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 |
When comparing commissions and fees, HYCM (Henyep Capital Markets) comes out ahead of IFC Markets for most traders. HYCM’s Raw account is the most price-friendly option, with an all-in cost of about 0.6 pips on EUR/USD after commission. Its Classic account starts from 1.2 pips, while the fixed-spread account is set at 1.5 pips. HYCM is rated 4.5 out of 5 stars for commissions and fees and ranks #18 out of 36 brokers by ForexBrokers.com.
IFC Markets is a bit less competitive on standard pricing, with an average EUR/USD spread of 1.44, which is above the industry average of 1.08. That said, active traders may find better value with its ECN account, where the effective spread is about 1.1 pips after the 0.005% commission on both sides of the trade. IFC Markets also does not charge inactivity fees and offers active trader discounts, which can help lower overall costs. It is rated 4 out of 5 stars and ranks #32 out of 36 brokers for commissions and fees.
Overall, HYCM appears to offer better value for traders focused on lower trading costs, especially on its Raw account. IFC Markets can still be appealing for active traders who want ECN pricing and no inactivity fee, but its typical spread pricing is less attractive than HYCM’s best rates.
| 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.
When it comes to range of investments, HYCM (Henyep Capital Markets) has the broader offering. Both brokers let clients trade forex as CFDs or spot contracts, and both offer cryptocurrency CFDs rather than actual crypto. HYCM stands out with 1,199 tradeable symbols and 70 forex pairs, compared with IFC Markets’ 630 symbols and 49 forex pairs. HYCM also gives access to exchange traded securities on both U.S. and international exchanges, while IFC Markets does not offer U.S.-listed shares but does provide international exchange traded securities.
IFC Markets does have one clear advantage: copy trading is available, while HYCM does not support it. Still, HYCM scores higher overall for range of investments, earning 4 out of 5 stars and ranking #27 out of 36 brokers on ForexBrokers.com. IFC Markets is rated 3.5 stars and ranks #31, reflecting a smaller selection overall despite its copy trading feature.
| 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 plenty of platform choices, including free demo accounts for practice, their own in-house platforms, Windows desktop downloads, browser-based trading, MetaTrader 4, and MetaTrader 5. Both also let users trade directly from charts, which can make order placement faster and easier. On ForexBrokers.com, each broker earns 4 out of 5 stars for Trading Platforms and Tools, showing a similar level of strength in this area.
The main difference is that IFC Markets offers copy trading, while HYCM does not. That extra feature may appeal to traders who want to follow other investors’ trades. In ForexBrokers.com’s ranking out of 36 brokers, IFC Markets places slightly higher at #29 compared with HYCM at #32, so IFC Markets has a small edge overall in this category.
| 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 mobile traders the basics they need, with iPhone and Android apps available on both platforms. Each app also includes stock or forex price alerts, 30 technical studies for charting, trendline drawing, and auto-saving for chart drawings. In short, both brokers make it easy to follow the market and manage trades from a phone or tablet.
The key difference is watchlist syncing. IFC Markets lets your mobile watchlists sync with your online account, so updates carry over between devices, while HYCM does not offer this feature. Both brokers are rated 4 out of 5 stars for mobile trading apps, but ForexBrokers.com ranks HYCM higher at #30 out of 36 brokers, compared with IFC Markets at #34. For traders who want watchlist sync, IFC Markets has the edge; for overall mobile app quality, both are fairly close.
| 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 are closely matched for market research, and both provide daily market commentary plus an economic calendar with upcoming global events. They also share the same Research rating of 3.5 out of 5 stars, with HYCM ranked #29 out of 36 brokers and IFC Markets close behind at #30.
Where HYCM stands out is in its access to forex news from major sources like Bloomberg, Reuters, or Dow Jones, as well as Trading Central tools for added technical insight. IFC Markets, on the other hand, does not offer those news or Trading Central features, but it does include 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.
When it comes to beginner-friendly learning tools, both HYCM (Henyep Capital Markets) and IFC Markets give new traders a decent place to start. Each broker offers at least 10 beginner education videos that cover trading basics, which can help first-time users learn how forex and CFD trading works. Neither broker offers monthly live educational webinars, so beginners looking for regular classroom-style sessions will need to look elsewhere.
For more advanced learning, IFC Markets has the edge because it offers at least 10 advanced educational videos, while HYCM does not. That said, both brokers are rated 3.5 out of 5 stars for Education, with IFC Markets ranked slightly higher by ForexBrokers.com at #25 compared with HYCM’s #27 out of 36 brokers. Overall, IFC Markets has a small advantage for traders who want to keep learning beyond the basics, but both brokers provide a similar starting point for beginners.
| 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).
| 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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| 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) - 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 | |
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| Trust Score | 85 | 73 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review |
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