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 plenty of ways to get started, including free demo accounts, in-house platforms, desktop downloads for Windows, web-based trading, MetaTrader 4, and the ability to place trades directly from charts. Both brokers also provide paper trading, so beginners can practice before using real money. In this area, the two firms cover most of the same core trading platform needs.
The main difference is that StoneX Trading adds copy trading, while HYCM does not. HYCM does offer MetaTrader 5, which StoneX Trading does not. Based on ForexBrokers.com, StoneX Trading has the edge for trading platforms and tools, with a 4.5-star rating and a #11 ranking out of 36 brokers, compared with HYCM’s 4-star rating and #33 ranking. Overall, StoneX Trading is a little better for platform choice and tools, while HYCM stands out for traders who want MT5.
| 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 both make it easy to trade on the go with iPhone and Android apps, plus price alerts for stocks and forex. Each app also lets you draw trendlines on charts and saves those drawings automatically, which is helpful if you like to track setups over time. In this area, the two brokers are similar on the basics of mobile trading.
The bigger differences show up in chart tools and account syncing. StoneX Trading stands out with watchlist syncing between its mobile app and online account, so changes carry over smoothly, while HYCM does not offer that feature. StoneX Trading also gives mobile traders 88 technical studies compared with 30 at HYCM. That broader tool set helps explain why StoneX Trading is rated higher for mobile trading apps, at 4.5 stars and #9 out of 36 brokers, versus HYCM’s 4 stars and #31 ranking.
| 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 daily market commentary, forex news from major sources like Bloomberg, Reuters, and Dow Jones, Trading Central tools, and an economic calendar to track key global events. Neither broker offers Autochartist, TipRanks, or Acuity Trading research tools, so their research lineups are fairly similar in those areas. For traders who want basic market updates and useful chart-based analysis, both brokers cover the essentials well.
The main difference is that StoneX Trading adds a sentiment tool showing the balance of long and short positions across currency pairs and other instruments, while HYCM does not. That extra feature helps traders gauge market mood more easily. This edge is reflected in ratings and rankings as well: StoneX Trading scores 4.5 out of 5 for Research and ranks #10 out of 36 brokers at ForexBrokers.com, while HYCM scores 3.5 out of 5 and ranks #30 out of 36.
| 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.
For beginners looking for learning tools, StoneX Trading has a clearer edge over HYCM (Henyep Capital Markets). StoneX offers forex and CFDs education with at least 10 pieces of content, plus online educational client webinars held at least once a month. It also provides at least 10 beginner videos and at least 10 advanced videos, giving new traders a wider path to build skills over time. HYCM also offers at least 10 beginner videos and forex or CFDs education content, but it does not provide monthly educational webinars and does not match StoneX on advanced video support.
That difference shows up in broker ratings and rankings as well. StoneX Trading is rated 4.5 out of 5 stars for Education and ranks #9 out of 36 brokers at ForexBrokers.com, while HYCM is rated 3.5 out of 5 stars and ranks #27. In simple terms, both brokers offer useful learning material, but StoneX gives beginners more ways to learn, especially through live webinars and a stronger mix of video education.
| 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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