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.
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
|
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 earns 5/5 stars for commissions and fees and ranks #8 out of 63 brokers. Its Forex Direct (DMA) account targets active traders with average EUR/USD spreads of 0.62 pips in July 2023; after commissions, the all‑in cost can be about 0.82 pips for high‑volume tiers. The base tier is $60 per million traded, while the lowest tier drops to $10 per million per side ($20 round‑turn). On IG’s CFD account, typical EUR/USD spreads averaged 0.69 pips during main trading hours and 0.98 pips across all sessions in July 2023 (IG US averaged 1.18 pips). IG also offers volume-based rebates for eligible professionals: 10% off spreads above £50 million per month and up to 20% above £300 million, which can bring effective costs toward roughly 0.60 pips in the example provided. Minimum deposit for the DMA account is £1,000.
HYCM (Henyep Capital Markets) earns 4.5/5 stars and ranks #16 out of 63 brokers for commissions and fees. Its Raw account is the standout, offering an all‑in cost around 0.6 pips on EUR/USD after commission. The Classic account has variable spreads starting from 1.2 pips, and the fixed‑spread account lists 1.5 pips, giving traders straightforward choices depending on their preference for spread-only pricing vs. commission pricing.
If you trade large sizes or very frequently, IG’s DMA pricing, tiered commissions, and potential spread rebates can be compelling. If you want simple, low all‑in pricing without high volume, HYCM’s Raw account is very competitive. Both brokers are cost‑conscious, but IG tilts toward high‑volume efficiency and multiple pricing paths, while HYCM makes it easy to access tight pricing through its Raw account.
| Feature |
IG
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | £250.00 | $20 |
| Average Spread EUR/USD - Standard | 0.98 | 1.2 |
| All-in Cost EUR/USD - Active | 0.82 | 0.6 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
IG vs HYCM: For range of investments, IG clearly covers more ground. IG lists 19,537 tradeable symbols and 97 forex pairs, while HYCM offers 1,199 symbols and 70 pairs. Reflecting that breadth, IG earns 5 out of 5 stars and ranks #4 out of 63 brokers for Range of Investments at ForexBrokers.com; HYCM earns 4 out of 5 stars and ranks #34.
Both brokers support forex trading via CFDs or spot, and both let clients buy exchange-traded U.S. and international shares (think Apple on NASDAQ and Vodafone in London). Neither offers copy trading. For crypto, both provide cryptocurrency derivatives, but only IG also lets you buy actual (delivered) cryptocurrency.
| 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. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| Cryptocurrency (Physical) | Yes | No |
| Cryptocurrency (Derivative) | 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 check the key boxes for platform access and ease of testing: each offers a free demo account, in-house proprietary platforms, a Windows desktop download, and a web-based platform. Both support MetaTrader 4 (MT4) and let you place trades directly from charts. Neither broker offers copy trading, DupliTrade, or ZuluTrade. A notable difference is MetaTrader 5 (MT5): HYCM supports MT5, while IG does not.
On trading tools, IG provides 20 drawing tools for charts compared with HYCM’s 15, while HYCM offers more watchlist fields (7 columns) than IG (5 columns). Both include technical indicators, though exact counts weren’t specified. For overall platform and tools quality, IG is rated 5 stars and ranks #2 out of 63 brokers at ForexBrokers.com, whereas HYCM earns 4 stars and ranks #41. In short, choose IG if platform ratings and charting tools matter most, or pick HYCM if MT5 access and extra watchlist detail are priorities.
| Feature |
IG
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 33 | 30 |
| Charting - Drawing Tools (Total) | 20 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 5 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Comparing IG vs HYCM for mobile trading apps, both brokers cover the essentials: iPhone and Android apps, price alerts, trendline drawing, multiple time frames, auto‑saved chart drawings, and real‑time quote watchlists. These tools make it easy to track forex and CFDs on the go without losing chart work between sessions.
Key differences favor IG. IG syncs watchlists between the mobile app and web platform, while HYCM does not. IG also offers 33 technical studies versus HYCM’s 30. Independent ratings back this up: IG earns 5 stars and ranks #1 out of 63 brokers for Mobile Trading Apps at ForexBrokers.com, while HYCM holds 4 stars and ranks #38. If you want seamless device syncing and a wider set of indicators, IG is the stronger pick; HYCM still suits traders who just need solid charts and alerts.
| Feature |
IG
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 33 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
IG vs HYCM (Henyep Capital Markets): Both brokers publish daily market commentary, stream forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones, and provide an economic calendar. The key differences are in research add-ons. IG includes Autochartist scanning tools, a sentiment indicator that shows long/short positioning, TipRanks market insights, and Acuity Trading tools (including Signal Centre). HYCM offers Trading Central analytics, but does not include Autochartist, a sentiment tool, TipRanks, or Acuity Trading features.
On independent ratings, IG earns 5/5 stars for Research and ranks #2 out of 63 brokers at ForexBrokers.com, while HYCM holds 3.5/5 stars and ranks #36. Traders seeking the widest mix of research tools may prefer IG, whereas those focused on Trading Central can consider HYCM.
| Feature |
IG
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to catering to beginners with educational resources, IG and HYCM both provide a variety of tools to get started with trading forex and CFDs. IG offers a comprehensive selection with more than 10 educational pieces, exceeding the minimum expectation for content. HYCM also meets this standard with a similar offering. However, IG stands out with its monthly online educational webinars, providing beginners with timely guidance and interaction opportunities, whereas HYCM does not offer such a feature monthly. Both platforms maintain searchable archives of recorded webinars, aiding learners who prefer to study on their own time.
Diving deeper into video content, IG continues to shine with over 10 beginner-friendly videos tailored to new traders. HYCM also supports newcomers with a comparable library. However, for those looking to advance, IG provides over 10 specialized videos for experienced traders, which is a level of depth not provided by HYCM. Both brokers offer an investor dictionary, covering numerous trading terms useful for all traders, beginners and seasoned alike. Reflecting these offerings, IG's commitment to education has earned it the distinction of being rated five stars and ranked as the top broker for education by ForexBrokers.com, while HYCM has a respectable 3.5-star rating, ranked 32nd among 63 brokers.
| Feature |
IG
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
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 #29.
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 | 86 |
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When comparing online brokers IG and HYCM, IG stands out by offering both the ability to buy actual delivered cryptocurrencies and cryptocurrency derivatives, whereas HYCM provides access only to cryptocurrency derivatives.
In comparing online brokers IG and HYCM, IG offers a wider selection of deposit and withdrawal options—including ACH, SEPA, PayPal, Visa, Mastercard, and bank wires—while HYCM supports deposits and withdrawals through Skrill, Visa, Mastercard, and bank wires, lacking ACH, SEPA, and PayPal options.
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 | 86 | |
| 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 | 86 | |
| 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 (SFC 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/Central Bank 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. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| Cryptocurrency (Physical) | Yes | No | |
| Cryptocurrency (Derivative) | 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 | 0.98 | 1.2 | |
| All-in Cost EUR/USD - Active | 0.82 | 0.6 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | IG | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | £250.00 | $20 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | IG | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | IG | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 5 | 7 | |
| Charting - Indicators / Studies (Total) | 33 | 30 | |
| Charting - Drawing Tools (Total) | 20 | 15 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 33 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | IG | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | IG | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | IG | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | IG Review | HYCM (Henyep Capital Markets) Review |
| Overall | IG | HYCM (Henyep Capital Markets) | |
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| Trust Score | 99 | 86 | |
| Winner | check_circle | ||
| Review | IG Review | HYCM (Henyep Capital Markets) Review |
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