Written by ForexBrokers.com
In this head to head comparison of Saxo 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.
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Saxo and HYCM are two established online brokers, with foundational years of 1992 and 1977, respectively. While Saxo operates as a bank, HYCM does not hold banking status. Both companies remain privately held and are not listed on stock exchanges. In terms of regulatory standing, Saxo holds an edge with seven Tier-1 licenses and a perfect Trust Score of 99 from ForexBrokers.com, reflecting its high reliability. HYCM, with a Trust Score of 86, maintains a trusted position with two Tier-1 licenses, ensuring a solid level of confidence for traders.
When comparing regulatory assurances, Saxo's position is bolstered by its higher number of top-tier licenses, indicating greater compliance with strict regulatory standards. Both brokers possess one Tier-2 license each, which adds an additional layer of credibility. These factors make Saxo a more secure choice from a regulatory perspective, though HYCM remains a viable option for those seeking a trusted brokerage service.
| Feature |
Saxo
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 1992 | 1977 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
Comparing commissions and fees, Saxo is best suited to active or high-balance traders, while HYCM stands out with its Raw account. Saxo earns 5/5 stars and ranks #9 out of 63 for Commissions and Fees; HYCM earns 4.5/5 stars and ranks #16 out of 63. On EUR/USD, HYCM’s Raw account delivers an all-in cost around 0.6 pips (after commission). HYCM’s Classic account has variable spreads from 1.2 pips, and its fixed-spread account is 1.5 pips.
At Saxo (as of November 2023), average EUR/USD spreads were 1.1 pips on the Classic account, 1.0 on Platinum, and 0.9 on VIP, with minimums roughly 0.2 pips below those averages (e.g., Classic minimum 0.9). Forex trading is commission-free, though trading under 50,000 units per month triggers a $3-per-side ticket fee. Saxo also waives custody fees on share trading if you opt into securities lending. Account tiers influence pricing: Classic has a $0 minimum deposit; Platinum requires $200,000 (AUD 300,000 in Australia) or a Loyalty upgrade (e.g., about $40M in forex volume for a 12-month upgrade); VIP requires a $1,000,000 deposit or qualifying via about $167M in forex volume for a 12-month upgrade.
Bottom line: HYCM’s Raw account can be cheaper on headline EUR/USD pricing (about 0.6 pips all-in) compared with Saxo’s VIP average of 0.9 pips, while HYCM’s Classic and fixed-spread options are higher than Saxo’s averages. For traders able to maintain larger balances or generate higher volumes, Saxo’s tiered pricing can be very compelling, alongside its commission-free forex model and potential custody-fee waiver on shares. Ratings and rankings: Saxo — 5/5 stars, #9/63; HYCM — 4.5/5 stars, #16/63.
| Feature |
Saxo
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $0 | $20 |
| Average spread (EUR/USD) - Standard account | 1.1 | 1.2 |
| All-in Cost EUR/USD - Active | 0.9 | 0.6 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Saxo vs HYCM (Henyep Capital Markets): Both brokers let you trade forex via CFDs or spot contracts and provide access to exchange-traded shares on U.S. and international exchanges. Saxo stands out for sheer breadth with about 70,000 tradeable symbols and 190 forex pairs, plus copy trading and cryptocurrency CFDs (but not actual crypto). HYCM offers a smaller yet diverse lineup with 1,199 symbols and 70 forex pairs, and it also supports crypto CFDs while not offering delivered crypto. Note: HYCM does not offer copy trading.
For range of investments, ForexBrokers.com rates Saxo at 5 stars and ranks it #3 out of 63 brokers, while HYCM earns 4 stars and ranks #34. In short, Saxo suits traders who want the widest market access and copy trading, whereas HYCM is a fit for those who prefer a leaner selection focused on core markets.
| Feature |
Saxo
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 70000 | 1199 |
| Forex Pairs (Total) | 190 | 70 |
| U.S. Stocks (Shares) | Yes | Yes |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | Yes | 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). | 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.
Saxo vs HYCM: Both brokers offer free demo accounts for paper trading, proprietary platforms, Windows desktop downloads, and web-based platforms. Each lets you place trades directly from charts. Saxo adds copy trading, while HYCM does not. That’s a key difference if you want to mirror other traders’ strategies.
Platform lineup also diverges: HYCM supports MetaTrader 4 and MetaTrader 5, but Saxo does not. Despite that, Saxo earns higher marks for trading platforms and tools—5 stars and the #1 rank out of 63 brokers at ForexBrokers.com—compared with HYCM’s 4 stars and #41 rank. If you value copy trading and top-rated in-house software, Saxo stands out; if you need MT4/MT5 compatibility, HYCM is the better fit. Details on indicator counts and watchlist fields were not provided.
| Feature |
Saxo
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 64 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Saxo and HYCM (Henyep Capital Markets) offer mobile trading apps for iPhone and Android. You can set stock or forex price alerts with either app, draw trendlines on charts, and your drawings auto‑save. The key difference is watchlists: Saxo syncs your watchlist between the mobile app and your online account, while HYCM does not.
For charting tools, Saxo provides 64 technical studies on mobile versus HYCM’s 30. That gap aligns with independent reviews: ForexBrokers.com rates Saxo’s mobile app 5 stars and ranks it #2 out of 63 brokers, while HYCM earns 4 stars and ranks #38. If you want advanced charting and synced watchlists, Saxo has the edge; if you just need a straightforward app with alerts and drawing tools on both iPhone and Android, HYCM covers the essentials.
| Feature |
Saxo
|
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 | 64 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Saxo and HYCM (Henyep Capital Markets) both cover the basics well for market research: each provides daily market commentary, an economic calendar, and forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones. Where they differ is in overall recognition and score. Saxo earns 5 stars for Research and ranks #1 out of 63 brokers on ForexBrokers.com, while HYCM holds 3.5 stars and ranks #36.
Toolsets also set them apart. Saxo includes Autochartist and a sentiment tool that shows long/short positioning across instruments. HYCM does not offer Autochartist or a sentiment gauge, but it does include Trading Central’s research suite (which Saxo does not). Neither broker features TipRanks or Acuity Trading tools. In short, choose Saxo if you want sentiment data and Autochartist alongside top-rated research; pick HYCM if Trading Central is a must-have within your workflow.
| Feature |
Saxo
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | No | Yes |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
If you’re just getting started with forex or CFD trading, both Saxo and HYCM offer beginner-focused videos—each provides at least ten lessons that cover the basics. Saxo goes further with a steady schedule of client webinars (at least once a month) and a wide range of advanced videos, making it easier to progress from first steps to more complex strategies. HYCM, while it meets the mark for beginner videos, does not host monthly educational webinars and doesn’t match Saxo’s depth for advanced video lessons.
These differences show up in independent reviews: Saxo earns 5 stars for Education and ranks 13th out of 63 brokers at ForexBrokers.com, while HYCM scores 3.5 stars and ranks 32nd. For newcomers who want a clear learning path and live sessions to ask questions, Saxo is the stronger pick; if you only need basic video lessons to get started, HYCM can cover those needs.
| Feature |
Saxo
|
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 Saxo is better than HYCM (Henyep Capital Markets). Saxo finished with an overall rank of #3, while HYCM (Henyep Capital Markets) finished with an overall rank of #29.
Saxo is an exclusive multi-asset broker with brilliant research and a superb trading platform experience – as well as a stunning selection of over 40,000 securities.
| Feature |
Saxo
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HYCM (Henyep Capital Markets)
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|---|---|---|
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| Trust Score | 99 | 86 |
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In a Saxo vs HYCM (Henyep Capital Markets) comparison, neither broker allows buying actual (delivered) cryptocurrencies, but both provide access to cryptocurrency CFDs for trading exposure.
In a Saxo vs HYCM (Henyep Capital Markets) funding comparison, both brokers support bank wire deposits/withdrawals and do not offer ACH/SEPA or PayPal, while HYCM additionally supports Skrill (Saxo does not); Visa/Mastercard availability is not specified.
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 | Saxo | HYCM (Henyep Capital Markets) | |
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| Trust Score | 99 | 86 | |
| Winner | check_circle | ||
| Review | Saxo Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | Saxo | HYCM (Henyep Capital Markets) | |
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| Regulation | Saxo | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trust Score | 99 | 86 | |
| Year Founded | 1992 | 1977 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Saxo | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | Yes | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | ||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Saxo | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Saxo | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 70000 | 1199 | |
| Forex Pairs (Total) | 190 | 70 | |
| U.S. Stocks (Shares) | Yes | Yes | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | Yes | 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). | 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 | Saxo | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.1 | 1.2 | |
| All-in Cost EUR/USD - Active | 0.9 | 0.6 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Saxo | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | $0 | $20 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | Saxo | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | Saxo | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 64 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Saxo | 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 | 64 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Saxo | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Saxo | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | Saxo | 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 | Saxo Review | HYCM (Henyep Capital Markets) Review |
| Overall | Saxo | HYCM (Henyep Capital Markets) | |
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| Trust Score | 99 | 86 | |
| Winner | check_circle | ||
| Review | Saxo Review | HYCM (Henyep Capital Markets) Review |
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