menuclose
Back to Main Menu
ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Learn How We Make Money
Home ‣ Compare ‣ HYCM (Henyep Capital Markets) vs MultiBank 2025

HYCM (Henyep Capital Markets) vs MultiBank 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of HYCM (Henyep Capital Markets) vs MultiBank, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

HYCM (Henyep Capital Markets)
4/5 Stars Overall
  • Minimum Deposit: $20
  • Trust Score: 86
  • Tradeable Symbols (Total): 1199
MultiBank
4/5 Stars Overall
  • Minimum Deposit: $50
  • Trust Score: 84
  • Tradeable Symbols (Total): 1042

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.

Regulation

HYCM (Henyep Capital Markets), established in 1977, and MultiBank, founded in 2005, are both noteworthy players in the online brokerage industry but neither is publicly traded or operates as a bank. When it comes to regulatory licenses, HYCM holds two Tier-1 licenses, which are highly trusted, and one Tier-2 license, indicating a strong footing in regulatory adherence. MultiBank, on the other hand, holds three Tier-1 licenses and one Tier-2 license, showcasing a slight edge in top-tier regulatory recognition.

In terms of trustworthiness as rated by ForexBrokers.com, HYCM boasts a Trust Score of 86, placing it in the trusted category. Similarly, MultiBank holds a Trust Score of 84, also classified as trusted. Both brokers exhibit a solid commitment to meeting high regulatory standards, making them reliable choices for traders looking to navigate the financial markets confidently.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
MultiBank logoMultiBank
Year Founded info 1977 2005
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 2 3
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 3

Fees

Comparing commissions and fees, HYCM (Henyep Capital Markets) earns 4.5/5 stars and ranks 16th out of 63 brokers for this category at ForexBrokers.com, while MultiBank holds 4/5 stars and ranks 39th. HYCM offers clear pricing across three account types, and its Raw account stands out for its low all-in cost. MultiBank also uses tiered pricing (Standard, Pro, ECN), with its most competitive pricing on the ECN account, though it comes with a higher minimum deposit.

HYCM’s Raw account delivers an all-in cost of about 0.6 pips on EUR/USD (after commission). The Classic account features a variable spread starting from 1.2 pips, and the fixed-spread account lists a 1.5-pip spread.

MultiBank’s Standard account has a $50 minimum deposit and higher relative spreads. The Pro account lowers spreads with a $1,000 minimum, while the ECN account offers the lowest spreads and adds a small $3 round-trip commission per trade, but requires a $10,000 minimum deposit. Note that MultiBank charges a $60 monthly inactivity fee after 90 days without trading.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
MultiBank logoMultiBank
Minimum Deposit info $20 $50
Average Spread EUR/USD - Standard info 1.2 info N/A
All-in Cost EUR/USD - Active info 0.6 info N/A
Active Trader or VIP Discounts info Yes No
ACH or SEPA Transfers info No Yes
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

HYCM (Henyep Capital Markets) and MultiBank both support forex trading as CFDs or spot. HYCM lists 1,199 tradeable symbols and 70 forex pairs, while MultiBank offers 1,042 symbols and 40 pairs. That makes HYCM the broader pick if you want more markets and currency choices.

For stocks, HYCM offers exchange traded securities (not CFDs) on both U.S. and international exchanges, so you can buy shares like Apple or Vodafone directly; MultiBank does not offer direct stock dealing. MultiBank supports copy trading, while HYCM does not. In crypto, both provide derivatives, but only MultiBank lets you buy actual cryptocurrency. According to ForexBrokers.com, both brokers earn 4 stars for Range of Investments; HYCM ranks 34th out of 63 brokers, and MultiBank ranks 38th.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
MultiBank logoMultiBank
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1199 1042
Forex Pairs (Total) info 70 40
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info No Yes
Cryptocurrency (Physical) info No Yes
Cryptocurrency (Derivative) info 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).

Dive deeper: Best Copy Trading Platforms.

Trading platforms and tools

HYCM (Henyep Capital Markets) and MultiBank both offer free demo (paper) trading, proprietary platforms, Windows desktop downloads, and web-based platforms. Each supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Copy trading is the key difference: MultiBank offers it, while HYCM does not. Neither broker integrates DupliTrade or ZuluTrade. Both let you place orders directly from charts, which is handy for timing entries and exits.

For charting tools, HYCM lists 15 drawing tools and MultiBank lists 17; indicator counts are not specified. Watchlists are similar, with 7 columns available at both brokers. In independent testing of Trading Platforms and Tools, both earned 4 stars, with HYCM ranked #41 out of 63 brokers and MultiBank at #40. In short, the two are closely matched on platforms, with MultiBank edging ahead if you want copy trading and a couple more drawing tools, while HYCM keeps pace on MT4/MT5, desktop, and web access.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
MultiBank logoMultiBank
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info No Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
DupliTrade info No No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 30 38
Charting - Drawing Tools (Total) info 15 17
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 7 7

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

HYCM (Henyep Capital Markets) and MultiBank both deliver capable mobile trading apps for iPhone and Android. Each app supports price alerts, real-time quotes, and watchlists, plus the same charting toolkit: 30 technical studies, drawing tools like trendlines, and easy switching among intraday, daily, and weekly time frames. Your chart drawings also auto-save, so you can pick up where you left off.

The main limitation is the same for both: watchlists on mobile don’t sync with your online account, so changes made on one device won’t appear on another. In terms of quality signals, both earn 4 out of 5 stars for Mobile Trading Apps. Looking at industry rankings from ForexBrokers.com, HYCM places slightly higher at #38 out of 63 brokers, while MultiBank comes in at #42. If you want comparable features on the go, either app will do the job; if rankings sway you, HYCM holds a small edge.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
MultiBank logoMultiBank
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

For market research, HYCM (Henyep Capital Markets) has an edge over MultiBank in useful extras. HYCM publishes daily market commentary and includes Trading Central analysis tools, while MultiBank does not provide daily commentary and lacks Trading Central. Both brokers deliver forex news from top-tier sources such as Bloomberg, Reuters, or Dow Jones and offer an economic calendar. Neither broker includes Autochartist, a sentiment tool, or TipRanks.

According to ForexBrokers.com, both HYCM and MultiBank earn 3.5 out of 5 stars for Research, but HYCM ranks #36 out of 63 brokers compared with MultiBank at #50. If you want frequent insights and built-in technical research, HYCM is the stronger choice; if you mainly need quality news and a calendar, either broker covers the basics.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
MultiBank logoMultiBank
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central (Recognia) info Yes No
Social Sentiment - Currency Pairs info No No
TipRanks info No No
Signal Centre (Acuity Trading) info No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When it comes to educational resources for beginners, both HYCM and MultiBank provide a solid foundation with over 10 educational pieces, including articles and videos focused on forex and CFDs. However, HYCM sets itself apart with a searchable archive of recorded webinars, a valuable tool for learners who prefer revisiting materials at their convenience. While neither broker offers regular live educational webinars, both make up for it with a collection of beginner-friendly videos. Furthermore, HYCM enhances its educational offering by providing an investor dictionary featuring over 50 investing terms, a resource not available with MultiBank.

Although HYCM and MultiBank both receive a 3.5-star rating for education, HYCM ranks higher at #32 compared to MultiBank's #50 out of 63 brokers on ForexBrokers.com. This suggests that HYCM's educational resources are slightly more comprehensive and structured for those new to the world of trading. So, if you're starting your journey in trading and value a broader range of learning materials, HYCM might offer a slight edge in educational support compared to MultiBank.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
MultiBank logoMultiBank
Education (Forex or CFDs) info Yes Yes
Client Webinars info No No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info No No
Investor Dictionary (Glossary) info Yes No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that HYCM (Henyep Capital Markets) is better than MultiBank. HYCM (Henyep Capital Markets) finished with an overall rank of #29, while MultiBank finished with an overall rank of #40.

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) logoHYCM (Henyep Capital Markets)
MultiBank logoMultiBank
Overall Rating info 4/5 Stars 4/5 Stars
Trust Score info 86 84
Range of Investments 4/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with HYCM (Henyep Capital Markets) or MultiBank?

HYCM (Henyep Capital Markets) does not provide the option to buy actual (delivered) cryptocurrency and only offers cryptocurrency derivatives, whereas MultiBank allows clients to purchase both actual cryptocurrencies and their derivatives.

What funding options does each broker offer?

HYCM (Henyep Capital Markets) and MultiBank both support Visa, Mastercard, Skrill, and bank wire transactions for account funding and withdrawals, but only MultiBank offers ACH and SEPA transfer options, while neither broker supports PayPal.

More Comparisons

HYCM (Henyep Capital Markets) vs BDSwiss HYCM (Henyep Capital Markets) vs Eightcap HYCM (Henyep Capital Markets) vs TMGM HYCM (Henyep Capital Markets) vs Trade Nation HYCM (Henyep Capital Markets) vs eToro HYCM (Henyep Capital Markets) vs Spreadex MultiBank vs FOREX.com MultiBank vs Fineco MultiBank vs XTB MultiBank vs IFC Markets MultiBank vs OANDA MultiBank vs IG

Show all



announcementPlease 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.

Select Brokers

↓×
  • check_box_outline_blankcheck_boxActivTrades
  • check_box_outline_blankcheck_boxACY Securities
  • check_box_outline_blankcheck_boxAdmirals
  • check_box_outline_blankcheck_boxAlpari
  • check_box_outline_blankcheck_boxATFX
  • check_box_outline_blankcheck_boxAvaTrade
  • check_box_outline_blankcheck_boxAxi
  • check_box_outline_blankcheck_boxBDSwiss
  • check_box_outline_blankcheck_boxBlackBull Markets
  • check_box_outline_blankcheck_boxCapital.com
  • check_box_outline_blankcheck_boxCharles Schwab
  • check_box_outline_blankcheck_boxCity Index
  • check_box_outline_blankcheck_boxCMC Markets
  • check_box_outline_blankcheck_boxDooPrime
  • check_box_outline_blankcheck_boxEarn
  • check_box_outline_blankcheck_boxeasyMarkets
  • check_box_outline_blankcheck_boxEightcap
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxExness
  • check_box_outline_blankcheck_boxFineco
  • check_box_outline_blankcheck_boxFOREX.com
  • check_box_outline_blankcheck_boxFP Markets
  • check_box_outline_blankcheck_boxFXCM
  • check_box_outline_blankcheck_boxFXGT.com
  • check_box_outline_blankcheck_boxFXOpen
  • check_box_outline_blankcheck_boxFXPrimus
  • check_box_outline_blankcheck_boxFxPro
  • check_box_outline_blankcheck_boxGBE brokers
  • check_box_outline_blankcheck_boxHFM
  • check_box_outline_blankcheck_boxHYCM (Henyep Capital Markets)
  • check_box_outline_blankcheck_boxIC Markets
  • check_box_outline_blankcheck_boxIFC Markets
  • check_box_outline_blankcheck_boxiFOREX
  • check_box_outline_blankcheck_boxIG
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxIronFX
  • check_box_outline_blankcheck_boxIUX
  • check_box_outline_blankcheck_boxLegacyFX
  • check_box_outline_blankcheck_boxLibertex (Forex Club)
  • check_box_outline_blankcheck_boxMarkets.com
  • check_box_outline_blankcheck_boxMarkets4you
  • check_box_outline_blankcheck_boxMoneta Markets
  • check_box_outline_blankcheck_boxMultiBank
  • check_box_outline_blankcheck_boxOANDA
  • check_box_outline_blankcheck_boxOcta
  • check_box_outline_blankcheck_boxPepperstone
  • check_box_outline_blankcheck_boxPlus500
  • check_box_outline_blankcheck_boxQuestrade
  • check_box_outline_blankcheck_boxRoboForex
  • check_box_outline_blankcheck_boxSaxo
  • check_box_outline_blankcheck_boxSpreadex
  • check_box_outline_blankcheck_boxSwissquote
  • check_box_outline_blankcheck_boxThinkMarkets
  • check_box_outline_blankcheck_boxTickmill
  • check_box_outline_blankcheck_boxTMGM
  • check_box_outline_blankcheck_boxTopFX
  • check_box_outline_blankcheck_boxTrade Nation
  • check_box_outline_blankcheck_boxTrading 212
  • check_box_outline_blankcheck_boxVantage
  • check_box_outline_blankcheck_boxVT Markets
  • check_box_outline_blankcheck_boxXM Group
  • check_box_outline_blankcheck_boxXTB
  • check_box_outline_blankcheck_boxXtrade

Compare

0 of 5
× HYCM (Henyep Capital Markets)
× MultiBank
Sponsored

+ Add Broker

Close Menu ×

navigate_before navigate_next
Overall Rating HYCM (Henyep Capital Markets) MultiBank
Overall Rating info 4/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Range of Investments 4/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 86 84
Winner check_circle
Review HYCM (Henyep Capital Markets) Review MultiBank Review
Broker Screenshots HYCM (Henyep Capital Markets) MultiBank
Broker Gallery (click to expand) info
HYCM MT5 desktop trading platform HYCM client portal Analyst Views market analysis HYCM YouTube channel videos.
MultiBank MetaTrader 4 (MT4) mobile app charts. MultiBank Plus platform login. MultiBank Plus platform news reserach. MultiBank Group educational ebooks web portal powered by MTE Media
Regulation HYCM (Henyep Capital Markets) MultiBank
Trust Score info 86 84
Year Founded info 1977 2005
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info No info Yes
Tier-1 Licenses info 2 3
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 3
Tier-1 Licenses (Highly Trusted) HYCM (Henyep Capital Markets) MultiBank
Australia (ASIC Authorised) info No Yes
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info Yes No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No Yes
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info No info Yes
Tier-2 Licenses (Trusted) HYCM (Henyep Capital Markets) MultiBank
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA/Central Bank Authorised) info Yes Yes
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments HYCM (Henyep Capital Markets) MultiBank
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1199 1042
Forex Pairs (Total) info 70 40
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info No Yes
Cryptocurrency (Physical) info No Yes
Cryptocurrency (Derivative) info 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).
Cost HYCM (Henyep Capital Markets) MultiBank
Average Spread EUR/USD - Standard info 1.2 info N/A
All-in Cost EUR/USD - Active info 0.6 info N/A
Active Trader or VIP Discounts info Yes No
Inactivity Fee info No Yes
Execution: Agency Broker info Yes No
Execution: Market Maker info Yes Yes
Funding HYCM (Henyep Capital Markets) MultiBank
Minimum Deposit info $20 $50
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info No Yes
Trading Platforms HYCM (Henyep Capital Markets) MultiBank
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info No Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools HYCM (Henyep Capital Markets) MultiBank
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 7 7
Charting - Indicators / Studies (Total) info 30 38
Charting - Drawing Tools (Total) info 15 17
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading HYCM (Henyep Capital Markets) MultiBank
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Economic Calendar info Yes Yes
Research HYCM (Henyep Capital Markets) MultiBank
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central (Recognia) info Yes No
TipRanks info No No
Social Sentiment - Currency Pairs info No No
Economic Calendar info Yes Yes
Education HYCM (Henyep Capital Markets) MultiBank
Education (Forex or CFDs) info Yes Yes
Client Webinars info No No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info No No
Investor Dictionary (Glossary) info Yes No
Major Forex Pairs HYCM (Henyep Capital Markets) MultiBank
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review HYCM (Henyep Capital Markets) Review MultiBank Review
Overall HYCM (Henyep Capital Markets) MultiBank
Overall Rating info 4/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Range of Investments 4/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 86 84
Winner check_circle
Review HYCM (Henyep Capital Markets) Review MultiBank Review
arrow_upward

close
navigate_before navigate_next