Written by ForexBrokers.com
In this head to head comparison of HYCM (Henyep Capital Markets) vs FXOpen, 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.
When considering online brokers, HYCM (Henyep Capital Markets) and FXOpen both stand as notable choices, particularly when it comes to trust and regulatory standing. Established in 1977, HYCM offers a longstanding presence in the market and holds two Tier-1 licenses, reflecting its strong regulatory backing. Additionally, it has one Tier-2 license, contributing to its respectable Trust Score of 86 out of 99, which places HYCM in the 'trusted' category according to ForexBrokers.com. Despite its impressive credentials, HYCM is neither a publicly traded company nor a bank.
FXOpen, founded in 2003, also holds two Tier-1 licenses which demonstrate a commitment to regulatory standards. However, it does not hold any Tier-2 licenses, which gives it a Trust Score of 76 out of 99, categorizing it as 'average risk'. Like HYCM, FXOpen is not publicly traded and operates outside the banking sector. While both brokers present appealing options for online trading, HYCM offers slightly more trustworthiness according to the ratings, owing to its combination of Tier-1 and Tier-2 licenses.
| Feature |
HYCM (Henyep Capital Markets)
|
FXOpen
|
|---|---|---|
| Year Founded | 1977 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
HYCM (Henyep Capital Markets) offers clear, competitive pricing for traders focused on commissions and fees. Its Raw account delivers an all-in cost around 0.6 pips on EUR/USD (after commission), while the Classic account uses a variable spread starting from 1.2 pips. There’s also a fixed-spread option at 1.5 pips. For this category, HYCM earns 4.5 out of 5 stars and ranks #16 out of 63 brokers on ForexBrokers.com.
FXOpen does not publish average spread data, making it tougher to compare exact trading costs or typical spreads on pairs like EUR/USD. Even so, it receives 4 out of 5 stars for commissions and fees and ranks #45 out of 63 on ForexBrokers.com.
In a head-to-head comparison of commissions and fees, HYCM’s disclosed pricing—especially the Raw account—offers stronger transparency and potentially lower costs for active forex traders. FXOpen may still be appealing, but without average spread figures, HYCM is the easier choice for those who want clear costs upfront and a higher-ranked, higher-rated fee profile.
| Feature |
HYCM (Henyep Capital Markets)
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $20 | $100 |
| Average Spread EUR/USD - Standard | 1.2 | N/A |
| All-in Cost EUR/USD - Active | 0.6 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | 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.
HYCM (Henyep Capital Markets) and FXOpen both let you trade forex as CFDs or spot, and both support crypto derivatives (but not direct, delivered crypto). HYCM stands out for variety: 1,199 tradable symbols and 70 forex pairs versus FXOpen’s 87 symbols and 25 pairs. HYCM also offers real exchange-traded shares on U.S. and international markets—so you can buy stocks like Apple (NASDAQ: AAPL) or Vodafone (LSE: VOD)—while FXOpen does not offer actual share dealing.
Feature-wise, FXOpen provides copy trading, which HYCM does not. For Range of Investments, ForexBrokers.com rates HYCM 4 stars (ranked 34th of 63) and FXOpen 3 stars (ranked 63rd of 63). In short, pick HYCM if you want a wider selection of markets and the ability to buy real shares; choose FXOpen if copy trading is essential and you’re comfortable with a smaller lineup.
| Feature |
HYCM (Henyep Capital Markets)
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 87 |
| Forex Pairs (Total) | 70 | 25 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| 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). |
Dive deeper: Best Copy Trading Platforms.
HYCM (Henyep Capital Markets) and FXOpen both make it easy to get started with a free demo account and support MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Each broker offers a web platform and a Windows desktop platform, lets you place trades directly from charts, and provides 15 drawing tools plus 7 watchlist columns. A key difference is that HYCM also has its own proprietary platform, while FXOpen does not. For social features, FXOpen offers copy trading and supports ZuluTrade, whereas HYCM does not offer copy trading and neither broker supports DupliTrade.
Both brokers earn 4 stars for Trading Platforms and Tools on ForexBrokers.com, with HYCM ranked #41 out of 63 and FXOpen at #54. Choose HYCM if you want access to an in-house platform alongside MT4/MT5, or go with FXOpen if copy trading via ZuluTrade matters to you; either way, you’ll get core platform options, chart trading, and a free demo to practice.
| Feature |
HYCM (Henyep Capital Markets)
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
HYCM (Henyep Capital Markets) and FXOpen both cover the basics for trading on the go. Each offers an iPhone and Android app with price alerts, real-time watchlists with quotes, and capable charting. You get 30 technical studies, multiple time frames (from intraday to weekly), and the option to draw trendlines. Both brokers earned 4 out of 5 stars for mobile trading apps from ForexBrokers.com.
Key differences are small but may matter. HYCM’s app auto-saves your chart drawings, while FXOpen’s does not. Neither broker syncs watchlist symbols between the mobile app and your online account. In ForexBrokers.com’s 63-broker comparison for mobile apps, HYCM ranks #38 and FXOpen ranks #55, giving HYCM a slight edge if you want your chart work preserved between sessions; otherwise, the feature sets are largely alike.
| Feature |
HYCM (Henyep Capital Markets)
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
HYCM (Henyep Capital Markets) and FXOpen both cover the basics of market research. Each offers daily market commentary, streams forex news from top-tier sources such as Bloomberg, Reuters, or Dow Jones, and provides an economic calendar. Neither broker includes Autochartist tools or a built-in sentiment gauge that shows long/short positioning.
Where they differ is in premium add-ons: HYCM supplies Trading Central analysis, while FXOpen does not. HYCM does not offer research from TipRanks or Acuity Trading, and FXOpen’s access to TipRanks or Acuity tools is not specified. According to ForexBrokers.com’s research category, HYCM earns 3.5 out of 5 stars and ranks 36th out of 63 brokers, while FXOpen earns 3 out of 5 stars and ranks 64th.
| Feature |
HYCM (Henyep Capital Markets)
|
FXOpen
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginner traders comparing education at HYCM (Henyep Capital Markets) and FXOpen, HYCM clearly offers more to get you started. HYCM provides a full set of forex and CFD education with 10+ pieces of content, plus at least 10 beginner-focused trading videos and a searchable archive of recorded webinars you can watch anytime. While HYCM doesn’t run monthly live webinars and doesn’t have 10+ advanced videos, it does include an investor dictionary with 50+ terms. FXOpen, by contrast, doesn’t meet the bar for having 10+ forex/CFD educational pieces, lacks beginner video depth, and has no webinar archive or monthly webinars—though it does offer an investor dictionary with 50+ terms.
These differences show up in independent ratings: HYCM scores 3.5 out of 5 stars for Education and ranks #32 of 63 brokers, while FXOpen earns 3 stars and ranks #59. If you’re new and want a stronger mix of beginner videos and on-demand lessons, HYCM is the more helpful pick. FXOpen may suit traders who only need a basic glossary and plan to learn from outside sources.
| Feature |
HYCM (Henyep Capital Markets)
|
FXOpen
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | 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 HYCM (Henyep Capital Markets) is better than FXOpen. HYCM (Henyep Capital Markets) finished with an overall rank of #29, while FXOpen finished with an overall rank of #54.
HYCM is a trusted brand that offers a straightforward MetaTrader platform experience. Its Raw account delivers competitive pricing, and traders gain access to third-party modules from Trading Central as well as exchange-traded securities (available through a separate platform). That said, HYCM offers a narrow range of symbols to forex and CFD traders.
| Feature |
HYCM (Henyep Capital Markets)
|
FXOpen
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 76 |
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Both HYCM (Henyep Capital Markets) and FXOpen do not offer the ability to purchase actual delivered cryptocurrencies but provide the option to trade cryptocurrency derivatives.
Both HYCM (Henyep Capital Markets) and FXOpen provide options for depositing or withdrawing account funds via Skrill, Visa, Mastercard, and bank wires, but neither supports ACH, SEPA, or PayPal transactions.
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 | HYCM (Henyep Capital Markets) | FXOpen | |
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| Trust Score | 86 | 76 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | FXOpen | |
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| Regulation | HYCM (Henyep Capital Markets) | FXOpen | |
|---|---|---|---|
| Trust Score | 86 | 76 | |
| Year Founded | 1977 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | HYCM (Henyep Capital Markets) | FXOpen | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | HYCM (Henyep Capital Markets) | FXOpen | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | HYCM (Henyep Capital Markets) | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1199 | 87 | |
| Forex Pairs (Total) | 70 | 25 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| 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). |
| Cost | HYCM (Henyep Capital Markets) | FXOpen | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | 0.6 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | HYCM (Henyep Capital Markets) | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $20 | $100 | |
| PayPal (Deposit/Withdraw) | No | 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 | HYCM (Henyep Capital Markets) | FXOpen | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | HYCM (Henyep Capital Markets) | FXOpen | |
|---|---|---|---|
| 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) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | HYCM (Henyep Capital Markets) | FXOpen | |
|---|---|---|---|
| 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 | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | HYCM (Henyep Capital Markets) | FXOpen | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | FXOpen | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | FXOpen | |
|---|---|---|---|
| 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 | HYCM (Henyep Capital Markets) Review |
| Overall | HYCM (Henyep Capital Markets) | FXOpen | |
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| Trust Score | 86 | 76 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review |
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