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.
HYCM (Henyep Capital Markets) and IUX are two online brokers that cater to traders globally. Founded in 1977, HYCM has a long-standing history compared to IUX, which was established in 2016. Neither of these brokers is publicly traded or operates as a bank. HYCM earns a Trust Score of 86 from ForexBrokers.com, placing it in the "trusted" category, while IUX has a score of 69, indicating it falls into the "high risk" category. The trust ratings highlight a significant difference in perceived reliability between these two platforms.
Regulatory compliance is a further area of contrast between these brokers. HYCM holds two Tier-1 licenses, seen as highly reliable, and one Tier-2 license, affirming its commitment to meeting stringent regulatory standards. Meanwhile, IUX holds no Tier-1 licenses but does have one Tier-2 license, offering a basic level of regulatory assurance. This difference in regulatory credentials underscores HYCM's stronger reputation for compliance and trust in the financial services sector.
| Feature |
HYCM (Henyep Capital Markets)
|
IUX
|
|---|---|---|
| Year Founded | 1977 | 2016 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 0 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing the commissions and fees of online brokers HYCM and IUX, it's essential to consider the various account types they offer. HYCM’s Raw account is a standout option with an all-inclusive cost of approximately 0.6 pips for the EUR/USD, making it a competitive choice for those concerned about cost. However, the Classic account has variable spreads starting from 1.2 pips, while a fixed-spread account begins at 1.5 pips. HYCM is rated 4.5 stars for commissions and fees and holds a solid position, ranked #15 out of 63 brokers in the Commissions and Fees category as per ForexBrokers.com.
IUX offers several account types catering to different trading levels. Standard accounts require only a $10 minimum deposit, but the Standard+ account includes deposit bonus promotions and wider spreads compared to the Standard account’s lower spreads without promotions. For more active traders, the Raw account requires a $500 minimum deposit, featuring the lowest spreads with a commission of $6 per standard lot, whereas the Pro account is commission-free but involves lower spreads than Standard accounts. IUX's Pro account averages a spread of 0.7 pips on EUR/USD, slightly higher than its Raw account when commission is considered, which approximates at 0.6 pips. IUX is rated 4 stars and ranked #49 in the Commissions and Fees category.
Ultimately, both brokers present attractive pricing structures depending on your trading needs. HYCM, with a higher rating and ranking, may be preferred by traders seeking lower costs in the Raw account. Meanwhile, IUX provides flexibility with its varying accounts and competitive spreads relative to its smaller industry stature. Prospective traders should evaluate their trading volume and budget to find the right fit among these options.
| 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.
When comparing the investment options of HYCM (Henyep Capital Markets) to IUX, there are distinct differences. HYCM offers 1,199 tradeable symbols, including 70 forex pairs, providing a broader array than IUX, which offers 152 symbols and 34 forex pairs. Both platforms enable forex trading through CFDs or spot contracts. HYCM distinguishes itself by allowing clients to purchase actual exchange-traded securities, like Apple shares on U.S. exchanges, whereas IUX does not provide this option. Both platforms, however, offer access to international exchanges.
Cryptocurrency investors will find that HYCM and IUX offer the ability to trade crypto derivatives but not actual cryptocurrencies. Neither broker supports copy trading. HYCM edges out IUX in the ratings department, receiving 4 stars for its range of investments, compared to IUX's 3.5 stars. In the ForexBrokers.com rankings for investment options, HYCM is positioned at #33, while IUX trails at #60 out of 63 brokers.
| 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 comprehensive trading platforms tailored to accommodate various trading preferences. Both platforms feature simulated trading with free virtual demo accounts, allowing newcomers to practice their strategies without real financial risk. Additionally, they offer proprietary platforms, meaning each has developed their own unique software in-house. For those preferring a desktop experience, both HYCM and IUX provide Windows-based downloadable platforms, complemented by web-based platforms for flexibility across devices. However, when it comes to advanced trading options, HYCM offers both MetaTrader 4 and MetaTrader 5, while IUX supports only MetaTrader 5. Neither broker supports copy trading, DupliTrade, or ZuluTrade.
When exploring charting capabilities, IUX stands out with 89 drawing tools compared to HYCM's 15, though both allow direct trading from the charts. IUX also provides a richer watch list experience with 46 fields available, far exceeding HYCM's 7 columns. In terms of expert evaluations, HYCM garners a 4-star rating for its trading platforms and tools, according to ForexBrokers.com, where it's ranked #40 out of 63 brokers. Meanwhile, IUX receives a slightly lower rating of 3.5 stars, finding itself positioned at #59. These evaluations suggest HYCM may offer a marginally more refined experience for traders seeking versatility and comprehensive tools.
| 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.
When comparing the mobile trading apps of HYCM and IUX, both brokers cater to iPhone and Android users. HYCM stands out with its ability to send stock or forex price alerts, a feature IUX lacks. However, neither app supports watchlist symbol syncing across devices. HYCM offers 30 technical studies for charting, while IUX provides a more comprehensive set of 106 studies. A notable edge for HYCM is its capacity for drawing trendlines on charts, a feature IUX does not offer. Both brokers support viewing multiple time frames, and they automatically save chart drawings, ensuring seamless user experiences.
HYCM allows users to create watchlists with real-time quotes, a functionality also available with IUX. In terms of user ratings and rankings, HYCM holds a slight advantage with a 4-star rating against IUX's 3.5 stars. According to ForexBrokers.com, HYCM is ranked 37th out of 63 brokers in the mobile trading apps category, surpassing IUX, which ranks 60th. This reflects HYCM's slightly higher standing in delivering a more feature-rich mobile trading application.
| 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 the market research offerings of HYCM (Henyep Capital Markets) and IUX, there are several notable differences. HYCM stands out by providing daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters, which IUX does not offer. Additionally, HYCM benefits from tools provided by Trading Central, facilitating more in-depth technical analysis for its users. In contrast, IUX lacks such resources, as it does not feature tools from either Autochartist or Trading Central. Both brokers, however, fall short in terms of sentiment-based trading tools and research content offered by TipRanks and Acuity Trading.
Both HYCM and IUX offer economic calendars that display crucial global news events, benefiting traders keeping track of market developments. However, HYCM generally surpasses IUX in market research, reflected in its higher research rating of 3.5 stars compared to IUX's 3 stars. This assessment is further reinforced by ForexBrokers.com rankings, where HYCM is positioned at number 35 out of 63 brokers, while IUX lags behind at rank 59. These distinctions indicate that HYCM provides a more comprehensive market research experience than IUX, making it a more attractive choice for traders seeking richer insights and analysis.
| 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.
When it comes to educational resources for beginners in trading, HYCM stands out compared to IUX. HYCM provides a comprehensive collection of more than ten educational pieces focused on forex and CFDs, which is ideal for those new to these markets. Additionally, beginners can benefit from a searchable archive of past webinars, allowing them to learn at their own pace. The platform also offers a variety of beginner-friendly educational videos. An investor dictionary stocked with definitions of over 50 investing terms further enhances the learning toolkit for novice traders.
On the other hand, IUX falls short by not offering a similar depth of educational materials specifically tailored to forex or CFDs. While it does provide beginner educational videos, equivalent to HYCM, it lacks both a webinar archive and an investor dictionary. In terms of rankings and user ratings, HYCM edges ahead with a 3.5-star rating and a 32nd place ranking by ForexBrokers.com compared to IUX’s 3-star rating and 59th place ranking. This comparison highlights HYCM as the more favorable choice for educational resources designed to support new traders.
| 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 #63.
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 |
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| Trust Score | 86 | 69 |
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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.
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0 of 5| Overall Rating | HYCM (Henyep Capital Markets) | IUX | |
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| Trust Score | 86 | 69 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | IUX | |
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| Regulation | HYCM (Henyep Capital Markets) | IUX | |
|---|---|---|---|
| Trust Score | 86 | 69 | |
| 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 | 0 | |
| 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 | No | |
| 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 | 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 | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | 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 |
| Overall | HYCM (Henyep Capital Markets) | IUX | |
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| Trust Score | 86 | 69 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review |
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