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 |
When comparing the commissions and fees of HYCM (Henyep Capital Markets) and FXPrimus, HYCM stands out with its competitive pricing offerings. Its Raw account boasts an all-in cost of approximately 0.6 pips for EUR/USD trades, after commission is factored in. Meanwhile, HYCM's Classic account comes with a variable spread starting from 1.2 pips, and a fixed-spread account option is available at 1.5 pips. These options contribute to HYCM receiving a solid 4.5-star rating for commissions and fees.
On the other hand, FXPrimus provides a different experience regarding commissions and fees, although specific spread data isn't available. Despite this, FXPrimus holds a respectable 4-star rating for its pricing. Both brokers provide reasonably good options, but HYCM’s transparency and cost-effectiveness, especially with their Raw account, give it a slight edge in the comparison.
When looking at their rankings according to ForexBrokers.com, HYCM is placed at number 15 out of 63 brokers in the Commissions and Fees category, showcasing its advantage in offering value for money. FXPrimus, while respectable, ranks at number 42, indicating a higher cost or less favorable conditions compared to many of its competitors. For traders keen on maximizing every dollar, especially with EUR/USD trades, HYCM presents a more appealing choice.
| 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.
For those looking to compare the range of investments between HYCM (Henyep Capital Markets) and FXPrimus, there are some clear distinctions. HYCM offers a substantial choice with 1,199 tradeable symbols, including 70 forex pairs, and allows trading of exchange-traded securities on both U.S. and international exchanges. FXPrimus, on the other hand, provides access to 140 tradeable symbols, including 42 forex pairs, but does not offer exchange-traded securities purchases on U.S. or international exchanges. While HYCM doesn't support copy trading, FXPrimus includes this feature, which might appeal to traders interested in replicating the strategies of others.
When it comes to cryptocurrency investments, both brokers do not offer the purchase of actual cryptocurrencies; however, they do provide the option to trade cryptocurrency derivatives. HYCM and FXPrimus are relatively neck and neck in this regard. According to ForexBrokers.com, HYCM has an edge in its range of investments with a 4-star rating, placing it 33rd out of 63 brokers, while FXPrimus holds a slightly lower position at 59th, with a 3.5-star rating. These varied offerings make HYCM a strong contender for those seeking more diverse investment opportunities, whereas FXPrimus might be more suitable for those interested in copy trading and a simpler range of market choices.
| 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.
When it comes to trading platforms and tools, both HYCM and FXPrimus present competitive options for traders. Each broker offers a free virtual demo account, allowing users to simulate trading before diving into real markets. They also provide Windows-based desktop download platforms and web-based trading platforms, ensuring accessibility across devices. Furthermore, both brokers support popular MetaTrader platforms MT4 and MT5, which are widely favored by both beginners and seasoned traders. However, when it comes to copy trading, FXPrimus holds an advantage by offering this feature, giving traders the opportunity to replicate strategies from successful investors. Although neither broker supports DupliTrade or ZuluTrade, both offer a decent array of drawing tools for charting and allow trading directly from stock charts.
In terms of proprietary platforms, both HYCM and FXPrimus have their own in-house developed platforms, providing unique trading experiences tailored specifically for their clients. For those who value detailed market monitoring, each offers seven columns for watch lists, facilitating the customization of market data views. Despite their similar offerings, HYCM edges out FXPrimus in rankings by ForexBrokers.com, holding the 40th spot compared to FXPrimus at 49th out of 63 brokers. Both brokers, however, achieve a solid four-star rating for their trading platforms and tools, making it a close choice but still leaning slightly in favor of HYCM for overall ranking and features.
| 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.
HYCM (Henyep Capital Markets) and FXPrimus both offer trading apps that are compatible with iPhone and Android devices, allowing seamless mobile trading. They provide vital features such as stock and forex price alerts and have charting capabilities with 30 technical studies. Users can also draw trendlines and view multiple time frames, such as daily or weekly, on their charts. While both platforms allow creating watchlists with real-time quotes, they do not offer watchlist symbol syncing between the mobile app and the online account. However, drawings on charts are automatically saved for both HYCM and FXPrimus.
Both trading apps receive a four-star rating for their mobile trading experience. Despite having similar features, HYCM is ranked slightly higher in the Mobile Trading Apps category by ForexBrokers.com, landing at #37 out of 63 compared to FXPrimus, which is ranked at #48. This suggests that while they are closely matched in functionality, HYCM holds a slight edge in user satisfaction and market reputation.
| 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 HYCM and FXPrimus for market research offerings, both platforms deliver daily market commentary and provide access to an economic calendar that outlines global economic events. However, HYCM stands out by offering forex news from high-profile sources like Bloomberg and Reuters, a feature that FXPrimus does not provide. Additionally, HYCM enhances its market research tools with resources from Trading Central, which are absent in FXPrimus's offerings. Neither platform provides tools from Autochartist, sentiment-based trading tools, or research from companies like TipRanks and Acuity Trading.
In terms of market research ratings, HYCM holds a slight edge with a 3.5-star rating compared to FXPrimus's 3-star rating, based on evaluations from ForexBrokers.com. Additionally, HYCM ranks significantly higher at 35th out of 63 brokers for research, whereas FXPrimus is positioned at 58th. These factors indicate that while both brokers provide some useful market insights, HYCM offers a slightly better suite of research resources for traders seeking well-rounded market information.
| 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 comparing the educational resources for beginner traders between HYCM and FXPrimus, both brokers offer over 10 educational materials like articles and videos focusing on forex and CFDs. However, HYCM stands out by providing resources like beginner-specific educational videos and an investor dictionary with over 50 investing terms. While FXPrimus doesn’t match HYCM in these areas, it makes up for it with frequent, monthly online educational webinars that are unavailable from HYCM. Both brokers provide a searchable archive of past client webinars.
For those just starting out, HYCM earns a slightly higher education rating of 3.5 stars compared to FXPrimus's 3 stars. HYCM's overall rank in the education category by ForexBrokers.com is higher, placing it at #32 out of 63 brokers, while FXPrimus ranks at #51. This suggests that HYCM might be better suited for beginners seeking comprehensive self-learning materials, whereas FXPrimus could appeal to those who prefer live learning through webinars.
| 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 63 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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