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 (Henyep Capital Markets) are online brokers with different trust and regulatory profiles. Plus500, founded in 2008, is publicly traded; HYCM, founded in 1977, is privately held. Neither is a bank. ForexBrokers.com rates trust on a 0–99 scale: 90–99 highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, and under 59 not trusted. Plus500 scores 99 (highly trusted), while HYCM scores 85 (trusted).
In terms of oversight, Plus500 holds 7 Tier-1 licenses (highly trusted regulators) and 4 Tier-2 licenses (trusted regulators). HYCM holds 2 Tier-1 and 1 Tier-2 license. This means Plus500 has broader top-tier regulatory coverage and the highest possible Trust Score, while HYCM remains a trusted option with fewer licenses.
| Feature |
Plus500
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 2008 | 1977 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 4 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When it comes to commissions and fees, Plus500 is priced a bit above the industry average and does not offer discounts for regular retail traders. It does, however, provide cash rebates for clients who qualify as Professional clients. On EUR/USD, Plus500’s average spread was 1.5 pips in April 2024, which is higher than the market average. Plus500 earns a 4.0-star rating for commissions and fees and is ranked #26 out of 36 brokers by ForexBrokers.com.
HYCM (Henyep Capital Markets) offers more flexible pricing choices. Its Raw account stands out with an all-in EUR/USD cost of about 0.6 pips after commission, while the Classic account starts from a 1.2-pip variable spread. HYCM also has a fixed-spread account with a 1.5-pip spread. For commissions and fees, HYCM is rated 4.5 stars and is ranked #18 out of 36 brokers by ForexBrokers.com.
Overall, HYCM has the edge on pricing for active traders thanks to its lower-cost Raw account, while Plus500 is simpler but generally more expensive for spreads and fees. If low trading costs are your main goal, HYCM is the better fit of the two.
| Feature |
Plus500
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | €50 | $20 |
| Average spread (EUR/USD) - Spread-only account | 1.3 | 1.3 |
| All-in Cost EUR/USD - Raw spread account | 1.3 | 0.6 |
| Non-wire bank transfer (Deposit/Withdraw) | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to the range of investments, Plus500 has a wider selection than HYCM (Henyep Capital Markets). Plus500 offers about 5,500 tradeable symbols, compared with HYCM’s 1,199, giving Plus500 a much larger menu of markets to choose from. HYCM does have a slight edge in forex pairs, with 70 available versus 65 at Plus500, and both brokers let you trade forex as a CFD or spot contract. Both also offer exchange-traded securities on U.S. and international exchanges, so you can buy real shares such as Apple or Vodafone.
For crypto, both brokers offer cryptocurrency CFDs, but neither lets you buy actual delivered cryptocurrency. Neither Plus500 nor HYCM offers copy trading. Based on ForexBrokers.com’s ratings, Plus500 scores higher for range of investments at 4.5 out of 5 stars and ranks #16 out of 36 brokers, while HYCM earns 4 out of 5 stars and ranks #28.
| 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. Stocks (Shares) | Yes | Yes |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | No | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
Plus500 and HYCM both give traders a free demo account, a web-based platform, and their own in-house trading platforms, making it easy to practice and trade online without needing to download extra software in the browser. Neither broker offers copy trading, so both are a better fit for traders who want to make their own decisions rather than follow other investors. On trading tools, the two brokers both provide charting features and watch lists, but the exact counts are not listed here.
HYCM stands out for platform choice because it also offers a Windows desktop platform plus support for MetaTrader 4 and MetaTrader 5, while Plus500 does not. HYCM also lets users trade directly from charts, which Plus500 does not. Still, Plus500 earns a slightly higher trading platforms and tools rating at 4.5 stars versus HYCM’s 4 stars, and it ranks higher with ForexBrokers.com at #14 out of 36 brokers compared with HYCM’s #35, suggesting Plus500 may feel simpler and more polished for many everyday traders.
| Feature |
Plus500
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 115 | 30 |
| Charting - Trade From Chart | No | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing Plus500 and HYCM (Henyep Capital Markets) for mobile trading, both brokers offer iPhone and Android apps, plus price alerts and the ability to draw trendlines on charts. That means traders can watch markets and make basic chart checks from either app without much hassle. Plus500 stands out for its bigger charting tool set, with 115 technical studies in its mobile app compared with HYCM’s 30.
There are also a few key differences to keep in mind. Plus500 syncs watchlists between its mobile app and online account, while HYCM does not. On the other hand, HYCM automatically saves chart drawings, but Plus500 does not. In terms of user ratings and ranking, Plus500 comes out ahead with 4.5 out of 5 stars for mobile trading apps and a ForexBrokers.com rank of #14 out of 36 brokers, while HYCM is rated 4 out of 5 stars and ranked #33.
| Feature |
Plus500
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 115 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | Yes |
Dive deeper: Best Forex Trading Apps.
Plus500 and HYCM (Henyep Capital Markets) both give traders daily market commentary, Trading Central tools, and an economic calendar, so each platform covers the basics for staying on top of market events. Neither broker includes Autochartist, TipRanks, or Acuity Trading research, but HYCM has an edge on news coverage because it offers forex news from major sources such as Bloomberg, Reuters, and Dow Jones, while Plus500 does not.
For deeper market insight, Plus500 also stands out with a sentiment tool that shows the share of long and short positions across instruments, which HYCM does not provide. Overall, Plus500 scores higher for research at 4.5 out of 5 stars and ranks #16 out of 36 brokers, compared with HYCM’s 3.5-star rating and #32 ranking. This makes Plus500 the stronger pick for market research, although HYCM may appeal to traders who value premium news coverage.
| Feature |
Plus500
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central | Yes | Yes |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners looking for trading education, Plus500 has a slight edge over HYCM (Henyep Capital Markets). Plus500 offers forex and CFD learning content, including at least 10 beginner videos and 10 advanced videos, plus online educational client webinars held at least once a month. It also earns a 4.5-star Education rating and ranks #27 out of 36 brokers for education on ForexBrokers.com, making it a stronger pick for traders who want more learning support as they get started.
HYCM also provides beginner trading videos and forex/CFD education, but it falls behind Plus500 in a few key areas. It does not offer monthly educational webinars, and it does not have at least 10 advanced videos for more experienced traders. HYCM’s Education rating is 3.5 stars, and it ranks #28 out of 36 brokers, so while it still gives beginners some useful material, Plus500 offers a wider and more active learning experience overall.
| Feature |
Plus500
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
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 #11, while HYCM (Henyep Capital Markets) finished with an overall rank of #26.
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 | 85 |
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Both online brokers Plus500 and HYCM (Henyep Capital Markets) do not allow buying actual (delivered) cryptocurrencies, but they both offer cryptocurrency CFDs for trading.
Comparing payment methods for deposits and withdrawals, Plus500 and HYCM (Henyep Capital Markets) both do not support ACH/SEPA and both support Skrill and bank wire transfers, but only Plus500 supports PayPal, while Visa/Mastercard availability is not specified for either broker.
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 | 85 | |
| 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 | 85 | |
| 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 | 7 | 2 | |
| Tier-2 Licenses | 4 | 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) | Yes | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (FSA 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 CMA Authorised) | Yes | Yes | |
| India (SEBI Authorised) | Yes | 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. Stocks (Shares) | Yes | Yes | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | No | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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) - Spread-only account | 1.3 | 1.3 | |
| All-in Cost EUR/USD - Raw spread account | 1.3 | 0.6 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | Yes | |
| Order 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 | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | No | No |
| Trading Platforms | Plus500 | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | Plus500 | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 115 | 30 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 115 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Plus500 | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central | Yes | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Plus500 | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | Plus500 | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| Review | Plus500 Review | HYCM (Henyep Capital Markets) Review |
| Overall | Plus500 | HYCM (Henyep Capital Markets) | |
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| Trust Score | 99 | 85 | |
| Winner | check_circle | ||
| Review | Plus500 Review | HYCM (Henyep Capital Markets) Review |
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