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)
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|---|---|---|
| Minimum Deposit | Starts from $50 | $20 |
| Average spread (EUR/USD) - Standard account | 0.9 | 1.3 |
| All-in Cost EUR/USD - Active | 0.8 | 0.6 |
| Non-wire bank transfer | 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)
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|---|---|---|
| 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 (Henyep Capital Markets) both give traders a strong set of platform options, including a free demo account for practice, their own in-house platform, desktop software for Windows, web-based trading, MetaTrader 4, and the ability to trade straight from a chart. Both brokers also support chart-based trading, making it easier to place orders while watching price moves. For traders who want choice between browser, desktop, and demo access, both firms cover the basics well.
The main differences show up in extra tools and overall platform ratings. FXCM offers copy trading, while HYCM does not. HYCM supports MetaTrader 5, but FXCM does not. In ForexBrokers.com’s Trading Platforms and Tools category, FXCM is rated 5 stars and ranked #4 out of 36 brokers, while HYCM is rated 4 stars and ranked #33. That makes FXCM the stronger pick overall for platform features and tools, especially if copy trading matters to you.
| Feature |
FXCM
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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 make mobile trading easy to access, with iPhone and Android apps, plus stock or forex price alerts. Each app also lets users draw trendlines on charts and saves those drawings automatically, which is helpful for traders who want to track ideas on the go. In these basic areas, the two brokers offer similar mobile tools.
Where FXCM stands out is in its app features and overall rating. FXCM offers watchlist symbol syncing, so changes made on mobile and online stay aligned, while HYCM does not. FXCM also provides more charting tools, with 59 technical studies compared with HYCM’s 30. That stronger app experience is reflected in ratings too: FXCM scores 4.5 out of 5 stars for Mobile Trading Apps and ranks #16 out of 36 brokers at ForexBrokers.com, while HYCM scores 4 stars and ranks #31 out of 36.
| Feature |
FXCM
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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.
FXCM and HYCM (Henyep Capital Markets) both give traders useful market research features, including daily market commentary, top-tier forex news from sources like Bloomberg, Reuters, and Dow Jones, plus an economic calendar for tracking major global events. Each broker also offers Trading Central tools for technical analysis, while neither one includes Autochartist or Acuity Trading. For traders who want a steady flow of market updates and chart-based research, both platforms cover the basics well.
FXCM stands out more in this category because it adds a sentiment tool that shows the balance of long and short positions, along with market research from TipRanks. That extra edge is reflected in its stronger research rating of 4.5 out of 5 and its #11 ranking out of 36 brokers, compared with HYCM’s 3.5 out of 5 rating and #30 ranking. In simple terms, both brokers offer solid research, but FXCM provides more tools and a deeper overall market research experience.
| Feature |
FXCM
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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 and CFD learning tools, FXCM has the edge over HYCM (Henyep Capital Markets). FXCM offers a wide range of education, including at least 10 forex or CFD learning pieces, monthly online client webinars, and 10 or more beginner videos, plus 10 or more advanced videos for traders who want to go further. That depth helps new traders start with the basics and keep learning as their skills improve.
HYCM also offers beginner videos and at least 10 forex or CFD education pieces, but it falls behind FXCM in a few important areas. It does not provide monthly educational webinars, and it does not have at least 10 advanced trading videos. These gaps help explain why FXCM is rated higher for Education at 4.5 out of 5 stars and ranked #13 out of 36 brokers, while HYCM is rated 3.5 out of 5 stars and ranked #27.
| 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)
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|---|---|---|
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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) | |
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| 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) - Standard account | 0.9 | 1.3 | |
| All-in Cost EUR/USD - Active | 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 | 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 Watchlist [DELETED] | |||
| 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) | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| 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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