Written by ForexBrokers.com
In this head to head comparison of StoneX Trading vs HYCM (Henyep Capital Markets), 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.
StoneX Trading, founded in 1983, stands out as the stronger pick on regulation and trust. It is publicly traded, not a bank, and holds 7 Tier-1 licenses and 1 Tier-2 license, giving it a ForexBrokers.com Trust Score of 99 out of 99, which is in the highly trusted range. By comparison, HYCM (Henyep Capital Markets), founded in 1977, is not publicly traded and is also not a bank.
HYCM has 2 Tier-1 licenses and 1 Tier-2 license, and its ForexBrokers.com Trust Score is 85 out of 99, placing it in the trusted range. While both brokers are regulated, StoneX Trading has the edge for overall regulatory strength and public company status, making it the more secure choice based on these details.
| Feature |
StoneX Trading
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 1983 | 1977 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
StoneX Trading and HYCM (Henyep Capital Markets) both earn strong marks for commissions and fees, with each broker rated 4.5 out of 5 stars. StoneX Trading ranks #16 out of 36 brokers in this category, while HYCM sits just behind at #18 out of 36. For everyday traders, that means both brokers are priced around the industry average, but the details of each account type can make a difference depending on how often you trade.
StoneX Trading’s pricing for CFDs, forex, and spread betting is generally in line with the market, with the best rates available through its own platforms or MetaTrader. Its CFD account showed an average EUR/USD spread of 0.74 pips as of July 2023, which is fair but not quite as low as the very cheapest forex brokers. Active traders may also qualify for rebates, including £4 to £7.5 per million for U.K. professionals and AUD $4.5 to AUD $14.5 per million in Australia, depending on monthly volume.
HYCM offers a competitive Raw account with an estimated all-in EUR/USD cost of about 0.6 pips after commission, which is slightly better than StoneX Trading for tight pricing. Its Classic account is pricier, with variable spreads starting from 1.2 pips, and its fixed-spread account starts at 1.5 pips. In short, HYCM may appeal more to traders looking for lower-cost raw pricing, while StoneX Trading offers solid overall value and rebate options for higher-volume clients.
| Feature |
StoneX Trading
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | £100.00 | $20 |
| Average spread (EUR/USD) - Spread-only account | 1.4 | 1.3 |
| All-in Cost EUR/USD - Raw spread account | 0.9 | 0.6 |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to the range of investments, StoneX Trading gives traders access to a much wider selection of markets than HYCM. StoneX offers 13,500 tradeable symbols, compared with 1,199 at HYCM, although HYCM has a slight edge in forex pairs with 70 versus 66 at StoneX. Both brokers support forex trading as CFDs or spot contracts, and both let clients trade cryptocurrency CFDs, but neither offers direct ownership of cryptocurrency.
The bigger difference is in share trading and extra features. HYCM allows clients to buy exchange-traded securities on both U.S. and international exchanges, while StoneX does not offer these products. StoneX, however, does support copy trading, which HYCM does not. Overall, StoneX Trading earns a 5-star rating for Range of Investments and ranks #8 out of 36 brokers, while HYCM holds a 4-star rating and ranks #28, making StoneX the stronger choice for traders who want more market choice.
| Feature |
StoneX Trading
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 13500 | 1199 |
| Forex Pairs (Total) | 66 | 70 |
| U.S. Stocks (Shares) | No | Yes |
| Global Stocks (Non-U.S. Shares) | No | Yes |
| Copy Trading | Yes | 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.
StoneX Trading and HYCM (Henyep Capital Markets) both give traders a solid range of platform choices, including free demo accounts, a proprietary platform, Windows desktop software, web-based trading, and MetaTrader 4. Both brokers also let users place trades directly from charts, which is helpful for active traders who want faster order entry. In ForexBrokers.com’s Trading Platforms and Tools category, StoneX Trading scores 4.5 out of 5 and ranks #11 out of 36 brokers, while HYCM earns 4 out of 5 and ranks #34 out of 36.
The main differences come down to extra tools. StoneX Trading offers copy trading and does not support MetaTrader 5, while HYCM does not offer copy trading but does include MT5. Since both brokers cover the basics well, the better choice may depend on whether you want copy trading features or the added flexibility of MT5. For traders focused on platform variety and tools, StoneX Trading has the edge overall based on its higher rating and stronger ranking.
| Feature |
StoneX Trading
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 88 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
StoneX Trading and HYCM (Henyep Capital Markets) both make it easy to trade on the go with iPhone and Android apps, plus price alerts, trendline tools, and auto-saving chart drawings. Where StoneX Trading stands out is in watchlist syncing, which lets your mobile watchlists stay matched with your online account, so updates carry over between devices. StoneX also offers more charting tools in its mobile app, with 88 technical studies compared with HYCM’s 30.
That extra app depth is reflected in the ratings and rankings as well. StoneX Trading earns 4.5 out of 5 stars for mobile trading apps and ranks #9 out of 36 brokers on ForexBrokers.com, while HYCM scores 4 out of 5 stars and ranks #32. If mobile charting features and synced watchlists matter most, StoneX Trading has the edge, though both brokers cover the basics well.
| Feature |
StoneX Trading
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 88 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, both StoneX Trading and HYCM (Henyep Capital Markets) give traders useful everyday tools. Each one offers daily market commentary, forex news from major sources like Bloomberg, Reuters, or Dow Jones, Trading Central research, and an economic calendar for tracking global events. Neither broker includes Autochartist, TipRanks, or Acuity Trading, so their research stacks are fairly similar in those areas.
The main difference is that StoneX Trading adds a sentiment tool that shows the split between long and short positions across markets, which can help traders gauge crowd positioning. That extra feature likely helps explain why StoneX Trading earns a stronger research score of 4.5 stars and a #10 ranking out of 36 brokers, while HYCM is rated 3.5 stars and ranks #32. For traders who want a slightly wider research toolkit, StoneX Trading has the edge.
| Feature |
StoneX Trading
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central | Yes | Yes |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to beginner-friendly learning tools, StoneX Trading has the edge over HYCM (Henyep Capital Markets). StoneX offers at least 10 beginner trading videos, at least 10 advanced videos, and online educational client webinars every month, which can make it easier for new traders to build knowledge step by step. HYCM also provides at least 10 beginner videos, but it does not appear to offer monthly educational webinars and does not match StoneX on advanced video content. In ForexBrokers.com’s Education category, StoneX is rated 4.5 out of 5 stars and ranks #9 out of 36 brokers, while HYCM is rated 3.5 stars and ranks #28.
For forex or CFD-specific education, StoneX and HYCM both fall short of clearly offering the minimum 10 dedicated educational pieces focused primarily on forex or CFDs based on the information provided. Even so, StoneX looks like the stronger choice for beginners overall because it combines regular webinars with more content for both new and experienced traders. HYCM may still suit beginners who want basic video lessons, but StoneX offers a wider path for learning and growing over time.
| Feature |
StoneX Trading
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that StoneX Trading is better than HYCM (Henyep Capital Markets). StoneX Trading finished with an overall rank of #8, while HYCM (Henyep Capital Markets) finished with an overall rank of #26.
Backed by StoneX Group and formerly named City Index, StoneX Trading is a trusted brand known for its versatile trading platforms, excellent mobile app, diverse market research, and extensive range of tradeable markets.
| Feature |
StoneX Trading
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HYCM (Henyep Capital Markets)
|
|---|---|---|
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| Trust Score | 99 | 85 |
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Both StoneX Trading and HYCM (Henyep Capital Markets) allow traders to buy cryptocurrency CFDs, but neither broker offers access to actual, delivered cryptocurrency purchases.
StoneX Trading offers ACH/SEPA transfers, PayPal, and bank wires for depositing and withdrawing account funds, while HYCM (Henyep Capital Markets) supports Skrill and bank wires but does not offer ACH/SEPA transfers or PayPal; Visa and 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 | StoneX Trading | HYCM (Henyep Capital Markets) | |
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| Trust Score | 99 | 85 | |
| Winner | check_circle | ||
| Review | StoneX Trading Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | StoneX Trading | HYCM (Henyep Capital Markets) | |
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| Regulation | StoneX Trading | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trust Score | 99 | 85 | |
| Year Founded | 1983 | 1977 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | StoneX Trading | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | 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). | Yes | No |
| Tier-2 Licenses (Trusted) | StoneX Trading | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | StoneX Trading | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 13500 | 1199 | |
| Forex Pairs (Total) | 66 | 70 | |
| U.S. Stocks (Shares) | No | Yes | |
| Global Stocks (Non-U.S. Shares) | No | Yes | |
| Copy Trading | Yes | 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 | StoneX Trading | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Average spread (EUR/USD) - Spread-only account | 1.4 | 1.3 | |
| All-in Cost EUR/USD - Raw spread account | 0.9 | 0.6 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | StoneX Trading | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | £100.00 | $20 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | No |
| Trading Platforms | StoneX Trading | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | StoneX Trading | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 88 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | StoneX Trading | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 88 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | StoneX Trading | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central | Yes | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | StoneX Trading | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | StoneX Trading | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | StoneX Trading Review | HYCM (Henyep Capital Markets) Review |
| Overall | StoneX Trading | HYCM (Henyep Capital Markets) | |
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| Trust Score | 99 | 85 | |
| Winner | check_circle | ||
| Review | StoneX Trading Review | HYCM (Henyep Capital Markets) Review |
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