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FxPro vs HYCM (Henyep) 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is FxPro better than HYCM (Henyep)? In our analysis of 23 international regulators across 62 of the best forex brokers, FxPro is considered low-risk, with an overall Trust Score of 90 out of 99. HYCM is considered average-risk, with an overall Trust Score of 86 out of 99. Learn more about Trust Score.

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Overall RatingFxProHYCM (Henyep)
Overall Rating 4.5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4.5/5 Stars
Offering of Investments 4/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score 90 86
Winner check_circle
Review FxPro Review HYCM (Henyep) Review
RegulationFxProHYCM (Henyep)
Trust Score 90 86
Year Founded 2006 1977
Publicly Traded (Listed) No No
Bank No No
Authorised in European Union Yes info Yes info
Tier-1 Licenses 1 2
Tier-2 Licenses 2 2
Tier-3 Licenses 1 1
Tier-1 Licenses (High Trust)FxProHYCM (Henyep)
ASIC Authorised (Australia) No No
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) No Yes
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) Yes Yes
CFTC Registered (USA) No No
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust)FxProHYCM (Henyep)
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) Yes Yes
SEBI Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) Yes No
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) No Yes
Tier-3 Licenses (Low Trust)FxProHYCM (Henyep)
SCB Authorised (Bahamas) Yes No
IFSC Authorised (Belize) No No
CIMA Authorised (Cayman Islands) No Yes
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No No
InvestmentsFxProHYCM (Henyep)
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 2249 362
Forex Pairs (Total) 70 70
U.S. Stock Trading (Non CFD) No No
Int'l Stock Trading (Non CFD) Yes Yes
Social Trading / Copy Trading Yes No
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) 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).
CostFxProHYCM (Henyep)
Average Spread EUR/USD - Standard 1.51 info 0.6 info
All-in Cost EUR/USD - Active 1.27 info 0.6 info
Active Trader or VIP Discounts Yes Yes
Execution: Agency Broker Yes Yes
Execution: Market Maker Yes Yes
FundingFxProHYCM (Henyep)
Minimum Deposit $100 $100
PayPal (Deposit/Withdraw) Yes No
Skrill (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsFxProHYCM (Henyep)
Proprietary Platform Yes Yes
Desktop Platform (Windows) Yes Yes
Web Platform Yes Yes
Social Trading / Copy Trading Yes No
MetaTrader 4 (MT4) Yes Yes
MetaTrader 5 (MT5) Yes Yes
cTrader Yes No
DupliTrade No No
ZuluTrade No No
Trading ToolsFxProHYCM (Henyep)
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 19 7
Charting - Indicators / Studies (Total) 76 30
Charting - Drawing Tools (Total) 22 15
Charting - Trade From Chart Yes Yes
Charts can be saved Yes Yes
Mobile TradingFxProHYCM (Henyep)
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes Yes
Mobile Watchlist Yes Yes
Watchlist Syncing Yes No
Mobile Charting - Indicators / Studies 65 30
Mobile Charting - Draw Trendlines Yes Yes
Mobile Charting - Multiple Time Frames Yes Yes
Mobile Charting - Drawings Autosave Yes Yes
Forex Calendar Yes Yes
ResearchFxProHYCM (Henyep)
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) Yes Yes
Autochartist No No
Trading Central (Recognia) Yes Yes
Social Sentiment - Currency Pairs Yes No
Economic Calendar Yes Yes
EducationFxProHYCM (Henyep)
Has Education - Forex or CFDs Yes No
Client Webinars No Yes
Client Webinars (Archived) Yes Yes
Videos - Beginner Trading Videos Yes Yes
Videos - Advanced Trading Videos No No
Investor Dictionary (Glossary) Yes Yes
Major Forex PairsFxProHYCM (Henyep)
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 FxPro Review HYCM (Henyep) Review
OverallFxProHYCM (Henyep)
Overall Rating 4.5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4.5/5 Stars
Offering of Investments 4/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score 90 86
Winner check_circle
Review FxPro Review HYCM (Henyep) Review
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FxPro vs HYCM (Henyep) 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 FxPro vs HYCM (Henyep).

Does FxPro or HYCM (Henyep) 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) offers better pricing overall for traders.

Is FxPro or HYCM (Henyep) 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) holds 2 global Tier-1 licenses, while FxPro holds 1. Both FxPro and HYCM (Henyep) hold 2 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, FxPro earned a higher Trust Score than HYCM (Henyep).

Which trading platform is better: FxPro or HYCM (Henyep)?

To compare the trading platforms of both FxPro and HYCM (Henyep), we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, FxPro offers a better experience. With research, HYCM (Henyep) offers superior market research. Finally, we found FxPro 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 FxPro and HYCM (Henyep) offer MetaTrader 4 (MT4).Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

FxPro and HYCM (Henyep) offer traders the same number of currency pairs, 70. Forex pairs aside, FxPro offers traders access to 2249 CFDs while HYCM (Henyep) has 362 available CFDs, a difference of 1887.

Can I trust FxPro?

FxPro is not publicly traded and does not operate a bank. FxPro is authorised by one tier-1 regulator (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). FxPro is authorised by the following tier-1 regulators: Financial Conduct Authority (FCA).

Can I trust HYCM (Henyep)?

HYCM is not publicly traded and does operate a bank. HYCM is authorised by two tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). HYCM is authorised by the following tier-1 regulators: Securities Futures Commission (SFC) and Financial Conduct Authority (FCA).

Is FxPro good?

FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary FxPro Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions).

Is HYCM (Henyep) 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.

Overall winner: FxPro

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announcementPlease 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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