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 |
When it comes to evaluating online brokers on commissions and fees, ThinkMarkets holds a rating of 4 stars. However, there’s limited data available regarding their average spread, making a direct comparison challenging. Positioned at #48 out of 62 brokers in the ForexBrokers.com Commissions and Fees category, ThinkMarkets may not be at the top of the list, but it offers a competitive edge that appeals to many traders.
In contrast, HYCM (Henyep Capital Markets) shines with a higher rating of 4.5 stars for commissions and fees. It ranks #15 among 62 brokers as per ForexBrokers.com. HYCM features an attractive pricing structure, especially with its Raw account which presents an all-in cost of approximately 0.6 pips for the EUR/USD currency pair, inclusive of commissions. The Classic account, with a variable spread beginning at 1.2 pips, and the fixed-spread account, with a spread of 1.5 pips, cater to different trading preferences, offering flexibility and value.
| 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) cater to diverse investor needs with their range of investment options. Both brokers offer forex trading as CFDs or spot contracts, though they distinguish themselves in their available tradeable symbols. ThinkMarkets provides a substantial variety with 4,000 tradeable symbols, which significantly surpasses HYCM's 1,199. However, in the realm of forex pairs, HYCM takes the lead with 70 options, compared to ThinkMarkets' 46. When it comes to exchange-traded securities on U.S. exchanges, HYCM provides access that ThinkMarkets does not, though both offer international options like Vodafone on the London Stock Exchange.
ThinkMarkets also stands out with its copy trading feature, which is not available at HYCM. While neither broker offers actual cryptocurrency purchasing, both facilitate trading in cryptocurrency derivatives. According to ForexBrokers.com, ThinkMarkets is ranked #21 among 62 brokers for its range of investments, boasting a 4.5-star rating. This places it ahead of HYCM, which is ranked #33 with a 4-star rating. Overall, each broker has its strengths, making them competitive choices depending on individual investment 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.
ThinkMarkets and HYCM both offer competitive platforms and tools for traders, catering to various preferences and needs. Both brokers provide simulated trading through free virtual demo accounts, allowing users to practice without financial risk. Each broker has developed a proprietary platform, ensuring users experience a unique trading environment tailored to their offerings. For those preferring desktop solutions, both ThinkMarkets and HYCM offer Windows-based trading platforms, as well as the option for web-based trading directly through browsers. MetaTrader 4 and MetaTrader 5 are available on both platforms, but ThinkMarkets steps ahead with additional support for copy trading—an option not available with HYCM.
Charting capabilities at both brokers include 15 drawing tools, facilitating detailed market analyses. ThinkMarkets and HYCM also allow trading directly from stock charts, simplifying rapid trade executions. However, ThinkMarkets offers a more extensive watch list experience with 15 columns compared to HYCM's 7, providing greater capacity for data monitoring. In terms of accolades, both receiving 4-star ratings for their trading platforms and tools, ThinkMarkets is slightly more favored, ranking 28th compared to HYCM's 40th place in a review of 62 brokers by ForexBrokers.com.
| 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.
When it comes to mobile trading apps, both ThinkMarkets and HYCM provide comprehensive solutions for traders using both iPhone and Android devices. Users can stay informed and make timely decisions with stock and forex price alerts available on both platforms. However, neither app supports watchlist symbol syncing, which means changes made on mobile do not automatically update in the online account. Traders who rely heavily on technical studies will find ThinkMarkets more appealing, offering a substantial 94 technical studies compared to HYCM's 30. Both apps allow users to draw trendlines and view charts over multiple time frames, such as daily or weekly, and both will auto-save chart drawings for user convenience.
Creating a watchlist with real-time quotes is supported by both ThinkMarkets and HYCM mobile platforms. Despite these similarities, ThinkMarkets slightly edges out in rankings. ThinkMarkets has a user rating of 4 stars and is ranked 20th out of 62 brokers on ForexBrokers.com for its mobile trading app. In contrast, HYCM also holds a 4-star rating but is placed 37th in the same category. This ranking difference is an important consideration for traders who prioritize the features and functionalities of a higher-ranked app for their mobile trading experience.
| 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 both deliver daily market commentary and provide forex news from top-tier sources, ensuring traders stay informed with timely updates. However, when it comes to specialized tools, the two brokers differ. HYCM offers research tools from Trading Central, providing advanced technical analytics, while ThinkMarkets does not. On the other hand, ThinkMarkets offers a sentiment-based trading tool to track the ratio of long and short positions, a feature HYCM lacks. Additionally, ThinkMarkets provides research tools from Acuity Trading, such as Signal Centre, unlike HYCM.
Both brokers offer an economic calendar, facilitating better market analysis by showcasing global news events. With a research rating of 3.5 stars each, ThinkMarkets and HYCM have room for improvement, according to their respective rankings by ForexBrokers.com. ThinkMarkets is positioned at #50, whereas HYCM stands higher at #35 out of 62 brokers. This comparison highlights that while both brokers provide essential market insights, the differentiating factors may influence a trader’s choice based on specific tool preferences.
| 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 resources available for beginners from ThinkMarkets and HYCM (Henyep Capital Markets), both brokers offer a commendable range of content focused on forex and CFDs, featuring more than ten educational pieces, including articles, videos, and archived webinars. However, ThinkMarkets takes a slight edge by providing monthly online educational webinars, which are absent in HYCM's offering. Both platforms boast archives of past webinars and beginner-friendly educational videos, catering to those new to trading.
ThinkMarkets further distinguishes itself with a collection of advanced educational videos tailored for seasoned traders, unlike HYCM. Both brokers supply an investor dictionary with over 50 definitions to aid in demystifying trading jargon for new investors. Despite these distinct differences in offerings, each broker receives an equal rating of 3.5 stars for education, though HYCM ranks higher at #32, while ThinkMarkets sits at #52 out of 62 brokers evaluated by ForexBrokers.com.
| 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 62 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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