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 |
When comparing commissions and fees, Plus500 and HYCM (Henyep Capital Markets) present distinct offerings. Plus500's pricing structure is slightly above the industry average and lags behind top forex brokers like IG or Saxo, especially for active trader pricing. While there are no direct discounts for retail clients, Plus500 offers cash rebates akin to an active trader program for those qualifying as Professional clients. Notably, their average spread for the EUR/USD was 1.5 pips in April 2024, which exceeds the industry norm. Plus500 holds a rating of 4.0 stars and is ranked #23 out of 63 brokers in the Commissions and Fees category by ForexBrokers.com.
In contrast, HYCM provides more competitive pricing, particularly with its Raw account, which features an all-in cost of approximately 0.6 pips for the EUR/USD after commission. The Classic account costs more, with a variable spread starting from 1.2 pips, and there is also a fixed-spread account offering a spread of 1.5 pips. HYCM's appealing pricing is reflected in its superior rating and ranking; it has garnered 4.5 stars and is placed 15th among 63 brokers according to ForexBrokers.com for commissions and fees.
For traders prioritizing cost efficiency, HYCM may be the preferable choice due to its competitive spreads, especially in the Raw account, combined with its higher overall rating. Meanwhile, Plus500, despite offering rebate opportunities for Professional clients, might not be as appealing for those seeking lower inactive trading costs. Both brokers have distinct advantages depending on a trader’s individual trading needs and client status.
| 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.
Plus500 and HYCM both offer comprehensive investment options for traders, making them popular choices for those exploring the world of online brokerage. Plus500 impresses with a vast selection of 5,500 tradeable symbols, including 65 forex pairs for CFD or spot contract trading. In comparison, HYCM provides 1,199 tradeable symbols with a slightly greater focus on forex, offering 70 pairs. Both brokers enable clients to access exchange-traded securities on U.S. and international markets, allowing the purchase of popular stocks like Apple and Vodafone, ensuring investors can diversify their portfolios across various global exchanges.
While neither Plus500 nor HYCM supports copy trading or the direct purchase of actual cryptocurrencies, they do offer access to cryptocurrency derivatives. Plus500's range of investments earns it a 4.5-star rating, ranking it 21st among 63 brokers reviewed by ForexBrokers.com for this category. Meanwhile, HYCM receives a solid 4-star rating, landing at 33rd place in the same category. With each platform offering distinct advantages, traders can choose based on their specific needs and preferences in the vast landscape of financial trading options.
| 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.
When comparing the trading platforms and tools of Plus500 and HYCM (Henyep Capital Markets), both brokers offer a free virtual demo account to help traders practice without risk. Each firm provides its own proprietary platform, but Plus500 focuses on a web-based platform while not offering a Windows-based desktop option. On the other hand, HYCM extends a Windows-based platform along with web-based access, giving traders flexibility. Notably, for those seeking advanced functionalities, HYCM provides popular platforms like MetaTrader 4 and MetaTrader 5, whereas Plus500 does not support these options.
Plus500 excels in providing a comprehensive list of drawing tools with 36 options, exceeding the 15 available through HYCM, making it advantageous for traders who rely on detailed charting. However, HYCM allows users to trade directly from a stock chart, a feature absent in Plus500's offerings. While Plus500 provides more columns for watch lists than HYCM, with 10 fields compared to 7, overall ratings demonstrate Plus500's slightly higher customer satisfaction for trading platforms and tools with a score of 4.5 stars against HYCM's 4 stars. Moreover, Plus500's superior position at #14, as ranked by ForexBrokers.com, reflects a stronger presence in this competitive category compared to HYCM's rank of #40.
| 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 Plus500 and HYCM provide iPhone and Android apps, catering to traders’ needs on the go. They also offer price alerts and the ability to draw trendlines on charts, as well as the flexibility to view various time frames. However, Plus500’s mobile app outshines with features like watchlist symbol syncing, which HYCM does not support. This discrepancy in functionality may impact user preferences, as traders often appreciate seamless transitions between their mobile and online accounts. Plus500 also allows the creation of a real-time quotes watchlist ensuring users stay updated with market changes, a feature shared by HYCM.
One area where Plus500 significantly leads is in its offering of technical studies for charting, providing 115 options compared to HYCM's 30, which enhances its appeal to those relying heavily on technical analysis. Although Plus500 doesn’t auto-save chart drawings, a function HYCM’s app provides, it still shines with a higher rating of 4.5 stars for mobile trading apps, compared to HYCM's 4 stars. Additionally, Plus500 ranks 14th among 63 brokers in the mobile trading apps category, while HYCM ranks at 37th, indicating a more favorable reception among users and experts alike.
| 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.
When comparing the market research offerings of online brokers Plus500 and HYCM, both platforms provide daily market commentary, which is essential for keeping traders informed. However, in the realm of forex news from prestigious sources like Bloomberg and Reuters, HYCM takes the lead by offering this feature, whereas Plus500 does not. Both brokers are equipped with tools from Trading Central, helping traders with technical analytics, although neither collaborates with Autochartist. While Plus500 provides an additional sentiment-based trading tool that highlights the ratio of long or short positions across various currency pairs, HYCM does not offer this tool.
For traders relying on an economic calendar to track global events, both brokers meet this need effectively. Still, Plus500's research offerings are rated slightly higher, receiving a 4.0-star rating compared to HYCM's 3.5 stars. In terms of rankings by ForexBrokers.com for research capabilities, Plus500 holds a more favorable position at #19 out of 63 brokers, while HYCM is ranked at #35. Neither broker, however, features research tools from TipRanks or Acuity Trading. Ultimately, while both platforms have commendable offerings, Plus500 edges ahead in overall research utility and trader tools.
| 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
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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/Central Bank 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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