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.
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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)
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|---|---|---|
| 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 |
Interactive Brokers vs. HYCM (Henyep Capital Markets): both deliver competitive forex pricing, but their fee structures differ. Interactive Brokers earns 5/5 stars and ranks #2 of 63 for Commissions and Fees, while HYCM earns 4.5/5 stars and ranks #18 of 63. For EUR/USD, Interactive Brokers’ Q3 2024 data shows an average spread of 0.19 pips, with an effective all-in cost around 0.59 pips after commission. HYCM’s Raw account is comparable at about 0.6 pips all-in for EUR/USD, while its Classic account starts from 1.2 pips (variable), and its Fixed account posts a 1.5-pip spread.
Interactive Brokers charges a commission instead of marking up spreads, aggregating quotes from 17 major interbank dealers. Forex commissions start at 0.00002 (0.2 basis points) of the USD trade value per side with a $2 minimum per order ($4 round turn), and can drop to 0.08 basis points for very active traders. That equates to roughly $16–$40 per million round turn ($8–$20 per side). Example: buying and then selling $100,000 of EUR/USD at Interactive Brokers adds about 0.40 pips in commission on top of the spread. Note that IBKR Lite and IBKR Pro both support forex but are not commission-free. Volume discounts apply (e.g., the minimum falls to $1.50 per order above $1B monthly volume, and $1 at $5B), and large tickets can be handled via RFQ.
In practical terms, EUR/USD all-in costs are nearly neck and neck: Interactive Brokers at about 0.59 pips (Q3 2024) and HYCM Raw at about 0.6 pips. The choice may come down to trade size and style. Interactive Brokers’ $2-per-side minimum makes sub-100k trades proportionally pricier, but it can become cheaper for high-volume traders thanks to tiered discounts. HYCM’s account options are straightforward: Raw for tighter all-in costs, while Classic and Fixed carry wider spreads that may suit those who prefer simple, spread-only pricing.
| Feature |
Interactive Brokers
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HYCM (Henyep Capital Markets)
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|---|---|---|
| Minimum Deposit | $0 | $20 |
| Average spread (EUR/USD) - Standard account | 0.59 | 1.3 |
| All-in Cost EUR/USD - Active | 0.65 | 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 vs HYCM (Henyep Capital Markets): For range of investments, Interactive Brokers earns 5 stars and ranks #1 out of 63 brokers on ForexBrokers.com, while HYCM holds 4 stars and ranks #27. 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 you trade forex as CFDs or spot contracts.
Both Interactive Brokers and HYCM provide access to exchange-traded securities on U.S. and international exchanges. Neither offers copy trading. For crypto, Interactive Brokers supports both actual (delivered) cryptocurrency and crypto CFDs, whereas HYCM offers crypto CFDs but not actual coins. If you want the widest selection across markets and asset types, Interactive Brokers stands out; HYCM suits traders who need a solid lineup with a simpler set of choices.
| Feature |
Interactive Brokers
|
HYCM (Henyep Capital Markets)
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|---|---|---|
| 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) | 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 both check the core boxes for trading platforms and tools: each offers a free paper (simulated) trading account, a proprietary in-house platform, a Windows desktop download, a web-based platform, and the ability to trade directly from charts. Neither broker supports copy trading. The biggest platform difference is MetaTrader: Interactive Brokers does not support MT4 or MT5, while HYCM offers both MT4 and MT5—useful if you prefer MetaTrader’s familiar workflow and add-ons.
For overall platform quality, Interactive Brokers is rated 5 stars and ranks #2 out of 63 brokers for Trading Platforms and Tools, while HYCM is rated 4 stars and ranks #32. The exact counts of technical indicators and watchlist fields aren’t specified for either broker. In short, pick HYCM if you want MT4/MT5, and choose Interactive Brokers if you want a higher-rated, in-house platform experience with strong chart-trading and web/desktop access.
| Feature |
Interactive Brokers
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HYCM (Henyep Capital Markets)
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|---|---|---|
| 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 mobile trading apps for iPhone and Android, and each supports price alerts and drawing trendlines on charts. Where they differ is in everyday usability: Interactive Brokers syncs watchlists across devices and the web platform, while HYCM does not. For charting power, Interactive Brokers includes 97 technical studies compared to HYCM’s 30, which can matter if you rely on indicators for decision-making.
HYCM has one convenience that some traders will appreciate: drawings on charts auto-save, whereas Interactive Brokers does not auto-save them. In independent reviews, Interactive Brokers earns 5 stars for mobile trading and ranks #4 out of 63 brokers at ForexBrokers.com, while HYCM earns 4 stars and ranks #30. Choose Interactive Brokers if you want deeper charting and synced watchlists; pick HYCM if you value simpler charting with drawings that stay put between sessions.
| Feature |
Interactive Brokers
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HYCM (Henyep Capital Markets)
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|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 97 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | Yes |
Dive deeper: Best Forex Trading Apps.
Interactive Brokers and HYCM both deliver daily market commentary, forex news from top-tier sources like Bloomberg and Reuters, and an economic calendar to track key events. Each broker includes Trading Central research, while neither offers Autochartist. Where they differ is depth: Interactive Brokers adds a sentiment trading tool, TipRanks insights, and research from Acuity Trading (Signal Centre), features HYCM does not provide.
These extras help explain the scores: Interactive Brokers earns 5 stars for Research and ranks #3 out of 63 brokers at ForexBrokers.com. HYCM receives 3.5 stars and ranks #29. Choose Interactive Brokers if you want the widest mix of third‑party research and sentiment data; pick HYCM if you prefer the essentials without the added layers.
| Feature |
Interactive Brokers
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HYCM (Henyep Capital Markets)
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|---|---|---|
| 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.
For beginners comparing education between Interactive Brokers and HYCM, Interactive Brokers clearly stands out. It hosts ongoing client webinars at least once a month, offers at least 10 beginner videos, and also provides 10+ advanced videos for experienced traders. That depth helps new traders progress beyond the basics. It earns a 5-star Education rating and ranks #1 out of 63 brokers on ForexBrokers.com. HYCM, by contrast, supplies at least 10 beginner-focused videos but does not run monthly educational webinars and does not reach the 10-video mark for advanced topics. It holds a 3.5-star Education rating and ranks #27 out of 63.
If you want a guided path with webinars and advanced lessons in forex and CFD trading, Interactive Brokers is the stronger choice. If you only need introductory videos to get started, HYCM covers the basics but may require supplementing with outside resources as you move into more advanced strategies.
| Feature |
Interactive Brokers
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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
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HYCM (Henyep Capital Markets)
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| Trust Score | 99 | 86 |
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Interactive Brokers lets you buy actual (delivered) cryptocurrency and trade cryptocurrency CFDs, while HYCM (Henyep Capital Markets) does not offer delivered crypto but does provide crypto CFD trading.
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.
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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) | |
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| 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 (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 SCA 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) | 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 account | 0.59 | 1.3 | |
| All-in Cost EUR/USD - Active | 0.65 | 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) | |
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| 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 | 97 | 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) | |
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| 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) | |
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| 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) | |
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| Trust Score | 99 | 86 | |
| Winner | check_circle | ||
| Review | Interactive Brokers Review | HYCM (Henyep Capital Markets) Review |
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