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 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
info
|
1977
|
2009
|
Publicly Traded (Listed)
info
|
No
|
No
|
Bank
info
|
No
|
No
|
Tier-1 Licenses
info
|
2
|
1
|
Tier-2 Licenses
info
|
1
|
0
|
Tier-3 Licenses
info
|
0
|
0
|
Tier-4 Licenses
info
|
1
|
2
|
Fees
HYCM (Henyep Capital Markets) generally comes out cheaper than RoboForex for EUR/USD. HYCM’s Raw account posts an all-in cost around 0.6 pips after commission, while its Classic account has variable spreads from 1.2 pips and its fixed-spread option sits at 1.5 pips. By comparison, RoboForex lists average EUR/USD spreads of about 1.3 pips on its Procent and Pro accounts, which is on the higher side.
On pricing reputation, HYCM earns 4.5 out of 5 stars for commissions and fees and ranks #16 out of 63 brokers at ForexBrokers.com. RoboForex scores 3.5 out of 5 stars and ranks #56 out of 63. In short, traders seeking lower EUR/USD costs may find HYCM’s Raw account more appealing, while RoboForex’s pricing is less competitive in this category.
Feature |
HYCM (Henyep Capital Markets)
|
RoboForex
|
Minimum Deposit
info
|
$20
|
$100
|
Average Spread EUR/USD - Standard
info
|
1.2
info |
1.3
info |
All-in Cost EUR/USD - Active
info
|
0.6
info |
N/A
|
Active Trader or VIP Discounts
info
|
Yes
|
Yes
|
ACH or SEPA Transfers
info
|
No
|
Yes
|
PayPal (Deposit/Withdraw)
info
|
No
|
Yes
|
Skrill (Deposit/Withdraw)
info
|
Yes
|
Yes
|
Visa/Mastercard (Credit/Debit)
info
|
Yes
|
Yes
|
Bank Wire (Deposit/Withdraw)
info
|
Yes
|
Yes
|
Dive deeper: Best Low Spread Forex Brokers.
Range of investments
If you’re weighing HYCM (Henyep Capital Markets) against RoboForex for their range of investments, here are the essentials. Both let you trade forex as CFDs or spot. HYCM lists 1,199 tradeable symbols with 70 forex pairs, while RoboForex offers a much larger catalog at 8,400 symbols but fewer forex pairs at 28. That makes HYCM stronger for currency pair variety, whereas RoboForex stands out for its overall instrument count.
Asset access also differs. HYCM allows buying exchange-traded shares (not CFDs) on both U.S. and international exchanges—for example, Apple on NASDAQ or Vodafone in London—while RoboForex does not offer direct share dealing. RoboForex, however, supports copy trading, which HYCM does not. Neither broker lets you buy actual cryptocurrency, though both provide crypto derivatives. For range of investments, ForexBrokers.com rates HYCM 4 stars (ranked 34 of 63) and RoboForex 4.5 stars (ranked 21 of 63).
Feature |
HYCM (Henyep Capital Markets)
|
RoboForex
|
Forex Trading (Spot or CFDs)
info
|
Yes
|
Yes
|
Tradeable Symbols (Total)
info
|
1199
|
8400
|
Forex Pairs (Total)
info
|
70
|
28
|
U.S. Stock Trading (Non CFD)
info
|
Yes
|
No
|
Int'l Stock Trading (Non CFD)
info
|
Yes
|
No
|
Social Trading / Copy Trading
info
|
No
|
Yes
|
Cryptocurrency (Physical)
info
|
No
|
No
|
Cryptocurrency (Derivative)
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).
|
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
Comparing HYCM (Henyep Capital Markets) and RoboForex on trading platforms and tools: both brokers offer free virtual demo (paper) accounts, plus Windows desktop and web platforms. HYCM adds a proprietary, in-house platform, while RoboForex does not. Each supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Copy trading is available at RoboForex but not at HYCM. Neither broker integrates DupliTrade or ZuluTrade.
For charting and usability, both let you place trades directly from charts and include 15 drawing tools, along with watch lists that can display seven data columns. In ForexBrokers.com testing for Trading Platforms and Tools, both earned 4 stars, with HYCM ranked 41st out of 63 brokers and RoboForex 44th. If you want a proprietary platform, HYCM is the pick; if copy trading matters, RoboForex stands out—otherwise their core platform options are similar.
Feature |
HYCM (Henyep Capital Markets)
|
RoboForex
|
Virtual Trading (Demo)
info
|
Yes
|
Yes
|
Proprietary Platform
info
|
Yes
|
No
|
Desktop Platform (Windows)
info
|
Yes
|
Yes
|
Web Platform
info
|
Yes
|
Yes
|
Social Trading / Copy Trading
info
|
No
|
Yes
|
MetaTrader 4 (MT4)
info
|
Yes
|
Yes
|
MetaTrader 5 (MT5)
info
|
Yes
|
Yes
|
DupliTrade
info
|
No
|
No
|
ZuluTrade
info
|
No
|
No
|
Charting - Indicators / Studies (Total)
info
|
30
|
30
|
Charting - Drawing Tools (Total)
info
|
15
|
15
|
Charting - Trade From Chart
info
|
Yes
|
Yes
|
Watchlists - Total Fields
info
|
7
|
7
|
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Forex trading apps
HYCM (Henyep Capital Markets) and RoboForex both offer full-featured mobile trading apps for iPhone and Android. Each app includes price alerts, real-time quote watchlists, and charting with 30 built-in indicators. You can draw trendlines, switch among intraday, daily, and weekly time frames, and your chart drawings auto-save. One notable gap for both brokers is watchlist symbol syncing—changes made on mobile don’t sync with the web platform.
For mobile trading, both HYCM and RoboForex earn 4 out of 5 stars. In ForexBrokers.com’s rankings out of 63 brokers, HYCM places higher at #38, while RoboForex sits at #44. If you want the same core mobile tools on iOS and Android, either broker will work well; if rankings matter in your decision, HYCM has a slight edge.
Feature |
HYCM (Henyep Capital Markets)
|
RoboForex
|
Android App
info
|
Yes
|
Yes
|
Apple iOS App
info
|
Yes
|
Yes
|
Mobile Alerts - Basic Fields
info
|
Yes
|
Yes
|
Watchlist Syncing
info
|
No
|
No
|
Mobile Charting - Indicators / Studies
info
|
30
|
30
|
Mobile Charting - Draw Trendlines
info
|
Yes
|
Yes
|
Mobile Charting - Multiple Time Frames
info
|
Yes
|
Yes
|
Mobile Charting - Drawings Autosave
info
|
Yes
|
Yes
|
Mobile Watchlist
info
|
Yes
|
Yes
|
Dive deeper: Best Forex Trading Apps.
Market research
Comparing HYCM (Henyep Capital Markets) vs RoboForex for market research, both brokers cover the essentials: daily market commentary, forex news from top-tier sources like Bloomberg/Reuters/Dow Jones, Trading Central analytics, and an economic calendar. Neither broker includes Autochartist, a sentiment tool showing long/short positioning, or TipRanks. Each earns a 3.5-star Research rating, with HYCM ranked #36 out of 63 and RoboForex close behind at #38 by ForexBrokers.com.
The key difference is that RoboForex adds research tools from Acuity Trading (e.g., Signal Centre), while HYCM does not. If you value Trading Central paired with extra trade ideas from Acuity, RoboForex may appeal; if you just want Trading Central plus premium news, daily commentary, and an economic calendar—with a slight edge in category ranking—HYCM is a solid pick.
Feature |
HYCM (Henyep Capital Markets)
|
RoboForex
|
Daily Market Commentary
info
|
Yes
|
Yes
|
Forex News (Top-Tier Sources)
info
|
Yes
|
Yes
|
Autochartist
info
|
No
|
No
|
Trading Central (Recognia)
info
|
Yes
|
Yes
|
Social Sentiment - Currency Pairs
info
|
No
|
No
|
TipRanks
info
|
No
|
No
|
Signal Centre (Acuity Trading)
info
|
No
|
Yes
|
Economic Calendar
info
|
Yes
|
Yes
|
Dive deeper: Best Brokers for Forex Research.
Beginners and education
HYCM (Henyep Capital Markets) vs RoboForex for beginner education: HYCM clearly offers more for new traders. HYCM provides a forex and CFD education library that meets the 10+ piece threshold, at least 10 beginner-focused video lessons, a searchable archive of recorded webinars, and an investor dictionary with 50+ terms. By contrast, RoboForex does not meet the 10-piece education minimum, lacks a searchable webinar archive, does not offer 10 beginner videos, and does not provide a large investor dictionary. Both brokers do not offer 10+ advanced videos for experienced traders.
If live learning is a priority, note that neither HYCM nor RoboForex hosts monthly educational webinars. Even so, HYCM is the stronger pick for beginners thanks to its broader learning tools. According to ForexBrokers.com, both are rated 3.5 stars for Education, yet HYCM ranks #32 out of 63 brokers while RoboForex ranks #57—reflecting HYCM’s deeper lineup for new traders.
Feature |
HYCM (Henyep Capital Markets)
|
RoboForex
|
Education (Forex or CFDs)
info
|
Yes
|
No
|
Client Webinars
info
|
No
|
No
|
Client Webinars (Archived)
info
|
Yes
|
No
|
Videos - Beginner Trading Videos
info
|
Yes
|
No
|
Videos - Advanced Trading Videos
info
|
No
|
No
|
Investor Dictionary (Glossary)
info
|
Yes
|
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 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.
FAQs
Can you trade cryptocurrency with HYCM (Henyep Capital Markets) or RoboForex?
Both HYCM (Henyep Capital Markets) and RoboForex offer trading in cryptocurrency derivatives, but neither provides the option to purchase actual (delivered) cryptocurrencies.
What funding options does each broker offer?
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.
announcementPlease 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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Overall Rating
|
HYCM (Henyep Capital Markets) |
RoboForex |
|
Overall Rating info
|
|
|
|
Commissions & Fees |
|
|
|
Range of Investments |
|
|
|
Platforms & Tools |
|
|
|
Mobile Trading |
|
|
|
Research |
|
|
|
Education |
|
|
|
Trust Score info
|
86
|
73
|
|
Winner |
check_circle
|
|
|
Review |
HYCM (Henyep Capital Markets) Review
|
RoboForex Review
|
|
Broker Screenshots
|
HYCM (Henyep Capital Markets) |
RoboForex |
|
Broker Gallery (click to expand) info
|
|
|
|
Regulation
|
HYCM (Henyep Capital Markets) |
RoboForex |
|
Trust Score info
|
86
|
73
|
|
Year Founded info
|
1977
|
2009
|
|
Publicly Traded (Listed) info
|
No
|
No
|
|
Bank info
|
No
|
No
|
|
Regulated in one or more EU or EEA countries (MiFID). info
|
No
info
|
Yes
info
|
|
Tier-1 Licenses info
|
2
|
1
|
|
Tier-2 Licenses info
|
1
|
0
|
|
Tier-3 Licenses info
|
0
|
0
|
|
Tier-4 Licenses info
|
1
|
2
|
|
Tier-1 Licenses (Highly Trusted)
|
HYCM (Henyep Capital Markets) |
RoboForex |
|
Australia (ASIC Authorised) info
|
No
|
No
|
|
Canada (CIRO Authorised) info
|
No
|
No
|
|
Hong Kong (SFC Authorised) info
|
Yes
|
No
|
|
Japan (SFC Authorised) info
|
No
|
No
|
|
Singapore (MAS Authorised) info
|
No
|
No
|
|
Switzerland (FINMA Authorised) info
|
|
|
|
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
|
Yes
info
|
|
Tier-2 Licenses (Trusted)
|
HYCM (Henyep Capital Markets) |
RoboForex |
|
Kenya (CMA Authorised) info
|
|
|
|
Israel (ISA Authorised) info
|
No
|
No
|
|
South Africa (FSCA Authorised) info
|
No
|
No
|
|
UAE (DFSA/Central Bank Authorised) info
|
Yes
|
No
|
|
India (SEBI Authorised) info
|
No
|
No
|
|
Jordan (JSC Authorised) info
|
|
|
|
Investments
|
HYCM (Henyep Capital Markets) |
RoboForex |
|
Forex Trading (Spot or CFDs) info
|
Yes
|
Yes
|
|
Tradeable Symbols (Total) info
|
1199
|
8400
|
|
Forex Pairs (Total) info
|
70
|
28
|
|
U.S. Stock Trading (Non CFD) info
|
Yes
|
No
|
|
Int'l Stock Trading (Non CFD) info
|
Yes
|
No
|
|
Social Trading / Copy Trading info
|
No
|
Yes
|
|
Cryptocurrency (Physical) info
|
No
|
No
|
|
Cryptocurrency (Derivative) 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).
|
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 info
|
1.2
info
|
1.3
info
|
|
All-in Cost EUR/USD - Active info
|
0.6
info
|
N/A
|
|
Active Trader or VIP Discounts info
|
Yes
|
Yes
|
|
Inactivity Fee info
|
No
|
Yes
|
|
Execution: Agency Broker info
|
Yes
|
Yes
|
|
Execution: Market Maker info
|
Yes
|
Yes
|
|
Funding
|
HYCM (Henyep Capital Markets) |
RoboForex |
|
Minimum Deposit info
|
$20
|
$100
|
|
PayPal (Deposit/Withdraw) info
|
No
|
Yes
|
|
Skrill (Deposit/Withdraw) info
|
Yes
|
Yes
|
|
Visa/Mastercard (Credit/Debit) info
|
Yes
|
Yes
|
|
Bank Wire (Deposit/Withdraw) info
|
Yes
|
Yes
|
|
ACH or SEPA Transfers info
|
No
|
Yes
|
|
Trading Platforms
|
HYCM (Henyep Capital Markets) |
RoboForex |
|
Proprietary Platform info
|
Yes
|
No
|
|
Desktop Platform (Windows) info
|
Yes
|
Yes
|
|
Web Platform info
|
Yes
|
Yes
|
|
Social Trading / Copy Trading info
|
No
|
Yes
|
|
MetaTrader 4 (MT4) info
|
Yes
|
Yes
|
|
MetaTrader 5 (MT5) info
|
Yes
|
Yes
|
|
cTrader info
|
No
|
No
|
|
DupliTrade info
|
No
|
No
|
|
ZuluTrade info
|
No
|
No
|
|
Trading Tools
|
HYCM (Henyep Capital Markets) |
RoboForex |
|
Virtual Trading (Demo) info
|
Yes
|
Yes
|
|
Alerts - Basic Fields info
|
Yes
|
Yes
|
|
Watchlists - Total Fields info
|
7
|
7
|
|
Charting - Indicators / Studies (Total) info
|
30
|
30
|
|
Charting - Drawing Tools (Total) info
|
15
|
15
|
|
Charting - Trade From Chart info
|
Yes
|
Yes
|
|
Charts can be saved info
|
Yes
|
Yes
|
|
Mobile Trading
|
HYCM (Henyep Capital Markets) |
RoboForex |
|
Android App info
|
Yes
|
Yes
|
|
Apple iOS App info
|
Yes
|
Yes
|
|
Mobile Alerts - Basic Fields info
|
Yes
|
Yes
|
|
Mobile Watchlist info
|
Yes
|
Yes
|
|
Watchlist Syncing info
|
No
|
No
|
|
Mobile Charting - Indicators / Studies info
|
30
|
30
|
|
Mobile Charting - Draw Trendlines info
|
Yes
|
Yes
|
|
Mobile Charting - Multiple Time Frames info
|
Yes
|
Yes
|
|
Mobile Charting - Drawings Autosave info
|
Yes
|
Yes
|
|
Mobile Economic Calendar info
|
Yes
|
Yes
|
|
Research
|
HYCM (Henyep Capital Markets) |
RoboForex |
|
Daily Market Commentary info
|
Yes
|
Yes
|
|
Forex News (Top-Tier Sources) info
|
Yes
|
Yes
|
|
Autochartist info
|
No
|
No
|
|
Trading Central (Recognia) info
|
Yes
|
Yes
|
|
TipRanks info
|
No
|
No
|
|
Social Sentiment - Currency Pairs info
|
No
|
No
|
|
Economic Calendar info
|
Yes
|
Yes
|
|
Education
|
HYCM (Henyep Capital Markets) |
RoboForex |
|
Education (Forex or CFDs) info
|
Yes
|
No
|
|
Client Webinars info
|
No
|
No
|
|
Client Webinars (Archived) info
|
Yes
|
No
|
|
Videos - Beginner Trading Videos info
|
Yes
|
No
|
|
Videos - Advanced Trading Videos info
|
No
|
No
|
|
Investor Dictionary (Glossary) info
|
Yes
|
No
|
|
Major Forex Pairs
|
HYCM (Henyep Capital Markets) |
RoboForex |
|
GBP/USD info
|
Yes
|
Yes
|
|
USD/JPY info
|
Yes
|
Yes
|
|
EUR/USD info
|
Yes
|
Yes
|
|
USD/CHF info
|
Yes
|
Yes
|
|
USD/CAD info
|
Yes
|
Yes
|
|
NZD/USD info
|
Yes
|
Yes
|
|
AUD/USD info
|
Yes
|
Yes
|
|
Review |
HYCM (Henyep Capital Markets) Review
|
RoboForex Review
|
|
Overall
|
HYCM (Henyep Capital Markets) |
RoboForex |
|
Overall Rating info
|
|
|
|
Commissions & Fees |
|
|
|
Range of Investments |
|
|
|
Platforms & Tools |
|
|
|
Mobile Trading |
|
|
|
Research |
|
|
|
Education |
|
|
|
Trust Score info
|
86
|
73
|
|
Winner |
check_circle
|
|
|
Review |
HYCM (Henyep Capital Markets) Review
|
RoboForex Review
|
|
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