Written by ForexBrokers.com
In this head to head comparison of Interactive Brokers 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.
Interactive Brokers and HYCM (Henyep Capital Markets) were both founded in 1977. Interactive Brokers is publicly traded, while HYCM is privately held; neither is a bank. On ForexBrokers.com’s Trust Score, Interactive Brokers earns 99/99 (highly trusted) and HYCM scores 85/99 (trusted) — on a scale where 90–99 is highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, and below 59 not trusted.
Regulation is a key difference. Interactive Brokers holds 8 Tier-1 licenses and 2 Tier-2 licenses, signaling broad oversight from top regulators. HYCM holds 2 Tier-1 and 1 Tier-2 licenses, offering a solid but narrower regulatory footprint. If you prioritize the widest set of top-tier approvals and the disclosures that come with a listed company, Interactive Brokers stands out; HYCM remains a trusted option with fewer high-tier licenses.
| Feature |
Interactive Brokers
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 1977 | 1977 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 8 | 2 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
Interactive Brokers offers low-cost forex trading, especially for active traders and larger order sizes. Its EUR/USD all-in cost was about 0.59 pips in Q3 2024, and its commission-based model starts at $2 per side, with lower rates available for very high-volume traders. It does not publish average forex spreads, which makes direct comparison harder, but its pricing is generally considered strong for traders who want tight costs and good execution. Interactive Brokers is rated 5 stars and ranked #2 out of 36 brokers for Commissions and Fees.
HYCM (Henyep Capital Markets) is also competitive, but its pricing depends more on account type. The Raw account has an all-in EUR/USD cost of about 0.6 pips after commission, which is close to Interactive Brokers, while the Classic account starts from 1.2 pips and the fixed-spread account uses a 1.5-pip spread. This means HYCM can be a good fit for traders who want straightforward pricing, but its cheapest option is only slightly less competitive than Interactive Brokers. HYCM is rated 4.5 stars and ranked #18 out of 36 brokers for Commissions and Fees.
| Feature |
Interactive Brokers
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $0 | $20 |
| Average spread (EUR/USD) - Standard account | 0.226 | 1.3 |
| All-in Cost EUR/USD - Active | 0.226 | 0.6 |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Interactive Brokers offers a wider range of investments than HYCM (Henyep Capital Markets), making it the stronger choice for traders who want more market access and product variety. Interactive Brokers lists about 8,500 tradeable symbols and 90 forex pairs, compared with HYCM’s 1,199 symbols and 70 forex pairs. Both brokers let clients trade forex, buy exchange-traded stocks on U.S. and international exchanges, and do not offer copy trading.
There are also key differences in crypto access. Interactive Brokers allows clients to buy actual cryptocurrency, while HYCM does not; HYCM, however, offers cryptocurrency CFDs, which Interactive Brokers does not. Overall, Interactive Brokers is rated 5 out of 5 stars for Range of Investments and ranks #1 out of 36 brokers, while HYCM is rated 4 out of 5 stars and ranks #27, reflecting Interactive Brokers’ broader investment selection.
| Feature |
Interactive Brokers
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 8500 | 1199 |
| Forex Pairs (Total) | 90 | 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) | No | 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.
Interactive Brokers and HYCM (Henyep Capital Markets) both give traders a wide range of platform choices, including a free demo account for practice, a desktop app for Windows, a web platform, and their own in-house trading platforms. Both also let users trade directly from charts, which can make placing orders faster and easier. Neither broker offers copy trading, so traders looking for that feature will need to look elsewhere.
The biggest difference comes down to trading software and overall platform strength. HYCM supports both MetaTrader 4 and MetaTrader 5, which may appeal to traders who want the familiar MT4/MT5 setup, while Interactive Brokers does not offer either one. Still, Interactive Brokers scores higher overall for trading platforms and tools, earning 5 stars versus HYCM’s 4 stars, and ranking #2 out of 36 brokers compared with HYCM’s #32 ranking on ForexBrokers.com.
| Feature |
Interactive Brokers
|
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) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 155 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Interactive Brokers and HYCM both offer iPhone and Android apps, plus price alerts and trendline drawing tools, so either broker gives traders the basics needed to follow the market on the go. Where Interactive Brokers stands out is in charting depth, with 155 technical studies in its mobile app compared with HYCM’s 30. It also lets users sync watchlists between the mobile app and online account, which makes it easier to keep everything updated across devices.
HYCM has one useful edge: its mobile app automatically saves chart drawings, while Interactive Brokers does not. Even so, Interactive Brokers has the stronger overall mobile experience, earning 5 stars for Mobile Trading Apps and a #4 ranking out of 36 brokers from ForexBrokers.com, versus HYCM’s 4 stars and #30 ranking. For traders who want more chart tools and better account syncing, Interactive Brokers is the better pick; for those who value automatic saving of drawings, HYCM may be appealing.
| Feature |
Interactive Brokers
|
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 | 155 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | Yes |
Dive deeper: Best Forex Trading Apps.
Interactive Brokers and HYCM both give traders useful market research, including daily market commentary, forex news from major outlets like Bloomberg, Reuters, and Dow Jones, plus an economic calendar for tracking global events. Both brokers also offer Trading Central tools, which can help traders spot potential setups and better understand price moves. Neither broker includes Autochartist in its research offering.
Where Interactive Brokers stands out is in the depth of its research suite. It adds sentiment tools that show long-versus-short positioning, as well as extra third-party research from TipRanks and Acuity Trading, which HYCM does not provide. This wider range of tools helps explain why Interactive Brokers earns a 5-star research rating and ranks #3 out of 36 brokers, while HYCM is rated 3.5 stars and ranks #29 out of 36 for research.
| Feature |
Interactive Brokers
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central | Yes | 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 education, Interactive Brokers stands out over HYCM (Henyep Capital Markets). Interactive Brokers offers forex and CFDs learning content, at least one educational client webinar each month, 10+ beginner videos, and 10+ advanced videos, making it a strong choice for traders who want to keep learning as they gain experience. It is rated 5 stars for Education and ranks #1 out of 36 brokers in the ForexBrokers.com Education category.
HYCM also provides at least 10 beginner trading videos, but it falls behind Interactive Brokers in key areas that matter to new traders looking for steady support. Based on the information provided, HYCM does not offer monthly educational webinars and does not have 10+ advanced educational videos, even though it does offer forex or CFDs education. Its Education rating is 3.5 stars, and it ranks #27 out of 36 brokers, which suggests a more limited learning experience overall.
| Feature |
Interactive Brokers
|
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 Interactive Brokers is better than HYCM (Henyep Capital Markets). Interactive Brokers finished with an overall rank of #2, while HYCM (Henyep Capital Markets) finished with an overall rank of #26.
Interactive Brokers is a highly trusted multi-asset broker with an extensive offering of tradeable global markets. It delivers competitive fees and high-quality research and education, as well as a modern, institutional-grade trading platform suite.
| Feature |
Interactive Brokers
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 99 | 85 |
| Range of Investments |
|
|
| Trading Fees |
|
|
| Trading Platforms |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Interactive Brokers vs HYCM: Interactive Brokers lets you buy actual delivered cryptocurrency but does not offer crypto CFDs, while HYCM does not provide real crypto purchases but does offer cryptocurrency CFDs.
In a head-to-head comparison of funding methods, Interactive Brokers offers ACH/SEPA and bank wires but not PayPal or Skrill, while HYCM (Henyep Capital Markets) lacks ACH/SEPA and PayPal yet supports Skrill and bank wires; Visa/Mastercard availability for both is not specified.
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 | Interactive Brokers | 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 | Interactive Brokers Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | Interactive Brokers | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
|
| Regulation | Interactive Brokers | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trust Score | 99 | 85 | |
| Year Founded | 1977 | 1977 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | 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 | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Interactive Brokers | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | Yes | 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) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Interactive Brokers | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | Yes | |
| India (SEBI Authorised) | Yes | No | |
| Jordan (JSC Authorised) |
| Investments | Interactive Brokers | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 8500 | 1199 | |
| Forex Pairs (Total) | 90 | 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) | No | 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 | Interactive Brokers | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 0.226 | 1.3 | |
| All-in Cost EUR/USD - Active | 0.226 | 0.6 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | No | Yes |
| Funding | Interactive Brokers | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | $0 | $20 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | Interactive Brokers | 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) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | Interactive Brokers | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 155 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Interactive Brokers | 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 | 155 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Interactive Brokers | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central | Yes | Yes | |
| TipRanks | Yes | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Interactive Brokers | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | Interactive Brokers | 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 | Interactive Brokers Review | HYCM (Henyep Capital Markets) Review |
| Overall | Interactive Brokers | 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 | Interactive Brokers Review | HYCM (Henyep Capital Markets) Review |
IG
FOREX.com
CMC Markets
XTB
eToro
AvaTrade
Pepperstone
FP Markets
Tickmill