Written by ForexBrokers.com
In this head to head comparison of HYCM (Henyep Capital Markets) vs RoboForex, 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 RoboForex are both well-known online brokers, each offering extensive trading services. Established in 1977, HYCM is a seasoned player in the financial industry, while RoboForex entered the market in 2009. Neither broker is publicly traded nor operates as a bank. When it comes to regulatory standing, HYCM commands a stronger position with two Tier-1 licenses and one Tier-2 license. This structure contributes to its ForexBrokers.com Trust Score of 86, placing it in the 'trusted' category. RoboForex, on the other hand, holds one Tier-1 license and carries a Trust Score of 73, indicating an 'average risk' designation.
For individuals seeking to evaluate trustworthiness in online trading, HYCM stands out for its long-established presence and stronger regulatory credentials. However, RoboForex remains a viable alternative with a more moderate risk profile. These differences underscore the importance of considering regulatory frameworks and trust scores when selecting an online broker to meet specific trading needs.
| Feature |
HYCM (Henyep Capital Markets)
|
RoboForex
|
|---|---|---|
| Year Founded | 1977 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing the commissions and fees of online brokers, HYCM (Henyep Capital Markets) and RoboForex provide distinct options for traders. HYCM offers a range of account types including the Raw account, which features competitive pricing with an all-in cost of about 0.6 pips for the EUR/USD pair, factoring in commission. Their Classic account begins with a more expensive variable spread starting from 1.2 pips. Additionally, HYCM provides a fixed-spread account option with a spread of 1.5 pips.
In contrast, RoboForex's Procent and Pro accounts come with higher average spreads, at 1.3 pips for the EUR/USD pair. This may be less appealing for traders seeking the most cost-effective trading experience when compared to HYCM’s offerings. The difference in pricing structures gives traders more choice depending on their trading strategy and budget.
Based on ForexBrokers.com ratings, HYCM receives a commendable 4.5 out of 5 stars for commissions and fees, ranking it 15th out of 63 brokers in this category. RoboForex, on the other hand, holds a rating of 3.5 stars and is positioned significantly lower, at 55th place. These rankings reflect the overall cost-effectiveness and value that each brokerage brings to its clients.
| Feature |
HYCM (Henyep Capital Markets)
|
RoboForex
|
|---|---|---|
| Minimum Deposit | $20 | $100 |
| Average Spread EUR/USD - Standard | 1.2 | 1.3 |
| All-in Cost EUR/USD - Active | 0.6 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments offered by HYCM (Henyep Capital Markets) and RoboForex, both brokers provide opportunities for trading forex through CFDs or spot contracts. HYCM offers a selection of 1,199 tradeable symbols, including 70 forex pairs, giving traders diverse options to explore various markets. Additionally, HYCM grants access to exchange-traded securities on U.S. and international exchanges, allowing clients to directly purchase shares like those of Apple or Vodafone. This comprehensive array of investment options contributes to HYCM's solid four-star rating in the Range of Investments category.
In contrast, RoboForex boasts a massive offering of 8,400 tradeable symbols but has 28 tradeable forex pairs, which may appeal to traders looking for variety. RoboForex users can't purchase exchange-traded securities directly, but they can engage in copy trading, a feature not available with HYCM. Both brokers provide options for investing in cryptocurrency derivatives, though not actual cryptocurrencies. With a higher rating of 4.5 stars for Range of Investments, RoboForex is ranked 20th out of 63 brokers, showing its appeal for traders focused on broad investment choices and innovative trading solutions.
| Feature |
HYCM (Henyep Capital Markets)
|
RoboForex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 8400 |
| Forex Pairs (Total) | 70 | 28 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| 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). | 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 and RoboForex both offer free virtual demo accounts, making it easy for traders to practice and refine their strategies without any financial risk. HYCM stands out by providing its own proprietary platform, developed specifically for their clients, in addition to the widely used MetaTrader 4 and MetaTrader 5 platforms. RoboForex, while not offering a proprietary platform, also supports MT4 and MT5. Both brokers deliver flexible trading experiences with options for Windows-based desktop downloads and browser-based platforms. However, RoboForex offers an additional tool for traders interested in copy trading, something HYCM does not provide.
When it comes to charting tools, both brokers offer a solid array of options, including 15 drawing tools to aid in technical analysis, and the capability to trade directly from stock charts. Their watch lists each contain 7 columns for tracking key data points, helping traders stay informed. Despite having similar features and receiving a rating of 4 stars for their platforms and tools, HYCM is ranked slightly higher (#40) than RoboForex (#43) by ForexBrokers.com among 63 brokers, indicating a slight edge in overall platform satisfaction.
| Feature |
HYCM (Henyep Capital Markets)
|
RoboForex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both HYCM (Henyep Capital Markets) and RoboForex offer mobile apps for iPhone and Android users, providing a convenient way for traders to access the market on the go. Both platforms allow users to receive stock or forex price alerts and offer the ability to draw trend lines on charts, view multiple time frames, and auto-save chart drawings. Additionally, both apps provide real-time quote watchlists, although neither supports watchlist symbol syncing with the online account. In terms of technical studies for charting, both platforms offer 30 options, catering to those who require detailed technical analysis on the move.
When it comes to performance ratings, both HYCM and RoboForex earn a solid 4 out of 5 stars for their mobile trading apps. While HYCM is ranked #37 out of 63 brokers in the Mobile Trading Apps category on ForexBrokers.com, RoboForex follows closely at #43. These rankings highlight both apps as reliable choices for mobile trading, although traders may wish to consider other features and personal preferences when selecting their preferred option.
| Feature |
HYCM (Henyep Capital Markets)
|
RoboForex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Both HYCM (Henyep Capital Markets) and RoboForex provide daily market commentary and access to forex news from reputable sources like Bloomberg and Reuters, allowing their clients to stay informed about market trends. They each offer technical analysis tools from Trading Central, helping traders make informed decisions. However, neither broker provides tools from Autochartist or any sentiment-based trading utilities that show the ratio of long or short positions in various currency pairs. Despite these similarities, RoboForex distinguishes itself by offering research tools from Acuity Trading, such as Signal Centre, which HYCM does not include in its service lineup.
An economic calendar displaying key global news events is available at both HYCM and RoboForex, enhancing their traders' ability to anticipate market shifts. Each broker has earned a 3.5-star rating for research, placing them somewhat similarly in terms of research quality, with HYCM ranked 35th and RoboForex 37th out of 63 brokers by ForexBrokers.com. This ranking underscores their competitive stance in the industry, yet highlights room for improvement in delivering research tools that align with best-in-class offerings.
| Feature |
HYCM (Henyep Capital Markets)
|
RoboForex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, HYCM (Henyep Capital Markets) distinguishes itself from RoboForex by offering a comprehensive selection of materials focused on forex and CFDs. HYCM provides over ten educational pieces such as articles, videos, and archived webinars, which cater specifically to those interested in these areas. Additionally, they offer a searchable archive of past client webinars, offering learners the chance to revisit valuable insights at their convenience. Beginners can also benefit from at least ten dedicated educational videos on trading topics, and an extensive investor dictionary that defines more than 50 investing terms, making it an excellent resource for those just starting out in trading.
In contrast, RoboForex does not match up with HYCM in terms of the quantity and accessibility of educational content for beginners. While they don't have a collection that meets the minimum threshold for educational articles, videos, or webinars, RoboForex also lacks a searchable archive of webinars, beginner-focused videos, and an investor dictionary that HYCM provides. Both platforms are rated 3.5 stars for education, yet HYCM holds a significant advantage, ranked 32nd out of 63 brokers by ForexBrokers.com, compared to RoboForex's 56th position in the education category. This positions HYCM as a more favorable option for beginners seeking structured and accessible educational resources.
| Feature |
HYCM (Henyep Capital Markets)
|
RoboForex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | 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 RoboForex. HYCM (Henyep Capital Markets) finished with an overall rank of #29, while RoboForex finished with an overall rank of #46.
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)
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RoboForex
|
|---|---|---|
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| Trust Score | 86 | 73 |
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Both HYCM (Henyep Capital Markets) and RoboForex offer trading in cryptocurrency derivatives, but neither provides the option to purchase actual (delivered) cryptocurrencies.
When comparing online brokers HYCM (Henyep Capital Markets) and RoboForex, it's important to note that RoboForex offers more flexible options for depositing and withdrawing account funds, including ACH and SEPA transfers as well as PayPal, which are not available with HYCM; however, both brokers support Skrill, Visa, Mastercard, and bank wires.
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 | HYCM (Henyep Capital Markets) | RoboForex | |
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| Trust Score | 86 | 73 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | RoboForex Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | RoboForex | |
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| Regulation | HYCM (Henyep Capital Markets) | RoboForex | |
|---|---|---|---|
| Trust Score | 86 | 73 | |
| Year Founded | 1977 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | HYCM (Henyep Capital Markets) | RoboForex | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | 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 | Yes |
| Tier-2 Licenses (Trusted) | HYCM (Henyep Capital Markets) | RoboForex | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | HYCM (Henyep Capital Markets) | RoboForex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1199 | 8400 | |
| Forex Pairs (Total) | 70 | 28 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| 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). | 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) | RoboForex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | 1.3 | |
| All-in Cost EUR/USD - Active | 0.6 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | HYCM (Henyep Capital Markets) | RoboForex | |
|---|---|---|---|
| Minimum Deposit | $20 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | HYCM (Henyep Capital Markets) | RoboForex | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | HYCM (Henyep Capital Markets) | RoboForex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | HYCM (Henyep Capital Markets) | RoboForex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | HYCM (Henyep Capital Markets) | RoboForex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | RoboForex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | RoboForex | |
|---|---|---|---|
| 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 | HYCM (Henyep Capital Markets) Review | RoboForex Review |
| Overall | HYCM (Henyep Capital Markets) | RoboForex | |
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| Trust Score | 86 | 73 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | RoboForex Review |
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