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HYCM (Henyep Markets) vs LCG 2019

Is HYCM (Henyep Markets) better than LCG? After grading the best forex brokers on nearly 100 different variables, LCG is better than HYCM (Henyep Markets). While losing its publicly-traded status doesn’t help LCG’s credibility, LCG does offer excellent customer service and competitive pricing, specifically with its LCGTrader (cTrader) ECN account offering ($10,000 min deposit).
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 HYCM (Henyep Markets) LCG
Overall 3 4
HYCM (Henyep Markets) Review LCG Review
80% of retail CFD accounts lose money 79% of retail CFD accounts lose money

Regulation

Feature HYCM (Henyep Markets) LCG
Trust Score 84 81
Year Founded
1977 1996
Publicly Traded (Listed)
No No
Bank
No No
Tier-1 Licenses
2 1
Tier-2 Licenses
2 1
Tier-3 Licenses
1 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature HYCM (Henyep Markets) LCG
ASIC Authorised (Australia)
No No
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
Yes No
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 HYCM (Henyep Markets) LCG
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
69 61
CFDs - Total Offered
225 4759
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 2.5 3.5
Winner check_circle

Cost

Feature HYCM (Henyep Markets) LCG
Average Spread EUR/USD - Standard
N/A 1.45 (as of Oct 19)
All-in Cost EUR/USD - Active
N/A 0.65 (as of Oct 19)
Active Trader or VIP Discounts
Yes Yes
Commissions & Fees 3.5 3
Winner check_circle

Funding

Feature HYCM (Henyep Markets) LCG
Minimum Initial Deposit
$100 $0.00
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
No No
Skrill (Deposit/Withdraw)
No Yes

Trading Platforms

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

Trading Tools

Feature HYCM (Henyep Markets) LCG
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
7 7
Charting - Indicators / Studies (Total)
51 51
Charting - Drawing Tools (Total)
31 31
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes Yes
Order Type - Trailing Stop
Yes Yes
Platform & Tools 1.5 3.5
Winner check_circle

Mobile Trading

Feature HYCM (Henyep Markets) LCG
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
No Yes
Charting - Indicators / Studies
30 30
Charting - Draw Trend Lines
Yes Yes
Charting - Trend Lines Moveable
No Yes
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No No
Forex Calendar
No No
Mobile Trading 2.5 3.5
Winner check_circle

Research

Feature HYCM (Henyep Markets) LCG
Daily Market Commentary
No Yes
Forex News (Top-Tier Sources)
No Yes
Weekly Webinars
No Yes
AutoChartist
No No
Trading Central (Recognia)
Yes Yes
Delkos Research
No No
Social Sentiment - Currency Pairs
No Yes
Economic Calendar
Yes Yes
Research 3 3.5
Winner check_circle

Education

Feature HYCM (Henyep Markets) LCG
Has Education - Forex
No Yes
Has Education - CFDs
No No
Client Webinars
Yes Yes
Client Webinars (Archived)
No Yes
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
No Yes
Investor Dictionary (Glossary)
Yes Yes
Education 3 3
Winner check_circle

Major Forex Pairs

Feature HYCM (Henyep Markets) LCG
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 HYCM (Henyep Markets) LCG
HYCM (Henyep Markets) Review LCG Review
Overall 3 4
Winner check_circle
Our ForexBrokers.com team spent several months and hundreds of hours assessing 28 different forex broker accounts for trading FX. In total, over 2,200 data points were collected. For this review, we will compare HYCM (Henyep Markets) vs LCG.

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. HYCM (Henyep Markets) is a better option with a 3.50 star rating over LCG's 3.00 star rating.

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) and LCG both are regulated in a major hub. Neither HYCM (Henyep Markets) and LCG are publicly traded companies. How many currency pairs are available to trade? HYCM (Henyep Markets) offers its clients access to 69 different currency pairs while LCG has 61 available pairs, a difference of 8.

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 LCG 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. Both brokers offer clients access to the same number of charting tools, 31. Both HYCM (Henyep Markets) and LCG provide clients with access to 51 total indicators (eg, moving averages).

HYCM (Henyep Markets) Review
LCG 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.

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