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 |
Comparing commissions and fees, FP Markets earns 5 stars and ranks #6 out of 63 brokers with Best in Class honors for 2024, while HYCM scores 4.5 stars and ranks #16. Both brokers offer tiered account types so your total cost depends on whether you choose spread-only or commission-based pricing.
FP Markets’ Raw ECN account is built for low costs: average spreads were about 0.1 pips (roughly 0.8 pips all-in after a $6 per round-turn commission per standard lot on forex) as of October 2023. The Standard account is pricier, with the EUR/USD averaging 1.1 pips. You can use either pricing model on MetaTrader or cTrader. For share CFDs, FP Markets’ Iress ViewPoint provides DMA pricing with full market depth, but platform and data fees apply unless you qualify for the Premier tier or generate at least AUD 150 in monthly commissions. The lower-cost Iress Investor account waives monthly fees but has limited features and no streaming quotes by default.
HYCM’s Raw account is also competitive, with an estimated all-in cost of about 0.6 pips on EUR/USD after commission. Its Classic account has variable spreads starting from 1.2 pips, and a fixed-spread option is available at 1.5 pips. While HYCM’s Raw pricing on EUR/USD can be slightly sharper on that pair, FP Markets holds the higher overall rating (5 stars, #6) versus HYCM (4.5 stars, #16) for commissions and fees.
| Feature |
FP Markets
|
HYCM (Henyep Capital Markets)
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|---|---|---|
| Minimum Deposit | $100 AUD | $20 |
| Average spread (EUR/USD) - Standard account | 1.2 | 1.2 |
| All-in Cost EUR/USD - Active | 0.7 | 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 vs HYCM: both brokers offer forex trading as CFDs or spot, plus cryptocurrency CFDs (neither supports buying actual crypto). FP Markets stands out on sheer variety with 10,000 tradeable symbols and 71 currency pairs, alongside copy trading. HYCM lists 1,199 symbols and 70 currency pairs and does not offer copy trading.
Where HYCM takes the lead is access to exchange-traded securities: you can buy actual shares on U.S. and international exchanges, which FP Markets does not provide. For Range of Investments, FP Markets earns 4.5/5 stars and ranks #19 out of 63 brokers, while HYCM scores 4/5 stars and ranks #34. Choose FP Markets if you want a very wide CFD lineup and copy trading; choose HYCM if you need the ability to buy real stocks on major exchanges.
| 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 both check the big boxes for trading platforms and tools: each offers a free demo account for paper trading, a proprietary platform, and support for MetaTrader 4 (MT4) and MetaTrader 5 (MT5). You can trade from charts on both, and each provides a Windows desktop download and a web-based platform for browser trading. One key difference is copy trading: FP Markets offers it, while HYCM does not—an advantage for traders who want social or automated strategies.
Both brokers earn 4 stars for Trading Platforms and Tools, yet their standings differ in ForexBrokers.com’s rankings: FP Markets places #23 of 63, while HYCM ranks #41. Specific counts for technical indicators and watch-list columns aren’t disclosed, but the core platform lineup is strong across both. If copy trading matters to you, FP Markets is the clearer choice; otherwise, MT4/MT5 users will find a familiar setup at either broker.
| 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 offer mobile trading apps for iPhone and Android. In each app, you can set price alerts, draw trendlines on charts, and your drawings will auto-save. One shared drawback is watchlist syncing: changes you make to watchlists on mobile do not sync with your online account.
For charting, FP Markets relies on the standard MetaTrader (MT4/MT5) toolset for technical studies, while HYCM lists 30 studies in its app. Both earn 4 out of 5 stars for Mobile Trading Apps, yet FP Markets ranks higher with ForexBrokers.com (#18 of 63) compared with HYCM (#38 of 63). If you want the familiar MetaTrader experience and a stronger category ranking, FP Markets has the edge; if a defined set of 30 indicators fits your routine, HYCM is a solid alternative.
| 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 cover the core market research needs for forex traders: daily market commentary, forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, and an economic calendar with upcoming events. Each broker also offers Trading Central tools for technical insights. The key differences are extras—FP Markets includes Autochartist for chart pattern ideas and a sentiment tool that shows the long/short ratio across instruments, while HYCM does not. Neither broker features research from TipRanks or Acuity Trading.
Ratings reflect this gap in features: FP Markets earns 4 stars for Research and ranks 25th out of 63 brokers at ForexBrokers.com, while HYCM scores 3.5 stars and ranks 36th. If you want added trade ideas and sentiment analysis, FP Markets has the edge. If you prefer the essentials—daily commentary, headline news, an economic calendar, and Trading Central—HYCM remains a straightforward choice.
| 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 forex and CFD education with at least 10 pieces of content, and each provides 10+ beginner-friendly trading videos that explain core concepts in simple terms. FP Markets goes a step further with live educational webinars held at least once a month, while HYCM does not currently run monthly client webinars. If you learn best by watching and interacting in real time, FP Markets has an edge. If you just want on-demand videos to get started, both brokers deliver.
For traders who plan to keep learning beyond the basics, FP Markets also offers 10+ advanced videos, whereas HYCM does not. Reflecting this, FP Markets earns 4 out of 5 stars for Education and ranks #23 out of 63 brokers on ForexBrokers.com, compared with HYCM’s 3.5 stars and #32 ranking. In short: both are solid for beginners, but FP Markets is stronger if you want webinars and a deeper path as your skills grow.
| 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 #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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|---|---|---|
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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 (SFC 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 | 1.2 | 1.2 | |
| All-in Cost EUR/USD - Active | 0.7 | 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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