Written by ForexBrokers.com
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.
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.
Swissquote and HYCM (Henyep Capital Markets) stand out in the world of online brokers for their distinct qualities and regulatory credentials. Founded in 1996, Swissquote is a publicly traded company and operates as a bank. It holds an excellent ForexBrokers.com Trust Score of 99 out of 99, making it highly trusted. Swissquote's strong regulatory standing is affirmed by its possession of five Tier-1 licenses, which are regarded as highly trusted, in addition to two Tier-2 licenses.
In contrast, HYCM, established in 1977, is not publicly traded and does not function as a bank. With a ForexBrokers.com Trust Score of 86, HYCM is considered a trusted broker. The firm holds two Tier-1 licenses and one Tier-2 license, showcasing its regulatory compliance and commitment to client safety. While both brokers have solid credentials, Swissquote's position as a bank and its higher number of Tier-1 licenses may appeal to clients seeking a more trusted platform. However, HYCM's long-established presence and trusted status may also attract investors looking for reliability.
| Feature |
Swissquote
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 1996 | 1977 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 5 | 2 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
Swissquote offers a unique appeal as part of a Swiss banking conglomerate but doesn't stand out for low trading costs compared to other forex brokers. Depending on the branch, commissions and fees vary. The U.K. entity offers four account types, where the Elite account becomes cost-effective for active traders with a $10,000 deposit, offering lower spreads and a $5 charge per round-turn trade. The Standard account, with spreads starting at 1.3 pips, is less appealing compared to similar offerings. The Swiss branch doesn't compete well either, with spreads starting at 1.7 pips unless higher deposits are made. Across its branches, Swissquote ranks 53rd out of 63 brokers for commissions and fees and is rated 3.5 stars out of five.
On the other hand, HYCM (Henyep Capital Markets) presents more competitive pricing, particularly with its Raw account, which features an effective cost of around 0.6 pips for the EUR/USD after commission. Though the Classic account starts with a variable spread from 1.2 pips, HYCM also provides a fixed-spread account option at 1.5 pips. These choices have earned HYCM a higher rating of 4.5 stars and a better position, ranking 15th out of 63 brokers for commissions and fees.
| Feature |
Swissquote
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $1000 | $20 |
| Average Spread EUR/USD - Standard | N/A | 1.2 |
| All-in Cost EUR/USD - Active | N/A | 0.6 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investment options provided by Swissquote and HYCM, both platforms offer the capability to trade forex as CFDs or spot contracts. Swissquote provides access to 472 tradable symbols, including an extensive selection of 80 forex pairs. In contrast, HYCM users can trade 1199 symbols, with an offering of 70 forex pairs. Both brokers allow clients to purchase exchange-traded securities on U.S. and international exchanges, enabling investors to acquire shares like Apple or Vodafone. However, Swissquote stands out by also offering copy trading and the ability to obtain actual cryptocurrencies, not just derivatives, which HYCM does not provide.
Looking at their performance ratings, Swissquote earns a five-star rating for its range of investments, positioning it as the second-highest ranked among 63 brokers by ForexBrokers.com. In comparison, HYCM receives a four-star rating and ranks 33rd for its investment offerings. This distinction indicates that while both brokers provide a broad spectrum of investment opportunities, Swissquote excels in delivering a wider variety of high-demand features sought by investors, such as cryptocurrency trading and copy trading services.
| Feature |
Swissquote
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 1199 |
| Forex Pairs (Total) | 80 | 70 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | Yes | 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 Swissquote and HYCM for their trading platforms and tools, both brokers cater to traders of all levels with a range of features. Swissquote and HYCM offer simulated trading accounts, allowing users to practice with virtual funds before committing real money. Both brokers have developed proprietary platforms and offer the popular MetaTrader 4 and MetaTrader 5 for a familiar trading experience. Additionally, they provide Windows-based desktop platforms as well as browser-based options for those who prefer web trading. While Swissquote supports copy trading, HYCM does not, which could be a deciding factor for traders interested in this feature. Furthermore, neither broker offers DupliTrade or ZuluTrade, focusing their efforts on developed systems instead.
When it comes to charting tools, Swissquote provides an impressive 75 drawing tools compared to HYCM's 15. Both brokers allow users to trade directly from stock charts, enhancing ease of use. For watchlists, Swissquote offers more customization with 11 available fields, while HYCM provides 7. In terms of overall ratings, Swissquote edges ahead with a 4.5-star rating for their trading platforms and tools, compared to HYCM’s 4-star rating. In the competitive landscape of brokers, Swissquote is positioned at #12, ahead of HYCM, which ranks at #40, showcasing Swissquote's superior offering in the trading platform and tools category.
| Feature |
Swissquote
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 86 | 30 |
| Charting - Drawing Tools (Total) | 75 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both Swissquote and HYCM (Henyep Capital Markets) support iPhone and Android devices, ensuring that traders can conveniently access their accounts on-the-go. Both platforms allow traders to set stock or forex price alerts, ensuring you get updated when the markets move in your favor. However, neither platform offers watchlist symbol syncing, meaning adjustments made on the mobile app won’t automatically sync with your online account. For chart analysis, both apps provide 30 technical studies and the tools to draw trendlines. They also let users view multiple time frames such as daily, weekly, or intraday, complementing their auto-save feature for chart drawings.
Regarding the creation of watchlists, both Swissquote and HYCM provide the ability to build a watchlist with real-time quotes, keeping traders always informed. Despite these similarities, there's a slight difference in user ratings: Swissquote scores an impressive 4.5 stars, outshining HYCM's 4-star rating. According to ForexBrokers.com, Swissquote holds the #12 rank out of 63 brokers for their mobile trading category, significantly higher than HYCM's #37 rank. Overall, while both apps present essential features and functionality for mobile traders, Swissquote seems to receive higher accolades for its user experience.
| Feature |
Swissquote
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of online brokers Swissquote and HYCM, several differences and similarities come to light. Both brokers provide daily market commentary and deliver forex news from esteemed sources like Bloomberg and Reuters. However, in terms of research tools, Swissquote offers assets from Autochartist, which can aid traders in their technical and fundamental analysis. In contrast, while HYCM lacks offerings from Autochartist, it compensates with technical analytics tools from Trading Central, contributing to their toolset in a different way.
Neither Swissquote nor HYCM provides a sentiment-based trading tool or market research from TipRanks or Acuity Trading. Both brokers make economic calendars available, granting users insight into upcoming global news events affecting economies worldwide. Swissquote achieves a slightly higher user rating with 4 stars for research compared to HYCM's 3.5 stars. Similarly, Swissquote is ranked 16th while HYCM stands at 35th out of 63 brokers for research by ForexBrokers.com, highlighting Swissquote's slight edge in research capabilities.
| Feature |
Swissquote
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational offerings of Swissquote and HYCM tailored for beginner traders, both brokers provide a solid foundation with a minimum of ten educational materials focusing on forex and CFDs. Swissquote stands out by offering monthly online client webinars, which can be an invaluable resource for continuous learning and staying updated with trading strategies. They also provide a searchable archive of these webinars, a feature that HYCM matches, enabling traders to revisit past teachings at their comfort. Both platforms cater to beginners with a wide array of beginner-friendly videos, although Swissquote goes a step further by also providing advanced educational videos, making it a more comprehensive choice for those aspiring to deepen their expertise over time.
In terms of additional resources, both brokers offer an investor dictionary with over 50 terms, helping newcomers get familiar with the investment jargon. However, Swissquote's educational initiative earns it a higher rating of four stars out of five, compared to HYCM’s 3.5 stars. When ranked alongside 63 other brokers, Swissquote is positioned at number 21 for its education offerings, whereas HYCM is ranked at number 32. These details make Swissquote an attractive option for beginners seeking an enriching and ongoing educational journey in the world of trading.
| Feature |
Swissquote
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
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 #29.
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
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HYCM (Henyep Capital Markets)
|
|---|---|---|
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| Trust Score | 99 | 86 |
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When comparing online brokers Swissquote and HYCM, Swissquote provides the capability to purchase actual delivered cryptocurrency, in addition to cryptocurrency derivatives, whereas HYCM only offers the option to trade cryptocurrency derivatives.
When comparing Swissquote and HYCM (Henyep Capital Markets) in terms of deposit and withdrawal options, Swissquote offers greater flexibility with availability of ACH, SEPA, PayPal, Skrill, Visa, Mastercard, and bank wires, whereas HYCM lacks ACH, SEPA, and PayPal options but does provide Skrill, Visa, Mastercard, and bank wire services.
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 | Swissquote | HYCM (Henyep Capital Markets) | |
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| Trust Score | 99 | 86 | |
| Winner | check_circle | ||
| Review | Swissquote Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | Swissquote | HYCM (Henyep Capital Markets) | |
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| Regulation | Swissquote | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trust Score | 99 | 86 | |
| Year Founded | 1996 | 1977 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 5 | 2 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Swissquote | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | Yes | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | 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). | Yes | No |
| Tier-2 Licenses (Trusted) | Swissquote | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Swissquote | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 1199 | |
| Forex Pairs (Total) | 80 | 70 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | Yes | 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 | Swissquote | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.2 | |
| All-in Cost EUR/USD - Active | N/A | 0.6 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Swissquote | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | $1000 | $20 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Swissquote | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Swissquote | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 7 | |
| Charting - Indicators / Studies (Total) | 86 | 30 | |
| Charting - Drawing Tools (Total) | 75 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Swissquote | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| 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 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Swissquote | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Swissquote | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| 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 | Swissquote Review | HYCM (Henyep Capital Markets) Review |
| Overall | Swissquote | HYCM (Henyep Capital Markets) | |
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| Trust Score | 99 | 86 | |
| Winner | check_circle | ||
| Review | Swissquote Review | HYCM (Henyep Capital Markets) Review |
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