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 |
IG and HYCM (Henyep Capital Markets) both offer pricing that can work well for active traders, but IG has the stronger edge overall on commissions and fees. IG earns a 5-star rating and ranks #6 out of 36 brokers for this category. Its Forex Direct DMA account is built for traders who want tighter pricing and can handle larger order flow, with July 2023 EUR/USD average spreads around 0.62 pips and an estimated all-in cost of about 0.82 pips after commission. IG’s standard CFD pricing is also competitive, with typical spreads averaging 0.69 pips during the main session, though costs can rise during quieter market hours.
HYCM is still a good low-cost choice, especially on its Raw account, which has an all-in EUR/USD cost of about 0.6 pips after commission. That said, its pricing is less attractive on the Classic account, where spreads start from 1.2 pips, and its fixed-spread account comes in at 1.5 pips. HYCM is rated 4.5 stars for commissions and fees and ranks #18 out of 36 brokers, putting it behind IG in both score and placement.
In simple terms, IG is the better pick if you want a broader set of pricing options, strong active-trader discounts, and better overall value for commissions and fees. HYCM can be competitive on its Raw account, but IG offers more flexibility and a stronger track record for cost-conscious traders.
| Feature |
IG
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | £1 | $20 |
| Average spread (EUR/USD) - Spread-only account | 0.91 | 1.3 |
| All-in Cost EUR/USD - Raw spread account | 0.82 | 0.6 |
| Non-wire bank transfer (Deposit/Withdraw) | 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 wider range of investments than HYCM (Henyep Capital Markets). Both brokers support forex trading as a CFD or spot contract, and both give access to exchange-traded shares on U.S. and international markets. IG, however, lists far more tradeable symbols overall, with 19,537 compared with HYCM’s 1,199, and it also offers more forex pairs, with 97 versus 70. That broader selection may appeal to traders who want more markets to choose from.
There are also a few key differences in what else you can trade. IG lets clients buy actual cryptocurrency, while HYCM does not, although both brokers offer cryptocurrency CFDs. Neither broker offers copy trading. These differences are reflected in their ratings and rankings for range of investments: IG scores 5 out of 5 stars and ranks #4 out of 36 brokers, while HYCM scores 4 out of 5 stars and ranks #28.
| 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 both give traders a similar set of platform options, including a free demo account for practice, an in-house platform, desktop software for Windows, and a web-based platform that runs in a browser. Both also support MetaTrader 4 and MetaTrader 5, and each lets you place trades directly from a chart. Neither broker offers copy trading, so traders looking for a social trading feature will need to look elsewhere. For everyday use, this means both brokers cover the basics well for charting, order entry, and multi-device access.
Where IG stands out is in its overall ratings and industry rank for trading platforms and tools. IG is rated 5 out of 5 stars and is ranked #1 out of 36 brokers by ForexBrokers.com, while HYCM is rated 4 out of 5 stars and ranks #34. If you want the broker that has earned stronger third-party recognition for platform quality and tools, IG has the edge, even though both brokers offer many of the same core trading features.
| 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 give traders the basics most people want: iPhone and Android apps, stock and forex price alerts, trendline drawing, and automatic saving of chart drawings. IG also stands out for offering watchlist symbol syncing, so changes made in the app carry over to the online account and vice versa. HYCM does not offer this syncing feature, which can be a drawback for traders who like to keep everything matched across devices.
IG also has the edge in charting and overall app quality. Its mobile app includes 33 technical studies, compared with 30 at HYCM. On top of that, IG is rated 5 stars for mobile trading apps and ranks #1 out of 36 brokers at ForexBrokers.com, while HYCM is rated 4 stars and ranks #32. For mobile traders who want a smoother experience with more tools and better account syncing, IG comes out ahead in this comparison.
| 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 give traders daily market commentary, forex news from major sources like Bloomberg and Reuters, and an economic calendar with key global events. That means each broker covers the basics well for staying on top of market-moving headlines and scheduled news. However, IG goes further with added research features such as Autochartist, sentiment data showing long and short positions, TipRanks, and Acuity Trading tools like Signal Centre. These extras can make it easier for traders to spot ideas and track market sentiment in one place.
HYCM also offers useful research support, including Trading Central tools, but it does not include several of the extra tools available at IG. This wider research offering helps explain why IG earns 5 stars for Research and ranks #2 out of 36 brokers at ForexBrokers.com, while HYCM is rated 3.5 stars and ranks #32. For traders who want more built-in market research tools, IG has the edge in this comparison.
| 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 trading education, IG stands out as the stronger choice over HYCM (Henyep Capital Markets). IG offers forex and CFDs learning content, plus monthly online client webinars, which can help new traders build confidence step by step. It also provides at least 10 beginner videos and 10 advanced videos, giving learners access to content for both first-time traders and those ready to go deeper. By comparison, HYCM also has at least 10 beginner videos, but it does not offer monthly webinars and falls short on advanced video education.
IG’s education offering is reflected in its top marks, with a 5-star Education rating and a #7 rank out of 36 brokers from ForexBrokers.com. HYCM, while still offering some useful beginner material, is rated 3.5 stars and ranked #28 in the same category. For traders who want more forex and CFDs education, regular webinars, and a wider mix of learning tools, IG is the better pick for educational support.
| 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
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 99 | 85 |
| Range of Investments |
|
|
| Trading Fees |
|
|
| Trading Platforms |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | IG | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 85 | |
| Winner | check_circle | ||
| Review | IG Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | IG | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
|
| 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) - Spread-only account | 0.91 | 1.3 | |
| All-in Cost EUR/USD - Raw spread account | 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 (Deposit/Withdraw) | 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) | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 85 | |
| Winner | check_circle | ||
| Review | IG Review | HYCM (Henyep Capital Markets) Review |
IG
FOREX.com
CMC Markets
XTB
eToro
Capital.com
AvaTrade
XM
Pepperstone
FP Markets
Tickmill
HFM Markets