Written by ForexBrokers.com
In this head to head comparison of HYCM (Henyep Capital Markets) vs Libertex (Forex Club), 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 Libertex (Forex Club) are established online brokers offering investment platforms with varying regulatory backing. Founded in 1977, HYCM is known for its experience in the financial industry and holds a total of two Tier-1 licenses, reflecting a high level of trust, and one Tier-2 license. Although HYCM is not publicly traded or a bank, it earns a Trust Score of 86, placing it in the 'trusted' category according to ForexBrokers.com. This positions HYCM as a reliable choice for investors seeking a trusted broker with a solid regulatory foundation.
In contrast, Libertex, which was founded in 1997, holds one Tier-1 license, indicating a strong regulatory status but not as extensive as HYCM. Libertex holds no Tier-2 licenses. Despite not being publicly traded or a bank, Libertex maintains an average Trust Score of 73. While both brokers are notable in their fields, HYCM's higher Trust Score and additional Tier-1 and Tier-2 licenses provide it with a stronger regulatory stance compared to Libertex, making it a preferable option for those prioritizing trust and regulation.
| Feature |
HYCM (Henyep Capital Markets)
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 1977 | 1997 |
| 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 | 0 |
When comparing commissions and fees, HYCM (Henyep Capital Markets) stands out for clearer, lower pricing, while Libertex (Forex Club) provides less visibility into typical trading costs. HYCM is rated 4.5/5 stars and ranks #16 out of 63 brokers for the Commissions and Fees category at ForexBrokers.com, whereas Libertex earns 3/5 stars and ranks #63 out of 63.
HYCM lists specific spreads across multiple account types. Its Raw account delivers an all-in cost of about 0.6 pips on EUR/USD (after commission). The Classic account has variable spreads starting from 1.2 pips, and the fixed-spread account targets a 1.5-pip spread. These options make it easier to estimate trading costs before you place a trade.
Libertex does not provide average spread data, which makes it hard to gauge typical costs across popular pairs like EUR/USD. With a 3/5 star rating and a #63/63 ranking for commissions and fees, Libertex trails HYCM on pricing transparency and measured cost competitiveness.
| Feature |
HYCM (Henyep Capital Markets)
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | $20 | $10 |
| 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 | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
HYCM (Henyep Capital Markets) vs Libertex (Forex Club): both brokers support forex trading as CFDs or spot, and both offer cryptocurrency CFDs (neither provides delivered crypto). HYCM lists 1,199 tradeable symbols and 70 forex pairs, compared with Libertex’s 300 symbols and 51 forex pairs. HYCM also offers exchange-traded securities on U.S. and international exchanges—so you can buy shares like Apple (NASDAQ: AAPL) and Vodafone (LSE: VOD)—while Libertex does not offer non-CFD share dealing. For social features, Libertex includes copy trading; HYCM does not.
For Range of Investments, HYCM earns 4 stars and ranks #34 out of 63 at ForexBrokers.com, while Libertex scores 3.5 stars and ranks #54. In short, HYCM suits traders seeking a wider selection and access to real stocks, whereas Libertex may appeal if you want copy trading with a more streamlined lineup.
| Feature |
HYCM (Henyep Capital Markets)
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 300 |
| Forex Pairs (Total) | 70 | 51 |
| 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 Libertex (Forex Club) both cover the essentials for trading platforms and tools. Each offers a free demo account for practice, a proprietary platform, a web-based platform you can run in your browser, and a Windows desktop download. Both support MetaTrader 4 (MT4) and let you place trades directly from charts. A key difference is that HYCM also supports MetaTrader 5 (MT5), while Libertex does not.
If you need copy trading, Libertex includes it, whereas HYCM does not. For overall platform quality, both earn 4 out of 5 stars for Trading Platforms and Tools. According to ForexBrokers.com, HYCM ranks #41 out of 63 brokers in this category, while Libertex ranks #51. In short, pick HYCM if MT5 matters to you, and choose Libertex if copy trading is a priority.
| Feature |
HYCM (Henyep Capital Markets)
|
Libertex (Forex Club)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 30 | 15 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
HYCM (Henyep Capital Markets) and Libertex (Forex Club) both offer mobile trading apps for iPhone and Android. Each app supports price alerts, 30 technical studies for charts, and the ability to draw trendlines. Both earn 4 out of 5 stars for mobile trading apps, with HYCM ranked #38 and Libertex ranked #50 out of 63 brokers by ForexBrokers.com.
The key differences are in syncing and charting convenience. HYCM’s app auto-saves your chart drawings, which helps keep your technical work intact between sessions, but it does not sync watchlists with the web platform. Libertex’s app does sync watchlists between mobile and web, making it easier to track the same symbols everywhere, but it does not auto-save chart drawings. Choose HYCM if saving chart annotations matters more; pick Libertex if seamless watchlist syncing is your priority.
| Feature |
HYCM (Henyep Capital Markets)
|
Libertex (Forex Club)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, HYCM (Henyep Capital Markets) edges out Libertex (Forex Club). HYCM earns 3.5/5 stars and ranks #36 out of 63 brokers for Research on ForexBrokers.com, while Libertex scores 3/5 stars and ranks #62. HYCM provides daily market commentary and forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, along with Trading Central tools and an economic calendar. Libertex offers top-tier forex news and an economic calendar but does not provide daily commentary or Trading Central.
Neither broker includes Autochartist or a sentiment tool that shows the long/short ratio. HYCM does not offer TipRanks or Acuity Trading tools; for Libertex, TipRanks and Acuity availability is not specified. If you want frequent insights and analyst-grade add-ons, HYCM is the stronger pick. If you just need news and a calendar, Libertex covers the basics.
| Feature |
HYCM (Henyep Capital Markets)
|
Libertex (Forex Club)
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| 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.
For beginners comparing education at HYCM (Henyep Capital Markets) and Libertex (Forex Club), HYCM is the stronger choice. HYCM offers at least 10 beginner-focused trading videos, while Libertex does not meet that mark. Neither broker runs online educational client webinars each month. Reflecting this, HYCM holds a 3.5/5 education rating and ranks #32 out of 63 at ForexBrokers.com, ahead of Libertex’s 3/5 rating and #58 ranking.
If you’re just starting with forex or CFDs, HYCM’s beginner video library makes it easier to learn the basics. Libertex, on the other hand, caters more to experienced traders with at least 10 advanced videos, so newcomers may need to find foundational lessons elsewhere. In both cases, don’t expect regular monthly webinars.
| Feature |
HYCM (Henyep Capital Markets)
|
Libertex (Forex Club)
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| 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 Libertex (Forex Club). HYCM (Henyep Capital Markets) finished with an overall rank of #29, while Libertex (Forex Club) finished with an overall rank of #61.
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)
|
Libertex (Forex Club)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 73 |
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HYCM (Henyep Capital Markets) vs Libertex (Forex Club): neither broker supports buying actual delivered cryptocurrency, but both allow trading cryptocurrency CFDs.
Compared with HYCM (Henyep Capital Markets), which supports Skrill and bank wire transfers but not ACH/SEPA or PayPal, Libertex (Forex Club) supports Skrill and bank wires and additionally offers ACH/SEPA and PayPal for deposits and withdrawals.
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) | Libertex (Forex Club) | |
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| Trust Score | 86 | 73 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | Libertex (Forex Club) | |
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| Broker Gallery (click to expand) |
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| Regulation | HYCM (Henyep Capital Markets) | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 86 | 73 | |
| Year Founded | 1977 | 1997 | |
| 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 | 0 |
| Tier-1 Licenses (Highly Trusted) | HYCM (Henyep Capital Markets) | Libertex (Forex Club) | |
|---|---|---|---|
| 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) | Libertex (Forex Club) | |
|---|---|---|---|
| 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) | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1199 | 300 | |
| Forex Pairs (Total) | 70 | 51 | |
| 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) | Libertex (Forex Club) | |
|---|---|---|---|
| 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) | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | $20 | $10 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | Yes |
| Trading Platforms | HYCM (Henyep Capital Markets) | Libertex (Forex Club) | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No |
| Trading Tools | HYCM (Henyep Capital Markets) | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | HYCM (Henyep Capital Markets) | Libertex (Forex Club) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | HYCM (Henyep Capital Markets) | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central | Yes | No | |
| TipRanks | No | ||
| Client sentiment data | No | No | |
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | Libertex (Forex Club) | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | Yes |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | Libertex (Forex Club) | |
|---|---|---|---|
| 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 |
| Overall | HYCM (Henyep Capital Markets) | Libertex (Forex Club) | |
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| Trust Score | 86 | 73 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review |
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