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.
Regulation
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
info
|
1999
|
1977
|
Publicly Traded (Listed)
info
|
Yes
|
No
|
Bank
info
|
No
|
No
|
Tier-1 Licenses
info
|
7
|
2
|
Tier-2 Licenses
info
|
1
|
1
|
Tier-3 Licenses
info
|
0
|
0
|
Tier-4 Licenses
info
|
1
|
1
|
Fees
Comparing commissions and fees, both FOREX.com and HYCM (Henyep Capital Markets) score 4.5 out of 5 stars. In ForexBrokers.com’s Commissions and Fees category, FOREX.com ranks #14 of 63, while HYCM ranks #16. Each broker offers multiple account types, and your total trading cost depends on the account you choose and, for FOREX.com, your region and monthly volume.
FOREX.com’s Standard account averages about 1.4 pips on EUR/USD in the U.S., while markets outside the U.S. averaged 0.74 pips in July 2023. Its RAW account posts typical EUR/USD spreads near 0.13 pips plus a $7 per standard lot commission ($3.50 per side), putting the all‑in cost around 0.83 pips at the base tier. Active‑trader rebates of $2–$9 per million can lower costs further, and very high‑volume traders (over $2 billion per month) can reach pricing comparable to leading low‑cost peers. For many U.S. traders under $50 million in monthly volume, the RAW account’s all‑in cost can end up close to the Standard account, with the main differences being execution and platform options.
HYCM’s Raw account is sharp on pricing with an all‑in cost around 0.6 pips for EUR/USD after commission. Its Classic account starts from 1.2 pips (variable), and the Fixed account is 1.5 pips. Bottom line: at typical volumes, HYCM’s Raw account is usually cheaper than FOREX.com’s base‑tier RAW pricing in the U.S., while HYCM’s Classic also undercuts FOREX.com’s U.S. Standard spread. Outside the U.S., FOREX.com’s averages can be more competitive, and high‑volume traders may find FOREX.com’s rebates narrow or erase the gap.
Feature |
FOREX.com
|
HYCM (Henyep Capital Markets)
|
Minimum Deposit
info
|
$100
|
$20
|
Average Spread EUR/USD - Standard
info
|
1.4
info |
1.2
info |
All-in Cost EUR/USD - Active
info
|
0.9
info |
0.6
info |
Active Trader or VIP Discounts
info
|
Yes
|
Yes
|
ACH or SEPA Transfers
info
|
Yes
|
No
|
PayPal (Deposit/Withdraw)
info
|
Yes
|
No
|
Skrill (Deposit/Withdraw)
info
|
No
|
Yes
|
Visa/Mastercard (Credit/Debit)
info
|
Yes
|
Yes
|
Bank Wire (Deposit/Withdraw)
info
|
Yes
|
Yes
|
Dive deeper: Best Low Spread Forex Brokers.
Range of investments
When comparing the range of investments, FOREX.com offers a wider selection of markets than HYCM (Henyep Capital Markets). FOREX.com lists about 5,500 tradeable symbols and 80 forex pairs, while HYCM provides roughly 1,199 symbols and 70 currency pairs. Both brokers support forex trading as CFDs or spot contracts and both offer cryptocurrency derivatives but not actual, delivered crypto. Copy trading is not available at either firm. Reflecting its broader market coverage, FOREX.com holds a 5-star rating and ranks #7 out of 63 brokers for Range of Investments, whereas HYCM is rated 4 stars and ranks #34.
A key difference is access to real shares: HYCM lets clients buy exchange-traded securities on both U.S. and international exchanges, while FOREX.com does not offer real stock trading (its shares are via CFDs only). Choose FOREX.com if you want a larger menu of CFD markets and more forex pairs; choose HYCM if owning actual stocks on U.S. and global exchanges matters to you while still having access to CFDs and crypto derivatives.
Feature |
FOREX.com
|
HYCM (Henyep Capital Markets)
|
Forex Trading (Spot or CFDs)
info
|
Yes
|
Yes
|
Tradeable Symbols (Total)
info
|
5500
|
1199
|
Forex Pairs (Total)
info
|
80
|
70
|
U.S. Stock Trading (Non CFD)
info
|
No
|
Yes
|
Int'l Stock Trading (Non CFD)
info
|
No
|
Yes
|
Social Trading / Copy Trading
info
|
No
|
No
|
Cryptocurrency (Physical)
info
|
No
|
No
|
Cryptocurrency (Derivative)
info
|
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.
Trading platforms and tools
FOREX.com and HYCM both check the essentials for platform access and practice trading: each offers a free demo account, a proprietary platform, and support for MetaTrader 4 (MT4) and MetaTrader 5 (MT5). You can trade from a Windows desktop download or a web-based platform with either broker. Copy trading isn’t available at either, and neither integrates DupliTrade or ZuluTrade. Both also let you place trades directly from charts.
Where they differ is in platform depth and customization. FOREX.com offers far more charting flexibility, with 239 drawing tools versus HYCM’s 15, and more detailed watchlists (20 fields versus 7). These strengths are reflected in industry reviews: FOREX.com is rated 5 stars for Trading Platforms and Tools and ranks #7 out of 63 brokers at ForexBrokers.com, while HYCM holds 4 stars and ranks #41. If specific indicator sets are important to you, try each broker’s free demo to see which platform’s tools fit your trading style.
Feature |
FOREX.com
|
HYCM (Henyep Capital Markets)
|
Virtual Trading (Demo)
info
|
Yes
|
Yes
|
Proprietary Platform
info
|
Yes
|
Yes
|
Desktop Platform (Windows)
info
|
Yes
|
Yes
|
Web Platform
info
|
Yes
|
Yes
|
Social Trading / Copy Trading
info
|
No
|
No
|
MetaTrader 4 (MT4)
info
|
Yes
|
Yes
|
MetaTrader 5 (MT5)
info
|
Yes
|
Yes
|
DupliTrade
info
|
No
|
No
|
ZuluTrade
info
|
No
|
No
|
Charting - Indicators / Studies (Total)
info
|
88
|
30
|
Charting - Drawing Tools (Total)
info
|
239
|
15
|
Charting - Trade From Chart
info
|
Yes
|
Yes
|
Watchlists - Total Fields
info
|
20
|
7
|
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Forex trading apps
Both FOREX.com and HYCM offer full-featured mobile trading apps for iPhone and Android. Each app supports price alerts, trendline drawing, multiple time frames (daily, weekly, intraday), auto-saving of chart drawings, and watchlists with real-time quotes—so you can track markets and act quickly from your phone.
The key differences show up in charting depth and syncing. FOREX.com provides 88 technical studies and syncs watchlists with your online account, while HYCM includes 30 technical studies and does not sync watchlists. Reflecting this gap, ForexBrokers.com rates FOREX.com’s mobile app 5 stars and ranks it #3 out of 63 brokers, versus HYCM’s 4-star rating and #38 ranking. If you want more indicators and seamless watchlist syncing, FOREX.com stands out; if you only need the essentials, HYCM gets the job done.
Feature |
FOREX.com
|
HYCM (Henyep Capital Markets)
|
Android App
info
|
Yes
|
Yes
|
Apple iOS App
info
|
Yes
|
Yes
|
Mobile Alerts - Basic Fields
info
|
Yes
|
Yes
|
Watchlist Syncing
info
|
Yes
|
No
|
Mobile Charting - Indicators / Studies
info
|
88
|
30
|
Mobile Charting - Draw Trendlines
info
|
Yes
|
Yes
|
Mobile Charting - Multiple Time Frames
info
|
Yes
|
Yes
|
Mobile Charting - Drawings Autosave
info
|
Yes
|
Yes
|
Mobile Watchlist
info
|
Yes
|
Yes
|
Dive deeper: Best Forex Trading Apps.
Market research
FOREX.com and HYCM (Henyep Capital Markets) both deliver daily market commentary and forex news from top-tier sources such as Bloomberg, Reuters, or Dow Jones. Each broker includes Trading Central research for technical and fundamental insights and an economic calendar to track global events. Neither platform offers Autochartist, TipRanks, or tools from Acuity Trading.
FOREX.com stands out with a sentiment trading tool that shows long/short positioning across instruments, which HYCM does not provide. That edge aligns with independent scores: ForexBrokers.com rates FOREX.com 4.5/5 for Research and ranks it 9th out of 63 brokers, while HYCM earns 3.5/5 and ranks 36th. If sentiment data is important to your strategy, FOREX.com is the stronger pick; if you mainly want commentary, top-tier news, Trading Central, and an economic calendar, both brokers cover those needs.
Feature |
FOREX.com
|
HYCM (Henyep Capital Markets)
|
Daily Market Commentary
info
|
Yes
|
Yes
|
Forex News (Top-Tier Sources)
info
|
Yes
|
Yes
|
Autochartist
info
|
No
|
No
|
Trading Central (Recognia)
info
|
Yes
|
Yes
|
Social Sentiment - Currency Pairs
info
|
Yes
|
No
|
TipRanks
info
|
No
|
No
|
Signal Centre (Acuity Trading)
info
|
No
|
No
|
Economic Calendar
info
|
Yes
|
Yes
|
Dive deeper: Best Brokers for Forex Research.
Beginners and education
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)
info
|
Yes
|
Yes
|
Client Webinars
info
|
Yes
|
No
|
Client Webinars (Archived)
info
|
Yes
|
Yes
|
Videos - Beginner Trading Videos
info
|
Yes
|
Yes
|
Videos - Advanced Trading Videos
info
|
Yes
|
No
|
Investor Dictionary (Glossary)
info
|
Yes
|
Yes
|
Dive deeper: Best Forex Brokers for Beginners.
Winner
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.
FAQs
Can you trade cryptocurrency with FOREX.com or HYCM (Henyep Capital Markets)?
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.
What funding options does each broker offer?
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.
announcementPlease 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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Overall Rating
|
FOREX.com |
HYCM (Henyep Capital Markets) |
|
Overall Rating info
|
|
|
|
Commissions & Fees |
|
|
|
Range of Investments |
|
|
|
Platforms & Tools |
|
|
|
Mobile Trading |
|
|
|
Research |
|
|
|
Education |
|
|
|
Trust Score info
|
99
|
86
|
|
Winner |
check_circle
|
|
|
Review |
FOREX.com Review
|
HYCM (Henyep Capital Markets) Review
|
|
Broker Screenshots
|
FOREX.com |
HYCM (Henyep Capital Markets) |
|
Broker Gallery (click to expand) info
|
|
|
|
Regulation
|
FOREX.com |
HYCM (Henyep Capital Markets) |
|
Trust Score info
|
99
|
86
|
|
Year Founded info
|
1999
|
1977
|
|
Publicly Traded (Listed) info
|
Yes
|
No
|
|
Bank info
|
No
|
No
|
|
Regulated in one or more EU or EEA countries (MiFID). info
|
Yes
info
|
No
info
|
|
Tier-1 Licenses info
|
7
|
2
|
|
Tier-2 Licenses info
|
1
|
1
|
|
Tier-3 Licenses info
|
0
|
0
|
|
Tier-4 Licenses info
|
1
|
1
|
|
Tier-1 Licenses (Highly Trusted)
|
FOREX.com |
HYCM (Henyep Capital Markets) |
|
Australia (ASIC Authorised) info
|
Yes
|
No
|
|
Canada (CIRO Authorised) info
|
Yes
|
No
|
|
Hong Kong (SFC Authorised) info
|
No
|
Yes
|
|
Japan (SFC Authorised) info
|
Yes
|
No
|
|
Singapore (MAS Authorised) info
|
Yes
|
No
|
|
Switzerland (FINMA Authorised) info
|
No
|
|
|
United Kingdom (U.K.) (FCA Authorised) info
|
Yes
|
Yes
|
|
USA (CFTC Authorized) info
|
Yes
|
No
|
|
New Zealand (FMA Authorised) info
|
No
|
No
|
|
Regulated in one or more EU or EEA countries (MiFID). info
|
Yes
info
|
No
info
|
|
Tier-2 Licenses (Trusted)
|
FOREX.com |
HYCM (Henyep Capital Markets) |
|
Kenya (CMA Authorised) info
|
No
|
|
|
Israel (ISA Authorised) info
|
No
|
No
|
|
South Africa (FSCA Authorised) info
|
No
|
No
|
|
UAE (DFSA/Central Bank Authorised) info
|
Yes
|
Yes
|
|
India (SEBI Authorised) info
|
No
|
No
|
|
Jordan (JSC Authorised) info
|
No
|
|
|
Investments
|
FOREX.com |
HYCM (Henyep Capital Markets) |
|
Forex Trading (Spot or CFDs) info
|
Yes
|
Yes
|
|
Tradeable Symbols (Total) info
|
5500
|
1199
|
|
Forex Pairs (Total) info
|
80
|
70
|
|
U.S. Stock Trading (Non CFD) info
|
No
|
Yes
|
|
Int'l Stock Trading (Non CFD) info
|
No
|
Yes
|
|
Social Trading / Copy Trading info
|
No
|
No
|
|
Cryptocurrency (Physical) info
|
No
|
No
|
|
Cryptocurrency (Derivative) info
|
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 info
|
1.4
info
|
1.2
info
|
|
All-in Cost EUR/USD - Active info
|
0.9
info
|
0.6
info
|
|
Active Trader or VIP Discounts info
|
Yes
|
Yes
|
|
Inactivity Fee info
|
Yes
|
No
|
|
Execution: Agency Broker info
|
No
|
Yes
|
|
Execution: Market Maker info
|
Yes
|
Yes
|
|
Funding
|
FOREX.com |
HYCM (Henyep Capital Markets) |
|
Minimum Deposit info
|
$100
|
$20
|
|
PayPal (Deposit/Withdraw) info
|
Yes
|
No
|
|
Skrill (Deposit/Withdraw) info
|
No
|
Yes
|
|
Visa/Mastercard (Credit/Debit) info
|
Yes
|
Yes
|
|
Bank Wire (Deposit/Withdraw) info
|
Yes
|
Yes
|
|
ACH or SEPA Transfers info
|
Yes
|
No
|
|
Trading Platforms
|
FOREX.com |
HYCM (Henyep Capital Markets) |
|
Proprietary Platform info
|
Yes
|
Yes
|
|
Desktop Platform (Windows) info
|
Yes
|
Yes
|
|
Web Platform info
|
Yes
|
Yes
|
|
Social Trading / Copy Trading info
|
No
|
No
|
|
MetaTrader 4 (MT4) info
|
Yes
|
Yes
|
|
MetaTrader 5 (MT5) info
|
Yes
|
Yes
|
|
cTrader info
|
No
|
No
|
|
DupliTrade info
|
No
|
No
|
|
ZuluTrade info
|
No
|
No
|
|
Trading Tools
|
FOREX.com |
HYCM (Henyep Capital Markets) |
|
Virtual Trading (Demo) info
|
Yes
|
Yes
|
|
Alerts - Basic Fields info
|
Yes
|
Yes
|
|
Watchlists - Total Fields info
|
20
|
7
|
|
Charting - Indicators / Studies (Total) info
|
88
|
30
|
|
Charting - Drawing Tools (Total) info
|
239
|
15
|
|
Charting - Trade From Chart info
|
Yes
|
Yes
|
|
Charts can be saved info
|
Yes
|
Yes
|
|
Mobile Trading
|
FOREX.com |
HYCM (Henyep Capital Markets) |
|
Android App info
|
Yes
|
Yes
|
|
Apple iOS App info
|
Yes
|
Yes
|
|
Mobile Alerts - Basic Fields info
|
Yes
|
Yes
|
|
Mobile Watchlist info
|
Yes
|
Yes
|
|
Watchlist Syncing info
|
Yes
|
No
|
|
Mobile Charting - Indicators / Studies info
|
88
|
30
|
|
Mobile Charting - Draw Trendlines info
|
Yes
|
Yes
|
|
Mobile Charting - Multiple Time Frames info
|
Yes
|
Yes
|
|
Mobile Charting - Drawings Autosave info
|
Yes
|
Yes
|
|
Mobile Economic Calendar info
|
Yes
|
Yes
|
|
Research
|
FOREX.com |
HYCM (Henyep Capital Markets) |
|
Daily Market Commentary info
|
Yes
|
Yes
|
|
Forex News (Top-Tier Sources) info
|
Yes
|
Yes
|
|
Autochartist info
|
No
|
No
|
|
Trading Central (Recognia) info
|
Yes
|
Yes
|
|
TipRanks info
|
No
|
No
|
|
Social Sentiment - Currency Pairs info
|
Yes
|
No
|
|
Economic Calendar info
|
Yes
|
Yes
|
|
Education
|
FOREX.com |
HYCM (Henyep Capital Markets) |
|
Education (Forex or CFDs) info
|
Yes
|
Yes
|
|
Client Webinars info
|
Yes
|
No
|
|
Client Webinars (Archived) info
|
Yes
|
Yes
|
|
Videos - Beginner Trading Videos info
|
Yes
|
Yes
|
|
Videos - Advanced Trading Videos info
|
Yes
|
No
|
|
Investor Dictionary (Glossary) info
|
Yes
|
Yes
|
|
Major Forex Pairs
|
FOREX.com |
HYCM (Henyep Capital Markets) |
|
GBP/USD info
|
Yes
|
Yes
|
|
USD/JPY info
|
Yes
|
Yes
|
|
EUR/USD info
|
Yes
|
Yes
|
|
USD/CHF info
|
Yes
|
Yes
|
|
USD/CAD info
|
Yes
|
Yes
|
|
NZD/USD info
|
Yes
|
Yes
|
|
AUD/USD info
|
Yes
|
Yes
|
|
Review |
FOREX.com Review
|
HYCM (Henyep Capital Markets) Review
|
|
Overall
|
FOREX.com |
HYCM (Henyep Capital Markets) |
|
Overall Rating info
|
|
|
|
Commissions & Fees |
|
|
|
Range of Investments |
|
|
|
Platforms & Tools |
|
|
|
Mobile Trading |
|
|
|
Research |
|
|
|
Education |
|
|
|
Trust Score info
|
99
|
86
|
|
Winner |
check_circle
|
|
|
Review |
FOREX.com Review
|
HYCM (Henyep Capital Markets) Review
|
|
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