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 | 1.2 |
| All-in Cost EUR/USD - Raw spread account | N/A | 1.0 |
| 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 choice of simulated paper trading, as well as their own in-house platforms, desktop downloads for Windows, and web-based platforms. Both also let users trade directly from charts, which can make order entry quicker and easier. Neither broker offers copy trading, so if that feature matters to you, you will need to look elsewhere.
The main difference is that HYCM supports both MetaTrader 4 and MetaTrader 5, while Saxo does not offer either platform. That can make HYCM a better fit for traders who prefer the MetaTrader setup. Still, Saxo gets the edge overall for trading platforms and tools, with a 5-star rating and a ForexBrokers.com ranking of #3 out of 36 brokers, compared with HYCM’s 4 stars and #35 ranking.
| 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 make it easy to trade on the go with iPhone and Android apps, plus both support stock and forex price alerts. Each app also lets users draw trendlines on charts and saves those drawings automatically, which is helpful for checking setups later. In this part of the comparison, the two brokers share a solid set of core mobile features that should work well for everyday trading.
Where Saxo pulls ahead is in charting and account syncing. Its mobile app offers 64 technical studies, compared with 30 at HYCM, and Saxo also syncs watchlists between the app and online account while HYCM does not. That extra convenience helps keep trading lists up to date across devices. Saxo is also rated 5 stars for mobile trading apps and ranks #3 out of 36 brokers by ForexBrokers.com, while HYCM is rated 4 stars and ranks #33, making Saxo the stronger choice overall for mobile trading.
| 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 with key global events. However, Saxo goes further with Autochartist tools for technical and fundamental analysis, while HYCM does not offer Autochartist. On the other hand, HYCM includes Trading Central research tools, which Saxo does not. Neither broker provides sentiment tools, TipRanks research, or Acuity Trading features such as Signal Centre.
When it comes to market research, Saxo clearly has the edge overall. It earns a 5-star Research rating and ranks #1 out of 36 brokers at ForexBrokers.com, while HYCM is rated 3.5 stars and ranks #32. For traders who want a wider mix of research features and stronger overall analysis support, Saxo is the better choice, though HYCM still covers the basics well and stands out with Trading Central.
| 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.
For beginners looking for trading education, Saxo comes out ahead of HYCM (Henyep Capital Markets). Saxo offers forex and CFDs learning content, monthly educational webinars, at least 10 beginner trading videos, and also at least 10 advanced videos for more experienced traders. That wider mix helps new traders start with the basics and continue learning as their skills improve. HYCM also offers beginner trading videos and forex or CFDs education, but it does not provide monthly client webinars and does not match Saxo’s range of advanced video content.
In third-party ratings, Saxo earns 5 out of 5 stars for Education and ranks #12 out of 36 brokers at ForexBrokers.com, while HYCM receives 3.5 out of 5 stars and ranks #28 out of 36. For traders who want more beginner-friendly learning tools, more live webinar access, and a broader library of trading videos, Saxo is the stronger choice for education 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 | 1.2 | |
| All-in Cost EUR/USD - Raw spread account | N/A | 1.0 | |
| 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 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) | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| 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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