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 |
Comparing commissions and fees, HYCM (Henyep Capital Markets) generally comes out cheaper than Plus500 for popular forex pairs. HYCM earns 4.5 out of 5 stars and is ranked #18 of 63 for Commissions and Fees, while Plus500 holds 4.0 out of 5 stars and is ranked #24 of 63.
Plus500’s pricing sits slightly above the industry average. For the EUR/USD, its average spread was 1.5 pips in April 2024. Plus500 doesn’t offer retail discounts, but qualifying Professional clients may receive cash rebates similar to an active trader program. Overall, it’s straightforward but not the lowest-cost option for frequent traders.
HYCM offers multiple account types to match different budgets. The Raw account delivers an all-in cost around 0.6 pips on EUR/USD (after commission), which is significantly lower than Plus500’s quoted spread. HYCM’s Classic account starts from a variable 1.2 pips, and there’s also a fixed-spread account at 1.5 pips. If keeping trading costs down is a priority, HYCM’s Raw pricing is the more competitive choice.
| Feature |
Plus500
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | €50 | $20 |
| Average spread (EUR/USD) - Standard account | 1.3 | 1.3 |
| All-in Cost EUR/USD - Active | 1.3 | 0.6 |
| Non-wire bank transfer | 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.
Plus500 vs HYCM: Both brokers support forex trading (CFD or spot, depending on product and region) and let clients buy exchange-traded securities on U.S. and international exchanges. Plus500 lists about 5,500 tradeable symbols, while HYCM offers about 1,199. For forex, Plus500 has 65 currency pairs, whereas HYCM lists 70. Neither broker supports buying actual cryptocurrency, but both offer cryptocurrency CFDs. Copy trading isn’t available at either broker.
For range of investments, Plus500 earns 4.5/5 stars and ranks 17th out of 63 brokers at ForexBrokers.com, while HYCM scores 4/5 stars and ranks 27th. Choose Plus500 if you want a larger overall instrument list; pick HYCM if that slight edge in available forex pairs matters more to you.
| 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 vs HYCM (Henyep Capital Markets): both brokers offer free demo (paper) accounts and their own proprietary platforms. Plus500 is web-based and does not provide a Windows desktop download, while HYCM offers both a browser platform and a Windows desktop platform. Neither supports copy trading. Platform compatibility differs sharply: HYCM supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), but Plus500 supports neither. HYCM also lets you place trades directly from charts, whereas Plus500 does not.
For Trading Platforms and Tools, Plus500 is rated 4.5/5 stars and ranks #14 out of 63 brokers at ForexBrokers.com, while HYCM is rated 4/5 stars and ranks #32. In short, choose Plus500 if you want a streamlined, web-first experience with a demo account, and pick HYCM if you need MT4/MT5, a Windows desktop platform, and the ability to trade from charts.
| 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.
Plus500 vs HYCM (Henyep Capital Markets) mobile app comparison: both brokers offer iPhone and Android apps with price alerts and the ability to draw trendlines on charts. Key differences show up in convenience features. Plus500 syncs watchlists between the mobile app and web platform, so changes carry over automatically, while HYCM does not. On the flip side, HYCM auto-saves your chart drawings, and Plus500 does not—handy if you annotate charts often or switch screens frequently.
For charting depth, Plus500 provides 115 technical studies in its mobile app compared with HYCM’s 30, giving Plus500 a stronger toolkit for technical analysis. Ratings reflect this edge: Plus500 scores 4.5/5 stars and ranks #14 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, while HYCM earns 4/5 stars and ranks #30. In short, pick Plus500 if you value more indicators and synced watchlists; choose HYCM if automatic saving of chart drawings is more important to your workflow.
| 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.
In a Plus500 vs HYCM market research comparison, both brokers publish daily market commentary and include an economic calendar to track upcoming events. Each platform integrates Trading Central for technical insights, while neither offers Autochartist, Acuity Trading tools, or TipRanks. Where they differ: HYCM streams forex news from top-tier sources (e.g., Bloomberg/Reuters/Dow Jones or similar), which Plus500 does not. Plus500 counters with a built-in sentiment tool that shows the ratio of long vs. short positions across instruments—something HYCM doesn’t provide.
On overall research quality, Plus500 earns 4.0 stars and ranks #17 out of 63 brokers at ForexBrokers.com; HYCM scores 3.5 stars and ranks #29. In short, HYCM suits traders who want premium in-platform news, while Plus500 may appeal to those who value sentiment data alongside Trading Central analysis and daily commentary.
| 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.
Comparing forex and CFD education for beginners, Plus500 and HYCM (Henyep Capital Markets) both provide at least 10 beginner-focused videos that explain trading basics in a clear way. Plus500 adds depth with at least 10 advanced videos for when you’re ready to level up, and it also runs monthly client webinars so you can learn in real time and ask questions. HYCM does not host monthly educational webinars, which may matter if you prefer live sessions.
For overall education, Plus500 is rated 4.0 stars and ranks #26 out of 63 brokers by ForexBrokers.com, while HYCM holds 3.5 stars and ranks #27. If you want live webinars plus a path from beginner lessons to advanced topics, Plus500 is the stronger fit. If you mainly need a library of beginner videos without ongoing webinars, HYCM can still cover the essentials.
| 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 #14, 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
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HYCM (Henyep Capital Markets)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 86 |
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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 | 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 (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 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. 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) - Standard account | 1.3 | 1.3 | |
| All-in Cost EUR/USD - Active | 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 | 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 Watchlist [DELETED] | |||
| 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) | |
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| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| 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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