Written by ForexBrokers.com
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.
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.
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)
|
Questrade
|
|---|---|---|
| Year Founded | 1977 | 2000 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
Comparing commissions and fees, HYCM (Henyep Capital Markets) offers several account options that can lower your trading costs. Its Raw account delivers around 0.6 pips all-in on EUR/USD after commission, while the Classic account has a variable spread starting from 1.2 pips. There’s also a fixed-spread account at 1.5 pips for those who prefer predictable pricing.
Questrade’s target spread on EUR/USD is 1.9 pips, which is on the high side versus the industry average. In a head-to-head on EUR/USD pricing, HYCM’s Raw account typically comes out cheaper, whereas Questrade’s pricing is simpler but pricier for spread-focused forex traders.
For commissions and fees, HYCM is rated 4.5 out of 5 stars and ranks #18 out of 63 brokers at ForexBrokers.com. Questrade is rated 3 out of 5 stars and ranks #33 out of 63. If minimizing spreads is your priority, HYCM generally offers better value; if you prioritize a straightforward spread model and already use Questrade, expect higher costs on major pairs.
| Feature |
HYCM (Henyep Capital Markets)
|
Questrade
|
|---|---|---|
| Minimum Deposit | $20 | $250 |
| Average spread (EUR/USD) - Standard account | 1.3 | N/A |
| All-in Cost EUR/USD - Active | 0.6 | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
HYCM (Henyep Capital Markets) vs Questrade: HYCM offers 1,199 tradeable symbols, while Questrade lists 641. For forex pairs, Questrade leads with 110 compared to HYCM’s 70. Both brokers support forex trading (available as CFDs or spot, depending on the product), and both let you buy exchange‑listed U.S. stocks like Apple and international shares like Vodafone. Neither supports copy trading. If you want exposure to digital assets without holding coins directly, both offer cryptocurrency CFDs, but neither lets you buy actual crypto.
For Range of Investments, ForexBrokers.com rates HYCM 4 stars (ranked 27th of 63) and Questrade 5 stars (ranked 12th of 63). Pick HYCM if you want a wider overall selection of instruments; pick Questrade if having more forex pairs is your main goal, while still getting access to U.S. and global stocks and crypto CFDs.
| Feature |
HYCM (Henyep Capital Markets)
|
Questrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 641 |
| Forex Pairs (Total) | 70 | 110 |
| 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). |
Dive deeper: Best Copy Trading Platforms.
HYCM (Henyep Capital Markets) and Questrade both offer free paper trading with virtual demo accounts. Each provides a proprietary platform along with a Windows desktop download and a web-based platform, and both let you place trades directly from charts. Neither broker supports copy trading. The key difference is MetaTrader support: HYCM includes MetaTrader 4 (MT4) and MetaTrader 5 (MT5) alongside its own platform, while Questrade does not support MT4 or MT5.
For trading platforms and tools, both brokers earn 4 out of 5 stars from ForexBrokers.com. In the category rankings, HYCM is #32 out of 63 brokers, while Questrade is #28. The exact counts for built-in technical indicators and watchlist columns were not specified; consider checking each platform to confirm those details.
| Feature |
HYCM (Henyep Capital Markets)
|
Questrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 30 | 64 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
HYCM (Henyep Capital Markets) and Questrade both offer full-featured mobile trading apps for iPhone and Android. Each app supports price alerts, lets you draw trendlines on stock or forex charts, and automatically saves your chart drawings. Both are rated 4 out of 5 stars for Mobile Trading Apps, so you can expect a solid day-to-day experience on either platform.
Key differences come down to syncing and chart depth. Questrade syncs watchlists between the mobile app and your online account, while HYCM does not. For technical studies, Questrade offers 64 indicators compared to HYCM’s 30, giving Questrade more tools for analysis on the go. Reflecting these edges, ForexBrokers.com ranks Questrade #28 out of 63 brokers for Mobile Trading Apps, slightly ahead of HYCM at #30. If watchlist syncing and a larger set of studies matter to you, Questrade has the advantage; otherwise, both apps cover the core features traders need.
| Feature |
HYCM (Henyep Capital Markets)
|
Questrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 64 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
In a market research comparison of HYCM (Henyep Capital Markets) vs Questrade, HYCM stands out for day-to-day insights: it offers daily market commentary and forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones. Questrade does not provide daily commentary, and its access to those wire services isn’t specified. Both brokers include Trading Central tools and an economic calendar. Questrade adds Autochartist for technical pattern recognition plus TipRanks research, while HYCM lacks those two. Neither broker offers a sentiment tool or research from Acuity Trading.
Ratings are tied at 3.5 out of 5 stars for Research, but HYCM ranks slightly higher overall (#29 of 63 brokers) than Questrade (#34 of 63) in the ForexBrokers.com Research category. Choose HYCM if you value built-in news flow and commentary; choose Questrade if you want Autochartist scanning and TipRanks analyst data alongside Trading Central and an economic calendar.
| Feature |
HYCM (Henyep Capital Markets)
|
Questrade
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | Yes | |
| Autochartist | No | Yes |
| Trading Central | Yes | Yes |
| Client sentiment data | No | No |
| TipRanks | No | Yes |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
HYCM (Henyep Capital Markets) and Questrade are closely matched for beginner-friendly education. Both brokers provide at least 10 beginner videos that explain trading basics in plain language, which makes getting started easier. Neither runs monthly client webinars, and the data does not confirm whether either offers a full forex/CFD education library of 10 or more pieces. If live teaching and broader forex/CFD course libraries are important to you, you may want to check each broker’s learning center directly.
For overall education quality, both HYCM and Questrade earn 3.5 out of 5 stars. HYCM holds a slight edge in category ranking at #27 out of 63 brokers, while Questrade sits at #28. Keep in mind that neither provides 10 or more advanced trading videos, so if you expect to move beyond beginner content quickly, you might outgrow their materials. Otherwise, both are solid picks for newcomers who prefer learning through short videos.
| Feature |
HYCM (Henyep Capital Markets)
|
Questrade
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
Dive deeper: Best Forex Brokers for Beginners.
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 #26, while Questrade finished with an overall rank of #29.
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)
|
Questrade
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 86 | 86 |
| Range of Investments |
|
|
| Trading Fees |
|
|
| Trading Platforms |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
HYCM (Henyep Capital Markets) and Questrade both do not offer buying actual (delivered) cryptocurrency, but each supports trading cryptocurrency CFDs.
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.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | HYCM (Henyep Capital Markets) | Questrade | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 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) |
|
|
| Regulation | HYCM (Henyep Capital Markets) | Questrade | |
|---|---|---|---|
| Trust Score | 86 | 86 | |
| Year Founded | 1977 | 2000 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | HYCM (Henyep Capital Markets) | Questrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | ||
| Canada (CIRO Authorised) | No | Yes | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | ||
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | HYCM (Henyep Capital Markets) | Questrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No |
| Investments | HYCM (Henyep Capital Markets) | Questrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1199 | 641 | |
| Forex Pairs (Total) | 70 | 110 | |
| 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). |
| Cost | HYCM (Henyep Capital Markets) | Questrade | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.3 | N/A | |
| All-in Cost EUR/USD - Active | 0.6 | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | No |
| Funding | HYCM (Henyep Capital Markets) | Questrade | |
|---|---|---|---|
| Minimum Deposit | $20 | $250 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | HYCM (Henyep Capital Markets) | Questrade | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No |
| Trading Tools | HYCM (Henyep Capital Markets) | Questrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 64 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | HYCM (Henyep Capital Markets) | Questrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 64 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | HYCM (Henyep Capital Markets) | Questrade | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | ||
| Autochartist | No | Yes | |
| Trading Central | Yes | Yes | |
| TipRanks | No | Yes | |
| Client sentiment data | No | No | |
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | Questrade | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | Questrade | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | HYCM (Henyep Capital Markets) Review | Questrade Review |
| Overall | HYCM (Henyep Capital Markets) | Questrade | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 86 | 86 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | Questrade Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Pepperstone
FP Markets
Tickmill