Written by ForexBrokers.com
In this head to head comparison of HYCM (Henyep Capital Markets) vs GBE brokers, 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) was established in 1977 and holds a strong position in the online brokerage world. With two Tier-1 licenses and a Tier-2 license, it ensures compliance with top regulatory standards. HYCM has a Trust Score of 86 out of 99, marking it as a trusted choice for traders. Despite not being publicly traded or a bank, its longstanding history and reliable regulatory framework offer confidence to its clientele.
In contrast, GBE brokers, founded in 2013, holds one Tier-1 license but lacks Tier-2 licensing, scoring 71 on the ForexBrokers.com Trust Score. This places GBE in an average risk category, slightly below HYCM in perceived reliability. Like HYCM, GBE brokers are neither publicly traded nor a bank, but they provide a fair level of trust for those considering their services, though with less regulatory backing than HYCM.
| Feature |
HYCM (Henyep Capital Markets)
|
GBE brokers
|
|---|---|---|
| Year Founded | 1977 | 2013 |
| Publicly Traded (Listed) | ||
| Bank | ||
| 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 GBE brokers, HYCM stands out with competitive pricing, especially for its Raw account. This account offers an all-in cost of about 0.6 pips for the EUR/USD currency pair, considering the commission. In contrast, its Classic account starts at a variable spread of 1.2 pips, and the fixed-spread account offers a spread of 1.5 pips. Overall, HYCM has been rated 4.5 stars out of 5 for commissions and fees and ranks #15 among 63 brokers as per ForexBrokers.com.
On the other hand, GBE brokers' average spread data isn't readily available, making it challenging to provide a direct comparison. However, they have received a solid 4-star rating for their commissions and fees. In the same list of 63 brokers, GBE brokers hold the #37 position. This suggests that while GBE brokers are competitive, HYCM might offer more favorable pricing options, especially for those focused on minimizing trading costs.
| Feature |
HYCM (Henyep Capital Markets)
|
GBE brokers
|
|---|---|---|
| Minimum Deposit | $20 | $1000 |
| 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 | |
| ACH or SEPA Transfers | Yes | |
| PayPal (Deposit/Withdraw) | Yes | |
| 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 investment options from HYCM (Henyep Capital Markets) and GBE brokers, both provide forex trading through CFDs or spot contracts. HYCM offers a vast 1199 tradeable symbols, notably more than GBE brokers' 500. Though HYCM provides a comprehensive selection, their tradeable forex pairs reach 70, while GBE brokers surpass this with 71 pairs. In terms of exchange-traded securities, HYCM allows investments in U.S. and international exchanges, enabling clients to purchase shares like those of Apple or Vodafone, whereas GBE brokers do not offer this feature.
In the realm of cryptocurrency, both HYCM and GBE brokers provide access to cryptocurrency derivatives but not to actual digital currencies. Copy trading is exclusive to GBE brokers, adding a unique feature to their offerings. Rated by ForexBrokers.com, HYCM scores slightly higher in their range of investments with 4 stars versus GBE brokers’ 3.5 stars. Furthermore, HYCM ranks 33rd among 63 brokers for investment variety, while GBE brokers hold the 44th position, highlighting HYCM's wider array of investment opportunities.
| Feature |
HYCM (Henyep Capital Markets)
|
GBE brokers
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 500 |
| Forex Pairs (Total) | 70 | 71 |
| U.S. Stock Trading (Non CFD) | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | |
| Social Trading / Copy Trading | Yes | |
| Cryptocurrency (Physical) | ||
| 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 (Henyep Capital Markets) and GBE Brokers, both brokers provide simulated or demo accounts, allowing new traders to practice. HYCM stands out by offering its own proprietary platform, while GBE Brokers does not. Both offer downloadable platforms for Windows and web-based platforms, as well as support for the well-known MetaTrader 4 (MT4) and MetaTrader 5 (MT5). However, GBE Brokers provides copy trading, an option not available with HYCM. Among other similarities, both brokers provide 15 drawing tools for charting and the ability to trade directly from stock charts, with watch lists offering seven columns each.
In terms of ratings, both HYCM and GBE Brokers score four stars for their trading platforms and tools. Yet, they differ in their ranking by ForexBrokers.com; HYCM is placed at #40 out of 63 brokers, while GBE Brokers is ranked at #57. This difference highlights how each broker prioritizes varying strengths in their offerings. Overall, each broker has features that cater to different trading preferences, making it essential for traders to evaluate what matters most for their trading style before choosing a platform.
| Feature |
HYCM (Henyep Capital Markets)
|
GBE brokers
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | ||
| ZuluTrade | ||
| 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 (Henyep Capital Markets) and GBE brokers, both offer solid options for those trading on iPhone and Android devices. Both platforms provide essential features like stock and forex price alerts, the ability to sync watchlists between mobile and online accounts, and drawing tools for charts. Users can apply up to 30 technical studies to their charts and view multiple time frames, like daily, weekly, or intraday. Additionally, both apps support the creation of watchlists with real-time quotes and ensure that any chart drawings are automatically saved.
In terms of user ratings, both HYCM and GBE brokers have earned a respectable four-star rating for their mobile trading apps. However, when it comes to rankings by ForexBrokers.com, HYCM edges out slightly ahead, securing the 37th spot among 63 brokers, while GBE brokers comes in at 57th. This suggests both apps are reliable and resourceful for traders on the go, but HYCM might offer a slightly more favorable experience according to industry rankings.
| Feature |
HYCM (Henyep Capital Markets)
|
GBE brokers
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | ||
| 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 (Henyep Capital Markets) to GBE brokers for market research offerings, both entities provide daily market commentary and maintain an economic calendar to keep traders informed of current and upcoming global news events. HYCM distinguishes itself by providing forex news from esteemed sources like Bloomberg and Reuters and offering tools from Trading Central, which can enhance traders' fundamental and technical analysis. In comparison, GBE brokers stands out with its sentiment-based trading tool, allowing traders to gauge the ratio of long and short positions across multiple currency pairs.
In terms of ratings, HYCM receives a higher research rating of 3.5 out of 5 stars, ranking 35th out of 63 brokers on ForexBrokers.com for research, whereas GBE brokers hold a rating of 3 stars, standing at 62nd position. While both have their strengths, traders might find HYCM's access to top-tier news sources and analytical tools more beneficial for comprehensive market research.
| Feature |
HYCM (Henyep Capital Markets)
|
GBE brokers
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | |
| Autochartist | ||
| Trading Central (Recognia) | Yes | |
| Social Sentiment - Currency Pairs | Yes | |
| TipRanks | ||
| Signal Centre (Acuity Trading) | ||
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners exploring the world of online trading, choosing between HYCM (Henyep Capital Markets) and GBE Brokers might depend on the educational resources they offer. HYCM provides ample learning materials including more than ten pieces focused on forex or CFDs, a searchable archive of recorded webinars, and over ten beginner-friendly educational videos. They also support traders with an investor dictionary containing over 50 investing terms. On the other hand, while GBE Brokers offers educational resources, their offerings seem more limited compared to HYCM, lacking in specific features such as regular webinars or an extensive video library tailored for novice traders.
When it comes to education, HYCM appears to hold a slight edge with a rating of 3.5 stars and ranks 32nd among 63 brokers according to ForexBrokers.com. GBE Brokers, in contrast, has a 3-star rating and is ranked 63rd out of the same group. This suggests that, for traders highly prioritizing educational content, HYCM might be the more advantageous option, as they provide more comprehensive resources to help beginners get a strong start in trading.
| Feature |
HYCM (Henyep Capital Markets)
|
GBE brokers
|
|---|---|---|
| Education (Forex or CFDs) | Yes | |
| Client Webinars | ||
| Client Webinars (Archived) | Yes | |
| Videos - Beginner Trading Videos | Yes | |
| Videos - Advanced Trading Videos | ||
| Investor Dictionary (Glossary) | 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 GBE brokers. HYCM (Henyep Capital Markets) finished with an overall rank of #29, while GBE brokers finished with an overall rank of #57.
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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GBE brokers
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| Overall Rating |
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| Trust Score | 86 | 71 |
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Both HYCM (Henyep Capital Markets) and GBE Brokers do not offer the ability to buy actual delivered cryptocurrency, focusing instead on providing opportunities to trade cryptocurrency derivatives.
Comparing online brokers, HYCM (Henyep Capital Markets) and GBE Brokers, reveals that while both offer Skrill, Visa, Mastercard, and bank wire options for depositing or withdrawing funds, GBE Brokers additionally provides ACH or SEPA transfers and PayPal, which are not available with HYCM.
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) | GBE brokers | |
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| Trust Score | 86 | 71 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | GBE brokers | |
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| Regulation | HYCM (Henyep Capital Markets) | GBE brokers | |
|---|---|---|---|
| Trust Score | 86 | 71 | |
| Year Founded | 1977 | 2013 | |
| Publicly Traded (Listed) | |||
| Bank | |||
| Regulated in one or more EU or EEA countries (MiFID). | 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) | GBE brokers | |
|---|---|---|---|
| Australia (ASIC Authorised) | |||
| Canada (CIRO Authorised) | |||
| Hong Kong (SFC Authorised) | Yes | ||
| Japan (SFC Authorised) | |||
| Singapore (MAS Authorised) | |||
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | ||
| USA (CFTC Authorized) | |||
| New Zealand (FMA Authorised) | |||
| Regulated in one or more EU or EEA countries (MiFID). | Yes |
| Tier-2 Licenses (Trusted) | HYCM (Henyep Capital Markets) | GBE brokers | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | |||
| South Africa (FSCA Authorised) | |||
| UAE (DFSA/Central Bank Authorised) | Yes | ||
| India (SEBI Authorised) | |||
| Jordan (JSC Authorised) |
| Investments | HYCM (Henyep Capital Markets) | GBE brokers | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1199 | 500 | |
| Forex Pairs (Total) | 70 | 71 | |
| U.S. Stock Trading (Non CFD) | Yes | ||
| Int'l Stock Trading (Non CFD) | Yes | ||
| Social Trading / Copy Trading | Yes | ||
| Cryptocurrency (Physical) | |||
| 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) | GBE brokers | |
|---|---|---|---|
| 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 | ||
| Inactivity Fee | |||
| Execution: Agency Broker | Yes | ||
| Execution: Market Maker | Yes | Yes |
| Funding | HYCM (Henyep Capital Markets) | GBE brokers | |
|---|---|---|---|
| Minimum Deposit | $20 | $1000 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes |
| Trading Platforms | HYCM (Henyep Capital Markets) | GBE brokers | |
|---|---|---|---|
| Proprietary Platform | Yes | ||
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | ||
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | |||
| DupliTrade | |||
| ZuluTrade |
| Trading Tools | HYCM (Henyep Capital Markets) | GBE brokers | |
|---|---|---|---|
| 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) | GBE brokers | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | |||
| 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) | GBE brokers | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | ||
| Autochartist | |||
| Trading Central (Recognia) | Yes | ||
| TipRanks | |||
| Social Sentiment - Currency Pairs | Yes | ||
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | GBE brokers | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | ||
| Client Webinars | |||
| Client Webinars (Archived) | Yes | ||
| Videos - Beginner Trading Videos | Yes | ||
| Videos - Advanced Trading Videos | |||
| Investor Dictionary (Glossary) | Yes |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | GBE brokers | |
|---|---|---|---|
| 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) | GBE brokers | |
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| Trust Score | 86 | 71 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review |
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