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 comparing commissions and fees, HYCM (Henyep Capital Markets) comes out ahead of Plus500 for most cost-focused forex traders. Plus500’s pricing is slightly above the industry average, and its EUR/USD spread averaged 1.5 pips in April 2024, which is higher than many top low-cost brokers. It does not offer retail discounts, though eligible Professional clients may receive cash rebates through a program similar to active trader pricing. Plus500 earns a 4.0-star rating and ranks #25 out of 36 brokers for commissions and fees.
HYCM offers more flexible pricing choices, and its Raw account is the most competitive, with an all-in EUR/USD cost of about 0.6 pips after commission. Its Classic account is pricier, with variable spreads starting from 1.2 pips, while the fixed-spread account lists a 1.5 pip spread. Overall, HYCM is rated 4.5 stars for commissions and fees and is ranked #18 out of 36 brokers, making it the stronger choice for traders who want lower trading costs.
| 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.
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 platform, so each broker offers a simple way to practice and trade online. Neither broker supports copy trading, but Plus500 stands out for its easier, browser-first setup. It does not offer MT4, MT5, or a Windows desktop download platform, which may matter for traders who want more advanced software options.
HYCM offers a wider range of platform choices for active traders, including a Windows desktop download platform plus support for MetaTrader 4 and MetaTrader 5. It also lets users trade directly from charts, a helpful feature for faster order placement. While Plus500 earns a slightly higher rating for Trading Platforms and Tools at 4.5 stars versus HYCM’s 4 stars, and ranks higher overall in this category with a #14 spot compared with HYCM’s #33, HYCM may appeal more to traders who want MetaTrader access and more desktop tools.
| 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 and HYCM (Henyep Capital Markets) both make it easy to trade on the go, with iPhone and Android apps, plus stock and forex price alerts. Each app also lets users draw trendlines on charts, so mobile traders can do basic technical analysis from their phone or tablet. Where Plus500 stands out is in the details: its mobile app syncs watchlists with the online account, so changes update across devices, while HYCM does not offer that feature.
Plus500 also gives mobile users far more charting tools, with 115 technical studies compared with HYCM’s 30. HYCM does have one small edge in that it automatically saves chart drawings, while Plus500 does not. Overall, Plus500 is rated higher for mobile trading apps at 4.5 out of 5 stars and is ranked #14 out of 36 brokers by ForexBrokers.com, compared with HYCM’s 4 stars and #31 ranking.
| 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.
When it comes to market research, both Plus500 and HYCM (Henyep Capital Markets) give traders daily market commentary, Trading Central tools, and an economic calendar to track major global events. Neither broker offers Autochartist, TipRanks, or Acuity Trading research tools. The main difference is that HYCM adds forex news from top-tier sources such as Bloomberg, Reuters, and Dow Jones, while Plus500 does not. Plus500, on the other hand, includes a sentiment tool that shows the balance of long and short positions across instruments, which HYCM does not provide.
Overall, Plus500 has the stronger research offering, earning 4.5 out of 5 stars and ranking #16 out of 36 brokers for Research by ForexBrokers.com. HYCM is still a solid choice, but its research section is rated lower at 3.5 stars and ranked #30. For traders who want more built-in market sentiment data, Plus500 has the edge, while HYCM may appeal more to those who value access to major news sources.
| 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.
When it comes to beginner education, Plus500 has the edge over HYCM (Henyep Capital Markets). Plus500 offers forex and CFD learning materials, runs online educational webinars at least once a month, and provides 10 or more beginner videos as well as 10 or more advanced videos. HYCM also offers at least 10 beginner trading videos and forex or CFD education, but it does not hold monthly webinars and does not appear to offer 10 or more advanced videos for experienced traders.
Overall, Plus500 is the stronger pick for new traders who want more ways to learn, especially through regular webinars and a wider video library. That difference shows up in ratings too: Plus500 scores 4.5 out of 5 for Education and ranks #26 out of 36 brokers on ForexBrokers.com, while HYCM scores 3.5 out of 5 and ranks #27. For beginners comparing online broker education, Plus500 offers the more complete learning setup.
| 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
|
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) - 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) | |
|---|---|---|---|
| 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 | 85 | |
| Winner | check_circle | ||
| Review | Plus500 Review | HYCM (Henyep Capital Markets) Review |
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