Written by ForexBrokers.com
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.
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IC Markets and HYCM (Henyep Capital Markets) are established online brokers, founded in 2007 and 1977, respectively. According to the ForexBrokers.com Trust Score (out of 99), both sit in the “trusted” 80–89 range: IC Markets scores 83 and HYCM 85. Neither broker is publicly traded or operates as a bank.
For regulation, each holds two Tier-1 licenses, which ForexBrokers.com considers highly trusted. HYCM also holds one Tier-2 license (trusted), while IC Markets holds none. That added Tier-2 coverage likely contributes to HYCM’s slightly higher Trust Score, though both firms show solid top-tier oversight.
| Feature |
IC Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 2007 | 1977 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
IC Markets has very low trading costs, especially on its commission-based Raw Spread accounts. On EUR/USD, its all-in cost can be around 0.62 pips on cTrader and about 0.72 pips on MetaTrader, while the Standard account offers commission-free trading with an average spread of 0.62 pips. IC Markets also gives discounts to active traders who trade more than 100 standard lots per month. It is rated 5 stars and ranked #5 out of 36 for Commissions and Fees.
HYCM (Henyep Capital Markets) is also competitive, but its pricing depends more on the account you choose. The Raw account has an all-in EUR/USD cost of about 0.6 pips after commission, which is strong for cost-focused traders. Its Classic account is pricier, with variable spreads starting from 1.2 pips, and the fixed-spread account sits at 1.5 pips. HYCM is rated 4.5 stars and ranked #18 out of 36 for Commissions and Fees.
Overall, IC Markets is the better choice for traders who want lower costs and more account flexibility, especially if they plan to trade often. HYCM still offers solid pricing on its Raw account, but its other account types are generally more expensive. For commissions and fees, IC Markets comes out ahead in this comparison.
| Feature |
IC Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $200 | $20 |
| Average spread (EUR/USD) - Standard account | 0.62 | 1.3 |
| All-in Cost EUR/USD - Active | 0.62 | 0.6 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
IC Markets offers a wider range of investable products than HYCM (Henyep Capital Markets) overall, with 3,583 tradeable symbols compared with HYCM’s 1,199. Both brokers support forex trading as CFDs or spot contracts, but HYCM has a slightly larger list of forex pairs at 70 versus IC Markets’ 61. When it comes to shares, HYCM lets clients buy real U.S.-listed stocks as well as international shares, while IC Markets offers international exchange-traded securities but not U.S. exchange-traded stocks. Both brokers also provide cryptocurrency CFDs, but neither offers actual delivered crypto.
For extra features, IC Markets stands out for offering copy trading, while HYCM does not. Based on ForexBrokers.com, IC Markets earns 4.5 out of 5 stars for Range of Investments and ranks #22 out of 36 brokers, compared with HYCM’s 4 stars and #27 ranking. In short, IC Markets is the better pick for overall market variety, while HYCM may appeal more to traders who want access to U.S. shares and a slightly broader forex pair list.
| Feature |
IC Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 3583 | 1199 |
| Forex Pairs (Total) | 61 | 70 |
| U.S. Stocks (Shares) | No | Yes |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | Yes | No |
| 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.
IC Markets and HYCM both give traders a solid set of platform choices, including free demo accounts, Windows desktop downloads, web-based trading, MetaTrader 4, and MetaTrader 5. Each broker also lets users place trades directly from charts, which can make it easier to act on price moves without switching screens. In ForexBrokers.com’s Trading Platforms and Tools review, both brokers earn 4 out of 5 stars, showing that each offers a good experience for most everyday traders.
The main difference is in the extras. HYCM offers its own in-house trading platform, while IC Markets does not, which may appeal to traders who want a broker-built option. IC Markets, on the other hand, supports copy trading, but HYCM does not. That edge, along with a stronger ForexBrokers.com ranking for this category at #17 out of 36 brokers versus HYCM’s #32, gives IC Markets a slight advantage overall for trading platforms and tools.
| Feature |
IC Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
IC Markets and HYCM (Henyep Capital Markets) both offer mobile trading apps for iPhone and Android, along with price alerts to help traders stay on top of market moves. Each app includes 30 technical studies for charting, lets users draw trendlines, and saves those drawings automatically. One limitation for both brokers is that watchlists do not sync between the mobile app and the online account, so changes made in one place will not appear in the other.
In terms of user rating, both IC Markets and HYCM are scored 4 out of 5 stars for mobile trading apps. However, IC Markets has the edge in ForexBrokers.com’s mobile trading app ranking, coming in at #22 out of 36 brokers, while HYCM is ranked #30 out of 36. Overall, the two brokers are closely matched on features, but IC Markets has the slightly stronger mobile app standing based on that ranking.
| Feature |
IC Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| 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.
IC Markets and HYCM both provide useful market research features for traders, including daily market commentary, news from major sources such as Bloomberg, Reuters, and Dow Jones, plus an economic calendar for tracking key global events. Both brokers also include Trading Central tools, which can help with technical analysis and trade ideas.
IC Markets has a wider research offering overall, thanks to Autochartist and a sentiment tool that shows long and short positioning across markets, both of which HYCM does not offer. This broader set of features is reflected in IC Markets’ higher research score of 4 out of 5 stars and its stronger ForexBrokers.com ranking of #21 out of 36, compared with HYCM’s 3.5-star rating and #29 ranking.
| Feature |
IC Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | Yes | Yes |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners who want to learn before they trade, IC Markets comes out ahead of HYCM (Henyep Capital Markets). IC Markets offers forex and CFDs education with at least 10 learning pieces, monthly educational webinars, and a strong library of beginner and advanced videos. That gives new traders more ways to build skills step by step, whether they prefer watching videos or joining live sessions.
HYCM also provides beginner trading videos and forex or CFDs education, but it falls short in a few key areas. It does not offer monthly educational webinars, and it does not have at least 10 advanced educational videos for more experienced traders. In ForexBrokers.com’s Education category, IC Markets is rated 4 stars and ranked #16 out of 36 brokers, while HYCM is rated 3.5 stars and ranked #27, making IC Markets the better pick for overall learning support.
| Feature |
IC Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
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
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HYCM (Henyep Capital Markets)
|
|---|---|---|
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| Trust Score | 83 | 85 |
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IC Markets and HYCM (Henyep Capital Markets) do not offer purchasing actual (delivered) cryptocurrencies, but both brokers support trading cryptocurrency CFDs.
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.
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 | IC Markets | HYCM (Henyep Capital Markets) | |
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| Trust Score | 83 | 85 | |
| Winner | check_circle | ||
| Review | IC Markets Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | IC Markets | HYCM (Henyep Capital Markets) | |
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| Regulation | IC Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trust Score | 83 | 85 | |
| Year Founded | 2007 | 1977 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | IC Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | IC Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | IC Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 3583 | 1199 | |
| Forex Pairs (Total) | 61 | 70 | |
| U.S. Stocks (Shares) | No | Yes | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | Yes | No | |
| 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 | IC Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 0.62 | 1.3 | |
| All-in Cost EUR/USD - Active | 0.62 | 0.6 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | IC Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | $200 | $20 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | IC Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No |
| Trading Tools | IC Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | IC Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| 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 | IC Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | Yes | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | IC Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | IC Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | IC Markets Review | HYCM (Henyep Capital Markets) Review |
| Overall | IC Markets | HYCM (Henyep Capital Markets) | |
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| Trust Score | 83 | 85 | |
| Winner | check_circle | ||
| Review | IC Markets Review | HYCM (Henyep Capital Markets) Review |
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