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 FOREX.com and HYCM (Henyep Capital Markets) for their commissions and fees, both brokers offer competitive options that cater to different trading needs. FOREX.com provides various account types, with the Standard account offering spreads averaging 1.4 pips for EUR/USD in the U.S., which may appeal to traders favoring market-maker execution. Their newly introduced RAW account features lower spreads but includes commissions, beneficial for active traders, particularly those handling over $2 billion monthly. For these high-volume traders, the costs become comparable to those at brokers like IC Markets and Tickmill. FOREX.com boasts a robust rating of 4.5 stars for its commissions and fees and ranks 13th out of 63 brokers in this category.
On the other hand, HYCM offers a Raw account with an all-in cost of approximately 0.6 pips for EUR/USD, including commissions. Its Classic account has a variable spread starting from 1.2 pips, while a fixed-spread account showcases a spread of 1.5 pips. HYCM matches FOREX.com's 4.5-star rating in commissions and fees and is ranked 15th out of 63 brokers. Although HYCM's pricing is competitive, its standing is slightly lower compared to FOREX.com's ranking.
In summary, both FOREX.com and HYCM present distinct advantages for different trading preferences. FOREX.com is ideal for traders looking for variety in account types and execution methods, especially those trading at high volumes. HYCM provides straightforward pricing models across its accounts, appealing to traders who prefer transparency and competitive spreads. Each broker is rated highly, yet FOREX.com's range of offerings and slight edge in ranking may make it a preferred choice for many traders.
| 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 (Henyep Capital Markets), FOREX.com stands out with a significantly larger offering of 5,500 tradeable symbols compared to HYCM's 1,199 symbols. Both brokers provide forex trading via CFDs or spot contracts, with FOREX.com offering 80 tradeable forex pairs and HYCM offering 70 pairs. While both platforms allow for trading cryptocurrency derivatives, neither supports the purchase of actual delivered cryptocurrency. However, FOREX.com does not offer exchange-traded securities on U.S. or international exchanges, unlike HYCM, which allows trading of such securities, offering options like Apple and Vodafone shares.
In terms of ratings, FOREX.com is awarded 5 stars for its range of investments, ranking #7 out of 63 brokers by ForexBrokers.com, while HYCM receives a 4-star rating and holds the #33 spot. Although both platforms lack features like copy trading, FOREX.com's extensive selection of tradeable symbols places it ahead of HYCM in the variety of investment opportunities, making it a prominent choice for investors looking for a wide range of options.
| Feature |
FOREX.com
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 1199 |
| Forex Pairs (Total) | 80 | 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 (Henyep Capital Markets), both brokers provide traders with virtual demo accounts for simulated trading, allowing users to practice without risking real money. Each broker also offers its own proprietary platform and has options for Windows-based desktop downloads and web-based trading. Additionally, both brokers feature the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, though neither supports copy trading or social trading services like DupliTrade and ZuluTrade. One differentiating factor between the two is in the area of charting tools: FOREX.com provides an impressive 239 drawing tools compared to HYCM’s 15, though the number of technical indicators offered for charting is unspecified for both brokers.
FOREX.com further enhances trading experiences by offering 20 fields for watch lists, compared to HYCM’s 7. Both platforms allow trading directly from stock charts, adding convenience for their users. These features collectively contribute to FOREX.com receiving a 5-star rating for Trading Platforms and Tools, ranking it 7th out of 63 brokers in ForexBrokers.com’s evaluation. Meanwhile, HYCM earns a respectable 4-star rating, placing it at 40th in the same category. These rankings highlight the superior range and accessibility of tools provided by FOREX.com for both novice and experienced traders alike.
| 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.
Both FOREX.com and HYCM offer convenient iPhone and Android apps for trading on the go, equipped with stock and forex price alerts. However, for those who value seamless integration between devices, FOREX.com stands out by allowing watchlist symbol syncing, ensuring your lists stay updated across platforms. Though both platforms support drawing trendlines and viewing various time frames, FOREX.com offers a more comprehensive suite of tools with 88 technical studies, compared to HYCM's 30.
Both apps allow users to create watchlists featuring real-time quotes, and they automatically save any chart drawings. FOREX.com has earned an impressive 5-star rating for its mobile app, ranking 3rd among 63 brokers according to ForexBrokers.com. In contrast, HYCM maintains a respectable 4-star rating but is positioned at 37th place. This makes FOREX.com a preferred choice for those who prioritize a more feature-packed 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 comparing the market research offerings of FOREX.com and HYCM, both platforms deliver daily market commentary and provide forex news sourced from reputable outlets like Bloomberg and Reuters. They also both utilize Trading Central's tools for technical analysis and do not incorporate Autochartist or TipRanks for additional research resources. Additionally, neither broker offers tools from Acuity Trading. However, one key difference is that FOREX.com includes a sentiment-based trading tool presenting the ratio of long or short positions across various currency pairs, which HYCM does not. Both platforms feature economic calendars to keep traders informed of global news events.
In terms of research quality, FOREX.com is rated highly with 4.5 stars, while HYCM receives a slightly lower rating of 3.5 stars. This difference in quality is reflected in their rankings, as FOREX.com secures the 9th spot out of 63 brokers in the Research category on ForexBrokers.com, whereas HYCM is ranked at 35. Such distinctions can be crucial for traders seeking comprehensive market analysis and insights to guide their trading strategies.
| 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 beginners, FOREX.com and HYCM both offer a range of materials to support new traders, but they differ in a few key areas. Both brokers provide over 10 educational pieces on forex or CFDs, including articles and videos. While FOREX.com hosts monthly online educational webinars, HYCM does not, which might make a difference for those who benefit from interactive learning sessions. However, both platforms maintain a searchable archive of past webinars, allowing users to access recorded content at their convenience.
Both FOREX.com and HYCM cater to beginners with more than 10 educational videos specifically for new traders, and they provide an investor dictionary with over 50 terms to help users familiarize themselves with trading language. For those seeking more advanced learning, FOREX.com takes the lead by offering at least 10 advanced video lessons—a resource HYCM does not match. This broader range of educational content helps FOREX.com secure a higher education rating of 4.5 stars and a competitive rank of #4 among 63 brokers on ForexBrokers.com, compared to HYCM’s 3.5 stars and #32 rank.
| 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 63 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
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 99 | 86 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | FOREX.com | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 86 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | FOREX.com | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
|
| |
| Mobile Trading Gallery (click to expand) |
|
| |
| Research Gallery (click to expand) |
|
| |
| Education Gallery (click to expand) |
|
|
| 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) | 80 | 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) | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 86 | |
| Winner | check_circle | ||
| Review | FOREX.com Review | HYCM (Henyep Capital Markets) Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill