Written by ForexBrokers.com
In this head to head comparison of HYCM (Henyep Capital Markets) vs FXGT.com, 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.
When comparing online brokers HYCM (Henyep Capital Markets) and FXGT.com, one notable difference lies in their regulatory backing and trust scores. Established in 1977, HYCM has a longer history and holds two Tier-1 licenses and one Tier-2 license. ForexBrokers.com awards HYCM a Trust Score of 86, placing it in the "trusted" category. In contrast, FXGT.com, founded in 2019, holds one Tier-1 license and one Tier-2 license but receives a Trust Score of 69, indicating a "high risk" status. Neither broker is publicly traded or operates as a bank.
These distinctions highlight the varying levels of regulatory approval and trust associated with each broker. HYCM's higher Trust Score and additional Tier-1 licenses suggest a higher level of reliability in the eyes of ForexBrokers.com. Meanwhile, FXGT.com's ratings reflect the higher risk perception, perhaps due to its shorter operational history and fewer high-tier regulatory endorsements. Whether you're looking for a broker with extensive experience or one with particular regulatory standings, these differences are important to consider in your decision-making process.
| Feature |
HYCM (Henyep Capital Markets)
|
FXGT.com
|
|---|---|---|
| Year Founded | 1977 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When it comes to comparing HYCM (Henyep Capital Markets) and FXGT.com for their commissions and fees, HYCM stands out with its competitive pricing options. HYCM offers a Raw account with an all-in cost of about 0.6 pips for the EUR/USD, making it an attractive choice for traders seeking lower fees. The Classic account, on the other hand, starts with a variable spread from 1.2 pips, while their fixed-spread account features a spread of 1.5 pips. This flexibility in account types allows traders to choose according to their trading style and budget preferences.
In contrast, FXGT.com lacks transparency regarding its average spread data, making it difficult to fully assess its pricing competitiveness. This lack of detailed fee information may leave potential traders uncertain about the actual trading costs involved with FXGT.com. The disparity in fee transparency is reflected in their respective ratings, with HYCM earning a solid 4.5 stars for commissions and fees, while FXGT.com receives a lower rating of 3.5 stars.
When ranked among 63 brokers by ForexBrokers.com for the Commissions and Fees category, HYCM secures the #15 spot, demonstrating a strong standing in the industry. On the other hand, FXGT.com finds itself ranked at #56, indicating room for improvement in offering competitive trading costs. Overall, HYCM’s clear and competitive fee structure gives it an edge over FXGT.com, particularly for traders who prioritize straightforward and economical trading conditions.
| Feature |
HYCM (Henyep Capital Markets)
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $20 | $5 |
| Average Spread EUR/USD - Standard | 1.2 | N/A |
| All-in Cost EUR/USD - Active | 0.6 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
HYCM and FXGT.com both provide forex trading, but the scope of their offerings sets them apart. HYCM features an impressive 1,199 tradeable symbols, including 70 forex pairs, and lets clients buy actual U.S. and international exchange-traded securities like Apple and Vodafone shares. FXGT.com offers 117 tradeable symbols with 53 forex pairs. Unlike HYCM, FXGT.com does not offer direct access to U.S. or international exchanges to buy stocks but compensates with copy trading options, appealing to traders looking to follow the strategies of more experienced investors.
Both brokers allow clients to trade cryptocurrency derivatives, but neither supports buying actual cryptocurrencies. In terms of investment options, HYCM is rated four stars and ranks 33rd out of 63 brokers, thanks to its diverse product lineup. FXGT.com, meanwhile, is rated three stars and stands at 61st in the same category, suggesting a more limited range but still a viable option for those interested in specific trading strategies like copy trading.
| Feature |
HYCM (Henyep Capital Markets)
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 117 |
| Forex Pairs (Total) | 70 | 53 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| 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 HYCM and FXGT.com, both brokers provide a solid range of features for online traders. HYCM stands out with its proprietary platform developed in-house and offers both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) across Windows-based desktop and web platforms. Notably, HYCM supports 7 watchlist columns and provides a notable 15 drawing tools for charting, giving users a comprehensive toolkit for analysis. Despite its strengths, HYCM doesn't support copy trading or the widely used DupliTrade and ZuluTrade, but it still earns a respectable 4-star rating for its trading platforms and tools, ranking 40th out of 63 brokers according to ForexBrokers.com.
FXGT.com, while lacking a proprietary platform, compensates with its inclusion of copy trading features, a valuable tool for many traders looking to mimic the trades of more experienced market players. Like HYCM, FXGT.com also offers MT4 and MT5, available on both Windows and web browsers. FXGT.com provides 23 drawing tools for charting, which can be beneficial for detailed analysis, although its watchlists are slightly less comprehensive with 5 fields available. Despite these differences, FXGT.com shares the same 4-star rating for trading platforms and tools but is ranked slightly lower at 56th place by ForexBrokers.com, indicating room for growth in this competitive landscape.
| Feature |
HYCM (Henyep Capital Markets)
|
FXGT.com
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 37 |
| Charting - Drawing Tools (Total) | 15 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
If you're choosing between the mobile trading apps of HYCM and FXGT.com, both offer iPhone and Android compatibility, keeping you connected to the markets wherever you go. Each app provides stock or forex price alerts, allowing you to stay updated on important movements. While both platforms support drawing trendlines and viewing charts in multiple time frames, only FXGT.com offers watchlist symbol syncing. This feature ensures that your watchlists on the mobile app and online account are always in harmony, which might be a significant factor for those who regularly trade on multiple platforms.
Both apps provide 30 technical studies for charting, but the user ratings and rankings slightly differ. HYCM's app is rated 4 stars, positioning it at number 37 out of 63 brokers on ForexBrokers.com. In contrast, FXGT.com holds a 3.5-star rating and ranks 58th. Both apps auto-save drawings on charts and allow for creating watchlists with real-time quotes, making them suitable for efficient mobile trading. However, HYCM might be a preferred choice if you value a slightly higher user rating and ranking.
| Feature |
HYCM (Henyep Capital Markets)
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 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.
When it comes to market research, HYCM (Henyep Capital Markets) has the edge over FXGT.com. HYCM provides daily market commentary and sources forex news from well-known outlets like Bloomberg and Reuters, which are not available at FXGT.com. For traders valuing technical analysis, HYCM collaborates with Trading Central to offer robust tools, something its competitor lacks. Although neither broker provides analysis tools from Autochartist or Acuity Trading, HYCM still outshines FXGT.com in the research category, evident from its higher rating of 3.5 stars compared to FXGT.com's 3 stars, and ranking of 35th among 63 brokers, against FXGT.com's 56th place.
On the other hand, FXGT.com provides a sentiment-based trading tool unavailable at HYCM. This feature shows the ratio of long or short positions across currency pairs, offering valuable insights for traders who rely on market sentiment. Both platforms include an economic calendar to keep users informed about global market events. Overall, if comprehensive market analysis and top-tier news sources are a priority, HYCM stands out as the stronger choice for those reasons, appealing to traders seeking a more analytic approach to trading decisions.
| Feature |
HYCM (Henyep Capital Markets)
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources available for beginners, HYCM (Henyep Capital Markets) stands out compared to FXGT.com. HYCM provides more than ten educational resources, including a searchable archive of recorded webinars and numerous beginner-focused videos. In contrast, FXGT.com lacks such extensive materials for new traders. Additionally, HYCM offers an investor dictionary that contains definitions for over 50 investing terms, which is also available with FXGT.com, offering a helpful tool for traders to familiarize themselves with financial terminology.
Although neither platform offers live monthly webinars, HYCM still offers more comprehensive educational support overall. It holds a slightly higher rating of 3.5 stars in education compared to FXGT.com's 3 stars. As rated by ForexBrokers.com, HYCM ranks at #32 out of 63 brokers for educational resources, while FXGT.com is positioned further down the list at #60. This reflects HYCM's stronger emphasis on educating beginner traders, making it a more favorable choice for those new to forex and CFDs trading.
| Feature |
HYCM (Henyep Capital Markets)
|
FXGT.com
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | 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 HYCM (Henyep Capital Markets) is better than FXGT.com. HYCM (Henyep Capital Markets) finished with an overall rank of #29, while FXGT.com finished with an overall rank of #59.
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.
| Feature |
HYCM (Henyep Capital Markets)
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FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 69 |
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Both HYCM (Henyep Capital Markets) and FXGT.com do not offer the ability to buy actual (delivered) cryptocurrencies, but they do provide options to purchase cryptocurrency derivatives.
When comparing online brokers, HYCM (Henyep Capital Markets) and FXGT.com differ in their deposit and withdrawal options, with HYCM not supporting ACH or SEPA transfers but offering Skrill alongside Visa, Mastercard, and bank wires, whereas FXGT.com supports ACH and SEPA transfers while lacking Skrill, and also provides Visa, Mastercard, and bank wire options for transactions.
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 | HYCM (Henyep Capital Markets) | FXGT.com | |
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| Trust Score | 86 | 69 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | FXGT.com | |
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| Regulation | HYCM (Henyep Capital Markets) | FXGT.com | |
|---|---|---|---|
| Trust Score | 86 | 69 | |
| Year Founded | 1977 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | HYCM (Henyep Capital Markets) | FXGT.com | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | HYCM (Henyep Capital Markets) | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | HYCM (Henyep Capital Markets) | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1199 | 117 | |
| Forex Pairs (Total) | 70 | 53 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| 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 | HYCM (Henyep Capital Markets) | FXGT.com | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | 0.6 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | HYCM (Henyep Capital Markets) | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $20 | $5 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | HYCM (Henyep Capital Markets) | FXGT.com | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | HYCM (Henyep Capital Markets) | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 5 | |
| Charting - Indicators / Studies (Total) | 30 | 37 | |
| Charting - Drawing Tools (Total) | 15 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | HYCM (Henyep Capital Markets) | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 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 | HYCM (Henyep Capital Markets) | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | FXGT.com | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | FXGT.com | |
|---|---|---|---|
| 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 | HYCM (Henyep Capital Markets) Review |
| Overall | HYCM (Henyep Capital Markets) | FXGT.com | |
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| Trust Score | 86 | 69 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review |
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