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.
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.
FXCM, established in 1999, and HYCM, founded in 1977, are both well-known online brokers. FXCM stands out with a Trust Score of 95 from ForexBrokers.com, placing it in the highly trusted category. It also has the advantage of being publicly traded, highlighting its transparency and commitment. In terms of regulatory oversight, FXCM boasts four Tier-1 licenses and two Tier-2 licenses, indicating a strong regulatory backing that underscores its reliability in the trading industry.
HYCM, while older with its founding year in 1977, holds a Trust Score of 86, categorizing it as trusted by ForexBrokers.com. Unlike FXCM, HYCM is not publicly traded, which may affect its perceived transparency to some investors. Regulatory-wise, HYCM is supported by two Tier-1 and one Tier-2 licenses, showcasing a firm yet slightly less comprehensive regulatory framework compared to FXCM. Both brokers are not banks, which aligns them as dedicated online trading platforms.
| 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 both offer forex trading services, but their commission structures are distinct. FXCM’s pricing is slightly above the industry average, with standard account spreads on the EUR/USD averaging 0.78 for its EU, U.K., and Australia offerings. Their St. Vincent and the Grenadines entity presents higher spreads at 1.38 on average, yet commission-based accounts offer a lower spread average of 0.28 pips, excluding commissions. FXCM’s Active Trader Rebate Program provides discounts based on trading volume—although it’s not available in the U.K. or EU—ranging from $5 to $25 per million traded. Still, the effective spread is about 0.74 pips once commissions are factored in. Out of 63 brokers, FXCM ranks #24 for commissions and fees, earning a 4-star rating.
In comparison, HYCM’s Raw account offers more competitive pricing with an all-in cost of approximately 0.6 pips for the EUR/USD after commission. The Classic account is costlier, with a variable spread starting from 1.2 pips. Additionally, HYCM provides a fixed-spread account option with a rate of 1.5 pips. HYCM takes a higher position in the rankings, coming in at #15 out of 63 brokers, and garners a slightly higher rating of 4.5 stars for commissions and fees.
When comparing the two, HYCM appears to have an edge in terms of pricing, particularly for traders who can benefit from its lower effective costs on the Raw account. Meanwhile, FXCM offers potential for discounts through its Active Trader Rebate Program, assuming traders meet the volume requirements. Both brokers have their strengths, making the decision largely dependent on individual trading needs and volume.
| Feature |
FXCM
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | Starts from $50 | $20 |
| Average Spread EUR/USD - Standard | 0.78 | 1.2 |
| All-in Cost EUR/USD - Active | 0.78 | 0.6 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | 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.
When comparing the range of investments available between FXCM and HYCM, several key differences become apparent. FXCM offers a selection of 440 tradeable symbols, including 43 forex pairs. They also provide both CFD and spot contract options for forex trading. However, FXCM does not provide access to exchange-traded securities on either U.S. or international exchanges, such as stocks on NASDAQ or the London Stock Exchange. On the other hand, HYCM offers 1199 tradeable symbols, including a more extensive selection of 70 forex pairs, and also enables investors to trade in actual equities from U.S. and international markets. While both platforms offer cryptocurrency derivatives, neither allows the purchase of actual, delivered cryptocurrency.
FXCM stands out for its offering of copy trading, a feature absent at HYCM. In terms of user ratings and industry rankings, FXCM garners a 3.5-star rating for its range of investments and is ranked #47 out of 63 brokers by ForexBrokers.com. Conversely, HYCM achieves a slightly higher rating of 4 stars and is ranked #33 in the same category, reflecting its broader investment offerings. Overall, while both brokers provide solid platforms for forex trading and cryptocurrency derivatives, HYCM's more comprehensive range of accessible assets and exchange-traded securities may appeal more to investors seeking diverse investment opportunities.
| Feature |
FXCM
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 440 | 1199 |
| Forex Pairs (Total) | 43 | 70 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | Yes | No |
| 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). | 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.
When comparing the trading platforms and tools offered by FXCM and HYCM, both brokers provide traders with a wide array of options. FXCM and HYCM each offer their own proprietary platforms, ensuring a unique trading experience tailored by the broker. Beyond this, both brokers support Windows-based desktop trading platforms and web-based platforms accessible via a browser. Both also provide a simulated trading environment through free virtual demo accounts, allowing traders to practice risk-free. While both brokers offer the popular MetaTrader 4, HYCM extends support to MetaTrader 5, unlike FXCM. A standout feature for FXCM is their provision of copy trading as well as integration with ZuluTrade, options that HYCM does not offer.
When it comes to charting and customization, FXCM and HYCM excel in different areas. HYCM provides 15 drawing tools for charting, compared to FXCM's 10, but FXCM offers a more generous selection of 13 columns for watch lists, compared to HYCM's 7. FXCM allows trading directly from stock charts, a feature also available through HYCM. Despite these offerings, FXCM's trading platforms and tools are highly rated with 5 stars and ranked 6th among 63 brokers by ForexBrokers.com, reflecting a user-friendly and comprehensive trading experience. In comparison, HYCM is rated 4 stars and ranked 40th in the same category, indicating a slightly lesser standing in terms of trading tools and platforms available to traders.
| Feature |
FXCM
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 115 | 30 |
| Charting - Drawing Tools (Total) | 10 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 13 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of FXCM and HYCM, both options cater to iPhone and Android users while providing essential features like stock or forex price alerts and the ability to draw trendlines on charts. However, FXCM stands out by offering watchlist symbol syncing, which allows seamless updates between its mobile app and the online account. This feature is absent in HYCM's app. Additionally, FXCM provides 59 technical studies for charting, almost double the 30 offered by HYCM, giving traders a more comprehensive toolkit for analysis. Both brokers enable viewing charts in multiple time frames and allow auto-saving of drawings, as well as the creation of watchlists with real-time quotes.
In terms of user satisfaction, FXCM's app garners a higher rating of 4.5 stars compared to HYCM's 4 stars. This higher rating reflects in their rankings on ForexBrokers.com, where FXCM is positioned at number 16 out of 63 brokers, showing a stronger performance in the Mobile Trading Apps category than HYCM, which is ranked at number 37. For those who prioritize advanced charting features and seamless integration with their online accounts, FXCM's mobile app may offer a more comprehensive and user-friendly experience.
| Feature |
FXCM
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 59 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
FXCM and HYCM (Henyep Capital Markets) both provide daily market commentary and access to forex news from reputable sources like Bloomberg and Reuters. While they both offer tools from Trading Central for technical analysis, neither broker provides resources from Autochartist or Acuity Trading. FXCM takes a lead by offering a sentiment-based trading tool, which HYCM lacks. Additionally, FXCM provides market research from TipRanks, whereas HYCM does not. Both brokers feature an economic calendar to keep traders informed about global economic events, which is a useful resource for making informed trading decisions.
Overall, FXCM is favored for its research offerings, rated at 4.5 stars compared to HYCM's 3.5 stars. This preference is reflected in their rankings by ForexBrokers.com, where FXCM stands at #11 out of 63 brokers in the Research category, significantly ahead of HYCM, which is positioned at #35. For traders prioritizing market research, FXCM seems to provide a more comprehensive suite of tools and resources, making it a compelling option. However, both brokers offer solid choices for accessing essential market data and analysis.
| Feature |
FXCM
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
FXCM and HYCM both cater to beginners with a wealth of educational resources focused on forex and CFDs. Both platforms boast a collection of over ten educational pieces, including articles and videos, which serve as a primer for new traders. Beginner traders benefit from at least ten dedicated educational videos offered by both brokers, creating an inviting learning environment. However, FXCM distinguishes itself with monthly online webinars designed for real-time learning, a feature absent in HYCM's offerings. Despite both brokers maintaining an archive of recorded webinars for future reference, it's FXCM's commitment to ongoing live education that gives it an edge.
In addition to beginner resources, FXCM also offers more advanced materials, providing over ten advanced videos for experienced traders—an area where HYCM falls short. Both brokers supply investor dictionaries with definitions of over fifty investing terms, aiding in the clarification of industry lingo. When it comes to educational excellence, FXCM holds a superior average rating of 4.5 stars compared to HYCM’s 3.5 stars. Among 63 brokers reviewed by ForexBrokers.com, FXCM ranks 14th, while HYCM stands at 32nd, underscoring FXCM's stronger focus on educational quality.
| Feature |
FXCM
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | 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 FXCM is better than HYCM (Henyep Capital Markets). FXCM finished with an overall rank of #15, while HYCM (Henyep Capital Markets) finished with an overall rank of #29.
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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| Trust Score | 95 | 86 |
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While both FXCM and HYCM do not provide the option to purchase actual (delivered) cryptocurrency, they each offer the ability to trade cryptocurrency derivatives, catering to traders interested in this financial product.
When comparing the deposit and withdrawal options of online brokers, FXCM offers a wider range of options including ACH, SEPA transfers, and PayPal, alongside Skrill, Visa, Mastercard, and bank wires, whereas HYCM (Henyep Capital Markets) supports Skrill, Visa, Mastercard, and bank wires but lacks ACH, SEPA, and PayPal accessibility.
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 | 86 | |
| 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 | 86 | |
| 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 (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| 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) | No | No | |
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FXCM | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 440 | 1199 | |
| Forex Pairs (Total) | 43 | 70 | |
| U.S. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| 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). | 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 | 0.78 | 1.2 | |
| All-in Cost EUR/USD - Active | 0.78 | 0.6 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| 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 | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FXCM | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | FXCM | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 13 | 7 | |
| Charting - Indicators / Studies (Total) | 115 | 30 | |
| Charting - Drawing Tools (Total) | 10 | 15 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 59 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FXCM | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FXCM | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FXCM | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| 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 | FXCM Review | HYCM (Henyep Capital Markets) Review |
| Overall | FXCM | HYCM (Henyep Capital Markets) | |
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| Trust Score | 95 | 86 | |
| Winner | check_circle | ||
| Review | FXCM Review | HYCM (Henyep Capital Markets) Review |
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