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FXCM vs HYCM (Henyep Capital Markets) 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

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.

FXCM
4.5/5 Stars Overall
  • Minimum Deposit: Starts from $50
  • Trust Score: 95
  • Tradeable Symbols (Total): 440
HYCM (Henyep Capital Markets)
4/5 Stars Overall
  • Minimum Deposit: $20
  • Trust Score: 86
  • Tradeable Symbols (Total): 1199

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

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 logoFXCM
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Year Founded info 1999 1977
Publicly Traded (Listed) info Yes No
Bank info No No
Tier-1 Licenses info 4 2
Tier-2 Licenses info 2 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 1

Fees

FXCM vs. HYCM on commissions and fees: HYCM earns 4.5/5 stars (ranked 18th out of 63 for Commissions and Fees), while FXCM earns 4/5 stars (ranked 17th out of 63). On headline costs for EUR/USD, HYCM’s Raw account averages about 0.6 pips all-in after commission. FXCM’s commission-based pricing averaged 0.28 pips before commission in May 2024, which works out to roughly 0.74 pips all-in after adding the commission equivalent. FXCM’s Standard account averaged 0.78 pips in the EU, U.K., and Australia in May 2024, and 1.38 pips via its St. Vincent and the Grenadines entity, which is higher than the industry average. As with any broker, spreads can widen during rollover or fast markets.

FXCM offers volume-based discounts that can lower costs if you trade a lot. Its five-tier Active Trader Rebate Program (not available in the U.K. or EU) pays $5 to $25 per million traded, starting at $10 million in monthly volume. For accounts held with certain FXCM entities, discounts may take the form of lower commissions instead of rebates; for example, in the U.K., a $25,000 balance and at least $50 million in monthly volume can bring commissions down to $2.50 per side ($5 round-turn), which put the effective EUR/USD spread near 0.78 pips using recent average core pricing. Overall, FXCM’s pricing is slightly above the industry average unless you qualify for higher-tier discounts.

HYCM keeps it simple with three account types: the Raw account at about 0.6 pips all-in on EUR/USD (after commission), the Classic account with variable spreads starting from 1.2 pips, and a fixed-spread account at 1.5 pips. If you want the lowest typical cost without meeting high volume thresholds, HYCM’s Raw account undercuts FXCM’s typical all-in commission-based rate, while FXCM can become more competitive if you qualify for its higher-volume discounts. Ratings and rankings: FXCM 4/5 stars, #17 of 63; HYCM 4.5/5 stars, #18 of 63.

Feature FXCM logoFXCM
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Minimum Deposit info Starts from $50 $20
Average spread (EUR/USD) - Standard account info 0.9 info 1.3 info
All-in Cost EUR/USD - Active info 0.8 info 0.6 info
Non-wire bank transfer info Yes No
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

FXCM and HYCM (Henyep Capital Markets) both let you trade forex as either a CFD or spot contract. HYCM offers a wider selection overall, with 1,199 tradeable symbols and 70 forex pairs, compared with FXCM’s 440 symbols and 46 forex pairs. HYCM also lets clients buy actual exchange-traded stocks on both U.S. and international exchanges (for example, Apple on NASDAQ and Vodafone in London), while FXCM does not offer real share dealing. Both brokers provide cryptocurrency CFDs but do not support buying actual crypto. For copy trading, FXCM has it, whereas HYCM does not.

For Range of Investments, ForexBrokers.com rates FXCM at 3.5 stars (ranked #21 of 63) and HYCM at 4 stars (ranked #27 of 63). In short, HYCM suits traders seeking more symbols and the ability to buy listed shares, while FXCM may appeal if you want copy trading alongside forex, crypto CFDs, and other CFD markets.

Feature FXCM logoFXCM
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 440 1199
Forex Pairs (Total) info 46 info 70
U.S. Stocks (Shares) info No Yes
Global Stocks (Non-U.S. Shares) info No Yes
Copy Trading info Yes No
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). 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

FXCM and HYCM both provide free demo accounts for simulated trading. Each broker offers its own proprietary platform along with Windows desktop and web-based options, and both let you place trades directly from charts. MetaTrader 4 is available at both; HYCM also supports MetaTrader 5, while FXCM does not. FXCM includes copy trading, which HYCM does not offer.

For trading platforms and tools, FXCM earns 5 stars and ranks #4 out of 63 brokers with ForexBrokers.com, while HYCM holds 4 stars and ranks #32. Indicator and watchlist column details can vary by platform and were not specified, so your choice may come down to whether you want MT5 access (HYCM) or copy trading plus a higher platforms-and-tools rating (FXCM).

Feature FXCM logoFXCM
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info No Yes
Charting - Indicators / Studies (Total) info 115 30
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

FXCM and HYCM both offer iPhone and Android trading apps with price alerts, trendline drawing, and auto-saved chart annotations. The biggest day-to-day difference is watchlists: FXCM syncs your watchlist between the mobile app and your online account so changes carry over automatically, while HYCM does not sync watchlists between devices.

For charting, FXCM provides 59 technical studies versus HYCM’s 30, giving active traders more tools to analyze price action on the go. That added depth shows in the ratings: FXCM earns 4.5 out of 5 stars and ranks 16th out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, while HYCM scores 4 stars and ranks 30th. If watchlist syncing and a wider set of indicators matter to you, FXCM has the edge; if you only need core tools on iPhone or Android, HYCM still covers the basics.

Feature FXCM logoFXCM
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 59 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

FXCM and HYCM (Henyep Capital Markets) both check the key boxes for market research. Each provides daily market commentary, forex news from top-tier sources such as Bloomberg, Reuters, and Dow Jones, Trading Central tools, and a global economic calendar. Neither broker currently offers Autochartist or Acuity Trading (Signal Centre) tools.

FXCM stands out by adding a sentiment-based positioning tool and TipRanks research, two extras HYCM does not include. That edge is reflected in third-party ratings: FXCM is rated 4.5 stars for Research and ranks 11th out of 63 brokers, while HYCM holds 3.5 stars and ranks 29th. If you want sentiment data and TipRanks insights alongside daily commentary and trusted news, FXCM is the stronger pick; if you mainly need news, commentary, and Trading Central analysis, both brokers deliver.

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

Dive deeper: Best Brokers for Forex Research.

Beginners and education

Comparing FXCM and HYCM (Henyep Capital Markets) for trading education aimed at beginners: both brokers provide at least 10 beginner-focused videos that explain core forex and CFD topics in plain language. FXCM goes further with at least 10 advanced videos for experienced traders, while HYCM does not meet that advanced video threshold. FXCM also hosts monthly online client webinars, giving learners a chance to ask questions live; HYCM does not offer monthly educational webinars.

These differences show up in third-party ratings. FXCM earns 4.5 out of 5 stars for Education and is ranked 13th out of 63 brokers by ForexBrokers.com. HYCM earns 3.5 out of 5 stars and ranks 27th out of 63. If you want a learning path that includes live webinars and room to progress into advanced topics, FXCM is the stronger fit. If you only need beginner videos to get started, HYCM can cover the basics.

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

Dive deeper: Best Forex Brokers for Beginners.

Winner

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 logoFXCM
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Overall Rating info 4.5/5 Stars 4/5 Stars
Trust Score info 95 86
Range of Investments 3.5/5 Stars 4/5 Stars
Trading Fees 4/5 Stars 4.5/5 Stars
Trading Platforms 5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Education 4/5 Stars 4/5 Stars

FAQs

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

FXCM and HYCM (Henyep Capital Markets) do not allow buying actual delivered cryptocurrencies, but both brokers do offer cryptocurrency CFD trading.

What funding options does each broker offer?

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.

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Overall Rating FXCM HYCM (Henyep Capital Markets)
Overall Rating info 4.5/5 Stars 4/5 Stars
Trading Fees 4/5 Stars 4.5/5 Stars
Range of Investments 3.5/5 Stars 4/5 Stars
Trading Platforms 5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 95 86
Winner check_circle
Review FXCM Review HYCM (Henyep Capital Markets) Review
Broker Screenshots FXCM HYCM (Henyep Capital Markets)
Broker Gallery (click to expand) info
FXCM mobile app watchlist. FXCM web platform. FXCM research web articles market analysis. FXCM education articles
HYCM MT5 desktop trading platform HYCM client portal Analyst Views market analysis HYCM YouTube channel videos.
Regulation FXCM HYCM (Henyep Capital Markets)
Trust Score info 95 86
Year Founded info 1999 1977
Publicly Traded (Listed) info Yes No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-1 Licenses info 4 2
Tier-2 Licenses info 2 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 1
Tier-1 Licenses (Highly Trusted) FXCM HYCM (Henyep Capital Markets)
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info Yes No
Hong Kong (SFC Authorised) info No Yes
Japan (FSA 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 Yes info No info
Tier-2 Licenses (Trusted) FXCM HYCM (Henyep Capital Markets)
Kenya (CMA Authorised) info
Israel (ISA Authorised) info Yes No
South Africa (FSCA Authorised) info Yes No
UAE (DFSA, FSRA, or SCA Authorised) info No Yes
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments FXCM HYCM (Henyep Capital Markets)
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 440 1199
Forex Pairs (Total) info 46 info 70
U.S. Stocks (Shares) info No Yes
Global Stocks (Non-U.S. Shares) info No Yes
Copy Trading info Yes No
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). 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 info 0.9 info 1.3 info
All-in Cost EUR/USD - Active info 0.8 info 0.6 info
Inactivity Fee info Yes No
Order execution: Agency info Yes Yes
Order execution: Market Maker info Yes Yes
Funding FXCM HYCM (Henyep Capital Markets)
Minimum Deposit info Starts from $50 $20
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info Yes No
Trading Platforms FXCM HYCM (Henyep Capital Markets)
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info No Yes
cTrader info No No
Trading Tools FXCM HYCM (Henyep Capital Markets)
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 115 30
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading FXCM HYCM (Henyep Capital Markets)
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 Yes No
Mobile Charting - Indicators / Studies info 59 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes
Mobile Research - Economic Calendar info Yes Yes
Research FXCM HYCM (Henyep Capital Markets)
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central info Yes Yes
TipRanks info Yes No
Client sentiment data info Yes No
Economic Calendar info Yes Yes
Education FXCM HYCM (Henyep Capital Markets)
Webinars info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Major Forex Pairs FXCM HYCM (Henyep Capital Markets)
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 FXCM Review HYCM (Henyep Capital Markets) Review
Overall FXCM HYCM (Henyep Capital Markets)
Overall Rating info 4.5/5 Stars 4/5 Stars
Trading Fees 4/5 Stars 4.5/5 Stars
Range of Investments 3.5/5 Stars 4/5 Stars
Trading Platforms 5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 95 86
Winner check_circle
Review FXCM Review HYCM (Henyep Capital Markets) Review
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