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 |
Saxo and HYCM both offer competitive forex pricing, but they cater to different trader profiles. For commissions and fees, Saxo is rated 5 stars and ranked #8 out of 63 brokers by ForexBrokers.com, while HYCM earns 4.5 stars and ranks #18. On EUR/USD, HYCM’s Raw account posts an all-in cost around 0.6 pips, which can be cheaper than Saxo’s spread-only tiers, whereas HYCM’s Classic (from 1.2 pips) and Fixed (1.5 pips) accounts are pricier.
Saxo is spread-only on forex (no commission), with an exception: if you trade under 50,000 units per month, a $3 per side ticket fee applies. As of November 2023, average EUR/USD spreads were 1.1 pips (Classic), 1.0 (Platinum), and 0.9 (VIP); minimums were roughly 0.2 pips lower (0.9, 0.8, and 0.7, respectively). The Classic account now has a $0 minimum deposit, Platinum requires $200,000 (AUD 300,000 in Australia for forex), and VIP typically requires $1,000,000—or a volume-based upgrade via Saxo’s loyalty program (e.g., about $40M in forex volume for Platinum or $167M for VIP, each valid for 12 months). Saxo also waives custody fees for share trading if you opt into securities lending.
HYCM’s value hinges on the Raw account: its ~0.6-pip all-in EUR/USD cost can beat Saxo’s Classic, Platinum, and even VIP average spreads, though it includes a commission. If you prefer simple, spread-only pricing with tiered discounts for large balances and high volume—plus extras tied to status—Saxo stands out. If you want a low all-in cost without large deposit requirements, HYCM’s Raw account is compelling, while its Classic and Fixed accounts are closer to Saxo’s entry-tier pricing.
| Feature |
Saxo
|
HYCM (Henyep Capital Markets)
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|---|---|---|
| Minimum Deposit | $0 | $20 |
| Average spread (EUR/USD) - Standard account | 1.0 | 1.3 |
| All-in Cost EUR/USD - Active | 0.8 | 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 as CFDs or spot contracts and both provide access to exchange-traded stocks on U.S. and international markets. The big difference is scale. Saxo lists about 71,000 tradeable symbols and 190 forex pairs, while HYCM offers roughly 1,199 symbols and 70 forex pairs.
Neither broker supports copy trading or buying actual cryptocurrencies, but each offers crypto CFDs. For range of investments, Saxo earns 5 stars and ranks #3 out of 63 brokers on ForexBrokers.com, reflecting its much broader selection. HYCM earns 4 stars and ranks #27, making it a solid choice if you need the basics, while Saxo suits traders and investors who want a wider menu of markets.
| Feature |
Saxo
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 71000 | 1199 |
| Forex Pairs (Total) | 190 | 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.
Comparing Saxo vs HYCM for trading platforms and tools: both brokers provide free demo (paper) accounts, proprietary platforms, Windows desktop downloads, and web-based platforms. Each also supports trading directly from charts. Neither offers copy trading. The biggest platform difference is third‑party support—HYCM offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while Saxo does not.
For overall platform quality, Saxo earns 5 out of 5 stars and ranks #3 out of 63 brokers for Trading Platforms and Tools on ForexBrokers.com, whereas HYCM scores 4 out of 5 stars and ranks #32. If you want MT4/MT5, HYCM fits the bill; if you prefer a highly rated proprietary experience, Saxo stands out. Both let you practice with a demo before trading live.
| 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) | 61 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Saxo and HYCM (Henyep Capital Markets) both offer mobile trading apps for iPhone and Android, and both support price alerts. Saxo stands out with watchlist syncing between the app and web platform, while HYCM does not sync watchlists. On ForexBrokers.com, Saxo’s mobile app holds a 5-star rating and ranks #3 out of 63 brokers; HYCM’s app is rated 4 stars and ranks #30. If you value higher ratings and smooth cross-device continuity, Saxo has the edge.
For charting, Saxo includes 64 technical studies compared to HYCM’s 30. Both apps let you draw trendlines and auto-save your drawings, keeping your notes in place between sessions. Traders who depend on a wider range of indicators may prefer Saxo, while HYCM covers the basics for straightforward analysis.
| 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 essentials for market research: daily market commentary, forex news from top-tier sources such as Bloomberg, Reuters, or Dow Jones, and a global economic calendar. Their toolsets differ from there. 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 integrate Trading Central. Neither broker provides TipRanks or tools from Acuity Trading.
Independent scores reflect this spread. ForexBrokers.com rates Saxo 5 out of 5 for Research and ranks it #1 out of 63 brokers, while HYCM earns 3.5 out of 5 and ranks #29. If you want pattern recognition and position sentiment alongside daily insights and premium news, Saxo stands out. If Trading Central’s analytics fit your workflow, HYCM is the alternative.
| 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.
Comparing Saxo and HYCM for beginner-friendly forex and CFD education, both brokers deliver a strong starting point with at least 10 beginner videos that explain core trading topics in plain language. Saxo goes further by running monthly educational webinars, giving newcomers a chance to learn live and ask questions, while HYCM does not offer monthly webinars. As you progress, Saxo also provides at least 10 advanced videos to deepen your skills; HYCM lacks an equivalent library of advanced video lessons.
Independent ratings reflect this difference in depth and support: Saxo earns 5 stars for Education and ranks #12 out of 63 brokers on ForexBrokers.com, whereas HYCM holds 3.5 stars and ranks #27. If you want a clear learning path—from beginner videos to advanced content plus regular webinars—Saxo is the better fit. If you only need basic video lessons to get started, HYCM can still meet that need.
| 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 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 (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 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) | 71000 | 1199 | |
| Forex Pairs (Total) | 190 | 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) - Standard account | 1.0 | 1.3 | |
| All-in Cost EUR/USD - Active | 0.8 | 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 | 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) | 61 | 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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