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IC Markets vs HYCM (Henyep Capital Markets) 2026

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 stands out for tight pricing and flexible account options. It offers three account types: Standard (spread-only) and two commission-based Raw Spread accounts for cTrader and MetaTrader (MT4/MT5). On cTrader, the commission is $3.00 per side per 100,000 units ($6.00 round turn), while on MT4/MT5 it’s $3.50 per side ($7.00 round turn). IC Markets lists an average EUR/USD spread of 0.02 pips; after adding commission, the all-in cost is about 0.62 pips on cTrader and 0.72 pips on MetaTrader. The commission-free Standard account averages about 0.62 pips. Volume traders can get discounts above 100 standard lots per month, and the low minimum deposit helps new traders get started. IC Markets earned Best in Class for Commissions & Fees in the 2024 Annual Awards, holds a 5 out of 5 stars rating for pricing, and ranks #5 out of 63 brokers in this category.

HYCM also delivers competitive costs, especially on its Raw account, which comes in around 0.6 pips all-in on EUR/USD after commission. Its Classic account uses a variable spread starting from 1.2 pips, while the Fixed account holds a 1.5-pip spread. HYCM’s pricing earns 4.5 out of 5 stars for Commissions & Fees, with a category ranking of #18 out of 63 brokers.

Comparing the two, HYCM’s Raw account and IC Markets’ cTrader Raw account are neck and neck on EUR/USD (about 0.6–0.62 pips all-in), while IC Markets’ MetaTrader Raw account is a touch higher at roughly 0.72 pips; IC Markets’ Standard account sits near 0.62 pips without commission. IC Markets may appeal to active traders seeking volume discounts and multiple platforms, while HYCM suits those who want a simple Raw pricing option or prefer fixed spreads. Keep in mind that spreads can vary by platform, account type, and the broker’s regional entity.

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 1.3 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 vs HYCM (Henyep Capital Markets): both support forex trading via CFDs or spot, plus cryptocurrency CFDs (neither offers actual crypto). IC Markets lists 3,583 tradeable instruments and 61 forex pairs, while HYCM offers 1,199 instruments and 70 forex pairs. That means IC Markets brings a wider overall product lineup, whereas HYCM edges ahead in the number of currency pairs.

For exchange-traded shares, HYCM lets you buy U.S. stocks, while IC Markets does not; both provide access to international shares. IC Markets also includes copy trading, which HYCM lacks. Reflecting these differences, IC Markets holds a 4.5/5 Range of Investments rating and ranks 22nd out of 63 brokers at ForexBrokers.com; HYCM earns 4/5 and ranks 27th.

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

Comparing IC Markets vs HYCM for trading platforms and tools: both brokers provide free demo accounts, Windows desktop downloads, and web-based platforms. Each supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and both let you place trades directly from charts. IC Markets does not offer its own proprietary platform, while HYCM does. IC Markets includes copy trading, whereas HYCM does not.

For platform quality, both earn 4 out of 5 stars. In ForexBrokers.com’s rankings, IC Markets places #17 out of 63 for Trading Platforms and Tools, while HYCM ranks #32. Choose IC Markets if you want copy trading and the well-known MetaTrader suites; pick HYCM if having a broker-built platform option matters to 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. You get price alerts, 30 technical studies for charting, the ability to draw trendlines, and drawings that auto-save. One limitation is that neither app syncs watchlist symbols with the web platform, so changes made on mobile won’t carry over to your online account.

Both apps are rated 4 out of 5 stars for mobile trading. That said, ForexBrokers.com ranks IC Markets at #22 out of 63 brokers and HYCM at #30. If a higher industry ranking matters to you, IC Markets has a slight edge; otherwise, their mobile features are closely matched.

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 deliver daily market commentary, top-tier forex news (from sources like Bloomberg, Reuters, or similar), and an economic calendar to track key events. Each broker also integrates Trading Central for technical research. The differences show up in the added tools: IC Markets includes Autochartist and a sentiment tool that displays long/short positioning across instruments, while HYCM does not offer Autochartist or a sentiment tool. Neither broker provides research from TipRanks or tools from Acuity Trading (such as Signal Centre).

For market research, IC Markets earns 4 stars and is ranked #21 out of 63 brokers by ForexBrokers.com, while HYCM scores 3.5 stars and ranks #29. In short, both cover the essentials, but IC Markets edges ahead with extra technical and sentiment features, whereas HYCM focuses on core analysis backed by Trading Central and real-time news.

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 offer forex and CFD education with at least 10 learning pieces, and each provides 10+ beginner trading videos. IC Markets also hosts client webinars at least once a month, while HYCM does not. For traders ready to go beyond the basics, IC Markets includes 10+ advanced trading videos; HYCM does not offer a comparable advanced video library.

IC Markets is rated 4 stars for Education and ranks #16 out of 63 brokers on ForexBrokers.com. HYCM holds a 3.5-star rating and ranks #27. If you want beginner-friendly videos plus regular webinars and a clearer path to advanced topics, IC Markets is the stronger choice. If you simply want video-led beginner education in forex and CFDs without webinars, HYCM can still fit the bill.

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 #21, while HYCM (Henyep Capital Markets) finished with an overall rank of #26.

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
Trading Fees 5/5 Stars 4.5/5 Stars
Trading Platforms 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
Trading Fees 5/5 Stars 4.5/5 Stars
Range of Investments 4.5/5 Stars 4/5 Stars
Trading Platforms 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 (FSA 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 1.3 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
Trading Fees 5/5 Stars 4.5/5 Stars
Range of Investments 4.5/5 Stars 4/5 Stars
Trading Platforms 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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