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.
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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
|
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 |
FP Markets and HYCM (Henyep Capital Markets) both score 4.5 out of 5 stars for commissions and fees, but FP Markets has the edge in the rankings, placing #11 out of 36 brokers compared with HYCM at #18. FP Markets is known for very low pricing on its commission-based Raw ECN account, with EUR/USD spreads averaging 0.1 pips plus commission, or about 0.8 pips all-in. Its cTrader Raw account is also priced at a flat $6 per round-turn standard lot for forex trading. By contrast, HYCM’s Raw account comes in at about 0.6 pips all-in for EUR/USD, while its Classic account starts from 1.2 pips and its fixed-spread account is 1.5 pips.
FP Markets offers more account variety, but the best value is usually on its Raw ECN setup. Its Standard account is more expensive, with EUR/USD spreads averaging 1.1 pips, and its Iress platform accounts in Australia can add extra costs unless you meet higher deposit or monthly commission requirements. The Iress ViewPoint accounts are aimed at active traders with larger balances, while the lower-cost Iress Investor account cuts fees but also limits features like live data and charting.
For traders focused on keeping costs low, FP Markets is the stronger pick overall because of its cheaper top-tier pricing and better place in the category ranking. HYCM still offers fair pricing, especially on its Raw account, but FP Markets is generally the more competitive choice for commissions and fees.
| Feature |
FP Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $100 AUD | $20 |
| Average spread (EUR/USD) - Standard account | 1.3 | 1.3 |
| All-in Cost EUR/USD - Active | 0.9 | 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 offers a wider range of investments overall than HYCM, with 10,000 tradeable symbols compared with HYCM’s 1,199. Both brokers support forex trading as CFDs or spot contracts, and both offer crypto CFDs rather than actual cryptocurrency. FP Markets lists 71 tradeable forex pairs, slightly more than HYCM’s 70, giving it a small edge for currency traders.
Where HYCM stands out is in share dealing, since it offers exchange traded securities on both U.S. and international markets, while FP Markets does not. FP Markets does offer copy trading, which HYCM does not. Based on this wider mix of markets, FP Markets is rated 4.5 out of 5 for Range of Investments and ranks #17 out of 36 brokers, while HYCM is rated 4 out of 5 and ranks #28.
| 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 (Henyep Capital Markets) both give traders a strong set of platform choices, including free demo accounts, Windows desktop downloads, web-based trading, and support for both MetaTrader 4 and MetaTrader 5. Each broker also offers a proprietary platform, plus the ability to trade directly from a chart. For traders who like to test strategies before going live, both brokers provide simulated trading, making it easy to practice in a no-risk setting.
One clear difference is copy trading: FP Markets offers it, while HYCM does not. In ForexBrokers.com’s Trading Platforms and Tools category, both brokers are rated 4 out of 5 stars, but FP Markets places higher overall, ranking #22 out of 36 brokers compared with HYCM’s #33. If copy trading matters to you, FP Markets has the edge; if you mainly want the core platform features, both brokers cover the basics well.
| 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 give traders mobile access on iPhone and Android, and both apps include price alerts for stocks or forex. Each app also lets users draw trendlines on charts and saves those drawings automatically, which makes it easier to keep track of analysis while trading on the go. Neither broker offers watchlist symbol syncing between the mobile app and the online account, so watchlist changes do not carry over automatically.
Where the two differ most is in chart tools and overall ranking. FP Markets uses the MetaTrader mobile app setup, while HYCM offers 30 technical studies in its app for chart analysis. Even so, both brokers are rated 4 out of 5 stars for mobile trading apps. In ForexBrokers.com’s ranking out of 36 brokers, FP Markets places higher at #20, compared with HYCM at #31, which gives FP Markets the edge for mobile trading apps overall.
| 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 give traders useful market research basics, including daily market commentary, forex news from major sources like Bloomberg and Reuters, and an economic calendar for tracking upcoming global events. Both also include Trading Central tools, which can help with technical and fundamental analysis. In this area, they are fairly evenly matched for everyday market updates and planning.
FP Markets has the edge overall for market research because it adds Autochartist and a sentiment tool that shows the balance of long and short positions, while HYCM does not offer these features. FP Markets is rated 4 stars for Research and ranks #22 out of 36 brokers at ForexBrokers.com, compared with HYCM’s 3.5 stars and #30 ranking. For traders who want more built-in research support, FP Markets offers the stronger package.
| 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.
FP Markets comes out ahead of HYCM (Henyep Capital Markets) for beginner-friendly education. FP Markets offers forex and CFDs learning material, runs online educational client webinars at least once a month, and has at least 10 beginner videos plus at least 10 advanced videos for more experienced traders. It is rated 4 out of 5 stars for Education and ranks #22 out of 36 brokers on ForexBrokers.com, which points to a stronger overall learning setup for new traders.
HYCM also offers at least 10 beginner videos, but it falls behind FP Markets in several key areas. Based on the details provided, HYCM does not meet the standard for regular monthly educational webinars, and it does not have at least 10 advanced educational videos. It is rated 3.5 out of 5 stars for Education and ranks #27 out of 36, making FP Markets the better choice for beginners who want more ways to learn trading basics.
| 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 #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
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HYCM (Henyep Capital Markets)
|
|---|---|---|
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| Trust Score | 90 | 85 |
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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 | 90 | 85 | |
| 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 | 90 | 85 | |
| 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 (FSA 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 CMA 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 | 1.3 | 1.3 | |
| All-in Cost EUR/USD - Active | 0.9 | 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 | 90 | 85 | |
| Winner | check_circle | ||
| Review | FP Markets Review | HYCM (Henyep Capital Markets) Review |
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