Written by ForexBrokers.com
In this head to head comparison of Plus500 vs HYCM (Henyep Capital 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.
Plus500 and HYCM are two well-established online brokers, catering to a wide range of trading needs. Plus500, founded in 2008, stands out with a remarkable Trust Score of 99 on ForexBrokers.com, indicating a high level of trust. The company is publicly traded, which further enhances its transparency and credibility. It holds 6 Tier-1 licenses, considered highly trusted, and 3 Tier-2 licenses, marking it as a secure choice for traders. While not a bank, Plus500’s solid regulatory framework reflects its commitment to providing a dependable trading environment.
HYCM (Henyep Capital Markets), established in 1977, boasts a long history in the financial markets. Its Trust Score of 86 suggests a trusted platform, although it does not match the higher trust level of Plus500. HYCM is not publicly traded, which may be a consideration for some traders. The broker holds 2 Tier-1 licenses and 1 Tier-2 license, showcasing a credible but more modest regulatory backing compared to Plus500. As with Plus500, HYCM is not a bank, but its decades-long presence underscores its position as a reliable broker.
| Feature |
Plus500
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 2008 | 1977 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 6 | 2 |
| Tier-2 Licenses | 3 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
Plus500’s commissions and fees are slightly above the industry average. For April 2024, the EUR/USD spread averaged 1.5 pips, which trails the most competitive active-trader pricing offered by brokers like IG or Saxo. Plus500 does not offer retail discounts, though Professional clients may qualify for cash rebates. Rating: 4.0/5 stars; ForexBrokers.com Commissions and Fees ranking: #24 of 63.
HYCM (Henyep Capital Markets) delivers more flexible pricing. Its Raw account posts an all-in cost of about 0.6 pips on EUR/USD after commission, while the Classic account has variable spreads starting from 1.2 pips. HYCM also provides a fixed-spread option at 1.5 pips. Rating: 4.5/5 stars; ForexBrokers.com Commissions and Fees ranking: #16 of 63.
Bottom line: If low spreads are the priority—especially for active trading—HYCM’s Raw account is cheaper than Plus500’s 1.5-pip average on EUR/USD. Traders who prefer simple, spread-only pricing may lean toward Plus500, keeping in mind costs are a bit above average and retail discounts aren’t available (rebates apply only to Professional clients).
| Feature |
Plus500
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | €50 | $20 |
| Average Spread EUR/USD - Standard | 1.3 | 1.2 |
| All-in Cost EUR/USD - Active | 1.3 | 0.6 |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Comparing the range of investments at Plus500 vs HYCM (Henyep Capital Markets): Plus500 lists about 5,500 tradeable symbols, while HYCM offers around 1,199. HYCM edges ahead in forex pairs with 70 vs 65 at Plus500, and both support forex trading (CFD or spot). Each broker also lets you buy exchange-traded securities on U.S. and international exchanges (not just CFDs), covering popular names like Apple and Vodafone.
Neither broker supports copy trading or buying actual, delivered cryptocurrencies, but both offer cryptocurrency derivatives. According to ForexBrokers.com, Plus500 earns 4.5/5 stars and ranks #22 of 63 for Range of Investments, while HYCM scores 4/5 stars and ranks #34. In short, Plus500 wins on overall breadth, whereas HYCM offers a slightly wider selection of forex pairs.
| Feature |
Plus500
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 1199 |
| Forex Pairs (Total) | 65 | 70 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| 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). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account. | 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.
Comparing Plus500 vs HYCM for trading platforms and tools: both brokers provide a free demo (paper) account and their own proprietary platforms, along with web-based browser trading. HYCM also offers a downloadable Windows desktop platform, while Plus500 does not. If you want MetaTrader, HYCM supports both MT4 and MT5; Plus500 supports neither. Neither broker offers copy trading or social trading integrations such as DupliTrade or ZuluTrade.
For charting and usability, Plus500 lists 36 drawing tools versus HYCM’s 15. HYCM lets you place trades directly from charts; Plus500 does not. Watchlists are more flexible on Plus500 (10 columns) than HYCM (7). In ForexBrokers.com’s Trading Platforms and Tools ratings, Plus500 scores 4.5/5 and ranks #14 of 63 brokers, while HYCM scores 4/5 and ranks #41. Choose HYCM if you need MT4/MT5 and a Windows desktop app, or Plus500 if you prefer a streamlined web platform with more drawing tools and watchlist fields.
| Feature |
Plus500
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 115 | 30 |
| Charting - Drawing Tools (Total) | 36 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 10 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both the Plus500 mobile trading app and the HYCM (Henyep Capital Markets) mobile trading app are available for iPhone and Android. Each app supports stock and forex price alerts and lets you build watchlists with real-time quotes. A key difference is syncing: Plus500 syncs watchlists between the mobile app and your online account, while HYCM does not.
For charting, Plus500 includes 115 technical studies compared with HYCM’s 30. Both apps let you draw trendlines and switch among intraday, daily, and weekly time frames; HYCM auto-saves drawings, while Plus500 does not. In independent testing by ForexBrokers.com, Plus500 earned 4.5 stars and ranked #14 of 63 brokers for mobile trading apps, while HYCM received 4 stars and ranked #38.
| Feature |
Plus500
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 115 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Plus500 vs HYCM (Henyep Capital Markets) for market research: both brokers provide daily market commentary, Trading Central tools, and an economic calendar. HYCM offers integrated forex news from top-tier sources such as Bloomberg, Reuters, or Dow Jones, while Plus500 does not include a premium news feed. Neither broker features Autochartist, TipRanks, or Acuity Trading tools.
For added insight, Plus500 includes a sentiment tool showing the ratio of long and short positions across instruments; HYCM does not offer sentiment data. According to ForexBrokers.com, Plus500 is rated 4.0/5 for Research and ranks 19th out of 63 brokers, whereas HYCM is rated 3.5/5 and ranks 36th, giving Plus500 a slight overall edge in market research.
| Feature |
Plus500
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, both Plus500 and HYCM (Henyep Capital Markets) offer a solid foundation, although there are some key differences between the two. Plus500 provides a variety of learning tools including a substantial collection of over 10 educational pieces that cover forex or CFDs, as well as a regular schedule of online webinars for clients at least once a month. These live sessions are also archived for easy access later. Plus500 excels with a comprehensive library of beginner and advanced trading videos, totaling more than 10 for each skill level, making it highly supportive for both novices and experienced traders alike. Even though it doesn’t have an investor dictionary, Plus500's well-rounded approach earns it a 4.0-star rating from ForexBrokers.com, placing it at #31 out of 63 brokers in the Education category.
HYCM, on the other hand, also meets the benchmark by offering more than 10 educational pieces focused on forex or CFDs, along with an archived selection of previous webinars, but it falls short when it comes to providing live monthly webinars. While it delivers over 10 beginner educational videos, it does not extend the same offering to advanced traders, which might limit its appeal to more experienced clients looking for in-depth learning. One area where HYCM shines is its investor dictionary with definitions for over 50 investing terms, providing a handy reference for newcomers. Overall, HYCM secures a 3.5-star education rating from ForexBrokers.com, coming in slightly below Plus500 at #32 out of 63 brokers. Together, these elements offer a clear picture of each broker's offerings, helping potential customers make informed decisions based on their educational needs.
| Feature |
Plus500
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Plus500 is better than HYCM (Henyep Capital Markets). Plus500 finished with an overall rank of #14, while HYCM (Henyep Capital Markets) finished with an overall rank of #29.
Plus500 is a trusted global brand that offers an easy-to-use trading platform for online traders, alongside access to a thorough selection of CFDs. Share trading is available, but only via its Plus500 Invest product offering.
| Feature |
Plus500
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 86 |
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Both Plus500 and HYCM (Henyep Capital Markets) do not offer the ability to buy actual (delivered) cryptocurrency, but they do provide options to trade cryptocurrency derivatives.
Plus500 and HYCM (Henyep Capital Markets) both facilitate fund deposits and withdrawals via Skrill, Visa, Mastercard, and bank wires, but differ in that Plus500 supports PayPal transactions, whereas HYCM does not; neither broker offers ACH or SEPA transfer options.
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 | Plus500 | HYCM (Henyep Capital Markets) | |
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| Trust Score | 99 | 86 | |
| Winner | check_circle | ||
| Review | Plus500 Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | Plus500 | HYCM (Henyep Capital Markets) | |
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| Regulation | Plus500 | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trust Score | 99 | 86 | |
| Year Founded | 2008 | 1977 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 6 | 2 | |
| Tier-2 Licenses | 3 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | Plus500 | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Plus500 | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Plus500 | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 1199 | |
| Forex Pairs (Total) | 65 | 70 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| 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). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account. | 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 | Plus500 | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.3 | 1.2 | |
| All-in Cost EUR/USD - Active | 1.3 | 0.6 | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Plus500 | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | €50 | $20 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Plus500 | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Plus500 | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 10 | 7 | |
| Charting - Indicators / Studies (Total) | 115 | 30 | |
| Charting - Drawing Tools (Total) | 36 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Plus500 | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 115 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Plus500 | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Plus500 | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | Plus500 | HYCM (Henyep Capital 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 | Plus500 Review | HYCM (Henyep Capital Markets) Review |
| Overall | Plus500 | HYCM (Henyep Capital Markets) | |
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| Trust Score | 99 | 86 | |
| Winner | check_circle | ||
| Review | Plus500 Review | HYCM (Henyep Capital Markets) Review |
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