Written by ForexBrokers.com
In this head to head comparison of FXCM 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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FXCM and HYCM (Henyep Capital Markets) are long-standing online brokers, founded in 1999 and 1977 respectively. FXCM is publicly traded, while HYCM is private; neither broker is a bank. Both aim to offer regulated trading access, but their corporate setups differ, which may matter if you value public-company reporting and transparency.
According to ForexBrokers.com, FXCM earns a Trust Score of 95/99 (highly trusted, 90–99), supported by 4 Tier-1 and 2 Tier-2 licenses. HYCM scores 85/99 (trusted, 80–89), with 2 Tier-1 and 1 Tier-2 licenses. In plain terms, FXCM holds more top-tier regulatory approvals and a higher trust rating, while HYCM still sits in the trusted category.
| Feature |
FXCM
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 1999 | 1977 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
FXCM and HYCM (Henyep Capital Markets) both earn strong marks for commissions and fees, with each broker rated 4.5 out of 5 stars. In ForexBrokers.com’s Commissions and Fees category, FXCM ranks #17 out of 36 brokers, while HYCM ranks just behind at #18 out of 36. For traders comparing costs, the two brokers are close, but their pricing models differ in useful ways.
FXCM’s pricing is slightly above the industry average overall, though its commission-based accounts can be fairly competitive. In May 2024, its EUR/USD spread averaged 0.78 pips on EU, U.K., and Australia offerings, while the St. Vincent and the Grenadines entity averaged 1.38 pips. On commission-based accounts, the average spread was 0.28 pips before commissions, and active traders may qualify for rebate discounts that can lower trading costs depending on volume and region. HYCM’s Raw account is simpler and can be cheaper for some traders, with an all-in EUR/USD cost of about 0.6 pips after commission. Its Classic account starts from 1.2 pips, and its fixed-spread account is 1.5 pips.
In plain terms, FXCM may appeal more to active traders who can benefit from rebate tiers, while HYCM may be easier to compare because its account types offer clear pricing options. Both brokers are reasonably priced, but FXCM can be more sensitive to account type, trading volume, and location, while HYCM offers a straightforward low-cost Raw account alongside higher-cost standard choices.
| Feature |
FXCM
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | Starts from $50 | $20 |
| Average spread (EUR/USD) - Spread-only account | 0.9 | 1.3 |
| All-in Cost EUR/USD - Raw spread account | 0.8 | 0.6 |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FXCM and HYCM both let clients trade forex as CFDs or spot contracts, and both offer cryptocurrency CFDs rather than direct crypto ownership. But when it comes to overall investment choice, HYCM has the wider menu. HYCM offers 1,199 tradeable symbols and 70 forex pairs, compared with FXCM’s 440 symbols and 46 forex pairs. HYCM also gives access to exchange-traded securities on both U.S. and international markets, which means investors can buy real shares such as Apple or Vodafone, while FXCM does not offer these products.
FXCM does have one extra feature that HYCM lacks: copy trading. Still, HYCM comes out ahead for range of investments overall, earning 4 out of 5 stars versus FXCM’s 4.5 stars in ForexBrokers.com’s rating system, and ranking #28 out of 36 brokers compared with FXCM’s #21. For traders who want a broader selection of markets and real stock trading, HYCM is the more varied option, while FXCM may appeal more to those interested in copy trading.
| Feature |
FXCM
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 440 | 1199 |
| Forex Pairs (Total) | 46 | 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.
FXCM and HYCM both give traders a solid set of platform choices for getting started and staying active in the markets. Each broker offers a free demo account for simulated trading, a proprietary platform, a Windows desktop download, a web-based platform, MetaTrader 4, and the ability to trade directly from charts. Both also support tools for charting and watch lists, making it easy to follow markets and place trades in a way that suits different experience levels.
The main difference is in extra platform features and overall ratings. FXCM offers copy trading, while HYCM does not. On the other hand, HYCM supports MetaTrader 5, which FXCM does not. Looking at independent ratings, FXCM comes out ahead with 5 out of 5 stars for Trading Platforms and Tools and a #4 ranking out of 36 brokers, while HYCM is rated 4 out of 5 stars and ranked #35. For traders who want more platform extras and a higher-rated all-around toolset, FXCM has the edge, while HYCM still covers the core platform basics well.
| Feature |
FXCM
|
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) | No | Yes |
| Charting - Indicators / Studies (Total) | 115 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FXCM and HYCM (Henyep Capital Markets) both offer mobile trading apps for iPhone and Android, and each app includes price alerts, trendline drawing, and auto-saving for chart drawings. That means traders can stay updated and manage charts easily from a phone or tablet with either broker. For basic mobile access, the two brokers are evenly matched.
Where FXCM stands out is in app features and overall user feedback. FXCM offers watchlist symbol syncing, so changes made in the mobile app and online account stay aligned, while HYCM does not. FXCM also provides more technical studies for charting, with 59 compared with HYCM’s 30. On top of that, FXCM has a higher mobile app rating at 4.5 out of 5, compared with HYCM’s 4 out of 5, and a stronger ForexBrokers.com mobile trading apps ranking at #16 out of 36 brokers versus HYCM at #33.
| Feature |
FXCM
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 59 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, FXCM and HYCM (Henyep Capital Markets) both give traders daily market commentary, news from major sources such as Bloomberg, Reuters, and Dow Jones, plus an economic calendar for tracking key global events. Each broker also includes Trading Central tools, which can help traders spot possible trade setups and market trends. Neither broker offers Autochartist or Acuity Trading research tools.
The main difference is that FXCM goes further with extra research features. It includes a sentiment tool that shows whether traders are mostly long or short on a pair, as well as market research from TipRanks. This wider mix likely helps explain FXCM’s higher Research rating of 4.5 stars and its #11 ranking out of 36 brokers, compared with HYCM’s 3.5 stars and #32 ranking.
| Feature |
FXCM
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central | Yes | Yes |
| Client sentiment data | Yes | No |
| TipRanks | Yes | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners looking for forex broker education, FXCM stands out over HYCM (Henyep Capital Markets). FXCM offers forex and CFD learning content, online client webinars at least once a month, and a large library of beginner trading videos. It also provides advanced videos for more experienced traders, which makes it a stronger pick for users who want to keep learning as they grow. ForexBrokers.com gives FXCM an Education rating of 4.5 out of 5 stars and ranks it #13 out of 36 brokers in this category.
HYCM also offers forex and CFD education and has at least 10 beginner trading videos, but it falls behind FXCM in a few important ways. It does not offer monthly educational webinars and does not appear to have at least 10 advanced videos for experienced traders. That narrower range of learning tools helps explain why HYCM is rated 3.5 out of 5 stars for Education and ranks #28 out of 36 brokers at ForexBrokers.com.
| Feature |
FXCM
|
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 FXCM is better than HYCM (Henyep Capital Markets). FXCM finished with an overall rank of #10, while HYCM (Henyep Capital Markets) finished with an overall rank of #26.
For traders who appreciate advanced trading tools and quality market research, FXCM is a winner, especially for algorithmic trading. Its range of tradeable markets is fairly narrow, however, and the pricing at FXCM is just average.
| Feature |
FXCM
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HYCM (Henyep Capital Markets)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 95 | 85 |
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FXCM and HYCM (Henyep Capital Markets) do not allow buying actual delivered cryptocurrencies, but both brokers do offer cryptocurrency CFD trading.
FXCM vs HYCM: FXCM supports ACH/SEPA transfers, PayPal, Skrill, and bank wire deposits and withdrawals, whereas HYCM (Henyep Capital Markets) supports Skrill and bank wires but not ACH/SEPA or PayPal.
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 | FXCM | HYCM (Henyep Capital Markets) | |
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| Trust Score | 95 | 85 | |
| Winner | check_circle | ||
| Review | FXCM Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | FXCM | HYCM (Henyep Capital Markets) | |
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| Regulation | FXCM | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trust Score | 95 | 85 | |
| Year Founded | 1999 | 1977 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 4 | 2 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | FXCM | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | 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) | Yes | 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) | FXCM | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | FXCM | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 440 | 1199 | |
| Forex Pairs (Total) | 46 | 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 | FXCM | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Average spread (EUR/USD) - Spread-only account | 0.9 | 1.3 | |
| All-in Cost EUR/USD - Raw spread account | 0.8 | 0.6 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | FXCM | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | Starts from $50 | $20 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | No |
| Trading Platforms | FXCM | 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) | No | Yes | |
| cTrader | No | No |
| Trading Tools | FXCM | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 115 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FXCM | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 59 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | FXCM | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central | Yes | Yes | |
| TipRanks | Yes | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FXCM | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | FXCM | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| Review | FXCM Review | HYCM (Henyep Capital Markets) Review |
| Overall | FXCM | HYCM (Henyep Capital Markets) | |
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| Trust Score | 95 | 85 | |
| Winner | check_circle | ||
| Review | FXCM Review | HYCM (Henyep Capital Markets) Review |
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