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) - Spread-only account | 1.70 | 1.3 |
| All-in Cost EUR/USD - Raw spread account | 0.70 | 0.6 |
| Non-wire bank transfer (Deposit/Withdraw) | 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 (Henyep Capital Markets) both let clients trade forex as CFDs or spot contracts, and both also offer cryptocurrency CFDs rather than real crypto. When it comes to choice, though, HYCM has the wider menu with 1,199 tradable symbols and 70 forex pairs, compared with Tickmill’s 637 symbols and 62 forex pairs. HYCM also stands out for giving access to real exchange-traded securities on both U.S. and international markets, while Tickmill does not offer these products.
Tickmill does have one area where it leads: copy trading is available, while HYCM does not provide it. Even so, HYCM comes out ahead overall for range of investments, with a 4-star rating and a ForexBrokers.com ranking of 28th out of 36 brokers, versus Tickmill’s 3.5 stars and 32nd place. For investors who want more asset variety, HYCM is the stronger pick, while Tickmill may appeal to traders who value copy trading.
| 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 mix of platform choices, including free demo accounts, Windows desktop downloads, web-based trading, MT4, and MT5. Both brokers also let users place trades straight from charts, which can be helpful for active traders who want a quicker way to enter and exit positions. In terms of overall quality, each broker is rated 4 out of 5 stars for trading platforms and tools.
The main differences come down to extras and platform design. Tickmill does not offer a proprietary platform, but it does support copy trading, which HYCM does not. HYCM, on the other hand, offers its own in-house platform, giving traders another option beyond the well-known third-party tools. Looking at ForexBrokers.com rankings, Tickmill places higher in this category at #24 out of 36 brokers, while HYCM comes in at #35, making Tickmill the stronger pick 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 (Henyep Capital Markets) both offer iPhone and Android apps, and each is rated 4 out of 5 stars for mobile trading. That said, Tickmill has the edge for charting depth, with 97 technical studies in its app compared with HYCM’s 30. Both apps let users draw trendlines, but HYCM goes a step further by auto-saving drawings on charts, while Tickmill does not. In ForexBrokers.com’s Mobile Trading Apps category, Tickmill is ranked #25 out of 36 brokers, ahead of HYCM at #33.
For everyday app features, the two brokers differ in useful ways. HYCM offers stock and forex price alerts, while Tickmill does not. On the other hand, Tickmill supports watchlist symbol syncing between its mobile app and online account, making it easier to keep lists updated across devices, while HYCM does not. If you want more chart tools and synced watchlists, Tickmill may be the better fit; if alerts and auto-saving chart drawings matter more, HYCM has the advantage.
| 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.
Tickmill and HYCM (Henyep Capital Markets) both give traders daily market commentary and an economic calendar, so each broker covers the basics well for staying on top of market events. Tickmill also stands out with Acuity Trading tools such as Signal Centre, which can help traders spot opportunities, while HYCM does not offer this feature. On the other hand, HYCM has an edge for market news and analysis because it provides forex news from major sources like Bloomberg, Reuters, and Dow Jones, plus Trading Central tools, which Tickmill does not have.
Neither broker offers Autochartist, sentiment-based trading tools, or TipRanks research. Overall, Tickmill is rated 4 out of 5 stars for research and ranks #19 out of 36 brokers at ForexBrokers.com, while HYCM is rated 3.5 stars and ranks #32. If you want more built-in research tools, Tickmill may be the better pick; if top-tier news coverage matters more, HYCM has the stronger offering.
| 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.
When comparing Tickmill vs HYCM for beginner education, Tickmill comes out ahead for learning support. Tickmill offers forex and CFD education with at least 10 educational pieces, plus online client webinars every month. It also provides at least 10 beginner trading videos and at least 10 advanced videos, making it a stronger pick for new traders who want room to grow. This helps explain why Tickmill is rated 4 stars for Education and ranked #14 out of 36 brokers by ForexBrokers.com.
HYCM (Henyep Capital Markets) also offers at least 10 beginner trading videos, but its education offering is lighter overall. It does not appear to provide monthly educational webinars, and it lacks at least 10 advanced videos. While HYCM is still useful for beginners, especially those looking for starter video content, its Education score is 3.5 stars and its ranking is #28 out of 36, placing it behind Tickmill in this category.
| 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) - Spread-only account | 1.70 | 1.3 | |
| All-in Cost EUR/USD - Raw spread account | 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 (Deposit/Withdraw) | 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 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) | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| 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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