Written by ForexBrokers.com
In this head to head comparison of HYCM (Henyep Capital Markets) vs Trade Nation, 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.
HYCM (Henyep Capital Markets), established in 1977, and Trade Nation, founded in 2014, are both reputable online brokers with strong regulatory credentials. Each broker holds two Tier-1 licenses, ensuring a high level of trust and safety for investors. These Tier-1 licenses are indicators of a highly trusted status according to ForexBrokers.com. Additionally, both brokers each maintain a Tier-2 license, complementing their regulatory framework. Neither HYCM nor Trade Nation is publicly traded or operates as a bank, which is common in the online brokerage industry.
In terms of trust and reliability, HYCM has a Trust Score of 86, while Trade Nation closely follows with a score of 85, as per ForexBrokers.com. These scores place both brokers in the "trusted" bracket, reflecting a strong regulatory standing. Investors looking for reliable trading platforms can find security with either HYCM or Trade Nation, thanks to their consistent adherence to safety and regulatory standards. With both brokers offering a similar trust profile, choosing between them might come down to other factors such as trading tools, customer service, or specific trading needs.
| Feature |
HYCM (Henyep Capital Markets)
|
Trade Nation
|
|---|---|---|
| Year Founded | 1977 | 2014 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When it comes to evaluating commissions and fees, HYCM (Henyep Capital Markets) offers a range of account options suited for different trading needs. Their Raw account provides competitive pricing, with an all-in cost of about 0.6 pips for the EUR/USD pair, including the commission. For those seeking a variable spread, the Classic account starts from 1.2 pips, while a fixed-spread account is available at 1.5 pips. HYCM is well-regarded in the industry, receiving a 4.5-star rating and ranking 15th out of 63 brokers in the Commissions and Fees category by ForexBrokers.com.
Trade Nation distinguishes itself through its competitive fixed-spread pricing on its proprietary platform and variable-spread pricing on the MetaTrader platform. For the EUR/USD pair, Trade Nation offers a fixed spread of 0.6 pips, though this can widen to 1.4 pips during a brief daily rollover period. This results in an average spread closer to 1 pip over time. With three primary account types, Trade Nation provides flexibility: a commission-based Raw Spread account, a commission-free MetaTrader account, and a TN Trader account with its proprietary platform, offering the lowest spreads of the three. Trade Nation excels in the Commissions and Fees category, earning a 5-star rating and ranking 7th out of 63 brokers according to ForexBrokers.com.
| Feature |
HYCM (Henyep Capital Markets)
|
Trade Nation
|
|---|---|---|
| Minimum Deposit | $20 | $0 |
| Average Spread EUR/USD - Standard | 1.2 | 0.6 |
| All-in Cost EUR/USD - Active | 0.6 | 0.6 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | 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 examining the range of investments available at HYCM (Henyep Capital Markets) and Trade Nation, both brokers show competitive offerings, but with some differences. HYCM features a broader choice, providing access to 1,199 tradeable symbols compared to Trade Nation's 1,000. Forex enthusiasts will find HYCM offers a wider selection with 70 forex pairs, while Trade Nation provides 46. For those interested in stock trading, HYCM allows the purchase of exchange-traded securities on both U.S. and international exchanges, a feature not available through Trade Nation. Meanwhile, cryptocurrency offerings are limited to derivatives for both brokers, as neither supports buying actual cryptocurrencies.
Additional features like copy trading vary, with Trade Nation offering this service, whereas HYCM does not. Ratings for their range of investments reflect these differences; HYCM scores 4 out of 5 stars and is ranked #33 by ForexBrokers.com, while Trade Nation earns 3.5 stars and ranks #38. These investment options highlight HYCM's broader access across various asset classes, whereas Trade Nation may appeal to traders looking for specific services such as copy trading.
| Feature |
HYCM (Henyep Capital Markets)
|
Trade Nation
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 1000 |
| Forex Pairs (Total) | 70 | 46 |
| 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 and Trade Nation both provide free demo accounts, allowing users to practice trading with simulated platforms. This feature ensures that traders, whether new or experienced, can familiarize themselves with the trading environment without financial risk. Both brokers cater to a wide range of trading preferences by offering proprietary platforms, as well as MetaTrader 4. Additionally, HYCM supports MetaTrader 5, which Trade Nation does not. While both brokers offer web-based and Windows desktop platforms, Trade Nation’s inclusion of copy trading may appeal to those interested in social trading features, which is not available with HYCM.
Concerning charting tools, Trade Nation stands out with 39 drawing tools compared to HYCM's 15. However, when it comes to trading directly from stock charts, HYCM takes the lead. In terms of watch list customization, Trade Nation provides more flexibility with 14 columns versus HYCM’s 7. Despite these differences, both brokers receive a solid 4-star rating for their trading platforms and tools. Interestingly, ForexBrokers.com ranks HYCM slightly higher at #40 out of 63 brokers, with Trade Nation at #44. This close ranking suggests that both platforms offer competitive tools, providing users with powerful choices for managing their trading strategies.
| Feature |
HYCM (Henyep Capital Markets)
|
Trade Nation
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 115 |
| Charting - Drawing Tools (Total) | 15 | 39 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 7 | 14 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both HYCM (Henyep Capital Markets) and Trade Nation offer iPhone and Android apps for those who want to trade on the go. HYCM provides important trading features such as stock and forex price alerts and the ability to create watchlists with real-time quotes. However, the app lacks watchlist symbol syncing, so changes aren't automatically reflected across devices. On the other hand, Trade Nation's app makes watchlist management seamless, as it syncs with your online account. Both platforms allow drawing trendlines and viewing multiple time frames on charts, with each app auto-saving these drawings for future reference.
When it comes to technical studies, Trade Nation has a leg up with 99 studies compared to HYCM's 30, offering more tools for detailed analysis. Both apps have earned a 4-star rating for their mobile trading capabilities, though HYCM holds a slightly higher position on ForexBrokers.com's Mobile Trading Apps ranking, coming in at #37 compared to Trade Nation's #45. Whether you prioritize more technical analysis features or easier management of your watchlists may guide your choice between these two brokers.
| Feature |
HYCM (Henyep Capital Markets)
|
Trade Nation
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 99 |
| 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.
Both HYCM (Henyep Capital Markets) and Trade Nation offer daily market commentary and provide access to forex news from top-tier sources, ensuring traders are well-informed with up-to-date information. However, they diverge in the specific tools and features available for market analysis. While HYCM offers tools from Trading Central for technical analytics, Trade Nation provides sentiment-based trading tools and resources from Acuity Trading, such as Signal Centre. This setup allows traders on either platform to leverage different methodologies for analyzing the market effectively.
In terms of additional features, HYCM stands out with its inclusion of an economic calendar that highlights worldwide economic events, a feature not present in Trade Nation's offerings. Despite their differences, both brokers are rated at 3.5 out of 5 stars for research capabilities. Ranked by ForexBrokers.com, HYCM holds the 35th spot while Trade Nation is positioned at 42nd among 63 brokers, indicating a close competitive stance in the research category.
| Feature |
HYCM (Henyep Capital Markets)
|
Trade Nation
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | No |
Dive deeper: Best Brokers for Forex Research.
When assessing the educational resources available to new traders, both HYCM (Henyep Capital Markets) and Trade Nation offer a solid foundation. Each broker provides more than ten educational items focused on forex and CFDs, such as articles and videos. This is particularly beneficial for beginners stepping into the trading world. Both platforms also feature ten or more videos specifically designed for beginners, making it easier for newcomers to understand trading basics. However, while Trade Nation excels in offering advanced educational videos, HYCM falls short, which might affect more experienced traders looking for in-depth content.
In terms of additional resources, HYCM provides a searchable archive of past webinars, offering extra learning opportunities, whereas Trade Nation does not. Both brokers offer a comprehensive investor dictionary with over 50 investing terms to help traders get acquainted with industry terminology. Despite their similar educational ratings of 3.5 stars, HYCM is ranked slightly higher at #32 compared to Trade Nation at #41 based on ForexBrokers.com rankings. This indicates a marginal advantage for HYCM in the quality and availability of educational resources.
| Feature |
HYCM (Henyep Capital Markets)
|
Trade Nation
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
| 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 Trade Nation. HYCM (Henyep Capital Markets) finished with an overall rank of #29, while Trade Nation finished with an overall rank of #34.
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)
|
Trade Nation
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 85 |
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Both HYCM (Henyep Capital Markets) and Trade Nation do not provide options to purchase actual cryptocurrencies, but they each offer the ability to trade cryptocurrency derivatives.
Both HYCM (Henyep Capital Markets) and Trade Nation offer similar deposit and withdrawal options, lacking ACH, SEPA, and PayPal options, but both support Skrill, Visa, Mastercard, and bank wires for their clients.
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) | Trade Nation | |
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| Trust Score | 86 | 85 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | Trade Nation Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | Trade Nation | |
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| Regulation | HYCM (Henyep Capital Markets) | Trade Nation | |
|---|---|---|---|
| Trust Score | 86 | 85 | |
| Year Founded | 1977 | 2014 | |
| 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 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | HYCM (Henyep Capital Markets) | Trade Nation | |
|---|---|---|---|
| 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 | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | HYCM (Henyep Capital Markets) | Trade Nation | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | HYCM (Henyep Capital Markets) | Trade Nation | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1199 | 1000 | |
| Forex Pairs (Total) | 70 | 46 | |
| 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) | Trade Nation | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | 0.6 | |
| All-in Cost EUR/USD - Active | 0.6 | 0.6 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | HYCM (Henyep Capital Markets) | Trade Nation | |
|---|---|---|---|
| Minimum Deposit | $20 | $0 | |
| PayPal (Deposit/Withdraw) | No | 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 | HYCM (Henyep Capital Markets) | Trade Nation | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | HYCM (Henyep Capital Markets) | Trade Nation | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 14 | |
| Charting - Indicators / Studies (Total) | 30 | 115 | |
| Charting - Drawing Tools (Total) | 15 | 39 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | No |
| Mobile Trading | HYCM (Henyep Capital Markets) | Trade Nation | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 99 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | No |
| Research | HYCM (Henyep Capital Markets) | Trade Nation | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | No |
| Education | HYCM (Henyep Capital Markets) | Trade Nation | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | Trade Nation | |
|---|---|---|---|
| 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 | Trade Nation Review |
| Overall | HYCM (Henyep Capital Markets) | Trade Nation | |
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| Trust Score | 86 | 85 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | Trade Nation Review |
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