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)
|
|---|---|---|
| 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 let you trade forex as CFDs or spot contracts, and each supports cryptocurrency via derivatives (not actual coins). FP Markets lists far more instruments overall, with about 10,000 tradeable symbols versus HYCM’s 1,199, and offers 71 currency pairs compared with HYCM’s 70. FP Markets also includes copy trading, while HYCM does not.
If you want to buy real stocks, HYCM stands out because it offers exchange traded shares on both U.S. and international markets; FP Markets does not offer real shares (only derivatives). Based on ForexBrokers.com’s Range of Investments scores, FP Markets earns 4.5/5 stars and ranks #19 out of 63 brokers, while HYCM earns 4/5 stars and ranks #34.
| 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.
Comparing FP Markets vs HYCM (Henyep Capital Markets) for trading platforms and tools: both brokers offer free paper trading via demo accounts, in-house proprietary platforms, Windows desktop downloads, and web-based platforms. Each supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and neither integrates DupliTrade or ZuluTrade. A key difference is copy trading—FP Markets offers it, while HYCM does not.
On charting and usability, both let you place trades directly from charts. FP Markets lists 17 drawing tools versus 15 at HYCM; indicator counts were not specified. Watchlists are comparable with seven fields at each broker. In independent testing by ForexBrokers.com, both earned 4 stars for Trading Platforms and Tools, but FP Markets ranked #23 of 63 brokers, ahead of HYCM at #41. If you value built-in copy trading and a few extra drawing tools, FP Markets has an edge; otherwise, platform availability is similar at both.
| 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.
FP Markets and HYCM both offer mobile trading apps for iPhone and Android with the core features traders want: real-time watchlists, price alerts, trendline drawing, multiple chart time frames, and auto-saved drawings. A shared drawback is that watchlists don’t sync between mobile and the online platform. Each app holds a 4-star rating for Mobile Trading Apps.
On charting, FP Markets uses MetaTrader’s standard indicator set, while HYCM lists 30 built-in technical studies. Independent rankings from ForexBrokers.com place FP Markets at #18 out of 63 brokers for Mobile Trading Apps, compared with HYCM at #38—giving FP Markets a slight edge for mobile trading, especially if chart tools and overall app experience matter to you.
| 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.
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 | 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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|---|---|---|
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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 | 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/Central Bank 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. 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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