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FP Markets vs HYCM (Henyep Capital Markets) 2025

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: 89
  • Tradeable Symbols (Total): 10000
HYCM (Henyep Capital Markets)
4/5 Stars Overall
  • Minimum Deposit: $20
  • Trust Score: 86
  • 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 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 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

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 logoFP Markets
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Minimum Deposit info $100 AUD $20
Average spread (EUR/USD) - Standard account info 1.2 info 1.2 info
All-in Cost EUR/USD - Active info 0.7 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 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 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 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 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 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 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 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 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 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 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 #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 logoFP Markets
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Overall Rating info 4.5/5 Stars 4/5 Stars
Trust Score info 89 86
Range of Investments 4.5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 4.5/5 Stars
Platforms & Tools 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
Commissions & Fees 5/5 Stars 4.5/5 Stars
Range of Investments 4.5/5 Stars 4/5 Stars
Platforms & Tools 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 89 86
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 89 86
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 (SFC 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 1.2 info 1.2 info
All-in Cost EUR/USD - Active info 0.7 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
Commissions & Fees 5/5 Stars 4.5/5 Stars
Range of Investments 4.5/5 Stars 4/5 Stars
Platforms & Tools 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 89 86
Winner check_circle
Review FP Markets Review HYCM (Henyep Capital Markets) Review
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