Written by ForexBrokers.com
In this head to head comparison of HYCM (Henyep Capital Markets) vs HFM, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
When comparing HYCM (Henyep Capital Markets) and HFM, both brokers offer solid trust credentials, each having been awarded a Trust Score of 86 by ForexBrokers.com, denoting a 'trusted' status. Established in 1977, HYCM brings a wealth of experience to the table, while HFM, founded in 2010, has rapidly gained a foothold in the online trading sector. Neither broker is publicly traded nor operates as a bank, which indicates their focus is solely on brokerage services rather than broader financial operations.
In terms of regulatory licenses, both HYCM and HFM hold two Tier-1 licenses, which are highly regarded in the industry for upholding stringent standards. However, HFM edges slightly ahead with three Tier-2 licenses compared to HYCM's one, suggesting a broader compliance approach. This gives potential clients confidence as they evaluate the safety and reliability of these platforms in the world of online trading.
| Feature |
HYCM (Henyep Capital Markets)
|
HFM
|
|---|---|---|
| Year Founded | 1977 | 2010 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 3 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
Comparing commissions and fees, HYCM (Henyep Capital Markets) generally posts keener headline pricing than HFM. HYCM’s Raw account averages about 0.6 pips all-in on EUR/USD after commission, while its Classic account has variable spreads starting from 1.2 pips. HYCM also offers a fixed-spread account at 1.5 pips. HFM states a typical 1.2-pip spread on its standard accounts, but without an average or date range, the real average may be higher. HFM’s Zero account lists an effective 0.7 pips after commission, which is also not an average. Actual spreads can vary by market conditions and account type.
On quality of pricing, HYCM earns 4.5 out of 5 stars for commissions and fees and ranks #18 out of 63 brokers at ForexBrokers.com. HFM earns 4 out of 5 stars and ranks #28 out of 63. If you want the lowest quoted EUR/USD pricing and are fine with commission-based trading, HYCM’s Raw account (0.6 pips) edges HFM’s Zero account (0.7 pips). For spread-only pricing, both advertise around 1.2 pips on standard accounts, and HYCM adds a 1.5-pip fixed option for those who prefer predictable costs.
| Feature |
HYCM (Henyep Capital Markets)
|
HFM
|
|---|---|---|
| Minimum Deposit | $20 | $0 |
| Average spread (EUR/USD) - Standard account | 1.3 | 1.8 |
| All-in Cost EUR/USD - Active | 0.6 | 1.1 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
HYCM (Henyep Capital Markets) and HFM both let you trade forex as CFDs or spot contracts. HYCM lists 1,199 tradeable symbols and 70 forex pairs, while HFM offers 500 symbols but a larger lineup of 102 forex pairs. Both earn 4 out of 5 stars for range of investments; in ForexBrokers.com’s rankings, HYCM sits at #27 out of 63 brokers and HFM at #28.
The big difference is stock market access. HYCM lets you buy real, exchange-traded shares on U.S. and international exchanges (think Apple on NASDAQ or Vodafone in London), whereas HFM does not offer real share dealing. HFM, however, supports copy trading; HYCM does not. For crypto, both brokers provide cryptocurrency CFDs, but neither lets you buy the actual coins. Choose HYCM if you want real stock ownership in addition to CFDs, or HFM if copy trading and a wider list of forex pairs are priorities.
| Feature |
HYCM (Henyep Capital Markets)
|
HFM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 500 |
| Forex Pairs (Total) | 70 | 102 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | No | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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). |
Dive deeper: Best Copy Trading Platforms.
HYCM (Henyep Capital Markets) and HFM both cover the essentials for trading platforms and tools. Each broker provides a free demo account, a proprietary platform developed in-house, and support for MetaTrader 4 (MT4) and MetaTrader 5 (MT5). You can trade via a web-based browser platform or a Windows desktop download with either broker, and both allow trading directly from charts.
The standout difference is copy trading: HFM offers it, while HYCM does not. According to ForexBrokers.com’s Trading Platforms and Tools category, both brokers earn 4 stars, with HYCM ranked #32 out of 63 brokers and HFM close behind at #33. If copy trading is a priority, HFM has the edge; otherwise, their platform lineups are largely comparable.
| Feature |
HYCM (Henyep Capital Markets)
|
HFM
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 30 | 15 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
HYCM (Henyep Capital Markets) and HFM both deliver full-featured mobile trading apps for iPhone and Android. Each app supports price alerts and offers 30 technical studies for charting. You can draw trendlines, and your drawings auto-save, making it easy to pick up where you left off. Both brokers earned a 4-star rating for Mobile Trading Apps from ForexBrokers.com.
One limitation is the same for both: watchlist symbol syncing isn’t available between the mobile app and your online account. In third-party rankings, HYCM holds a slight edge—out of 63 brokers, HYCM is ranked #30 for Mobile Trading Apps by ForexBrokers.com, while HFM is #32. If you care about a small ranking advantage, HYCM nudges ahead; otherwise, their mobile features are nearly identical.
| Feature |
HYCM (Henyep Capital Markets)
|
HFM
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Comparing HYCM (Henyep Capital Markets) and HFM for market research: both brokers deliver daily market commentary, live forex news from leading sources such as Bloomberg, Reuters, and Dow Jones, plus an economic calendar for upcoming events. Neither offers research from TipRanks or Acuity Trading (Signal Centre).
The key differences are in their toolsets. HFM includes Autochartist and a sentiment tool that shows long/short positioning, while HYCM provides research from Trading Central (which HFM does not). Reflecting these features, ForexBrokers.com rates HFM higher for research with 4 stars and a #18 ranking out of 63 brokers, compared with HYCM’s 3.5 stars and #29 ranking. Choose HFM if you want Autochartist and sentiment insights; pick HYCM if Trading Central analysis is your priority.
| Feature |
HYCM (Henyep Capital Markets)
|
HFM
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central | Yes | No |
| Client sentiment data | No | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
HYCM (Henyep Capital Markets) vs HFM: both brokers give beginner traders a clear starting point with at least 10 beginner-focused trading videos. HFM also hosts online educational webinars at least once per month, offering a live way to ask questions and practice concepts, while HYCM does not currently provide monthly client webinars.
If you plan to grow beyond the basics, HFM offers at least 10 advanced trading videos, whereas HYCM does not match that depth of advanced video content. For education quality, HYCM holds a 3.5/5 rating and ranks #27 out of 63 brokers at ForexBrokers.com, while HFM earns a 4/5 rating and ranks #29. Choose HFM if you want live webinars and a stronger path into advanced topics; pick HYCM if you mainly want beginner videos and prefer a slightly higher category ranking.
| Feature |
HYCM (Henyep Capital Markets)
|
HFM
|
|---|---|---|
| Webinars | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that HYCM (Henyep Capital Markets) is better than HFM. HYCM (Henyep Capital Markets) finished with an overall rank of #26, while HFM finished with an overall rank of #27.
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.
| Feature |
HYCM (Henyep Capital Markets)
|
HFM
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 86 |
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HYCM (Henyep Capital Markets) vs HFM: neither broker allows purchasing actual delivered cryptocurrencies, but both provide cryptocurrency CFD trading.
HYCM (Henyep Capital Markets) vs HFM: for deposit and withdrawal methods, neither supports ACH/SEPA or PayPal, both support Skrill and bank wire transfers, and Visa/Mastercard availability is not specified.
Please 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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0 of 5| Overall Rating | HYCM (Henyep Capital Markets) | HFM | |
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| Trust Score | 86 | 86 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | HFM Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | HFM | |
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| Regulation | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| Trust Score | 86 | 86 | |
| Year Founded | 1977 | 2010 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 1 | 3 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1199 | 500 | |
| Forex Pairs (Total) | 70 | 102 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | No | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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). |
| Cost | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.3 | 1.8 | |
| All-in Cost EUR/USD - Active | 0.6 | 1.1 | |
| Inactivity Fee | No | Yes | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| Minimum Deposit | $20 | $0 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central | Yes | No | |
| TipRanks | No | No | |
| Client sentiment data | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| Webinars | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | HYCM (Henyep Capital Markets) Review | HFM Review |
| Overall | HYCM (Henyep Capital Markets) | HFM | |
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| Trust Score | 86 | 86 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | HFM Review |
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