Is HYCM (Henyep Markets) better than TD Ameritrade Forex? After testing 30 of the best forex brokers over five months, TD Ameritrade Forex is better than HYCM (Henyep Markets). With over 70 currency pairs to trade alongside a plethora of tools, research, and education, TD Ameritrade's thinkorswim platform provides US-based forex traders the ultimate trading technology experience.
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TD Ameritrade Forex 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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Overall Rating
| Feature | TD Ameritrade Forex | HYCM (Henyep Markets) |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Trust Score | 98 | 84 |
| N/A of retail CFD accounts lose money | 71% of retail CFD accounts lose money | |
| TD Ameritrade Forex Review | HYCM (Henyep Markets) Review | |
| Winner | check_circle |
Regulation
| Feature | TD Ameritrade Forex | HYCM (Henyep Markets) |
| Trust Score | 98 | 84 |
|
Year Founded |
1955 | 1977 |
|
Publicly Traded (Listed) |
Yes | No |
|
Bank |
Yes | No |
|
Tier-1 Licenses |
5 | 2 |
|
Tier-2 Licenses |
0 | 2 |
|
Tier-3 Licenses |
0 | 1 |
|
Authorised in the European Union |
Yes | Yes |
Tier-1 Licenses
| Feature | TD Ameritrade Forex | HYCM (Henyep Markets) |
|
ASIC Authorised (Australia) |
No | No |
|
IIROC Authorised (Canada) |
No | No |
|
SFC Authorised (Hong Kong) |
Yes | Yes |
|
FSA Authorised (Japan) |
No | No |
|
MAS Authorised (Singapore) |
Yes | No |
|
FINMA Authorised (Switzerland) |
No | No |
|
FCA Authorised (UK) |
Yes | Yes |
|
CFTC Registered (USA) |
Yes | No |
Investments
| Feature | TD Ameritrade Forex | HYCM (Henyep Markets) |
|
Forex: Spot Trading |
Yes | Yes |
|
Social Trading / Copy-Trading |
Yes | Yes |
|
Currency Pairs (Total Forex pairs) |
73 | 69 |
|
CFDs - Total Offered |
0 | 278 |
|
Cryptocurrency traded as actual |
No | No |
|
Cryptocurrency traded as CFD |
No | Yes |
Cost
| Feature | TD Ameritrade Forex | HYCM (Henyep Markets) |
|
Average Spread EUR/USD - Standard |
1.065 pips (Sep 2019) | 2 |
|
All-in Cost EUR/USD - Active |
1.065 pips (Sep 2019) | 1.1 |
|
Active Trader or VIP Discounts |
Yes | Yes |
Funding
| Feature | TD Ameritrade Forex | HYCM (Henyep Markets) |
|
Minimum Initial Deposit |
$0.00 | $100 |
|
Bank Wire (Deposit/Withdraw) |
Yes | Yes |
|
Visa/Mastercard (Credit/Debit) |
No | Yes |
|
PayPal (Deposit/Withdraw) |
No | No |
|
Skrill (Deposit/Withdraw) |
No | Yes |
Trading Platforms
| Feature | TD Ameritrade Forex | HYCM (Henyep Markets) |
|
Proprietary Platform |
Yes | No |
|
Desktop Platform (Windows) |
Yes | Yes |
|
Web Platform |
Yes | Yes |
|
Social Trading / Copy-Trading |
Yes | Yes |
|
MetaTrader 4 (MT4) |
No | Yes |
|
MetaTrader 5 (MT5) |
No | Yes |
|
cTrader |
No | No |
Trading Tools
| Feature | TD Ameritrade Forex | HYCM (Henyep Markets) |
|
Virtual Trading (Demo) |
Yes | Yes |
|
Alerts - Basic Fields |
Yes | No |
|
Watchlists - Total Fields |
548 | (default MT4) |
|
Charting - Indicators / Studies (Total) |
382 | (default MT4) |
|
Charting - Drawing Tools (Total) |
20 | (default MT4) |
|
Charting - Trade From Chart |
Yes | Yes |
|
Charting - Drawings Autosave |
Yes | No |
|
Order Type - Trailing Stop |
Yes | Yes |
Mobile Trading
| Feature | TD Ameritrade Forex | HYCM (Henyep Markets) |
|
Android App |
Yes | Yes |
|
Apple iOS App |
Yes | Yes |
|
Trading - Forex |
Yes | Yes |
|
Trading - CFDs |
No | Yes |
|
Alerts - Basic Fields |
Yes | No |
|
Watch List |
Yes | No |
|
Watch List Syncing |
Yes | No |
|
Charting - Indicators / Studies |
348 | (default MT4) |
|
Charting - Draw Trendlines |
Yes | No |
|
Charting - Trendlines Moveable |
No | No |
|
Charting - Multiple Time Frames |
Yes | Yes |
|
Charting - Drawings Autosave |
Yes | No |
|
Forex Calendar |
Yes | No |
Research
| Feature | TD Ameritrade Forex | HYCM (Henyep Markets) |
|
Daily Market Commentary |
Yes | Yes |
|
Forex News (Top-Tier Sources) |
Yes | Yes |
|
Weekly Webinars |
No | Yes |
|
AutoChartist |
No | No |
|
Trading Central (Recognia) |
No | Yes |
|
Delkos Research |
No | No |
|
Social Sentiment - Currency Pairs |
No | No |
|
Economic Calendar |
Yes | Yes |
Education
| Feature | TD Ameritrade Forex | 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) |
Yes | Yes |
Major Forex Pairs
| Feature | TD Ameritrade Forex | 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 | TD Ameritrade Forex | HYCM (Henyep Markets) |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Trust Score | 98 | 84 |
| TD Ameritrade Forex Review | HYCM (Henyep Markets) Review | |
| Winner | check_circle |
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 TD Ameritrade Forex.
Does HYCM (Henyep Markets) or TD Ameritrade Forex 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, TD Ameritrade Forex offers better pricing overall for traders.
Is HYCM (Henyep Markets) or TD Ameritrade Forex 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. TD Ameritrade Forex holds 5 global Tier-1 licenses, while HYCM (Henyep Markets) holds 2. HYCM (Henyep Markets) holds 2 global Tier-2 licenses, while TD Ameritrade Forex holds 0. All regulators considered, TD Ameritrade Forex has a Trust Score of 98.00, while HYCM (Henyep Markets)'s Trust Score is 84.00.
Which trading platform is better: HYCM (Henyep Markets) or TD Ameritrade Forex?
To compare the trading platforms of both HYCM (Henyep Markets) and TD Ameritrade Forex, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, TD Ameritrade Forex offers a better experience. With research, TD Ameritrade Forex offers superior market research. Finally, we found TD Ameritrade Forex 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 TD Ameritrade Forex both offer copy trading. HYCM (Henyep Markets) offers MetaTrader 4 (MT4), while TD Ameritrade Forex does not.
How many forex pairs and CFDs are available to trade?
TD Ameritrade Forex provides traders 73 currency pairs (e.g., EUR/USD) compared to HYCM (Henyep Markets)'s 69 available pairs. Forex pairs aside, HYCM (Henyep Markets) offers traders access to 278 CFDs while TD Ameritrade Forex has 0 available CFDs, a difference of 278.
Overall, between HYCM (Henyep Markets) and TD Ameritrade Forex, TD Ameritrade Forex is the better forex broker.
HYCM (Henyep Markets) ReviewTD Ameritrade Forex 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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