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 comparing commissions and fees, HYCM (Henyep Capital Markets) comes out ahead of Swissquote for most cost-conscious traders. HYCM’s Raw account offers an all-in EUR/USD cost of about 0.6 pips after commission, which is very competitive, while its Classic account starts from 1.2 pips and its fixed-spread account is set at 1.5 pips. HYCM earns a 4.5-star rating and ranks #18 out of 36 brokers for commissions and fees.
Swissquote, by contrast, tends to charge more, reflecting its appeal as a Swiss banking brand rather than a low-cost broker. Costs vary by entity and account type: Swissquote U.K. offers lower pricing than its Switzerland and Luxembourg branches, with options like the Elite account charging $5 per round-turn trade and lower spreads, while other accounts can start from 1.3 pips or higher. Across its different entities, Swissquote is generally pricier than many top forex brokers. It holds a 3.5-star rating and ranks #35 out of 36 brokers for commissions and fees.
In simple terms, HYCM is the better choice if low trading costs are your main priority, while Swissquote may appeal more to traders who value banking-name recognition and are willing to pay a bit more for it. Both brokers offer several account choices, but HYCM’s pricing is easier on the wallet overall.
| 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 (Henyep Capital Markets) both let clients trade forex as CFDs or spot contracts, and both also provide access to exchange-traded securities on U.S. and international markets. That means investors can buy real shares such as Apple on NASDAQ or Vodafone on the London Stock Exchange through either broker. Swissquote also stands out for offering copy trading and the ability to buy actual cryptocurrency, while HYCM only offers crypto CFDs and does not support copy trading.
When it comes to the overall range of investments, HYCM lists more tradeable symbols, with 1,199 compared with Swissquote’s 472. However, Swissquote offers more forex pairs, with 80 versus HYCM’s 70. These differences help explain Swissquote’s 5-star rating and #2 ranking out of 36 brokers for Range of Investments, compared with HYCM’s 4-star rating and #27 ranking.
| 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 mix of platform choices, including free demo accounts, a proprietary platform, Windows desktop downloads, web-based trading, and access to both MetaTrader 4 and MetaTrader 5. Each also lets users trade directly from charts, which can make order entry quicker and easier. For traders who want to test strategies or use a familiar third-party setup, both brokers cover the main trading platform basics well.
The bigger difference is that Swissquote also offers copy trading, while HYCM does not. Swissquote is rated higher overall for trading platforms and tools, with 4.5 out of 5 stars and a ForexBrokers.com ranking of #12 out of 36 brokers, compared with HYCM’s 4 stars and #32 ranking. For traders comparing online brokers for platform choice and extra tools, Swissquote has the edge, especially for those interested in copy trading.
| 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.
When comparing Swissquote and HYCM (Henyep Capital Markets) for mobile trading, both brokers give traders the basics most people look for in an app. Each offers iPhone and Android apps, price alerts, 30 technical studies for charting, trendline drawing, and automatic saving of chart drawings. One area where both come up short is watchlist syncing, since changes made in the mobile app do not sync with the online account.
Overall, Swissquote has the edge in mobile trading app quality. It is rated 4.5 out of 5 stars and ranks #12 out of 36 brokers at ForexBrokers.com, while HYCM is rated 4 out of 5 stars and ranks #30. For traders who want a slightly better-rated app experience, Swissquote is the stronger choice, though HYCM still offers a solid set of mobile trading tools.
| 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 daily market commentary, forex news from top sources like Bloomberg and Reuters, and an economic calendar with key global events. For basic market updates, each broker covers the main needs well. Neither broker offers sentiment tools, TipRanks, or Acuity Trading research, so their free research lineup is fairly similar in those areas.
The biggest difference comes in third-party analysis tools. Swissquote offers Autochartist, while HYCM offers Trading Central, giving each broker a different style of market research support. In ForexBrokers.com’s research category, Swissquote scores higher at 4.5 out of 5 and ranks #15 out of 36 brokers, compared with HYCM’s 3.5 out of 5 and #29 rank. This makes Swissquote the stronger choice overall for market research.
| 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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|---|---|---|
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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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