Written by ForexBrokers.com
In this head to head comparison of IG vs HYCM (Henyep Capital 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.
Comparing online brokers IG and HYCM (Henyep Capital Markets): IG was founded in 1974, while HYCM began in 1977. IG is publicly traded and operates as a bank; HYCM is not publicly traded and is not a bank.
On regulation and trust, IG holds 8 Tier-1 licenses and 2 Tier-2 licenses, earning a 99/99 Trust Score from ForexBrokers.com (90–99 = highly trusted). HYCM holds 2 Tier-1 licenses and 1 Tier-2 license, with an 85/99 Trust Score (80–89 = trusted).
| Feature |
IG
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 1974 | 1977 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 8 | 2 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing IG and HYCM on commissions and fees, both brokers offer pricing that can work well for active traders, but IG has the edge overall. IG’s Forex Direct and DMA pricing can bring costs close to the industry average, with an all-in EUR/USD cost of about 0.82 pips in July 2023 for its commission-based setup. Its CFD pricing was also competitive, with average spreads of 0.69 pips during the main trading session, and volume-based rebates can reduce costs further for qualifying traders. IG earns 5 stars for commissions and fees and is ranked #7 out of 36 brokers by ForexBrokers.com.
HYCM’s pricing is also attractive, especially on its Raw account, which has an estimated all-in EUR/USD cost of about 0.6 pips after commission. That said, its other account types are less competitive, with the Classic account starting from 1.2 pips and the fixed-spread account at 1.5 pips. HYCM receives 4.5 stars for commissions and fees and is ranked #18 out of 36 brokers.
In simple terms, HYCM can be cheaper on its Raw account, but IG offers more flexible pricing options, stronger discounts for high-volume traders, and a better overall standing in the commissions and fees category. If you want broader choice and strong pricing across different trading styles, IG is the stronger pick; if you mainly care about a low-cost raw spread account, HYCM is still worth a look.
| Feature |
IG
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | £1 | $20 |
| Average spread (EUR/USD) - Standard account | 0.91 | 1.3 |
| All-in Cost EUR/USD - Active | 0.82 | 0.6 |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
IG offers a much wider range of investments than HYCM (Henyep Capital Markets), making it the stronger choice for traders who want more ways to diversify. IG lists 19,537 tradeable symbols and 97 forex pairs, while HYCM offers 1,199 symbols and 70 forex pairs. Both brokers support forex trading as either a CFD or spot contract, and both let clients trade exchange-traded securities on U.S. and international exchanges, such as shares in Apple or Vodafone.
There are a few key differences in the product lineup. IG allows clients to buy actual cryptocurrency as well as trade crypto CFDs, while HYCM only offers cryptocurrency CFDs. Neither broker offers copy trading. In ForexBrokers.com’s Range of Investments category, IG is rated 5 out of 5 stars and ranked #4 out of 36 brokers, compared with HYCM’s 4 out of 5 stars and #27 ranking.
| Feature |
IG
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 19537 | 1199 |
| Forex Pairs (Total) | 97 | 70 |
| U.S. Stocks (Shares) | Yes | Yes |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | No | No |
| Cryptocurrency (Underlying) | Yes | 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). | 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.
IG and HYCM (Henyep Capital Markets) both give traders a wide set of platform choices, including free demo accounts, in-house platforms, Windows desktop downloads, web-based trading, and support for both MetaTrader 4 and MetaTrader 5. Each broker also lets users trade directly from charts, which is helpful for placing orders quickly while watching price action. One key limit for both is that neither offers copy trading, so traders looking to follow other investors will need to look elsewhere.
When it comes to trading platforms and tools, IG has the edge overall. ForexBrokers.com rates IG 5 out of 5 stars in this category and ranks it #1 out of 36 brokers, while HYCM earns 4 out of 5 stars and is ranked #32. For traders comparing IG vs HYCM, the main difference is that IG stands out as the stronger all-around choice for platform quality and tools, even though both brokers cover the core features most active traders expect.
| Feature |
IG
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | No |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 33 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing IG vs. HYCM (Henyep Capital Markets) for mobile trading apps, both brokers make it easy to trade on the go with iPhone and Android apps, plus stock and forex price alerts. Each app also lets users draw trendlines on charts and saves those drawings automatically, which is helpful for tracking ideas over time. IG offers 33 technical studies in its mobile charting tools, while HYCM provides 30, giving IG a slight edge for traders who want a bit more chart detail.
The bigger difference is in watchlist syncing and overall mobile app quality. IG supports watchlist symbol syncing between the mobile app and online account, so updates carry over in both places, while HYCM does not. That added convenience helps IG stand out, and it is reflected in the ratings and rankings: IG earns 5 stars for Mobile Trading Apps and ranks #1 out of 36 brokers on ForexBrokers.com, while HYCM holds a 4-star rating and ranks #30. For traders who want the stronger mobile trading experience, IG comes out ahead.
| Feature |
IG
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 33 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
IG and HYCM both provide daily market commentary, forex news from leading sources such as Bloomberg and Reuters, and an economic calendar that tracks major global events. This means both brokers give traders useful background for following the markets and planning around key news releases.
Where IG stands out is in the wider range of research tools it offers. IG includes Autochartist, sentiment data showing long and short positions, TipRanks, and Acuity Trading tools like Signal Centre, while HYCM offers Trading Central instead of Autochartist and does not include the other tools listed. This broader research lineup helps explain why IG is rated 5 out of 5 stars for Research and ranked #2 out of 36 brokers by ForexBrokers.com, compared with HYCM’s 3.5-star rating and #29 ranking.
| Feature |
IG
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | No | Yes |
| Client sentiment data | Yes | No |
| TipRanks | Yes | No |
| Acuity Trading | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to beginner-friendly learning, IG has the edge over HYCM (Henyep Capital Markets). IG offers forex and CFDs education with plenty of learning materials, including at least 10 beginner videos, at least 10 advanced videos, and monthly educational webinars for clients. This gives new traders more ways to learn at their own pace, with content that covers both first steps and more advanced trading ideas. IG is also rated 5 stars for Education and ranks #7 out of 36 brokers in ForexBrokers.com’s Education category.
HYCM also provides at least 10 beginner trading videos, so beginners still have some useful material to start with. However, it does not offer monthly educational webinars and does not match IG’s depth for advanced video education. HYCM is rated 3.5 stars for Education and ranks #27 out of 36 brokers, which suggests its learning resources are more limited overall. For traders who want a wider range of forex and CFDs education, especially ongoing webinars and advanced lessons, IG is the stronger choice.
| Feature |
IG
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that IG is better than HYCM (Henyep Capital Markets). IG finished with an overall rank of #1, while HYCM (Henyep Capital Markets) finished with an overall rank of #26.
IG offers the ultimate comprehensive trading package, featuring excellent trading and research tools, industry-leading education, and an extensive range of tradeable markets.
| Feature |
IG
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HYCM (Henyep Capital Markets)
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|---|---|---|
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| Trust Score | 99 | 85 |
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In an IG vs HYCM (Henyep Capital Markets) comparison, IG lets you buy actual (delivered) cryptocurrency and trade cryptocurrency CFDs, while HYCM offers cryptocurrency CFDs only and does not support buying actual delivered crypto.
Comparing funding options, IG enables ACH/SEPA transfers, PayPal, and bank wire deposits and withdrawals (but not Skrill), whereas HYCM (Henyep Capital Markets) supports Skrill and bank wires (but not ACH/SEPA or PayPal); Visa/Mastercard availability is not specified for either broker.
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 | IG | HYCM (Henyep Capital Markets) | |
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| Trust Score | 99 | 85 | |
| Winner | check_circle | ||
| Review | IG Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | IG | HYCM (Henyep Capital Markets) | |
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| Regulation | IG | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trust Score | 99 | 85 | |
| Year Founded | 1974 | 1977 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 8 | 2 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | IG | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (FSA Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | ||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | IG | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | IG | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 19537 | 1199 | |
| Forex Pairs (Total) | 97 | 70 | |
| U.S. Stocks (Shares) | Yes | Yes | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | No | No | |
| Cryptocurrency (Underlying) | Yes | 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). | 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 | IG | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 0.91 | 1.3 | |
| All-in Cost EUR/USD - Active | 0.82 | 0.6 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | IG | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | £1 | $20 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | IG | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | No | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | IG | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 33 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | IG | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 33 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | IG | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | Yes | |
| TipRanks | Yes | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | IG | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | IG | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | IG Review | HYCM (Henyep Capital Markets) Review |
| Overall | IG | HYCM (Henyep Capital Markets) | |
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| Trust Score | 99 | 85 | |
| Winner | check_circle | ||
| Review | IG Review | HYCM (Henyep Capital Markets) Review |
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