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 |
When it comes to commissions and fees, HYCM (Henyep Capital Markets) stands out with a competitive edge. Their Raw account offers an appealing all-in cost of approximately 0.6 pips for the popular EUR/USD pair, which positions it as a cost-effective choice. On the other hand, the Classic account from HYCM comes with a variable spread starting at 1.2 pips, while their fixed-spread account maintains a spread of 1.5 pips. Overall, HYCM receives a commendable rating of 4.5 stars and ranks #15 out of 63 brokers in the Commissions and Fees category according to ForexBrokers.com.
Comparatively, IFC Markets presents itself with an average EUR/USD spread of 1.44, which is above the industry standard of 1.08 and may seem less attractive for cost-conscious traders. However, their ECN account offers better conditions for active traders, effectively reducing spreads to 1.1 pips when factoring in the 0.005% commission on each side of a trade. Additionally, the absence of inactivity fees and potential active trader discounts add financial value for frequent traders. IFC Markets holds a 4-star rating in this category, with a rank of #39 out of 63 brokers.
In summary, while both HYCM and IFC Markets offer distinct advantages in their commission and fee structures, HYCM is generally more competitive for traders who prioritize lower costs, especially through their Raw account. Meanwhile, IFC Markets provides benefits for active traders seeking reduced costs with the right account selection. Ultimately, choosing between them depends on individual trading needs and preferences.
| Feature |
HYCM (Henyep Capital Markets)
|
IFC Markets
|
|---|---|---|
| Minimum Deposit | $20 | $1 |
| Average Spread EUR/USD - Standard | 1.2 | 1.44 |
| All-in Cost EUR/USD - Active | 0.6 | 1.1 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
HYCM and IFC Markets both offer forex trading as CFDs, providing a flexible way for traders to engage in currency markets. When looking at the breadth of tradeable symbols, HYCM takes the lead with 1,199 options compared to IFC Markets' 630. In terms of forex pairs, HYCM offers 70, while IFC Markets provides 49. This range gives HYCM an edge for those focused on currency trading. Additionally, HYCM allows clients to invest in U.S. exchange-traded securities, such as Apple shares, which is not an option with IFC Markets. Both brokers offer access to international exchange-traded stocks like Vodafone. However, only IFC Markets supports copy trading, which may appeal to traders looking to mirror the strategies of successful investors.
For cryptocurrency enthusiasts, both platforms enable trading through derivatives, but neither offers the actual purchase of cryptocurrencies. Overall, based on Range of Investments ratings, HYCM is rated 4 stars, slightly outperforming IFC Markets, which scores 3.5 stars. In the rankings by ForexBrokers.com, HYCM is placed 33rd out of 63 brokers in the Range of Investments category, while IFC Markets is ranked 43rd. This information may guide prospective traders in selecting a broker that aligns with their specific investment goals and preferences.
| 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. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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.
When considering trading platforms and tools, both HYCM and IFC Markets stand as solid choices for traders, offering essential features like free virtual demo accounts and in-house proprietary platforms. Each broker provides Windows-based desktop download platforms and convenient web-based platforms for browser use. Both also support popular third-party platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), ensuring versatility for different trading preferences. While they both lack features like DupliTrade and ZuluTrade, IFC Markets offers an additional copy trading feature, which can be appealing for those looking to replicate strategies, whereas HYCM does not support this.
For those keen on chart-based analysis and trading, both brokers offer identical support with the availability of 15 drawing tools and the option to trade directly from stock charts. Each broker provides seven columns for creating watch lists, ensuring you can keep track of necessary fields. Both are rated four stars for their trading platforms and tools, with IFC Markets having a slight edge in ForexBrokers.com's rankings at #36 compared to HYCM's #40. Therefore, while both brokers offer comprehensive and user-friendly platforms, your choice might hinge on additional features like copy trading or personal preference in ranking performance.
| Feature |
HYCM (Henyep Capital Markets)
|
IFC Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both HYCM and IFC Markets offer iPhone and Android apps, catering to traders who prefer using their mobile devices for trading. Users can receive stock or forex price alerts and draw trendlines on charts in both apps. Each app offers 30 technical studies for charting, along with the ability to view various time frames such as daily, weekly, or intraday. Both platforms also auto-save any drawings made on stock or forex charts, ensuring users don't lose their analysis.
Although both HYCM and IFC Markets provide real-time quotes with their watchlists, IFC Markets stands out for allowing watchlist symbol syncing between mobile apps and online accounts, making portfolio management more seamless. Despite this feature, HYCM is ranked higher for its mobile trading app by ForexBrokers.com, coming in at #37 out of 63 brokers, as compared to IFC Markets at #52. Both brokers are rated 4 stars for their mobile trading apps, indicating a solid user experience.
| Feature |
HYCM (Henyep Capital Markets)
|
IFC Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing market research offerings between HYCM (Henyep Capital Markets) and IFC Markets, both brokers provide daily market commentary, ensuring traders have regular insights into the latest market trends. However, HYCM stands out by offering forex news from top-tier sources like Bloomberg and Reuters, which IFC Markets does not. Moreover, HYCM gives traders access to technical analysis tools from Trading Central, unlike IFC Markets, which does not provide tools from Trading Central or another popular provider, Autochartist. Both brokers provide an economic calendar to track global news events, aiding traders in making informed decisions based on upcoming worldwide economic activities.
On the other hand, IFC Markets provides a unique sentiment-based trading tool that displays the ratio of long or short positions across various instruments, a feature not available with HYCM. Despite these differences, both brokers receive a research rating of 3.5 stars. Nonetheless, HYCM holds a slightly better position in the ForexBrokers.com ranking, coming in at 35 out of 63 brokers, compared to IFC Markets, which ranks at 40. In conclusion, while both brokers offer valuable resources, the choice between them may depend on whether traders prefer top-tier news sources and advanced technical tools or the added benefit of sentiment analysis.
| Feature |
HYCM (Henyep Capital Markets)
|
IFC Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational offerings of HYCM (Henyep Capital Markets) and IFC Markets, both brokers provide a substantial foundation for beginners interested in forex and CFDs. They each supply at least ten educational pieces that include articles, videos, and archived webinars focused on these financial subjects. Beginners will also find a wealth of beginner-specific video content, with both brokers offering at least ten videos that cover essential trading topics.
While neither broker provides regular live educational webinars, HYCM stands out with its searchable archive of recorded webinars, making it easier for users to revisit past sessions at their convenience. Additionally, HYCM and IFC Markets both offer an investor dictionary packed with over 50 investing terms, helping newbies get familiar with financial jargon. It's interesting to note that, although HYCM's educational resources lack advanced video content, IFC Markets includes a collection tailored for more experienced traders. Both brokers are rated 3.5 out of 5 stars for education, with IFC Markets slightly edging out HYCM at rank #30 compared to HYCM's #32 according to ForexBrokers.com.
| Feature |
HYCM (Henyep Capital Markets)
|
IFC Markets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
| Investor Dictionary (Glossary) | Yes | 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 #29, while IFC Markets finished with an overall rank of #45.
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)
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IFC Markets
|
|---|---|---|
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| Trust Score | 86 | 73 |
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Both HYCM (Henyep Capital Markets) and IFC Markets do not offer the ability to buy actual delivered cryptocurrency, but they both provide options to trade cryptocurrency derivatives.
While both HYCM (Henyep Capital Markets) and IFC Markets do not support ACH, SEPA, or PayPal for fund transfers, HYCM offers more flexibility by accepting Skrill, in addition to both brokers allowing deposits and withdrawals via Visa, Mastercard, and bank wires.
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 | 86 | 73 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | IFC Markets | |
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| 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 | 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 | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | HYCM (Henyep Capital Markets) | IFC Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| 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. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | 1.2 | 1.44 | |
| All-in Cost EUR/USD - Active | 0.6 | 1.1 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| 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 | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | HYCM (Henyep Capital Markets) | IFC Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | HYCM (Henyep Capital Markets) | IFC Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | HYCM (Henyep Capital Markets) | IFC Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | IFC Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | IFC Markets | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | HYCM (Henyep Capital Markets) Review |
| Overall | HYCM (Henyep Capital Markets) | IFC Markets | |
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| Trust Score | 86 | 73 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review |
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