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 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
|
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 |
When it comes to commissions and fees, Swissquote is more expensive overall and is better suited to traders who value banking-brand trust over low-cost pricing. Its costs vary by entity, but even the cheaper U.K. and Luxembourg accounts tend to start higher than many budget forex brokers. Swissquote is rated 3.5/5 stars for commissions and fees and is ranked #36 out of 36 brokers in this category.
HYCM (Henyep Capital Markets) is the cheaper choice for most traders, especially on its Raw account, which offers an all-in EUR/USD cost of about 0.6 pips after commission. Its Classic account starts from 1.2 pips, and the fixed-spread account is listed at 1.5 pips. HYCM is rated 4.5/5 stars and is ranked #18 out of 36 brokers for commissions and fees.
In simple terms, HYCM offers better pricing, while Swissquote may appeal more to those who want to trade with a Swiss banking group and are willing to pay more for that name and structure. If your main goal is keeping trading costs low, HYCM has the edge. If you want a broker tied to a major Swiss financial brand, Swissquote may still be worth considering despite its higher fees.
| Feature |
Swissquote
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $1000 | $20 |
| Average spread (EUR/USD) - Spread-only account | N/A | 1.3 |
| All-in Cost EUR/USD - Raw spread account | N/A | 0.6 |
| Non-wire bank transfer (Deposit/Withdraw) | 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.
Swissquote and HYCM both let clients trade forex as either CFDs or spot contracts, and both also offer exchange-traded securities on U.S. and international markets, so each gives investors access to more than just forex. Swissquote stands out for its wider mix of everyday investment choices, including copy trading and the ability to buy actual cryptocurrency, not just crypto CFDs. HYCM also offers crypto CFDs, but it does not support copy trading or direct crypto purchases.
In terms of overall selection, HYCM lists more tradeable symbols at 1,199 compared with Swissquote’s 472, but Swissquote offers more forex pairs, with 80 versus HYCM’s 70. Even with HYCM’s larger total symbol count, Swissquote earns the higher range-of-investments score, five stars versus four, and is ranked #2 out of 36 brokers by ForexBrokers.com, while HYCM is ranked #28. For traders who want a broader set of investment features and more ways to diversify, Swissquote comes out ahead.
| 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) both give traders a strong set of platform choices, including free demo accounts, in-house platforms, Windows desktop software, web-based trading, and support for MetaTrader 4 and MetaTrader 5. Both brokers also let users trade directly from charts, which is helpful for placing orders quickly while watching price action. For traders who want to test strategies before using real money, each broker offers simulated trading.
The main difference is that Swissquote adds copy trading, while HYCM does not. Swissquote also comes out ahead in overall ratings, with 4.5 out of 5 stars for Trading Platforms and Tools and a #12 ranking out of 36 brokers on ForexBrokers.com, compared with HYCM’s 4 stars and #34 ranking. For traders comparing platform quality and trading tools, Swissquote has the edge, though HYCM still covers the core features most active traders expect.
| 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 both offer mobile trading apps for iPhone and Android, and each app includes price alerts, trendline drawing, and auto-saving for chart drawings. They also each provide 30 technical studies in the mobile charting tools, giving traders a solid set of options for basic analysis on the go. One thing neither broker offers is watchlist symbol syncing, so watchlists made in the app do not automatically match the online account.
Where they differ is in overall mobile app ratings and rankings. Swissquote is rated 4.5 out of 5 stars for mobile trading apps and ranks #12 out of 36 brokers at ForexBrokers.com, while HYCM is rated 4 out of 5 stars and ranks #32 out of 36. For traders choosing mainly on mobile experience, Swissquote has the edge, though HYCM still covers the key app features most users look for.
| 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.
When it comes to market research, both Swissquote and HYCM (Henyep Capital Markets) give traders the basics that matter most. Each broker provides daily market commentary, forex news from top sources such as Bloomberg, Reuters, or Dow Jones, and an economic calendar showing key global events. Neither one offers a sentiment tool, TipRanks, or Acuity Trading research, so the overall research setup is fairly similar at a glance.
The main difference is in the extra tools each broker includes. Swissquote offers Autochartist for chart and trade idea support, while HYCM does not. HYCM, on the other hand, includes Trading Central tools such as Technical Analytics, which Swissquote does not. Still, Swissquote comes out ahead overall in research, with a 4.5-star rating and a #15 ranking out of 36 brokers on ForexBrokers.com, compared with HYCM’s 3.5-star rating and #32 ranking.
| 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 beginners comparing Swissquote vs HYCM (Henyep Capital Markets), Swissquote comes out ahead in educational support. Swissquote offers forex and CFD education with at least 10 learning pieces, plus online educational client webinars at least once a month. It also provides at least 10 beginner videos and 10 advanced videos, giving new traders and more experienced users more ways to learn. This is reflected in its 4.5-star Education rating and its #19 ranking out of 36 brokers by ForexBrokers.com.
HYCM also offers at least 10 beginner videos and forex or CFD education with at least 10 related learning pieces, but it falls short in a few key areas for beginners. It does not offer monthly educational client webinars, and it does not have at least 10 advanced trading videos. HYCM is rated 3.5 stars for Education and ranks #28 out of 36 brokers, making Swissquote the stronger choice overall for online learning resources aimed at beginner traders.
| 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 #12, 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
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 99 | 85 |
| Range of Investments |
|
|
| Trading Fees |
|
|
| Trading Platforms |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Swissquote | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 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) |
|
|
| Regulation | Swissquote | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trust Score | 99 | 85 | |
| 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 (FSA 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 CMA 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) - Spread-only account | N/A | 1.3 | |
| All-in Cost EUR/USD - Raw spread account | 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 (Deposit/Withdraw) | 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) | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 85 | |
| Winner | check_circle | ||
| Review | Swissquote Review | HYCM (Henyep Capital Markets) Review |
IG
FOREX.com
CMC Markets
XTB
eToro
Capital.com
AvaTrade
XM
Pepperstone
FP Markets
Tickmill
HFM Markets