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 |
When comparing the commissions and fees of HYCM (Henyep Capital Markets) and HFM, HYCM offers a more competitive pricing structure. With its Raw account, traders can enjoy an all-in cost of approximately 0.6 pips for the EUR/USD pair, making it a cost-effective choice. Meanwhile, the Classic account at HYCM features a variable spread starting from 1.2 pips, and for those preferring predictability, the fixed-spread account provides a spread of 1.5 pips. HYCM has received a strong rating of 4.5 stars for its commissions and fees, placing it at the 15th spot out of 63 brokers according to ForexBrokers.com.
In contrast, HFM's trading costs tend to be slightly above the industry average. Their standard trading accounts offer a typical spread of 1.2 pips, though the lack of a specified date range means the average spread could potentially be higher. HFM's Zero account comes with an effective spread of 0.7 pips after commission, though this is not presented as an average. For commissions and fees, HFM holds a respectable rating of 4 stars, ranking 31st out of 63 brokers as per ForexBrokers.com.
Overall, HYCM provides more competitive pricing on its Raw account compared to HFM's offerings. The higher star rating and rank for HYCM suggest that it may be a more appealing option for traders focusing on minimizing trading costs. HFM still offers a decent option, especially for those who are fine with slightly higher fees in exchange for their diverse trading features.
| Feature |
HYCM (Henyep Capital Markets)
|
HFM
|
|---|---|---|
| Minimum Deposit | $20 | $0 |
| Average Spread EUR/USD - Standard | 1.2 | 1.2 |
| All-in Cost EUR/USD - Active | 0.6 | 0.7 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing HYCM (Henyep Capital Markets) and HFM for their range of investment options, both brokers offer forex trading through CFDs or spot contracts. However, HYCM stands out by providing a wider array of tradeable symbols, totaling 1199 compared to HFM's 500. When it comes to forex pairs, HFM slightly edges out HYCM by offering 102 pairs as opposed to 70. Notably, HYCM allows its users to invest in exchange-traded securities on both U.S. and international exchanges, such as Apple and Vodafone. In contrast, HFM does not offer access to these markets. Both brokers provide the option to trade cryptocurrency derivatives, but neither allows the purchase of actual cryptocurrencies.
For those interested in copy trading, HFM is the suitable choice as HYCM does not offer this feature. Despite their differences, both platforms receive a commendable rating of 4 stars for their range of investments. In terms of their standing among 63 brokers evaluated by ForexBrokers.com, HYCM ranks higher at #33 while HFM is at #36. These rankings give potential investors a snapshot of how each broker is perceived in terms of the breadth of their investment offerings.
| 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. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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.
When comparing the trading platforms and tools of HYCM (Henyep Capital Markets) and HFM, both brokers offer several features that cater to traders of various skill levels. Each provides a free virtual demo account, ideal for beginners to practice trading without risk. Both platforms also have developed their proprietary software, available on Windows-based desktop downloads as well as web-based for browser use, and support popular tools like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). However, HFM stands out with its copy trading service, absent in HYCM. For traders who value charting capabilities, HFM offers a greater number of drawing tools, 30 compared to HYCM's 15, although both allow for direct trading from stock charts and offer seven fields for watch lists.
Despite these similarities and differences, both brokers earned a solid four-star rating in the Trading Platforms and Tools category. According to ForexBrokers.com, HYCM holds a slightly higher ranking at #40 out of 63 brokers, while HFM is close behind at #42. This suggests that while both platforms offer comprehensive features, traders may choose between them based on specific preferences such as the availability of copy trading or the extent of charting tools. Ultimately, HYCM and HFM provide strong platforms for traders seeking advanced functionality blended with user-friendly interfaces.
| Feature |
HYCM (Henyep Capital Markets)
|
HFM
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 15 |
| Charting - Drawing Tools (Total) | 15 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both HYCM (Henyep Capital Markets) and HFM provide iPhone and Android apps, catering to those who trade on the go. Whether you prefer trading stocks or currencies, each app delivers seamless alerts, keeping you up to date with price changes. The mobile apps from both brokers feature comprehensive charting tools, offering up to 30 technical studies and the ability to draw trendlines. This can help in analyzing trends by viewing multiple time frames like daily, weekly, or even intraday levels. Additionally, both apps support real-time watchlists, ensuring you never miss a market move, although they do not sync directly with the online account for changes across platforms.
For traders concerned about keeping their technical analysis intact, both HYCM and HFM automatically save drawings made on charts, preserving your insights. With a solid 4-star rating for mobile trading, these apps are quite competitive. While HYCM holds a slightly better ranking at 37th position, compared to HFM’s 39th, they both offer viable options for traders looking for a reliable mobile trading experience.
| Feature |
HYCM (Henyep Capital Markets)
|
HFM
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of HYCM (Henyep Capital Markets) and HFM, both brokers provide daily market commentary and deliver forex news from trusted sources like Bloomberg and Reuters. However, when it comes to analytical tools, they diverge. HYCM provides access to Trading Central tools, offering substantial insights for technical analysis, while HFM opts for tools from Autochartist, known for its detailed market pattern recognition. Additionally, HFM enhances its service with a sentiment-based trading tool that provides insights into market positioning with long and short ratios, a feature HYCM does not offer.
Both HYCM and HFM offer economic calendars that track global news events, which are crucial for timely trading decisions. Nevertheless, in a ranking of research prowess from ForexBrokers.com, HFM takes a more favorable position at #20 with a 4-star rating, compared to HYCM’s #35 ranking and 3.5-star rating. Neither broker provides additional market research tools from TipRanks or Acuity Trading, but HFM stands out with its integration of sentiment analysis, providing a slight edge for traders who value market sentiment insights.
| Feature |
HYCM (Henyep Capital Markets)
|
HFM
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Both HYCM and HFM are strong contenders when it comes to educational resources dedicated to forex and CFDs, catering to the needs of beginner traders. Both platforms offer beginners more than ten educational resources, which include articles, videos, or archived webinars focusing on forex and CFDs. This ensures that newcomers have a solid foundation to begin with. Additionally, each broker provides a searchable archive of previously recorded webinars and hosts more than ten beginner-friendly trading videos. However, a significant difference is that HFM hosts monthly online educational webinars, while HYCM doesn't provide this service.
In terms of advanced trading education, HFM outpaces HYCM by offering ten or more advanced video tutorials targeting experienced traders. In contrast, HYCM lacks this offering. Both brokers score well with their comprehensive investor dictionaries, featuring over 50 investing terms to enhance traders' understanding. Despite this, HFM edges out HYCM with a slight advantage in educational resources, earning a 4-star rating against HYCM's 3.5 stars. Although HYCM stands at #32 compared to HFM's #37 ranking by ForexBrokers.com, beginner traders may find HFM's additional resources and advanced offerings slightly more advantageous.
| Feature |
HYCM (Henyep Capital Markets)
|
HFM
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
| Investor Dictionary (Glossary) | Yes | 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 #29, while HFM finished with an overall rank of #30.
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)
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HFM
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 86 |
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Both HYCM (Henyep Capital Markets) and HFM do not offer the option to buy actual delivered cryptocurrency, but they both provide the ability to purchase cryptocurrency derivatives.
Both HYCM (Henyep Capital Markets) and HFM provide similar options for depositing and withdrawing funds, with neither offering ACH or SEPA transfers nor PayPal, but both brokers support Skrill, Visa, Mastercard, and bank wire transfers.
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 (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| 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) | No | Yes | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| 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. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | 1.2 | 1.2 | |
| All-in Cost EUR/USD - Active | 0.6 | 0.7 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | No | |
| 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 | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 15 | |
| Charting - Drawing Tools (Total) | 15 | 30 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| 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 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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