Written by ForexBrokers.com
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.
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.
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)
|
Spreadex
|
|---|---|---|
| Year Founded | 1977 | 1999 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
Comparing commissions and fees, HYCM (Henyep Capital Markets) tends to be cheaper on EUR/USD if you choose its Raw account: the all-in cost is about 0.6 pips after commission. Spreadex reported an average EUR/USD spread of 0.81 pips in January 2024, with a minimum spread of 0.6 pips reached 60% of the time that month. In short, HYCM’s tight Raw pricing edges out Spreadex on typical costs, while Spreadex can match 0.6 pips much of the time.
HYCM offers three pricing styles: the Raw account (about 0.6 pips all-in on EUR/USD after commission), the Classic account with a variable spread from 1.2 pips, and a fixed-spread account at 1.5 pips. For commissions and fees, HYCM earns 4.5 out of 5 stars and ranks #16 out of 63 brokers at ForexBrokers.com.
Spreadex’s pricing centers on spreads with no separate commission on forex: the average EUR/USD spread was 0.81 pips in January 2024, and the minimum 0.6 pips appeared 60% of the time. For commissions and fees, Spreadex is rated 4 out of 5 stars and ranks #28 out of 63 brokers. If you value a low, steady all-in cost, HYCM’s Raw account may appeal; if you’re comfortable with spread-only pricing that often hits 0.6 pips, Spreadex is also competitive.
| Feature |
HYCM (Henyep Capital Markets)
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $20 | $0 |
| Average spread (EUR/USD) - Standard account | 1.2 | 0.81 |
| All-in Cost EUR/USD - Active | 0.6 | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
HYCM (Henyep Capital Markets) and Spreadex both support forex trading, offered as CFDs or spot, and each provides access to cryptocurrency via CFDs (not the actual coins). HYCM lists 1,199 tradeable symbols with 70 forex pairs, while Spreadex offers 10,000 markets with 52 forex pairs. Neither broker includes copy trading, and neither lets you buy delivered crypto.
The big split is share dealing: HYCM lets clients buy exchange-traded shares on U.S. and international exchanges (not just CFDs), while Spreadex does not offer exchange-traded shares. For range of investments, ForexBrokers.com rates Spreadex at 5 stars (ranked 14th of 63) and HYCM at 4 stars (ranked 34th of 63). Pick HYCM if you want real share ownership alongside many currency pairs; pick Spreadex if you want the widest overall list of CFD markets.
| Feature |
HYCM (Henyep Capital Markets)
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 10000 |
| Forex Pairs (Total) | 70 | 52 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| 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.
HYCM (Henyep Capital Markets) and Spreadex both offer free demo (paper) accounts and their own proprietary trading platforms. Each broker provides a web-based platform and supports trading directly from charts. HYCM also offers a Windows desktop download and supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), while Spreadex does not offer a Windows desktop platform and does not support MT4 or MT5. Neither broker offers copy trading. Both include charting tools and watchlists to help you analyze markets and track instruments.
For Trading Platforms and Tools, both HYCM and Spreadex earn 4 stars from ForexBrokers.com. In the category ranking out of 63 brokers, HYCM is placed #41, while Spreadex ranks #47. If you want MetaTrader or a traditional Windows desktop platform, HYCM is the better fit; if you prefer trading in a browser on a proprietary platform with chart trading, either broker can work.
| Feature |
HYCM (Henyep Capital Markets)
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Copy Trading | No | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 30 | 58 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
HYCM (Henyep Capital Markets) and Spreadex both offer iPhone and Android trading apps with stock and forex price alerts. Neither app syncs watchlists with your online account. Both let you draw trendlines on charts; HYCM’s app saves your drawings automatically, while Spreadex’s app does not.
For mobile charting, HYCM includes 30 built-in technical studies, whereas Spreadex does not publish a count. Both apps earn 4 out of 5 stars for mobile trading, but in ForexBrokers.com’s rankings of 63 brokers, HYCM placed 38th versus Spreadex at 47th. If you value a wider set of indicators and autosaving chart annotations on mobile, HYCM may suit you; if you only need the basics with alerts on both iOS and Android, Spreadex remains a straightforward option.
| Feature |
HYCM (Henyep Capital Markets)
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
Comparing HYCM (Henyep Capital Markets) and Spreadex for market research: both deliver daily market commentary, real-time forex news from top-tier sources such as Bloomberg, Reuters, or Dow Jones, and a helpful economic calendar. The key differences are in the extra tools. Spreadex includes Autochartist for pattern spotting and a sentiment gauge that shows the ratio of long vs. short positions, while HYCM integrates Trading Central for technical and fundamental insights. Neither broker offers TipRanks or Acuity Trading tools.
If you value client sentiment and automated pattern scans, Spreadex has the edge; if you prefer Trading Central’s trade ideas and analysis, HYCM is appealing. Ratings reflect this: HYCM earns 3.5 out of 5 stars for Research and ranks 36th out of 63 brokers at ForexBrokers.com, while Spreadex scores 4 out of 5 stars and ranks 32nd. Both cover the essentials—daily commentary, trusted news, and an easy-to-read calendar—so the choice comes down to which add-ons you find more useful.
| Feature |
HYCM (Henyep Capital Markets)
|
Spreadex
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central | Yes | No |
| Client sentiment data | No | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners, HYCM (Henyep Capital Markets) and Spreadex both lean on video-based learning. Each provides at least 10 beginner-friendly videos on trading topics, making it easier to grasp forex and CFD basics. However, neither brand runs monthly educational webinars, and neither offers a deep catalog of advanced videos for experienced traders.
When it comes to ratings, Spreadex earns 4 out of 5 stars for Education, while HYCM scores 3.5 out of 5. Still, HYCM places higher in ForexBrokers.com’s Education ranking (#32 of 63) than Spreadex (#45 of 63). If you want a broker with a slightly better overall standing in the Education category, HYCM edges ahead; if you prefer a higher education star rating, Spreadex is the pick.
| Feature |
HYCM (Henyep Capital Markets)
|
Spreadex
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
Dive deeper: Best Forex Brokers for Beginners.
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 #29, while Spreadex finished with an overall rank of #39.
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)
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Spreadex
|
|---|---|---|
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| Trust Score | 86 | 71 |
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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.
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.
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 | HYCM (Henyep Capital Markets) | Spreadex | |
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| Trust Score | 86 | 71 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | Spreadex Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | Spreadex | |
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| Regulation | HYCM (Henyep Capital Markets) | Spreadex | |
|---|---|---|---|
| Trust Score | 86 | 71 | |
| Year Founded | 1977 | 1999 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | HYCM (Henyep Capital Markets) | Spreadex | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| 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). | No | No |
| Tier-2 Licenses (Trusted) | HYCM (Henyep Capital Markets) | Spreadex | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | HYCM (Henyep Capital Markets) | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1199 | 10000 | |
| Forex Pairs (Total) | 70 | 52 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| 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 | HYCM (Henyep Capital Markets) | Spreadex | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.2 | 0.81 | |
| All-in Cost EUR/USD - Active | 0.6 | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | HYCM (Henyep Capital Markets) | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $20 | $0 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | HYCM (Henyep Capital Markets) | Spreadex | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No |
| Trading Tools | HYCM (Henyep Capital Markets) | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 58 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | HYCM (Henyep Capital Markets) | Spreadex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | HYCM (Henyep Capital Markets) | Spreadex | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central | Yes | No | |
| TipRanks | No | No | |
| Client sentiment data | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | Spreadex | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | Spreadex | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | HYCM (Henyep Capital Markets) Review | Spreadex Review |
| Overall | HYCM (Henyep Capital Markets) | Spreadex | |
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| Trust Score | 86 | 71 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | Spreadex Review |
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