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IG vs HYCM (Henyep Markets) 2020
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.
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Since 1974, join 195,000 traders worldwide, listed on the FTSE 250 Visit Site
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Overall Rating
| Feature | IG | HYCM (Henyep Markets) |
| Overall | ||
| IG Review | HYCM (Henyep Markets) Review | |
| 68% of retail CFD accounts lose money | 80% of retail CFD accounts lose money |
Regulation
| Feature | IG | HYCM (Henyep Markets) |
| Trust Score | 99 | 84 |
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Year Founded |
1974 | 1977 |
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Publicly Traded (Listed) |
Yes | No |
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Bank |
Yes | No |
|
Tier-1 Licenses |
6 | 2 |
|
Tier-2 Licenses |
3 | 2 |
|
Tier-3 Licenses |
0 | 1 |
|
Authorised in the European Union |
Yes | Yes |
Tier-1 Licenses
| Feature | IG | HYCM (Henyep Markets) |
|
ASIC Authorised (Australia) |
Yes | No |
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IIROC Authorised (Canada) |
No | No |
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SFC Authorised (Hong Kong) |
No | Yes |
|
FSA Authorised (Japan) |
Yes | No |
|
MAS Authorised (Singapore) |
Yes | No |
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FINMA Authorised (Switzerland) |
Yes | No |
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FCA Authorised (UK) |
Yes | Yes |
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CFTC Registered (USA) |
Yes | No |
Investments
| Feature | IG | HYCM (Henyep Markets) |
|
Forex: Spot Trading |
Yes | Yes |
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Social Trading / Copy-Trading |
Yes | Yes |
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Currency Pairs (Total Forex pairs) |
93 | 69 |
|
CFDs - Total Offered |
17535 | 225 |
|
Cryptocurrency traded as actual |
No | No |
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Cryptocurrency traded as CFD |
Yes | Yes |
| Offering of Investments | ||
| Winner | check_circle |
Cost
| Feature | IG | HYCM (Henyep Markets) |
|
Average Spread EUR/USD - Standard |
0.7 (as of May 19) | N/A |
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All-in Cost EUR/USD - Active |
0.363 (as of Mar 16) | N/A |
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Active Trader or VIP Discounts |
Yes | Yes |
| Commissions & Fees | ||
| Winner | check_circle |
Funding
| Feature | IG | HYCM (Henyep Markets) |
|
Minimum Initial Deposit |
£250.00 | $100 |
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Bank Wire (Deposit/Withdraw) |
Yes | Yes |
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Visa/Mastercard (Credit/Debit) |
Yes | Yes |
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PayPal (Deposit/Withdraw) |
Yes | No |
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Skrill (Deposit/Withdraw) |
No | No |
Trading Platforms
| Feature | IG | HYCM (Henyep Markets) |
|
Proprietary Platform |
Yes | No |
|
Desktop Platform (Windows) |
Yes | Yes |
|
Web Platform |
Yes | No |
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Social Trading / Copy-Trading |
Yes | Yes |
|
MetaTrader 4 (MT4) |
Yes | Yes |
|
MetaTrader 5 (MT5) |
No | No |
|
cTrader |
No | No |
Trading Tools
| Feature | IG | HYCM (Henyep Markets) |
|
Virtual Trading (Demo) |
Yes | Yes |
|
Alerts - Basic Fields |
Yes | Yes |
|
Watchlists - Total Fields |
14 | 7 |
|
Charting - Indicators / Studies (Total) |
28 | 51 |
|
Charting - Drawing Tools (Total) |
19 | 31 |
|
Charting - Trade From Chart |
Yes | Yes |
|
Charting - Drawings Autosave |
No | Yes |
|
Order Type - Trailing Stop |
Yes | Yes |
| Platform & Tools | ||
| Winner | check_circle |
Mobile Trading
| Feature | IG | HYCM (Henyep Markets) |
|
Android App |
Yes | Yes |
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Apple iOS App |
Yes | Yes |
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Trading - Forex |
Yes | Yes |
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Trading - CFDs |
Yes | Yes |
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Alerts - Basic Fields |
Yes | Yes |
|
Watch List |
Yes | Yes |
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Watch List Syncing |
Yes | No |
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Charting - Indicators / Studies |
28 | 30 |
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Charting - Draw Trend Lines |
Yes | Yes |
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Charting - Trend Lines Moveable |
Yes | No |
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Charting - Multiple Time Frames |
Yes | Yes |
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Charting - Drawings Autosave |
Yes | No |
|
Forex Calendar |
Yes | No |
| Mobile Trading | ||
| Winner | check_circle |
Research
| Feature | IG | HYCM (Henyep Markets) |
|
Daily Market Commentary |
Yes | No |
|
Forex News (Top-Tier Sources) |
Yes | No |
|
Weekly Webinars |
Yes | No |
|
AutoChartist |
Yes | No |
|
Trading Central (Recognia) |
No | Yes |
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Delkos Research |
No | No |
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Social Sentiment - Currency Pairs |
Yes | No |
|
Economic Calendar |
Yes | Yes |
| Research | ||
| Winner | check_circle |
Education
| Feature | IG | HYCM (Henyep Markets) |
|
Has Education - Forex |
Yes | No |
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Has Education - CFDs |
Yes | No |
|
Client Webinars |
Yes | Yes |
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Client Webinars (Archived) |
Yes | No |
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Videos - Beginner Trading Videos |
Yes | Yes |
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Videos - Advanced Trading Videos |
Yes | No |
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Investor Dictionary (Glossary) |
Yes | Yes |
| Education | ||
| Winner | check_circle |
Major Forex Pairs
| Feature | IG | HYCM (Henyep Markets) |
|
GBP/USD |
Yes | Yes |
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USD/JPY |
Yes | Yes |
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EUR/USD |
Yes | Yes |
|
USD/CHF |
Yes | Yes |
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USD/CAD |
Yes | Yes |
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NZD/USD |
Yes | Yes |
|
AUD/USD |
Yes | Yes |
Overall
| Feature | IG | HYCM (Henyep Markets) |
| IG Review | HYCM (Henyep Markets) Review | |
| Overall | ||
| Winner | check_circle |
To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. IG received a rating of 4.50 stars over HYCM (Henyep Markets)'s 3.50 stars.
Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. HYCM (Henyep Markets) alongside IG are regulated in a major hub. IG is a publicly traded company while HYCM (Henyep Markets) is not. How many currency pairs are available to trade? IG boasts an offering of 93 different currency pairs compared to HYCM (Henyep Markets)'s 69 available pairs.
To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. HYCM (Henyep Markets) and IG both offer Meta Trader. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. IG trails HYCM (Henyep Markets) by 12 total charting tools, with HYCM (Henyep Markets) offering 31 and IG offering 19. HYCM (Henyep Markets) boasts an offering of 51 different indicators (for example, moving averages) compared to IG's 28 available indicators.
HYCM (Henyep Markets) Review
IG Review
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 01/15/2020 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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IG - 68% of retail investor accounts lose money when trading CFDs with this provider.
You should consider whether you can afford to take the high risk of losing your money.
