Is HYCM (Henyep Markets) better than XTB? After testing 30 of the best forex brokers over five months, XTB is better than HYCM (Henyep Markets). As a trusted multi-asset broker, XTB offers traders outstanding customer service and an excellent trading experience overall thanks to the xStation 5 trading platform.
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XTB 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 | XTB | HYCM (Henyep Markets) |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Trust Score | 92 | 84 |
| 82% of retail CFD accounts lose money | 71% of retail CFD accounts lose money | |
| XTB Review | HYCM (Henyep Markets) Review | |
| Winner | check_circle |
Regulation
| Feature | XTB | HYCM (Henyep Markets) |
| Trust Score | 92 | 84 |
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Year Founded |
2002 | 1977 |
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Publicly Traded (Listed) |
Yes | No |
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Bank |
No | No |
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Tier-1 Licenses |
1 | 2 |
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Tier-2 Licenses |
1 | 2 |
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Tier-3 Licenses |
1 | 1 |
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Authorised in the European Union |
Yes | Yes |
Tier-1 Licenses
| Feature | XTB | HYCM (Henyep Markets) |
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ASIC Authorised (Australia) |
No | No |
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IIROC Authorised (Canada) |
No | No |
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SFC Authorised (Hong Kong) |
No | Yes |
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FSA Authorised (Japan) |
No | No |
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MAS Authorised (Singapore) |
No | No |
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FINMA Authorised (Switzerland) |
No | No |
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FCA Authorised (UK) |
Yes | Yes |
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CFTC Registered (USA) |
No | No |
Investments
| Feature | XTB | HYCM (Henyep Markets) |
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Forex: Spot Trading |
Yes | Yes |
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Social Trading / Copy-Trading |
Yes | Yes |
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Currency Pairs (Total Forex pairs) |
49 | 69 |
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CFDs - Total Offered |
9600 | 278 |
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Cryptocurrency traded as actual |
No | No |
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Cryptocurrency traded as CFD |
Yes | Yes |
Cost
| Feature | XTB | HYCM (Henyep Markets) |
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Average Spread EUR/USD - Standard |
0.86 (Q2 2020) | 2 |
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All-in Cost EUR/USD - Active |
0.78 (as of Q3 19) | 1.1 |
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Active Trader or VIP Discounts |
Yes | Yes |
Funding
| Feature | XTB | HYCM (Henyep Markets) |
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Minimum Initial Deposit |
$0.00 | $100 |
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Bank Wire (Deposit/Withdraw) |
Yes | Yes |
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Visa/Mastercard (Credit/Debit) |
Yes | Yes |
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PayPal (Deposit/Withdraw) |
Yes | No |
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Skrill (Deposit/Withdraw) |
Yes | Yes |
Trading Platforms
| Feature | XTB | HYCM (Henyep Markets) |
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Proprietary Platform |
Yes | No |
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Desktop Platform (Windows) |
Yes | Yes |
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Web Platform |
Yes | Yes |
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Social Trading / Copy-Trading |
Yes | Yes |
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MetaTrader 4 (MT4) |
Yes | Yes |
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MetaTrader 5 (MT5) |
No | Yes |
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cTrader |
No | No |
Trading Tools
| Feature | XTB | HYCM (Henyep Markets) |
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Virtual Trading (Demo) |
Yes | Yes |
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Alerts - Basic Fields |
Yes | No |
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Watchlists - Total Fields |
8 | (default MT4) |
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Charting - Indicators / Studies (Total) |
37 | (default MT4) |
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Charting - Drawing Tools (Total) |
29 | (default MT4) |
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Charting - Trade From Chart |
Yes | Yes |
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Charting - Drawings Autosave |
Yes | No |
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Order Type - Trailing Stop |
Yes | Yes |
Mobile Trading
| Feature | XTB | HYCM (Henyep Markets) |
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Android App |
Yes | Yes |
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Apple iOS App |
Yes | Yes |
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Trading - Forex |
Yes | Yes |
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Trading - CFDs |
Yes | Yes |
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Alerts - Basic Fields |
No | No |
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Watch List |
Yes | No |
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Watch List Syncing |
No | No |
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Charting - Indicators / Studies |
13 | (default MT4) |
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Charting - Draw Trendlines |
Yes | No |
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Charting - Trendlines Moveable |
Yes | No |
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Charting - Multiple Time Frames |
Yes | Yes |
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Charting - Drawings Autosave |
Yes | No |
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Forex Calendar |
Yes | No |
Research
| Feature | XTB | HYCM (Henyep Markets) |
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Daily Market Commentary |
Yes | Yes |
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Forex News (Top-Tier Sources) |
Yes | Yes |
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Weekly Webinars |
No | Yes |
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AutoChartist |
No | No |
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Trading Central (Recognia) |
No | Yes |
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Delkos Research |
No | No |
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Social Sentiment - Currency Pairs |
Yes | No |
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Economic Calendar |
Yes | Yes |
Education
| Feature | XTB | HYCM (Henyep Markets) |
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Has Education - Forex |
Yes | No |
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Has Education - CFDs |
Yes | No |
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Client Webinars |
No | Yes |
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Client Webinars (Archived) |
Yes | No |
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Videos - Beginner Trading Videos |
Yes | Yes |
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Videos - Advanced Trading Videos |
Yes | No |
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Investor Dictionary (Glossary) |
No | Yes |
Major Forex Pairs
| Feature | XTB | HYCM (Henyep Markets) |
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GBP/USD |
Yes | Yes |
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USD/JPY |
Yes | Yes |
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EUR/USD |
Yes | Yes |
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USD/CHF |
Yes | Yes |
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USD/CAD |
Yes | Yes |
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NZD/USD |
Yes | Yes |
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AUD/USD |
Yes | Yes |
Overall
| Feature | XTB | HYCM (Henyep Markets) |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Trust Score | 92 | 84 |
| XTB 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 XTB.
Does HYCM (Henyep Markets) or XTB 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, XTB offers better pricing overall for traders.
Is HYCM (Henyep Markets) or XTB 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. HYCM (Henyep Markets) holds 2 global Tier-1 licenses, while XTB holds 1. HYCM (Henyep Markets) holds 2 global Tier-2 licenses, while XTB holds 1. All regulators considered, XTB has a Trust Score of 92.00, while HYCM (Henyep Markets)'s Trust Score is 84.00.
Which trading platform is better: HYCM (Henyep Markets) or XTB?
To compare the trading platforms of both HYCM (Henyep Markets) and XTB, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, XTB offers a better experience. With research, XTB offers superior market research. Finally, we found XTB 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 XTB both offer copy trading. Both HYCM (Henyep Markets) and XTB offer MetaTrader 4 (MT4).
How many forex pairs and CFDs are available to trade?
HYCM (Henyep Markets) provides traders 69 currency pairs (e.g., EUR/USD) compared to XTB's 49 available pairs. Forex pairs aside, XTB offers traders access to 9600 CFDs while HYCM (Henyep Markets) has 278 available CFDs, a difference of 9,322.
Overall, between HYCM (Henyep Markets) and XTB, XTB is the better forex broker.
HYCM (Henyep Markets) ReviewXTB 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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