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IG vs HYCM (Henyep Capital Markets) 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

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.

IG
5/5 Stars Overall
  • Minimum Deposit: £1
  • Trust Score: 99
  • Tradeable Symbols (Total): 19537
HYCM (Henyep Capital Markets)
4/5 Stars Overall
  • Minimum Deposit: $20
  • Trust Score: 86
  • Tradeable Symbols (Total): 1199

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

IG and HYCM (Henyep Capital Markets) are both established online brokers, with IG founded in 1974 and HYCM in 1977. A key difference lies in their exchange status: IG is publicly traded, enhancing its transparency, while HYCM remains privately held. Moreover, IG operates as a bank, offering an additional layer of security for investors, a feature that HYCM does not share. These differences are crucial for traders seeking stability and public accountability in their chosen broker.

Regulatory strength is another area where IG and HYCM differ significantly. IG boasts an impressive 99 Trust Score from ForexBrokers.com, owing to its possession of 8 Tier-1 licenses and 2 Tier-2 licenses, making it highly trusted. In contrast, HYCM holds 2 Tier-1 licenses and 1 Tier-2 license, earning it a Trust Score of 86, indicating it is trusted but less so than IG. These scores reflect the perceived risk and reliability of each broker, with IG demonstrating superior regulatory oversight and client protection.

Feature IG logoIG
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Year Founded info 1974 1977
Publicly Traded (Listed) info Yes No
Bank info Yes No
Tier-1 Licenses info 8 2
Tier-2 Licenses info 2 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1

Fees

IG and HYCM both deliver competitive commissions and fees, but they suit different traders. IG earns 5/5 stars and ranks #7 out of 63 for Commissions and Fees, while HYCM scores 4.5/5 stars and ranks #18. On EUR/USD, HYCM’s Raw account posts an all-in cost around 0.6 pips after commission. IG can also get to about 0.60 pips for qualifying professionals via active-trader rebates, while its commission-based Forex Direct (DMA) averaged a 0.62-pip raw spread in July 2023 and about 0.82 pips all-in at the highest volume tier.

IG offers multiple execution methods (including DMA via L2 Dealer) and is built to handle large orders. On its spread-only CFD account, typical EUR/USD spreads were about 0.69 pips during the main session in July 2023, widening outside peak hours; the full-month global average was 0.98 pips (IG US averaged 1.18 pips). For high-volume traders who qualify as professionals in the EU, IG’s tiered rebates cut spreads by 10% above £50 million in monthly forex volume and by up to 20% above £300 million—an example reduction brings costs to roughly 0.60 pips.

HYCM keeps pricing straightforward with three choices: the Raw account at about 0.6 pips all-in on EUR/USD (after commission), the Classic account with variable spreads starting from 1.2 pips, and a fixed-spread option at 1.5 pips. If you want a simple low-cost, commission-plus-spread plan, HYCM’s Raw account is sharp; if you trade large size or want DMA and volume-based discounts, IG’s structure and tools can be more appealing.

Feature IG logoIG
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Minimum Deposit info £1 $20
Average spread (EUR/USD) - Standard account info 0.91 info 1.3 info
All-in Cost EUR/USD - Active info 0.82 info 0.6 info
Non-wire bank transfer info Yes No
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info No Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

Comparing IG vs HYCM (Henyep Capital Markets) for range of investments, IG offers a far larger selection: 19,537 tradeable symbols and 97 forex pairs, versus HYCM’s 1,199 symbols and 70 forex pairs. Both brokers let you trade forex as CFDs or spot and both provide access to exchange-traded stocks on U.S. and international markets (not just CFDs), so you can buy shares like Apple on NASDAQ or Vodafone in London.

For crypto, IG supports both actual (delivered) cryptocurrencies and crypto CFDs, while HYCM offers crypto only through CFDs. Neither broker offers copy trading. Based on these offerings, ForexBrokers.com rates IG 5 stars and ranks it #4 out of 63 for Range of Investments, while HYCM earns 4 stars and ranks #27. Choose IG if you want the widest market coverage, or HYCM if you need the essentials with a smaller lineup.

Feature IG logoIG
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 19537 1199
Forex Pairs (Total) info 97 70
U.S. Stocks (Shares) info Yes Yes
Global Stocks (Non-U.S. Shares) info Yes Yes
Copy Trading info No No
Cryptocurrency (Underlying) info Yes info 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 IG and HYCM (Henyep Capital Markets) for trading platforms and tools, both brokers tick many of the same boxes. Each offers a free demo account for simulated trading, a proprietary (in‑house) platform, and both Windows desktop and web-based platforms. You’ll also find MetaTrader 4 (MT4) and MetaTrader 5 (MT5) at both brokers, plus the ability to place trades directly from charts. Neither broker supports copy trading.

Where they differ is in third-party ratings: IG earns 5 out of 5 stars and ranks #1 out of 63 brokers for Trading Platforms and Tools at ForexBrokers.com, while HYCM scores 4 out of 5 stars and ranks #32. Both include technical indicators for charting and offer watch lists, but IG’s platform lineup and toolset are judged stronger overall, making it the better choice if platform quality is your top priority. HYCM remains a capable option, especially if you prefer MetaTrader alongside a broker’s own platform.

Feature IG logoIG
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info No No
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
Charting - Indicators / Studies (Total) info 33 30
Charting - Trade From Chart info Yes Yes

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

Forex trading apps

IG and HYCM (Henyep Capital Markets) both offer mobile trading apps for iPhone and Android with key features traders expect: price alerts, the ability to draw trendlines, and auto-saving of chart drawings. For charting tools, IG includes 33 technical studies while HYCM offers 30, giving IG a slight edge for indicator variety.

IG also syncs watchlists between its mobile app and web platform, while HYCM does not. Independent ratings reflect these differences: IG earns 5 stars and ranks #1 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, whereas HYCM holds 4 stars and ranks #30. If watchlist syncing and a few more built-in indicators matter to you, IG stands out; if you just need core mobile trading features on both iOS and Android, HYCM delivers.

Feature IG logoIG
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Android App info Yes info Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 33 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

IG and HYCM (Henyep Capital Markets) both publish daily market commentary, stream forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, and provide an economic calendar for global events. The key differences show up in their tools: IG adds Autochartist, a client sentiment gauge that shows long/short ratios, TipRanks research, and Acuity Trading tools such as Signal Centre. HYCM offers Trading Central analytics but does not include Autochartist, TipRanks, Acuity tools, or a sentiment indicator.

For market research, IG takes the lead with a 5-star rating and a #2 rank out of 63 brokers at ForexBrokers.com. HYCM is rated 3.5 stars and ranks #29. In short, HYCM covers core news and calendar needs, while IG delivers more tools, ideas, and sentiment insights for traders who want deeper research support.

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

Dive deeper: Best Brokers for Forex Research.

Beginners and education

Comparing IG and HYCM for beginner education, both brokers offer at least 10 beginner-friendly trading videos. IG stands out by hosting ongoing client webinars (at least once a month) and providing a wide range of advanced videos, which makes it easier to progress from the basics to more complex topics. HYCM does not run monthly educational webinars and does not meet the threshold for advanced video depth, so its learning path leans more toward self-paced introductory content.

Independent ratings back up the difference: IG earns 5 stars for Education and ranks #7 out of 63 brokers at ForexBrokers.com, while HYCM scores 3.5 stars and ranks #27. If you want regular live sessions plus room to grow into advanced material, IG is the stronger fit. If you mainly want beginner video lessons without live classes, HYCM can cover the essentials.

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

Dive deeper: Best Forex Brokers for Beginners.

Winner

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 logoIG
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Overall Rating info 5/5 Stars 4/5 Stars
Trust Score info 99 86
Range of Investments 5/5 Stars 4/5 Stars
Trading Fees 5/5 Stars 4.5/5 Stars
Trading Platforms 5/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Education 5/5 Stars 4/5 Stars

FAQs

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

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.

What funding options does each broker offer?

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.

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Overall Rating IG HYCM (Henyep Capital Markets)
Overall Rating info 5/5 Stars 4/5 Stars
Trading Fees 5/5 Stars 4.5/5 Stars
Range of Investments 5/5 Stars 4/5 Stars
Trading Platforms 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Education 5/5 Stars 4/5 Stars
Trust Score info 99 86
Winner check_circle
Review IG Review HYCM (Henyep Capital Markets) Review
Broker Screenshots IG HYCM (Henyep Capital Markets)
Broker Gallery (click to expand) info
IG trading mobile app charting IG web platform dark mode IG research special research reports IG educational academy course detail
HYCM MT5 desktop trading platform HYCM client portal Analyst Views market analysis HYCM YouTube channel videos.
Regulation IG HYCM (Henyep Capital Markets)
Trust Score info 99 86
Year Founded info 1974 1977
Publicly Traded (Listed) info Yes No
Bank info Yes No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-1 Licenses info 8 2
Tier-2 Licenses info 2 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1
Tier-1 Licenses (Highly Trusted) IG HYCM (Henyep Capital Markets)
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No Yes
Japan (FSA Authorised) info Yes No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info Yes
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info Yes No
New Zealand (FMA Authorised) info Yes No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-2 Licenses (Trusted) IG HYCM (Henyep Capital Markets)
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info Yes No
UAE (DFSA, FSRA, or SCA Authorised) info Yes Yes
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments IG HYCM (Henyep Capital Markets)
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 19537 1199
Forex Pairs (Total) info 97 70
U.S. Stocks (Shares) info Yes Yes
Global Stocks (Non-U.S. Shares) info Yes Yes
Copy Trading info No No
Cryptocurrency (Underlying) info Yes info 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 IG HYCM (Henyep Capital Markets)
Average spread (EUR/USD) - Standard account info 0.91 info 1.3 info
All-in Cost EUR/USD - Active info 0.82 info 0.6 info
Inactivity Fee info Yes No
Order execution: Agency info Yes Yes
Order execution: Market Maker info Yes Yes
Funding IG HYCM (Henyep Capital Markets)
Minimum Deposit info £1 $20
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info No Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info Yes No
Trading Platforms IG HYCM (Henyep Capital Markets)
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info No No
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
cTrader info No No
Trading Tools IG HYCM (Henyep Capital Markets)
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 33 30
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading IG HYCM (Henyep Capital Markets)
Android App info Yes info Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 33 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes
Mobile Research - Economic Calendar info Yes Yes
Research IG HYCM (Henyep Capital Markets)
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central info No Yes
TipRanks info Yes No
Client sentiment data info Yes No
Economic Calendar info Yes Yes
Education IG HYCM (Henyep Capital Markets)
Webinars info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Major Forex Pairs IG HYCM (Henyep Capital Markets)
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 IG Review HYCM (Henyep Capital Markets) Review
Overall IG HYCM (Henyep Capital Markets)
Overall Rating info 5/5 Stars 4/5 Stars
Trading Fees 5/5 Stars 4.5/5 Stars
Range of Investments 5/5 Stars 4/5 Stars
Trading Platforms 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Education 5/5 Stars 4/5 Stars
Trust Score info 99 86
Winner check_circle
Review IG Review HYCM (Henyep Capital Markets) Review
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