Written by ForexBrokers.com
In this head to head comparison of ThinkMarkets 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.
When comparing the regulatory frameworks of online brokers ThinkMarkets and HYCM (Henyep Capital Markets), there are noteworthy distinctions. ThinkMarkets, established in 2010, boasts a strong regulatory standing with five Tier-1 licenses and two Tier-2 licenses, contributing to a high Trust Score of 92 from ForexBrokers.com. HYCM, with a longer history since its founding in 1977, holds two Tier-1 and one Tier-2 license, resulting in a Trust Score of 86. This places ThinkMarkets in the highly trusted category, while HYCM is considered trusted.
Neither ThinkMarkets nor HYCM is publicly traded or operates as a bank. Investors aiming for a broker with extensive regulatory coverage might favor ThinkMarkets due to its higher number of Tier-1 licenses and superior Trust Score. However, both platforms are reputable, providing different strengths for potential clients to consider when making a decision based on trust and regulatory assurance.
| Feature |
ThinkMarkets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 2010 | 1977 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 5 | 2 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 3 | 1 |
ThinkMarkets is a competitive choice for traders looking for reasonable commission and fee structures. Despite the absence of average spread data, ThinkMarkets still secures a commendable ranking with a 4-star rating for its cost-effectiveness. According to ForexBrokers.com, ThinkMarkets is positioned at #47 out of 63 brokers in the Commissions and Fees category, indicating room for improvement but still maintaining a solid place in the market.
On the other hand, HYCM (Henyep Capital Markets) offers competitive pricing, especially with its Raw account, which provides an all-in cost of approximately 0.6 pips for the EUR/USD pair, post-commission. For more conventional options, its Classic account features a variable spread starting from 1.2 pips, while a fixed-spread account is also available at 1.5 pips. HYCM excels in this category, garnering a 4.5-star rating and ranking #15 among 63 brokers evaluated by ForexBrokers.com, reflecting its robust pricing strategy and value for traders.
In summary, both ThinkMarkets and HYCM deliver strong value in terms of commissions and fees, each catering to different trader preferences. While ThinkMarkets offers a straightforward fee structure, HYCM stands out with its varied account options, consistently lower costs for active traders, and a higher ranking and star rating. Traders may choose between these brokers based on their individual trading strategies and budget considerations.
| Feature |
ThinkMarkets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $50 | $20 |
| Average Spread EUR/USD - Standard | 1.1 | 1.2 |
| All-in Cost EUR/USD - Active | N/A | 0.6 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
ThinkMarkets and HYCM (Henyep Capital Markets) both provide forex trading via CFDs or spot contracts, appealing to traders interested in currency markets. ThinkMarkets impresses with an extensive selection of 4,000 tradeable symbols, while HYCM offers a narrower choice with 1,199 symbols. In the forex arena, HYCM outpaces ThinkMarkets by offering 70 forex pairs against ThinkMarkets' 46. However, when diving into stock market opportunities, ThinkMarkets shines on international exchanges, letting clients purchase shares like Vodafone from the London Stock Exchange, although they lack offerings on U.S. exchanges. In contrast, HYCM supports trading of exchange-traded securities on both U.S. and international exchanges, allowing customers to invest in major firms such as Apple on NASDAQ.
For those exploring copy trading, ThinkMarkets offers this feature, expanding strategies by mirroring seasoned traders, while HYCM does not provide a similar tool. Cryptocurrency traders might be disappointed by both brokers, as neither allows for the purchase of actual cryptocurrencies; however, they both facilitate trading in crypto derivatives. Overall, ThinkMarkets gains a slight edge with a 4.5-star rating in Range of Investments compared to HYCM’s 4 stars. As ranked by ForexBrokers.com, ThinkMarkets holds the #22 spot out of 63 brokers in this category, while HYCM is positioned at #33. These noteworthy differences in services and product offerings cater to various investor interests and needs.
| Feature |
ThinkMarkets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4000 | 1199 |
| Forex Pairs (Total) | 46 | 70 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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.
When comparing the trading platforms and tools offered by ThinkMarkets and HYCM, both brokers bring competitive features to the table. Each provides a free demo account, allowing users to practice trading with virtual funds. They have developed their own proprietary platforms, alongside supporting popular platforms like MetaTrader 4 and MetaTrader 5, available on both Windows desktop and web browsers. ThinkMarkets, however, sets itself apart by offering copy trading, a feature that HYCM lacks. Both brokers do not support DupliTrade or ZuluTrade, but they enable direct trading from their stock charts. When it comes to charting, both offer 15 drawing tools, though neither discloses the number of technical indicators available.
In terms of customization, ThinkMarkets provides 15 columns for watch lists compared to HYCM's 7. This level of detail can significantly enhance the trading experience by offering better market tracking. Both brokers are rated four stars for their trading platforms and tools, suggesting quality in the services they provide. However, according to ForexBrokers.com, ThinkMarkets ranks higher at #28 out of 63 brokers in the Trading Platforms and Tools category, while HYCM is positioned at #40, indicating a preference for ThinkMarkets in terms of overall platform performance and features.
| Feature |
ThinkMarkets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 15 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both ThinkMarkets and HYCM offer convenient mobile trading solutions that include apps available for iPhone and Android users. Traders with ThinkMarkets and HYCM can stay informed with stock or forex price alerts and have the capability to view multiple time frames and draw trendlines on charts. Additionally, auto-saving of drawings and creating watchlists with real-time quotes are features provided by both brokers. However, neither platform supports syncing watchlist symbols between the mobile app and the online account, which might be a consideration for users who value seamless integration.
When it comes to technical studies, ThinkMarkets outshines HYCM by offering 94 options compared to HYCM's 30. This might appeal to users who value comprehensive charting tools. User ratings for mobile trading apps are identical for both brokers, with each receiving a solid 4 out of 5 stars. However, in the overall industry rankings by ForexBrokers.com, ThinkMarkets holds a higher position at #20 compared to HYCM at #37 among 63 brokers, suggesting a slightly better user experience or feature set. These insights can help traders choose the app that best suits their trading style and needs.
| Feature |
ThinkMarkets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 94 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When considering market research options, both ThinkMarkets and HYCM deliver daily market commentary and access to forex news from leading sources like Bloomberg and Reuters. However, their offerings diverge when it comes to specialized tools. HYCM incorporates advanced analysis through Trading Central, providing technical insights, whereas ThinkMarkets employs sentiment-based trading tools that reveal long or short positions across various instruments. Acuity Trading's sophisticated research tools are part of ThinkMarkets' arsenal, in contrast to HYCM, which does not offer them.
Both brokers include economic calendars to keep traders informed of upcoming global events, yet their overall research ratings are evenly matched at 3.5 stars. Despite this parity in ratings, HYCM holds a superior position, ranked 35th out of 63 by ForexBrokers.com, while ThinkMarkets comes in at 50th. This ranking indicates that while both brokers cater to different research needs, HYCM generally fares better in overall market research efficiency.
| Feature |
ThinkMarkets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational offerings for beginners between ThinkMarkets and HYCM, both brokers provide more than 10 educational pieces such as articles, videos, and archived webinars focused on forex and CFDs, making them valuable resources for those new to online trading. However, ThinkMarkets holds a slight advantage with its monthly online educational webinars, whereas HYCM does not offer this feature. Both brokers provide a searchable archive of past webinars, allowing users to access information at their convenience.
For those looking to gain foundational knowledge, both ThinkMarkets and HYCM offer at least 10 beginner-focused educational videos. ThinkMarkets goes a step further by providing advanced educational videos for experienced traders, which is not available with HYCM. Additionally, both platforms include an investor dictionary with over 50 terms defined to aid learning. Despite having identical education ratings of 3.5 stars out of 5, HYCM ranks higher in the ForexBrokers.com education category, coming in at #32 out of 63 brokers, while ThinkMarkets is positioned at #52.
| Feature |
ThinkMarkets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that ThinkMarkets is better than HYCM (Henyep Capital Markets). ThinkMarkets finished with an overall rank of #27, while HYCM (Henyep Capital Markets) finished with an overall rank of #29.
ThinkMarkets has multiple regulatory license and offers a proprietary trading platform, as well as the entire MetaTrader suite. The broker has made progress in key areas, such as research and education, and the range of markets available, although trails behind the best brokers in these categories.
| Feature |
ThinkMarkets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 92 | 86 |
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Neither ThinkMarkets nor HYCM (Henyep Capital Markets) provides the option to buy actual delivered cryptocurrency, but both brokers offer the ability to trade cryptocurrency derivatives.
Both ThinkMarkets and HYCM (Henyep Capital Markets) do not support ACH or SEPA transfers or PayPal for funding accounts, but they both allow deposits and withdrawals via Skrill, Visa, Mastercard, and bank wires, providing multiple reliable transaction methods for traders.
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 | ThinkMarkets | HYCM (Henyep Capital Markets) | |
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| Trust Score | 92 | 86 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | ThinkMarkets | HYCM (Henyep Capital Markets) | |
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| Regulation | ThinkMarkets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trust Score | 92 | 86 | |
| Year Founded | 2010 | 1977 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | 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 | 3 | 1 |
| Tier-1 Licenses (Highly Trusted) | ThinkMarkets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | ThinkMarkets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | ThinkMarkets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 4000 | 1199 | |
| Forex Pairs (Total) | 46 | 70 | |
| U.S. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | ThinkMarkets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.1 | 1.2 | |
| All-in Cost EUR/USD - Active | N/A | 0.6 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | ThinkMarkets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | $50 | $20 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | ThinkMarkets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | ThinkMarkets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 15 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | ThinkMarkets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 94 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | ThinkMarkets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | ThinkMarkets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | ThinkMarkets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | HYCM (Henyep Capital Markets) Review |
| Overall | ThinkMarkets | HYCM (Henyep Capital Markets) | |
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| Trust Score | 92 | 86 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review |
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