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 both deliver competitive pricing for forex traders and each earns 4.5 out of 5 stars for commissions and fees. In ForexBrokers.com’s Commissions and Fees rankings, Tickmill places #10 out of 63 brokers, while HYCM ranks #18 out of 63. Both offer a commission-based Raw account and a spread-only Classic account, and HYCM also provides a fixed-spread option.
Tickmill’s Raw account (which replaced the Pro account) now charges $3 per side per standard lot ($6 round turn). With a typical EUR/USD spread of 0.11 pips in October 2023, the estimated all-in cost comes to about 0.71 pips after the updated commission. Tickmill’s Classic account is commission-free but has higher average spreads (about 1.76 pips as of August 2023). The minimum to open the Raw account is just $100. Despite the recent commission increase, Tickmill remains attractive for active traders thanks to its low typical spreads and competitive all-in pricing.
HYCM’s Raw account posts an all-in cost of about 0.6 pips on EUR/USD (after commission), which edges out Tickmill’s current estimated 0.71 pips on that pair. HYCM’s Classic account has variable spreads starting from 1.2 pips, and it also offers a fixed-spread account at 1.5 pips. Bottom line: HYCM’s Raw account can be slightly cheaper on EUR/USD, while Tickmill is still a strong pick for spread-focused traders who value tight typical pricing and a low entry minimum.
| 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.
Comparing Tickmill to HYCM (Henyep Capital Markets) for range of investments, HYCM offers a wider lineup with 1,199 tradeable symbols and 70 forex pairs, while Tickmill lists 637 symbols and 63 forex pairs. Both brokers support forex trading as CFDs or spot. In ForexBrokers.com’s Range of Investments ratings, HYCM scores 4 stars and ranks #27 out of 63 brokers, whereas Tickmill earns 3.5 stars and ranks #30.
HYCM also stands out for offering exchange-traded securities, letting clients buy and sell actual U.S. and international shares (not CFDs). Tickmill does not provide exchange-traded stocks. Both brokers offer cryptocurrency CFDs but not delivered crypto. Another key difference: Tickmill supports copy trading, while HYCM does not. Choose HYCM if you want more symbols and access to exchange-traded shares; pick Tickmill if copy trading is a priority alongside a solid range 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. 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 (Henyep Capital Markets) both make it easy to get started with a free demo (paper) account and offer Windows desktop and web-based trading. Each supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5) and lets you place trades directly from charts. The key difference is that HYCM also provides a proprietary, in-house platform, while Tickmill relies on the MetaTrader platforms. For social features, Tickmill includes copy trading, whereas HYCM does not.
For trading platforms and tools, both brokers earn 4 out of 5 stars from ForexBrokers.com. In that category, Tickmill ranks #24 out of 63 brokers and HYCM ranks #32, giving Tickmill a slight edge overall. Choose Tickmill if copy trading within MT4/MT5 is a priority; choose HYCM if you want the option of a proprietary platform alongside MetaTrader, with both offering web and desktop access plus free demo accounts.
| 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) | 91 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Tickmill and HYCM both deliver capable mobile trading apps for iPhone and Android. Each app supports price alerts, 30 built-in technical indicators for charting, and the ability to draw trendlines. Your chart drawings auto-save on both platforms, making it easy to resume analysis across sessions.
Neither broker offers watchlist symbol syncing between the mobile app and the online account. In terms of recognition, both apps earn 4 out of 5 stars for mobile trading. However, Tickmill ranks higher in ForexBrokers.com’s Mobile Trading Apps category, placing 25th out of 63 brokers, while HYCM ranks 30th. If you’re choosing between the two, the feature sets are closely matched, with Tickmill holding a slight edge in category ranking.
| Feature |
Tickmill
|
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 | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Tickmill and HYCM both cover the basics for market research: each offers daily market commentary, forex news from top-tier sources (think Bloomberg, Reuters, or similar), and an economic calendar to track key events. These staples make it easier to follow trends and plan trades without leaving the platform.
The main differences come down to tools. HYCM adds Trading Central for extra technical analysis, while Tickmill answers with a sentiment tool that shows the long/short split across instruments and research from Acuity Trading (including Signal Centre). Neither broker uses Autochartist or TipRanks. In independent ratings, Tickmill scores 4 stars and ranks #19 out of 63 for Research, while HYCM earns 3.5 stars and ranks #29. If you want Trading Central, HYCM may suit you; if you prefer sentiment data and Acuity tools, Tickmill has the edge.
| Feature |
Tickmill
|
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.
Comparing education for beginners, both Tickmill and HYCM offer forex and CFD education that meets the baseline of at least 10 learning pieces, and each provides 10+ beginner videos. Tickmill goes further with live client webinars held at least once a month, which can help newcomers ask questions in real time. Tickmill also supplies 10+ advanced videos for traders ready to level up, while HYCM covers beginner topics well but doesn’t match that depth and doesn’t run monthly educational webinars.
Independent ratings back this up: Tickmill earns 4 stars for Education and ranks 14th out of 63 brokers at ForexBrokers.com, while HYCM holds 3.5 stars and ranks 27th. If you want ongoing webinars and a clear path from beginner to advanced lessons, Tickmill is the stronger fit. If you mainly want beginner-friendly videos and don’t need live classes or advanced modules, HYCM can still do the job.
| 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) | 63 | 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 | 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 [DELETED] | |||
| Mobile Watchlists - 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 (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 | 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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