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HotForex vs HYCM (Henyep Markets) 2020

Is HYCM (Henyep Markets) better than HotForex? After testing 30 of the best forex brokers over five months, HotForex is better than HYCM (Henyep Markets). Alongside its enhanced MetaTrader offering, HotForex provides a good selection of tradeable products. However, HotForex does trail leading multi-asset brokers in overall platform depth.



CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature HotForex HYCM (Henyep Markets)
Overall 4 3.5
Commissions & Fees 4 3.5
Offering of Investments 3.5 3
Platforms & Tools 3.5 3
Mobile Trading 3.5 3.5
Research 4 4
Education 3 3.5
Trust Score 83 84
71.37% of retail CFD accounts lose money 71% of retail CFD accounts lose money
HotForex Review HYCM (Henyep Markets) Review
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Regulation

Feature HotForex HYCM (Henyep Markets)
Trust Score 83 84
Year Founded
2010 1977
Publicly Traded (Listed)
No No
Bank
No No
Tier-1 Licenses
1 2
Tier-2 Licenses
3 2
Tier-3 Licenses
1 1
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature HotForex HYCM (Henyep Markets)
ASIC Authorised (Australia)
No No
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
No Yes
FSA Authorised (Japan)
No No
MAS Authorised (Singapore)
No No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
No No

Investments

Feature HotForex HYCM (Henyep Markets)
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
47 69
CFDs - Total Offered
1044 278
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes Yes

Cost

Feature HotForex HYCM (Henyep Markets)
Average Spread EUR/USD - Standard
1.2 2
All-in Cost EUR/USD - Active
0.8 1.1
Active Trader or VIP Discounts
No Yes

Funding

Feature HotForex HYCM (Henyep Markets)
Minimum Initial Deposit
$50 $100
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
No No
Skrill (Deposit/Withdraw)
Yes Yes

Trading Platforms

Feature HotForex HYCM (Henyep Markets)
Proprietary Platform
No No
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes Yes
MetaTrader 4 (MT4)
Yes Yes
MetaTrader 5 (MT5)
Yes Yes
cTrader
No No

Trading Tools

Feature HotForex HYCM (Henyep Markets)
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
No No
Watchlists - Total Fields
(default MT4)
Charting - Indicators / Studies (Total)
Default (MT4) (default MT4)
Charting - Drawing Tools (Total)
Default (MT4) (default MT4)
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
No No
Order Type - Trailing Stop
Yes Yes

Mobile Trading

Feature HotForex HYCM (Henyep Markets)
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
No No
Watch List
Yes No
Watch List Syncing
No No
Charting - Indicators / Studies
Default MT4 (default MT4)
Charting - Draw Trendlines
Yes No
Charting - Trendlines Moveable
No No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No No
Forex Calendar
No No

Research

Feature HotForex HYCM (Henyep Markets)
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
Yes Yes
AutoChartist
Yes No
Trading Central (Recognia)
No Yes
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes No
Economic Calendar
Yes Yes

Education

Feature HotForex HYCM (Henyep Markets)
Has Education - Forex
Yes No
Has Education - CFDs
No No
Client Webinars
Yes Yes
Client Webinars (Archived)
Yes No
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes No
Investor Dictionary (Glossary)
No Yes

Major Forex Pairs

Feature HotForex HYCM (Henyep Markets)
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

Overall

Feature HotForex HYCM (Henyep Markets)
Overall 4 3.5
Commissions & Fees 4 3.5
Offering of Investments 3.5 3
Platforms & Tools 3.5 3
Mobile Trading 3.5 3.5
Research 4 4
Education 3 3.5
Trust Score 83 84
HotForex Review HYCM (Henyep Markets) Review
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Comparing forex brokers side by side is no easy task. For our 2020 annual forex broker review, we spent hundreds of hours assessing 30 forex and CFD brokerages to find the best forex broker. Let's compare HYCM (Henyep Markets) vs HotForex.

Does HYCM (Henyep Markets) or HotForex 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, HotForex offers better pricing overall for traders.

Is HYCM (Henyep Markets) or HotForex safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. HYCM (Henyep Markets) holds 2 global Tier-1 licenses, while HotForex holds 1. HotForex holds 3 global Tier-2 licenses, while HYCM (Henyep Markets) holds 2. All regulators considered, HYCM (Henyep Markets) has a Trust Score of 84.00, while HotForex's Trust Score is 83.00.

Which trading platform is better: HYCM (Henyep Markets) or HotForex?
To compare the trading platforms of both HYCM (Henyep Markets) and HotForex, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, HotForex offers a better experience. With research, HotForex offers superior market research. Finally, we found HotForex 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. HYCM (Henyep Markets) and HotForex both offer copy trading. Both HYCM (Henyep Markets) and HotForex offer MetaTrader 4 (MT4).

How many forex pairs and CFDs are available to trade?
HYCM (Henyep Markets) provides traders 69 currency pairs (e.g., EUR/USD) compared to HotForex's 47 available pairs. Forex pairs aside, HotForex offers traders access to 1044 CFDs while HYCM (Henyep Markets) has 278 available CFDs, a difference of 766.

Overall, between HYCM (Henyep Markets) and HotForex, HotForex is the better forex broker.

HYCM (Henyep Markets) Review
HotForex Review

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Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 01/20/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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