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 |
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)
|
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.
HYCM (Henyep Capital Markets) vs TMGM: For range of investments, both brokers let you trade forex as CFDs or spot. TMGM offers far more markets overall with about 12,000 tradeable symbols, compared with HYCM’s 1,199. That said, HYCM lists more currency choices, with 70 forex pairs versus TMGM’s 62. Both provide cryptocurrency derivatives (not the coins themselves). TMGM also supports copy trading, while HYCM does not.
If you want to buy real stocks, HYCM stands out by offering exchange-traded shares on both U.S. and international exchanges; TMGM does not offer real share dealing. Independent ratings reflect these trade-offs: HYCM earns 4/5 stars and ranks 34th out of 63 brokers for range of investments, while TMGM scores 4.5/5 stars and ranks 18th. Choose TMGM for sheer market variety and copy trading, or pick HYCM if you want deeper forex coverage and the ability to own actual shares alongside CFDs.
| 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.
HYCM (Henyep Capital Markets) and TMGM both make it easy to get started with a free demo account and support MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Each broker offers trading in a web browser and a Windows desktop app, plus handy features like trading directly from charts, 15 drawing tools, and watchlists with seven columns. A key difference is platform choice: HYCM provides a proprietary in-house platform, while TMGM sticks to third-party options. For social features, TMGM supports copy trading, whereas HYCM does not. Neither broker integrates DupliTrade or ZuluTrade.
In independent testing of Trading Platforms and Tools, both HYCM and TMGM earned 4 out of 5 stars. Looking at rankings from ForexBrokers.com, HYCM placed #41 out of 63 brokers, while TMGM ranked #49. In short, pick HYCM if you want an in-house platform alongside MT4/MT5; pick TMGM if copy trading is a priority.
| 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.
HYCM (Henyep Capital Markets) and TMGM both deliver capable mobile trading apps for iPhone and Android. You get price alerts, real-time watchlists, 30 technical studies for charting, drawing tools like trendlines, multiple time frames (from intraday to daily and weekly), and drawings that auto-save. The main drawback for both is that watchlists don’t sync between the mobile app and the online account.
Both apps earn 4 out of 5 stars for mobile trading. However, in ForexBrokers.com’s rankings out of 63 brokers, HYCM sits at #38 while TMGM is #48, giving HYCM a slight edge despite their similar feature sets. If you want strong charting and alerts on iOS or Android, either app will do; the better pick may come down to your overall platform experience and account preferences.
| 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.
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)
|
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
|
|---|---|---|
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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) | |||
| 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) | |||
| 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) |
| 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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