tools such as Autochartist, Trading Central, sentiment-based trading tools, and TipRanks market research. On ForexBrokers.com, FinecoBank is ranked #33 out of 63 brokers in the Research category, making it a strong choice for research-driven investors.
HYCM offers a slightly different approach by providing daily market commentary and incorporating Trading Central tools for technical analysis. Like FinecoBank, HYCM also offers forex news from elite sources and maintains an economic calendar. However, it does not use tools from Autochartist, sentiment-based trading metrics, or research from Acuity Trading and TipRanks. Despite its lower ranking of #35 on ForexBrokers.com and a research rating of 3.5 stars, HYCM's blend of features might appeal to traders looking for consistent market insights and robust analytical tools. Each broker presents unique advantages, allowing traders to choose based on their specific research preferences and analytical needs.
| 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 support for beginners, FinecoBank and HYCM (Henyep Capital Markets) offer distinct advantages. FinecoBank excels with monthly online webinars that cater to learning, providing an interactive platform for beginners to engage with key topics. However, for those who prefer accessing content at their own pace, it's important to note that FinecoBank doesn't offer a searchable archive of these sessions. On the other hand, HYCM does provide a rich library of archived webinars which is a valuable resource for learners who appreciate flexible study schedules. Although FinecoBank offers a comprehensive array of more than ten beginner educational videos along with a well-rounded investor dictionary, matching HYCM's offerings in these areas, FinecoBank does not extend its video resources to cover advanced topics specifically for seasoned traders, a gap that HYCM similarly shares.
In terms of educational content specifically aimed at forex and CFD trading, HYCM distinguishes itself by providing over ten educational pieces such as articles and videos focused on these areas, whereas FinecoBank does not. This extensive selection contributes to a more thorough initial learning experience for budding forex or CFD traders. Despite these differences, FinecoBank carries a higher educational rating of 4.0 stars compared to HYCM's 3.5 stars, reflecting its strengths in certain areas such as its beginner-friendly video collection and investor dictionary. Interestingly, HYCM sits higher in the overall educational ranking at #32 out of 63 brokers, indicating a strong performance among its peers despite FinecoBank's higher individual rating. This underscores the importance of considering both the breadth of resources and specialized offerings when choosing the right broker for educational needs.
| 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 63 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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