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FP Markets vs HYCM (Henyep Capital Markets) 2026

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

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.

FP Markets
4.5/5 Stars Overall
  • Minimum Deposit: $100 AUD
  • Trust Score: 90
  • Tradeable Symbols (Total): 10000
HYCM (Henyep Capital Markets)
4/5 Stars Overall
  • Minimum Deposit: $20
  • Trust Score: 85
  • Tradeable Symbols (Total): 1199

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

FP Markets vs HYCM (Henyep Capital Markets): FP Markets was founded in 2005 and HYCM in 1977; neither broker is publicly traded or a bank. On the ForexBrokers.com Trust Score scale (90–99 highly trusted; 80–89 trusted; 70–79 average risk; 60–69 high risk; under 59 not trusted), FP Markets scores 90/99 (highly trusted) and HYCM scores 85/99 (trusted).

In terms of regulatory information, both brokers hold 2 Tier-1 licenses and 1 Tier-2 license, signaling top-tier and trusted oversight. With identical license counts but a higher Trust Score, FP Markets edges HYCM on perceived trust, which can help guide traders weighing safety alongside features and costs.

Feature FP Markets logoFP Markets
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Year Founded info 2005 1977
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 2 2
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 2 1

Fees

FP Markets and HYCM both deliver competitive commissions and fees, each rated 4.5/5 stars. In ForexBrokers.com’s Commissions and Fees rankings, FP Markets is #11 of 63 while HYCM is #18 of 63. On EUR/USD, HYCM’s Raw account posts an all-in cost around 0.6 pips, while FP Markets’ Raw ECN account averages 0.1-pip spreads that come to about 0.8 pips all-in after commission. For spread-only choices, FP Markets’ Standard account averages about 1.1 pips, whereas HYCM’s Classic account starts from 1.2 pips; HYCM also offers a fixed-spread option at 1.5 pips.

FP Markets stands out for its commission-based Raw ECN pricing on MetaTrader and cTrader (flat $6 per round-turn per standard lot for forex). It also earned Best in Class honors for Commissions and Fees in 2024. Beyond forex, FP Markets’ Iress ViewPoint provides Direct Market Access (DMA) for share CFDs with full depth of book. Note that Iress ViewPoint carries platform and data fees unless you qualify for the Premier tier or generate at least AUD 150 in monthly commissions; Iress Investor is a lower-cost alternative but lacks streaming data by default and offers more limited charting.

HYCM keeps its lineup simple: the Raw account targets low all-in costs (about 0.6 pips on EUR/USD), while the Classic account suits traders who prefer spread-only pricing starting from 1.2 pips; the fixed account sets spreads at 1.5 pips. In short, choose FP Markets if you value ECN-style pricing with multi-platform choice and potential DMA access, or consider HYCM if you want straightforward, low all-in forex pricing on a Raw account—bearing in mind the rankings (FP Markets #11/63; HYCM #18/63) and identical 4.5/5 star ratings for commissions and fees.

Feature FP Markets logoFP Markets
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Minimum Deposit info $100 AUD $20
Average spread (EUR/USD) - Standard account info 1.3 info 1.3 info
All-in Cost EUR/USD - Active info 0.9 info 0.6 info
Non-wire bank transfer info No No
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

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 logoFP Markets
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 10000 1199
Forex Pairs (Total) info 71 70
U.S. Stocks (Shares) info No Yes
Global Stocks (Non-U.S. Shares) info No Yes
Copy Trading info Yes No
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) 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

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 logoFP Markets
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
Charting - Indicators / Studies (Total) info 30 30
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

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 logoFP Markets
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info No No
Mobile Charting - Indicators / Studies info MetaTrader (Default) 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

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 logoFP Markets
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central info Yes Yes
Client sentiment data info Yes No
TipRanks info No No
Acuity Trading info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

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 logoFP Markets
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Webinars info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No

Dive deeper: Best Forex Brokers for Beginners.

Winner

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 10,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.

Feature FP Markets logoFP Markets
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Overall Rating info 4.5/5 Stars 4/5 Stars
Trust Score info 90 85
Range of Investments 4.5/5 Stars 4/5 Stars
Trading Fees 4.5/5 Stars 4.5/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Research 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 4/5 Stars 4/5 Stars

FAQs

Can you trade cryptocurrency with FP Markets or HYCM (Henyep Capital Markets)?

FP Markets and HYCM (Henyep Capital Markets) do not offer actual (delivered) cryptocurrency purchases, but both brokers provide access to cryptocurrency CFDs.

What funding options does each broker offer?

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.

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Overall Rating FP Markets HYCM (Henyep Capital Markets)
Overall Rating info 4.5/5 Stars 4/5 Stars
Trading Fees 4.5/5 Stars 4.5/5 Stars
Range of Investments 4.5/5 Stars 4/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3.5/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 90 85
Winner check_circle
Review FP Markets Review HYCM (Henyep Capital Markets) Review
Broker Screenshots FP Markets HYCM (Henyep Capital Markets)
Broker Gallery (click to expand) info
FP Markets MT5 mobile trading app watchlist FP Markets MetaTrader 5 MT5 desktop platform. FP Markets research blog technical report detail. FP Markets educational lessons.
HYCM MT5 desktop trading platform HYCM client portal Analyst Views market analysis HYCM YouTube channel videos.
Regulation FP Markets HYCM (Henyep Capital Markets)
Trust Score info 90 85
Year Founded info 2005 1977
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-1 Licenses info 2 2
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 2 1
Tier-1 Licenses (Highly Trusted) FP Markets HYCM (Henyep Capital Markets)
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No Yes
Japan (FSA Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info No Yes
USA (CFTC Authorized) info No 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) FP Markets HYCM (Henyep Capital Markets)
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info Yes No
UAE (DFSA, FSRA, or SCA Authorised) info No Yes
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments FP Markets HYCM (Henyep Capital Markets)
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 10000 1199
Forex Pairs (Total) info 71 70
U.S. Stocks (Shares) info No Yes
Global Stocks (Non-U.S. Shares) info No Yes
Copy Trading info Yes No
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) 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 FP Markets HYCM (Henyep Capital Markets)
Average spread (EUR/USD) - Standard account info 1.3 info 1.3 info
All-in Cost EUR/USD - Active info 0.9 info 0.6 info
Inactivity Fee info No No
Order execution: Agency info No Yes
Order execution: Market Maker info Yes Yes
Funding FP Markets HYCM (Henyep Capital Markets)
Minimum Deposit info $100 AUD $20
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info No No
Trading Platforms FP Markets HYCM (Henyep Capital Markets)
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
cTrader info Yes No
Trading Tools FP Markets HYCM (Henyep Capital Markets)
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 30 30
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading FP Markets HYCM (Henyep Capital Markets)
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info No No
Mobile Charting - Indicators / Studies info MetaTrader (Default) 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes
Mobile Research - Economic Calendar info Yes Yes
Research FP Markets HYCM (Henyep Capital Markets)
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central info Yes Yes
TipRanks info No No
Client sentiment data info Yes No
Economic Calendar info Yes Yes
Education FP Markets HYCM (Henyep Capital Markets)
Webinars info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Major Forex Pairs FP Markets HYCM (Henyep Capital Markets)
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review FP Markets Review HYCM (Henyep Capital Markets) Review
Overall FP Markets HYCM (Henyep Capital Markets)
Overall Rating info 4.5/5 Stars 4/5 Stars
Trading Fees 4.5/5 Stars 4.5/5 Stars
Range of Investments 4.5/5 Stars 4/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3.5/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 90 85
Winner check_circle
Review FP Markets Review HYCM (Henyep Capital Markets) Review
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