Written by ForexBrokers.com
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.
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.
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)
|
TMGM
|
|---|---|---|
| Year Founded | 1977 | 2013 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When assessing the commissions and fees of HYCM (Henyep Capital Markets) and TMGM, both brokers present different offerings tailored to various trading preferences. HYCM's Raw account offers competitive pricing, marked by an all-in cost of approximately 0.6 pips for the EUR/USD currency pair, after including commissions. For traders opting for the Classic account, trading becomes slightly more expensive with variable spreads starting from 1.2 pips. Additionally, HYCM provides a fixed-spread account option with a spread of 1.5 pips. In terms of ratings, HYCM receives 4.5 stars out of five for its competitive pricing and ranks 15th among 63 brokers for commissions and fees according to ForexBrokers.com.
TMGM, on the other hand, shines with its Edge account which features attractive commission rates alongside low spreads. Although recent average spread data for the EUR/USD isn't available, TMGM maintains its allure through its transparency in trading costs, charging a $3.50 commission per side ($7 round trip) with the Edge account. This account type is especially advantageous for Islamic finance customers, offering Sharia-compliant features with its swap-free option. However, the Classic account does not support swap-free trading. TMGM has earned a solid 4-star rating for its commission and fee structure and is ranked 36th out of 63 brokers in the same category by ForexBrokers.com.
In summary, both HYCM and TMGM offer compelling choices for traders with distinct needs. HYCM may appeal more to those who prefer fixed or variable spreads with competitive pricing, especially in the Raw account. Meanwhile, TMGM caters to traders prioritizing flexible commission structures and swap-free options in the Edge account. Each broker has crafted a unique path to managing trading costs, reflected in their ratings and rankings within the industry.
| Feature |
HYCM (Henyep Capital Markets)
|
TMGM
|
|---|---|---|
| Minimum Deposit | $20 | $100 |
| Average Spread EUR/USD - Standard | 1.2 | N/A |
| All-in Cost EUR/USD - Active | 0.6 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| 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 it comes to offering a wide array of investment options, HYCM (Henyep Capital Markets) and TMGM each have their strengths. HYCM provides access to 1,199 tradeable symbols, with an impressive selection of 70 forex pairs. A notable advantage for HYCM clients is the opportunity to invest in exchange-traded securities on both U.S. and international exchanges, allowing purchases of popular stocks like Apple and Vodafone. However, HYCM does not support copy trading, and while it allows trading in cryptocurrency derivatives, it does not offer the purchase of actual cryptocurrencies.
On the other hand, TMGM stands out with a staggering 12,000 tradeable symbols, although it offers slightly fewer forex pairs at 62. Unlike HYCM, TMGM does not provide access to direct exchange-traded securities from either U.S. or international markets. Instead, it shines in its support for copy trading, enabling traders to replicate the strategies of others. Like HYCM, TMGM facilitates trading in cryptocurrency derivatives without offering purchases of actual cryptocurrencies. According to ForexBrokers.com, TMGM ranks higher in the Range of Investments category at #17, compared to HYCM's #33 ranking, and is awarded a 4.5-star rating compared to HYCM's 4 stars.
| Feature |
HYCM (Henyep Capital Markets)
|
TMGM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 12000 |
| Forex Pairs (Total) | 70 | 62 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| 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 the trading platforms and tools offered by HYCM (Henyep Capital Markets) and TMGM, there are several key points to consider. Both brokers provide the option of simulated trading, including free virtual demo accounts, which is great for beginners or those looking to test strategies without financial risks. While HYCM offers its own proprietary trading platform alongside the well-known MetaTrader 4 (MT4) and MetaTrader 5 (MT5), TMGM does not have a proprietary platform but supports both MT4 and MT5 as well. For those who prefer Windows-based or web-based trading platforms, both HYCM and TMGM have options available. However, TMGM stands out by offering copy trading capabilities, a feature that HYCM does not provide.
In terms of charting, both brokers are evenly matched, each offering 15 drawing tools and the capability to trade directly from a stock chart. However, neither supports ZuluTrade or DupliTrade. When evaluating the watch list features, HYCM and TMGM are equivalent, offering 7 columns for customization. For overall performance in the trading platforms and tools category, both receive a rating of 4 out of 5 stars. Despite their similar ratings, HYCM is ranked slightly higher by ForexBrokers.com at 40 out of 63 brokers, compared to TMGM's rank of 48, suggesting a slightly stronger overall impression in the market.
| Feature |
HYCM (Henyep Capital Markets)
|
TMGM
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| 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 HYCM (Henyep Capital Markets) and TMGM offer mobile trading apps for iPhone and Android users, ensuring a seamless trading experience across devices. Both platforms provide essential features such as stock and forex price alerts, the ability to draw trendlines on charts, and real-time quotes in watchlists. Each app allows you to view multiple time frames on charts and automatically saves your drawings, facilitating an efficient trading workflow. With 30 technical studies available for charting, both HYCM and TMGM meet the needs of traders looking for detailed market analysis.
While both brokers offer similar functionalities, including charting tools and alerts, neither app supports watchlist symbol syncing with online accounts. When it comes to user ratings, both apps scored 4 out of 5 stars. However, HYCM holds a slightly better ranking in the Mobile Trading Apps category by ForexBrokers.com, coming in at #37 out of 63 brokers, compared to TMGM's position at #47. Whether you choose HYCM or TMGM, both mobile apps provide a robust set of features to keep you connected to the markets.
| Feature |
HYCM (Henyep Capital Markets)
|
TMGM
|
|---|---|---|
| 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 the market research offerings of HYCM (Henyep Capital Markets) and TMGM, both brokers provide daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters, which is invaluable for staying updated on market trends. They also include resources from Trading Central, offering tools like Technical Analytics. However, TMGM stands out with a sentiment-based trading tool that shows a ratio of long and short positions across various instruments, as well as additional research tools from Acuity Trading, such as Signal Centre.
Despite these differences, both HYCM and TMGM offer economic calendars to track global news events, combining essential insights for smart trading decisions. Rated equally for research at 3.5 stars by ForexBrokers.com, HYCM holds a higher ranking at #35 out of 63 brokers compared to TMGM's ranking at #53, which may suggest a slight edge in their research offerings overall. Nonetheless, each broker brings valuable resources to the table, catering to different research preferences.
| Feature |
HYCM (Henyep Capital Markets)
|
TMGM
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational offerings of HYCM (Henyep Capital Markets) and TMGM for newcomers, HYCM stands out with a broader range of resources. HYCM offers more than ten educational pieces focused on forex and CFDs, coupled with over ten beginner-friendly trading videos, and an investor dictionary featuring over 50 terms. These resources can greatly aid beginners in understanding market dynamics and trading strategies. Although both brokers provide a searchable archive of recorded webinars, neither conducts monthly online educational webinars or offers a comprehensive selection of advanced trading videos.
TMGM lags behind in its educational provisions for beginners, as it lacks the basic array of over ten educational pieces and beginner-specific trading videos that HYCM offers. Nonetheless, it does offer an investor dictionary similar to HYCM and provides access to a searchable archive of past webinars. Despite both brokers having the same education rating of 3.5 stars, HYCM holds a higher rank for education resources at #32 compared to TMGM’s #54, indicating a slight edge in serving the learning needs of beginner traders.
| Feature |
HYCM (Henyep Capital Markets)
|
TMGM
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | 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 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)
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TMGM
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 83 |
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Both HYCM (Henyep Capital Markets) and TMGM do not offer the ability to buy actual delivered cryptocurrency, but they do provide the option to trade in cryptocurrency derivatives.
In comparing online brokers, HYCM and TMGM both offer Skrill, Visa, Mastercard, and bank wires as deposit and withdrawal options, but TMGM uniquely provides PayPal services, while neither supports ACH or SEPA transfers.
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 | HYCM (Henyep Capital Markets) | TMGM | |
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| Trust Score | 86 | 83 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | TMGM Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | TMGM | |
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| Regulation | HYCM (Henyep Capital Markets) | TMGM | |
|---|---|---|---|
| Trust Score | 86 | 83 | |
| Year Founded | 1977 | 2013 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | HYCM (Henyep Capital Markets) | TMGM | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | HYCM (Henyep Capital Markets) | TMGM | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | HYCM (Henyep Capital Markets) | TMGM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1199 | 12000 | |
| Forex Pairs (Total) | 70 | 62 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| 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 | HYCM (Henyep Capital Markets) | TMGM | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | 0.6 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | HYCM (Henyep Capital Markets) | TMGM | |
|---|---|---|---|
| Minimum Deposit | $20 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| 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 | HYCM (Henyep Capital Markets) | TMGM | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | HYCM (Henyep Capital Markets) | TMGM | |
|---|---|---|---|
| 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 | HYCM (Henyep Capital Markets) | TMGM | |
|---|---|---|---|
| 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 | HYCM (Henyep Capital Markets) | TMGM | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | TMGM | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | TMGM | |
|---|---|---|---|
| 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 | HYCM (Henyep Capital Markets) Review | TMGM Review |
| Overall | HYCM (Henyep Capital Markets) | TMGM | |
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| Trust Score | 86 | 83 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | TMGM Review |
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