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 generally offers lower commissions and fees for forex traders, especially if you trade larger volumes or want agency-style pricing. Its EUR/USD all-in cost was about 0.59 pips in Q3 2024 after commission, and a $100,000 trade works out to roughly 0.40 pips in commission-equivalent costs on top of the spread. IBKR charges a minimum of $2 per side, so very small trades can cost more proportionally, but active traders may qualify for lower rates. Interactive Brokers is rated 5 stars for commissions and fees and is ranked #1 out of 36 brokers by ForexBrokers.com.
HYCM (Henyep Capital Markets) is also fairly competitive, but its pricing depends on the 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 a wider 1.2-pip variable spread and the fixed-spread account is 1.5 pips. HYCM is rated 4.5 stars for commissions and fees and is ranked #18 out of 36 brokers by ForexBrokers.com.
In simple terms, Interactive Brokers is the better pick if your main goal is the lowest possible trading costs and you are comfortable with commission-based pricing. HYCM can still be a good option, especially with its Raw account, but its other pricing choices are not as low. Quick comparison: Interactive Brokers — 5 stars, #1; HYCM — 4.5 stars, #18.
| Feature |
Interactive Brokers
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $0 | $20 |
| Average spread (EUR/USD) - Spread-only account | N/A | 1.3 |
| All-in Cost EUR/USD - Raw spread account | 0.626 | 0.6 |
| Non-wire bank transfer (Deposit/Withdraw) | 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.
When it comes to range of investments, Interactive Brokers offers a wider choice than HYCM (Henyep Capital Markets). Interactive Brokers gives clients access to about 8,500 tradeable symbols and 100 forex pairs, while HYCM offers 1,199 tradeable symbols and 70 forex pairs. Both brokers let you trade forex as either a CFD or spot contract, and both also provide exchange traded securities on U.S. and international exchanges, so investors can buy real shares such as Apple or Vodafone.
The main differences show up in cryptocurrency and overall selection. Interactive Brokers lets clients buy actual cryptocurrency, but does not offer crypto CFDs, while HYCM does the opposite by offering crypto CFDs but not delivered crypto. Based on these choices, Interactive Brokers earns 5 out of 5 stars for range of investments and ranks #1 out of 36 brokers, compared with HYCM’s 4 out of 5 stars and #28 ranking.
| Feature |
Interactive Brokers
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 8500 | 1199 |
| Forex Pairs (Total) | 100 | 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 both give traders a solid set of platform choices, including a free paper trading demo, a proprietary platform, a Windows desktop app, and a web-based platform. Each also lets users place trades directly from a chart, which can make order entry quicker and easier for active traders. Neither broker offers copy trading, so users looking for that kind of social trading feature will need to look elsewhere.
The biggest difference is in third-party platform support: HYCM offers both MetaTrader 4 and MetaTrader 5, while Interactive Brokers does not. Even so, Interactive Brokers comes out ahead overall for trading platforms and tools, earning 5 out of 5 stars and a #2 ranking out of 36 brokers from ForexBrokers.com, compared with HYCM’s 4-star rating and #35 ranking. For traders who want MT4 or MT5, HYCM has the edge; for those who want the stronger overall platform experience, Interactive Brokers is the better choice.
| 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 mobile trading apps for iPhone and Android, and both include price alerts plus the ability to draw trendlines on charts. Where Interactive Brokers stands out is in app features and charting depth. Its mobile app offers watchlist syncing with the online account, so updates carry over between devices, and it includes 155 technical studies for chart analysis. HYCM’s app includes only 30 technical studies and does not sync watchlists with the web platform.
There is also a difference in how the two apps handle chart drawings and overall user ratings. HYCM automatically saves chart drawings in the mobile app, while Interactive Brokers does not. Even so, Interactive Brokers is rated 5 stars for mobile trading apps and ranks #4 out of 36 brokers at ForexBrokers.com, compared with HYCM’s 4-star rating and #33 ranking. For traders who want stronger mobile charting and smoother account syncing, Interactive Brokers has the edge.
| 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 (Henyep Capital Markets) both give traders daily market commentary, news from top-tier sources like Bloomberg and Reuters, Trading Central tools, and an economic calendar with upcoming global events. That means each broker covers the basics well for traders who want news flow, market updates, and a simple way to track major events. Neither broker offers Autochartist, so that specific type of research tool is not available at either firm.
Where Interactive Brokers pulls ahead is in the depth of its market research lineup. It adds sentiment data, TipRanks insights, and Acuity Trading tools such as Signal Centre, giving users more ways to spot ideas and read market direction. This stronger mix helps explain why Interactive Brokers earns a 5-star Research rating and ranks #3 out of 36 brokers at ForexBrokers.com, while HYCM holds a 3.5-star rating and ranks #32, making Interactive Brokers the better choice overall 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 education, Interactive Brokers gives new traders more to work with than HYCM (Henyep Capital Markets). Interactive Brokers offers forex and CFDs learning content, monthly online client webinars, at least 10 beginner videos, and at least 10 advanced videos for more experienced traders. That wider mix helps beginners build skills step by step, and it is reflected in its 5-star Education rating and #1 ranking out of 36 brokers by ForexBrokers.com.
HYCM also provides at least 10 beginner trading videos, so it does have some useful material for first-time traders. However, it does not offer monthly educational webinars, does not meet the minimum standard for forex or CFDs education content in the same way, and does not have at least 10 advanced videos. With a 3.5-star Education rating and a #28 ranking out of 36, HYCM trails Interactive Brokers for overall educational support.
| 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
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HYCM (Henyep Capital Markets)
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| Trust Score | 99 | 85 |
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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.
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0 of 5| Overall Rating | Interactive Brokers | HYCM (Henyep Capital Markets) | |
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| Trust Score | 99 | 85 | |
| 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 | 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) | 100 | 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) - Spread-only account | N/A | 1.3 | |
| All-in Cost EUR/USD - Raw spread account | 0.626 | 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 (Deposit/Withdraw) | 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 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) | |
|---|---|---|---|
| EUR/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 | 85 | |
| Winner | check_circle | ||
| Review | Interactive Brokers Review | HYCM (Henyep Capital Markets) Review |
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