HYCM (Henyep Capital Markets) vs FXPrimus Comparison
Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare HYCM (Henyep Capital Markets) vs FXPrimus.
Does HYCM (Henyep Capital Markets) or FXPrimus offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, HYCM (Henyep Capital Markets) offers better pricing overall for traders.
Is HYCM (Henyep Capital Markets) or FXPrimus safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. HYCM (Henyep Capital Markets) holds 3 global Tier-1 licenses, while FXPrimus holds 1. HYCM (Henyep Capital Markets) holds 1 global Tier-2 licenses, while FXPrimus holds 0. In our analysis of 23 international regulators across 50 brokers, HYCM (Henyep Capital Markets) (88) earned a higher Trust Score than FXPrimus (71).
Which trading platform is better: HYCM (Henyep Capital Markets) or FXPrimus?
To compare the trading platforms of both HYCM (Henyep Capital Markets) and FXPrimus, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, HYCM (Henyep Capital Markets) offers a better experience. With research, HYCM (Henyep Capital Markets) offers superior market research. Finally, we found HYCM (Henyep Capital Markets) to provide better mobile trading apps.
What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both HYCM (Henyep Capital Markets) and FXPrimus offer MetaTrader 4 (MT4).Copy trading is not offered by either broker.
How many forex pairs and CFDs are available to trade?
HYCM (Henyep Capital Markets) provides traders 70 currency pairs (e.g., EUR/USD) compared to FXPrimus's 42 available pairs. Forex pairs aside, HYCM (Henyep Capital Markets) offers traders access to 1199 CFDs while FXPrimus has 140 available CFDs, a difference of 1059.
Can I trust HYCM (Henyep Capital Markets)?
HYCM is not publicly traded and does operate a bank. HYCM is authorised by three Tier-1 regulators (Highly Trusted), one Tier-2 regulator (Trusted), zero Tier-3 regulators (Average Risk), and one tier-4 regulator (High Risk). HYCM is authorised by the following tier-1 regulators: Securities Futures Commission (SFC), Financial Conduct Authority (FCA), and the European Union via MiFID.
Can I trust FXPrimus?
FXPrimus is not publicly traded, does not operate a bank, and is authorised by one Tier-1 regulator (Highly Trusted), zero Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and one Tier-4 regulator (High Risk). FXPrimus is regulated by the following Tier-1 regulator: European Union via MiFID
Is HYCM (Henyep Capital Markets) good?
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.
Is FXPrimus good?
FX Primus is primarily regulated in Cyprus, offering the MetaTrader and cTrader platforms, and also has an off-shore entity in Vanuatu for clients outside of the EU. The main downside besides it's lack of additional top-tier licenses, is that FX Primus only offers 140 symbols, putting it at a disadvantage compared to the best forex brokers.
Overall winner: HYCM (Henyep Capital Markets)
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