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 and HYCM (Henyep Capital Markets) are both reputable online brokers with a solid standing in the industry. Founded in 2014, Tickmill has quickly established itself as a credible player, while HYCM has been in business since 1977, showcasing decades of experience. Neither Tickmill nor HYCM are publicly traded companies, nor do they operate as banks, making them focused specifically on brokerage services. Their credibility is highlighted by the fact that each holds two Tier-1 licenses, which are highly trusted, and while Tickmill has two Tier-2 licenses, HYCM has one, both demonstrating their commitment to adhering to trusted regulatory standards.
When it comes to the Trust Score by ForexBrokers.com, both brokers share an impressive score of 86 out of 99, placing them in the 'trusted' category between the range of 80 to 89. This indicates a strong level of trust among their clients. For those looking to choose between these two, it's evident that both brokers offer a dependable platform backed by strong regulation, making either a valid choice for traders prioritizing security alongside their trading needs.
| 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 both offer spread-only “Classic” accounts and lower-spread “Raw” accounts that add a small commission. For commissions and fees, Tickmill is rated 5 out of 5 stars and ranks #4 of 63, while HYCM earns 4.5 out of 5 stars and ranks #16 of 63.
Tickmill’s Classic account is commission-free but carries wider pricing, averaging about 1.76 pips (August 2023). Its Raw account charges $3 per side per 100,000 units and keeps the entry bar low with a $100 minimum. On EUR/USD, Tickmill lists a typical Raw spread of 0.11 pips (October 2023); after the updated commission, the estimated all-in cost comes to about 0.71 pips. Even with the recent commission increase, Tickmill remains a strong value for active traders thanks to consistently low all-in costs.
HYCM’s Raw account delivers an estimated 0.6-pip all-in cost on EUR/USD, which can edge out Tickmill’s updated Raw pricing on that pair. HYCM’s Classic account starts from 1.2 pips, and it also offers a fixed-spread option at 1.5 pips. In short: HYCM’s Raw pricing can be slightly cheaper on EUR/USD, while Tickmill’s overall fee rating and higher category ranking may appeal to high-volume traders seeking consistently competitive costs.
| Feature |
Tickmill
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $100 | $20 |
| Average Spread EUR/USD - Standard | 1.70 | 1.2 |
| All-in Cost EUR/USD - Active | 0.70 | 0.6 |
| Active Trader or VIP Discounts [DELETED] | ||
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) [DELETED] | ||
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Comparing Tickmill and HYCM (Henyep Capital Markets) on range of investments: both support forex trading via CFDs or spot. HYCM lists more markets overall, with 1,199 tradeable symbols and 70 forex pairs, while Tickmill offers 637 symbols and 63 pairs. Reflecting that depth, HYCM earns 4 out of 5 stars and ranks #34 out of 63 brokers for Range of Investments, whereas Tickmill scores 3.5 out of 5 stars and ranks #43.
For access to exchange-traded shares (not CFDs), HYCM lets you buy stocks on both U.S. and international exchanges; Tickmill does not offer exchange-traded shares. Tickmill does provide copy trading, while HYCM does not. Neither broker lets you buy actual cryptocurrency, but both offer cryptocurrency derivatives. In short, HYCM is better for investors seeking a wider market selection including real stocks, whereas Tickmill suits traders who want copy trading alongside a solid lineup of forex and CFD markets.
| Feature |
Tickmill
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 637 | 1199 |
| Forex Pairs (Total) | 63 | 70 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | No | 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.
Tickmill and HYCM (Henyep Capital Markets) both offer free demo accounts, plus web-based and Windows desktop platforms with MetaTrader 4 (MT4) and MetaTrader 5 (MT5) support. HYCM also has its own proprietary platform, while Tickmill focuses on third-party options. Both brokers let you place trades directly from a chart.
Tickmill provides copy trading, whereas HYCM does not. Each broker earns 4 out of 5 stars for Trading Platforms and Tools from ForexBrokers.com; however, Tickmill ranks #30 out of 63 brokers in this category, compared with HYCM at #41. Choose Tickmill if you value copy trading and a slightly higher category ranking, or consider HYCM if you want the added choice of a proprietary platform.
| 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 |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade [DELETED] | ||
| ZuluTrade [DELETED] | ||
| Charting - Indicators / Studies (Total) | 91 | 30 |
| Charting - Drawing Tools (Total) [DELETED] | ||
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields [DELETED] |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Tickmill and HYCM (Henyep Capital Markets) both offer mobile trading apps for iPhone and Android. Each app supports price alerts, lets you build watchlists with real-time quotes, and allows drawing trendlines on charts. Chart drawings auto-save, and both provide 30 built-in technical studies. One limitation is that neither broker syncs watchlist symbols between the mobile app and your online account. Details about viewing multiple time frames in the mobile apps were not specified.
Both brokers earn 4 out of 5 stars for Mobile Trading Apps. In ForexBrokers.com’s 63-broker comparison, Tickmill ranks #30, while HYCM ranks #38. If you want iPhone/Android access, alerts, and a good set of charting tools, either app will work; Tickmill has a slight edge in the rankings, while feature-wise they’re largely similar on mobile.
| Feature |
Tickmill
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | ||
| Mobile Charting - Trendlines Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Tickmill and HYCM (Henyep Capital Markets) both provide daily market commentary, top-tier forex news (from sources like Bloomberg/Reuters/Dow Jones), and an economic calendar. The key differences: HYCM includes Trading Central analysis, while Tickmill does not. Tickmill offers a sentiment tool that shows long/short positioning across instruments, which HYCM lacks. Tickmill also integrates Acuity Trading tools (such as Signal Centre), whereas HYCM does not. Neither broker offers Autochartist or TipRanks.
In independent ratings, Tickmill scores 4 stars and ranks #21 out of 63 brokers for research, while HYCM scores 3.5 stars and ranks #36. Pick Tickmill if you want sentiment data and Acuity Trading insights alongside daily commentary and premium news. Choose HYCM if Trading Central’s analysis is a priority, together with daily commentary, quality news, and an easy-to-read calendar.
| Feature |
Tickmill
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | Yes |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
If you’re a beginner comparing forex and CFD education at Tickmill and HYCM, Tickmill comes out ahead for depth and structure. Tickmill provides monthly client webinars and at least 10 advanced trading videos, on top of at least 10 beginner videos. HYCM also offers at least 10 beginner videos, but it does not run monthly webinars and does not meet the 10-video mark for advanced topics. Independent ratings reflect this gap: Tickmill earns 4 stars for Education and ranks #15 out of 63 brokers at ForexBrokers.com, while HYCM scores 3.5 stars and ranks #32.
Some details aren’t specified in the information provided: whether either broker has 10+ total forex/CFD education pieces beyond videos, whether they host a searchable archive of recorded webinars, and whether they offer an investor dictionary with 50+ terms. If live classes and more advanced study matter to you, Tickmill is likely the stronger pick; if you only need beginner-friendly videos, both can work. Check each broker’s site for webinar archives and glossaries before deciding.
| Feature |
Tickmill
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Education (Forex or CFDs) | ||
| Webinars | Yes | No |
| Client Webinars (Archived) [DELETED] | ||
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) [DELETED] |
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 #22, while HYCM (Henyep Capital Markets) finished with an overall rank of #29.
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)
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 86 | 86 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both Tickmill and HYCM (Henyep Capital Markets) do not offer the ability to buy actual delivered cryptocurrency, but they both provide options for trading cryptocurrency derivatives.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Tickmill | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 86 | 86 | |
| Winner | check_circle | ||
| Review | Tickmill Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | Tickmill | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
|
| Regulation | Tickmill | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trust Score | 86 | 86 | |
| 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 (SFC 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 SCA 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) | 63 | 70 | |
| U.S. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | No | 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 | Tickmill | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.70 | 1.2 | |
| All-in Cost EUR/USD - Active | 0.70 | 0.6 | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| 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 | |
| Social Trading / 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 | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 91 | 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 | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Tickmill | 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 | |
| Client sentiment data | Yes | 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 | 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 | Tickmill Review | HYCM (Henyep Capital Markets) Review |
| Overall | Tickmill | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 86 | 86 | |
| Winner | check_circle | ||
| Review | Tickmill Review | HYCM (Henyep Capital Markets) Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill