Written by ForexBrokers.com
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.
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.
When comparing the online brokers HYCM (Henyep Capital Markets) and IUX, their regulatory credentials highlight significant differences in trust and experience. Established in 1977, HYCM has amassed a Trust Score of 86 out of 99 according to ForexBrokers.com, categorizing it as a trusted broker. It holds two highly trusted Tier-1 licenses and one trusted Tier-2 license. In contrast, IUX, founded in 2016, has a Trust Score of 78, placing it in the average risk category. IUX maintains one Tier-1 license, which is considered highly trusted, and one Tier-2 license, marked as trusted.
Neither HYCM nor IUX is publicly traded or operates as a bank, representing a similar positioning in terms of company structure. However, HYCM's longstanding presence in the market and higher attainment of Tier-1 licenses imply a stronger foundation in regulatory trust. For potential clients seeking a reliable trading partner, these factors make HYCM appear as a more established and trusted choice compared to the newer entrant, IUX.
| Feature |
HYCM (Henyep Capital Markets)
|
IUX
|
|---|---|---|
| Year Founded | 1977 | 2016 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
HYCM (Henyep Capital Markets) earns 4.5/5 stars and ranks #16 of 63 for commissions and fees, while IUX scores 4/5 stars and ranks #49 of 63. On EUR/USD, both brokers can deliver near 0.6 pips all-in on their commission-based “Raw” style accounts. For spread-only pricing, IUX’s Pro account averages about 0.7 pips, which is leaner than HYCM’s Classic account (variable spreads from 1.2 pips) and HYCM’s fixed-spread option at 1.5 pips.
HYCM’s lineup is straightforward: the Raw account targets low all-in costs (about 0.6 pips on EUR/USD after commission), the Classic account trades off simplicity for wider variable spreads starting at 1.2 pips, and the fixed account offers a steady 1.5 pips. In short, cost-focused traders may prefer HYCM Raw, while those who want predictable pricing may look at the fixed spread.
IUX structures fees by account type and deposit level. Standard and Standard+ need just $10 to start; Standard typically has tighter spreads than Standard+, which allows deposit bonuses but widens spreads. Active traders can choose Pro (spread-only, around 0.7 pips on EUR/USD) or Raw (lowest spreads plus a $6 per-lot commission, working out to roughly 0.6 pips all-in). Overall pricing is competitive for a smaller brand, but HYCM’s higher rating and ranking suggest a stronger showing on costs, with IUX Pro being a close spread-only alternative.
| Feature |
HYCM (Henyep Capital Markets)
|
IUX
|
|---|---|---|
| Minimum Deposit | $20 | 10 |
| Average Spread EUR/USD - Standard | 1.2 | 0.9 |
| All-in Cost EUR/USD - Active | 0.6 | 0.6 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
HYCM (Henyep Capital Markets) vs IUX: For range of investments, HYCM lists 1,199 tradeable symbols compared with IUX’s 152. HYCM also offers 70 forex pairs versus 34 at IUX, and both brokers let you trade forex via CFDs/spot contracts. Each supports cryptocurrency derivatives, but neither lets you buy actual coins, and neither provides copy trading.
When it comes to stocks, HYCM offers exchange-traded (not CFD) shares on both U.S. and international exchanges, while IUX offers exchange-traded shares only on international exchanges—not U.S.-listed names like Apple. Reflecting the broader selection, HYCM is rated 4 stars and ranks 34th out of 63 brokers for Range of Investments on ForexBrokers.com, while IUX is rated 3.5 stars and ranks 61st.
| Feature |
HYCM (Henyep Capital Markets)
|
IUX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 152 |
| Forex Pairs (Total) | 70 | 34 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| Cryptocurrency (Physical) | No | 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). |
Dive deeper: Best Copy Trading Platforms.
HYCM (Henyep Capital Markets) and IUX both provide free demo accounts, proprietary platforms, and access via Windows desktop and web browsers. Neither broker supports copy trading or third‑party services like DupliTrade or ZuluTrade. A key difference is MetaTrader support: HYCM offers both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while IUX supports MT5 but not MT4. Both brokers let you place trades directly from charts, which is handy for timing entries and exits.
For charting, the number of built‑in indicators isn’t specified for either broker, but HYCM lists 15 drawing tools versus IUX’s 89. Watchlists are more detailed at IUX with 46 fields, compared with 7 at HYCM. In independent testing for Trading Platforms and Tools, HYCM earned 4 stars and ranked #41 out of 63 brokers, while IUX scored 3.5 stars and ranked #60. If you want MT4 access and a simpler toolset, HYCM fits well; if you prefer more drawing tools and deeper watchlist customization, IUX has the edge.
| Feature |
HYCM (Henyep Capital Markets)
|
IUX
|
|---|---|---|
| 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) | Yes | No |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 106 |
| Charting - Drawing Tools (Total) | 15 | 89 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 46 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
HYCM (Henyep Capital Markets) and IUX both offer mobile trading apps for iPhone and Android, with multiple time frames, real-time quote watchlists, and auto-saved chart drawings. Neither app syncs watchlists between mobile and the web. Key differences: HYCM supports price alerts and lets you draw trendlines on charts, while IUX does not. On the flip side, IUX delivers more technical studies for charting (106 vs 30 with HYCM), which may appeal to indicator-heavy traders.
In ratings, HYCM scores 4 stars for its mobile trading app compared with IUX at 3.5 stars. According to ForexBrokers.com, HYCM ranks #38 out of 63 brokers for Mobile Trading Apps, while IUX ranks #61. Choose HYCM if alerts and drawing tools matter most; pick IUX if you want a larger set of technical indicators on your phone.
| Feature |
HYCM (Henyep Capital Markets)
|
IUX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 106 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing market research, HYCM (Henyep Capital Markets) clearly offers more than IUX. HYCM provides daily market commentary and streams forex news from major outlets like Bloomberg, Reuters, or Dow Jones, plus access to Trading Central analysis tools. By contrast, IUX does not offer daily commentary, top-tier news feeds, or Trading Central. Both brokers include an economic calendar, but neither integrates Autochartist, sentiment tools, TipRanks, or Acuity Trading features.
These differences show up in the scores: HYCM earns 3.5 out of 5 stars for Research and ranks #36 out of 63 brokers on ForexBrokers.com, while IUX scores 3 out of 5 stars and ranks #60. If market news and built-in analysis tools matter to you, HYCM is the stronger choice; if you only need a basic calendar, IUX may be enough.
| Feature |
HYCM (Henyep Capital Markets)
|
IUX
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners comparing forex and CFD education, HYCM (Henyep Capital Markets) offers a more complete learning experience than IUX. HYCM provides at least 10 educational pieces plus 10+ beginner trading videos, a searchable archive of recorded webinars, and an investor dictionary with 50+ terms. IUX does deliver 10+ beginner videos, but it does not meet the minimum for broader forex/CFD education, lacks a webinar archive, and does not offer a large investor dictionary. Neither broker hosts monthly live educational webinars, and both are missing 10+ advanced videos for experienced traders.
If you want a clearer path to learn the basics with extra reference tools, HYCM is the stronger pick. Its education rating is 3.5 out of 5 stars and it ranks #32 out of 63 brokers for Education at ForexBrokers.com, compared to IUX’s 3 stars and #60 ranking. IUX can still work if you only need basic video tutorials, but HYCM’s broader mix of lessons, recorded webinars, and glossary makes it easier to study at your own pace.
| Feature |
HYCM (Henyep Capital Markets)
|
IUX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
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 #29, while IUX finished with an overall rank of #55.
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). That said, HYCM offers a narrow range of symbols to forex and CFD traders.
| Feature |
HYCM (Henyep Capital Markets)
|
IUX
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 86 | 78 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both HYCM (Henyep Capital Markets) and IUX provide the option to trade cryptocurrency derivatives but do not support the purchase of actual delivered cryptocurrencies.
Both HYCM (Henyep Capital Markets) and IUX do not support ACH or SEPA transfers or PayPal for deposits and withdrawals, but they do accept Skrill, Visa, Mastercard, and bank wires, providing multiple flexible options for managing funds.
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 | HYCM (Henyep Capital Markets) | IUX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 86 | 78 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | IUX Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | IUX | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
| Regulation | HYCM (Henyep Capital Markets) | IUX | |
|---|---|---|---|
| Trust Score | 86 | 78 | |
| Year Founded | 1977 | 2016 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | HYCM (Henyep Capital Markets) | IUX | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | ||
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | HYCM (Henyep Capital Markets) | IUX | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No |
| Investments | HYCM (Henyep Capital Markets) | IUX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1199 | 152 | |
| Forex Pairs (Total) | 70 | 34 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| Cryptocurrency (Physical) | No | 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). |
| Cost | HYCM (Henyep Capital Markets) | IUX | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | 0.9 | |
| All-in Cost EUR/USD - Active | 0.6 | 0.6 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | HYCM (Henyep Capital Markets) | IUX | |
|---|---|---|---|
| Minimum Deposit | $20 | 10 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | HYCM (Henyep Capital Markets) | IUX | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | HYCM (Henyep Capital Markets) | IUX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 46 | |
| Charting - Indicators / Studies (Total) | 30 | 106 | |
| Charting - Drawing Tools (Total) | 15 | 89 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | HYCM (Henyep Capital Markets) | IUX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 106 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | No |
| Research | HYCM (Henyep Capital Markets) | IUX | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | IUX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | IUX | |
|---|---|---|---|
| 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 | HYCM (Henyep Capital Markets) Review | IUX Review |
| Overall | HYCM (Henyep Capital Markets) | IUX | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 86 | 78 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | IUX Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill