Written by ForexBrokers.com
In this head to head comparison of HYCM (Henyep Capital Markets) vs IFC Markets, 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.
Founded in 1977, HYCM (Henyep Capital Markets) offers a longer track record compared to IFC Markets, which started in 2006. Both brokers operate privately and are not listed on any stock exchange, nor are they banks. Despite these similarities, their regulatory standing differs significantly. HYCM holds two Tier-1 licenses, highly trusted by ForexBrokers.com, while IFC Markets lacks any Tier-1 licenses. Both have one Tier-2 license, which is considered trusted.
When it comes to trustworthiness based on ForexBrokers.com ratings, HYCM stands out with a Trust Score of 86, placing it in the 'trusted' category. In comparison, IFC Markets receives a score of 73, indicating an 'average risk' rating. These differences in regulation and trust scores are crucial factors for potential investors weighing their options between these two online brokers.
| Feature |
HYCM (Henyep Capital Markets)
|
IFC Markets
|
|---|---|---|
| Year Founded | 1977 | 2006 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 0 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
HYCM (Henyep Capital Markets) delivers low trading costs if you choose its Raw account, with an all-in cost around 0.6 pips on EUR/USD after commission. The Classic account is pricier with variable spreads starting at 1.2 pips, while the fixed-spread option posts 1.5 pips. For commissions and fees, HYCM earns 4.5 out of 5 stars and ranks #18 out of 63 brokers on ForexBrokers.com.
IFC Markets’ standard pricing averages 1.44 pips on EUR/USD—above the 1.08 industry average—though its new ECN account improves effective costs to about 1.1 pips after a 0.005% commission is applied on both sides. It also charges no inactivity fees and offers active-trader discounts. For commissions and fees, IFC Markets holds a 4 out of 5 star rating and ranks #32 of 63 on ForexBrokers.com.
Head-to-head, HYCM’s Raw account undercuts IFC Markets’ typical and ECN pricing on EUR/USD, which can mean lower costs per trade, while IFC Markets appeals to frequent or long-idle traders with its no-inactivity policy and discounts. The better fit depends on whether ultra-tight spreads or broader fee policies matter more for your trading style.
| Feature |
HYCM (Henyep Capital Markets)
|
IFC Markets
|
|---|---|---|
| Minimum Deposit | $20 | $1 |
| Average spread (EUR/USD) - Standard account | 1.3 | 1.44 |
| All-in Cost EUR/USD - Active | 0.6 | 1.1 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
HYCM (Henyep Capital Markets) delivers a wider menu of markets than IFC Markets, with 1,199 tradeable symbols versus IFC’s 630 and 70 forex pairs compared to 49. Both brokers support forex trading as CFDs and spot, and both offer crypto via CFDs (neither supports buying actual coins). A key difference is stock access: HYCM lets clients buy real exchange-traded shares on both U.S. and international exchanges, while IFC Markets offers real shares on international exchanges only.
IFC Markets stands out for copy trading (HYCM does not offer it). For Range of Investments, HYCM earns 4 stars and ranks 27th out of 63 brokers on ForexBrokers.com, while IFC Markets scores 3.5 stars and ranks 31st. Choose HYCM if you want more symbols, more forex pairs, and access to U.S. stocks; pick IFC Markets if copy trading and international shares meet your needs.
| Feature |
HYCM (Henyep Capital Markets)
|
IFC Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 630 |
| Forex Pairs (Total) | 70 | 49 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| 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). |
Dive deeper: Best Copy Trading Platforms.
HYCM (Henyep Capital Markets) and IFC Markets both cover the basics well for trading platforms and tools. Each broker offers a free demo account for practice, a proprietary platform, and access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5). You can trade via a Windows desktop download or a web-based platform with both brokers, and each supports placing trades directly from charts.
The main difference is copy trading: IFC Markets supports it, while HYCM does not. In independent reviews, both earn 4 stars for Platforms and Tools, with IFC Markets ranked #29 out of 63 brokers and HYCM at #32 by ForexBrokers.com. If copy trading matters to you, IFC Markets has the edge; otherwise, both are solid picks worth trying through a demo account.
| Feature |
HYCM (Henyep Capital Markets)
|
IFC Markets
|
|---|---|---|
| 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 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
HYCM (Henyep Capital Markets) and IFC Markets both offer mobile trading apps for iPhone and Android, complete with price alerts. Each app includes 30 technical indicators for charting, lets you draw trendlines, and auto-saves your drawings. On ForexBrokers.com, both earn 4 out of 5 stars for Mobile Trading Apps. In category rankings, HYCM places 30th out of 63 brokers, while IFC Markets sits at 34th out of 63.
The key difference is watchlist syncing. IFC Markets syncs your watchlists between the mobile app and your online account, so changes update everywhere. HYCM does not sync watchlists, so you’ll manage symbols separately on mobile and web. If synced watchlists are important, IFC Markets has the edge; otherwise, both apps offer similar core features for trading on the go.
| Feature |
HYCM (Henyep Capital Markets)
|
IFC Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
HYCM (Henyep Capital Markets) and IFC Markets both deliver daily market commentary and an economic calendar, making it easy to track key events. The main differences show up in third-party research and tools. HYCM adds forex news from top-tier sources such as Bloomberg, Reuters, or Dow Jones and includes Trading Central analytics, which can help with chart-based ideas and trade planning. IFC Markets does not provide those specific feeds or Trading Central, but it does offer a sentiment tool that displays the ratio of long and short positions across instruments—useful if you like to gauge crowd positioning.
Neither broker offers Autochartist, TipRanks, or Acuity Trading tools. On ForexBrokers.com, both earn a 3.5 out of 5 for Research, with HYCM ranked 29th out of 63 brokers and IFC Markets close behind at 30th. If you want integrated news and Trading Central insights, HYCM is the better fit; if you prefer a built-in sentiment gauge, IFC Markets has the edge.
| Feature |
HYCM (Henyep Capital Markets)
|
IFC Markets
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central | Yes | No |
| Client sentiment data | No | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
HYCM and IFC Markets both give beginners a solid starting point with plenty of easy-to-follow videos; each broker offers at least 10 beginner-focused clips that explain core trading ideas for forex and CFDs. Neither runs monthly educational webinars, so if you like live, scheduled lessons, you won’t find them here. Still, for self-paced learning through videos and articles, both brands make it straightforward to get up to speed.
IFC Markets goes a step further for growing traders by providing at least 10 advanced videos, while HYCM does not meet that mark. Even so, both earn the same Education rating of 3.5 out of 5 stars. In ForexBrokers.com’s Education category, IFC Markets ranks #25 out of 63 brokers and HYCM ranks #27. For beginners, either broker works well; if you want a deeper video library as you progress, IFC Markets has the edge.
| Feature |
HYCM (Henyep Capital Markets)
|
IFC Markets
|
|---|---|---|
| Webinars | No | No |
| 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 IFC Markets. HYCM (Henyep Capital Markets) finished with an overall rank of #26, while IFC Markets finished with an overall rank of #33.
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)
|
IFC Markets
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 86 | 73 |
| Range of Investments |
|
|
| Trading Fees |
|
|
| Trading Platforms |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
In a HYCM (Henyep Capital Markets) vs IFC Markets comparison for crypto trading, neither broker lets you buy actual (delivered) cryptocurrencies, but both offer cryptocurrency CFDs for speculative trading.
Comparing online brokers HYCM (Henyep Capital Markets) and IFC Markets for deposit and withdrawal methods: both do not offer ACH/SEPA or PayPal, both support bank wire transfers, HYCM additionally supports Skrill (IFC Markets does not), and Visa/Mastercard availability for both 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) | IFC Markets | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 86 | 73 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | IFC Markets | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
| Regulation | HYCM (Henyep Capital Markets) | IFC Markets | |
|---|---|---|---|
| Trust Score | 86 | 73 | |
| Year Founded | 1977 | 2006 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | ||
| Tier-1 Licenses | 2 | 0 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | HYCM (Henyep Capital Markets) | IFC Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | ||
| Canada (CIRO Authorised) | No | ||
| Hong Kong (SFC Authorised) | Yes | ||
| Japan (FSA Authorised) | No | ||
| Singapore (MAS Authorised) | No | ||
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | ||
| USA (CFTC Authorized) | No | ||
| New Zealand (FMA Authorised) | No | ||
| Regulated in one or more EU or EEA countries (MiFID). | No |
| Tier-2 Licenses (Trusted) | HYCM (Henyep Capital Markets) | IFC Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | ||
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | ||
| India (SEBI Authorised) | No | ||
| Jordan (JSC Authorised) |
| Investments | HYCM (Henyep Capital Markets) | IFC Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1199 | 630 | |
| Forex Pairs (Total) | 70 | 49 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| 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). |
| Cost | HYCM (Henyep Capital Markets) | IFC Markets | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.3 | 1.44 | |
| All-in Cost EUR/USD - Active | 0.6 | 1.1 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | HYCM (Henyep Capital Markets) | IFC Markets | |
|---|---|---|---|
| Minimum Deposit | $20 | $1 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | HYCM (Henyep Capital Markets) | IFC Markets | |
|---|---|---|---|
| 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) | IFC 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 | HYCM (Henyep Capital Markets) | IFC Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | Yes | |
| 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 | HYCM (Henyep Capital Markets) | IFC Markets | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central | Yes | No | |
| TipRanks | No | No | |
| Client sentiment data | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | IFC Markets | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | IFC Markets | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | HYCM (Henyep Capital Markets) Review |
| Overall | HYCM (Henyep Capital Markets) | IFC Markets | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 86 | 73 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Pepperstone
FP Markets
Tickmill