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 were both founded in 1977, marking decades of service in the financial markets. Interactive Brokers is a publicly traded company, making it accessible on stock exchanges, while HYCM is privately held. Neither of these firms operates as a bank, but they differ in regulatory credentials. Interactive Brokers boasts a prominent regulatory standing with nine Tier-1 licenses and two Tier-2 licenses, leading to an exceptional Trust Score of 99 out of 99 according to ForexBrokers.com. This positions them as a highly trusted broker with a solid track record.
In contrast, HYCM holds two Tier-1 licenses and one Tier-2 license, contributing to a Trust Score of 86 out of 99. This indicates that while they remain a trusted broker, they do not reach the elite trust level held by Interactive Brokers. The difference in trust ratings and licensing between the two brokers provides a clear view of their standing in the marketplace, with Interactive Brokers offering extensive credibility and a wider range of market oversight. Whether you prioritize a broker's trading history, public listing status, or regulatory depth, these factors offer valuable insights for making informed investment decisions.
| Feature |
Interactive Brokers
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 1977 | 1977 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 9 | 2 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When it comes to commissions and fees, Interactive Brokers stands out with highly competitive rates. While specific average spreads for forex aren't publicly detailed, users in Q3 2024 reported an average spread for the EUR/USD at just 0.19 pips. After considering commissions, this amounts to an effective spread of 0.59 pips. Interactive Brokers charges commissions starting at just 0.2 basis points per side of the U.S. dollar trade value, or a minimum of $2 per order. For highly active traders, these commissions can decrease further, leading to even more savings. Despite a minimum trade charge, the company ranks #2 out of 63 brokers in the Commissions and Fees category, earning a perfect 5-star rating for its cost-effective trading conditions.
HYCM (Henyep Capital Markets), on the other hand, offers clear, competitive pricing with their Raw account providing an all-in cost of about 0.6 pips for EUR/USD trades. However, their Classic and fixed-spread accounts start with higher spreads—1.2 pips and 1.5 pips, respectively. Despite being slightly higher in cost compared to Interactive Brokers, HYCM still maintains commendable rates, reflected in their 4.5-star rating. Ranked #15 out of 63 brokers by ForexBrokers.com for Commissions and Fees, HYCM represents a reliable choice for traders seeking transparent rate structures.
In summary, both Interactive Brokers and HYCM present attractive pricing models, though Interactive Brokers may appeal more to the cost-conscious trader with their lower overall costs and incentives for high trading volumes. Conversely, HYCM could be the preferred option for those valuing straightforward, fixed-spread options. Both firms are highly rated, illustrating their commitment to beneficial trading environments.
| Feature |
Interactive Brokers
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $0 | $20 |
| Average Spread EUR/USD - Standard | 0.59 | 1.2 |
| All-in Cost EUR/USD - Active | 0.59 | 0.6 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Interactive Brokers and HYCM (Henyep Capital Markets) both provide forex trading options as CFDs or spot contracts. Interactive Brokers offers an expansive selection with 90 tradeable forex pairs and a total of 8,500 tradeable symbols. In comparison, HYCM provides 70 tradeable forex pairs among their 1,199 tradeable symbols. Both brokers allow clients to buy U.S. exchange-traded securities like Apple shares and international securities like Vodafone shares. However, only Interactive Brokers allows clients to purchase actual cryptocurrencies alongside cryptocurrency derivatives, while HYCM is limited to offering cryptocurrency derivatives.
Interactive Brokers receives top marks for its range of investments, earning a five-star rating and being rated first among 63 brokers in this category on ForexBrokers.com. Conversely, HYCM holds a four-star rating, coming in at 33rd place. Neither platform supports copy trading, but the broader selection of trading instruments gives Interactive Brokers a clear edge. Overall, Interactive Brokers offers a more comprehensive investment range suitable for diverse trading needs.
| 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. 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.
Interactive Brokers and HYCM (Henyep Capital Markets) both provide traders with a range of trading platforms and tools, but there are noteworthy distinctions. Both brokers offer simulated trading with a free virtual demo account, letting users test strategies without financial risk. Each firm also boasts its own proprietary platform and Windows-based desktop software, alongside web-based platforms for convenient browser access. Where they diverge is on offering platforms like MetaTrader 4 and MetaTrader 5, which HYCM supports and Interactive Brokers does not. Neither broker provides copy trading or partnerships with services like DupliTrade and ZuluTrade.
Interactive Brokers sets itself apart with 85 charting drawing tools, in contrast to HYCM's 15, and allows for a broader array of 659 columns for watch lists versus HYCM's 7. Both brokers let trades be executed directly from stock charts. Despite their features, Interactive Brokers is rated higher with a five-star rating for its trading platforms and tools, ranking third out of 63 brokers according to ForexBrokers.com. Meanwhile, HYCM is rated four stars and sits at 40th place in the same category. These differences highlight Interactive Brokers as more tailored for traders seeking advanced tools and a customizable experience.
| Feature |
Interactive Brokers
|
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) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 155 | 30 |
| Charting - Drawing Tools (Total) | 85 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 659 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Interactive Brokers and HYCM offer mobile trading apps available for iPhone and Android users. Traders can receive stock or forex price alerts on both platforms. However, an important distinction is that Interactive Brokers allows watchlist symbol syncing, ensuring your watchlist remains consistent across both the mobile app and your online account, whereas HYCM does not provide this feature.
For charting capabilities, Interactive Brokers offers a whopping 97 technical studies compared to HYCM's 30, giving a more in-depth analysis potential. Both platforms allow traders to draw trendlines and view charts over multiple time frames such as daily or intraday. While HYCM's app automatically saves drawings on charts, Interactive Brokers does not. Both platforms allow the creation of watchlists with real-time quotes. In terms of user ratings, Interactive Brokers scores higher with a 5-star rating and is ranked 4th by ForexBrokers.com for mobile trading apps, compared to HYCM's 4-star rating and 37th ranking.
| Feature |
Interactive Brokers
|
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 | 97 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Interactive Brokers and HYCM both provide daily market commentary and offer forex news from leading sources like Bloomberg and Reuters, ensuring access to timely and accurate information. However, while both brokers utilize tools from Trading Central, such as Technical Analytics, they differ when it comes to providing sentiment-based trading tools. Interactive Brokers enhances the trading experience with a tool that displays the ratio of long and short positions across various instruments, a feature not available with HYCM. Furthermore, Interactive Brokers offers additional insights through resources like TipRanks and Acuity Trading's Signal Centre, which are not available from HYCM.
Both brokers include an economic calendar to track key global news events, catering to traders who seek to stay informed about market-moving announcements. Overall, Interactive Brokers stands out in the realm of market research, achieving a top-notch 5-star rating and an impressive #3 rank out of 63 brokers on ForexBrokers.com. In contrast, HYCM, with a 3.5-star rating and a #35 rank, may not offer the same depth and breadth of research tools, making Interactive Brokers a more comprehensive choice for those emphasizing research resources in their trading activities.
| Feature |
Interactive Brokers
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | 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.
Interactive Brokers and HYCM both provide educational resources for those new to trading, with a diverse selection of materials on forex and CFDs. They each offer at least ten pieces of educational content, including articles and videos. However, Interactive Brokers regularly hosts online webinars, giving clients monthly opportunities to learn directly from experts, while HYCM does not offer this feature. Both brokers have a searchable archive of past webinars, making it easy for users to revisit content.
Interactive Brokers excels with advanced educational videos and comprehensive beginner content, catering to a wide range of trader experience levels. In contrast, HYCM offers a solid foundation for beginners but lacks the depth in advanced video content. Both brokers provide an extensive investor dictionary. In terms of overall educational value, Interactive Brokers is highly rated, securing third place among 63 brokers. HYCM holds a respectable but lower rank in this category, demonstrating a notable difference in the breadth and quality of educational offerings between the two.
| Feature |
Interactive Brokers
|
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 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 #29.
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
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HYCM (Henyep Capital Markets)
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| Trust Score | 99 | 86 |
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Interactive Brokers allows investors to buy both actual (delivered) cryptocurrency and cryptocurrency derivatives, whereas HYCM (Henyep Capital Markets) only provides the option to trade cryptocurrency derivatives without offering actual (delivered) cryptocurrency ownership.
When comparing Interactive Brokers to HYCM, Interactive Brokers offers ACH and SEPA transfers along with bank wires for depositing or withdrawing funds, but lacks support for PayPal, Skrill, Visa, or Mastercard, whereas HYCM supports Skrill, Visa, and Mastercard in addition to bank wires but does not offer ACH or SEPA transfer 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 | Interactive Brokers | HYCM (Henyep Capital Markets) | |
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| Trust Score | 99 | 86 | |
| Winner | check_circle | ||
| Review | Interactive Brokers Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | Interactive Brokers | HYCM (Henyep Capital Markets) | |
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| Regulation | Interactive Brokers | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trust Score | 99 | 86 | |
| 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 | 9 | 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 (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | No | |
| 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) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | Yes | No | |
| Jordan (JSC Authorised) | No | No |
| 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. 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 | Interactive Brokers | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.59 | 1.2 | |
| All-in Cost EUR/USD - Active | 0.59 | 0.6 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| 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 | |
| Visa/Mastercard (Credit/Debit) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Interactive Brokers | 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) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Interactive Brokers | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 659 | 7 | |
| Charting - Indicators / Studies (Total) | 155 | 30 | |
| Charting - Drawing Tools (Total) | 85 | 15 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 97 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Interactive Brokers | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Interactive Brokers | 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 | Interactive Brokers | 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 | Interactive Brokers Review | HYCM (Henyep Capital Markets) Review |
| Overall | Interactive Brokers | HYCM (Henyep Capital Markets) | |
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| Trust Score | 99 | 86 | |
| Winner | check_circle | ||
| Review | Interactive Brokers Review | HYCM (Henyep Capital Markets) Review |
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