Written by ForexBrokers.com
In this head to head comparison of HYCM (Henyep Capital Markets) vs Libertex, 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 Libertex, founded in 1997, are both private online brokers that are not publicly traded and are not banks. On ForexBrokers.com, HYCM has a Trust Score of 85 out of 99, which puts it in the trusted range, while Libertex scores 79, which falls into the average risk range.
From a regulatory view, HYCM holds 2 Tier-1 licenses and 1 Tier-2 license, giving it a stronger license profile than Libertex, which has 1 Tier-1 license and 1 Tier-2 license. Since Tier-1 licenses are considered highly trusted by ForexBrokers.com, HYCM’s wider regulatory coverage may give some traders added peace of mind when comparing the two brokers.
| Feature |
HYCM (Henyep Capital Markets)
|
Libertex
|
|---|---|---|
| Year Founded | 1977 | 1997 |
| 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 | 2 |
In the commissions and fees category, HYCM (Henyep Capital Markets) comes out slightly ahead of Libertex. HYCM earns 4.5 out of 5 stars and ranks #18 out of 36 brokers. Its Raw account is the best value, with an estimated all-in cost of about 0.6 pips on EUR/USD after commission. HYCM’s Classic account is pricier, with variable spreads starting from 1.2 pips, while its fixed-spread account lists a 1.5-pip spread.
Libertex is still a competitive choice on price, but it ranks a bit lower at #21 out of 36 and receives 4 out of 5 stars. Its published average EUR/USD spread was 0.3 pips, which is very tight, though that figure is based on a recent trading day rather than a full monthly average. Forex trading also uses a spread-plus-commission setup: 5 euros per side on the Libertex platform, or 6 euros per side on MT4 and MT5, making the proprietary platform the cheaper option for active traders.
Both brokers offer ways to keep costs down, but their pricing styles differ. HYCM is simpler, with account choices that mainly change the spread level, while Libertex adds commission charges and also offers lower trading fees for higher-balance clients through its deposit-based tiers. For traders focused on straightforward pricing, HYCM has the edge; for those who want very tight headline spreads and can use the lower-cost Libertex platform, Libertex may still be appealing.
| Feature |
HYCM (Henyep Capital Markets)
|
Libertex
|
|---|---|---|
| Minimum Deposit | $20 | $10 |
| Average spread (EUR/USD) - Standard account | 1.3 | 0.3 |
| All-in Cost EUR/USD - Active | 0.6 | 1.3 |
| 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) and Libertex both let clients trade forex as CFDs, and both also offer cryptocurrency CFDs, but neither broker supports buying actual, delivered crypto. When it comes to overall product choice, Libertex lists more tradeable symbols, with 1,573 compared with HYCM’s 1,199. That said, HYCM offers more forex pairs, with 70 available versus 46 at Libertex. Both brokers earn 4 out of 5 stars for range of investments, though Libertex is ranked slightly higher by ForexBrokers.com at #25 out of 36, compared with HYCM at #28.
A key difference is that HYCM gives clients access to exchange-traded shares on both U.S. and international exchanges, so investors can buy real stocks such as Apple or Vodafone. Libertex does not offer exchange-traded securities, which means its selection is more focused on CFDs and other derivative products. On the other hand, Libertex does support copy trading, while HYCM does not, which may appeal to traders who want to follow other investors instead of picking every trade themselves.
| Feature |
HYCM (Henyep Capital Markets)
|
Libertex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 1573 |
| Forex Pairs (Total) | 70 | 46 |
| 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 both give traders a solid range of platform choices, including free demo accounts, web-based trading, Windows desktop downloads, and support for MetaTrader 4 and MetaTrader 5. Both brokers also let you place trades directly from a chart, which can be helpful for active traders who want quick order entry. In ForexBrokers.com’s Trading Platforms and Tools review, both firms earned 4 out of 5 stars, showing they each offer a user-friendly setup for everyday trading needs.
The main difference is in extra tools: HYCM offers its own in-house platform, while Libertex does not, and Libertex includes copy trading, which HYCM does not. That may make Libertex a better fit for traders who want to follow others, while HYCM may appeal to those who prefer a broker-developed platform alongside MetaTrader support. In the same category, Libertex ranked #26 out of 36 brokers, compared with HYCM at #33, giving Libertex a slight edge overall in Trading Platforms and Tools.
| Feature |
HYCM (Henyep Capital Markets)
|
Libertex
|
|---|---|---|
| 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 | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 30 | 43 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
HYCM (Henyep Capital Markets) and Libertex both give traders iPhone and Android apps, plus price alerts for stocks or forex, so either broker covers the basics for trading on the go. Both apps also earn 4 out of 5 stars for mobile trading, showing a similar overall user experience. In the ForexBrokers.com mobile apps ranking, however, Libertex sits a bit higher at #27 out of 36 brokers, while HYCM is ranked #31.
Where HYCM stands out is charting tools. Its mobile app offers 30 technical studies, lets users draw trendlines, and automatically saves those drawings. Libertex, by comparison, does not offer technical studies, trendline drawing, or auto-saved chart drawings in its app. On the other hand, Libertex does support watchlist symbol syncing, so changes made in the app and online account stay aligned, while HYCM does not.
| Feature |
HYCM (Henyep Capital Markets)
|
Libertex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 0 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
HYCM (Henyep Capital Markets) and Libertex both give traders useful market research tools, but Libertex has a slight edge overall. Each broker provides forex news from major sources such as Bloomberg, Reuters, or Dow Jones, along with an economic calendar for tracking upcoming global events. Both also include Trading Central tools, which can help traders spot possible market moves. However, HYCM stands out for offering daily market commentary, while Libertex does not. On the other hand, Libertex offers a sentiment tool that shows the balance of long and short positions, which HYCM does not provide.
In ForexBrokers.com’s research category, Libertex is rated higher at 4 stars and ranked #25 out of 36 brokers, compared with HYCM’s 3.5 stars and #30 ranking. Neither broker offers Autochartist, TipRanks, or Acuity Trading research tools. Overall, Libertex appears to offer a slightly wider set of research features, while HYCM’s daily commentary may appeal to traders who want more direct market updates.
| Feature |
HYCM (Henyep Capital Markets)
|
Libertex
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central | Yes | Yes |
| Client sentiment data | No | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners looking for trading help, HYCM (Henyep Capital Markets) has the edge over Libertex in a few key areas. HYCM offers at least 10 beginner-focused educational videos on trading topics, while Libertex does not meet that mark. Neither broker offers monthly educational client webinars, and neither provides at least 10 advanced videos for more experienced traders. In other words, HYCM gives new traders more starter-level video content, while Libertex appears to offer less beginner video support.
That said, Libertex scores slightly higher for education overall, with 4 out of 5 stars versus HYCM’s 3.5 stars. Still, HYCM ranks better on ForexBrokers.com for the Education category, coming in at #27 out of 36 brokers, compared with Libertex at #33. Based on these results, HYCM may be the better choice for beginners who want more entry-level learning material, while Libertex has a somewhat higher overall education rating but less beginner-friendly video coverage.
| Feature |
HYCM (Henyep Capital Markets)
|
Libertex
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| 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 Libertex. HYCM (Henyep Capital Markets) finished with an overall rank of #26, while Libertex finished with an overall rank of #32.
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)
|
Libertex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 79 |
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Both HYCM (Henyep Capital Markets) and Libertex do not offer the ability to buy actual, delivered cryptocurrency, but each does provide access to cryptocurrency CFDs, allowing traders to speculate on crypto price movements without owning the underlying asset.
When comparing HYCM (Henyep Capital Markets) and Libertex, both support Skrill and bank wire transfers, but Libertex stands out by also offering ACH or SEPA transfers and PayPal, while HYCM does not.
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 | |
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| Trust Score | 85 | 79 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | Libertex Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | Libertex | |
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| Broker Gallery (click to expand) |
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| Regulation | HYCM (Henyep Capital Markets) | Libertex | |
|---|---|---|---|
| Trust Score | 85 | 79 | |
| 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 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | HYCM (Henyep Capital Markets) | Libertex | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (FSA 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 | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| 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) |
| Investments | HYCM (Henyep Capital Markets) | Libertex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1199 | 1573 | |
| Forex Pairs (Total) | 70 | 46 | |
| 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 | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.3 | 0.3 | |
| All-in Cost EUR/USD - Active | 0.6 | 1.3 | |
| Inactivity Fee | No | Yes | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | HYCM (Henyep Capital Markets) | Libertex | |
|---|---|---|---|
| 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 | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | HYCM (Henyep Capital Markets) | Libertex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 43 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | HYCM (Henyep Capital Markets) | Libertex | |
|---|---|---|---|
| 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 | 0 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | HYCM (Henyep Capital Markets) | Libertex | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central | Yes | Yes | |
| TipRanks | No | No | |
| Client sentiment data | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | Libertex | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | Libertex | |
|---|---|---|---|
| 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 | Libertex Review |
| Overall | HYCM (Henyep Capital Markets) | Libertex | |
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| Trust Score | 85 | 79 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | Libertex Review |
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