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 |
When comparing HYCM (Henyep Capital Markets) and Spreadex in terms of commissions and fees, both brokers offer unique advantages. HYCM provides a variety of account options, including a Raw account with a competitive all-in cost of approximately 0.6 pips for the EUR/USD after commission. Meanwhile, its Classic account starts from a spread of 1.2 pips, and there is also a fixed-spread account offering a spread of 1.5 pips. HYCM has earned a commendable ranking of 15th place out of 62 brokers for its competitive pricing structure and is highly rated at 4.5 stars.
On the other hand, Spreadex boasts an average spread of 0.81 pips for the EUR/USD throughout January 2024, with a minimum spread of 0.6 pips captured 60% of the time. This performance provides traders with potential cost savings, although it falls slightly behind HYCM in terms of overall ratings. Spreadex holds a respectable position at 27th out of 62 brokers, with a 4-star rating for its competitive commission and fee structure.
Overall, HYCM holds a slight edge over Spreadex in terms of lower commission costs and higher ratings, making it a more favorable option for those prioritizing low fees in their trading activities. However, Spreadex remains a solid choice for traders looking for a competitive spread structure.
| 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 provide investors with the opportunity to trade forex through CFDs or spot contracts. With HYCM, traders have access to 1,199 tradeable symbols, including 70 forex pairs and the option to invest in exchange-traded securities on both U.S. and international exchanges. In contrast, Spreadex offers a wider selection with 10,000 tradeable symbols, but fewer forex pairs at 52. Notably, Spreadex does not provide direct access to U.S. or international exchange-traded securities, focusing instead on CFD offerings.
Neither HYCM nor Spreadex supports copy trading or the purchase of actual cryptocurrencies, limiting their offerings to crypto derivatives. When evaluating the range of investments, HYCM holds a 4-star rating, ranking 33rd among 62 brokers on ForexBrokers.com. Spreadex fares better, achieving a 5-star rating and comes in at 13th place. This makes Spreadex a strong contender for traders seeking a broad array of tradeable symbols, despite its lack of direct securities options.
| 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.
When comparing the trading platforms and tools of HYCM (Henyep Capital Markets) and Spreadex, both brokers offer useful features that cater to a range of traders. HYCM provides the advantage of MetaTrader 4 and MetaTrader 5 platforms, which are favored for their wide range of technical indicators and advanced trading capabilities, though the exact number of indicators isn't specified. It supports various trading environments, including a Windows-based desktop option, web browser access, and a proprietary platform, offering a flexible and familiar interface for experienced traders. On the other hand, while Spreadex lacks the MetaTrader suite and a Windows desktop option, it features a proprietary platform accessible via browsers. Both brokers simplify the learning process by offering a free virtual demo account, making them accessible even to newer traders.
In terms of charting tools, HYCM offers 15 drawing tools, slightly edging out Spreadex, which offers 11. Interestingly, when setting up watch lists, Spreadex provides one more column than HYCM, offering 8 compared to 7. Both platforms allow traders to initiate trades directly from stock charts, a convenient feature for swift decision-making. Despite these differences, both are rated 4 stars for their trading platforms and tools, with their rankings slightly differing—HYCM is at #40 while Spreadex stands at #46 out of 62 brokers in the ForexBrokers.com rankings. This shows that while they have unique offerings, each broker brings a favorable platform experience to its users.
| 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.
HYCM (Henyep Capital Markets) and Spreadex both offer mobile trading apps compatible with iPhone and Android devices. Both platforms provide essential features such as stock and forex price alerts, the ability to draw trendlines, view multiple time frames on charts, and create watchlists with real-time quotes. A notable difference, however, is that HYCM offers 30 technical studies for charting in its mobile app, while Spreadex's figure remains undisclosed. Additionally, HYCM automatically saves drawings on charts, while Spreadex lacks this feature, potentially impacting user convenience.
Despite offering similar services, HYCM has a slight edge in app ranking. It scores a solid 4 out of 5 stars for mobile trading and is ranked 37th out of 62 brokers on ForexBrokers.com. In comparison, Spreadex also receives a 4-star rating but ranks slightly lower at 46th position. Both offer a comprehensive trading experience, but if automatic chart saving and a broader range of technical studies matter most, HYCM may be the more appealing choice.
| 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.
When comparing the market research offerings of online brokers HYCM (Henyep Capital Markets) and Spreadex, both brokers provide daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters, which can help traders stay informed about significant market developments. However, their offerings diverge when it comes to research tools. HYCM provides technical analytics from Trading Central, offering valuable insights into market trends. On the other hand, Spreadex stands out with tools from Autochartist and a sentiment-based trading tool, which informs traders about the ratio of long or short positions across various currency pairs.
Both brokers include an economic calendar to keep traders updated on global news events. While neither offers market research from TipRanks or tools from Acuity Trading, Spreadex has received a slightly higher rating for research quality, earning a 4-star rating compared to HYCM's 3.5 stars. Within the realm of research rankings by ForexBrokers.com, Spreadex places at #31, slightly ahead of HYCM's #35, reflecting its broader toolset and comprehensive research offerings.
| 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 it comes to educational resources for beginners, both HYCM (Henyep Capital Markets) and Spreadex offer a wealth of options. Each provides more than 10 educational materials focusing on forex or CFDs, including articles, videos, and archived webinars. For beginners eager to learn trading fundamentals, both platforms feature at least 10 dedicated educational videos. HYCM and Spreadex also include an investor dictionary with over 50 defined investing terms, which can be a valuable tool for those new to the market. However, neither broker offers monthly online educational webinars, which might be a downside for individuals who prefer live learning experiences.
A key difference lies in their archives of past webinars: HYCM offers a searchable collection, while Spreadex does not. Despite HYCM having a slightly lower education rating of 3.5 stars compared to Spreadex's 4 stars, HYCM is ranked higher in education by ForexBrokers.com, placing 32nd out of 62 brokers, while Spreadex ranks 45th. This makes HYCM a potentially better pick for those who value access to past educational content. Nevertheless, both brokers present solid educational opportunities for those taking their first steps into forex and CFD trading.
| 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 62 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) | No | No | |
| 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) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| 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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