Written by ForexBrokers.com
In this head to head comparison of HYCM (Henyep Capital Markets) vs Moneta Markets, 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.
Comparing the online brokers HYCM (Henyep Capital Markets) and Moneta Markets, it's clear each company brings unique regulatory credentials to the table. Established in 1977, HYCM has cultivated a long-standing presence in the trading industry and holds an impressive ForexBrokers.com Trust Score of 86, categorizing it as trusted. Despite not being publicly traded or a bank, HYCM holds two Tier-1 and one Tier-2 licenses, indicating a strong regulatory standing that reassures potential clients of its credibility.
Moneta Markets, on the other hand, was founded more recently in 2009 and is also not publicly traded or a bank. With a Trust Score of 71, it's considered to be of average risk according to ForexBrokers.com. Although Moneta Markets does not possess any Tier-1 licenses, it maintains a Tier-2 license, signifying a moderate level of trustworthiness. This positions Moneta Markets as a comparatively newer player with a fair regulatory framework in the online trading landscape.
| Feature |
HYCM (Henyep Capital Markets)
|
Moneta Markets
|
|---|---|---|
| Year Founded | 1977 | 2009 |
| 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 (Henyep Capital Markets) offers a variety of accounts with different cost structures. The Raw account stands out for its competitive pricing, featuring an all-in cost of about 0.6 pips for the popular EUR/USD pair, accounting for both spread and commission. In contrast, the Classic account is more costly, with a variable spread starting from 1.2 pips. Additionally, HYCM provides a fixed-spread account option, offering a stable rate of 1.5 pips. HYCM receives a commendable rating of 4.5 stars for its commissions and fees, ranking #15 out of 63 brokers according to ForexBrokers.com.
Moneta Markets also presents a range of account options, each with unique pricing structures. The commission-free Direct STP account has an average spread of 1.38 pips for EUR/USD, but higher spreads compared to Moneta's ECN accounts. The Prime ECN account offers tighter spreads, with an average of 0.194 pips for EUR/USD in August 2023 and a commission of $6 per round-trip standard lot, totaling an all-in cost around 0.79 pips—just below the industry average. The Ultra ECN account provides even tighter spreads and a lower $2 round-trip commission, but requires a $20,000 deposit. Despite its variety, Moneta Markets' pricing does not yet measure up to the top forex brokers. The broker is rated 4.5 stars for its fee structuring and ranks #16 among competitors according to ForexBrokers.com.
In summary, both HYCM and Moneta Markets deliver strong options with a 4.5-star rating for their commissions and fees. HYCM takes a slight edge in ranking at #15 compared to Moneta's #16, offering competitive pricing especially with its Raw account. Meanwhile, Moneta Markets provides flexible account choices with varying costs to suit diverse trading needs, although the requirement for hefty deposits in their Ultra ECN account may limit accessibility for some traders.
| Feature |
HYCM (Henyep Capital Markets)
|
Moneta Markets
|
|---|---|---|
| Minimum Deposit | $20 | $50 |
| Average Spread EUR/USD - Standard | 1.2 | 1.38 |
| All-in Cost EUR/USD - Active | 0.6 | 0.79 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the investment offerings of HYCM (Henyep Capital Markets) and Moneta Markets, several key distinctions emerge. Both online brokers provide opportunities for forex trading, available as CFDs or spot contracts. However, HYCM stands out with a broader array of tradeable symbols, offering 1,199 compared to Moneta Markets' 1,016. Additionally, HYCM provides access to 70 forex pairs, surpassing Moneta’s 45 pairs. A significant advantage for HYCM is its offering of exchange-traded U.S. and international securities, allowing traders to purchase shares from renowned companies like Apple and Vodafone, a service Moneta Markets does not provide. Despite this, both platforms enable trading in cryptocurrency derivatives, though neither offers actual cryptocurrency purchases.
Moneta Markets offers competitive features with the inclusion of copy trading, which is not available through HYCM, allowing traders to mimic the strategies of successful investors. Both HYCM and Moneta Markets receive four-star ratings for their range of investments, reflecting a commendable offering within the industry. Ranked by ForexBrokers.com within the top 35 out of 63 brokers for investment variety, HYCM places at #33, slightly ahead of Moneta Markets at #35. This comparison highlights the subtle differences in services that can cater to varying trader preferences, making both brokers appealing based on individual investment strategies and interests.
| Feature |
HYCM (Henyep Capital Markets)
|
Moneta Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 1016 |
| Forex Pairs (Total) | 70 | 45 |
| 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.
When comparing the trading platforms and tools of HYCM (Henyep Capital Markets) and Moneta Markets, both brokers offer simulated trading with free demo accounts, which is a great feature for beginners to practice without risk. HYCM distinguishes itself by offering a proprietary trading platform developed in-house, whereas Moneta Markets does not, yet both provide access to the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Both brokers also cater to traders who prefer desktop and web-based platforms, providing options for Windows-based software and browser-based trading experiences. However, Moneta Markets stands out with its support for DupliTrade and built-in copy trading, features that HYCM does not offer.
In terms of trading tools, Moneta Markets provides a larger selection of charting drawing tools, offering 78 compared to HYCM's 15, although both enable trading directly from stock charts. When it comes to organizing market information, HYCM offers seven columns for watchlists while Moneta Markets provides four. Both brokers achieve a four-star rating for their trading platforms and tools, yet Moneta Markets edges ahead slightly in rankings, positioned at #33 compared to HYCM's #40 out of 63 brokers reviewed by ForexBrokers.com. With these insights, traders can identify which platform aligns best with their trading preferences and needs.
| Feature |
HYCM (Henyep Capital Markets)
|
Moneta Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | Yes |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 105 |
| Charting - Drawing Tools (Total) | 15 | 78 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 4 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps from HYCM (Henyep Capital Markets) and Moneta Markets, both brokers offer a comprehensive range of features appealing to traders on the go. Each platform is available for iPhone and Android users, providing access to real-time trading alerts and allowing users to draw trendlines and view multiple time frames on their charts. Both apps also offer up to 30 technical studies for in-depth analysis, making them solid choices for those who value technical charting tools. Furthermore, both apps auto-save chart drawings and allow the creation of watchlists with real-time quotes, keeping users connected and informed.
However, a key difference lies in watchlist syncing capabilities. Moneta Markets stands out by offering watchlist symbol syncing, ensuring seamless integration between mobile devices and online accounts. This feature allows users to make changes in one place and see them reflected everywhere. In terms of user satisfaction, each app holds a respectable 4-star rating, underscoring their effectiveness and usability. When ranked among 63 brokers by ForexBrokers.com, Moneta Markets edges ahead, securing the 35th spot, while HYCM sits closely at 37th. Both apps offer a compelling experience for mobile traders, yet Moneta Markets provides an additional advantage for those who value synchronized access across their devices.
| Feature |
HYCM (Henyep Capital Markets)
|
Moneta Markets
|
|---|---|---|
| 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 | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of HYCM (Henyep Capital Markets) and Moneta Markets, both platforms provide valuable resources for traders. Both brokers offer daily market commentary and access to forex news from reputable sources such as Bloomberg and Reuters, enabling traders to stay informed about the latest market developments. Additionally, each broker includes tools from Trading Central, providing traders with essential technical analysis support. However, Moneta Markets distinguishes itself by offering a sentiment-based trading tool, which shows the ratio of long and short positions across various instruments—an advantage HYCM does not provide. Both brokers also feature an economic calendar to track global news events, although neither provides resources from companies like Autochartist or Acuity Trading.
In terms of research ratings, Moneta Markets holds a slight edge, scoring 4 out of 5 stars, while HYCM is rated at 3.5 stars. This slight advantage for Moneta Markets is also reflected in their respective rankings by ForexBrokers.com, where Moneta Markets is ranked 32nd out of 63 brokers, compared to HYCM's 35th position. While both platforms offer solid research support, Moneta Markets provides a slightly more comprehensive suite of tools, making it the preferable choice for traders looking for enhanced market insights.
| Feature |
HYCM (Henyep Capital Markets)
|
Moneta Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available to beginners from HYCM (Henyep Capital Markets) and Moneta Markets, both online brokers offer at least ten educational materials, including articles, videos, and archived webinars, focusing on forex and CFDs. They both provide a searchable archive of past webinars even though they do not host monthly live educational webinars. Moreover, both brokers have extensive investor dictionaries that define over 50 investing terms, making it easier for novices to learn the trading lingo. For beginners, each platform provides at least ten educational videos to cover essential trading topics that are easy to grasp, helping new investors gain a basic understanding of trading concepts.
However, a notable difference is that while HYCM does not provide a suite of advanced educational videos, Moneta Markets excels by offering more than ten videos aimed at experienced traders. This broader range of educational content likely contributes to Moneta Markets receiving a higher education rating of four stars compared to HYCM’s 3.5 stars. Interestingly, despite Moneta Markets' edge in advanced resources, its ranking in the education category by ForexBrokers.com is one spot lower, at 33, compared to HYCM's rank of 32 out of 63 brokers, indicating that HYCM might have other educational strengths that bolster its overall standing.
| Feature |
HYCM (Henyep Capital Markets)
|
Moneta Markets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
| Investor Dictionary (Glossary) | Yes | 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 Moneta Markets. HYCM (Henyep Capital Markets) finished with an overall rank of #29, while Moneta Markets finished with an overall rank of #35.
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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Moneta Markets
|
|---|---|---|
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| Trust Score | 86 | 71 |
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Both HYCM (Henyep Capital Markets) and Moneta Markets do not provide the option to purchase actual delivered cryptocurrencies; however, they both offer the ability to trade cryptocurrency derivatives.
Both HYCM (Henyep Capital Markets) and Moneta Markets provide Visa/Mastercard and bank wire options for depositing and withdrawing funds, but only HYCM supports Skrill, while neither broker offers ACH, SEPA, or PayPal 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) | Moneta Markets | |
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| Trust Score | 86 | 71 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | Moneta Markets Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | Moneta Markets | |
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| Regulation | HYCM (Henyep Capital Markets) | Moneta Markets | |
|---|---|---|---|
| Trust Score | 86 | 71 | |
| Year Founded | 1977 | 2009 | |
| 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) | Moneta Markets | |
|---|---|---|---|
| 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) | Moneta Markets | |
|---|---|---|---|
| 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) | Moneta Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1199 | 1016 | |
| Forex Pairs (Total) | 70 | 45 | |
| 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) | Moneta Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | 1.38 | |
| All-in Cost EUR/USD - Active | 0.6 | 0.79 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | HYCM (Henyep Capital Markets) | Moneta Markets | |
|---|---|---|---|
| Minimum Deposit | $20 | $50 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | HYCM (Henyep Capital Markets) | Moneta Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | Yes | |
| ZuluTrade | No | No |
| Trading Tools | HYCM (Henyep Capital Markets) | Moneta Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 4 | |
| Charting - Indicators / Studies (Total) | 30 | 105 | |
| Charting - Drawing Tools (Total) | 15 | 78 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | HYCM (Henyep Capital Markets) | Moneta Markets | |
|---|---|---|---|
| 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 | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | HYCM (Henyep Capital Markets) | Moneta Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | Moneta Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | Moneta Markets | |
|---|---|---|---|
| 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 | Moneta Markets Review |
| Overall | HYCM (Henyep Capital Markets) | Moneta Markets | |
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| Trust Score | 86 | 71 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | Moneta Markets Review |
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