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 |
When comparing the online brokers Saxo and HYCM in terms of commissions and fees, Saxo brings exceptional pricing flexibility, especially benefiting active and high-volume traders. Saxo's EUR/USD spreads vary slightly depending on the account type, with Classic, Platinum, and VIP accounts offering average spreads of 1.1, 1.0, and 0.9 pips respectively. Particularly advantageous for more committed traders, Saxo's Platinum and VIP accounts, however, come in closer to the industry standard, whereas the Classic account is somewhat elevated. Notably, Saxo offers commission-free trading on forex, capitalizing instead on spreads, but traders handling less than 50,000 units per month encounter a $3 ticket fee per side. This broker is highly rated at 5 stars for commissions and fees and is ranked #9 out of 63 brokers by ForexBrokers.com.
HYCM delivers a notable performance with its Raw account, which offers an all-in cost of about 0.6 pips on the EUR/USD, showcasing competitive pricing. The Classic account at HYCM has a variable spread starting from 1.2 pips, and they also provide a fixed-spread account with a 1.5 pips rate. These flexible options cater to different trader preferences, balancing affordability with distinct pricing structures. HYCM secures a commendable 4.5-star rating for commissions and fees, placing it at the 15th position out of 63 brokers, based on rankings from ForexBrokers.com.
Ultimately, while both Saxo and HYCM offer robust options for traders, Saxo’s variety of account structures and the ability to leverage upgrades through its Loyalty Program deliver notable advantages to active and high-volume traders. On the other hand, HYCM shines with its simplified and competitive pricing strategy that equally serves different trading needs. Both brokers present diversified pricing strategies, ensuring that traders can find a model tailored to their trading volume and strategy. Saxo’s top-tier VIP luxury experience contrasts with HYCM’s straightforward and cost-effective structures, allowing traders to choose based on their trading style and investment goals.
| Feature |
Saxo
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $0 | $20 |
| Average Spread EUR/USD - Standard | 1.1 | 1.2 |
| All-in Cost EUR/USD - Active | 0.9 | 0.6 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to the breadth of investment options, Saxo and HYCM provide distinct offerings for traders and investors. Saxo stands out with a staggering 70,000 tradeable symbols, including 190 forex pairs, which gives traders a wide array of choices. In comparison, HYCM offers 1,199 tradeable symbols and 70 forex pairs, allowing for diversification but on a smaller scale. Both platforms support forex trading as CFDs or spot contracts and give clients access to exchange-traded securities on U.S. and international exchanges. Additionally, each broker provides access to cryptocurrency derivatives, although neither offers the purchase of actual cryptocurrencies.
Saxo enhances its investment range by offering copy trading, a feature HYCM does not provide, appealing to those looking to mirror the strategies of experienced traders. As a result of its expansive investment options, Saxo earns a 5-star rating for its range of investments and ranks #3 out of 63 in this category according to ForexBrokers.com. On the other hand, HYCM is rated 4 stars and ranks #33, indicating a more limited selection but still a respectable array of investment opportunities. Whether you prioritize a vast selection or simpler choices, both brokers cater to diverse investor needs.
| 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. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| 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.
When comparing Saxo and HYCM for their trading platforms and tools, both brokers offer a comprehensive range of features, but some key differences exist. Both Saxo and HYCM provide simulated trading through free virtual demo accounts and have developed their proprietary platforms. Traders using either service have access to Windows-based desktop platforms and web-based trading options. While both brokers do not support DupliTrade or ZuluTrade, Saxo stands out with its advanced copy trading feature, setting it apart from HYCM. Though Saxo does not offer MetaTrader 4 (MT4) or MetaTrader 5 (MT5), unlike HYCM, Saxo still delivers an excellent trading experience.
Saxo and HYCM both allow users to trade directly from stock charts, with Saxo offering 20 drawing tools compared to HYCM’s 15. In terms of watch list customization, Saxo provides 60 columns for fields, significantly more than HYCM's 7. These features contribute to Saxo's top-tier ranking as the #1 broker for Trading Platforms and Tools by ForexBrokers.com, earning 5 out of 5 stars. In contrast, HYCM, ranked #40, garners a respectable 4-star rating, proving it still meets many traders’ needs, especially with support for MetaTrader platforms. However, Saxo's comprehensive tools and customization features present traders with an unmatched trading platform experience.
| Feature |
Saxo
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 64 | 30 |
| Charting - Drawing Tools (Total) | 20 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 60 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Saxo and HYCM offer iPhone and Android apps, catering to traders on the go. When it comes to alerts, both platforms support stock or forex price notifications, ensuring you stay informed of market movements. However, a key difference lies in watchlist syncing; Saxo enables seamless syncing between mobile app and online account, while HYCM does not provide this feature. For chart enthusiasts, Saxo stands out by offering 64 technical studies, compared to HYCM's 30. Both platforms allow trendline drawing and multiple time frame views for charts, along with auto-saving these chart drawings.
Creating a watchlist with real-time quotes is possible on both Saxo and HYCM's mobile apps, making it easy to monitor your preferred stocks or forex pairs. However, when it comes to ratings, Saxo shines with a 5-star rating, ranking 2nd out of 63 brokers by ForexBrokers.com for mobile trading apps. In contrast, HYCM receives a 4-star rating and ranks 37th. These differences highlight Saxo's superior app features and recognition among users and experts in the field.
| Feature |
Saxo
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 64 | 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.
When comparing Saxo and HYCM for market research offerings, both brokers provide daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters. Saxo stands out by offering technical analysis tools from Autochartist, a sentiment-based trading tool, and an extensive economic calendar, which contribute to its highly-rated research capabilities. This emphasis on versatile tools and detailed insights has earned Saxo a top ranking by ForexBrokers.com.
In contrast, HYCM features technical analysis tools from Trading Central, another reputable provider. While lacking some of Saxo's specific tools, such as those from Autochartist or sentiment-based analytics, HYCM still provides essential resources like an economic calendar and forex news. However, its overall research offerings are rated lower, reflected in its #35 position among 63 brokers, compared to Saxo's top spot. These differences in available tools and quality of research resources are key factors for traders to consider when selecting a broker for informed decision-making.
| Feature |
Saxo
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, Saxo and HYCM (Henyep Capital Markets) offer comprehensive materials, but there are notable differences. Both platforms provide a range of educational pieces like articles, videos, and archived webinars primarily focused on forex and CFDs. Saxo further stands out by offering monthly online webinars specifically for clients, enhancing the learning experience. While both brokers have a searchable archive of previous webinars, Saxo provides more advanced educational content, including a suite of beginner and advanced videos designed to cater to both new and experienced traders.
An investor dictionary is available at both Saxo and HYCM, featuring a wide array of investing terms to boost the understanding of market terminology. However, Saxo outshines HYCM in its overall education rating, earning 5 stars compared to HYCM’s 3.5 stars. This distinction is reflected in their rankings, with Saxo holding the #13 spot while HYCM is ranked at #32 among 63 brokers for education by ForexBrokers.com. These factors make Saxo a more advantageous choice for those beginning their trading journey, especially if seeking a broader range of resources and learning opportunities, including advanced topics and live webinars.
| Feature |
Saxo
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
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)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 86 |
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Both Saxo and HYCM (Henyep Capital Markets) do not offer the ability to buy actual (delivered) cryptocurrency; however, both platforms provide the option to trade cryptocurrency derivatives.
In comparing Saxo to HYCM, both online brokers provide Visa/Mastercard and bank wire options for deposits and withdrawals, however, only HYCM supports Skrill, while neither offers ACH, SEPA transfers, nor PayPal.
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 | No | |
| 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) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| 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. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | Saxo | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.1 | 1.2 | |
| All-in Cost EUR/USD - Active | 0.9 | 0.6 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| 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 | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Saxo | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Saxo | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 60 | 7 | |
| Charting - Indicators / Studies (Total) | 64 | 30 | |
| Charting - Drawing Tools (Total) | 20 | 15 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 64 | 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 | Saxo | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Saxo | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Saxo | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| 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 | 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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