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 (founded 1992) and HYCM (Henyep Capital Markets, founded 1977) are online brokers with different profiles. Neither broker is publicly traded. Saxo is a bank, while HYCM is not.
Looking at regulatory information, ForexBrokers.com notes that Tier-1 licenses are the most trusted. Saxo holds 7 Tier-1 licenses and 1 Tier-2 license, and earns a 99/99 Trust Score (90–99 = highly trusted). HYCM holds 2 Tier-1 licenses and 1 Tier-2 license, with an 85/99 Trust Score (80–89 = trusted).
| 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 |
Saxo stands out for its low-cost pricing, especially for active traders, high-volume traders, and clients with larger balances. Its forex trading is generally commission-free, though accounts trading under 50,000 units per month are charged a $3 ticket fee per side. In November 2023, average EUR/USD spreads were 1.1 pips for Classic, 1.0 pips for Platinum, and 0.9 pips for VIP. Saxo is rated 5 stars for commissions and fees and ranks #8 out of 36 brokers in this category.
HYCM (Henyep Capital Markets) also offers competitive pricing, but it is not as cheap overall as Saxo. Its Raw account has an estimated all-in EUR/USD cost of about 0.6 pips after commission, while the Classic account starts from 1.2 pips on a variable spread basis. HYCM also has a fixed-spread account at 1.5 pips. HYCM is rated 4.5 stars for commissions and fees and ranks #18 out of 36 brokers.
Overall, Saxo is the better choice for commissions and fees, especially for traders who can qualify for lower-tier pricing through higher balances or trading volume. HYCM can still be a good option for traders looking for straightforward account choices, but Saxo offers the stronger mix of lower spreads and better overall pricing.
| Feature |
Saxo
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $0 | $20 |
| Average spread (EUR/USD) - Spread-only account | 1.0 | 1.3 |
| All-in Cost EUR/USD - Raw spread account | N/A | 0.6 |
| Non-wire bank transfer (Deposit/Withdraw) | 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 and HYCM (Henyep Capital Markets) both give traders access to forex as CFDs or spot contracts, plus exchange-traded securities on U.S. and international exchanges. They also both offer cryptocurrency CFDs, but neither lets clients buy actual delivered crypto or use copy trading. Where Saxo stands out is scale: it lists about 71,000 tradeable symbols and 192 forex pairs, while HYCM offers 1,199 symbols and 70 forex pairs.
In simple terms, Saxo offers a much wider choice of markets and is rated 5 out of 5 for range of investments, with a ForexBrokers.com ranking of #3 out of 36 brokers. HYCM still gives traders a solid mix of major asset classes, but its selection is smaller, earning 4 out of 5 stars and a #28 ranking. If you want the broader menu of investments, Saxo is the stronger pick; if you want a more limited but still useful range, HYCM covers the basics.
| Feature |
Saxo
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 71000 | 1199 |
| Forex Pairs (Total) | 192 | 70 |
| 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). | 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 and HYCM both give traders a solid set of platform choices, including a free demo account, their own in-house platform, a Windows desktop app, and a web-based platform. Both also let users trade directly from charts, but neither offers copy trading. For charting tools and watch lists, the available details are not specified here, so a side-by-side comparison on those features is limited.
The biggest difference is support for MetaTrader: HYCM offers both MT4 and MT5, while Saxo does not. That helps explain why Saxo is rated higher overall for trading platforms and tools, with 5 stars and a ForexBrokers.com ranking of #3 out of 36 brokers, compared with HYCM’s 4 stars and #33 ranking. In simple terms, Saxo stands out for its own platform experience, while HYCM may appeal more to traders who want MetaTrader access.
| 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 | No | 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.
Saxo and HYCM both give traders mobile apps for iPhone and Android, plus price alerts, trendline drawing, and auto-saving chart drawings. In other words, both brokers make it easy to trade and track markets from a phone. But Saxo has the edge in a few key areas that matter for everyday use, especially for traders who want their mobile app to stay closely linked with their online account.
The biggest difference is watchlist syncing, which Saxo offers and HYCM does not. Saxo also provides more chart tools, with 64 technical studies compared with HYCM’s 30. That extra range can help traders do more detailed analysis on the go. These strengths are reflected in outside ratings too: Saxo earns 5 out of 5 stars for Mobile Trading Apps and ranks #3 out of 36 brokers by ForexBrokers.com, while HYCM is rated 4 out of 5 stars and ranks #31.
| 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 both give traders daily market commentary, forex news from major sources like Bloomberg and Reuters, and an economic calendar for tracking key global events. That means each broker provides the basics you would expect for staying up to date on the markets. Neither broker includes sentiment tools, TipRanks, or Acuity Trading research features, so those options are not part of either platform’s research lineup.
Where Saxo stands out is in its extra research depth, thanks to Autochartist tools that help with technical and fundamental analysis. HYCM, by contrast, offers Trading Central tools such as Technical Analytics, which Saxo does not. Even with both brokers covering core market research needs, Saxo is rated 5 stars for Research and ranks #1 out of 36 brokers at ForexBrokers.com, while HYCM is rated 3.5 stars and ranks #30, making Saxo the stronger choice overall for market research.
| 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 | No | No |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing Saxo and HYCM (Henyep Capital Markets) for beginner-friendly learning resources, Saxo comes out ahead overall. Saxo offers forex and CFDs education with at least 10 dedicated pieces, runs online educational client webinars at least once a month, and provides 10 or more beginner videos as well as 10 or more advanced videos. This makes Saxo a stronger choice for new traders who want a wider mix of lessons, videos, and live learning support. It is also rated 5 stars for Education and ranks #12 out of 36 brokers in the Education category on ForexBrokers.com.
HYCM also offers at least 10 beginner videos and provides forex or CFDs education, but it falls behind Saxo in a few important areas for beginners. HYCM does not offer monthly educational webinars and does not have at least 10 advanced educational videos, which may matter for traders looking to keep learning as they gain experience. Its Education score is 3.5 stars, and it ranks #27 out of 36 brokers, so while it does give beginners a starting point, Saxo offers a more complete educational experience overall.
| 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 #26.
Saxo is a 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 | 85 |
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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 | 85 | |
| 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 | 85 | |
| 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) | No | Yes | |
| Japan (FSA 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 CMA 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) | 71000 | 1199 | |
| Forex Pairs (Total) | 192 | 70 | |
| 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). | 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) - Spread-only account | 1.0 | 1.3 | |
| All-in Cost EUR/USD - Raw spread account | N/A | 0.6 | |
| Inactivity Fee | No | 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 (Deposit/Withdraw) | 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 | No | 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 | No | 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 | 85 | |
| Winner | check_circle | ||
| Review | Saxo Review | HYCM (Henyep Capital Markets) Review |
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