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.
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 |
HYCM (Henyep Capital Markets) and Spreadex both offer competitive pricing, but HYCM stands out a bit more overall in the commissions and fees category. HYCM’s Raw account has an estimated all-in cost of about 0.6 pips on EUR/USD after commission, while its Classic account starts from a wider 1.2 pips. It also offers a fixed-spread account at 1.5 pips. Based on this pricing, HYCM is rated 4.5 out of 5 stars and is ranked #18 out of 36 brokers by ForexBrokers.com for commissions and fees.
Spreadex also keeps costs fairly tight, with average EUR/USD spreads of 0.81 pips in January 2024. Its minimum spread was 0.6 pips, and that level was available 60% of the time during the month, which may appeal to active traders looking for steady pricing. Spreadex is rated 4 out of 5 stars and is ranked #27 out of 36 brokers in the same category.
In simple terms, HYCM appears to have the edge for overall value, mainly because of its lower-cost Raw account and stronger category ranking. Spreadex is still competitive, especially for traders who like low average spreads, but HYCM scores higher for commissions and fees and may be the better pick for cost-conscious forex traders.
| Feature |
HYCM (Henyep Capital Markets)
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $20 | $0 |
| Average spread (EUR/USD) - Spread-only account | 1.3 | 0.81 |
| All-in Cost EUR/USD - Raw spread account | 0.6 | N/A |
| Non-wire bank transfer (Deposit/Withdraw) | 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 clients trade forex as CFDs, and both also offer cryptocurrency CFDs rather than actual crypto ownership. HYCM provides 70 forex pairs and 1,199 tradeable symbols in total, while Spreadex offers 52 forex pairs but a much larger overall list of around 10,000 tradeable symbols. If you want access to exchange-traded shares, HYCM stands out because it offers real stocks on both U.S. and international exchanges, such as Apple and Vodafone. Spreadex does not offer exchange-traded securities.
Neither broker supports copy trading, and neither lets you buy delivered cryptocurrency. For range of investments, Spreadex is rated higher overall, with 5 out of 5 stars and a ForexBrokers.com rank of 13th out of 36, compared with HYCM’s 4 out of 5 stars and 28th place. In simple terms, HYCM is the better choice for investors who want real shares, while Spreadex offers a wider total menu of tradable 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 and Spreadex both make it easy to start with a free demo account, and each offers a web-based trading platform plus its own in-house platform. Both brokers also let you trade directly from a chart and do not offer copy trading. In terms of platform ratings, each is scored 4 out of 5 stars for Trading Platforms and Tools, so they are fairly close overall for everyday trading needs.
The bigger difference is that HYCM gives traders more platform choice. It offers a Windows desktop download, along with MetaTrader 4 and MetaTrader 5, while Spreadex does not support MT4, MT5, or a desktop app for Windows. That gives HYCM an edge for traders who want more familiar software and extra installation options. In ForexBrokers.com’s ranking for Trading Platforms and Tools, HYCM places #35 out of 36 brokers, just ahead of Spreadex at #37.
| 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 each app includes price alerts plus the ability to draw trendlines on charts. Both brokers are rated 4 out of 5 stars for mobile trading apps, so they are fairly even at a basic level. Neither broker offers watchlist symbol syncing between the mobile app and online account, which means updates do not carry over automatically.
HYCM has a clear edge for charting on mobile, with 30 technical studies and auto-saving drawings on charts, while Spreadex does not list a set number of technical studies and does not auto-save chart drawings. In ForexBrokers.com’s ranking for mobile trading apps, HYCM places #33 out of 36 brokers, while Spreadex ranks #36, making HYCM the stronger pick overall for traders who want more chart tools and a smoother app experience.
| 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 the basics for market research, including daily market commentary, forex news from major sources like Bloomberg and Reuters, and an economic calendar with important global events. Where they differ is in extra research tools. HYCM offers Trading Central tools, which can help with technical analysis, while Spreadex offers Autochartist and a sentiment tool that shows whether traders are mostly buying or selling a pair or other instrument.
In independent ratings, Spreadex comes out slightly ahead for research with 4 out of 5 stars and a ForexBrokers.com ranking of #29 out of 36 brokers. HYCM is rated 3.5 out of 5 stars and ranks #32. Overall, both brokers cover the core research needs well, but Spreadex has the edge for tool variety, while HYCM stands out for its Trading Central access.
| 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.
When it comes to beginner learning tools, both HYCM (Henyep Capital Markets) and Spreadex give new traders a starting point, with each offering at least 10 beginner-focused videos on trading topics. Neither broker provides monthly educational webinars, and neither appears to offer enough forex or CFD-specific learning content to meet the 10-piece threshold for a dedicated education library. For advanced traders, neither broker offers at least 10 videos aimed at experienced users, so the learning material is more geared toward those just getting started.
Overall, Spreadex earns a slightly higher education rating at 4 out of 5 stars, compared with 3.5 stars for HYCM. That said, ForexBrokers.com ranks HYCM better in the education category, placing it #28 out of 36 brokers, while Spreadex sits at #36. In simple terms, both brokers can help beginners learn the basics, but neither stands out for deeper or more frequent 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 #33.
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
|
|---|---|---|
| Overall Rating |
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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) - Spread-only account | 1.3 | 0.81 | |
| All-in Cost EUR/USD - Raw spread account | 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 (Deposit/Withdraw) | 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 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 | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| 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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