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 | 0.51 | 1.2 |
| All-in Cost EUR/USD - Active | 0.31 | 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 comparing Tickmill and HYCM, both brokers offer forex trading as CFDs or spot contracts, but they differ significantly in the variety of assets available for trading. Tickmill provides its clients with 725 tradeable symbols, including 63 forex pairs. Meanwhile, HYCM offers a broader selection with 1,199 tradeable symbols and 70 forex pairs. Notably, HYCM offers the ability to purchase securities on both U.S. and international exchanges, such as Apple shares on NASDAQ or Vodafone shares on the London Stock Exchange, which Tickmill does not. However, Tickmill does offer copy trading, a feature that allows investors to mimic the trades of successful traders, while HYCM does not offer this service.
Neither broker permits direct purchases of actual cryptocurrencies, but both provide options for trading cryptocurrency derivatives. In terms of range of investments, Tickmill has earned a rating of 3.5 stars and is ranked 42nd out of 63 brokers by ForexBrokers.com, whereas HYCM is rated 4 stars and holds the 33rd position. These ratings reflect HYCM’s broader asset offerings, appealing to investors looking for a wider range of tradable instruments, including the ability to directly buy into stock markets.
| Feature |
Tickmill
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 725 | 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 both cater to traders seeking versatile trading platforms with a suite of features to enhance their trading experience. Both brokers offer free virtual demo accounts, providing an excellent way for traders to practice without risking real money. While Tickmill does not have a proprietary trading platform, it covers its bases with popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), available as both desktop downloads and web-based versions. Likewise, HYCM also offers MT4 and MT5, in addition to its own proprietary platform for those seeking something unique. A nod to Tickmill is its copy trading feature, which HYCM does not offer, giving Tickmill a slight edge for users interested in replicating the trades of experienced investors.
When it comes to functionality, both Tickmill and HYCM allow users to trade directly from charts and supply an equal range of 15 drawing tools each, alongside seven customizable columns for watch lists. Though both brokers earn a commendable 4-star rating for their trading platforms and tools, their rankings differ slightly, with Tickmill at #32 and HYCM trailing at #40 out of 63 brokers on ForexBrokers.com. This suggests that while both platforms are dependable, Tickmill holds a modest advantage in terms of overall ranking. Regardless, traders choosing between these two will find a variety of capable tools at their disposal to aid in refining their trading strategies.
| 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) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 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 provide traders with mobile apps compatible with iPhone and Android devices. This ensures that traders on both platforms can access their accounts from anywhere. Both apps come equipped with stock and forex price alerts and offer 30 technical studies for charting, allowing users to analyze market trends effectively. Users can draw trendlines and switch between different time frames such as daily, weekly, or intraday on both platforms. Additionally, any drawings made on charts automatically save, providing a seamless experience as users switch between sessions. Both Tickmill and HYCM enable the creation of watchlists with real-time quotes, although neither app offers watchlist symbol syncing between the mobile app and their online platforms.
When it comes to user satisfaction, both Tickmill and HYCM have received a commendable rating of 4 stars for their mobile trading apps. According to ForexBrokers.com, out of 63 brokers assessed, Tickmill is ranked at #32, slightly ahead of HYCM, which is positioned at #37. While there are slight differences in rankings, both apps provide diverse features that cater to the needs of traders seeking convenience and functionality within their mobile trading experiences.
| 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.
When comparing Tickmill and HYCM for online market research, both brokers provide daily market commentary and forex news from top-tier sources like Bloomberg and Reuters. However, they differ in the research tools and resources they offer. Tickmill stands out by providing a sentiment-based trading tool that displays the ratio of long or short positions across various currency pairs, which is absent in HYCM's offerings. Additionally, Tickmill uses research tools from Acuity Trading, such as the Signal Centre, reinforcing its commitment to insightful trading resources.
On the other hand, HYCM offers in-depth technical analysis from Trading Central, a feature that isn't available with Tickmill. Both brokers supply an economic calendar to track global news events, but Tickmill appears to have the edge in overall market research offerings. This advantage is reflected in Tickmill's higher research rating of 4 stars compared to HYCM's 3.5 stars. Furthermore, Tickmill ranks 22nd out of 63 brokers by ForexBrokers.com for research, while HYCM falls behind at 35th place, suggesting that Tickmill might be a more fitting choice for traders seeking comprehensive 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
|
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.
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.
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) | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
|
| |
| Mobile Trading Gallery (click to expand) |
|
| |
| Research Gallery (click to expand) |
|
| |
| Education 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) | No | No | |
| 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) | No | No | |
| 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) | No | No |
| Investments | Tickmill | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 725 | 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 | 0.51 | 1.2 | |
| All-in Cost EUR/USD - Active | 0.31 | 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) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 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) | |
|---|---|---|---|
| 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