Written by ForexBrokers.com
In this head to head comparison of HYCM (Henyep Capital Markets) vs FXPrimus, 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.
HYCM (Henyep Capital Markets), established in 1977, is an online broker with a rich history in the financial markets. While not publicly traded or a bank, HYCM holds two Tier-1 licenses and one Tier-2 license, reflecting strong regulatory compliance. With a Trust Score of 86 from ForexBrokers.com, HYCM is considered a trusted entity for traders looking to navigate the complexities of the trading world.
On the other hand, FXPrimus, founded in 2009, offers a solid yet relatively newer presence in the trading arena. Like HYCM, it is not a publicly traded company nor a bank. FXPrimus has one Tier-1 license, and although it lacks Tier-2 licenses, it holds a Trust Score of 71, indicating an average risk profile according to ForexBrokers.com. This positions FXPrimus as a viable option for individuals seeking to engage in online trading with a decent level of trustworthiness.
| Feature |
HYCM (Henyep Capital Markets)
|
FXPrimus
|
|---|---|---|
| Year Founded | 1977 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
Comparing online brokers HYCM and FXPrimus in terms of commissions and fees reveals some key differences. HYCM's Raw account offers an attractive cost for traders, featuring an all-in fee of approximately 0.6 pips for the popular EUR/USD currency pair when considering its commission. For those who prefer different options, HYCM provides a Classic account with a variable spread starting at 1.2 pips, along with a fixed-spread account set at a 1.5 pips spread.
In contrast, FXPrimus does not provide specific data on its average spreads, which can make it challenging for traders to assess precise cost expectations. However, both brokers have their merits, as evidenced by their ratings and rankings within the industry. HYCM (Henyep Capital Markets) earns a commendable 4.5-star rating for its commissions and fees, positioning it at #15 out of 62 brokers according to ForexBrokers.com.
Meanwhile, FXPrimus receives a solid 4-star rating for the same category. Despite this notable rating, its ranking at #42 out of 62 brokers indicates that there may be areas for improvement when compared to HYCM's performance. Ultimately, the choice between these brokers will depend on individual preferences and trading needs, with HYCM seemingly offering more transparency regarding account costs.
| Feature |
HYCM (Henyep Capital Markets)
|
FXPrimus
|
|---|---|---|
| Minimum Deposit | $20 | $100 |
| 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 | No |
| PayPal (Deposit/Withdraw) | No | 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 investment options at HYCM (Henyep Capital Markets) and FXPrimus, distinct differences become apparent. HYCM offers access to a wide array of 1,199 tradeable symbols, including 70 forex pairs and exchange-traded securities on both U.S. and international exchanges. This makes it an attractive option for those looking to invest in global stocks, like Apple and Vodafone. On the other hand, FXPrimus provides 140 tradeable symbols, including 42 forex pairs, but lacks the ability to offer direct exchange-traded securities on major exchanges. Both brokers allow investing in cryptocurrency derivatives, but neither provides the option to buy actual cryptocurrencies.
For investors interested in social trading, FXPrimus stands out by offering copy trading services, which is not available at HYCM. Despite this, HYCM still garners a higher overall rating of 4 stars for its range of investments compared to FXPrimus's 3.5 stars. According to ForexBrokers.com, HYCM is ranked at #33 out of 62 brokers for its range of investment options, showcasing a more comprehensive selection compared to FXPrimus, which is ranked at #59. This comparison highlights HYCM as the more versatile platform, especially for those interested in a diverse array of investment opportunities.
| Feature |
HYCM (Henyep Capital Markets)
|
FXPrimus
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 140 |
| Forex Pairs (Total) | 70 | 42 |
| 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.
HYCM (Henyep Capital Markets) and FXPrimus both provide comprehensive trading platforms and tools designed to cater to different trader preferences. Both brokers offer simulated trading through free virtual demo accounts, allowing traders to practice before committing. Each has developed a proprietary platform and offers popular trading platforms like MetaTrader 4 and MetaTrader 5, ensuring flexibility in how clients trade. Windows-based desktop clients and web-based platforms are available from both brokers, providing ample options for accessing the markets.
However, there are notable distinctions when comparing additional features. FXPrimus stands out with its offering of copy trading, a feature not available with HYCM. While both brokers provide 15 drawing tools for charting and support trading directly from stock charts, their rankings reveal slight differences. HYCM ranks #40 and FXPrimus comes in at #49 out of 62 brokers in the Trading Platforms and Tools category as per ForexBrokers.com. Both brokers are rated 4 stars in this category, making them competitive choices for anyone looking for powerful trading platforms and useful tools.
| Feature |
HYCM (Henyep Capital Markets)
|
FXPrimus
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| 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 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of HYCM and FXPrimus, both brokers provide apps for iPhone and Android users, ensuring accessibility across major devices. Each app is equipped with essential features like price alerts and the ability to draw trendlines on charts, helping traders stay informed and make precise market analyses. Users can access multiple time frames on forex and stock charts, enhancing their ability to strategize effectively. Additionally, both apps allow the creation of watchlists with real-time quotes and automatically save drawings on charts for user convenience.
Both HYCM and FXPrimus offer 30 technical studies for charting on their mobile apps, providing traders with useful analytical tools. However, neither app currently supports watchlist symbol syncing between the mobile app and the online account. Despite this, both brokers rate highly with four stars each for their mobile trading features. According to ForexBrokers.com, HYCM ranks higher at #37 compared to FXPrimus, which is placed at #48 out of 62 brokers in the Mobile Trading Apps category. This suggests a slight edge for HYCM in terms of mobile trading experience as perceived by users.
| Feature |
HYCM (Henyep Capital Markets)
|
FXPrimus
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| 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 comparing the market research offerings of online brokers HYCM (Henyep Capital Markets) and FXPrimus, both provide daily market commentary and have an economic calendar that keeps traders informed on current and upcoming global events. However, HYCM holds an advantage by delivering forex news from reputable sources like Bloomberg and Reuters, ensuring traders get high-quality information. In contrast, FXPrimus lacks access to these top-tier news providers.
Additionally, HYCM offers resources from Trading Central, such as Technical Analytics, which enhances traders' research capabilities by providing valuable insights into technical analysis. FXPrimus, however, does not have such tools. While neither broker incorporates tools from Autochartist, sentiment-based trading, TipRanks, or Acuity Trading, HYCM still scores more favorably with a 3.5-star rating for research compared to FXPrimus' 3-star rating. As ranked by ForexBrokers.com, HYCM stands at #35 among 62 brokers for market research, whereas FXPrimus is positioned further down the list at #58.
| Feature |
HYCM (Henyep Capital Markets)
|
FXPrimus
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | No |
| 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 for beginners, both HYCM (Henyep Capital Markets) and FXPrimus provide a range of learning materials, including more than 10 pieces such as articles, videos, and archived webinars about forex or CFDs. However, HYCM stands out with specialized beginner content offering over 10 videos tailored specifically for new traders, while FXPrimus falls short in this area. Though both brokers have archival access to past webinars, only FXPrimus conducts monthly live sessions to keep clients up-to-date with the latest trading insights.
HYCM further distinguishes itself by providing an investor dictionary with definitions of over 50 investing terms, a feature that FXPrimus does not offer. This attention to foundational knowledge may contribute to HYCM's slightly higher education rating of 3.5 out of 5 stars compared to FXPrimus's 3 stars. In rankings, HYCM is placed at #32 out of 62 brokers by ForexBrokers.com for their educational offerings, while FXPrimus is ranked at #51, adding another layer of insight for beginners choosing between these two options.
| Feature |
HYCM (Henyep Capital Markets)
|
FXPrimus
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that HYCM (Henyep Capital Markets) is better than FXPrimus. HYCM (Henyep Capital Markets) finished with an overall rank of #29, while FXPrimus finished with an overall rank of #53.
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)
|
FXPrimus
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 71 |
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Both HYCM (Henyep Capital Markets) and FXPrimus do not offer the ability to buy actual delivered cryptocurrency but provide options for trading cryptocurrency derivatives.
HYCM (Henyep Capital Markets) and FXPrimus both support Skrill, Visa/Mastercard, and bank wires for deposits and withdrawals, but neither offers ACH, SEPA, or PayPal options.
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) | FXPrimus | |
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| Trust Score | 86 | 71 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | FXPrimus | |
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| Regulation | HYCM (Henyep Capital Markets) | FXPrimus | |
|---|---|---|---|
| Trust Score | 86 | 71 | |
| Year Founded | 1977 | 2009 | |
| 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 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | HYCM (Henyep Capital Markets) | FXPrimus | |
|---|---|---|---|
| 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) | FXPrimus | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | HYCM (Henyep Capital Markets) | FXPrimus | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1199 | 140 | |
| Forex Pairs (Total) | 70 | 42 | |
| 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) | FXPrimus | |
|---|---|---|---|
| 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) | FXPrimus | |
|---|---|---|---|
| Minimum Deposit | $20 | $100 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | HYCM (Henyep Capital Markets) | FXPrimus | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| 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 | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | HYCM (Henyep Capital Markets) | FXPrimus | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | HYCM (Henyep Capital Markets) | FXPrimus | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| 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) | FXPrimus | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | FXPrimus | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | FXPrimus | |
|---|---|---|---|
| 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) | FXPrimus | |
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| Trust Score | 86 | 71 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review |
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