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HYCM (Henyep Capital Markets) vs TMGM 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of HYCM (Henyep Capital Markets) vs TMGM, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

HYCM (Henyep Capital Markets)
4/5 Stars Overall
  • Minimum Deposit: $20
  • Trust Score: 86
  • Tradeable Symbols (Total): 1199
TMGM
4/5 Stars Overall
  • Minimum Deposit: $100
  • Trust Score: 83
  • Tradeable Symbols (Total): 12000

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.

Regulation

Comparing HYCM (Henyep Capital Markets) and TMGM reveals key differences in their trustworthiness and regulatory credentials. Founded in 1977, HYCM has established itself with a ForexBrokers.com Trust Score of 86, rating it as a trusted broker, while TMGM, established in 2013, has a slightly lower Trust Score of 83. Both brokers are not publicly traded and do not operate as banks, contributing to their appeal to individual traders rather than institutional investors.

Regulatory oversight is a crucial factor for traders, and both HYCM and TMGM demonstrate reliability with two Tier-1 licenses each, indicating a high level of trust from regulators. However, HYCM also holds one Tier-2 license, offering an additional layer of security. These credentials position HYCM as marginally more trusted in the market compared to TMGM, based on their regulatory standings and experience in the industry.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
TMGM logoTMGM
Year Founded info 1977 2013
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 2 2
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 2

Fees

Comparing commissions and fees, HYCM (Henyep Capital Markets) clearly publishes its pricing, making costs easy to gauge. Its Raw account delivers an all-in cost of about 0.6 pips on EUR/USD after commission, while the spread-only Classic account starts from 1.2 pips. HYCM also offers a fixed-spread option at 1.5 pips for traders who prefer predictable pricing. For value and transparency, HYCM earns 4.5 stars and ranks #16 out of 63 brokers for Commissions and Fees at ForexBrokers.com.

TMGM’s pricing depends on the account you choose. The commission-based Edge account charges $3.50 per side ($7 round trip) on top of low prevailing spreads and advertises no requotes, while the Classic account is spread-only. However, TMGM has not provided recent average spread data for the EUR/USD, which makes direct cost comparisons harder. TMGM earns 4 stars and ranks #37 out of 63 brokers for Commissions and Fees.

Bottom line: HYCM’s clearly stated spreads and all-in cost on the Raw account make it easier to estimate total trading expenses, whereas TMGM’s Edge account can be cost-effective but lacks recent average spread data for EUR/USD. Islamic (swap-free) trading at TMGM is limited to the Edge account; HYCM’s accounts include both variable and fixed spread choices that may suit different cost preferences.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
TMGM logoTMGM
Minimum Deposit info $20 $100
Average spread (EUR/USD) - Standard account info 1.2 info N/A info
All-in Cost EUR/USD - Active info 0.6 info N/A info
Non-wire bank transfer info No No
PayPal (Deposit/Withdraw) info No
Skrill (Deposit/Withdraw) info Yes
Bank Wire (Deposit/Withdraw) info Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

Comparing HYCM (Henyep Capital Markets) and TMGM for range of investments: both support forex trading via CFDs and/or spot. TMGM lists far more tradable symbols overall (about 12,000 vs HYCM’s 1,199), while HYCM offers slightly more forex pairs (70 vs 62). For digital assets, both brokers provide cryptocurrency CFDs but do not offer direct, delivered crypto purchases.

HYCM stands out for access to exchange-traded shares on both U.S. and international exchanges, whereas TMGM does not offer real stock ownership. TMGM does offer copy trading; HYCM does not. According to ForexBrokers.com, TMGM earns 4.5 stars and ranks #18 out of 63 for Range of Investments, while HYCM holds 4 stars and ranks #34. In short, choose TMGM if you want sheer instrument count and copy trading, or pick HYCM if you need real stock trading plus a wider list of forex pairs.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
TMGM logoTMGM
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1199 12000
Forex Pairs (Total) info 70 62
U.S. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes No
Copy Trading info No Yes
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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.

Trading platforms and tools

HYCM (Henyep Capital Markets) and TMGM both offer free demo accounts, web platforms, Windows desktop platforms, MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the ability to trade directly from charts. HYCM also provides a proprietary, in-house platform, while TMGM does not. On the flip side, TMGM supports copy trading, whereas HYCM does not. Details for the number of chart indicators and watchlist columns were not specified for either broker.

For Trading Platforms and Tools, both brokers earn 4 stars. In ForexBrokers.com’s 2024 rankings out of 63 brokers, HYCM is placed #41 and TMGM is #49. Choose HYCM if you value having a proprietary platform alongside MT4/MT5, or pick TMGM if copy trading is a priority—either way, you can test things first with a demo account.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
TMGM logoTMGM
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info No Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
Charting - Indicators / Studies (Total) info 30 30
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

HYCM (Henyep Capital Markets) and TMGM both offer iPhone and Android apps for trading on the go. Each app includes price alerts and comparable charting tools, with 30 technical studies, the ability to draw trendlines, and automatic saving of your drawings. The main missing piece for both is watchlist syncing; changes made on mobile won’t sync with your web or desktop account.

Both brokers earn 4 out of 5 stars for their mobile trading apps. That said, HYCM ranks higher in ForexBrokers.com’s Mobile Trading Apps category at 38th out of 63 brokers, while TMGM ranks 48th. If rankings matter to you, HYCM has a slight edge, but in everyday use their mobile features feel very similar.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
TMGM logoTMGM
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info No No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

HYCM (Henyep Capital Markets) vs TMGM for market research: both offer daily market commentary and stream forex news from top-tier sources such as Bloomberg, Reuters, or Dow Jones. Each broker provides Trading Central tools and an economic calendar covering global events. While both earn a 3.5-star Research rating, HYCM ranks higher at #36 out of 63 brokers on ForexBrokers.com, compared with TMGM at #54.

The differences show up in the extras. TMGM includes a sentiment-based trading tool that displays long/short positioning and adds research from Acuity Trading (e.g., Signal Centre), which HYCM does not offer. Neither broker features Autochartist or TipRanks. Traders who want sentiment data and Acuity signals may prefer TMGM, whereas those who value a stronger third-party research ranking may lean toward HYCM.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
TMGM logoTMGM
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central info Yes Yes
Client sentiment data info No Yes
TipRanks info No No
Acuity Trading info No Yes
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

HYCM (Henyep Capital Markets) vs TMGM for beginner education: HYCM offers at least 10 beginner-focused trading videos, giving new forex and CFD traders a clearer starting point. TMGM does not meet that beginner video threshold. Neither broker provides monthly educational webinars, and both fall short of offering 10+ advanced videos for experienced traders.

In independent evaluations, both HYCM and TMGM earn 3.5 out of 5 stars for Education. However, HYCM ranks higher at #32 out of 63 brokers for the Education category, while TMGM is #54. If you’re just starting out and want more beginner video content in-house, HYCM is the more beginner-friendly pick; TMGM may require supplementing with outside learning resources.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
TMGM logoTMGM
Webinars info No No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info No No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that HYCM (Henyep Capital Markets) is better than TMGM. HYCM (Henyep Capital Markets) finished with an overall rank of #29, while TMGM finished with an overall rank of #37.

HYCM is a trusted brand that offers a straightforward MetaTrader platform experience. Its Raw account delivers competitive pricing, and traders gain access to third-party modules from Trading Central as well as exchange-traded securities (available through a separate platform). That said, HYCM offers a narrow range of symbols to forex and CFD traders.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
TMGM logoTMGM
Overall Rating info 4/5 Stars 4/5 Stars
Trust Score info 86 83
Range of Investments 4/5 Stars 4.5/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with HYCM (Henyep Capital Markets) or TMGM?

Comparing online brokers HYCM (Henyep Capital Markets) vs. TMGM: neither offers buying actual (delivered) cryptocurrencies, but both provide cryptocurrency CFD trading.

What funding options does each broker offer?

Online brokers HYCM (Henyep Capital Markets) and TMGM both do not support ACH/SEPA transfers; HYCM supports deposits and withdrawals via Skrill and bank wire, while TMGM’s availability for PayPal, Skrill, Visa/Mastercard, and bank wire is not specified.

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Overall Rating HYCM (Henyep Capital Markets) TMGM
Overall Rating info 4/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Range of Investments 4/5 Stars 4.5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 86 83
Winner check_circle
Review HYCM (Henyep Capital Markets) Review TMGM Review
Broker Screenshots HYCM (Henyep Capital Markets) TMGM
Broker Gallery (click to expand) info
HYCM MT5 desktop trading platform HYCM client portal Analyst Views market analysis HYCM YouTube channel videos.
TMGM MetaTrader 5 MT5 mobile app charts. TMGM client dashboard login TMGM Research Acuity Trading Signal Centre trading signals detail. TMGM learning center academy educational beginner courses progress tracking
Regulation HYCM (Henyep Capital Markets) TMGM
Trust Score info 86 83
Year Founded info 1977 2013
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info No info No info
Tier-1 Licenses info 2 2
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 2
Tier-1 Licenses (Highly Trusted) HYCM (Henyep Capital Markets) TMGM
Australia (ASIC Authorised) info No Yes
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info Yes No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No Yes
Regulated in one or more EU or EEA countries (MiFID). info No info No info
Tier-2 Licenses (Trusted) HYCM (Henyep Capital Markets) TMGM
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA, FSRA, or SCA Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments HYCM (Henyep Capital Markets) TMGM
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1199 12000
Forex Pairs (Total) info 70 62
U.S. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes No
Copy Trading info No Yes
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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 HYCM (Henyep Capital Markets) TMGM
Average spread (EUR/USD) - Standard account info 1.2 info N/A info
All-in Cost EUR/USD - Active info 0.6 info N/A info
Inactivity Fee info No Yes
Order execution: Agency info Yes Yes
Order execution: Market Maker info Yes Yes
Funding HYCM (Henyep Capital Markets) TMGM
Minimum Deposit info $20 $100
PayPal (Deposit/Withdraw) info No
Skrill (Deposit/Withdraw) info Yes
Bank Wire (Deposit/Withdraw) info Yes
Non-wire bank transfer info No No
Trading Platforms HYCM (Henyep Capital Markets) TMGM
Proprietary Desktop Trading Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info No Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
cTrader info No No
Trading Tools HYCM (Henyep Capital Markets) TMGM
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 30 30
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading HYCM (Henyep Capital Markets) TMGM
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info No No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes
Mobile Research - Economic Calendar info Yes Yes
Research HYCM (Henyep Capital Markets) TMGM
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central info Yes Yes
TipRanks info No No
Client sentiment data info No Yes
Economic Calendar info Yes Yes
Education HYCM (Henyep Capital Markets) TMGM
Webinars info No No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info No No
Major Forex Pairs HYCM (Henyep Capital Markets) TMGM
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review HYCM (Henyep Capital Markets) Review TMGM Review
Overall HYCM (Henyep Capital Markets) TMGM
Overall Rating info 4/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Range of Investments 4/5 Stars 4.5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 86 83
Winner check_circle
Review HYCM (Henyep Capital Markets) Review TMGM Review
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