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HYCM (Henyep Capital Markets) vs IUX 2026

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025
  Fact Checked

In this head to head comparison of HYCM (Henyep Capital Markets) vs IUX, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

HYCM (Henyep Capital Markets)
4/5 Stars Overall
  • Minimum Deposit: $20
  • Trust Score: 85
  • Tradeable Symbols (Total): 1199
IUX
3.5/5 Stars Overall
  • Minimum Deposit: $50 info
  • Trust Score: 76
  • Tradeable Symbols (Total): 152

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.

Regulation

HYCM (Henyep Capital Markets), founded in 1977, and IUX, founded in 2016, are online brokers that are not publicly traded and are not banks. In terms of regulation, HYCM holds two Tier-1 licenses and one Tier-2 license, while IUX holds one Tier-1 and one Tier-2 license—where Tier-1 is considered highly trusted and Tier-2 trusted by ForexBrokers.com.

ForexBrokers.com assigns HYCM a Trust Score of 85/99 (trusted) and IUX a 76/99 (average risk). For context, the scale rates 90–99 as highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, and under 59 not trusted; based on these ratings and license counts, HYCM shows a stronger regulatory profile than IUX.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
IUX logoIUX
Year Founded info 1977 2016
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 2 1
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1

Fees

HYCM (Henyep Capital Markets) and IUX are both rated 4.5 out of 5 stars for commissions and fees, but HYCM edges out IUX slightly in the ForexBrokers.com rankings. HYCM is ranked #18 out of 36 brokers, while IUX is ranked #19 out of 36. For cost-conscious traders, both brokers offer pricing that can work well depending on the account type you choose.

HYCM’s Raw account is its most competitive option, with an estimated all-in cost of about 0.6 pips on EUR/USD after commission. Its Classic account is pricier, with variable spreads starting from 1.2 pips, and its fixed-spread account comes in at 1.5 pips. This makes HYCM a simple choice for traders who want clear pricing options, including a lower-cost active trading account and spread-only alternatives.

IUX also gives traders a mix of spread-only and commission-based accounts. The Standard and Standard+ accounts each require a $10 minimum deposit, while the Raw and Pro accounts are built for more active traders and require a $500 minimum deposit. IUX’s Raw account charges a $6 commission per 100,000 units, while the Pro account is commission-free and offers lower spreads than the Standard accounts. In short, HYCM and IUX are both competitive on fees, but HYCM has a slight lead overall, while IUX may appeal to traders looking for lower entry deposits on its standard accounts.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
IUX logoIUX
Minimum Deposit info $20 $50 info
Average spread (EUR/USD) - Standard account info 1.3 info 0.86 info
All-in Cost EUR/USD - Active info 0.6 info 0.6 info
Non-wire bank transfer info No No
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

HYCM (Henyep Capital Markets) offers a wider range of investments than IUX. Both brokers support forex trading as CFDs or spot contracts, and both let clients trade cryptocurrency CFDs rather than actual coins. But HYCM lists 1,199 tradeable symbols and 70 forex pairs, compared with IUX’s 152 symbols and 34 forex pairs. HYCM also stands out for offering exchange-traded U.S. shares, such as Apple, as well as international shares, while IUX offers international exchange-traded securities but not U.S.-listed shares.

In simple terms, HYCM gives investors more choice across markets, which is reflected in its stronger ratings and rankings for range of investments. HYCM is rated 4 out of 5 stars and ranks #27 out of 36 brokers in this category, while IUX is rated 3.5 stars and ranks #35. Neither broker supports copy trading or buying actual delivered cryptocurrency.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
IUX logoIUX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1199 152
Forex Pairs (Total) info 70 34
U.S. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes Yes
Copy Trading info No No
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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).

Dive deeper: Best Copy Trading Platforms.

Trading platforms and tools

HYCM (Henyep Capital Markets) and IUX both give traders a solid set of platform choices, including free demo accounts, in-house platforms, Windows desktop apps, and web-based trading. Each broker also lets clients place trades directly from charts and offers MetaTrader 5, while neither supports copy trading. This means both are well suited to traders who want flexible ways to access the markets and practice before using real money.

The main difference is that HYCM also offers MetaTrader 4, which IUX does not. That extra platform option may matter to traders who prefer MT4’s familiar layout and tools. In ForexBrokers.com’s Trading Platforms and Tools review, HYCM is rated 4 out of 5 stars and ranks #32 out of 36 brokers, while IUX is rated 3.5 stars and ranks #35, giving HYCM the edge overall in this category.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
IUX logoIUX
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info No No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes Yes
Charting - Indicators / Studies (Total) info 30 106
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

HYCM (Henyep Capital Markets) and IUX both offer mobile trading apps for iPhone and Android, so traders can manage accounts and place trades on the go with either broker. HYCM stands out in a few useful areas: it offers stock and forex price alerts, lets users draw trendlines on charts, and auto-saves chart drawings. IUX also auto-saves drawings, but it does not offer price alerts or trendline drawing in its mobile app. Neither broker provides watchlist symbol syncing between the app and the online account.

When it comes to chart tools, IUX offers more technical studies in its app, with 106 compared with HYCM’s 30. Even so, HYCM earns the higher mobile app score overall, at 4 out of 5 stars versus IUX’s 3.5 stars. In ForexBrokers.com’s mobile trading apps ranking, HYCM places #30 out of 36 brokers, while IUX comes in at #35, giving HYCM the edge for mobile trading support overall.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
IUX logoIUX
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes No
Mobile Watchlists - Syncing info No No
Mobile Charting - Indicators / Studies info 30 106
Mobile Charting - Draw Trendlines info Yes No
Mobile Charting - Trendlines Autosave info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

HYCM (Henyep Capital Markets) has a stronger market research offering than IUX overall. HYCM provides daily market commentary, forex news from top sources like Bloomberg and Reuters, and Trading Central tools for technical analysis. It also includes an economic calendar, helping traders keep track of key global events. IUX offers an economic calendar too, but it does not include daily commentary, top-tier forex news, or Trading Central research tools.

When it comes to research quality, HYCM is rated 3.5 out of 5 stars and ranks #29 out of 36 brokers for the Research category on ForexBrokers.com. IUX is rated 3 stars and ranks #35 out of 36. Neither broker offers Autochartist, sentiment tools, TipRanks, or Acuity Trading research, so HYCM’s main edge comes from its news coverage, commentary, and Trading Central support.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
IUX logoIUX
Daily Market Commentary (Articles) info Yes No
Forex News (Top-Tier Sources) info Yes No
Autochartist info No No
Trading Central info Yes No
Client sentiment data info No No
TipRanks info No No
Acuity Trading info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When it comes to beginner-friendly learning, both HYCM (Henyep Capital Markets) and IUX give new traders a decent starting point, but neither broker stands out for broad forex or CFD education. Each offers at least 10 videos aimed at beginners, yet neither provides monthly educational webinars, and neither appears to offer a large library of forex- or CFD-focused learning materials that would meet the 10-piece benchmark. For traders who want simple introductions to key trading ideas, both brokers can help, but the overall education offering is fairly limited.

HYCM has the edge over IUX for education. It is rated 3.5 out of 5 stars and ranks #27 out of 36 brokers for the Education category on ForexBrokers.com, while IUX is rated 3 out of 5 stars and ranks #35. In plain terms, HYCM gives beginners a slightly better learning experience, mainly thanks to stronger starter content, while IUX offers similar basics but falls a bit further behind overall.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
IUX logoIUX
Webinars info No No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info No No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that HYCM (Henyep Capital Markets) is better than IUX. HYCM (Henyep Capital Markets) finished with an overall rank of #26, while IUX finished with an overall rank of #35.

HYCM is a trusted brand that offers a straightforward MetaTrader platform experience. Its Raw account delivers competitive pricing, and traders gain access to third-party modules from Trading Central as well as exchange-traded securities (available through a separate platform).

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
IUX logoIUX
Overall Rating info 4/5 Stars 3.5/5 Stars
Trust Score info 85 76
Range of Investments 4/5 Stars 3.5/5 Stars
Trading Fees 4.5/5 Stars 4.5/5 Stars
Trading Platforms 4/5 Stars 3.5/5 Stars
Research 3.5/5 Stars 3/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Education 4/5 Stars 3/5 Stars

FAQs

Can you trade cryptocurrency with HYCM (Henyep Capital Markets) or IUX?

In the HYCM (Henyep Capital Markets) vs IUX comparison, neither broker offers buying actual delivered cryptocurrency, but both provide cryptocurrency CFD trading.

What funding options does each broker offer?

HYCM (Henyep Capital Markets) vs IUX: both online brokers do not support ACH/SEPA or PayPal, both offer Skrill and bank wire deposits/withdrawals, and Visa/Mastercard availability is not specified.

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Overall Rating HYCM (Henyep Capital Markets) IUX
Overall Rating info 4/5 Stars 3.5/5 Stars
Trading Fees 4.5/5 Stars 4.5/5 Stars
Range of Investments 4/5 Stars 3.5/5 Stars
Trading Platforms 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Research 3.5/5 Stars 3/5 Stars
Education 4/5 Stars 3/5 Stars
Trust Score info 85 76
Winner check_circle
Review HYCM (Henyep Capital Markets) Review IUX Review
Broker Screenshots HYCM (Henyep Capital Markets) IUX
Broker Gallery (click to expand) info
HYCM MT5 desktop trading platform HYCM client portal Analyst Views market analysis HYCM YouTube channel videos.
Regulation HYCM (Henyep Capital Markets) IUX
Trust Score info 85 76
Year Founded info 1977 2016
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info No info No
Tier-1 Licenses info 2 1
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1
Tier-1 Licenses (Highly Trusted) HYCM (Henyep Capital Markets) IUX
Australia (ASIC Authorised) info No Yes
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info Yes No
Japan (FSA Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info No info No
Tier-2 Licenses (Trusted) HYCM (Henyep Capital Markets) IUX
Kenya (CMA Authorised) info No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No Yes
UAE (DFSA, FSRA, or CMA Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No
Investments HYCM (Henyep Capital Markets) IUX
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1199 152
Forex Pairs (Total) info 70 34
U.S. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes Yes
Copy Trading info No No
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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).
Cost HYCM (Henyep Capital Markets) IUX
Average spread (EUR/USD) - Standard account info 1.3 info 0.86 info
All-in Cost EUR/USD - Active info 0.6 info 0.6 info
Inactivity Fee info No Yes
Order execution: Agency info Yes No
Order execution: Market Maker info Yes Yes
Funding HYCM (Henyep Capital Markets) IUX
Minimum Deposit info $20 $50 info
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info No No
Trading Platforms HYCM (Henyep Capital Markets) IUX
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info No No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes Yes
cTrader info No No
Trading Tools HYCM (Henyep Capital Markets) IUX
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 30 106
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes No
Mobile Trading HYCM (Henyep Capital Markets) IUX
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes No
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info No No
Mobile Charting - Indicators / Studies info 30 106
Mobile Charting - Draw Trendlines info Yes No
Mobile Charting - Trendlines Autosave info Yes Yes
Mobile Research - Economic Calendar info Yes No
Research HYCM (Henyep Capital Markets) IUX
Daily Market Commentary (Articles) info Yes No
Forex News (Top-Tier Sources) info Yes No
Autochartist info No No
Trading Central info Yes No
TipRanks info No No
Client sentiment data info No No
Economic Calendar info Yes Yes
Education HYCM (Henyep Capital Markets) IUX
Webinars info No No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info No No
Major Forex Pairs HYCM (Henyep Capital Markets) IUX
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review HYCM (Henyep Capital Markets) Review IUX Review
Overall HYCM (Henyep Capital Markets) IUX
Overall Rating info 4/5 Stars 3.5/5 Stars
Trading Fees 4.5/5 Stars 4.5/5 Stars
Range of Investments 4/5 Stars 3.5/5 Stars
Trading Platforms 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Research 3.5/5 Stars 3/5 Stars
Education 4/5 Stars 3/5 Stars
Trust Score info 85 76
Winner check_circle
Review HYCM (Henyep Capital Markets) Review IUX Review
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