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 account | 1.1 | 1.2 |
| All-in Cost EUR/USD - Active | N/A | 0.6 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | |
| Skrill (Deposit/Withdraw) | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes |
Dive deeper: Best Low Spread Forex Brokers.
ThinkMarkets and HYCM both support forex trading, offered as CFDs or spot contracts. ThinkMarkets lists about 4,000 tradeable symbols versus HYCM’s 1,199, but HYCM offers more forex pairs (70 vs 46). In ForexBrokers.com’s Range of Investments ratings, ThinkMarkets scores 4.5/5 and ranks 24th out of 63 brokers, while HYCM scores 4/5 and ranks 34th.
For stocks, HYCM lets you buy exchange-traded U.S. shares, while ThinkMarkets does not; both provide access to exchange-traded shares on international exchanges. ThinkMarkets supports copy trading, whereas HYCM does not. Neither broker sells actual cryptocurrency, but both offer cryptocurrency CFDs. In short: choose HYCM if you want U.S. stocks or more forex pairs, and ThinkMarkets if you want a larger overall symbol list and copy trading.
| 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. Stocks (Shares) | No | Yes |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | No | 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.
ThinkMarkets and HYCM (Henyep Capital Markets) both cover the essentials for platforms and tools. Each offers a free demo account for paper trading, a proprietary in-house platform, Windows desktop software, a web-based platform, MetaTrader 4 (MT4) and MetaTrader 5 (MT5), plus the ability to place trades directly from charts. The key difference is copy trading: ThinkMarkets supports it, while HYCM does not—an advantage for investors who want to mirror other traders or automate signals.
In independent testing of trading platforms and tools, both brokers earned 4 out of 5 stars. ThinkMarkets ranked #28 of 63 brokers, while HYCM ranked #41, giving ThinkMarkets a slight edge for platform breadth. Exact features—such as available technical indicators and watchlist customization—can vary by platform version, so it’s smart to check the current specs that match your device and account.
| Feature |
ThinkMarkets
|
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) | 30 | 30 |
| Charting - Trade From Chart | Yes | Yes |
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. Each app supports price alerts and lets you draw trendlines on charts, with drawings auto-saving for future sessions. One notable limitation for both brokers is that watchlists created in the mobile app do not sync with the online account.
For charting tools, ThinkMarkets offers 94 technical studies, while HYCM includes 30. Both apps earn 4 stars for Mobile Trading Apps, but ForexBrokers.com ranks ThinkMarkets higher at #20 out of 63 brokers, compared with HYCM at #38. If you want deeper built-in indicators on mobile, ThinkMarkets has the edge; if you need core features with alerts and drawing tools, HYCM also fits the bill.
| Feature |
ThinkMarkets
|
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 | 94 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | 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 (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central | No | Yes |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginner traders comparing forex and CFD education, both ThinkMarkets and HYCM offer at least 10 beginner-focused videos that explain trading basics in plain terms. ThinkMarkets stands out for hosting monthly live educational webinars, giving new traders a chance to ask questions and learn in real time, while HYCM does not run monthly webinars. As you progress, ThinkMarkets also provides 10+ advanced videos for more experienced topics, whereas HYCM does not offer a similar volume of advanced video lessons.
Both brokers earn 3.5 out of 5 stars for Education from ForexBrokers.com. However, HYCM ranks higher overall in the Education category (#32 of 63) compared with ThinkMarkets (#52 of 63). If live guidance and a deeper path into advanced topics matter to you, ThinkMarkets may be the better fit. If you prefer a provider with a higher category rank and strong beginner video coverage, HYCM is worth a look.
| Feature |
ThinkMarkets
|
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 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
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HYCM (Henyep Capital Markets)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 92 | 86 |
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ThinkMarkets vs HYCM (Henyep Capital Markets): neither broker offers the ability to buy actual, delivered cryptocurrencies, but both support trading cryptocurrency CFDs.
ThinkMarkets vs HYCM (Henyep Capital Markets): both lack ACH/SEPA for deposits and withdrawals; HYCM disallows PayPal, supports Skrill and bank wire transfers (Visa/Mastercard not specified), while ThinkMarkets’ availability for PayPal, Skrill, Visa/Mastercard, and bank wires is not specified.
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, FSRA, or SCA 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. Stocks (Shares) | No | Yes | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | No | 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 | ThinkMarkets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.1 | 1.2 | |
| 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 | ThinkMarkets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | $50 | $20 | |
| PayPal (Deposit/Withdraw) | No | ||
| Skrill (Deposit/Withdraw) | Yes | ||
| Bank Wire (Deposit/Withdraw) | Yes | ||
| Non-wire bank transfer | No | No |
| Trading Platforms | ThinkMarkets | 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 | ThinkMarkets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 94 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | ThinkMarkets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central | No | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | ThinkMarkets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | ThinkMarkets | 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 | 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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