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.
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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)
|
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) 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)
|
IUX
|
|---|---|---|
| Minimum Deposit | $20 | $50 |
| Average spread (EUR/USD) - Spread-only account | 1.3 | 0.86 |
| All-in Cost EUR/USD - Raw spread account | 0.6 | 0.6 |
| Non-wire bank transfer (Deposit/Withdraw) | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
HYCM (Henyep Capital Markets) offers a wider range of investments than IUX, especially for traders who want more choice across markets. Both brokers support forex trading, forex CFDs, and cryptocurrency CFDs, but HYCM lists far more tradeable symbols overall, with 1,199 instruments compared with IUX’s 152. HYCM also provides 70 forex pairs, while IUX offers 34. In addition, HYCM gives clients access to exchange traded securities on both U.S. and international exchanges, while IUX only offers exchange traded securities on international exchanges.
For investors who want a broader selection of assets, HYCM has the edge. Neither broker offers copy trading or the ability to buy actual cryptocurrency, but HYCM is rated 4 out of 5 stars for range of investments and ranks #28 out of 36 brokers at ForexBrokers.com, compared with IUX’s 3.5 stars and #38 ranking. Overall, HYCM is the stronger choice for variety, while IUX may suit traders who only need the basics.
| 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. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | No | No |
| Cryptocurrency (Underlying) | No | 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). |
Dive deeper: Best Copy Trading Platforms.
HYCM (Henyep Capital Markets) and IUX both give traders plenty of ways to get started and test ideas, including free demo accounts, web-based platforms, Windows desktop downloads, and their own in-house trading platforms. Each broker also supports trading directly from charts and offers MetaTrader 5 (MT5), while neither one provides copy trading. In this area, the biggest difference is that HYCM also supports MetaTrader 4 (MT4), which may matter to traders who prefer that familiar platform.
When it comes to trading platforms and tools, HYCM has the edge overall. It is rated 4 out of 5 stars and ranks #35 out of 36 brokers at ForexBrokers.com, while IUX is rated 3.5 out of 5 stars and ranks #38. For most everyday traders, both brokers cover the basics well, but HYCM offers one extra platform choice with MT4 and earns a slightly stronger overall score.
| Feature |
HYCM (Henyep Capital Markets)
|
IUX
|
|---|---|---|
| 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) | Yes | No |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 30 | 106 |
| Charting - Trade From Chart | Yes | Yes |
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, so traders on either platform can manage their accounts on the go. HYCM has an edge for active chart users because its app includes 30 technical studies, lets users draw trendlines, and auto-saves chart drawings. It also offers stock and forex price alerts, which can help traders stay on top of market moves. HYCM’s mobile app is rated 4 stars and is ranked #33 out of 36 brokers for Mobile Trading Apps by ForexBrokers.com.
IUX also supports iPhone and Android trading, but its mobile app is less feature-rich in a few key areas. It offers 106 technical studies and auto-saves drawings, but it does not include price alerts or trendline drawing, and watchlist syncing is not available. IUX’s mobile app is rated 3.5 stars and is ranked #38 out of 36 brokers in the same category, making HYCM the stronger choice overall for traders who want more useful mobile tools.
| Feature |
HYCM (Henyep Capital Markets)
|
IUX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | No |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 106 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
HYCM (Henyep Capital Markets) has a stronger market research offering than IUX. HYCM provides daily market commentary, forex news from major sources such as Bloomberg, Reuters, and Dow Jones, plus Trading Central tools for added technical insight. It also includes an economic calendar to help traders keep track of key global events. IUX also offers an economic calendar, but it does not provide daily commentary, top-tier forex news, or Trading Central research tools. Neither broker includes Autochartist, sentiment tools, TipRanks, or Acuity Trading.
In ForexBrokers.com’s research ratings, HYCM scores 3.5 out of 5 stars and ranks #32 out of 36 brokers, while IUX scores 3 stars and ranks #37. For traders who want more built-in market insight and research coverage, HYCM is the better choice between the two.
| Feature |
HYCM (Henyep Capital Markets)
|
IUX
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central | Yes | No |
| Client sentiment data | No | No |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to beginner learning tools, both HYCM (Henyep Capital Markets) and IUX give new traders a helpful starting point. Each broker offers at least 10 beginner-focused educational videos on trading topics, but neither one runs monthly educational webinars, and neither provides 10 or more advanced videos for experienced traders. Neither broker appears to offer the broader level of forex or CFDs education that would qualify as a large library of at least 10 pieces centered on those subjects.
Overall, HYCM has the edge for education. It is rated 3.5 out of 5 stars and ranks #28 out of 36 brokers for the Education category on ForexBrokers.com, while IUX is rated 3 out of 5 stars and ranks #38. For beginners who want simple video-based learning, both can work, but HYCM offers the slightly better educational experience.
| Feature |
HYCM (Henyep Capital Markets)
|
IUX
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | 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 #26, while IUX finished with an overall rank of #38.
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)
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IUX
|
|---|---|---|
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| Trust Score | 85 | 76 |
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In the HYCM (Henyep Capital Markets) vs IUX comparison, neither broker offers buying actual delivered cryptocurrency, but both provide cryptocurrency CFD trading.
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.
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 | HYCM (Henyep Capital Markets) | IUX | |
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| Trust Score | 85 | 76 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | IUX Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | IUX | |
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| Broker Gallery (click to expand) |
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| Regulation | HYCM (Henyep Capital Markets) | IUX | |
|---|---|---|---|
| Trust Score | 85 | 76 | |
| 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 (FSA 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 CMA 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. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | No | No | |
| Cryptocurrency (Underlying) | No | 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). |
| Cost | HYCM (Henyep Capital Markets) | IUX | |
|---|---|---|---|
| Average spread (EUR/USD) - Spread-only account | 1.3 | 0.86 | |
| All-in Cost EUR/USD - Raw spread account | 0.6 | 0.6 | |
| Inactivity Fee | No | Yes | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | HYCM (Henyep Capital Markets) | IUX | |
|---|---|---|---|
| Minimum Deposit | $20 | $50 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | No | No |
| Trading Platforms | HYCM (Henyep Capital Markets) | IUX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | HYCM (Henyep Capital Markets) | IUX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 106 | |
| 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 Price Alerts | Yes | No | |
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 106 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | HYCM (Henyep Capital Markets) | IUX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central | Yes | No | |
| TipRanks | No | No | |
| Client sentiment data | No | No | |
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | IUX | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | IUX | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| Review | HYCM (Henyep Capital Markets) Review | IUX Review |
| Overall | HYCM (Henyep Capital Markets) | IUX | |
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| Trust Score | 85 | 76 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | IUX Review |
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