ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Advertiser Disclosure
IG vs HYCM (Henyep Markets) 2019
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.
|
|
|
|
Since 1974, join 195,000 traders worldwide, listed on the FTSE 250 Visit Site
|
||
| Visit Site |
Overall Rating
| Feature | IG | HYCM (Henyep Markets) |
| Overall | ||
| IG Review | HYCM (Henyep Markets) Review | |
| 75% of retail CFD accounts lose money | 80% of retail CFD accounts lose money |
Regulation
| Feature | IG | HYCM (Henyep Markets) |
| Trust Score | 99 | 84 |
|
Year Founded |
1974 | 1977 |
|
Publicly Traded (Listed) |
Yes | No |
|
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 |
|
IIROC Authorised (Canada) |
No | No |
|
SFC Authorised (Hong Kong) |
No | Yes |
|
FSA Authorised (Japan) |
Yes | No |
|
MAS Authorised (Singapore) |
Yes | No |
|
FINMA Authorised (Switzerland) |
Yes | No |
|
FCA Authorised (UK) |
Yes | Yes |
|
CFTC Registered (USA) |
Yes | No |
Investments
| Feature | IG | HYCM (Henyep Markets) |
|
Forex: Spot Trading |
Yes | Yes |
|
Social Trading / Copy-Trading |
Yes | Yes |
|
Currency Pairs (Total Forex pairs) |
93 | 69 |
|
CFDs - Total Offered |
17535 | 225 |
|
Cryptocurrency traded as actual |
No | No |
|
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 |
|
All-in Cost EUR/USD - Active |
0.363 (as of Mar 16) | N/A |
|
Active Trader or VIP Discounts |
Yes | Yes |
| Commissions & Fees | ||
| Winner | check_circle |
Funding
| Feature | IG | HYCM (Henyep Markets) |
|
Minimum Initial Deposit |
£250.00 | $100 |
|
Bank Wire (Deposit/Withdraw) |
Yes | Yes |
|
Visa/Mastercard (Credit/Debit) |
Yes | Yes |
|
PayPal (Deposit/Withdraw) |
Yes | No |
|
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 |
|
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 |
|
Apple iOS App |
Yes | Yes |
|
Trading - Forex |
Yes | Yes |
|
Trading - CFDs |
Yes | Yes |
|
Alerts - Basic Fields |
Yes | Yes |
|
Watch List |
Yes | Yes |
|
Watch List Syncing |
Yes | No |
|
Charting - Indicators / Studies |
28 | 30 |
|
Charting - Draw Trend Lines |
Yes | Yes |
|
Charting - Trend Lines Moveable |
Yes | No |
|
Charting - Multiple Time Frames |
Yes | Yes |
|
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 |
|
Delkos Research |
No | No |
|
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 |
|
Has Education - CFDs |
Yes | 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) |
Yes | Yes |
| Education | ||
| Winner | check_circle |
Major Forex Pairs
| Feature | IG | 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 | IG | HYCM (Henyep Markets) |
| IG Review | HYCM (Henyep Markets) Review | |
| Overall | ||
| Winner | check_circle |
To assess both of these forex brokers, we will begin with cost. Comparing two fx brokers on cost is not easy. First, not every broker publicizes their average spreads. And, for the brokers that do publish their data, the formulas used to calculate average spreads can vary. Furthermore, the currency pair you are trading can impact cost, as well as the execution policies of the broker. Dealing desk or no dealing desk? The list goes on and on. To make comparing cost easy, we have a star rating that takes everything into account. IG is a better option with a 4.50 star rating over HYCM (Henyep Markets)'s 3.50 star rating.
Next to commissions and fees, regulation and currency availability are important to take into consideration. You want to trust and have confidence the forex broker you choose. HYCM (Henyep Markets) and IG both are regulated in a major hub. IG is a publicly traded company, HYCM (Henyep Markets) isn't. And, when it comes to total currency pairs available to trade, a quick comparison is helpful. HYCM (Henyep Markets) trails IG by 24 total currency pairs (for example, EUR/USD), with IG offering 93 and HYCM (Henyep Markets) offering 69.
To round out our comparison of HYCM (Henyep Markets) vs IG, let's look at the tools and features most used by forex traders. For trading platforms, traders are all familiar with MetaTrader. HYCM (Henyep Markets) and IG both offer Meta Trader. With a platform picked out, looking at charts is a must so they should be of high-quality. As part of our research, we count the number of drawing tools and total technical indicators available. HYCM (Henyep Markets) offers its clients access to 31 charting tools while IG has 19 charting tools, a difference of 12. HYCM (Henyep Markets) offers its clients access to 51 different indicators (for example, volume) while IG has 28 available indicators, a difference of 23.
HYCM (Henyep Markets) Review
IG Review
Trading CFDs, FX, and cryptocurrencies involves 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 02/18/2019 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.
IG - 76% 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.
