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IC Markets vs HYCM (Henyep Capital Markets) 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of IC Markets vs HYCM (Henyep Capital Markets), we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

IC Markets
4.5/5 Stars Overall
  • Minimum Deposit: $200
  • Trust Score: 84
  • Tradeable Symbols (Total): 3583
HYCM (Henyep Capital Markets)
4/5 Stars Overall
  • Minimum Deposit: $20
  • Trust Score: 86
  • Tradeable Symbols (Total): 1199

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.

Regulation

IC Markets and HYCM are both well-established online brokerage firms serving traders globally. IC Markets, founded in 2007, and HYCM, established in 1977, both hold 2 Tier-1 licenses, indicating a high level of trust according to ForexBrokers.com standards. Neither broker is publicly traded nor operates as a bank, maintaining their focus solely on brokerage services.

When comparing their trust ratings, IC Markets has a ForexBrokers.com Trust Score of 84, categorizing it as a trusted broker, whereas HYCM scores slightly higher with 86, signifying marginally stronger trust. HYCM also holds an additional Tier-2 license, further enhancing its credibility. Both firms strive to provide reliable trading environments, though HYCM edges out in terms of regulatory standing.

Feature IC Markets logoIC Markets
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Year Founded info 2007 1977
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 2 2
Tier-2 Licenses info 0 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 3 1

Fees

IC Markets and HYCM both keep trading costs competitive, but IC Markets generally comes out cheaper for active forex traders. IC Markets posts ultra-tight effective spreads and low commissions that rival other low-cost brokers, helping it earn Best in Class honors for Commissions & Fees in 2024. Rating and rank: IC Markets 5/5 stars, ranked #5 of 63 for Commissions & Fees; HYCM 4.5/5 stars, ranked #16 of 63.

IC Markets offers three account types: Standard (spread-only), Raw Spread on MetaTrader (MT4/MT5), and cTrader Raw. Typical EUR/USD pricing shakes out as follows: cTrader Raw averages about 0.62 pips all-in (0.02 pip spread plus commission equal to 0.6 pips), MT4/MT5 Raw is about 0.72 pips all-in ($3.5 per side, $7 round turn per 100k), and the Standard account is commission-free with an average spread near 0.62 pips. Spreads vary by platform and by IC Markets’ regulated entities (Cyprus, Australia, Seychelles). High-volume traders (100+ lots/month) can qualify for discounts, and the low deposit requirement helps cost-conscious traders get started.

HYCM’s pricing is straightforward across three account types. The Raw account targets an all-in cost around 0.6 pips on EUR/USD after commission, making it the most competitive option for cost-focused traders. The Classic account uses variable spreads starting from 1.2 pips, while the Fixed account lists a 1.5-pip spread for those who prefer predictable pricing. Overall, HYCM is sharp on its Raw account but trails IC Markets on average costs and awards recognition.

Feature IC Markets logoIC Markets
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Minimum Deposit info $200 $20
Average spread (EUR/USD) - Standard account info 0.62 info 1.2 info
All-in Cost EUR/USD - Active info 0.62 info 0.6 info
Non-wire bank transfer info No No
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

IC Markets lists 3,583 tradeable symbols, while HYCM (Henyep Capital Markets) offers 1,199. Both support forex trading as CFDs or spot contracts; HYCM edges ahead on currency choice with 70 forex pairs to IC Markets’ 61. In ForexBrokers.com’s Range of Investments ratings, IC Markets scores 4.5/5 (ranked 26th of 63), and HYCM scores 4/5 (ranked 34th).

For shares, HYCM lets clients buy exchange-traded U.S. stocks, while IC Markets does not; both brokers provide access to exchange-traded international shares. Copy trading is available at IC Markets but not at HYCM. Neither broker sells delivered cryptocurrency, but each offers cryptocurrency CFDs. In short, pick IC Markets for a larger overall instrument list and copy trading, or choose HYCM if U.S. stocks and a wider set of forex pairs matter most.

Feature IC Markets logoIC Markets
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 3583 1199
Forex Pairs (Total) info 61 70
U.S. Stocks (Shares) info No Yes
Global Stocks (Non-U.S. Shares) info Yes Yes
Copy Trading info Yes No
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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.

Trading platforms and tools

IC Markets vs HYCM: Both brokers offer free demo (paper) accounts and provide trading on Windows desktop and in your web browser. Each supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and both let you place trades directly from charts. The big platform difference is ownership: IC Markets does not have its own in-house platform and relies on third-party options like MetaTrader, while HYCM also offers a proprietary platform alongside MetaTrader.

For tools, IC Markets supports copy trading, whereas HYCM does not. According to ForexBrokers.com, both earn 4 out of 5 stars for Trading Platforms and Tools, but IC Markets ranks higher in the category (#16 of 63) than HYCM (#41 of 63). If you want copy trading and are fine with third-party platforms, IC Markets is a strong pick; if you prefer access to a broker’s own platform in addition to MetaTrader, HYCM may suit you.

Feature IC Markets logoIC Markets
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info No Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
Charting - Indicators / Studies (Total) info 30 30
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

IC Markets and HYCM (Henyep Capital Markets) both offer mobile trading apps for iPhone and Android. Each app supports price alerts, 30 built-in technical studies for charting, and the ability to draw trendlines that auto-save on your charts. Neither broker currently syncs watchlists between the mobile app and the web platform, so any watchlist changes need to be made separately on each device.

Both apps earn 4 out of 5 stars for mobile trading. However, in ForexBrokers.com’s Mobile Trading Apps category, IC Markets ranks #22 out of 63 brokers, while HYCM is #38 out of 63. If you want similar features with a slightly higher industry ranking, IC Markets has the edge; if you already trade with HYCM, its app delivers comparable tools on the go.

Feature IC Markets logoIC Markets
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info No No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

IC Markets and HYCM both cover key market research needs: daily market commentary, forex news from major sources like Bloomberg, Reuters, or Dow Jones, Trading Central analysis, and a full economic calendar. According to ForexBrokers.com, IC Markets holds a 4-star Research rating and ranks 23rd out of 63 brokers, while HYCM has 3.5 stars and ranks 36th.

The main differences come down to extra tools. IC Markets includes Autochartist to help spot chart patterns and potential trade ideas, plus a sentiment tool that shows the long/short split across instruments. HYCM does not offer Autochartist or a sentiment tool. Neither broker features TipRanks or Acuity Trading (Signal Centre). If you want added screening and sentiment alongside the basics, IC Markets has the edge; if you only need daily commentary, reliable news, Trading Central insights, and an economic calendar, HYCM covers the essentials.

Feature IC Markets logoIC Markets
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central info Yes Yes
Client sentiment data info Yes No
TipRanks info No No
Acuity Trading info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

IC Markets vs HYCM for beginner education: both brokers provide at least 10 beginner-focused trading videos, giving new traders a solid start in forex and CFD concepts. IC Markets stands out with monthly educational webinars (HYCM does not offer these) and a larger library that includes 10+ advanced video lessons. That deeper catalog can help beginners progress faster as they move beyond the basics.

Ratings back this up: IC Markets earns 4 out of 5 stars for Education and ranks #16 out of 63 brokers on ForexBrokers.com, while HYCM scores 3.5 stars and ranks #32. If you want live webinars and a path from beginner to advanced, IC Markets is the stronger pick. If you mainly need beginner videos, HYCM covers the essentials.

Feature IC Markets logoIC Markets
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Webinars info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that IC Markets is better than HYCM (Henyep Capital Markets). IC Markets finished with an overall rank of #20, while HYCM (Henyep Capital Markets) finished with an overall rank of #29.

IC Markets’ competitive pricing and scalable execution make it an excellent option for algorithmic traders. Though it supports an impressive range of third-party tools and plugins, IC Markets’ research and education offerings are not as impressive as those offered by industry leaders.

Feature IC Markets logoIC Markets
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Overall Rating info 4.5/5 Stars 4/5 Stars
Trust Score info 84 86
Range of Investments 4.5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 4.5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Research 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 4/5 Stars 4/5 Stars

FAQs

Can you trade cryptocurrency with IC Markets or HYCM (Henyep Capital Markets)?

IC Markets and HYCM (Henyep Capital Markets) do not offer purchasing actual (delivered) cryptocurrencies, but both brokers support trading cryptocurrency CFDs.

What funding options does each broker offer?

In the IC Markets vs HYCM (Henyep Capital Markets) comparison for deposit and withdrawal methods, both lack ACH/SEPA but offer Skrill and bank wire transfers; IC Markets also supports PayPal while HYCM does not, and Visa/Mastercard availability is not specified for either.

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Overall Rating IC Markets HYCM (Henyep Capital Markets)
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 4.5/5 Stars
Range of Investments 4.5/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3.5/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 84 86
Winner check_circle
Review IC Markets Review HYCM (Henyep Capital Markets) Review
Broker Screenshots IC Markets HYCM (Henyep Capital Markets)
Broker Gallery (click to expand) info
IC Markets cTrader mobile app charting IC Markets EU cTrader desktop trading platform layout IC Markets webinar IC Your Trade YouTube video series. IC Markets Educational content blog articles.
HYCM MT5 desktop trading platform HYCM client portal Analyst Views market analysis HYCM YouTube channel videos.
Regulation IC Markets HYCM (Henyep Capital Markets)
Trust Score info 84 86
Year Founded info 2007 1977
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-1 Licenses info 2 2
Tier-2 Licenses info 0 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 3 1
Tier-1 Licenses (Highly Trusted) IC Markets HYCM (Henyep Capital Markets)
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No Yes
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info No Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-2 Licenses (Trusted) IC Markets HYCM (Henyep Capital Markets)
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA, FSRA, or SCA Authorised) info No Yes
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments IC Markets HYCM (Henyep Capital Markets)
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 3583 1199
Forex Pairs (Total) info 61 70
U.S. Stocks (Shares) info No Yes
Global Stocks (Non-U.S. Shares) info Yes Yes
Copy Trading info Yes No
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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 IC Markets HYCM (Henyep Capital Markets)
Average spread (EUR/USD) - Standard account info 0.62 info 1.2 info
All-in Cost EUR/USD - Active info 0.62 info 0.6 info
Inactivity Fee info No No
Order execution: Agency info Yes Yes
Order execution: Market Maker info Yes Yes
Funding IC Markets HYCM (Henyep Capital Markets)
Minimum Deposit info $200 $20
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info No No
Trading Platforms IC Markets HYCM (Henyep Capital Markets)
Proprietary Desktop Trading Platform info No Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
cTrader info Yes No
Trading Tools IC Markets HYCM (Henyep Capital Markets)
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 30 30
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading IC Markets HYCM (Henyep Capital Markets)
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info No No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes
Mobile Research - Economic Calendar info Yes Yes
Research IC Markets HYCM (Henyep Capital Markets)
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central info Yes Yes
TipRanks info No No
Client sentiment data info Yes No
Economic Calendar info Yes Yes
Education IC Markets HYCM (Henyep Capital Markets)
Webinars info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Major Forex Pairs IC Markets HYCM (Henyep Capital Markets)
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review IC Markets Review HYCM (Henyep Capital Markets) Review
Overall IC Markets HYCM (Henyep Capital Markets)
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 5/5 Stars 4.5/5 Stars
Range of Investments 4.5/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3.5/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 84 86
Winner check_circle
Review IC Markets Review HYCM (Henyep Capital Markets) Review
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