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.
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HYCM (Henyep Capital Markets), founded in 1977, and IFC Markets, founded in 2006, are both online brokers that are not publicly traded and are not banks. According to ForexBrokers.com, HYCM holds a Trust Score of 85, placing it in the “trusted” range (80–89), while IFC Markets scores 73, which falls into the “average risk” range (70–79).
In terms of regulation, HYCM holds 2 Tier-1 licenses (highly trusted) and 1 Tier-2 license (trusted). IFC Markets holds 1 Tier-1 license and no Tier-2 licenses. This stronger licensing profile helps explain HYCM’s higher Trust Score compared to IFC Markets.
| Feature |
HYCM (Henyep Capital Markets)
|
IFC Markets
|
|---|---|---|
| Year Founded | 1977 | 2006 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 5 |
HYCM (Henyep Capital Markets) comes out ahead of IFC Markets on commissions and fees overall. HYCM earns a 4.5-star rating and ranks #18 out of 36 brokers for this category. Its Raw account is the most competitive option, with an all-in cost of about 0.6 pips on EUR/USD after commission, while the Classic account starts from 1.2 pips and the fixed-spread account lists a 1.5 pip spread.
IFC Markets is a bit less competitive on pricing, with a 4-star rating and a #34 ranking out of 36 brokers for commissions and fees. Its average EUR/USD spread is 1.44, which is above the industry average of 1.08. That said, active traders may find better value with the ECN account, where the effective spread is about 1.1 pips after the 0.005% commission on both sides of the trade.
Both brokers have some cost-saving features, but HYCM is generally the cheaper choice for spread-focused traders. IFC Markets offers a few benefits, including no inactivity fees and active trader discounts, which may help offset costs for some users.
| Feature |
HYCM (Henyep Capital Markets)
|
IFC Markets
|
|---|---|---|
| Minimum Deposit | $20 | $1 |
| Average spread (EUR/USD) - Spread-only account | 1.3 | 1.44 |
| All-in Cost EUR/USD - Raw spread account | 0.6 | 1.1 |
| Non-wire bank transfer (Deposit/Withdraw) | 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.
When it comes to range of investments, HYCM (Henyep Capital Markets) offers a wider choice than IFC Markets. HYCM gives clients access to 1,199 tradeable symbols and 70 forex pairs, compared with IFC Markets’ 630 symbols and 49 forex pairs. Both brokers offer forex trading as CFDs or spot contracts, and both let traders access cryptocurrency CFDs rather than actual crypto.
HYCM also stands out for share investing, since it offers exchange-traded securities on both U.S. and international exchanges, while IFC Markets only offers international exchange-traded securities. On the other hand, IFC Markets has copy trading, which HYCM does not. In ForexBrokers.com’s Range of Investments category, HYCM is rated 4 stars and ranked #28 out of 36 brokers, while IFC Markets is rated 3.5 stars and ranked #33.
| 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 give traders a solid mix of platform choices, including free demo accounts, their own in-house platform, Windows desktop software, web-based trading, and access to both MetaTrader 4 and MetaTrader 5. Each broker also lets users trade directly from charts, which is helpful for active traders who want a faster way to place orders. In addition, both brokers earn the same 4-star rating for Trading Platforms and Tools, showing they are closely matched in this area.
The main difference is copy trading: IFC Markets offers it, while HYCM does not. That may matter for beginners or anyone who wants to follow other traders' strategies. In ForexBrokers.com’s Trading Platforms and Tools rankings, IFC Markets places slightly higher at #32 out of 36 brokers, compared with HYCM at #35 out of 36, giving IFC Markets a small edge overall for platform and tool selection.
| 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 give traders iPhone and Android apps, plus price alerts, 30 technical studies, trendline drawing, and auto-saving chart drawings. In other words, both mobile apps cover the core tools most people want when trading on the go. Each broker is also rated 4 out of 5 stars for mobile trading apps, so they are fairly even on overall quality.
The main difference is watchlist syncing. IFC Markets lets your mobile watchlists sync with your online account, so changes update across devices, while HYCM does not offer this feature. That gives IFC Markets a small edge for traders who want their saved symbols to stay in step between phone and web, although HYCM still offers a solid mobile trading experience overall. On ForexBrokers.com, HYCM ranks #33 out of 36 brokers for mobile trading apps, while IFC Markets ranks #37.
| 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 give traders daily market commentary and an economic calendar, so each broker covers the basics for following news and upcoming events. Both are rated 3.5 out of 5 stars for research. In the ForexBrokers.com research rankings, HYCM places slightly higher at #32 out of 36 brokers, while IFC Markets ranks #33.
The key difference is in the extra research tools. HYCM stands out for offering forex news from top sources such as Bloomberg, Reuters, or Dow Jones, plus Trading Central tools for technical and fundamental analysis. IFC Markets does not offer those news or Trading Central features, but it does provide a sentiment tool that shows the balance of long and short positions, which HYCM does not. Neither broker offers Autochartist, TipRanks, or Acuity Trading research tools.
| 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.
For beginners looking for trading education, both HYCM (Henyep Capital Markets) and IFC Markets offer a similar starting point. Each broker provides at least 10 beginner-focused educational videos, which can help new traders learn the basics of forex and CFD trading. Neither broker offers monthly educational client webinars, so live learning sessions are not a regular part of either firm’s beginner education offering.
When it comes to the wider education library, the two brokers are also closely matched overall, each earning a 3.5-star Education rating from ForexBrokers.com. HYCM ranks #28 out of 36 brokers for Education, while IFC Markets ranks slightly higher at #26. The main difference is that IFC Markets also offers at least 10 advanced educational videos for more experienced traders, while HYCM does not. Neither broker is shown as offering a minimum of 10 forex or CFD education pieces beyond the video content noted above.
| 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 #36.
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).
| Feature |
HYCM (Henyep Capital Markets)
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IFC Markets
|
|---|---|---|
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| Trust Score | 85 | 73 |
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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.
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0 of 5| Overall Rating | HYCM (Henyep Capital Markets) | IFC Markets | |
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| Trust Score | 85 | 73 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | IFC Markets | |
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| Broker Gallery (click to expand) |
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| Regulation | HYCM (Henyep Capital Markets) | IFC Markets | |
|---|---|---|---|
| Trust Score | 85 | 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 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 5 |
| 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 CMA 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) - Spread-only account | 1.3 | 1.44 | |
| All-in Cost EUR/USD - Raw spread account | 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 (Deposit/Withdraw) | 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 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 | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| Review | HYCM (Henyep Capital Markets) Review |
| Overall | HYCM (Henyep Capital Markets) | IFC Markets | |
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| Trust Score | 85 | 73 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review |
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