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) - Standard account | N/A | 1.3 |
| 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.
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 both give traders a solid choice of tools, including free demo accounts, their own in-house platform, Windows desktop software, web trading, MetaTrader 4, MetaTrader 5, and the ability to place trades directly from charts. This means either broker can suit beginners who want to practice first as well as active traders who need access across desktop and browser. Both also support chart-based trading, which can make it easier to react quickly to market moves.
The main difference is that Swissquote also offers copy trading, while HYCM does not. Swissquote is rated 4.5 out of 5 for Trading Platforms and Tools and is ranked #12 out of 36 brokers by ForexBrokers.com, compared with HYCM’s 4 out of 5 rating and #33 ranking. For traders looking for a wider set of platform features and a stronger overall score, Swissquote has the edge here.
| 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 give traders mobile apps for iPhone and Android, plus price alerts for stocks or forex, making it easy to follow the market while on the move. Each app also offers 30 technical studies, trendline drawing, and auto-saving for chart drawings. One key difference is that neither broker supports watchlist symbol syncing between the mobile app and the online account, so changes do not carry over automatically.
When it comes to overall mobile trading app quality, Swissquote has the edge. It is rated 4.5 out of 5 stars and ranks #12 out of 36 brokers in this category on ForexBrokers.com. HYCM also performs well, with a 4-star rating, but it ranks lower at #31 out of 36. If mobile trading app features and user experience matter to you, Swissquote comes out ahead, while HYCM still covers the main tools most traders need.
| 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.
Swissquote and HYCM both give traders useful market research features, including daily market commentary, forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones, plus an economic calendar for tracking global events. In this area, the two brokers cover the basics well and should meet the needs of many everyday traders looking for timely updates and market context.
The main difference is in the extra research tools each broker offers. Swissquote includes Autochartist, which can help with technical and fundamental analysis, while HYCM offers Trading Central’s Technical Analytics instead. Neither broker provides sentiment tools, TipRanks, or Acuity Trading research. Overall, Swissquote scores higher for research at 4.5 stars and ranks #15 out of 36 brokers on ForexBrokers.com, while HYCM holds a 3.5-star rating and ranks #30.
| 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.
When comparing Swissquote and HYCM (Henyep Capital Markets) for beginner-friendly learning tools, Swissquote comes out ahead. Swissquote offers forex and CFDs education with at least 10 learning pieces, monthly online client webinars, and more than 10 beginner videos as well as more than 10 advanced videos. That makes it a better choice for new traders who want a wider range of lessons and ongoing support as they learn the basics of trading.
HYCM also offers at least 10 beginner trading videos and forex or CFDs education, but it does not provide monthly educational webinars and does not appear to have at least 10 advanced videos for experienced traders. In ForexBrokers.com’s Education category, Swissquote is rated 4.5 out of 5 stars and ranked #19 out of 36 brokers, while HYCM is rated 3.5 stars and ranked #27. Overall, Swissquote provides the stronger education offering for beginners.
| 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 #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
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HYCM (Henyep Capital Markets)
|
|---|---|---|
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| Trust Score | 99 | 85 |
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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 | 85 | |
| 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 | 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) - Standard account | N/A | 1.3 | |
| 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 | 85 | |
| Winner | check_circle | ||
| Review | Swissquote Review | HYCM (Henyep Capital Markets) Review |
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