Written by ForexBrokers.com
In this head to head comparison of FP Markets 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.
FP Markets and HYCM (Henyep Capital Markets) are both reputable online brokers, though they have notable differences to consider. FP Markets was established in 2005, while HYCM has been in the industry since 1977. Neither company is publicly traded or operates as a bank. Both brokers are competitively regulated; each holds two Tier-1 licenses, demonstrating high trust levels in the industry, alongside one Tier-2 license, signifying a trusted status.
When evaluating trustworthiness, FP Markets earns a Trust Score of 89, categorizing it within the trusted range according to ForexBrokers.com. HYCM, on the other hand, holds a slightly lower Trust Score of 86, still placing it comfortably in the trusted category. Overall, both brokers are well-regulated entities providing secure trading environments, with FP Markets having a marginally higher trust rating.
| Feature |
FP Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 2005 | 1977 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
FP Markets vs HYCM on commissions and fees: FP Markets earns 5/5 stars and ranks #11 out of 63 brokers for this category (Best in Class 2024), while HYCM scores 4.5/5 stars and ranks #18 out of 63. Both aim for low trading costs, but their account types and extras lead to different outcomes depending on how you trade.
FP Markets’ commission-based Raw ECN account averages 0.1 pips on EUR/USD (about 0.8 pips all-in after its $6 per round-turn standard lot commission). Its Standard account averages 1.1 pips. You can choose the same spread-only or Raw pricing on cTrader. For shares, FP Markets’ Iress ViewPoint accounts provide DMA pricing with full depth of book, but require higher minimum deposits (AUD 1,000/25,000/50,000) and may add platform/data fees unless you qualify for Premier or generate at least AUD 150 in commissions per month. The Iress Investor account waives monthly fees but lacks streaming data by default and has more limited charts.
HYCM’s Raw account posts an all-in cost around 0.6 pips on EUR/USD, which can undercut FP Markets’ 0.8-pip all-in on its Raw ECN. HYCM’s spread-only options are pricier: the Classic account starts from 1.2 pips and the fixed-spread account is 1.5 pips, versus FP Markets’ Standard average of 1.1 pips. Bottom line: HYCM can be sharper on its Raw account headline cost, while FP Markets combines consistently low ECN pricing with award-winning fee competitiveness and access to DMA on Iress if you meet the thresholds.
| Feature |
FP Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $100 AUD | $20 |
| Average spread (EUR/USD) - Standard account | 1.3 | 1.3 |
| All-in Cost EUR/USD - Active | 0.9 | 0.6 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FP Markets and HYCM (Henyep Capital Markets) both support forex trading (CFD/spot). FP Markets stands out for breadth, with 10,000 tradeable symbols and 71 forex pairs, compared to HYCM’s 1,199 symbols and 70 pairs. For Range of Investments, ForexBrokers.com rates FP Markets at 4.5/5 (#16 of 63) and HYCM at 4/5 (#27 of 63).
Product access differs: both brokers offer cryptocurrency via CFDs but not actual delivered crypto. FP Markets offers copy trading, while HYCM does not. If you want to buy exchange-traded shares, HYCM lets you trade stocks on both U.S. and international exchanges; FP Markets doesn’t offer exchange-listed share dealing. Choose FP Markets for the larger symbol list and copy trading, or pick HYCM if owning listed shares is important to you.
| Feature |
FP Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 1199 |
| Forex Pairs (Total) | 71 | 70 |
| U.S. Stocks (Shares) | No | Yes |
| Global Stocks (Non-U.S. Shares) | No | Yes |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
FP Markets and HYCM (Henyep Capital Markets) both check the key boxes for trading platforms and tools. Each broker offers a free demo (paper) account, a proprietary platform, a Windows desktop download, and a web-based platform. MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are available at both, and you can place trades directly from charts with either broker. One notable difference: FP Markets supports copy trading, while HYCM does not.
In terms of quality, both brokers earn 4 stars for Trading Platforms & Tools. However, FP Markets ranks higher in the ForexBrokers.com lineup at #22 out of 63 brokers, compared with HYCM at #32 out of 63. If you want copy trading alongside MT4/MT5 and both desktop and web platforms, FP Markets has an edge; if you don’t need copy trading, HYCM still delivers a full suite of platform options with paper trading and chart-based order entry.
| Feature |
FP Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FP Markets and HYCM (Henyep Capital Markets) both check the essentials for mobile trading apps: iPhone and Android support, price alerts, the ability to draw trendlines, and auto-saving of chart drawings. Each earns a 4-star mobile rating, but FP Markets ranks higher in ForexBrokers.com’s Mobile Trading Apps category (#20 out of 63) compared with HYCM (#30 out of 63).
For charting, FP Markets relies on MetaTrader’s default tools and indicators, while HYCM lists 30 technical studies in its app. Neither broker offers watchlist symbol syncing between the mobile app and the web platform. If ranking and the MetaTrader experience matter most, FP Markets has the edge; if you want a defined set of 30 built-in indicators, HYCM is appealing.
| Feature |
FP Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
FP Markets and HYCM both deliver the essentials for market research. Each offers daily market commentary, an economic calendar, and forex news from top-tier sources like Bloomberg, Reuters, or similar providers. Both brokers also include Trading Central tools for technical insights. Neither firm integrates TipRanks or Acuity Trading tools.
The key differences show up in extra features. FP Markets adds Autochartist and a sentiment tool that displays the ratio of long vs. short positions—two handy aids for spotting trade ideas and gauging crowd behavior. HYCM does not provide these. Reflecting this edge, FP Markets holds a 4-star Research rating and ranks #22 out of 63 brokers at ForexBrokers.com, while HYCM is rated 3.5 stars and ranks #29. If you value added tools for scanning and sentiment, FP Markets has the upper hand; for core news and analysis, both are solid choices.
| Feature |
FP Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | Yes | Yes |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Both FP Markets and HYCM offer dedicated forex and CFD education with well over 10 pieces of content, and each provides at least 10 beginner-friendly videos to help you learn the basics. FP Markets stands out by running ongoing client webinars (at least one per month), which can be helpful if you like live lessons and Q&A. HYCM does not currently offer monthly educational webinars, but it still delivers plenty of starter videos and materials for new traders.
If you want to progress beyond the basics, FP Markets also supplies 10+ advanced videos tailored to experienced traders, while HYCM does not reach that level. Reflecting these differences, FP Markets earns 4 stars for Education and ranks #22 out of 63 brokers at ForexBrokers.com, compared with HYCM’s 3.5 stars and #27 ranking. In short: both are good for beginners, but FP Markets edges ahead for its live webinars and deeper, advanced lessons.
| Feature |
FP Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that FP Markets is better than HYCM (Henyep Capital Markets). FP Markets finished with an overall rank of #19, while HYCM (Henyep Capital Markets) finished with an overall rank of #26.
FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 9,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.
| Feature |
FP Markets
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HYCM (Henyep Capital Markets)
|
|---|---|---|
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| Trust Score | 89 | 86 |
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FP Markets and HYCM (Henyep Capital Markets) do not offer actual (delivered) cryptocurrency purchases, but both brokers provide access to cryptocurrency CFDs.
Comparing deposit and withdrawal methods at online brokers FP Markets and HYCM (Henyep Capital Markets): both lack ACH/SEPA, both support Skrill and bank wire transfers, FP Markets additionally supports PayPal while HYCM does not, and Visa/Mastercard availability is not specified for either broker.
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 | FP Markets | HYCM (Henyep Capital Markets) | |
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| Trust Score | 89 | 86 | |
| Winner | check_circle | ||
| Review | FP Markets Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | FP Markets | HYCM (Henyep Capital Markets) | |
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| Regulation | FP Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trust Score | 89 | 86 | |
| Year Founded | 2005 | 1977 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | FP Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | No | 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) | FP Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | FP Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 1199 | |
| Forex Pairs (Total) | 71 | 70 | |
| U.S. Stocks (Shares) | No | Yes | |
| Global Stocks (Non-U.S. Shares) | No | Yes | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 | FP Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.3 | 1.3 | |
| All-in Cost EUR/USD - Active | 0.9 | 0.6 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | FP Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $20 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | FP Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No |
| Trading Tools | FP Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FP Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | FP Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | Yes | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | FP Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | FP Markets Review | HYCM (Henyep Capital Markets) Review |
| Overall | FP Markets | HYCM (Henyep Capital Markets) | |
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| Trust Score | 89 | 86 | |
| Winner | check_circle | ||
| Review | FP Markets Review | HYCM (Henyep Capital Markets) Review |
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