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 | 1.2 | 0.81 |
| All-in Cost EUR/USD - Active | 0.6 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
HYCM (Henyep Capital Markets) and Spreadex both support forex trading (CFDs or spot) and offer crypto exposure via derivatives, not actual coins. Neither provides copy trading. For overall breadth, Spreadex leads with around 10,000 tradeable instruments versus HYCM’s 1,199. That said, HYCM offers more currency pairs (70 vs 52), which can benefit active forex traders.
When it comes to real shares, HYCM has the edge: you can buy exchange-traded securities on U.S. and international exchanges (such as Apple and Vodafone), while Spreadex does not offer real shares. For range of investments, HYCM is rated 4 out of 5 stars and ranks 34th out of 63 brokers, whereas Spreadex scores 5 out of 5 stars and ranks 14th. In short, pick Spreadex for the widest overall market selection, and HYCM if you want real U.S. and global shares alongside a strong lineup of forex pairs.
| 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. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | No |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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 accounts and their own in-house trading platforms, along with web-based trading. HYCM stands out for platform choice: it supports a Windows desktop download and offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5), which Spreadex does not. Neither broker provides copy trading, DupliTrade, or ZuluTrade.
For charting and workflow, HYCM provides 15 drawing tools versus 11 at Spreadex, and both let you place trades directly from charts. Watchlists are flexible on both platforms, with HYCM offering 7 columns and Spreadex 8. In ForexBrokers.com’s Trading Platforms and Tools category, both earn 4 stars; HYCM ranks #41 of 63 brokers, while Spreadex ranks #47. If you want MT4/MT5 or a downloadable Windows platform, HYCM is the better fit; if you prefer a straightforward proprietary web platform with slightly more watchlist fields, Spreadex is a solid alternative.
| Feature |
HYCM (Henyep Capital Markets)
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 58 |
| Charting - Drawing Tools (Total) | 15 | 11 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 8 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both HYCM (Henyep Capital Markets) and Spreadex offer mobile trading apps for iPhone and Android. Each app supports price alerts and lets you build watchlists with real-time quotes. One notable gap for both is watchlist symbol syncing: changes you make on mobile do not sync with your online account.
For charting, HYCM’s mobile app lists 30 technical studies, while Spreadex does not publish a count. Both apps let you draw trendlines and switch between multiple time frames, but only HYCM auto-saves your drawings. Each platform holds a 4-star mobile rating; however, ForexBrokers.com ranks HYCM at #38 and Spreadex at #47 out of 63 brokers. If you value more chart tools and saved annotations, HYCM’s mobile app has the edge; if you want straightforward trading with alerts and watchlists, Spreadex still covers the basics.
| Feature |
HYCM (Henyep Capital Markets)
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
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 | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners at HYCM (Henyep Capital Markets) and Spreadex, both online brokers provide a wealth of information to help new traders get started. They both offer over 10 educational pieces, such as articles and videos, focused primarily on forex and CFDs. While neither broker offers monthly online webinars, HYCM goes a step further by providing a searchable archive of previously recorded client webinars, giving users access to past learning sessions at their convenience. Additionally, both HYCM and Spreadex support beginners with over 10 introductory videos each, making sure newcomers have a solid foundation in trading basics.
In terms of resources for more advanced traders, neither broker delivers a series of advanced educational videos. Both, however, present an investor dictionary covering over 50 key investing terms to back up both beginner and intermediate traders' understanding. Although Spreadex is rated slightly higher with 4 stars for education compared to HYCM's 3.5 stars, HYCM ranks better in the Education category according to ForexBrokers.com, landing at #32 out of 63 brokers, whereas Spreadex holds the #45 spot. This comparison highlights subtle differences in the educational approaches of HYCM and Spreadex, catering to various trader needs and preferences.
| Feature |
HYCM (Henyep Capital Markets)
|
Spreadex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | Yes |
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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HYCM (Henyep Capital Markets) and Spreadex both provide options for purchasing cryptocurrency derivatives but do not offer the ability to buy actual delivered cryptocurrencies.
When comparing online brokers HYCM (Henyep Capital Markets) and Spreadex, neither offers ACH or SEPA transfers or PayPal as options for depositing or withdrawing funds; however, both provide Visa or Mastercard and bank wire options, with HYCM also accepting Skrill, which Spreadex does not.
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 (SFC 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. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | No | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | 1.2 | 0.81 | |
| All-in Cost EUR/USD - Active | 0.6 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| 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 | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | HYCM (Henyep Capital Markets) | Spreadex | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | HYCM (Henyep Capital Markets) | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 8 | |
| Charting - Indicators / Studies (Total) | 30 | 58 | |
| Charting - Drawing Tools (Total) | 15 | 11 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | HYCM (Henyep Capital Markets) | Spreadex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | Spreadex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | Spreadex | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| 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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