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 |
When it comes to comparing the commissions and fees of online brokers Tickmill and HYCM, there are noticeable differences that traders should consider. Tickmill offers two types of accounts: Classic and Raw. The Raw account, which succeeded the Pro account, has raised its commission to $3 per side or $6 per standard lot. This adjustment combines with typical spreads of around 0.11 pips for EUR/USD, leading to a total cost of 0.71 pips. Nevertheless, Tickmill stands out for active traders, maintaining a top position among brokers due to its competitive all-in cost, earning a 5-star rating and securing a #4 rank on ForexBrokers.com for Commissions and Fees.
In contrast, HYCM presents an appealing offer with a Raw account that has a combined cost of about 0.6 pips for EUR/USD, post-commission. The Classic account at HYCM tends to be pricier, with variable spreads starting at 1.2 pips. Additionally, traders can choose a fixed-spread option with a 1.5 pips spread. While HYCM provides competitive pricing with its Raw account, it holds a slightly lower 4.5-star rating and ranks #15 out of 63 brokers according to ForexBrokers.com in the Commissions and Fees category.
In summary, both Tickmill and HYCM offer valuable features for forex traders. Tickmill is particularly attractive for active traders due to its cost-effective, low-spread Raw account, achieving a higher ranking and star rating. On the other hand, HYCM's Raw account's similar all-in cost may appeal to traders seeking competitive deals despite its Classic account's higher expenses. Choosing between the two largely depends on individual trading strategies and account preferences.
| 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 | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | 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.
When examining the range of investments available through Tickmill and HYCM, both offer forex trading as contracts for difference (CFD) or spot contracts. Tickmill provides clients with 637 tradeable symbols and 63 forex pairs. In comparison, HYCM offers a broader selection with 1199 tradeable symbols and 70 forex pairs. While neither broker allows for the purchase of actual cryptocurrency, they both offer trading in cryptocurrency derivatives.
For those interested in traditional stocks, HYCM stands out by offering exchange-traded securities on both U.S. and international exchanges, making it possible for clients to own shares in companies like Apple and Vodafone directly. Meanwhile, Tickmill does not provide this option. Additionally, Tickmill supports copy trading, whereas HYCM does not. Considering their range of investments, Tickmill has been rated 3.5 stars and ranked #42 out of 63 brokers by ForexBrokers.com, while HYCM received a 4-star rating and is ranked #33 in the same category, indicating a more comprehensive offering at HYCM.
| 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.
When comparing Tickmill and HYCM (Henyep Capital Markets) in terms of trading platforms and tools, both brokers provide a strong set of features to accommodate different trader preferences. Tickmill enables traders to practice risk-free with a virtual demo account and offers popular MetaTrader platforms MT4 and MT5 across both Windows desktop and web-based interfaces, bolstered by the availability of copy trading. While they don't have a proprietary platform, Tickmill allows trading directly from stock charts and offers seven fields for watch lists. However, its charting capabilities provide fewer drawing tools—only up to nine.
HYCM also extends the convenience of a demo account and supports MT4 and MT5 solutions for seamless use on Windows and web-based platforms. Uniquely, HYCM offers a proprietary platform, though it lacks copy trading features. Like Tickmill, HYCM allows trading directly from charts and provides watch lists with seven columns. A standout feature for HYCM is the higher number of charting tools, offering fifteen drawing options. Despite their differences, both brokers are equally rated with four stars for their trading platforms and tools, though Tickmill has a higher overall rank in this category according to ForexBrokers.com.
| Feature |
Tickmill
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary 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 | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 91 | 30 |
| Charting - Drawing Tools (Total) | 9 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Tickmill and HYCM offer iPhone and Android applications, providing traders with flexible access to the markets. You can receive stock or forex price alerts on both platforms, a feature that keeps traders informed about market movements. Whether you are using Tickmill or HYCM, you'll be able to enjoy charting capabilities with 30 technical studies and the ability to draw trendlines. Additionally, both apps allow viewing of charts in multiple time frames, such as daily or weekly, and they also auto-save your chart drawings. Despite these similarities, neither platform supports the syncing of watchlists between the mobile app and other online accounts.
When it comes to usability, both apps allow the creation of watchlists with real-time quotes, which is essential for tracking favorite stocks or forex pairs. In terms of user satisfaction, both Tickmill and HYCM receive a 4-star rating for their mobile trading apps. However, Tickmill ranks slightly higher by ForexBrokers.com, coming in at 29th out of 63 brokers, while HYCM is ranked 37th. This could make a difference for traders who consider rankings an important factor in choosing a platform. In summary, both apps offer similar core features, but Tickmill holds a slight edge in the industry rankings.
| Feature |
Tickmill
|
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 | 30 | 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.
Tickmill and HYCM both provide valuable market research services, including daily market commentary and forex news sourced from top-tier services like Bloomberg and Reuters. While both brokers offer these essential tools, only HYCM has partnered with Trading Central, which enhances their offerings with technical analysis and research tools. However, Tickmill compensates for this by providing a sentiment-based trading tool, which is absent in HYCM's features, and offers additional resources through Acuity Trading, known for its Signal Centre, further broadening the research resources available to its users.
When it comes to staying informed about global economic events, both Tickmill and HYCM provide traders with comprehensive economic calendars. Despite the similarity in this area, Tickmill boasts a research rating of 4 stars, slightly higher than HYCM's 3.5 stars. According to a ranking by ForexBrokers.com, Tickmill stands at 21st position out of 63 brokers in terms of research, displaying a significant lead over HYCM, which is positioned at 35th. This indicates that while both brokers are equipped with effective research tools, Tickmill has a nuanced edge in delivering market insights.
| 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 |
| 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 it comes to educational resources for beginners, both Tickmill and HYCM (Henyep Capital Markets) offer plenty of learning opportunities centered around forex and CFDs. Each broker provides more than ten educational materials such as articles, videos, and archived webinars dedicated to these topics. However, Tickmill stands out by offering monthly live educational webinars, while HYCM does not have this option available to its clients. Both brokers, nonetheless, provide a searchable archive of previously recorded webinars, allowing users to revisit and learn at their own pace. Furthermore, when it comes to beginner educational videos, both companies supply more than ten, catering specifically to new traders eager to understand the basics of trading.
For more experienced traders, Tickmill provides at least ten advanced educational videos, ensuring that both beginners and seasoned traders can gain from their resources. Meanwhile, HYCM does not meet this advanced video threshold. Both brokers offer an investor dictionary with explanations of over 50 investing terms, aiding in demystifying the trading world. In terms of quality, Tickmill earns a 4-star rating for Education, compared to HYCM's rating of 3.5 stars. According to ForexBrokers.com, Tickmill is ranked #15 out of 63 brokers for its educational resources, whereas HYCM is placed at #32. This distinction underscores Tickmill's commitment to providing a comprehensive learning experience for its users.
| Feature |
Tickmill
|
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 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
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HYCM (Henyep Capital Markets)
|
|---|---|---|
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| Trust Score | 86 | 86 |
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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.
When comparing online brokers Tickmill and HYCM (Henyep Capital Markets), neither offers ACH or SEPA transfers, both provide Skrill, Visa, Mastercard, and bank wire options for deposits and withdrawals, but only Tickmill supports PayPal for transactions.
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 | 86 | 86 | |
| 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 | 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/Central Bank 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 | |
| Active Trader or VIP Discounts | No | Yes | |
| 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 | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Tickmill | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary 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 | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Tickmill | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 91 | 30 | |
| Charting - Drawing Tools (Total) | 9 | 15 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 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 | 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 | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Tickmill | 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 | 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) | |
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| Trust Score | 86 | 86 | |
| Winner | check_circle | ||
| Review | Tickmill Review | HYCM (Henyep Capital Markets) Review |
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