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.
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HYCM (Henyep Capital Markets), founded in 1977, and Spreadex, founded in 1999, are both online brokers that are private companies and not banks. On ForexBrokers.com’s 99-point Trust Score, HYCM scores 85, which falls in the “trusted” 80–89 range, while Spreadex scores 70, placing it in the “average risk” 70–79 range.
For regulation, HYCM holds two Tier-1 licenses (considered highly trusted by ForexBrokers.com) and one Tier-2 license (trusted). Spreadex holds one Tier-1 license and no Tier-2 licenses. Neither firm is publicly traded, but HYCM’s higher Trust Score and greater number of top-tier licenses may appeal to traders who want stronger oversight.
| 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 |
When comparing commissions and fees, HYCM (Henyep Capital Markets) comes out ahead of Spreadex on overall value. HYCM’s Raw account is the most cost-friendly option, with an all-in EUR/USD cost of about 0.6 pips after commission, while its Classic account starts from a wider 1.2 pips and its fixed-spread account is 1.5 pips. ForexBrokers.com rates HYCM 4.5 out of 5 stars for commissions and fees and ranks it #18 out of 36 brokers in this category.
Spreadex is also competitive, but its pricing is slightly higher on average. In January 2024, the broker’s average EUR/USD spread was 0.81 pips, while the minimum spread of 0.6 pips was available 60% of the time during the month. ForexBrokers.com gives Spreadex 4 out of 5 stars for commissions and fees and places it #25 out of 36 brokers.
In simple terms, both brokers offer reasonable pricing, but HYCM has the edge for traders focused on lower overall costs, especially on its Raw account. Spreadex may still appeal to traders looking for straightforward spread-based pricing, but its average costs are a bit less attractive than HYCM’s best-priced option.
| Feature |
HYCM (Henyep Capital Markets)
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $20 | $0 |
| Average spread (EUR/USD) - Standard account | 1.3 | 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 let you trade forex as a CFD or spot contract, and both offer cryptocurrency CFDs, but neither supports copy trading or the purchase of actual, delivered crypto. Where HYCM stands out is in share dealing: it offers exchange traded securities on both U.S. and international exchanges, so clients can buy real stocks such as Apple or Vodafone. Spreadex does not offer exchange traded securities, so its focus is more on derivatives and trading products rather than direct share ownership.
When it comes to choice, Spreadex offers a much larger overall range of investments, with 10,000 tradeable symbols compared with HYCM’s 1,199. HYCM, however, has more forex pairs available, listing 70 versus Spreadex’s 52. These differences are reflected in their ratings and rankings for range of investments, with Spreadex earning 5 out of 5 stars and ranking 13th out of 36 brokers, while HYCM scores 4 out of 5 stars and ranks 27th.
| 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 give traders a free demo account, a web-based platform, and the option to trade directly from charts, making each broker easy to test and use online. Both also offer their own proprietary platform, and each is rated 4 out of 5 stars for Trading Platforms and Tools. In ForexBrokers.com’s ranking for this category, HYCM places slightly higher at #32 out of 36 brokers, while Spreadex sits at #34.
Where HYCM stands out is in platform choice and desktop access: it offers a Windows desktop download plus support for both MetaTrader 4 and MetaTrader 5, which may appeal to traders who want familiar tools and more ways to trade. Spreadex does not offer a Windows desktop platform or MetaTrader, and neither broker supports copy trading. For traders comparing platform flexibility, HYCM has the edge, while Spreadex offers a simpler setup centered on web and in-house trading tools.
| 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 make mobile trading easy for iPhone and Android users, and both offer stock or forex price alerts. Each app also lets you draw trendlines on charts, but neither broker supports watchlist symbol syncing, so watchlists do not carry over between the mobile app and the online account. For overall mobile trading app ratings, both brokers score 4 out of 5 stars.
When it comes to charting tools, HYCM has an edge with 30 technical studies in its mobile app, while Spreadex does not list a technical studies count. HYCM also auto-saves chart drawings, which can be helpful if you switch between sessions, while Spreadex does not. In ForexBrokers.com’s Mobile Trading Apps rankings, HYCM places #30 out of 36 brokers, ahead of Spreadex at #33.
| 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.
HYCM (Henyep Capital Markets) and Spreadex both give traders a solid starting point for market research, with daily market commentary, news from major sources such as Bloomberg, Reuters, and Dow Jones, plus an economic calendar to track key global events. Both brokers are rated for research, but Spreadex has a slight edge overall, earning 4 out of 5 stars and ranking #27 out of 36 brokers, while HYCM scores 3.5 out of 5 stars and ranks #29.
The main difference is in the extra tools they offer. HYCM stands out for Trading Central research tools, while Spreadex includes Autochartist and a sentiment tool that shows how many traders are long or short on different instruments. Neither broker offers TipRanks or Acuity Trading tools, so if you want more built-in analysis features, Spreadex has the broader mix, while HYCM still covers the basics well.
| 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 looking for trading education, both HYCM (Henyep Capital Markets) and Spreadex provide at least 10 beginner-friendly videos that cover key trading topics, so each broker gives new traders a place to start learning. Neither broker offers monthly educational webinars, and neither one appears to offer a full set of 10 or more forex- or CFD-focused educational pieces such as articles, videos, or archived webinars centered mainly on those markets. They also do not offer at least 10 advanced educational videos for more experienced traders.
When it comes to overall education quality, HYCM is rated 3.5 out of 5 stars and ranks #27 out of 36 brokers in the Education category at ForexBrokers.com. Spreadex scores slightly higher at 4 out of 5 stars, but ranks lower at #33 out of 36. In simple terms, both brokers can help beginners get started, but neither stands out for deeper educational support.
| 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 #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).
| Feature |
HYCM (Henyep Capital Markets)
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Spreadex
|
|---|---|---|
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| Trust Score | 85 | 70 |
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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 | 85 | 70 | |
| 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 | 85 | 70 | |
| 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 CMA 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 | 1.3 | 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 | 85 | 70 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | Spreadex Review |
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