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HYCM (Henyep Capital Markets) vs Spreadex 2026

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of HYCM (Henyep Capital Markets) vs Spreadex, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

HYCM (Henyep Capital Markets)
4/5 Stars Overall
  • Minimum Deposit: $20
  • Trust Score: 86
  • Tradeable Symbols (Total): 1199
Spreadex
4/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 71
  • Tradeable Symbols (Total): 10000

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Regulation

When comparing online brokers, HYCM (Henyep Capital Markets) and Spreadex offer distinct regulatory standings. Established in 1977, HYCM boasts a Trust Score of 86 according to ForexBrokers.com, indicating it is a trusted option in the market. It holds two Tier-1 licenses, which are highly regarded, along with one Tier-2 license, affording it a solid regulatory foundation. Despite not being publicly traded or a banking institution, HYCM's long-standing presence and regulatory coverage make it a reliable choice for online trading.

On the other hand, Spreadex, founded in 1999, carries a Trust Score of 71, placing it as an average-risk option according to ForexBrokers.com. It holds one Tier-1 license without any Tier-2 licenses, suggesting a more moderate level of regulatory trust. Like HYCM, Spreadex is neither publicly traded nor a bank. While both brokers are established and have their own regulatory merits, HYCM holds a stronger regulatory position, offering traders a more trusted environment based on its licensing and higher Trust Score.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Spreadex logoSpreadex
Year Founded info 1977 1999
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 2 1
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0

Fees

HYCM (Henyep Capital Markets) and Spreadex both deliver competitive pricing, but their fee structures differ. HYCM earns 4.5 out of 5 stars and ranks #18 out of 63 brokers for Commissions and Fees on ForexBrokers.com, while Spreadex scores 4 out of 5 stars and ranks #25 out of 63. If you’re comparing costs on EUR/USD, HYCM’s Raw account often undercuts Spreadex’s average, though Spreadex can match tight pricing part of the time.

HYCM’s pricing options include a Raw account with an all-in cost of about 0.6 pips on EUR/USD (after commission). Its Classic account uses a variable spread starting from 1.2 pips, and there’s also a fixed-spread account at 1.5 pips. This range gives traders a choice between potentially lower all-in costs with a commission (Raw) or simpler, spread-only pricing with higher starting spreads (Classic or Fixed).

Spreadex posted an average spread of 0.81 pips for EUR/USD in January 2024, with a minimum spread of 0.6 pips achieved 60% of the time during the month. In practice, HYCM’s Raw account can be cheaper at about 0.6 pips all-in, while Spreadex is competitive when its 0.6-pip minimum is available, though its monthly average was higher.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Spreadex logoSpreadex
Minimum Deposit info $20 $0
Average spread (EUR/USD) - Standard account info 1.3 info 0.81 info
All-in Cost EUR/USD - Active info 0.6 info N/A info
Non-wire bank transfer info No No
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes No
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

Comparing the range of investments, Spreadex offers far more breadth with about 10,000 tradeable symbols versus HYCM (Henyep Capital Markets) at 1,199. That said, HYCM provides more forex pairs (70 vs 52). Both brokers support forex trading as CFDs or spot, and each offers cryptocurrency CFDs.

For real shares, HYCM stands out by offering exchange traded securities on both U.S. and international exchanges, while Spreadex does not provide real stock dealing. Neither broker supports copy trading or delivered (actual) crypto. In third-party reviews by ForexBrokers.com, HYCM received 4 out of 5 stars and ranked 27th of 63 for Range of Investments, while Spreadex earned 5 out of 5 stars and ranked 13th.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Spreadex logoSpreadex
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1199 10000
Forex Pairs (Total) info 70 52
U.S. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes No
Copy Trading info No No
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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.

Trading platforms and tools

HYCM (Henyep Capital Markets) and Spreadex both offer free demo (paper) trading and their own proprietary platforms, along with convenient web-based platforms. HYCM also provides a Windows desktop download platform, while Spreadex does not. If you prefer MetaTrader, HYCM supports both MT4 and MT5; Spreadex does not offer either. Both brokers let you place trades directly from charts and neither offers copy trading. The number of built-in technical indicators and watch list fields for each broker isn’t specified.

For Trading Platforms and Tools, both HYCM and Spreadex earn 4 out of 5 stars. In ForexBrokers.com’s 2025 rankings, HYCM places #32 out of 63 brokers, while Spreadex ranks #34. If you need a Windows download or MetaTrader (MT4/MT5), HYCM stands out. If you trade mainly in the browser and don’t need MetaTrader, Spreadex remains a solid alternative.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Spreadex logoSpreadex
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes No
Web Platform info Yes Yes
Copy Trading info No No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes No
Charting - Indicators / Studies (Total) info 30 58
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

HYCM (Henyep Capital Markets) and Spreadex both offer iPhone and Android trading apps with price alerts. Neither app syncs watchlists between mobile and the web platform. For stock and forex charts, HYCM lists 30 technical studies, supports drawing trendlines, and auto-saves your drawings; Spreadex also supports trendlines but does not auto-save drawings and does not publish a count of technical studies. Both apps earned 4 out of 5 stars for mobile trading, with HYCM ranked #30 and Spreadex #33 out of 63 brokers by ForexBrokers.com.

Choosing between them comes down to chart tools and convenience. If you want more built-in indicators and saved annotations, HYCM has the edge; if you mainly need alerts and straightforward trading on iPhone or Android, Spreadex delivers the essentials.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Spreadex logoSpreadex
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info No No
Mobile Charting - Indicators / Studies info 30 N/A
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes No

Dive deeper: Best Forex Trading Apps.

Market research

HYCM (Henyep Capital Markets) and Spreadex both cover the essentials for market research: daily market commentary, forex news from top-tier sources (such as Bloomberg, Reuters, and Dow Jones), and an economic calendar. Neither broker includes research from TipRanks or tools from Acuity Trading. In ForexBrokers.com’s ratings, Spreadex edges ahead with 4 stars and a #27 ranking out of 63 brokers, while HYCM earns 3.5 stars and ranks #29.

The key differences lie in their tools. HYCM offers Trading Central for technical and fundamental insights, which Spreadex does not. Spreadex answers with Autochartist for chart pattern recognition and a sentiment tool showing long/short positioning—both missing at HYCM. Choose HYCM if you want Trading Central’s analysis; pick Spreadex if Autochartist scans and sentiment data are more important to your trading style.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Spreadex logoSpreadex
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central info Yes No
Client sentiment data info No Yes
TipRanks info No No
Acuity Trading info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

Comparing online brokers HYCM (Henyep Capital Markets) and Spreadex for beginner education, both offer at least 10 beginner-friendly educational videos on trading topics, giving newcomers a solid starting point. Neither broker hosts monthly educational webinars, and neither has 10 or more advanced videos, so live learning and deeper, expert content are limited.

For ratings, Spreadex scores 4 out of 5 stars for Education, while HYCM earns 3.5 stars. In ForexBrokers.com’s Education rankings out of 63 brokers, HYCM is placed at #27 and Spreadex at #33. If you want a beginner video library, both deliver; if you prefer a higher star rating, Spreadex leads, whereas HYCM holds the stronger category placement. Beginners should weigh these factors alongside the lack of monthly webinars and limited advanced video options.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Spreadex logoSpreadex
Webinars info No No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info No No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that HYCM (Henyep Capital Markets) is better than Spreadex. HYCM (Henyep Capital Markets) finished with an overall rank of #26, while Spreadex finished with an overall rank of #32.

HYCM is a trusted brand that offers a straightforward MetaTrader platform experience. Its Raw account delivers competitive pricing, and traders gain access to third-party modules from Trading Central as well as exchange-traded securities (available through a separate platform). That said, HYCM offers a narrow range of symbols to forex and CFD traders.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Spreadex logoSpreadex
Overall Rating info 4/5 Stars 4/5 Stars
Trust Score info 86 71
Range of Investments 4/5 Stars 5/5 Stars
Trading Fees 4.5/5 Stars 4/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with HYCM (Henyep Capital Markets) or Spreadex?

In an HYCM (Henyep Capital Markets) vs Spreadex comparison, neither broker lets you buy actual delivered cryptocurrencies, but both allow clients to buy/trade cryptocurrency CFDs.

What funding options does each broker offer?

Comparing HYCM (Henyep Capital Markets) vs Spreadex for deposits and withdrawals: both do not support ACH/SEPA or PayPal and both accept bank wire transfers, HYCM supports Skrill while Spreadex does not, and Visa/Mastercard availability is not specified for either broker.

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Overall Rating HYCM (Henyep Capital Markets) Spreadex
Overall Rating info 4/5 Stars 4/5 Stars
Trading Fees 4.5/5 Stars 4/5 Stars
Range of Investments 4/5 Stars 5/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 86 71
Winner check_circle
Review HYCM (Henyep Capital Markets) Review Spreadex Review
Broker Screenshots HYCM (Henyep Capital Markets) Spreadex
Broker Gallery (click to expand) info
HYCM MT5 desktop trading platform HYCM client portal Analyst Views market analysis HYCM YouTube channel videos.
Spreadex web platform. Spreadex research news headlines market analysis. Spreadex educational article risk management.
Regulation HYCM (Henyep Capital Markets) Spreadex
Trust Score info 86 71
Year Founded info 1977 1999
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info No info No info
Tier-1 Licenses info 2 1
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0
Tier-1 Licenses (Highly Trusted) HYCM (Henyep Capital Markets) Spreadex
Australia (ASIC Authorised) info No No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info Yes No
Japan (FSA Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info No info No info
Tier-2 Licenses (Trusted) HYCM (Henyep Capital Markets) Spreadex
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA, FSRA, or SCA Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments HYCM (Henyep Capital Markets) Spreadex
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1199 10000
Forex Pairs (Total) info 70 52
U.S. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes No
Copy Trading info No No
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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 HYCM (Henyep Capital Markets) Spreadex
Average spread (EUR/USD) - Standard account info 1.3 info 0.81 info
All-in Cost EUR/USD - Active info 0.6 info N/A info
Inactivity Fee info No No
Order execution: Agency info Yes No
Order execution: Market Maker info Yes Yes
Funding HYCM (Henyep Capital Markets) Spreadex
Minimum Deposit info $20 $0
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes No
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info No No
Trading Platforms HYCM (Henyep Capital Markets) Spreadex
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes No
Web Platform info Yes Yes
Copy Trading info No No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes No
cTrader info No No
Trading Tools HYCM (Henyep Capital Markets) Spreadex
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 30 58
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading HYCM (Henyep Capital Markets) Spreadex
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info No No
Mobile Charting - Indicators / Studies info 30 N/A
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes No
Mobile Research - Economic Calendar info Yes Yes
Research HYCM (Henyep Capital Markets) Spreadex
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central info Yes No
TipRanks info No No
Client sentiment data info No Yes
Economic Calendar info Yes Yes
Education HYCM (Henyep Capital Markets) Spreadex
Webinars info No No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info No No
Major Forex Pairs HYCM (Henyep Capital Markets) Spreadex
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review HYCM (Henyep Capital Markets) Review Spreadex Review
Overall HYCM (Henyep Capital Markets) Spreadex
Overall Rating info 4/5 Stars 4/5 Stars
Trading Fees 4.5/5 Stars 4/5 Stars
Range of Investments 4/5 Stars 5/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 86 71
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Review HYCM (Henyep Capital Markets) Review Spreadex Review
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