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 |
Comparing commissions and fees, HYCM (Henyep Capital Markets) provides clearer, more detailed pricing than ThinkMarkets. HYCM earns 4.5 out of 5 stars and ranks 16th out of 63 brokers for commissions and fees on ForexBrokers.com. ThinkMarkets earns 4 out of 5 stars and ranks 48th out of 63.
ThinkMarkets does not provide average spread data, which makes direct, apples-to-apples cost comparisons harder. Its 4-star rating and #48 ranking suggest decent pricing, but you’ll likely need to check live quotes or account disclosures to gauge your actual trading costs.
HYCM publishes multiple pricing options: the Raw account has an all-in cost of about 0.6 pips on EUR/USD (after commission), the Classic account has variable spreads starting from 1.2 pips, and the fixed-spread account posts 1.5 pips. For traders seeking low spreads on major pairs with transparent costs, HYCM’s structure is appealing, reflected in its higher 4.5-star rating and better #16 ranking for commissions and fees.
| 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 support forex trading via CFD or spot contracts, and each offers crypto exposure through derivatives (neither lets you buy actual crypto). ThinkMarkets lists about 4,000 tradeable symbols and 46 forex pairs, plus copy trading. HYCM offers about 1,199 symbols but a larger set of 70 forex pairs. For exchange-traded securities (not CFDs), HYCM lets you buy U.S. stocks like Apple on U.S. exchanges, while ThinkMarkets does not; both brokers provide access to exchange-traded shares on international markets.
For Range of Investments, ThinkMarkets is rated 4.5/5 stars and ranks 24th out of 63 brokers at ForexBrokers.com; HYCM is rated 4/5 stars and ranks 34th. In short, ThinkMarkets suits traders who want more total markets and copy trading, while HYCM appeals to those who prioritize more forex pairs and the ability to buy U.S.-listed shares directly.
| 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.
ThinkMarkets and HYCM (Henyep Capital Markets) both check the key boxes for platform access: each provides a free demo account, an in-house proprietary platform, Windows desktop software, and a web-based platform. They also support MetaTrader 4 (MT4) and MetaTrader 5 (MT5). One notable difference is copy trading—ThinkMarkets offers it, while HYCM does not. Neither broker supports DupliTrade or ZuluTrade, and both let you place trades directly from a chart.
For charting, both brokers include 15 drawing tools, while the exact number of built-in indicators isn’t specified. Watch lists are more flexible at ThinkMarkets, which offers 15 columns versus 7 at HYCM. In independent reviews of Trading Platforms and Tools, both earn 4 out of 5 stars; however, ThinkMarkets ranks #28 out of 63 brokers on ForexBrokers.com, ahead of HYCM at #41.
| 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.
ThinkMarkets and HYCM (Henyep Capital Markets) both offer mobile trading apps for iPhone and Android, complete with price alerts, real-time quote watchlists, trendline drawing, multiple time frames, and auto-saved chart drawings. Neither app syncs watchlist symbols with the online platform, which may matter if you switch devices often. Both earn 4 out of 5 stars for mobile trading apps.
The biggest difference is charting depth: ThinkMarkets provides 94 technical studies, while HYCM offers 30. That added range helps ThinkMarkets stand out for traders who rely heavily on technical indicators. This edge is reflected in ForexBrokers.com rankings, where ThinkMarkets is #20 out of 63 brokers for Mobile Trading Apps, compared with HYCM at #38. If you want more indicators and chart tools, ThinkMarkets has the advantage; if your needs are simpler, HYCM still covers the essentials for trading on the go.
| 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.
ThinkMarkets and HYCM (Henyep Capital Markets) both cover the basics for market research, offering daily market commentary, an economic calendar, and real-time forex news from top-tier sources like Bloomberg and Reuters. Where they differ is in the extra tools: HYCM includes Trading Central analysis, while ThinkMarkets counters with a built-in sentiment tool and research from Acuity Trading (such as Signal Centre). Neither broker provides Autochartist or TipRanks.
According to ForexBrokers.com, both brokers earn 3.5 stars for Research, but HYCM ranks higher overall (#36 of 63) than ThinkMarkets (#51 of 63). If you prefer Trading Central, HYCM is the better fit; if you want a sentiment gauge and Acuity-powered ideas alongside core news and commentary, ThinkMarkets stands out.
| 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) | |||
| 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) | |||
| 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) |
| 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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