FXCM vs HYCM (Henyep Capital Markets) Comparison
Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare FXCM vs HYCM (Henyep Capital Markets).
Does FXCM or HYCM (Henyep Capital Markets) offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, HYCM (Henyep Capital Markets) offers better pricing overall for traders.
Is FXCM or HYCM (Henyep Capital Markets) safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. FXCM holds 4 global Tier-1 licenses, while HYCM (Henyep Capital Markets) holds 3. FXCM holds 2 global Tier-2 licenses, while HYCM (Henyep Capital Markets) holds 1. In our analysis of 23 international regulators across 50 brokers, FXCM (95) earned a higher Trust Score than HYCM (Henyep Capital Markets) (88).
Which trading platform is better: FXCM or HYCM (Henyep Capital Markets)?
To compare the trading platforms of both FXCM and HYCM (Henyep Capital Markets), we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, FXCM offers a better experience. With research, FXCM offers superior market research. Finally, we found FXCM to provide better mobile trading apps.
What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both FXCM and HYCM (Henyep Capital Markets) offer MetaTrader 4 (MT4).Copy trading is not offered by either broker.
How many forex pairs and CFDs are available to trade?
HYCM (Henyep Capital Markets) provides traders 70 currency pairs (e.g., EUR/USD) compared to FXCM's 41 available pairs. Forex pairs aside, HYCM (Henyep Capital Markets) offers traders access to 1199 CFDs while FXCM has 440 available CFDs, a difference of 759.
Can I trust FXCM?
FXCM's parent company is publicly-traded, does not operate a bank, and is authorised by four Tier-1 regulators (Highly Trusted), two Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and zero Tier-4 regulators (High Risk). FXCM is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC), Financial Conduct Authority (FCA), Canadian Investment Regulatory Organization (CIRO), and the European Union via MiFID.
Can I trust HYCM (Henyep Capital Markets)?
HYCM is not publicly traded and does operate a bank. HYCM is authorised by three Tier-1 regulators (Highly Trusted), one Tier-2 regulator (Trusted), zero Tier-3 regulators (Average Risk), and one tier-4 regulator (High Risk). HYCM is authorised by the following tier-1 regulators: Securities Futures Commission (SFC), Financial Conduct Authority (FCA), and the European Union via MiFID.
Is FXCM good?
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.
Is HYCM (Henyep Capital Markets) good?
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.
Overall winner: FXCM
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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.