Written by ForexBrokers.com
In this head to head comparison of HYCM (Henyep Capital Markets) vs LegacyFX, 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 LegacyFX are both online brokers offering trading services, yet their regulatory standings differ significantly. Founded in 1977, HYCM holds two Tier-1 licenses, which enhances its credibility among traders, and has a Trust Score of 86, categorizing it as a trusted broker according to ForexBrokers.com. In contrast, LegacyFX, which began operating in 2012, holds one Tier-1 license with no Tier-2 licenses, resulting in a Trust Score of 67. This positions LegacyFX as a broker with a higher risk profile compared to HYCM.
Neither HYCM nor LegacyFX is publicly traded or operates as a bank. Both brokers serve traders worldwide, but HYCM's longer history and higher regulatory trust levels may appeal more to those prioritizing security and trustworthiness in their trading experience. Choosing between the two, traders should weigh the importance of regulatory oversight and trust ratings in making informed investment decisions.
| Feature |
HYCM (Henyep Capital Markets)
|
LegacyFX
|
|---|---|---|
| Year Founded | 1977 | 2012 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
Comparing commissions and fees, HYCM (Henyep Capital Markets) earns 4.5 out of 5 stars and ranks #16 of 63 brokers for this category at ForexBrokers.com, while LegacyFX scores 3.5 out of 5 stars and ranks #58 of 63. HYCM’s pricing is clearer and generally sharper for EUR/USD, whereas LegacyFX’s pricing varies by entity and account tier and lacks published average spreads, making true costs harder to judge.
HYCM offers three pricing setups: the Raw account with an all-in cost around 0.6 pips on EUR/USD (after commission), a Classic account with variable spreads starting from 1.2 pips, and a fixed-spread account at 1.5 pips. For most cost-focused traders, the Raw account is likely the most attractive due to its lower all-in cost.
LegacyFX’s fees depend on whether you open an account with its EU entity (CySEC) or its international entity (Vanuatu). In the EU, Silver, Gold, and Platinum accounts require minimum deposits of $500, $5,000, and $25,000, with the Silver tier showing the highest trading costs and a minimum spread as high as 1.6 pips on EUR/USD. Internationally, seven account tiers range from Standard ($500) to VIP ($50,000), with features and tool access improving at higher tiers. Because LegacyFX does not publish average spreads, it’s difficult to estimate typical trading costs compared to HYCM.
| Feature |
HYCM (Henyep Capital Markets)
|
LegacyFX
|
|---|---|---|
| Minimum Deposit | $20 | $500 |
| Average spread (EUR/USD) - Standard account | 1.2 | N/A |
| All-in Cost EUR/USD - Active | 0.6 | N/A |
| 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) vs LegacyFX for range of investments: both let you trade forex as CFDs or spot. HYCM lists 1,199 tradeable symbols and 70 forex pairs, while LegacyFX offers 425 symbols and 44 pairs. HYCM also lets clients buy exchange-traded securities on U.S. and international exchanges (not CFDs), such as Apple on NASDAQ or Vodafone in London; LegacyFX does not offer direct share dealing. Both brokers provide cryptocurrency via CFDs, not actual coins.
For extras, LegacyFX supports copy trading, while HYCM does not. In ForexBrokers.com’s Range of Investments ratings, HYCM scores 4 stars and ranks 34th out of 63 brokers; LegacyFX scores 3.5 stars and ranks 49th. In short, HYCM suits traders seeking a wider selection and the option to buy real stocks, while LegacyFX fits users who want copy trading within a smaller lineup.
| Feature |
HYCM (Henyep Capital Markets)
|
LegacyFX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 425 |
| Forex Pairs (Total) | 70 | 44 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | No | Yes |
| 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). | 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 LegacyFX both offer free demo accounts along with web and Windows desktop platforms. HYCM adds a proprietary platform, while LegacyFX does not. Both support MetaTrader 5 (MT5), but only HYCM offers MetaTrader 4 (MT4). Each broker lets you place trades directly from charts. For social features, LegacyFX includes copy trading, whereas HYCM does not.
Indicator counts and watchlist field details aren’t specified for either broker. Based on ForexBrokers.com, HYCM earns 4 stars and ranks #41 out of 63 for Trading Platforms and Tools, while LegacyFX scores 3.5 stars and ranks #61. If you want MT4 or an in-house platform option, HYCM stands out. If copy trading matters more, LegacyFX may fit better.
| Feature |
HYCM (Henyep Capital Markets)
|
LegacyFX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
HYCM (Henyep Capital Markets) and LegacyFX both offer mobile trading apps for iPhone and Android. Each app supports price alerts, 30 built‑in technical studies for charting, drawing trendlines, and auto‑saving your chart drawings. One key limitation for both: watchlists don’t sync between the mobile app and your online account, so changes made in one place won’t carry over to the other.
In head‑to‑head ratings, HYCM (Henyep Capital Markets) earns 4 stars and ranks 38th out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, while LegacyFX scores 3.5 stars and ranks 62nd. If overall app quality and industry ranking are important to you, HYCM has the edge. If you only need core charting and alerts on iPhone or Android, both apps can get the job done—but neither supports watchlist syncing.
| Feature |
HYCM (Henyep Capital Markets)
|
LegacyFX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
HYCM (Henyep Capital Markets) vs LegacyFX: both brokers deliver helpful daily market commentary, an economic calendar, and forex news from major sources like Bloomberg, Reuters, or Dow Jones. The biggest difference is in their research tools. HYCM integrates Trading Central for technical and fundamental insights but does not include Autochartist, TipRanks, or Acuity Trading. LegacyFX offers Autochartist but does not include Trading Central; availability of TipRanks and Acuity Trading wasn’t specified. Neither broker provides a sentiment tool showing the long/short ratio across instruments.
For overall research quality, both HYCM and LegacyFX earn 3.5 out of 5 stars. However, ForexBrokers.com ranks HYCM higher at #36 out of 63, compared with LegacyFX at #47. If you value Trading Central’s analytics, HYCM may suit you better; if you prefer Autochartist’s pattern recognition, LegacyFX has the edge. For daily commentary, top-tier news, and an economic calendar, both are on even footing.
| Feature |
HYCM (Henyep Capital Markets)
|
LegacyFX
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central | Yes | No |
| Client sentiment data | No | No |
| TipRanks | No | |
| Acuity Trading | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Comparing HYCM (Henyep Capital Markets) and LegacyFX for beginner-friendly forex and CFD education: both brokers offer at least 10 beginner-focused trading videos, making them suitable starting points for new traders. One notable difference is live learning: HYCM does not run monthly client webinars, while LegacyFX does, which can help beginners get timely guidance and Q&A. In terms of quality scores, both earn 3.5 out of 5 stars for Education. Rankings are close, with HYCM at #32 of 63 brokers and LegacyFX at #35 in ForexBrokers.com’s Education category.
If you want a path that includes more advanced material as you progress, LegacyFX offers at least 10 advanced trading videos, while HYCM does not meet that threshold. So, choose LegacyFX if you value recurring webinars and a deeper advanced video library; pick HYCM if you’re primarily looking for beginner videos and don’t need regular live sessions. Either way, both provide a comparable overall education rating for forex and CFD trading newcomers.
| Feature |
HYCM (Henyep Capital Markets)
|
LegacyFX
|
|---|---|---|
| Webinars | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
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 LegacyFX. HYCM (Henyep Capital Markets) finished with an overall rank of #29, while LegacyFX 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)
|
LegacyFX
|
|---|---|---|
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| Trust Score | 86 | 67 |
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Online brokers HYCM (Henyep Capital Markets) and LegacyFX do not allow buying actual delivered cryptocurrencies, but both offer cryptocurrency CFDs for speculating on crypto prices without owning the underlying asset.
Comparing HYCM (Henyep Capital Markets) vs LegacyFX for funding and withdrawals: neither supports ACH/SEPA or PayPal, both support Skrill and bank wire transfers, and Visa/Mastercard availability is not specified for either broker.
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) | LegacyFX | |
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| Trust Score | 86 | 67 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | LegacyFX Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | LegacyFX | |
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| Regulation | HYCM (Henyep Capital Markets) | LegacyFX | |
|---|---|---|---|
| Trust Score | 86 | 67 | |
| Year Founded | 1977 | 2012 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | HYCM (Henyep Capital Markets) | LegacyFX | |
|---|---|---|---|
| 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) | |||
| 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 | Yes |
| Tier-2 Licenses (Trusted) | HYCM (Henyep Capital Markets) | LegacyFX | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | HYCM (Henyep Capital Markets) | LegacyFX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1199 | 425 | |
| Forex Pairs (Total) | 70 | 44 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | No | Yes | |
| 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). | 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) | LegacyFX | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | 0.6 | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | HYCM (Henyep Capital Markets) | LegacyFX | |
|---|---|---|---|
| Minimum Deposit | $20 | $500 | |
| 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) | LegacyFX | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | HYCM (Henyep Capital Markets) | LegacyFX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | HYCM (Henyep Capital Markets) | LegacyFX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | HYCM (Henyep Capital Markets) | LegacyFX | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central | Yes | No | |
| TipRanks | No | ||
| Client sentiment data | No | No | |
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | LegacyFX | |
|---|---|---|---|
| Webinars | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | LegacyFX | |
|---|---|---|---|
| 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 | LegacyFX Review |
| Overall | HYCM (Henyep Capital Markets) | LegacyFX | |
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| Trust Score | 86 | 67 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | LegacyFX Review |
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