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HYCM (Henyep Markets) vs TD Ameritrade Forex 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.
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Overall Rating
| Feature | HYCM (Henyep Markets) | TD Ameritrade Forex |
| Overall | ||
| HYCM (Henyep Markets) Review | TD Ameritrade Forex Review | |
| 80% of retail CFD accounts lose money | N/A of retail CFD accounts lose money |
Regulation
| Feature | HYCM (Henyep Markets) | TD Ameritrade Forex |
| Trust Score | 84 | 96 |
|
Year Founded |
1977 | 1955 |
|
Publicly Traded (Listed) |
No | Yes |
|
Bank |
No | Yes |
|
Tier-1 Licenses |
2 | 5 |
|
Tier-2 Licenses |
2 | 0 |
|
Tier-3 Licenses |
1 | 0 |
|
Authorised in the European Union |
Yes | Yes |
Tier-1 Licenses
| Feature | HYCM (Henyep Markets) | TD Ameritrade Forex |
|
ASIC Authorised (Australia) |
No | No |
|
IIROC Authorised (Canada) |
No | No |
|
SFC Authorised (Hong Kong) |
Yes | Yes |
|
FSA Authorised (Japan) |
No | No |
|
MAS Authorised (Singapore) |
No | Yes |
|
FINMA Authorised (Switzerland) |
No | No |
|
FCA Authorised (UK) |
Yes | Yes |
|
CFTC Registered (USA) |
No | Yes |
Investments
| Feature | HYCM (Henyep Markets) | TD Ameritrade Forex |
|
Forex: Spot Trading |
Yes | Yes |
|
Social Trading / Copy-Trading |
Yes | Yes |
|
Currency Pairs (Total Forex pairs) |
69 | 75 |
|
CFDs - Total Offered |
225 | 0 |
|
Cryptocurrency traded as actual |
No | No |
|
Cryptocurrency traded as CFD |
Yes | No |
| Offering of Investments | ||
| Winner | check_circle |
Cost
| Feature | HYCM (Henyep Markets) | TD Ameritrade Forex |
|
Average Spread EUR/USD - Standard |
N/A | 1.065 pips (Sep 2019) |
|
All-in Cost EUR/USD - Active |
N/A | 1.065 pips (Sep 2019) |
|
Active Trader or VIP Discounts |
Yes | Yes |
| Commissions & Fees | ||
| Winner | check_circle |
Funding
| Feature | HYCM (Henyep Markets) | TD Ameritrade Forex |
|
Minimum Initial Deposit |
$100 | $0.00 |
|
Bank Wire (Deposit/Withdraw) |
Yes | Yes |
|
Visa/Mastercard (Credit/Debit) |
Yes | No |
|
PayPal (Deposit/Withdraw) |
No | No |
|
Skrill (Deposit/Withdraw) |
No | No |
Trading Platforms
| Feature | HYCM (Henyep Markets) | TD Ameritrade Forex |
|
Proprietary Platform |
No | Yes |
|
Desktop Platform (Windows) |
Yes | Yes |
|
Web Platform |
No | Yes |
|
Social Trading / Copy-Trading |
Yes | Yes |
|
MetaTrader 4 (MT4) |
Yes | No |
|
MetaTrader 5 (MT5) |
No | No |
|
cTrader |
No | No |
Trading Tools
| Feature | HYCM (Henyep Markets) | TD Ameritrade Forex |
|
Virtual Trading (Demo) |
Yes | Yes |
|
Alerts - Basic Fields |
Yes | Yes |
|
Watchlists - Total Fields |
7 | 548 |
|
Charting - Indicators / Studies (Total) |
51 | 382 |
|
Charting - Drawing Tools (Total) |
31 | 20 |
|
Charting - Trade From Chart |
Yes | Yes |
|
Charting - Drawings Autosave |
Yes | Yes |
|
Order Type - Trailing Stop |
Yes | Yes |
| Platform & Tools | ||
| Winner | check_circle |
Mobile Trading
| Feature | HYCM (Henyep Markets) | TD Ameritrade Forex |
|
Android App |
Yes | Yes |
|
Apple iOS App |
Yes | Yes |
|
Trading - Forex |
Yes | Yes |
|
Trading - CFDs |
Yes | No |
|
Alerts - Basic Fields |
Yes | Yes |
|
Watch List |
Yes | Yes |
|
Watch List Syncing |
No | Yes |
|
Charting - Indicators / Studies |
30 | 397 |
|
Charting - Draw Trend Lines |
Yes | No |
|
Charting - Trend Lines Moveable |
No | No |
|
Charting - Multiple Time Frames |
Yes | Yes |
|
Charting - Drawings Autosave |
No | Yes |
|
Forex Calendar |
No | Yes |
| Mobile Trading | ||
| Winner | check_circle |
Research
| Feature | HYCM (Henyep Markets) | TD Ameritrade Forex |
|
Daily Market Commentary |
No | Yes |
|
Forex News (Top-Tier Sources) |
No | Yes |
|
Weekly Webinars |
No | No |
|
AutoChartist |
No | No |
|
Trading Central (Recognia) |
Yes | No |
|
Delkos Research |
No | No |
|
Social Sentiment - Currency Pairs |
No | No |
|
Economic Calendar |
Yes | Yes |
| Research | ||
| Winner | check_circle |
Education
| Feature | HYCM (Henyep Markets) | TD Ameritrade Forex |
|
Has Education - Forex |
No | Yes |
|
Has Education - CFDs |
No | No |
|
Client Webinars |
Yes | Yes |
|
Client Webinars (Archived) |
No | No |
|
Videos - Beginner Trading Videos |
Yes | Yes |
|
Videos - Advanced Trading Videos |
No | No |
|
Investor Dictionary (Glossary) |
Yes | Yes |
| Education | ||
| Winner | check_circle |
Major Forex Pairs
| Feature | HYCM (Henyep Markets) | TD Ameritrade Forex |
|
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) | TD Ameritrade Forex |
| HYCM (Henyep Markets) Review | TD Ameritrade Forex Review | |
| Overall | ||
| Winner | check_circle |
To compare these two FX brokers, we will first take a look at the fees charged for trading (no easy task). Not every forex broker publicizes their average spreads, spreads data can vary, as can execution policies and how commissions are charged. Specifically, is the broker a dealing desk (market maker), no dealing desk (agency broker) or are both execution methods offered (dealing desk + STP/ECN)? To simplify this research, we assessed everything for you and provide a single star rating for cost. TD Ameritrade Forex received a rating of 4.00 stars over HYCM (Henyep Markets)'s 3.50 stars.
Commissions and fees aside, let's take a look at regulation and currency availability. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. HYCM (Henyep Markets) and TD Ameritrade Forex both are regulated in a major hub. TD Ameritrade Forex is a publicly traded company, while HYCM (Henyep Markets) is not. As far as how many currency pairs are available for trading, here's the answer. TD Ameritrade Forex boasts an offering of 75 different currency pairs compared to HYCM (Henyep Markets)'s 69 available pairs.
Next, let's look at the tools and features fx traders desire. With trading platforms, forex traders are all familiar with MetaTrader. HYCM (Henyep Markets) makes Meta Trader available to clients, while TD Ameritrade Forex does not. Regardless of the trading platform you use, charting should be feature rich. To help compare these two brokers, we counted the number of drawing tools and total technical indicators made available. HYCM (Henyep Markets) boasts an offering of 31 charting tools compared to TD Ameritrade Forex's 20 available charting tools. HYCM (Henyep Markets) trails TD Ameritrade Forex by 331 total different indicators (for example, moving averages), with TD Ameritrade Forex offering 382 and HYCM (Henyep Markets) offering 51.
HYCM (Henyep Markets) Review
TD Ameritrade Forex 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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