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HYCM (Henyep Capital Markets) vs Questrade 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of HYCM (Henyep Capital Markets) vs Questrade, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

HYCM (Henyep Capital Markets)
4/5 Stars Overall
  • Minimum Deposit: $20
  • Trust Score: 86
  • Tradeable Symbols (Total): 1199
Questrade
4/5 Stars Overall
  • Minimum Deposit: $250
  • Trust Score: 86
  • Tradeable Symbols (Total): 641

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.

Regulation

HYCM (Henyep Capital Markets) and Questrade are two reputable online brokers catering to diverse investor needs. Founded in 1977, HYCM boasts a long history in the financial services sector, while Questrade, established in 2000, has carved out its niche in the Canadian market. Neither firm is publicly traded or operates as a bank, focusing instead on providing accessible online trading services. Both brokers are endorsed by their regulatory standings, holding two Tier-1 licenses each, indicating a high level of trust according to industry standards. HYCM edges slightly ahead in regulatory diversity with an additional Tier-2 license, showing its commitment to trusted operations.

Both HYCM and Questrade garner a Trust Score of 86 from ForexBrokers.com, ranking them as trusted brokers. This score reflects their commitment to maintaining safety and reliability for their clients. Whether you're inclined towards the well-established operations of HYCM or the Canadian-focused expertise of Questrade, either broker offers a dependable platform for navigating the online trading landscape.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Questrade logoQuestrade
Year Founded info 1977 2000
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 2 2
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0

Fees

When comparing commissions and fees, HYCM (Henyep Capital Markets) comes out ahead of Questrade. HYCM earns 4.5 out of 5 stars and ranks 16th out of 63 brokers for this category, while Questrade holds 3 out of 5 stars and ranks 59th out of 63. The key difference is pricing on popular forex pairs like EUR/USD, where HYCM offers lower costs across multiple account types.

HYCM’s Raw account delivers an all-in cost of about 0.6 pips on EUR/USD after commission, making it the most cost-effective option for active traders. Its Classic account features variable spreads starting from 1.2 pips, and there’s also a fixed-spread account at 1.5 pips for those who prefer predictable pricing.

Questrade’s target spread of 1.9 pips on EUR/USD is on the high side versus the industry average, which contributes to its lower 3-star rating and #59 ranking. If minimizing trading costs is your priority, HYCM’s pricing structure is generally more attractive than Questrade’s.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Questrade logoQuestrade
Minimum Deposit info $20 $250
Average spread (EUR/USD) - Standard account info 1.2 info N/A
All-in Cost EUR/USD - Active info 0.6 info N/A
Non-wire bank transfer info No No
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes No
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

HYCM (Henyep Capital Markets) vs Questrade: For overall choice, HYCM lists 1,199 tradeable symbols, while Questrade offers 641. If your focus is currency trading, Questrade leads with 110 forex pairs compared to HYCM’s 70, and forex trading (CFD or spot) is available at both brokers. Each one also lets you buy exchange-traded securities on U.S. markets like Apple (NASDAQ: AAPL) and on international exchanges such as Vodafone (VOD-GB, London Stock Exchange).

Neither broker supports copy trading, and neither lets you buy actual cryptocurrency, though both provide access to cryptocurrency via CFDs. For Range of Investments, ForexBrokers.com rates HYCM at 4 out of 5 stars (ranked 34 of 63) and Questrade at 5 out of 5 stars (ranked 12 of 63). In short, HYCM gives you a larger total menu of instruments, while Questrade shines with more forex pairs and a higher category rating.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Questrade logoQuestrade
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1199 641
Forex Pairs (Total) info 70 110
U.S. Stocks (Shares) info Yes Yes
Global Stocks (Non-U.S. Shares) info Yes Yes
Copy Trading info No No
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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).

Dive deeper: Best Copy Trading Platforms.

Trading platforms and tools

HYCM (Henyep Capital Markets) and Questrade both make it easy to get started with free paper trading via demo accounts. Each broker offers its own proprietary platform alongside a web-based platform and a Windows desktop app, and both let you place trades directly from charts. Neither supports copy trading. A key difference is third-party platform support: HYCM offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while Questrade does not—important if you rely on MT4/MT5 tools or automated strategies.

For Trading Platforms and Tools, ForexBrokers.com rates both brokers at 4 out of 5 stars, with Questrade ranked #35 of 63 and HYCM ranked #41 of 63. Choose HYCM if MT4/MT5 access is a must; pick Questrade if you prefer staying within its in-house ecosystem. In either case, test-drive the workflow and features with a demo account before committing.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Questrade logoQuestrade
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info No No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes No
Charting - Indicators / Studies (Total) info 30 64
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

HYCM (Henyep Capital Markets) and Questrade both deliver iPhone and Android trading apps with stock or forex price alerts, trendline drawing, and auto-saved chart annotations. The biggest everyday difference is watchlist syncing: HYCM’s mobile watchlists don’t sync with its online account, while Questrade’s do. For charting depth, HYCM includes 30 technical studies, whereas Questrade offers 64.

Both apps earn 4 out of 5 stars for mobile trading. In ForexBrokers.com’s Mobile Trading Apps category, Questrade ranks #35 out of 63 brokers and HYCM ranks #38. If you want more indicators and seamless watchlists across devices, Questrade has the edge; if you mainly need dependable alerts and core chart tools, HYCM covers the basics on the go.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Questrade logoQuestrade
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info No Yes
Mobile Charting - Indicators / Studies info 30 64
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

Comparing HYCM (Henyep Capital Markets) and Questrade on research: both earn 3.5 out of 5 stars, yet HYCM ranks higher (#36 vs #52 by ForexBrokers.com). HYCM stands out with daily market commentary and forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, helping traders stay up to speed. Questrade does not publish daily commentary, and its access to top-tier forex news isn’t specified here.

On tools, both brokers include Trading Central and provide an economic calendar. Questrade adds Autochartist and TipRanks for extra screening and idea generation, while HYCM does not offer those. Neither broker includes a sentiment tool or Acuity Trading features. In short: pick HYCM if you want frequent in-house commentary and mainstream news coverage; choose Questrade if Autochartist and TipRanks are priorities in your research setup.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Questrade logoQuestrade
Daily Market Commentary (Articles) info Yes No
Forex News (Top-Tier Sources) info Yes
Autochartist info No Yes
Trading Central info Yes Yes
Client sentiment data info No No
TipRanks info No Yes
Acuity Trading info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

HYCM (Henyep Capital Markets) and Questrade both cater to beginners with at least 10 trading videos aimed at newcomers, which makes it easy to get started with core concepts. Neither broker runs monthly client webinars, and neither offers 10 or more advanced videos for experienced traders. The presence of a larger, dedicated library of forex and CFD education (10+ articles, videos, or archived webinars focused on those topics) isn’t confirmed for either, so most beginners will likely lean on the video content to learn.

For overall education, both earn 3.5 out of 5 stars. HYCM edges out Questrade in the category ranking from ForexBrokers.com, placing 32nd out of 63 brokers versus Questrade’s 36th. If you want slightly higher-ranked education, HYCM has the nod; otherwise, the beginner video support is similar. It’s worth checking each broker’s education page to see the latest forex/CFD materials and any new learning formats.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Questrade logoQuestrade
Webinars info No No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info No No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that HYCM (Henyep Capital Markets) is better than Questrade. HYCM (Henyep Capital Markets) finished with an overall rank of #29, while Questrade finished with an overall rank of #32.

HYCM is a trusted brand that offers a straightforward MetaTrader platform experience. Its Raw account delivers competitive pricing, and traders gain access to third-party modules from Trading Central as well as exchange-traded securities (available through a separate platform). That said, HYCM offers a narrow range of symbols to forex and CFD traders.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Questrade logoQuestrade
Overall Rating info 4/5 Stars 4/5 Stars
Trust Score info 86 86
Range of Investments 4/5 Stars 5/5 Stars
Commissions & Fees 4.5/5 Stars 3/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with HYCM (Henyep Capital Markets) or Questrade?

HYCM (Henyep Capital Markets) and Questrade both do not offer buying actual (delivered) cryptocurrency, but each supports trading cryptocurrency CFDs.

What funding options does each broker offer?

Comparing online brokers HYCM (Henyep Capital Markets) and Questrade: neither supports ACH or SEPA transfers or PayPal, both allow bank wire deposits and withdrawals, HYCM additionally supports Skrill while Questrade does not, and Visa/Mastercard availability is not specified for either.

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Overall Rating HYCM (Henyep Capital Markets) Questrade
Overall Rating info 4/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 3/5 Stars
Range of Investments 4/5 Stars 5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 86 86
Winner check_circle
Review HYCM (Henyep Capital Markets) Review Questrade Review
Broker Screenshots HYCM (Henyep Capital Markets) Questrade
Broker Gallery (click to expand) info
HYCM MT5 desktop trading platform HYCM client portal Analyst Views market analysis HYCM YouTube channel videos.
Questrade Global web platform dashboard. Questrade Global web platform Autochartist signals. Questrade educational content featured lessons.
Regulation HYCM (Henyep Capital Markets) Questrade
Trust Score info 86 86
Year Founded info 1977 2000
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info No info No
Tier-1 Licenses info 2 2
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0
Tier-1 Licenses (Highly Trusted) HYCM (Henyep Capital Markets) Questrade
Australia (ASIC Authorised) info No
Canada (CIRO Authorised) info No Yes
Hong Kong (SFC Authorised) info Yes No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info No info No
Tier-2 Licenses (Trusted) HYCM (Henyep Capital Markets) Questrade
Kenya (CMA Authorised) info No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA, FSRA, or SCA Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No
Investments HYCM (Henyep Capital Markets) Questrade
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1199 641
Forex Pairs (Total) info 70 110
U.S. Stocks (Shares) info Yes Yes
Global Stocks (Non-U.S. Shares) info Yes Yes
Copy Trading info No No
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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).
Cost HYCM (Henyep Capital Markets) Questrade
Average spread (EUR/USD) - Standard account info 1.2 info N/A
All-in Cost EUR/USD - Active info 0.6 info N/A
Inactivity Fee info No No
Order execution: Agency info Yes Yes
Order execution: Market Maker info Yes No
Funding HYCM (Henyep Capital Markets) Questrade
Minimum Deposit info $20 $250
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes No
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info No No
Trading Platforms HYCM (Henyep Capital Markets) Questrade
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info No No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes No
cTrader info No No
Trading Tools HYCM (Henyep Capital Markets) Questrade
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 30 64
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading HYCM (Henyep Capital Markets) Questrade
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info No Yes
Mobile Charting - Indicators / Studies info 30 64
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes
Mobile Research - Economic Calendar info Yes Yes
Research HYCM (Henyep Capital Markets) Questrade
Daily Market Commentary (Articles) info Yes No
Forex News (Top-Tier Sources) info Yes
Autochartist info No Yes
Trading Central info Yes Yes
TipRanks info No Yes
Client sentiment data info No No
Economic Calendar info Yes Yes
Education HYCM (Henyep Capital Markets) Questrade
Webinars info No No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info No No
Major Forex Pairs HYCM (Henyep Capital Markets) Questrade
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review HYCM (Henyep Capital Markets) Review Questrade Review
Overall HYCM (Henyep Capital Markets) Questrade
Overall Rating info 4/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 3/5 Stars
Range of Investments 4/5 Stars 5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 86 86
Winner check_circle
Review HYCM (Henyep Capital Markets) Review Questrade Review
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