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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 account info 1.2 info N/A
All-in Cost EUR/USD - Active info 0.6 info N/A
Non-wire bank transfer info No Yes
PayPal (Deposit/Withdraw) info No
Skrill (Deposit/Withdraw) info Yes
Bank Wire (Deposit/Withdraw) info Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

HYCM (Henyep Capital Markets) vs MultiBank: For range of investments, HYCM lists 1,199 tradable symbols and 70 forex pairs, while MultiBank offers 1,042 symbols and 40 forex pairs. Both brokers support forex trading via CFDs or spot. HYCM also provides access to exchange-traded securities (not CFDs) on both U.S. and international exchanges, a capability MultiBank doesn’t offer.

On digital assets and social tools, both HYCM and MultiBank offer crypto CFDs, but only MultiBank lets you buy real (delivered) cryptocurrency and supports copy trading. For range of investments, each earns 4 out of 5 stars from ForexBrokers.com, with HYCM ranked 34th out of 63 brokers and MultiBank ranked 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. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes No
Copy Trading info No Yes
Cryptocurrency (Underlying) info No Yes
Cryptocurrency (CFDs) 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 check the key boxes for trading platforms and tools. Each broker offers a free demo account for simulated trading, a proprietary platform developed in-house, and access to MetaTrader 4 (MT4) and MetaTrader 5 (MT5). You can trade from charts with both brokers, and both provide Windows desktop downloads as well as web-based platforms. The standout difference: MultiBank supports copy trading, while HYCM does not.

For overall platform and tools quality, both HYCM and MultiBank earn 4 out of 5 stars. In category rankings, MultiBank sits at #40 out of 63 brokers, while HYCM is close behind at #41. If copy trading is important to you, MultiBank has the edge; otherwise, both brokers deliver similar platform coverage with MT4/MT5, web, and desktop options plus a free virtual demo account to practice.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
MultiBank logoMultiBank
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info No Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
Charting - Indicators / Studies (Total) info 30 38
Charting - Trade From Chart info Yes Yes

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

Forex trading apps

HYCM (Henyep Capital Markets) and MultiBank both offer mobile trading apps for iPhone and Android, so you can manage trades on the go. Each app supports stock and forex price alerts to help you react quickly to market moves. One notable limitation is that neither broker syncs watchlists between the mobile app and the online account, so changes you make in one place won’t automatically appear in the other.

For charting, HYCM and MultiBank are evenly matched: both mobile apps include 30 technical studies, let you draw trendlines, and automatically save your chart drawings. In overall quality, each earns 4 out of 5 stars for Mobile Trading Apps. According to ForexBrokers.com’s rankings out of 63 brokers, HYCM places at #38, while MultiBank comes in at #42.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
MultiBank logoMultiBank
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info No No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave 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 (Articles) info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central info Yes No
Client sentiment data info No No
TipRanks info No No
Acuity Trading info No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

For beginner traders comparing education, both HYCM (Henyep Capital Markets) and MultiBank provide a strong starting point with at least 10 beginner-focused videos that explain core trading topics. Neither broker runs monthly educational webinars, and neither offers 10 or more advanced-level videos, so their materials tilt more toward newcomers than seasoned traders.

In terms of recognition, both brokers earn 3.5 out of 5 stars for Education from ForexBrokers.com. However, HYCM ranks higher in the category (#32 of 63) compared to MultiBank (#50 of 63). If you want a higher-ranked education lineup, HYCM may have a slight edge; if your priority is access to beginner videos, both are suitable choices.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
MultiBank logoMultiBank
Webinars info No No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info No 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) supports trading cryptocurrency CFDs but does not offer buying actual (delivered) cryptocurrencies, whereas MultiBank offers both: purchase of actual (delivered) cryptocurrencies and trading cryptocurrency CFDs.

What funding options does each broker offer?

In a deposit and withdrawal methods comparison of online brokers HYCM (Henyep Capital Markets) vs MultiBank, MultiBank supports ACH/SEPA transfers (HYCM does not), while HYCM supports Skrill and bank wire transfers; availability of PayPal and Visa/Mastercard for both brokers—and MultiBank’s support for Skrill or bank wires—was not specified.

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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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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, FSRA, or SCA Authorised) info Yes Yes info
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. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes No
Copy Trading info No Yes
Cryptocurrency (Underlying) info No Yes
Cryptocurrency (CFDs) 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 account info 1.2 info N/A
All-in Cost EUR/USD - Active info 0.6 info N/A
Inactivity Fee info No Yes
Order execution: Agency info Yes No
Order execution: Market Maker info Yes Yes
Funding HYCM (Henyep Capital Markets) MultiBank
Minimum Deposit info $20 $50
PayPal (Deposit/Withdraw) info No
Skrill (Deposit/Withdraw) info Yes
Bank Wire (Deposit/Withdraw) info Yes
Non-wire bank transfer info No Yes
Trading Platforms HYCM (Henyep Capital Markets) MultiBank
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info No Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
cTrader info No No
Trading Tools HYCM (Henyep Capital Markets) MultiBank
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 30 38
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 Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info No No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes
Mobile Research - Economic Calendar info Yes Yes
Research HYCM (Henyep Capital Markets) MultiBank
Daily Market Commentary (Articles) info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central info Yes No
TipRanks info No No
Client sentiment data info No No
Economic Calendar info Yes Yes
Education HYCM (Henyep Capital Markets) MultiBank
Webinars info No No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info No No
Major Forex Pairs HYCM (Henyep Capital Markets) MultiBank
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
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
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