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HYCM (Henyep) vs MultiBank 2023

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Written by ForexBrokers.com

December 27, 2022

Is HYCM (Henyep) better than MultiBank? In our analysis of 23 international regulators across 62 of the best forex brokers, HYCM is considered average-risk, with an overall Trust Score of 86 out of 99. MultiBank Group is considered trusted, with an overall Trust Score of 82 out of 99. Learn more about Trust Score.

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Compare

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Overall Rating HYCM (Henyep) MultiBank
Overall Rating info 4/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Offering of Investments 3.5/5 Stars 4/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3.5/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Trust Score info 86 82
Winner check_circle
Review HYCM (Henyep) Review MultiBank Review
Broker Screenshots HYCM (Henyep) MultiBank
Trading Platforms Gallery (click to expand) info
Research Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation HYCM (Henyep) MultiBank
Trust Score info 86 82
Year Founded info 1977 2005
Publicly Traded (Listed) info No No
Bank info No No
European Union Authorised (MiFID) info Yes info No
Tier-1 Licenses info 2 2
Tier-2 Licenses info 2 1
Tier-3 Licenses info 1 3
Tier-1 Licenses (High Trust) HYCM (Henyep) MultiBank
Australia (ASIC Authorised) info No Yes
Canada (SRO Authorised) info No No
Hong Kong (SFC Authorised) info Yes No
CBI Authorised (Ireland) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No Yes
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Tier-2 Licenses (Average Trust) HYCM (Henyep) MultiBank
China (CBRC Authorised) info No No
Cyprus (CySEC Authorised) info Yes No
India (SEBI Authorised) info No No
Israel (ISA Authorised) info No No
Russia (CBR Authorised) info No No
South Africa (FSCA Authorised) info No No
Thailand (SEC Authorised) info No No
UAE (DFSA/Central Bank Authorised) info Yes Yes
Tier-3 Licenses (Low Trust) HYCM (Henyep) MultiBank
Bahamas (SCB Authorised) info No No
Belize (FSC Authorised) info No No
Cayman Islands (CIMA Authorised) info Yes Yes
Bermuda (BMA Authorised) info No No
British Virgin Islands (FSC Authorised) info No Yes
Mauritius (FSC Authorised) info No No
Vanuatu (VFSC Authorised) info No Yes
Investments HYCM (Henyep) MultiBank
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 362 1042
Forex Pairs (Total) info 70 41
U.S. Stock Trading (Non CFD) info No No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info No Yes
Cryptocurrency (Physical) info No Yes
Cryptocurrency (CFD) 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) MultiBank
Average Spread EUR/USD - Standard info 0.6 info N/A
All-in Cost EUR/USD - Active info 0.6 info N/A
Active Trader or VIP Discounts info Yes No
Execution: Agency Broker info Yes No
Execution: Market Maker info Yes Yes
Funding HYCM (Henyep) MultiBank
Minimum Deposit info $100 $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
Trading Platforms HYCM (Henyep) MultiBank
Proprietary Platform info Yes No
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 Yes
DupliTrade info No No
ZuluTrade info No No
Trading Tools HYCM (Henyep) 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) 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
Forex Calendar info Yes Yes
Research HYCM (Henyep) 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
Social Sentiment - Currency Pairs info No No
Economic Calendar info Yes Yes
Education HYCM (Henyep) MultiBank
Education (Forex or CFDs) info No No
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info No No
Investor Dictionary (Glossary) info Yes No
Major Forex Pairs HYCM (Henyep) 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) Review MultiBank Review
Overall HYCM (Henyep) MultiBank
Overall Rating info 4/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Offering of Investments 3.5/5 Stars 4/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3.5/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Trust Score info 86 82
Winner check_circle
Review HYCM (Henyep) Review MultiBank Review
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HYCM (Henyep) vs MultiBank Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare HYCM (Henyep) vs MultiBank.

Does HYCM (Henyep) or MultiBank offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, HYCM (Henyep) offers better pricing overall for traders.

Is HYCM (Henyep) or MultiBank safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Both HYCM (Henyep) and MultiBank hold 2 global Tier-1 licenses. HYCM (Henyep) holds 2 global Tier-2 licenses, while MultiBank holds 1. In our analysis of 23 international regulators across 50 brokers, HYCM (Henyep) earned a higher Trust Score than MultiBank.

Which trading platform is better: HYCM (Henyep) or MultiBank?

To compare the trading platforms of both HYCM (Henyep) and MultiBank, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, MultiBank offers a better experience. With research, HYCM (Henyep) offers superior market research. Finally, we found HYCM (Henyep) to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both HYCM (Henyep) and MultiBank offer MetaTrader 4 (MT4).Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

HYCM (Henyep) provides traders 70 currency pairs (e.g., EUR/USD) compared to MultiBank's 41 available pairs. Forex pairs aside, MultiBank offers traders access to 1042 CFDs while HYCM (Henyep) has 362 available CFDs, a difference of 680.

Can I trust HYCM (Henyep)?

HYCM is not publicly traded and does operate a bank. HYCM is authorised by two tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). HYCM is authorised by the following tier-1 regulators: Securities Futures Commission (SFC) and Financial Conduct Authority (FCA).

Can I trust MultiBank?

MultiBank Group is not publicly traded, does not operate a bank, and is authorised by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and three tier-3 regulators (low trust). MultiBank Group is authorised by the following tier-1 regulators: the Australian Securities & Investment Commission (ASIC) and the Monetary Authority of Singapore (MAS). Learn more about Trust Score.

Is HYCM (Henyep) good?

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.

Is MultiBank good?

MultiBank Group, in operation since 2005, is home to numerous global brands and regulated in jurisdictions all over the world. A multi-asset broker, MultiBank offers forex and CFDs through the MetaTrader and cTrader platform suites (though not all markets are readily available) as well as underlying crypto assets via its regulated crypto exchange. On the negative side, the broker’s market research offering is unimpressive and educational content is entirely absent; MultiBank’s poor performance in these important categories drags down its Overall rating.

Overall winner: HYCM (Henyep)

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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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