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) - Standard account | 1.3 | 0.86 |
| All-in Cost EUR/USD - Active | 0.6 | 0.6 |
| Non-wire bank transfer | 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. Both brokers support forex trading as CFDs or spot contracts, and both let traders access cryptocurrency CFDs rather than real crypto. HYCM stands out with 1,199 tradeable symbols and 70 forex pairs, compared with IUX’s 152 symbols and 34 forex pairs. HYCM also gives clients access to exchange-traded securities on both U.S. and international exchanges, while IUX only offers exchange-traded securities on international exchanges.
When it comes to range of investments, HYCM is rated 4 out of 5 stars and ranks #28 out of 36 brokers, while IUX is rated 3.5 out of 5 stars and ranks #36. Neither broker offers copy trading or the ability to buy actual delivered cryptocurrency. For traders who want a broader selection of markets, HYCM is the stronger choice overall.
| 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 several useful platform choices, including free demo accounts for practice, proprietary platforms, Windows desktop downloads, and web-based trading. Each broker also lets users trade directly from charts, and neither offers copy trading. For traders who want familiar third-party software, HYCM has an edge because it supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while IUX supports MetaTrader 5 but not MT4.
In overall trading platforms and tools, HYCM is rated 4 out of 5 stars and ranks #33 out of 36 brokers at ForexBrokers.com, while IUX is rated 3.5 stars and ranks #36. Based on this category alone, HYCM appears to offer a slightly stronger setup, especially for traders who prefer MT4 access, though both brokers cover the basics well for online and desktop trading.
| 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 give traders iPhone and Android apps, so you can trade from either type of phone. HYCM stands out for mobile trading features that are easier to use day to day, including stock and forex price alerts, trendline drawing on charts, and automatic saving of chart drawings. It also has a 4-star Mobile Trading Apps rating and is ranked #31 out of 36 brokers by ForexBrokers.com.
IUX also offers apps for iPhone and Android, but it falls short in a few key areas for mobile trading. It does not offer price alerts or trendline drawing in its app, and it does not sync watchlists with an online account. On the positive side, IUX provides more technical studies for charting, with 106 compared with HYCM’s 30, and it also auto-saves drawings. Still, its 3.5-star rating and #36 ranking suggest HYCM offers a better overall mobile app experience for most traders.
| 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.
When it comes to market research, HYCM (Henyep Capital Markets) has the edge over IUX. HYCM offers daily market commentary, forex news from major sources like Bloomberg and Reuters, and Trading Central tools such as Technical Analytics, which can help traders spot possible trade ideas. HYCM also includes an economic calendar, while IUX only matches it in offering that calendar and does not provide daily commentary, top-tier news feeds, or Trading Central tools. Neither broker offers Autochartist, a sentiment tool, TipRanks, or Acuity Trading research.
That difference is reflected in expert ratings and rankings. HYCM is rated 3.5 out of 5 for research and is ranked #30 out of 36 brokers by ForexBrokers.com, while IUX scores 3 out of 5 and ranks #36. For traders who want more market news and built-in analysis, HYCM offers a clearer research experience overall.
| 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 education, both HYCM (Henyep Capital Markets) and IUX give new traders a helpful starting point, especially with at least 10 beginner-focused trading videos each. That said, neither broker offers monthly educational webinars, and neither one provides enough advanced video content for experienced traders. HYCM also has a slight edge in overall education quality, with a 3.5-star rating compared with IUX’s 3 stars.
For traders looking for more complete learning support, HYCM stands out a bit more in the education category, ranking #27 out of 36 brokers on ForexBrokers.com, while IUX ranks #36. Both brokers can help beginners get familiar with trading basics, but HYCM appears to offer the stronger educational experience overall. Neither broker appears to meet the threshold for forex or CFDs education based on a minimum of 10 dedicated educational pieces focused on those topics.
| 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 #36.
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
|
|---|---|---|
| Overall Rating |
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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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| 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) - Standard account | 1.3 | 0.86 | |
| All-in Cost EUR/USD - Active | 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 | 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 Watchlist [DELETED] | |||
| 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 | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| 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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