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HYCM (Henyep Capital Markets) vs iFOREX 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of HYCM (Henyep Capital Markets) vs iFOREX, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

HYCM (Henyep Capital Markets)
4/5 Stars Overall
  • Minimum Deposit: $20
  • Trust Score: 86
  • Tradeable Symbols (Total): 1199
iFOREX
3.5/5 Stars Overall
  • Minimum Deposit: $100
  • Trust Score: 75
  • Tradeable Symbols (Total): 750

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.

Regulation

Founded in 1977, HYCM (Henyep Capital Markets) is an experienced online broker that holds a solid standing in the trading community. With two Tier-1 licenses, HYCM demonstrates a strong level of trust and security. It is not publicly traded and is not a bank, but its regulatory credentials establish its reputation. HYCM carries a Trust Score rating of 86, placing it comfortably in the 'trusted' category. This reflects its reliable regulatory oversight and commitment to safeguarding investor interests over its many years of operation.

In comparison, iFOREX has been in the market since 1996 and maintains a stable position as a brokerage service provider, holding one Tier-1 license. Similar to HYCM, iFOREX is neither publicly traded nor a bank. However, it possesses a slightly lower Trust Score rating of 75, which is considered an average risk according to ForexBrokers.com. This difference in regulatory licenses and Trust Score indicates that while both brokers offer secure platforms, HYCM might provide a slightly higher degree of confidence for cautious investors seeking a trusted trading environment.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
iFOREX logoiFOREX
Year Founded info 1977 1996
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 2 1
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1

Fees

Comparing commissions and fees, HYCM (Henyep Capital Markets) provides clear pricing across multiple account types. Its Raw account offers an all-in cost around 0.6 pips on EUR/USD (after commission), while the Classic account has a variable spread starting from 1.2 pips. There’s also a fixed-spread option at 1.5 pips. HYCM earns 4.5 out of 5 stars for commissions and fees and ranks #16 out of 63 brokers in this category.

By contrast, iFOREX does not publish average spread data, making it harder to estimate typical trading costs. Reflecting this, iFOREX holds a 3 out of 5 stars rating for commissions and fees and ranks #62 out of 63. If tight, transparent spreads are a priority—especially on EUR/USD—HYCM’s Raw account stands out, while its fixed-spread account may appeal to traders who want predictable costs.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
iFOREX logoiFOREX
Minimum Deposit info $20 $100
Average spread (EUR/USD) - Standard account info 1.2 info N/A info
All-in Cost EUR/USD - Active info 0.6 info N/A info
Non-wire bank transfer info No No
PayPal (Deposit/Withdraw) info No
Skrill (Deposit/Withdraw) info Yes
Bank Wire (Deposit/Withdraw) info Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

HYCM (Henyep Capital Markets) and iFOREX both support forex trading (CFD/spot) and offer cryptocurrency as CFDs, but neither lets you buy actual coins. HYCM provides 1,199 tradeable symbols, while iFOREX lists 750. For currency traders, iFOREX offers more forex pairs (88) than HYCM (70). A standout difference is share dealing: HYCM lets you buy exchange-traded shares on both U.S. and international markets (not just CFDs), whereas iFOREX does not. Neither broker offers copy trading.

For Range of Investments, ForexBrokers.com rates HYCM at 4 stars (34th of 63) and iFOREX at 3.5 stars (42nd of 63). Choose HYCM if you want a larger overall lineup and the ability to own real shares alongside CFDs. Pick iFOREX if your priority is a wider selection of forex pairs and CFD-based trading, including crypto CFDs. Your choice comes down to whether you value direct share ownership or a broader set of currency pairs.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
iFOREX logoiFOREX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1199 750
Forex Pairs (Total) info 70 88
U.S. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes No
Copy Trading info No No
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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.

Trading platforms and tools

Comparing HYCM (Henyep Capital Markets) vs iFOREX on trading platforms and tools: HYCM offers a free demo account for paper trading, while iFOREX does not. Both brokers provide a proprietary platform and a web-based platform you can use in your browser. HYCM also supplies a Windows desktop download, plus MetaTrader 4 (MT4) and MetaTrader 5 (MT5). iFOREX does not offer a desktop download and does not support MT4 or MT5. Neither broker features copy trading, but both let you place trades directly from a chart.

For platform quality, each broker earns 4 out of 5 stars from ForexBrokers.com; however, HYCM ranks #41 of 63 brokers in the Trading Platforms and Tools category, compared with iFOREX at #55. In short, HYCM’s wider platform lineup and access to MT4/MT5—and the ability to practice on a demo—may appeal to traders who want more choice, while iFOREX suits those who prefer a simple, browser-based experience.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
iFOREX logoiFOREX
Virtual Trading (Demo) info Yes No
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes No
Web Platform info Yes Yes
Copy Trading info No No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes No
Charting - Indicators / Studies (Total) info 30 57
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

HYCM (Henyep Capital Markets) and iFOREX both offer mobile trading apps for iPhone and Android. HYCM stands out for traders who want price alerts on their phone, while iFOREX does not offer alerts. Neither app syncs watchlists between mobile and web. Both are rated 4 out of 5 stars for mobile trading apps.

For charting, HYCM provides 30 technical studies, lets you draw trendlines, and auto-saves your drawings—useful for keeping your analysis intact between sessions. iFOREX does not list a count of technical studies and does not support trendline drawing or auto-saving chart marks. Reflecting these differences, ForexBrokers.com ranks HYCM 38th out of 63 brokers for mobile apps, compared with iFOREX at 56th out of 63.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
iFOREX logoiFOREX
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes No
Mobile Watchlists - Syncing info No No
Mobile Charting - Indicators / Studies info 30 N/A
Mobile Charting - Draw Trendlines info Yes No
Mobile Charting - Trendlines Autosave info Yes No

Dive deeper: Best Forex Trading Apps.

Market research

HYCM (Henyep Capital Markets) and iFOREX both offer daily market commentary and an economic calendar, and each includes Trading Central research. Neither broker provides Autochartist tools. A key difference is news coverage: HYCM includes forex news from top-tier sources, while iFOREX does not. On the flip side, iFOREX offers a sentiment tool that shows long/short ratios across markets, which HYCM does not provide.

Both brokers earn 3.5 stars for Research from ForexBrokers.com. However, HYCM ranks 36th out of 63 in the Research category, ahead of iFOREX at 49th. In short, choose HYCM if you value premium news feeds alongside Trading Central, or pick iFOREX if a built-in sentiment gauge is important to your trading routine.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
iFOREX logoiFOREX
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes No
Autochartist info No No
Trading Central info Yes Yes
Client sentiment data info No Yes
TipRanks info No
Acuity Trading info No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

For beginners comparing HYCM (Henyep Capital Markets) and iFOREX, both brokers offer forex and CFD education with at least ten pieces of content, and each provides 10+ beginner educational videos. Neither broker hosts ongoing client webinars at a rate of at least one per month.

When it comes to depth, neither HYCM nor iFOREX delivers 10 or more advanced videos for experienced traders. Both are rated 3.5 out of 5 stars for Education. However, HYCM ranks higher for Education on ForexBrokers.com (#32 of 63) compared with iFOREX (#53 of 63), making HYCM the stronger pick on ranking alone, while beginners will find similar video-based learning at either broker.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
iFOREX logoiFOREX
Webinars info No No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info No No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that HYCM (Henyep Capital Markets) is better than iFOREX. HYCM (Henyep Capital Markets) finished with an overall rank of #29, while iFOREX finished with an overall rank of #52.

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) logoHYCM (Henyep Capital Markets)
iFOREX logoiFOREX
Overall Rating info 4/5 Stars 3.5/5 Stars
Trust Score info 86 75
Range of Investments 4/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 3/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 4/5 Stars 3/5 Stars

FAQs

Can you trade cryptocurrency with HYCM (Henyep Capital Markets) or iFOREX?

HYCM (Henyep Capital Markets) vs iFOREX: neither broker allows buying actual (delivered) cryptocurrencies, but both support cryptocurrency CFD trading.

What funding options does each broker offer?

Comparing deposit and withdrawal methods at online brokers HYCM (Henyep Capital Markets) and iFOREX: both do not support ACH/SEPA; HYCM supports Skrill and bank wires but not PayPal, while details for iFOREX on PayPal, Skrill, Visa/Mastercard, and bank wires—as well as HYCM’s Visa/Mastercard—were not provided.

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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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Overall Rating HYCM (Henyep Capital Markets) iFOREX
Overall Rating info 4/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 3/5 Stars
Range of Investments 4/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Education 4/5 Stars 3/5 Stars
Trust Score info 86 75
Winner check_circle
Review HYCM (Henyep Capital Markets) Review
Broker Screenshots HYCM (Henyep Capital Markets) iFOREX
Broker Gallery (click to expand) info
HYCM MT5 desktop trading platform HYCM client portal Analyst Views market analysis HYCM YouTube channel videos.
Regulation HYCM (Henyep Capital Markets) iFOREX
Trust Score info 86 75
Year Founded info 1977 1996
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info No info Yes info
Tier-1 Licenses info 2 1
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1
Tier-1 Licenses (Highly Trusted) HYCM (Henyep Capital Markets) iFOREX
Australia (ASIC Authorised) info No No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info Yes No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info No info Yes info
Tier-2 Licenses (Trusted) HYCM (Henyep Capital Markets) iFOREX
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA, FSRA, or SCA Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments HYCM (Henyep Capital Markets) iFOREX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1199 750
Forex Pairs (Total) info 70 88
U.S. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes No
Copy Trading info No No
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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 HYCM (Henyep Capital Markets) iFOREX
Average spread (EUR/USD) - Standard account info 1.2 info N/A info
All-in Cost EUR/USD - Active info 0.6 info N/A info
Inactivity Fee info No No
Order execution: Agency info Yes No
Order execution: Market Maker info Yes Yes
Funding HYCM (Henyep Capital Markets) iFOREX
Minimum Deposit info $20 $100
PayPal (Deposit/Withdraw) info No
Skrill (Deposit/Withdraw) info Yes
Bank Wire (Deposit/Withdraw) info Yes
Non-wire bank transfer info No No
Trading Platforms HYCM (Henyep Capital Markets) iFOREX
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes No
Web Platform info Yes Yes
Copy Trading info No No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes No
cTrader info No No
Trading Tools HYCM (Henyep Capital Markets) iFOREX
Virtual Trading (Demo) info Yes No
Price Alerts info Yes No
Charting - Indicators / Studies (Total) info 30 57
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes No
Mobile Trading HYCM (Henyep Capital Markets) iFOREX
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes No
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info No No
Mobile Charting - Indicators / Studies info 30 N/A
Mobile Charting - Draw Trendlines info Yes No
Mobile Charting - Trendlines Autosave info Yes No
Mobile Research - Economic Calendar info Yes No
Research HYCM (Henyep Capital Markets) iFOREX
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes No
Autochartist info No No
Trading Central info Yes Yes
TipRanks info No
Client sentiment data info No Yes
Economic Calendar info Yes Yes
Education HYCM (Henyep Capital Markets) iFOREX
Webinars info No No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info No No
Major Forex Pairs HYCM (Henyep Capital Markets) iFOREX
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review HYCM (Henyep Capital Markets) Review
Overall HYCM (Henyep Capital Markets) iFOREX
Overall Rating info 4/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 3/5 Stars
Range of Investments 4/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Education 4/5 Stars 3/5 Stars
Trust Score info 86 75
Winner check_circle
Review HYCM (Henyep Capital Markets) Review
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