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.
HYCM (Henyep Capital Markets), founded in 1977, and HFM, founded in 2010, are online brokers that are not publicly traded and are not banks. For regulation, both brokers hold two Tier-1 licenses (the highest level per ForexBrokers.com). HYCM also holds one Tier-2 license, while HFM holds three Tier-2 licenses.
Per ForexBrokers.com, a Trust Score of 90–99 is highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, and 59 or below not trusted. HYCM and HFM each have a Trust Score of 85 out of 99, placing both in the trusted category.
| 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 |
HYCM (Henyep Capital Markets) offers lower trading costs than HFM in its best-priced account. Its Raw account has an estimated all-in cost of about 0.6 pips on EUR/USD after commission, while the Classic account starts from 1.2 pips and the fixed-spread account is listed at 1.5 pips. HYCM earns 4.5 out of 5 stars for commissions and fees and ranks #18 out of 36 brokers in this category.
HFM’s pricing is a bit less competitive overall. The broker says its standard accounts typically have spreads around 1.2 pips, though no time period is given, so the average could be higher. Its Zero account shows an effective spread of 0.7 pips after commission, but that is not presented as an average. HFM is rated 4 out of 5 stars for commissions and fees and ranks #30 out of 36 brokers.
In simple terms, HYCM comes out ahead for commissions and fees, especially for traders looking for lower-cost pricing. HFM is still reasonable, but its overall cost picture is not as strong as HYCM’s.
| Feature |
HYCM (Henyep Capital Markets)
|
HFM
|
|---|---|---|
| Minimum Deposit | $20 | $0 |
| Average spread (EUR/USD) - Spread-only account | 1.2 | 1.74 |
| All-in Cost EUR/USD - Raw spread account | 1.0 | 0.75 |
| Non-wire bank transfer (Deposit/Withdraw) | 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 clients trade forex as CFDs or spot contracts, and both offer crypto CFDs rather than real cryptocurrency. HYCM stands out for its wider selection, with 1,199 tradeable symbols and 70 forex pairs, compared with HFM’s 344 symbols and 38 forex pairs. HYCM also offers exchange traded securities on both U.S. and international markets, so clients can buy real shares such as Apple or Vodafone, while HFM does not offer these direct stock purchases.
HFM does have one feature HYCM lacks: copy trading. Still, when it comes to the overall range of investments, both brokers are rated 4 out of 5 stars. In ForexBrokers.com’s ranking of 36 brokers for this category, HYCM places slightly ahead at #28, while HFM comes in at #30.
| Feature |
HYCM (Henyep Capital Markets)
|
HFM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 344 |
| Forex Pairs (Total) | 70 | 38 |
| 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 give traders a wide set of platform choices, including free demo accounts, their own in-house platforms, desktop downloads for Windows, web-based trading, MetaTrader 4, and MetaTrader 5. Each broker also lets users place trades straight from a chart, making it easier to act on price moves without switching screens. In this area, the two brokers are closely matched, and both earn 4 out of 5 stars for Trading Platforms and Tools. HYCM edges ahead slightly in ForexBrokers.com’s ranking, placing #35 out of 36 brokers, while HFM sits at #36.
The biggest difference is copy trading: HFM offers it, while HYCM does not. That makes HFM the better pick for traders who want to follow and mirror other traders’ moves. For everyone else, both brokers provide the core tools most traders look for, but neither stands out with published details on chart indicator counts or watch list columns. If you want a broader platform set with copy trading, HFM has the advantage; if you mainly want standard trading platforms and similar day-to-day tools, both brokers offer much the same experience.
| 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 | 38 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
HYCM and HFM both make it easy to trade on the go, with iPhone and Android apps, price alerts, trendline drawing, and auto-saving chart drawings available on each platform. Both brokers also earn a 4-star rating for mobile trading apps, and neither offers watchlist symbol syncing between the app and online account. In other words, the basic mobile trading experience is similar at both brokers.
The main difference is charting tools: HYCM gives mobile users 30 technical studies, while HFM offers only 5. That wider set of chart indicators gives HYCM the edge for traders who want more ways to analyze price moves from their phone. This is also reflected in ForexBrokers.com’s rankings, where HYCM places #33 out of 36 brokers for mobile trading apps, compared with HFM at #35.
| 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 | 5 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
HYCM (Henyep Capital Markets) and HFM both cover the basics well for market research. Each broker offers daily market commentary, forex news from major sources such as Bloomberg, Reuters, or Dow Jones, and an economic calendar to track upcoming global events. HYCM also stands out for including Trading Central tools, which can help traders with technical and fundamental insights. However, it does not offer Autochartist, sentiment tools, or Acuity Trading research.
HFM has a wider range of research tools overall. In addition to daily commentary, top-tier forex news, and an economic calendar, it also includes Autochartist, a sentiment tool that shows long and short positioning, and Acuity Trading resources such as Signal Centre. Neither broker offers TipRanks market research. Based on ForexBrokers.com, HFM scores higher for research at 4 stars and ranks #18 out of 36 brokers, while HYCM is rated 3.5 stars and ranks #32 out of 36.
| 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 | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing HYCM (Henyep Capital Markets) and HFM for beginner-friendly education, both brokers give new traders a solid starting point. Each offers at least 10 beginner videos on trading topics, and both appear to provide forex or CFD learning content as part of their education libraries. HYCM does well for newcomers, but it does not offer monthly live educational webinars and it lacks a large set of advanced videos for more experienced traders.
HFM stands out a bit more for ongoing learning support. It offers monthly educational webinars, at least 10 beginner videos, and at least 10 advanced videos for traders who want to keep building skills. In ForexBrokers.com’s Education category, HFM is rated 4 stars versus HYCM’s 3.5 stars, though HYCM is ranked higher overall at #28 out of 36 brokers compared with HFM at #31. For beginners who want more live teaching and a wider mix of lesson levels, HFM has the edge.
| 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).
| Feature |
HYCM (Henyep Capital Markets)
|
HFM
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 85 | 85 |
| Range of Investments |
|
|
| Trading Fees |
|
|
| Trading Platforms |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 85 | 85 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | HFM Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
|
| Regulation | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| Trust Score | 85 | 85 | |
| 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 CMA 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 | 344 | |
| Forex Pairs (Total) | 70 | 38 | |
| 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) - Spread-only account | 1.2 | 1.74 | |
| All-in Cost EUR/USD - Raw spread account | 1.0 | 0.75 | |
| 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 (Deposit/Withdraw) | 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 | 38 | |
| 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 Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 5 | |
| 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 | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| Review | HYCM (Henyep Capital Markets) Review | HFM Review |
| Overall | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 85 | 85 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | HFM Review |
IG
FOREX.com
CMC Markets
XTB
eToro
Capital.com
AvaTrade
XM
Pepperstone
FP Markets
Tickmill
HFM Markets