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 |
HYCM (Henyep Capital Markets) offers different account options that cater to varying needs in terms of commissions and fees. The Raw account stands out with its competitive pricing, featuring an all-in cost of approximately 0.6 pips for EUR/USD, which is quite economical. The Classic account, however, comes with a higher variable spread that begins at 1.2 pips, while the fixed-spread account offers a spread of 1.5 pips. These features earn HYCM a high rating of 4.5 out of 5 stars for commissions and fees, placing it at #15 out of 63 brokers according to ForexBrokers.com.
On the other hand, Libertex (Forex Club) lacks publicly available average spread data, making direct comparisons more challenging. Despite this lack of transparency, Libertex receives a 3-star rating for its commissions and fees. The broker ranks significantly lower, sitting at #62 out of 63 brokers in this category as per ForexBrokers.com. This suggests that Libertex may have room for improvement in providing competitive and transparent pricing.
| Feature |
HYCM (Henyep Capital Markets)
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | $20 | $10 |
| Average Spread EUR/USD - Standard | 1.2 | N/A |
| All-in Cost EUR/USD - Active | 0.6 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When considering the variety of investment options, HYCM (Henyep Capital Markets) emerges as a versatile choice for traders, with an impressive offering of 1,199 tradeable symbols compared to Libertex's (Forex Club) 300. HYCM provides access to a broad selection of 70 forex pairs, delivering notable depth in this area over Libertex, which offers 51 forex pairs. Additionally, HYCM grants investors the opportunity to engage with exchange-traded securities on both U.S. and international markets, a feature not available with Libertex. Both platforms allow forex trading through CFDs or spot contracts and offer the ability to trade cryptocurrency derivatives, though neither provides trading in actual cryptocurrencies.
Libertex, however, offers the advantage of copy trading, a feature absent in HYCM. Despite this, HYCM receives a higher rating for its range of investments, scoring 4 out of 5 stars compared to Libertex’s 3.5. This assessment is further mirrored in their respective rankings by ForexBrokers.com, where HYCM stands at #33 out of 63 brokers, whereas Libertex is ranked at #53. Overall, HYCM presents a more extensive array of trading opportunities, particularly for those interested in delving into a wider scope of markets and symbols.
| 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. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| 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). | 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 and Libertex both offer comprehensive trading platforms, featuring a range of tools designed to cater to various trading needs. Both brokers provide free virtual demo accounts, allowing users to practice their strategies without financial risk. They also offer proprietary trading platforms and Windows-based desktop downloads, alongside web-based platforms for more versatile trading experiences. Both HYCM and Libertex support trading directly from stock charts, although when it comes to drawing tools, Libertex offers double the options. In terms of popular trading software, both brokers offer MetaTrader 4, with HYCM additionally supporting MetaTrader 5, which might be appealing for traders wanting more advanced features and improved execution speed.
Despite some differences, HYCM and Libertex are both recognized with a four-star rating for their trading platforms and tools. Interestingly, HYCM is ranked slightly higher than Libertex by ForexBrokers.com, coming in at number 40 out of 63 brokers compared to Libertex's position at number 50. Moreover, while Libertex offers copy trading, expanding options for those looking for social and automated strategies, HYCM does not support this feature. Overall, both platforms present solid options for traders, though certain features and platform specifics might sway a user's choice depending on personal preferences and trading goals.
| Feature |
HYCM (Henyep Capital Markets)
|
Libertex (Forex Club)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 15 |
| Charting - Drawing Tools (Total) | 15 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of HYCM (Henyep Capital Markets) and Libertex (Forex Club), both are available on iPhone and Android, offering essential features like stock and forex price alerts, the ability to draw trendlines on charts, and access to 30 technical studies for charting. They also allow traders to view multiple time frames for stock or forex charts. However, a notable difference is that Libertex provides watchlist symbol syncing between its mobile app and online account, ensuring that any changes are seamlessly updated across platforms. Meanwhile, HYCM excels with its auto-save feature for chart drawings, a convenience not offered by Libertex.
In terms of performance, both apps are rated 4 out of 5 stars for their mobile trading capabilities, which suggests a solid user experience. However, HYCM is ranked higher at #37 out of 63 brokers for its mobile trading apps by ForexBrokers.com, compared to Libertex at #49. Both platforms allow users to create watchlists with real-time quotes, making it easier to stay updated on market movements. While they share many similarities, these distinctions might influence a trader's choice depending on their preference for watchlist syncing or the convenience of auto-saving chart annotations.
| Feature |
HYCM (Henyep Capital Markets)
|
Libertex (Forex Club)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing HYCM (Henyep Capital Markets) to Libertex (Forex Club) in terms of market research offerings, HYCM makes a solid impression with its daily market commentary, a feature not provided by Libertex. Both platforms offer forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones, ensuring traders have access to reliable information. However, HYCM stands out by offering tools from Trading Central, providing valuable technical analytics that are absent from the Libertex arsenal. Neither broker provides sentiment-based trading tools, market research from TipRanks, or research tools from Acuity Trading, which could be an area for potential improvement.
Further enhancing its research capabilities, HYCM includes an economic calendar for global news events, a feature also available with Libertex. Despite this overlap, HYCM is rated slightly higher for research at 3.5 stars compared to Libertex's 3 stars, reflecting differences in available tools and commentary. According to ForexBrokers.com, HYCM ranks #35 out of 63 brokers for research, while Libertex is positioned at #61. This ranking suggests HYCM provides a more comprehensive research experience, catering better to traders seeking in-depth market insights.
| Feature |
HYCM (Henyep Capital Markets)
|
Libertex (Forex Club)
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| 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, both HYCM and Libertex offer essential learning materials for forex and CFDs. HYCM provides over ten educational pieces such as articles, videos, and webinars tailored for beginner traders. Additionally, HYCM offers a searchable archive of recorded webinars and an investor dictionary with more than 50 investing terms, making it easier for newcomers to grasp trading concepts. Although they lack regular live educational webinars and advanced video content for seasoned traders, their education is still rated at 3.5 stars. This places them at the 32nd spot out of 63 brokers in the Education category by ForexBrokers.com.
On the other hand, Libertex, while also delivering educational content, falls short in offering some of the features that HYCM provides. They lack both a searchable webinar archive and an investor dictionary. Moreover, they do not offer as many beginner-focused videos, although they provide advanced educational videos tailored for more experienced traders. Libertex's educational offerings fetch them a 3-star rating, ranking them 57th out of 63 brokers in the Education category according to ForexBrokers.com. Traders new to forex and CFDs might find HYCM’s educational resources more comprehensive, while those seeking advanced trader content might lean towards Libertex.
| Feature |
HYCM (Henyep Capital Markets)
|
Libertex (Forex Club)
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | Yes |
| 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 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)
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Libertex (Forex Club)
|
|---|---|---|
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| Trust Score | 86 | 73 |
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Both HYCM (Henyep Capital Markets) and Libertex (Forex Club) do not offer the ability to buy actual delivered cryptocurrency, but they do provide options to trade cryptocurrency derivatives.
When comparing online brokers, HYCM (Henyep Capital Markets) does not support ACH, SEPA, or PayPal for fund transactions, but allows deposits and withdrawals through Skrill, Visa, Mastercard, and bank wires, whereas Libertex (Forex Club) offers ACH, SEPA, PayPal, Skrill, and bank wires, but lacks support for Visa and Mastercard transactions.
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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| 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) | 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 | Yes |
| Tier-2 Licenses (Trusted) | HYCM (Henyep Capital Markets) | Libertex (Forex Club) | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| 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. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| 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). | 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 | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | 0.6 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| 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 | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | HYCM (Henyep Capital Markets) | Libertex (Forex Club) | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | HYCM (Henyep Capital Markets) | Libertex (Forex Club) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 15 | |
| Charting - Drawing Tools (Total) | 15 | 30 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | HYCM (Henyep Capital Markets) | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| 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) | Libertex (Forex Club) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | Libertex (Forex Club) | |
|---|---|---|---|
| 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) | Libertex (Forex Club) | |
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| Trust Score | 86 | 73 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review |
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