Written by ForexBrokers.com
In this head to head comparison of Tickmill 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.
Tickmill (founded 2014) and HYCM (Henyep Capital Markets, founded 1977) are both online brokers that are not publicly traded and are not banks. Each holds a ForexBrokers.com Trust Score of 85 out of 99, which falls in the “trusted” range (80–89 on the scale).
On regulation, both brokers hold two Tier-1 licenses (considered highly trusted by ForexBrokers.com). Tickmill also holds two Tier-2 licenses, while HYCM holds one Tier-2 license. In practical terms, both offer strong top-tier oversight, with Tickmill carrying one additional mid-tier license compared to HYCM.
| Feature |
Tickmill
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 2014 | 1977 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
Tickmill and HYCM (Henyep Capital Markets) both score highly for commissions and fees, with each broker earning 4.5 out of 5 stars. Still, Tickmill comes out ahead in the rankings, placing #10 out of 36 brokers for this category, while HYCM ranks #18 out of 36. For cost-conscious traders, that makes Tickmill the stronger pick overall, especially for those who trade often.
Tickmill offers two main account types: Classic and Raw. The Classic account has no commission, but its spreads are wider, averaging 1.76 pips as of August 2023. The Raw account is built for lower trading costs, with commissions of $3 per side per standard lot and typical EUR/USD spreads of 0.11 pips under normal market conditions. Even after the commission, the all-in cost is still low, which helps explain why Tickmill is seen as a good option for active traders.
HYCM also offers competitive pricing, but its setup is a little less attractive for most traders. Its Raw account has an all-in EUR/USD cost of about 0.6 pips after commission, while the Classic account starts from 1.2 pips and the fixed-spread account is 1.5 pips. In simple terms, HYCM is still reasonably priced, but Tickmill generally offers the better mix of low spreads and overall trading cost.
| Feature |
Tickmill
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $100 | $20 |
| Average spread (EUR/USD) - Standard account | 1.70 | 1.3 |
| All-in Cost EUR/USD - Active | 0.70 | 0.6 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Tickmill and HYCM both let clients trade forex as CFDs or spot contracts, and both also offer cryptocurrency CFDs rather than actual digital coins. Tickmill provides 637 tradeable symbols and 62 forex pairs, while HYCM offers a wider selection with 1,199 tradeable symbols and 70 forex pairs. In plain terms, HYCM gives traders more choice across markets, while Tickmill still covers the main trading categories many people look for.
The bigger difference is in share investing. HYCM allows clients to buy real, exchange-traded stocks on both U.S. and international exchanges, such as Apple and Vodafone, while Tickmill does not offer actual share dealing. On the other hand, Tickmill supports copy trading and HYCM does not. For range of investments, HYCM is rated 4 out of 5 stars and ranks #27 out of 36 brokers at ForexBrokers.com, compared with Tickmill’s 3.5 stars and #30 ranking.
| Feature |
Tickmill
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 637 | 1199 |
| Forex Pairs (Total) | 62 | 70 |
| U.S. Stocks (Shares) | No | Yes |
| Global Stocks (Non-U.S. Shares) | No | 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.
Tickmill and HYCM both give traders a solid set of platform choices, including free demo accounts, Windows desktop downloads, web-based access, MetaTrader 4, and MetaTrader 5. Each broker also lets users place trades directly from charts, which can make it easier to react quickly while watching the market. In ForexBrokers.com’s Trading Platforms and Tools review, both brokers earned 4 out of 5 stars, so their overall platform offering is well regarded.
The main difference is that HYCM offers its own in-house trading platform, while Tickmill does not. On the other hand, Tickmill supports copy trading, and HYCM does not. That gives Tickmill an edge for traders who want to follow other investors, while HYCM may appeal more to those looking for a broker-built platform alongside the standard MetaTrader options. In the same category, Tickmill ranked #24 out of 36 brokers, compared with HYCM at #32, which puts Tickmill slightly ahead overall for trading platforms and tools.
| Feature |
Tickmill
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | 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) | 97 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Tickmill and HYCM both offer iPhone and Android apps, so traders can place trades and manage accounts from either mobile platform. Each app also lets users draw trendlines on charts, and both brokers earn a 4 out of 5 rating for mobile trading apps. In ForexBrokers.com’s ranking of 36 brokers, Tickmill places higher at #25, while HYCM comes in at #30.
Where the two differ is in the details that matter for day-to-day use. HYCM offers stock and forex price alerts and can auto-save chart drawings, which may be helpful for active traders who want updates and easier chart work. Tickmill, on the other hand, supports watchlist symbol syncing between the mobile app and online account, and it offers a much larger set of technical studies in its app, with 97 compared with HYCM’s 30.
| Feature |
Tickmill
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | No | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 97 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, Tickmill and HYCM both give traders daily market commentary and an economic calendar to track upcoming global events. However, HYCM has the edge for news and third-party research, since it offers forex news from major sources like Bloomberg, Reuters, or Dow Jones, plus Trading Central tools. Tickmill does not provide those top-tier news feeds or Trading Central, but it does include Acuity Trading research tools such as Signal Centre, which HYCM does not.
Neither broker offers Autochartist, sentiment tools, or TipRanks research. Overall, Tickmill scores slightly higher for research, with a 4-star rating and a #19 rank out of 36 brokers at ForexBrokers.com, compared with HYCM’s 3.5-star rating and #29 rank. For traders who want more news-driven market insight, HYCM may be the better fit, while Tickmill stands out for its Acuity Trading tools.
| Feature |
Tickmill
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central | No | Yes |
| Client sentiment data | No | No |
| TipRanks | No | No |
| Acuity Trading | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners looking for trading education, Tickmill comes out ahead of HYCM (Henyep Capital Markets) overall. Tickmill offers forex and CFD learning content, monthly educational webinars, at least 10 beginner-focused videos, and also 10 or more advanced videos for traders who want to go further. That wider mix helps new traders start with the basics and keep learning as they gain experience. Tickmill is rated 4 out of 5 stars for Education and is ranked #14 out of 36 brokers by ForexBrokers.com in this category.
HYCM also gives beginners access to at least 10 beginner trading videos, but its education offering is more limited in key areas. It does not provide monthly educational webinars, and it does not appear to meet the minimum for forex or CFDs education or for advanced educational videos. As a result, HYCM is rated 3.5 out of 5 stars for Education and is ranked #27 out of 36 brokers by ForexBrokers.com, making Tickmill the stronger choice for beginner-friendly learning resources.
| Feature |
Tickmill
|
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 Tickmill is better than HYCM (Henyep Capital Markets). Tickmill finished with an overall rank of #23, while HYCM (Henyep Capital Markets) finished with an overall rank of #26.
Tickmill is a run-of-the-mill MetaTrader broker that offers a limited selection of tradeable securities. The broker does offer very competitive commission-based pricing for professionals through its VIP and Pro accounts.
| Feature |
Tickmill
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
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| Trust Score | 85 | 85 |
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Tickmill and HYCM (Henyep Capital Markets) are online brokers that do not support buying actual (delivered) cryptocurrencies, but both offer cryptocurrency CFD trading.
Tickmill vs HYCM: both lack ACH/SEPA but support Skrill and bank wires, Tickmill uniquely offers PayPal while HYCM does not, and Visa/Mastercard availability is not specified for either.
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 | Tickmill | HYCM (Henyep Capital Markets) | |
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| Trust Score | 85 | 85 | |
| Winner | check_circle | ||
| Review | Tickmill Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | Tickmill | HYCM (Henyep Capital Markets) | |
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| Regulation | Tickmill | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trust Score | 85 | 85 | |
| Year Founded | 2014 | 1977 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Tickmill | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (FSA Authorised) | No | 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) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Tickmill | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Tickmill | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 637 | 1199 | |
| Forex Pairs (Total) | 62 | 70 | |
| U.S. Stocks (Shares) | No | Yes | |
| Global Stocks (Non-U.S. Shares) | No | 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 | Tickmill | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.70 | 1.3 | |
| All-in Cost EUR/USD - Active | 0.70 | 0.6 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Tickmill | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | $100 | $20 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | Tickmill | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | 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 | Tickmill | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | No | Yes | |
| Charting - Indicators / Studies (Total) | 97 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Tickmill | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | No | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 97 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - Economic Calendar | No | Yes |
| Research | Tickmill | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central | No | Yes | |
| TipRanks | No | No | |
| Client sentiment data | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Tickmill | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | Tickmill | 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 | Tickmill Review | HYCM (Henyep Capital Markets) Review |
| Overall | Tickmill | HYCM (Henyep Capital Markets) | |
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| Trust Score | 85 | 85 | |
| Winner | check_circle | ||
| Review | Tickmill Review | HYCM (Henyep Capital Markets) Review |
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