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 (Henyep Capital Markets) is generally cheaper than Swissquote for trading popular pairs like EUR/USD. HYCM earns 4.5/5 stars and ranks #18 of 63 for Commissions and Fees, while Swissquote earns 3.5/5 stars and ranks #35 of 63. If your top priority is low costs, HYCM’s pricing structure has the edge; Swissquote’s appeal is more about banking stature than bargain spreads.
Swissquote’s costs vary by entity. In the U.K., traders can choose four accounts; the Elite account suits active traders who deposit at least $10,000, pairing lower spreads with a $5 commission per round-turn trade. The Standard account starts at 1.3 pips on EUR/USD, and the Prime account shows a minimum (not average) spread from 0.6 pips. The U.K. setup tends to have lower costs and lighter deposit requirements than Swissquote’s Switzerland and Luxembourg locations, but with a narrower product list. In Luxembourg, minimum spreads run from 1.5 pips (Standard, $1,000 minimum) to 0.8 pips (Prime, $50,000 minimum). In Switzerland, forex accounts start at 1.7 pips (Standard, $1,000), drop to 1.4 pips (Premium, $10,000), and 1.1 pips (Prime, $50,000), with custom pricing negotiable for high volume.
HYCM keeps pricing straightforward: the Raw account delivers an all-in cost around 0.6 pips on EUR/USD after commission, the Classic account has variable spreads from 1.2 pips, and the fixed-spread account sits at 1.5 pips. For traders focused on tighter all-in costs, HYCM’s Raw account is typically more attractive than Swissquote’s offerings.
| 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 you trade forex as CFDs or spot contracts, and both give access to real exchange-traded shares in the U.S. and on international markets (think Apple in the U.S. and Vodafone in London). HYCM lists more total tradable symbols overall (1199 vs. 472), while Swissquote offers more forex pairs (80 vs. 70). For Range of Investments, Swissquote earns 5 stars and ranks #2 out of 63 brokers at ForexBrokers.com, whereas HYCM scores 4 stars and ranks #27.
Where they differ most is in extras. Swissquote supports copy trading and lets you buy actual cryptocurrency in addition to crypto CFDs. HYCM does not offer copy trading or delivered crypto, but it does offer crypto CFDs. In short, pick Swissquote if you want copy trading, actual crypto, and a deeper list of forex pairs; pick HYCM if you value a bigger overall catalog of tradable symbols.
| 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.
Comparing Swissquote vs HYCM on trading platforms and tools, both brokers check the key boxes: free demo (paper) trading, their own in-house platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5), plus Windows desktop downloads and web-based platforms. Each lets you place trades directly from charts, which is handy for timing entries and exits.
The standout difference is copy trading: Swissquote offers it, while HYCM does not. Independent ratings from ForexBrokers.com back up the overall platform experience, with Swissquote scoring 4.5/5 stars and ranking #12 out of 63 brokers for Trading Platforms and Tools, compared with HYCM’s 4/5 stars and a #32 ranking. If copy trading and higher-rated tools matter to you, Swissquote may have the edge; if you simply need MT4/MT5 with both web and desktop access, either broker can fit the bill.
| 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 on iPhone and Android. Each app supports price alerts, 30 technical studies for charting, drawing trendlines, and automatically saving your chart drawings. One shared drawback is watchlist symbol syncing: neither broker syncs watchlists between the mobile app and your online account, so you’ll need to update lists separately on each platform.
Where they differ is user feedback and industry ranking. Swissquote’s mobile trading app holds a 4.5-star rating and is ranked 12th out of 63 brokers for Mobile Trading Apps by ForexBrokers.com. HYCM’s app earns 4 stars and ranks 30th. If you want a higher-rated, more polished mobile experience, Swissquote has the edge; if you’re satisfied with similar charting tools and alerts, HYCM remains a solid alternative.
| 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 vs HYCM (Henyep Capital Markets) for market research, both brokers deliver daily market commentary, stream forex news from top-tier sources like Bloomberg or Reuters, and include an economic calendar for tracking key events. In independent assessments, Swissquote earns 4 out of 5 stars for Research and ranks #15 out of 63 brokers on ForexBrokers.com, while HYCM scores 3.5 stars and ranks #29.
Their toolsets differ: Swissquote integrates Autochartist for technical and fundamental insights, whereas HYCM offers Trading Central, including features such as Technical Analytics. Neither broker provides a sentiment tool, TipRanks research, or Acuity Trading tools like Signal Centre. If you want Autochartist, Swissquote stands out; if you prefer Trading Central, HYCM is the better fit.
| 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 exploring forex and CFD education, both Swissquote and HYCM offer at least 10 beginner-friendly videos that explain trading basics in clear terms. Swissquote goes further with monthly client webinars, which can help you build skills week by week, and it also provides 10+ advanced videos for when you’re ready to level up. HYCM does not run monthly educational webinars and doesn’t match Swissquote’s volume of advanced video lessons, but it still delivers a helpful set of beginner videos to get you started.
Independent ratings reflect these differences: Swissquote earns 4 stars for Education and ranks #19 out of 63 brokers at ForexBrokers.com, while HYCM scores 3.5 stars and ranks #27. If you want a learning path that grows with you—beginner content plus ongoing webinars and advanced videos—Swissquote has the edge. If you mainly need a solid base of beginner videos without the extras, HYCM can still fit the bill.
| 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 | 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 (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 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 | 1.3 | |
| 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 | 86 | |
| Winner | check_circle | ||
| Review | Swissquote Review | HYCM (Henyep Capital Markets) Review |
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