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HYCM (Henyep Markets) vs TD Ameritrade Forex 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 | 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 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. TD Ameritrade Forex is a better option with a 4 star rating over HYCM (Henyep Markets)'s 3.5 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 TD Ameritrade Forex both are regulated in a major hub. TD Ameritrade Forex is a publicly traded company, while HYCM (Henyep Markets) is not. How many currency pairs are available to trade? TD Ameritrade Forex boasts an offering of 75 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) offers Meta Trader while TD Ameritrade Forex does not. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. TD Ameritrade Forex trails HYCM (Henyep Markets) by 11 total charting tools, with HYCM (Henyep Markets) offering 31 and TD Ameritrade Forex offering 20. TD Ameritrade Forex offers its clients access to 382 different indicators (for example, volume) while HYCM (Henyep Markets) has 51 available indicators, a difference of 331.
HYCM (Henyep Markets) Review
TD Ameritrade Forex 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 01/20/2020 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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