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HYCM (Henyep Markets) vs ThinkMarkets 2019

Is HYCM (Henyep Markets) better than ThinkMarkets? After assessing the best forex brokers on nearly 100 different variables, ThinkMarkets is better than HYCM (Henyep Markets). ThinkMarkets provides regulated forex and CFDs on multiple asset classes, including cryptocurrencies. Despite offering a proprietary trading platform as well as MT4, ThinkMarkets fails to compete with industry leaders.
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) ThinkMarkets
Overall 3 3.5
HYCM (Henyep Markets) Review ThinkMarkets Review
80% of retail CFD accounts lose money 74-89% of retail CFD accounts lose money

Regulation

Feature HYCM (Henyep Markets) ThinkMarkets
Trust Score 84 80
Year Founded
1977 2010
Publicly Traded (Listed)
No No
Bank
No No
Tier-1 Licenses
2 2
Tier-2 Licenses
2 0
Tier-3 Licenses
1 0
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature HYCM (Henyep Markets) ThinkMarkets
ASIC Authorised (Australia)
No Yes
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) ThinkMarkets
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
69 40
CFDs - Total Offered
225 192
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 2.5 3
Winner check_circle

Cost

Feature HYCM (Henyep Markets) ThinkMarkets
Average Spread EUR/USD - Standard
N/A N/A
All-in Cost EUR/USD - Active
N/A N/A
Active Trader or VIP Discounts
Yes Yes
Commissions & Fees 3.5 3.5
Winner check_circle

Funding

Feature HYCM (Henyep Markets) ThinkMarkets
Minimum Initial Deposit
$100 $250.00
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
No No
Skrill (Deposit/Withdraw)
No No

Trading Platforms

Feature HYCM (Henyep Markets) ThinkMarkets
Proprietary Platform
No Yes
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 No

Trading Tools

Feature HYCM (Henyep Markets) ThinkMarkets
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) ThinkMarkets
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 No
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 4
Winner check_circle

Research

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

Education

Feature HYCM (Henyep Markets) ThinkMarkets
Has Education - Forex
No Yes
Has Education - CFDs
No Yes
Client Webinars
Yes Yes
Client Webinars (Archived)
No Yes
Videos - Beginner Trading Videos
Yes No
Videos - Advanced Trading Videos
No No
Investor Dictionary (Glossary)
Yes Yes
Education 3 3.5
Winner check_circle

Major Forex Pairs

Feature HYCM (Henyep Markets) ThinkMarkets
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) ThinkMarkets
HYCM (Henyep Markets) Review ThinkMarkets Review
Overall 3 3.5
Winner check_circle
After spending several months and hundreds of hours researching 28 different forex brokers for trading FX, our team at ForexBrokers.com team collected over 2,200 data points. For this review, we will compare HYCM (Henyep Markets) vs ThinkMarkets.

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. Both HYCM (Henyep Markets) and ThinkMarkets hold a 3.50 star rating.

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. Both HYCM (Henyep Markets) and ThinkMarkets are regulated in a major hub. Neither HYCM (Henyep Markets) and ThinkMarkets are publicly traded companies. As far as how many currency pairs are available for trading, here's the answer. HYCM (Henyep Markets) offers its clients access to 69 different currency pairs while ThinkMarkets has 40 available pairs, a difference of 29.

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) alongside ThinkMarkets offer Meta Trader. 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. Both brokers offer clients access to the same number of charting tools, 31. Both brokers offer clients access to the same number of indicators (eg, moving averages), 51.

HYCM (Henyep Markets) Review
ThinkMarkets 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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