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 |
Comparing commissions and fees, HYCM generally comes out cheaper than Swissquote. HYCM earns 4.5/5 stars for pricing and ranks 16th out of 63 brokers at ForexBrokers.com, while Swissquote scores 3.5/5 stars and ranks 54th. Swissquote’s appeal as a Swiss banking brand comes with a slight premium, so its trading costs typically won’t match the lowest-cost forex brokers.
Swissquote’s pricing varies by entity. In the U.K., four accounts are offered: the commission-based Elite account suits active traders who can deposit at least $10,000, pairing lower spreads with a $5 round-turn commission; the Professional account is similar with a different stop-out level. The Standard account starts from 1.3 pips on EUR/USD, and the Prime account advertises a 0.6-pip minimum spread (note: minimums are not averages). In Luxembourg, minimum deposits are $1,000 (Standard), $5,000 (Premium), and $50,000 (Prime), with minimum spreads from 1.5 pips down to 0.8 pips. In Switzerland, Standard requires $1,000 with spreads from 1.7 pips, Premium $10,000 with 1.4 pips, and Prime $50,000 with 1.1 pips; custom pricing may be negotiated based on volume.
HYCM keeps things straightforward: its Raw account averages about 0.6 pips all-in on EUR/USD after commission, while the Classic account uses variable spreads from 1.2 pips. There’s also a Fixed account at 1.5 pips. These options make HYCM the more price-friendly pick for many traders versus Swissquote’s region-based pricing tiers.
| Feature |
Swissquote
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $1000 | $20 |
| Average spread (EUR/USD) - Standard account | N/A | 1.2 |
| All-in Cost EUR/USD - Active | N/A | 0.6 |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Comparing Swissquote vs HYCM for range of investments: both support forex trading as CFDs or spot. HYCM lists more tradeable symbols overall (1,199 vs 472), while Swissquote offers more forex pairs (80 vs 70). Each broker lets clients buy exchange-traded securities on U.S. and international markets, so you can access shares like Apple on NASDAQ or Vodafone in London without using CFDs.
Feature-wise, Swissquote includes copy trading and offers both actual cryptocurrency and crypto CFDs. HYCM provides crypto CFDs but does not offer delivered crypto or copy trading. Independent ratings reflect the difference: Swissquote earns 5 stars and ranks #2 out of 63 for Range of Investments at ForexBrokers.com, while HYCM holds 4 stars and ranks #34.
| 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. Stocks (Shares) | Yes | Yes |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | Yes | 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.
Swissquote and HYCM (Henyep Capital Markets) each check the core boxes for trading platforms and tools. Both offer a free demo account for practice, an in-house proprietary platform, a Windows desktop download, and a web-based platform. They also support MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and let you place orders directly from price charts. A key difference: Swissquote provides copy trading, while HYCM does not—useful if you want to follow and mirror other traders.
In ratings from ForexBrokers.com, Swissquote earns 4.5 out of 5 stars for Trading Platforms and Tools and ranks #12 out of 63 brokers, while HYCM scores 4 stars and ranks #41. Both include charting and watchlists, but if platform quality and category standing matter to you, Swissquote has the edge in this head-to-head comparison.
| Feature |
Swissquote
|
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) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 86 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Swissquote and HYCM (Henyep Capital Markets) both deliver capable mobile trading apps for iPhone and Android. Each app supports price alerts, offers 30 technical studies for charting, and lets you draw trendlines with drawings auto-saved for later. One limitation they share is that watchlists don’t sync between the mobile app and the online account, so changes made in one place won’t appear in the other.
Where they differ most is recognition and scores. Swissquote earns 4.5 stars for its mobile trading apps and ranks #12 out of 63 brokers on ForexBrokers.com, while HYCM holds 4 stars and ranks #38. If a higher-rated experience matters to you, Swissquote may have the edge. Still, both apps cover the essentials for traders who want alerts, technical analysis tools, and chart drawing on iOS or Android.
| Feature |
Swissquote
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Comparing Swissquote and HYCM (Henyep Capital Markets) for market research: both brokers publish daily market commentary, stream forex news from top-tier sources like Bloomberg or Reuters, and provide a global economic calendar. The main difference lies in third-party tools. Swissquote includes Autochartist for chart pattern ideas, while HYCM offers Trading Central’s technical analysis tools. Neither broker provides a built-in sentiment gauge or research from TipRanks or Acuity Trading.
According to ForexBrokers.com, Swissquote earns 4 stars and ranks #16 out of 63 brokers for Research, while HYCM is rated 3.5 stars and ranks #36. Pick Swissquote if you want Autochartist-driven trade setups; choose HYCM if you prefer Trading Central’s reports and indicators. Both deliver daily insights, quality news, and an easy-to-use economic calendar.
| Feature |
Swissquote
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | No | Yes |
| Client sentiment data | No | No |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginner traders comparing forex and CFD education, Swissquote and HYCM both offer plenty of starter-friendly videos (10+ each) that explain the basics in clear terms. Swissquote stands out by hosting client webinars at least once a month, giving newcomers a chance to ask questions and learn in real time. It also provides a wide range of advanced videos (10+), which can help you progress from beginner to more confident trader. HYCM, while strong on beginner videos, does not run monthly educational webinars and doesn’t match Swissquote’s depth for advanced topics.
These differences show up in third‑party evaluations: Swissquote earns 4 stars for Education and ranks 20th out of 63 brokers on ForexBrokers.com, while HYCM holds 3.5 stars and ranks 32nd. If you value live learning and a bigger video library that you can grow into, Swissquote has the edge. If you mainly want straightforward beginner video lessons, HYCM still covers the essentials.
| Feature |
Swissquote
|
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 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
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 86 |
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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.
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.
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 | ||
| 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) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| 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. Stocks (Shares) | Yes | Yes | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | Yes | 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 | Swissquote | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | N/A | 1.2 | |
| All-in Cost EUR/USD - Active | N/A | 0.6 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | Yes | |
| Order 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 | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | Swissquote | 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) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | Swissquote | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 86 | 30 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Swissquote | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | Yes | |
| TipRanks | No | No | |
| Client sentiment data | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | Swissquote | 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 | 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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