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HYCM (Henyep) vs Vestle 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is HYCM (Henyep) better than Vestle? In our analysis of 23 international regulators across 62 of the best forex brokers, HYCM is considered average-risk, with an overall Trust Score of 86 out of 99. Vestle is considered average-risk, with an overall Trust Score of 79 out of 99. Learn more about Trust Score.

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Overall RatingHYCM (Henyep)Vestle
Overall Rating 4/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 3/5 Stars
Offering of Investments 3.5/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3.5/5 Stars
Education 3.5/5 Stars 3/5 Stars
Trust Score 86 79
Winner check_circle
Review HYCM (Henyep) Review
RegulationHYCM (Henyep)Vestle
Trust Score 86 79
Year Founded 1977 1996
Publicly Traded (Listed) No No
Bank No No
Authorised in European Union Yes info No info
Tier-1 Licenses 2 1
Tier-2 Licenses 2 1
Tier-3 Licenses 1 1
Tier-1 Licenses (High Trust)HYCM (Henyep)Vestle
ASIC Authorised (Australia) No No
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) Yes No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) Yes Yes
CFTC Registered (USA) No No
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust)HYCM (Henyep)Vestle
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) Yes Yes
SEBI Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) No No
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) Yes No
Tier-3 Licenses (Low Trust)HYCM (Henyep)Vestle
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No No
CIMA Authorised (Cayman Islands) Yes No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No Yes
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No No
InvestmentsHYCM (Henyep)Vestle
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 362 750
Forex Pairs (Total) 70 88
U.S. Stock Trading (Non CFD) No No
Int'l Stock Trading (Non CFD) Yes No
Social Trading / Copy Trading No No
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
CostHYCM (Henyep)Vestle
Average Spread EUR/USD - Standard 0.6 info N/A
All-in Cost EUR/USD - Active 0.6 info N/A
Active Trader or VIP Discounts Yes No
Execution: Agency Broker Yes No
Execution: Market Maker Yes Yes
FundingHYCM (Henyep)Vestle
Minimum Deposit $100 -1
PayPal (Deposit/Withdraw) No Yes
Skrill (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsHYCM (Henyep)Vestle
Proprietary Platform Yes Yes
Desktop Platform (Windows) Yes No
Web Platform Yes Yes
Social Trading / Copy Trading No No
MetaTrader 4 (MT4) Yes No
MetaTrader 5 (MT5) Yes No
cTrader No No
DupliTrade No No
ZuluTrade No No
Trading ToolsHYCM (Henyep)Vestle
Virtual Trading (Demo) Yes No
Alerts - Basic Fields Yes No
Watchlists - Total Fields 7 9
Charting - Indicators / Studies (Total) 30 57
Charting - Drawing Tools (Total) 15 25
Charting - Trade From Chart Yes Yes
Charts can be saved Yes No
Mobile TradingHYCM (Henyep)Vestle
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes No
Mobile Watchlist Yes No
Watchlist Syncing No No
Mobile Charting - Indicators / Studies 30 N/A
Mobile Charting - Draw Trendlines Yes No
Mobile Charting - Multiple Time Frames Yes No
Mobile Charting - Drawings Autosave Yes No
Forex Calendar Yes No
ResearchHYCM (Henyep)Vestle
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) Yes No
Autochartist No No
Trading Central (Recognia) Yes Yes
Social Sentiment - Currency Pairs No Yes
Economic Calendar Yes Yes
EducationHYCM (Henyep)Vestle
Has Education - Forex or CFDs No No
Client Webinars Yes No
Client Webinars (Archived) Yes No
Videos - Beginner Trading Videos Yes Yes
Videos - Advanced Trading Videos No No
Investor Dictionary (Glossary) Yes No
Major Forex PairsHYCM (Henyep)Vestle
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
Review HYCM (Henyep) Review
OverallHYCM (Henyep)Vestle
Overall Rating 4/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 3/5 Stars
Offering of Investments 3.5/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3.5/5 Stars
Education 3.5/5 Stars 3/5 Stars
Trust Score 86 79
Winner check_circle
Review HYCM (Henyep) Review
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HYCM (Henyep) vs Vestle Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare HYCM (Henyep) vs Vestle.

Does HYCM (Henyep) or Vestle 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, HYCM (Henyep) offers better pricing overall for traders.

Is HYCM (Henyep) or Vestle safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. HYCM (Henyep) holds 2 global Tier-1 licenses, while Vestle holds 1. HYCM (Henyep) holds 2 global Tier-2 licenses, while Vestle holds 1. In our analysis of 23 international regulators across 50 brokers, HYCM (Henyep) earned a higher Trust Score than Vestle.

Which trading platform is better: HYCM (Henyep) or Vestle?

To compare the trading platforms of both HYCM (Henyep) and Vestle, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, HYCM (Henyep) offers a better experience. With research, HYCM (Henyep) offers superior market research. Finally, we found HYCM (Henyep) 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. Neither broker offers Meta Trader.Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

Vestle provides traders 88 currency pairs (e.g., EUR/USD) compared to HYCM (Henyep)'s 70 available pairs. Forex pairs aside, Vestle offers traders access to 750 CFDs while HYCM (Henyep) has 362 available CFDs, a difference of 388.

Can I trust HYCM (Henyep)?

HYCM is not publicly traded and does operate a bank. HYCM is authorised by two tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). HYCM is authorised by the following tier-1 regulators: Securities Futures Commission (SFC) and Financial Conduct Authority (FCA).

Can I trust Vestle?

Vestle is not publicly traded and does not operate a bank. Vestle is authorised by one tier-1 regulator (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust). Vestle is authorised by the following tier-1 regulators: Financial Conduct Authority (FCA).

Is HYCM (Henyep) good?

HYCM is a trusted brand that offers a straightforward MetaTrader platform experience. Its Raw account delivers competitive pricing, and traders gain access to third-party modules from Trading Central as well as exchange-traded securities (available through a separate platform). That said, HYCM offers a narrow range of symbols to forex and CFD traders.

Is Vestle good?

Vestle is operated by a long-standing company, previously known as iForex, with regulatory status in a growing number of jurisdictions, offering forex and CFDs through its proprietary platform. The biggest drawback is the lack of markets you can trade with fewer than 200, compared to the best multi asset forex and CFD brokers.

Overall winner: HYCM (Henyep)

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announcementPlease note:

We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.

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