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HYCM (Henyep Capital Markets) vs FXOpen 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

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.

HYCM (Henyep Capital Markets)
4/5 Stars Overall
  • Minimum Deposit: $20
  • Trust Score: 86
  • Tradeable Symbols (Total): 1199
FXOpen
3.5/5 Stars Overall
  • Minimum Deposit: $100
  • Trust Score: 76
  • Tradeable Symbols (Total): 87

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

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) logoHYCM (Henyep Capital Markets)
FXOpen logoFXOpen
Year Founded info 1977 2003
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 2 2
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0

Fees

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) logoHYCM (Henyep Capital Markets)
FXOpen logoFXOpen
Minimum Deposit info $20 $100
Average spread (EUR/USD) - Standard account info 1.2 info N/A info
All-in Cost EUR/USD - Active info 0.6 info N/A info
Non-wire bank transfer info No No
PayPal (Deposit/Withdraw) info No
Skrill (Deposit/Withdraw) info Yes
Bank Wire (Deposit/Withdraw) info Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

HYCM (Henyep Capital Markets) offers a much wider range of markets than FXOpen. HYCM lists 1,199 tradeable symbols and 70 forex pairs, while FXOpen provides 87 symbols and 25 forex pairs. Both brokers support forex trading as CFDs or spot, and both offer cryptocurrency CFDs (but not actual coins). HYCM also lets you buy exchange-traded shares on U.S. and international exchanges—think Apple on NASDAQ or Vodafone in London—something FXOpen does not offer. On the flip side, FXOpen supports copy trading, whereas HYCM does not.

Reflecting this breadth, HYCM earns 4 out of 5 stars for Range of Investments and ranks 34th out of 63 brokers on ForexBrokers.com. FXOpen earns 3 out of 5 stars and ranks 63rd out of 63. In short, choose HYCM if you want lots of symbols and access to listed stocks alongside forex and crypto CFDs; choose FXOpen if you mainly want forex and crypto CFDs and value having copy trading.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
FXOpen logoFXOpen
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1199 87
Forex Pairs (Total) info 70 25
U.S. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes No
Copy Trading info No Yes
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).

Dive deeper: Best Copy Trading Platforms.

Trading platforms and tools

HYCM (Henyep Capital Markets) and FXOpen both make it easy to get started with a free demo account and let you trade from charts. Each broker offers Windows desktop software and a web-based platform, and both support MetaTrader 4 (MT4) and MetaTrader 5 (MT5). HYCM also provides a proprietary, in-house platform, while FXOpen does not. Specific indicator counts and watchlist column options can vary by the platform you choose.

If copy trading matters to you, FXOpen offers it while HYCM does not. For trading platforms and tools, both earn 4 stars from ForexBrokers.com; however, HYCM ranks higher at #41 out of 63 brokers compared with FXOpen at #54. In short, pick HYCM if you want the option of a proprietary platform alongside MT4/MT5, or choose FXOpen if copy trading is a priority.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
FXOpen logoFXOpen
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info No Yes
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

HYCM (Henyep Capital Markets) and FXOpen both deliver iPhone and Android apps with price alerts, trendline drawing, and 30 technical studies for mobile charting. Neither app syncs watchlists with your online account, so lists you create on mobile won’t automatically match what you have on desktop. Both earn 4-star ratings for their mobile trading apps, but HYCM is ranked #38 out of 63 brokers by ForexBrokers.com, while FXOpen sits at #55.

The key difference is chart annotations: HYCM’s app auto-saves your drawings, which makes it easier to pick up where you left off, while FXOpen does not auto-save. If you value saved chart work between sessions, HYCM may suit you better. If you don’t mind reapplying drawings and just need alerts and solid on-the-go charting, FXOpen is comparable. Keep in mind that watchlist syncing isn’t available on either platform.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
FXOpen logoFXOpen
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 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes No

Dive deeper: Best Forex Trading Apps.

Market research

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

Dive deeper: Best Brokers for Forex Research.

Beginners and education

HYCM (Henyep Capital Markets) outpaces FXOpen for beginner-friendly education. HYCM offers 10+ beginner videos covering trading topics, giving new traders a clearer path to get started. FXOpen doesn’t reach that 10-video mark for beginners. Neither broker runs monthly educational webinars, and both lack 10+ advanced videos, so deep-dive learning is limited on both.

Independent ratings back up the gap for newcomers: HYCM earns 3.5 out of 5 stars for Education and ranks #32 out of 63 brokers on ForexBrokers.com, while FXOpen scores 3 stars and ranks #59. If you want more beginner video lessons in one place, HYCM is the stronger choice; FXOpen may suit self-directed learners who plan to use outside resources.

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

Dive deeper: Best Forex Brokers for Beginners.

Winner

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) logoHYCM (Henyep Capital Markets)
FXOpen logoFXOpen
Overall Rating info 4/5 Stars 3.5/5 Stars
Trust Score info 86 76
Range of Investments 4/5 Stars 3/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 4/5 Stars 3/5 Stars

FAQs

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

In a HYCM (Henyep Capital Markets) vs FXOpen comparison for cryptocurrency trading, neither broker supports buying actual delivered cryptocurrencies, but both offer cryptocurrency CFDs.

What funding options does each broker offer?

HYCM (Henyep Capital Markets) and FXOpen both do not support ACH or SEPA transfers, while HYCM supports Skrill and bank wire deposits/withdrawals but not PayPal, and FXOpen’s availability of PayPal, Skrill, Visa/Mastercard, and bank wires is not specified.

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Overall Rating HYCM (Henyep Capital Markets) FXOpen
Overall Rating info 4/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Range of Investments 4/5 Stars 3/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3/5 Stars
Education 4/5 Stars 3/5 Stars
Trust Score info 86 76
Winner check_circle
Review HYCM (Henyep Capital Markets) Review
Broker Screenshots HYCM (Henyep Capital Markets) FXOpen
Broker Gallery (click to expand) info
HYCM MT5 desktop trading platform HYCM client portal Analyst Views market analysis HYCM YouTube channel videos.
Regulation HYCM (Henyep Capital Markets) FXOpen
Trust Score info 86 76
Year Founded info 1977 2003
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info No info Yes info
Tier-1 Licenses info 2 2
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0
Tier-1 Licenses (Highly Trusted) HYCM (Henyep Capital Markets) FXOpen
Australia (ASIC Authorised) info No No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info Yes No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info Yes 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 No info Yes info
Tier-2 Licenses (Trusted) HYCM (Henyep Capital Markets) FXOpen
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA, FSRA, or SCA Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments HYCM (Henyep Capital Markets) FXOpen
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1199 87
Forex Pairs (Total) info 70 25
U.S. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes No
Copy Trading info No Yes
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).
Cost HYCM (Henyep Capital Markets) FXOpen
Average spread (EUR/USD) - Standard account info 1.2 info N/A info
All-in Cost EUR/USD - Active info 0.6 info N/A info
Inactivity Fee info No Yes
Order execution: Agency info Yes Yes
Order execution: Market Maker info Yes Yes
Funding HYCM (Henyep Capital Markets) FXOpen
Minimum Deposit info $20 $100
PayPal (Deposit/Withdraw) info No
Skrill (Deposit/Withdraw) info Yes
Bank Wire (Deposit/Withdraw) info Yes
Non-wire bank transfer info No No
Trading Platforms HYCM (Henyep Capital Markets) FXOpen
Proprietary Desktop Trading Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info No Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
cTrader info No No
Trading Tools HYCM (Henyep Capital Markets) FXOpen
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 HYCM (Henyep Capital Markets) FXOpen
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 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes No
Mobile Research - Economic Calendar info Yes Yes
Research HYCM (Henyep Capital Markets) FXOpen
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central info Yes No
TipRanks info No
Client sentiment data info No No
Economic Calendar info Yes Yes
Education HYCM (Henyep Capital Markets) FXOpen
Webinars info No No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info No No
Major Forex Pairs HYCM (Henyep Capital Markets) FXOpen
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 HYCM (Henyep Capital Markets) Review
Overall HYCM (Henyep Capital Markets) FXOpen
Overall Rating info 4/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Range of Investments 4/5 Stars 3/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3/5 Stars
Education 4/5 Stars 3/5 Stars
Trust Score info 86 76
Winner check_circle
Review HYCM (Henyep Capital Markets) Review
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