Written by ForexBrokers.com
In this head to head comparison of FOREX.com 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.
When comparing the online brokers FOREX.com and HYCM, it is essential to examine their regulatory details and trust ratings. FOREX.com, established in 1999, is a publicly traded company with a ForexBrokers.com Trust Score of 99 out of 99, indicating it is a highly trusted broker. It holds seven Tier-1 licenses, marking it as a reliable option for traders seeking a secure platform. Although not a bank, its presence on the stock exchange adds an extra layer of transparency, which can be attractive for investors and traders prioritizing credibility and accessibility.
On the other hand, HYCM, founded in 1977, is not publicly traded but has secured a trust score of 86, reflecting its status as a trusted broker, albeit slightly below FOREX.com. HYCM holds two Tier-1 licenses and one Tier-2 license, which confirms that it meets the standards for trust and safety expected by traders. Though both brokers are trustworthy, the additional Tier-1 licenses and the public trading status give FOREX.com an edge for those seeking higher reassurance in their trading partner.
| Feature |
FOREX.com
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 1999 | 1977 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing the commissions and fees between FOREX.com and HYCM (Henyep Capital Markets), traders will find various offerings to suit different trading needs. FOREX.com, ranked #13 out of 62 brokers for commissions and fees by ForexBrokers.com, has a versatile structure with several account types. Although slightly above the industry average for costs, the Raw account offers competitive spreads, averaging 0.13 pips for the EUR/USD in February 2024, though it comes with a commission of $7 per Standard lot for the lowest tier. Meanwhile, the Standard account’s spreads average 1.4 pips but provides the benefit of market-maker execution, making it less appealing in terms of cost-effectiveness except for those seeking this type of execution method.
HYCM, ranked #15, also garners a 4.5-star rating for its competitive pricing strategy. Its Raw account features an all-in cost around 0.6 pips for the EUR/USD, which is favorable for traders seeking low commissions. The Classic account, however, starts with a more variable spread at 1.2 pips, while the fixed-spread account presents a spread of 1.5 pips. This tiered approach offers flexibility depending on your trading style and volume, yet may not cater well to those looking for ultra-low spreads without commission.
Both brokers stand on equal footing with a 4.5-star rating for their commissions and fees. FOREX.com seems better suited for traders outside the U.S. who can benefit from lower spreads, though both brokers accommodate varying trading needs. Selecting between FOREX.com and HYCM will largely depend on your trading frequency and preference for commission-based or spread-inclusive pricing structures.
| Feature |
FOREX.com
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $100 | $20 |
| Average Spread EUR/USD - Standard | 1.4 | 1.2 |
| All-in Cost EUR/USD - Active | 0.9 | 0.6 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments between FOREX.com and HYCM, both platforms allow trading forex as CFDs or spot contracts. FOREX.com stands out with a large array of 5,500 tradeable symbols, including an impressive 91 forex pairs, which earns it a 5-star rating and a strong #7 rank out of 62 brokers on ForexBrokers.com for its range of investments. In contrast, HYCM provides 1,199 tradeable symbols and 70 forex pairs, which gives it a slightly lower rank and a 4-star rating in the same category.
Furthermore, HYCM takes an edge in offering exchange-traded securities from both U.S. and international markets, enabling investors to own shares like those of Apple and Vodafone—an option unavailable with FOREX.com, which does not offer any exchange-traded securities. Both brokers, however, refrain from enabling clients to purchase actual cryptocurrencies but offer cryptocurrency derivatives. Neither supports copy trading, reinforcing the focus of these platforms on particular asset classes within their investment offerings.
| Feature |
FOREX.com
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 1199 |
| Forex Pairs (Total) | 91 | 70 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | No | No |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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 comparing the trading platforms and tools offered by FOREX.com and HYCM, both brokers provide comprehensive solutions to suit different trading needs. They each offer proprietary platforms, compatible with Windows-based desktop systems, and accessible via web browsers. Moreover, both brokers support MetaTrader 4 and MetaTrader 5, enhancing the flexibility and choice for traders. While neither broker supports copy trading or third-party services like DupliTrade and ZuluTrade, they both enable trading directly from stock charts. Demo accounts for simulated trading are available at both FOREX.com and HYCM, allowing traders to practice without financial risk.
Despite these similarities, FOREX.com holds a notable advantage with a significantly higher rating of 5 stars for its Trading Platforms and Tools compared to HYCM's 4 stars. The difference is further emphasized in their rankings among 62 brokers, with FOREX.com securing the 7th position versus HYCM's 40th. FOREX.com also impresses with a larger variety of charting tools, offering 239 drawing tools compared to HYCM's 15. Furthermore, FOREX.com provides 20 different columns for customizing watch lists, whereas HYCM offers 7, giving FOREX.com a distinct edge in facilitating a more tailored trading experience.
| Feature |
FOREX.com
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 88 | 30 |
| Charting - Drawing Tools (Total) | 239 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 20 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of FOREX.com and HYCM (Henyep Capital Markets), both platforms provide comprehensive tools accessible on both iPhone and Android devices. Traders can enjoy features like stock and forex price alerts and the ability to draw trendlines and view multiple time frames on charts with both apps. One advantage of using FOREX.com is its ability to sync watchlist symbols between the mobile app and the user's online account, a feature that HYCM does not offer. Furthermore, FOREX.com provides 88 technical studies for charting, significantly more than the 30 offered by HYCM.
Both apps enable users to create watchlists with real-time quotes, and they ensure drawings on charts are automatically saved. However, FOREX.com leads in user satisfaction, receiving a 5-star rating and ranking #3 out of 62 brokers for its mobile trading app according to ForexBrokers.com. Conversely, HYCM holds a 4-star rating and a rank of #37 in the same category. These distinctions highlight FOREX.com's commitment to providing a rich and cohesive mobile trading experience.
| Feature |
FOREX.com
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 88 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, both FOREX.com and HYCM (Henyep Capital Markets) provide daily market commentary and offer forex news from reputable sources like Bloomberg, Reuters, and Dow Jones. They also include technical analysis tools from Trading Central, offering resources like Technical Analytics to their users. However, they do not provide tools from Autochartist or market research from TipRanks and Acuity Trading. Both brokers offer economic calendars to help traders keep track of global news events, enhancing traders' ability to make informed decisions.
Despite some similarities, FOREX.com stands out by offering a sentiment-based trading tool that displays the ratio of long or short positions, a feature HYCM lacks. This added feature may contribute to FOREX.com's higher research rating of 4.5 stars compared to HYCM's 3.5 stars. This difference is also reflected in their rankings by ForexBrokers.com, where FOREX.com ranks 9th out of 62 brokers for research, while HYCM is placed at 35th. These distinctions highlight FOREX.com as the more comprehensive choice for traders seeking advanced research tools and insights.
| Feature |
FOREX.com
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | 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 beginner traders, both FOREX.com and HYCM offer a solid array of learning materials. Each platform provides over 10 educational pieces focused on forex and CFDs, available through articles, videos, and webinars. Users will find an extensive archive of recorded webinars on both sites, ensuring they can catch up on missed sessions or deepen their understanding at their own pace. Further aiding beginners, both platforms offer at least 10 introductory videos that cover essential trading topics, making it easy for new traders to get started.
However, FOREX.com stands out with its dynamic and interactive approach to trader education. It offers monthly online webinars, allowing users to engage with content in real-time and ask questions, which is a feature HYCM does not currently provide. Furthermore, FOREX.com offers advanced videos for more seasoned traders, a resource lacking on HYCM. Both brokers provide an investor dictionary packed with over 50 key terms, supporting traders in building their financial vocabulary. Ultimately, with an education rating of 4.5 stars from ForexBrokers.com and a high rank of #4 among 62 brokers, FOREX.com clearly excels beyond its peer HYCM, which earned 3.5 stars and a rank of #32 in the same category.
| Feature |
FOREX.com
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | 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 FOREX.com is better than HYCM (Henyep Capital Markets). FOREX.com finished with an overall rank of #5, while HYCM (Henyep Capital Markets) finished with an overall rank of #29.
FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms – alongside limited access to MetaTrader.
| Feature |
FOREX.com
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HYCM (Henyep Capital Markets)
|
|---|---|---|
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| Trust Score | 99 | 86 |
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Both FOREX.com and HYCM (Henyep Capital Markets) do not offer the ability to buy actual delivered cryptocurrency, but they both provide options for purchasing cryptocurrency derivatives.
When comparing the funding and withdrawal options of online brokers FOREX.com and HYCM (Henyep Capital Markets), FOREX.com stands out by offering ACH, SEPA transfers, and PayPal, with the addition of Visa or Mastercard and bank wires, while HYCM provides Visa or Mastercard, bank wires, and supports Skrill, showcasing distinct differences in their payment options.
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 | FOREX.com | HYCM (Henyep Capital Markets) | |
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| Trust Score | 99 | 86 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | FOREX.com | HYCM (Henyep Capital Markets) | |
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| Regulation | FOREX.com | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trust Score | 99 | 86 | |
| Year Founded | 1999 | 1977 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | FOREX.com | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | FOREX.com | 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) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FOREX.com | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 1199 | |
| Forex Pairs (Total) | 91 | 70 | |
| U.S. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | No | No | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | FOREX.com | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.4 | 1.2 | |
| All-in Cost EUR/USD - Active | 0.9 | 0.6 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FOREX.com | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | $100 | $20 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FOREX.com | 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) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FOREX.com | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 20 | 7 | |
| Charting - Indicators / Studies (Total) | 88 | 30 | |
| Charting - Drawing Tools (Total) | 239 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FOREX.com | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 88 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FOREX.com | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FOREX.com | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| 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 | FOREX.com | 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 | FOREX.com Review | HYCM (Henyep Capital Markets) Review |
| Overall | FOREX.com | HYCM (Henyep Capital Markets) | |
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| Trust Score | 99 | 86 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | HYCM (Henyep Capital Markets) Review |
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