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Swissquote vs HYCM (Henyep Capital Markets) 2026

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of Swissquote 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.

Swissquote
4.5/5 Stars Overall
  • Minimum Deposit: $1000
  • Trust Score: 99
  • Tradeable Symbols (Total): 472
HYCM (Henyep Capital Markets)
4/5 Stars Overall
  • Minimum Deposit: $20
  • Trust Score: 85
  • Tradeable Symbols (Total): 1199

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.

Regulation

Swissquote and HYCM are both well-known online brokers, but their profiles differ. Swissquote, founded in 1996, is publicly traded and operates as a bank. HYCM, founded in 1977, is privately held and not a bank. In terms of regulation, Swissquote holds five Tier-1 licenses and two Tier-2 licenses, while HYCM holds two Tier-1 and one Tier-2 license—Tier-1 being the highest level of oversight as defined by ForexBrokers.com.

According to ForexBrokers.com’s Trust Score, Swissquote scores 99/99 (highly trusted, 90–99), and HYCM scores 85/99 (trusted, 80–89). For context, 70–79 is average risk, 60–69 high risk, and below 59 should not be trusted. If you value stronger regulation, a stock exchange listing, and bank status, Swissquote stands out, while HYCM still earns a trusted rating.

Feature Swissquote logoSwissquote
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Year Founded info 1996 1977
Publicly Traded (Listed) info Yes No
Bank info Yes No
Tier-1 Licenses info 5 2
Tier-2 Licenses info 2 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 1

Fees

Comparing commissions and fees, HYCM (Henyep Capital Markets) is generally cheaper than Swissquote for trading popular pairs like EUR/USD. HYCM earns 4.5/5 stars and ranks #18 of 63 for Commissions and Fees, while Swissquote earns 3.5/5 stars and ranks #35 of 63. If your top priority is low costs, HYCM’s pricing structure has the edge; Swissquote’s appeal is more about banking stature than bargain spreads.

Swissquote’s costs vary by entity. In the U.K., traders can choose four accounts; the Elite account suits active traders who deposit at least $10,000, pairing lower spreads with a $5 commission per round-turn trade. The Standard account starts at 1.3 pips on EUR/USD, and the Prime account shows a minimum (not average) spread from 0.6 pips. The U.K. setup tends to have lower costs and lighter deposit requirements than Swissquote’s Switzerland and Luxembourg locations, but with a narrower product list. In Luxembourg, minimum spreads run from 1.5 pips (Standard, $1,000 minimum) to 0.8 pips (Prime, $50,000 minimum). In Switzerland, forex accounts start at 1.7 pips (Standard, $1,000), drop to 1.4 pips (Premium, $10,000), and 1.1 pips (Prime, $50,000), with custom pricing negotiable for high volume.

HYCM keeps pricing straightforward: the Raw account delivers an all-in cost around 0.6 pips on EUR/USD after commission, the Classic account has variable spreads from 1.2 pips, and the fixed-spread account sits at 1.5 pips. For traders focused on tighter all-in costs, HYCM’s Raw account is typically more attractive than Swissquote’s offerings.

Feature Swissquote logoSwissquote
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Minimum Deposit info $1000 $20
Average spread (EUR/USD) - Standard account info N/A info 1.3 info
All-in Cost EUR/USD - Active info N/A info 0.6 info
Non-wire bank transfer info Yes No
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

Swissquote and HYCM both let you trade forex as CFDs or spot contracts, and both give access to real exchange-traded shares in the U.S. and on international markets (think Apple in the U.S. and Vodafone in London). HYCM lists more total tradable symbols overall (1199 vs. 472), while Swissquote offers more forex pairs (80 vs. 70). For Range of Investments, Swissquote earns 5 stars and ranks #2 out of 63 brokers at ForexBrokers.com, whereas HYCM scores 4 stars and ranks #27.

Where they differ most is in extras. Swissquote supports copy trading and lets you buy actual cryptocurrency in addition to crypto CFDs. HYCM does not offer copy trading or delivered crypto, but it does offer crypto CFDs. In short, pick Swissquote if you want copy trading, actual crypto, and a deeper list of forex pairs; pick HYCM if you value a bigger overall catalog of tradable symbols.

Feature Swissquote logoSwissquote
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 472 1199
Forex Pairs (Total) info 80 70
U.S. Stocks (Shares) info Yes Yes
Global Stocks (Non-U.S. Shares) info Yes Yes
Copy Trading info Yes No
Cryptocurrency (Underlying) info Yes No
Cryptocurrency (CFDs) info 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.

Trading platforms and tools

Comparing Swissquote vs HYCM on trading platforms and tools, both brokers check the key boxes: free demo (paper) trading, their own in-house platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5), plus Windows desktop downloads and web-based platforms. Each lets you place trades directly from charts, which is handy for timing entries and exits.

The standout difference is copy trading: Swissquote offers it, while HYCM does not. Independent ratings from ForexBrokers.com back up the overall platform experience, with Swissquote scoring 4.5/5 stars and ranking #12 out of 63 brokers for Trading Platforms and Tools, compared with HYCM’s 4/5 stars and a #32 ranking. If copy trading and higher-rated tools matter to you, Swissquote may have the edge; if you simply need MT4/MT5 with both web and desktop access, either broker can fit the bill.

Feature Swissquote logoSwissquote
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
Charting - Indicators / Studies (Total) info 86 30
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

Swissquote and HYCM (Henyep Capital Markets) both deliver capable mobile trading apps on iPhone and Android. Each app supports price alerts, 30 technical studies for charting, drawing trendlines, and automatically saving your chart drawings. One shared drawback is watchlist symbol syncing: neither broker syncs watchlists between the mobile app and your online account, so you’ll need to update lists separately on each platform.

Where they differ is user feedback and industry ranking. Swissquote’s mobile trading app holds a 4.5-star rating and is ranked 12th out of 63 brokers for Mobile Trading Apps by ForexBrokers.com. HYCM’s app earns 4 stars and ranks 30th. If you want a higher-rated, more polished mobile experience, Swissquote has the edge; if you’re satisfied with similar charting tools and alerts, HYCM remains a solid alternative.

Feature Swissquote logoSwissquote
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info No No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

Comparing Swissquote vs HYCM for market research: both brokers deliver daily market commentary and stream forex news from top-tier sources such as Bloomberg, Reuters, or Dow Jones. Each also provides an economic calendar. The key difference lies in their analytics tools—Swissquote integrates Autochartist for chart patterns and trade ideas, while HYCM offers Trading Central’s analysis suite. Neither broker includes a sentiment-based positioning tool, and neither features research from TipRanks or Acuity Trading.

According to ForexBrokers.com, Swissquote scores 4.5/5 stars for Research and ranks 15th out of 63 brokers, while HYCM scores 3.5/5 and ranks 29th. Choose Swissquote if you want Autochartist; pick HYCM if Trading Central is your preference. For everyday news, commentary, and event tracking, both platforms cover the essentials.

Feature Swissquote logoSwissquote
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central info No Yes
Client sentiment data info No No
TipRanks info No No
Acuity Trading info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

Comparing education for beginners at Swissquote and HYCM (Henyep Capital Markets), both brokers provide at least 10 beginner-friendly trading videos, making it easy to learn the basics of forex and CFD trading. Swissquote goes further with ongoing online client webinars (at least one per month) and at least 10 advanced trading videos designed for more experienced traders. HYCM, by contrast, does not host monthly educational webinars and does not meet the bar for advanced video depth, which may limit your learning path as you progress.

These differences show up in their education scores: Swissquote earns 4.5 out of 5 stars and ranks #19 out of 63 brokers for Education on ForexBrokers.com, while HYCM is rated 3.5 stars and ranks #27. If you want live sessions and a clear path from beginner to advanced, Swissquote is the stronger pick. If you mainly want starter videos to learn the basics, both Swissquote and HYCM can help you get going.

Feature Swissquote logoSwissquote
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Webinars info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that Swissquote is better than HYCM (Henyep Capital Markets). Swissquote finished with an overall rank of #11, while HYCM (Henyep Capital Markets) finished with an overall rank of #26.

Traders choose Swissquote for its quality research and vast multi-asset offering – as long as they are willing to pay a premium to have their brokerage account held with a Swiss bank.

Feature Swissquote logoSwissquote
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Overall Rating info 4.5/5 Stars 4/5 Stars
Trust Score info 99 85
Range of Investments 5/5 Stars 4/5 Stars
Trading Fees 3.5/5 Stars 4.5/5 Stars
Trading Platforms 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Education 4/5 Stars 4/5 Stars

FAQs

Can you trade cryptocurrency with Swissquote or HYCM (Henyep Capital Markets)?

Swissquote enables investors to buy actual (delivered) cryptocurrencies as well as trade cryptocurrency CFDs, whereas HYCM (Henyep Capital Markets) offers cryptocurrency CFDs only and does not provide direct ownership of the underlying coins.

What funding options does each broker offer?

Online broker Swissquote vs HYCM (Henyep Capital Markets): Swissquote supports ACH/SEPA, PayPal, Skrill, and bank wires for deposits and withdrawals, while HYCM supports Skrill and bank wires only and does not offer ACH/SEPA or PayPal; Visa/Mastercard availability is not specified for either broker.

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Overall Rating Swissquote HYCM (Henyep Capital Markets)
Overall Rating info 4.5/5 Stars 4/5 Stars
Trading Fees 3.5/5 Stars 4.5/5 Stars
Range of Investments 5/5 Stars 4/5 Stars
Trading Platforms 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 99 85
Winner check_circle
Review Swissquote Review HYCM (Henyep Capital Markets) Review
Broker Screenshots Swissquote HYCM (Henyep Capital Markets)
Broker Gallery (click to expand) info
Swissquote CFXD mobile app watchlist light mode. Swissquote CFXD web platform dark mode. Swissquote YouTube videos market analysis research. Swissquote educational course learning center
HYCM MT5 desktop trading platform HYCM client portal Analyst Views market analysis HYCM YouTube channel videos.
Regulation Swissquote HYCM (Henyep Capital Markets)
Trust Score info 99 85
Year Founded info 1996 1977
Publicly Traded (Listed) info Yes No
Bank info Yes No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-1 Licenses info 5 2
Tier-2 Licenses info 2 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 1
Tier-1 Licenses (Highly Trusted) Swissquote HYCM (Henyep Capital Markets)
Australia (ASIC Authorised) info No No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info Yes Yes
Japan (FSA Authorised) info No No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info Yes
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-2 Licenses (Trusted) Swissquote HYCM (Henyep Capital Markets)
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info Yes No
UAE (DFSA, FSRA, or SCA Authorised) info Yes Yes
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments Swissquote HYCM (Henyep Capital Markets)
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 472 1199
Forex Pairs (Total) info 80 70
U.S. Stocks (Shares) info Yes Yes
Global Stocks (Non-U.S. Shares) info Yes Yes
Copy Trading info Yes No
Cryptocurrency (Underlying) info Yes No
Cryptocurrency (CFDs) info 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 Swissquote HYCM (Henyep Capital Markets)
Average spread (EUR/USD) - Standard account info N/A info 1.3 info
All-in Cost EUR/USD - Active info N/A info 0.6 info
Inactivity Fee info Yes No
Order execution: Agency info Yes Yes
Order execution: Market Maker info Yes Yes
Funding Swissquote HYCM (Henyep Capital Markets)
Minimum Deposit info $1000 $20
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info Yes No
Trading Platforms Swissquote HYCM (Henyep Capital Markets)
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
cTrader info No No
Trading Tools Swissquote HYCM (Henyep Capital Markets)
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 86 30
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading Swissquote HYCM (Henyep Capital Markets)
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info No No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes
Mobile Research - Economic Calendar info Yes Yes
Research Swissquote HYCM (Henyep Capital Markets)
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central info No Yes
TipRanks info No No
Client sentiment data info No No
Economic Calendar info Yes Yes
Education Swissquote HYCM (Henyep Capital Markets)
Webinars info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Major Forex Pairs Swissquote HYCM (Henyep Capital Markets)
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review Swissquote Review HYCM (Henyep Capital Markets) Review
Overall Swissquote HYCM (Henyep Capital Markets)
Overall Rating info 4.5/5 Stars 4/5 Stars
Trading Fees 3.5/5 Stars 4.5/5 Stars
Range of Investments 5/5 Stars 4/5 Stars
Trading Platforms 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 99 85
Winner check_circle
Review Swissquote Review HYCM (Henyep Capital Markets) Review
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