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.
Founded in 1977, HYCM (Henyep Capital Markets) has established itself as a trusted online broker, boasting a Trust Score of 86 according to ForexBrokers.com. It holds two Tier-1 licenses, making it highly reliable, and one Tier-2 license, which further supports its credibility. HYCM is not publicly traded nor a bank, but its long-standing presence in the industry and robust regulatory backing offer traders a secure environment.
On the other hand, GBE brokers, founded in 2013, holds a Trust Score of 71, classified as average risk. It possesses one Tier-1 license but lacks Tier-2 licenses, which reflects its regulatory standing in comparison. Like HYCM, GBE brokers is neither publicly traded nor a bank. For traders prioritizing security and regulatory assurance, HYCM might be a preferable choice due to its higher trust rating and additional regulatory licenses.
| Feature |
HYCM (Henyep Capital Markets)
|
GBE brokers
|
|---|---|---|
| Year Founded | 1977 | 2013 |
| 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 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 | $500 |
| 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 | Yes |
| PayPal (Deposit/Withdraw) | No | 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 HYCM (Henyep Capital Markets) and GBE brokers for their range of investments, HYCM shines with a total of 1,199 tradeable symbols compared to GBE brokers' 500. Both brokers offer forex trading as CFDs or spot contracts, with HYCM providing 70 tradeable forex pairs and GBE brokers offering 71. However, HYCM stands out by providing access to exchange-traded securities on U.S. and international exchanges, allowing clients to purchase shares such as Apple and Vodafone. Unfortunately, GBE brokers do not offer this option.
Both HYCM and GBE brokers provide cryptocurrency derivatives, but neither offers the ability to buy actual cryptocurrencies. GBE brokers offer copy trading, a feature HYCM does not have. For range of investments, HYCM earns a 4-star rating compared to GBE brokers' 3.5 stars. Additionally, HYCM is ranked 33rd out of 63 brokers by ForexBrokers.com for the range of investments category, while GBE brokers hold the 44th position. Overall, HYCM presents a broader array of investment options than GBE brokers.
| 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 | 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 comparing HYCM (Henyep Capital Markets) and GBE brokers for trading platforms and tools, both provide simulated trading with free virtual demo accounts. HYCM stands out with a proprietary platform developed in-house, while GBE brokers do not offer this feature. Both platforms support MetaTrader 4 and MetaTrader 5, providing popular choices for traders. A Windows-based desktop download option and web-based trading platforms are available from both brokers, allowing for flexible access. One key difference is that GBE brokers support copy trading, which is not an offering from HYCM.
In terms of charting, HYCM and GBE brokers each provide 15 drawing tools, and both allow trading directly from stock charts. They offer equal customization for watch lists with 7 fields. However, the brokers diverge in industry rankings. HYCM receives a 4-star rating for its platforms and tools, ranking 40th out of 63 brokers on ForexBrokers.com. Meanwhile, GBE brokers also receive a 4-star rating but fall lower in the rankings at 57th place.
| Feature |
HYCM (Henyep Capital Markets)
|
GBE brokers
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| 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 it comes to mobile trading apps, both HYCM (Henyep Capital Markets) and GBE Brokers offer a range of convenient features for traders on the go. Users can download apps on both iPhone and Android devices, ensuring a versatile trading experience. Traders will appreciate the availability of stock and forex price alerts, which are essential tools for making timely trading decisions. Technical analysis enthusiasts will be pleased to find that both apps offer 30 technical studies and the ability to draw and auto-save trendlines directly on charts, along with the option to view different time frames such as daily, weekly, or intraday.
Although both HYCM and GBE Brokers apps allow traders to set up customizable watchlists featuring real-time quotes, neither offers the syncing of watchlists between the mobile app and the online account. HYCM edges out slightly ahead in ranking, securing the 37th position out of 63 brokers as noted by ForexBrokers.com, compared to GBE Brokers' 57th ranking. Despite this difference, both platforms receive a solid four-star rating for their mobile trading capabilities, making them reliable choices for mobile traders.
| Feature |
HYCM (Henyep Capital Markets)
|
GBE brokers
|
|---|---|---|
| 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 evaluating the market research offerings of HYCM and GBE Brokers, both platforms provide daily market commentary to keep traders informed. However, HYCM stands out by delivering forex news from top-tier sources like Bloomberg and Reuters, a feature GBE Brokers lacks. Furthermore, HYCM offers advanced technical analysis tools from Trading Central, whereas GBE Brokers does not offer this service. On the other hand, GBE Brokers provides a unique sentiment-based trading tool that displays a ratio of long or short positions, a feature absent from HYCM's offerings. Both brokers supply an economic calendar displaying global news events, aiding traders in strategizing based on current and upcoming market influences.
In terms of overall ratings and rankings, HYCM holds a slight advantage with a research rating of 3.5 stars compared to GBE Brokers' 3 stars. According to ForexBrokers.com, HYCM ranks at #35 out of 63 brokers in the Research category, significantly higher than GBE Brokers, which sits at #62. These distinctions highlight HYCM's stronger emphasis on providing comprehensive market research tools and information, making it a preferred choice for traders prioritizing in-depth analysis and data-driven decision-making. Meanwhile, GBE Brokers still offers valuable basics for traders, ensuring they stay updated on market movements.
| Feature |
HYCM (Henyep Capital Markets)
|
GBE brokers
|
|---|---|---|
| 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 | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When choosing an online broker with a focus on educational resources, particularly for beginners, HYCM (Henyep Capital Markets) stands out as a better option compared to GBE brokers. HYCM offers more than ten educational pieces focused on forex and CFDs, which cater to both novice and seasoned traders seeking foundational knowledge. In contrast, GBE brokers fall short as they do not meet this basic educational offering. Additionally, HYCM provides beginners with over ten introductory trading videos, further aiding newcomers in their learning journey. GBE brokers, however, do not provide the same extensive range of beginner-focused videos.
HYCM also supports traders with a searchable archive of previous webinars, allowing clients to access valuable insights at their own pace, a feature GBE brokers lack. Furthermore, HYCM offers an investor dictionary with definitions of over 50 investment terms, ensuring that beginners have a clear understanding of essential concepts. In terms of overall educational resources, HYCM scores 3.5 stars and is ranked #32 out of 63 brokers by ForexBrokers.com, while GBE brokers are rated at 3 stars and placed at #63. This indicates that HYCM provides a more comprehensive educational experience for those entering the world of trading.
| Feature |
HYCM (Henyep Capital Markets)
|
GBE brokers
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| 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 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 purchase actual delivered cryptocurrencies, but they do provide options to trade cryptocurrency derivatives.
When comparing online brokers, HYCM (Henyep Capital Markets) does not support ACH or SEPA transfers and PayPal for deposits or withdrawals, whereas GBE brokers offer these options along with both platforms supporting Skrill, Visa, Mastercard, and bank wire transactions.
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) | 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) | GBE brokers | |
|---|---|---|---|
| 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) | GBE brokers | |
|---|---|---|---|
| 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) | 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 | 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) | 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 | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | HYCM (Henyep Capital Markets) | GBE brokers | |
|---|---|---|---|
| Minimum Deposit | $20 | $500 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | HYCM (Henyep Capital Markets) | GBE brokers | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| 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 | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| 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 | 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) | GBE brokers | |
|---|---|---|---|
| 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 | Yes | |
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | GBE brokers | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| 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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