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 | 1 | 1 |
FP Markets stands out for its competitive pricing, especially for those interested in commission-based ECN accounts. With highly competitive spreads and a reasonable commission of $6 per round-turn standard lot on its Raw ECN account, FP Markets has gained recognition as Best in Class for Commissions and Fees in the 2024 Annual Awards. The Standard account, however, has higher spreads, putting it on the pricier side. In the Iress ViewPoint account options, tailored for high-balance and active traders, fees can be steeper, whereas the Iress Investor account offers a more economical choice with some limitations. FP Markets is rated 5 stars for commissions and fees and is ranked 6th out of 63 brokers in this category by ForexBrokers.com.
HYCM offers competitive pricing with its Raw account, where traders can expect an all-in cost of approximately 0.6 pips for the EUR/USD, including commission. However, its Classic and Fixed-spread accounts come at a higher cost, with starting spreads of 1.2 pips and fixed spreads at 1.5 pips, respectively. These options provide flexibility for different trading preferences, though they are generally costlier when compared to the Raw account. HYCM has earned a 4.5-star rating and ranks 15th in the Commissions and Fees category, according to ForexBrokers.com.
In summary, FP Markets generally offers lower costs for its commission-based accounts, especially the Raw ECN, making it an appealing choice for cost-conscious traders. On the other hand, HYCM provides competitive options in its Raw account but falls slightly behind FP Markets in terms of overall cost efficiency, reflected in its star rating and rankings.
| Feature |
FP Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $100 AUD | $20 |
| Average Spread EUR/USD - Standard | 1.2 | 1.2 |
| All-in Cost EUR/USD - Active | 0.7 | 0.6 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FP Markets and HYCM (Henyep Capital Markets) both excel with their comprehensive forex trading offerings, granting access to CFDs or spot contracts for forex. While FP Markets boasts a significant edge with 10,000 tradeable symbols and 71 forex pairs, HYCM offers a smaller but still substantial selection with 1,199 tradeable symbols and 70 forex pairs. An important distinction between the two brokers is FP Markets' emphasis on CFD and derivative trading, including cryptocurrency derivatives, without supporting exchange-traded securities. Meanwhile, HYCM provides clients with the opportunity to invest directly in exchange-traded securities, making it ideal for those interested in purchasing shares from US and international markets.
Furthermore, FP Markets stands out more in certain areas with its provision of copy trading, an option that HYCM does not offer. However, neither broker supports the purchase of actual cryptocurrencies. Based on the range of investments, FP Markets earns a slightly higher rating of 4.5 stars, compared to HYCM's 4 stars. These ratings, along with FP Markets being ranked #18 and HYCM #33 in the Range of Investments category by ForexBrokers.com, help paint a clear picture of each broker's strengths within the competitive landscape of online trading platforms.
| 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. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | Yes | 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.
FP Markets and HYCM both offer versatile trading platforms catering to various trader preferences. Each broker provides a proprietary platform and support for MetaTrader 4 (MT4) and MetaTrader 5 (MT5), offering traders a familiar interface for their trading activities. Windows-based desktop downloads and web-based platforms are available with both brokers, ensuring ease of access across different devices. Furthermore, both FP Markets and HYCM offer free virtual demo accounts which are essential for beginners looking to hone their skills, practice trading strategies, and get a feel for the interface without financial risk.
However, FP Markets outshines HYCM by offering copy trading, appealing to users interested in replicating the trades of experienced traders. Additionally, both brokers provide a similar number of features in their watch lists and the ability to trade directly from stock charts, though FP Markets offers slightly more drawing tools with 17 compared to HYCM's 15. This comprehensive toolset contributes to both brokers securing a 4-star rating for their trading platforms and tools. Despite their similar ratings, FP Markets ranks higher at #23 compared to HYCM's #40 in the ForexBrokers.com rankings, indicating a slight edge in overall platform offerings and user satisfaction.
| Feature |
FP Markets
|
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 | Yes | No |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 17 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both FP Markets and HYCM offer mobile apps for iPhone and Android, ensuring traders can stay connected on the go. Each app provides stock and forex price alerts, a crucial feature for staying updated with market movements. Unfortunately, neither platform syncs watchlist symbols from their mobile apps with online accounts, which might be a downside for users seeking seamless integration across devices. FP Markets relies on the MetaTrader platform for its mobile charting experience, while HYCM offers 30 technical studies, giving users an array of tools for analysis. Both brokers allow users to draw trendlines, view multiple time frames, and create watchlists with real-time quotes, enhancing their trading capabilities directly from their mobile devices.
In terms of usability, both FP Markets and HYCM save drawings on charts, ensuring that your technical analyses are preserved over sessions, which is convenient for active traders. FP Markets edges out slightly, as it ranks at #18 for Mobile Trading Apps per ForexBrokers.com, compared to HYCM at #37. However, both are rated four stars out of five, highlighting their reliability and performance. While each has its strengths, FP Markets's higher ranking might make it a more appealing choice for traders prioritizing app performance.
| Feature |
FP Markets
|
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 | MetaTrader (Default) | 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 FP Markets and HYCM for market research offerings, both brokers deliver essential tools, but with some differences that may impact a trader's choice. Both provide daily market commentary and forex news from top-tier sources like Bloomberg and Reuters. They also offer technical analysis tools from Trading Central and maintain an economic calendar for tracking important global news events. However, FP Markets stands out by offering additional resources like Autochartist's research tools and a sentiment-based trading tool, which HYCM does not provide.
Overall, FP Markets is rated slightly higher for research, with a four-star ranking compared to HYCM’s 3.5 stars. This distinction is also reflected in their rankings, with FP Markets positioned at #25 and HYCM at #35 out of 63 brokers reviewed by ForexBrokers.com. While neither broker offers research tools from TipRanks or Acuity Trading, the extra tools and higher research rating might make FP Markets a more appealing choice for traders focused on comprehensive research capabilities.
| Feature |
FP Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | 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, FP Markets stands out with a well-rounded offering. They provide over ten pieces of educational content, such as articles and videos, that are focused on forex and CFDs. Beginners can also benefit from monthly online webinars, which are archived for easy access later. FP Markets goes a step further with at least ten beginner-focused videos and another set of ten for more advanced traders. Additionally, they offer a comprehensive investor dictionary with definitions for over 50 investing terms. All these resources have contributed to FP Markets receiving a solid rating of 4 out of 5 stars in education, placing them at #23 out of 63 brokers on ForexBrokers.com.
In comparison, HYCM offers a substantial foundation of educational materials for those new to trading, including over ten forex and CFDs educational pieces and a collection of beginner videos. They also maintain a searchable archive of recorded webinars but stop short of offering regular monthly educational webinars. Advanced content is somewhat lacking, as they do not reach the mark in terms of videos targeted at experienced traders. Like FP Markets, HYCM provides a useful investor dictionary, making learning terms easier for beginners. HYCM's educational offerings have earned them a 3.5 out of 5-star rating, ranking #32 among 63 brokers according to ForexBrokers.com.
| Feature |
FP Markets
|
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 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 #29.
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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Both FP Markets and HYCM (Henyep Capital Markets) do not offer the ability to buy actual delivered cryptocurrency but do provide the option to purchase cryptocurrency derivatives.
In comparing FP Markets and HYCM, both online brokers offer Skrill, Visa/Mastercard, and bank wire options for deposits and withdrawals; however, FP Markets also supports PayPal for transactions, which HYCM does not, and neither broker provides ACH or SEPA transfer 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 | 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 | 1 | 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 (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| 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) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| 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. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | Yes | 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 | FP Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | 1.2 | |
| All-in Cost EUR/USD - Active | 0.7 | 0.6 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| 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 | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | FP Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FP Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 17 | 15 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 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 | FP Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | 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 | FP Markets | 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 | 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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