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HYCM (Henyep Capital Markets) vs Trade Nation 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

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.

HYCM (Henyep Capital Markets)
4/5 Stars Overall
  • Minimum Deposit: $20
  • Trust Score: 86
  • Tradeable Symbols (Total): 1199
Trade Nation
4/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 85
  • Tradeable Symbols (Total): 1000

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

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) logoHYCM (Henyep Capital Markets)
Trade Nation logoTrade Nation
Year Founded info 1977 2014
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 2 2
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 2

Fees

Looking at commissions and fees, Trade Nation edges out HYCM (Henyep Capital Markets) for overall value. Trade Nation earns 5.0/5 stars and ranks #7 of 63 brokers for this category, while HYCM scores 4.5/5 stars and ranks #16 of 63. Both can reach about 0.6 pips on EUR/USD, but they get there in different ways and with different levels of price predictability.

HYCM offers three pricing setups. Its Raw account delivers an all-in cost around 0.6 pips on EUR/USD after commission, making it the most cost-effective choice at HYCM. The Classic account uses variable spreads starting from 1.2 pips, and the Fixed account posts a steady 1.5-pip spread. These options let you choose between commission-based pricing or spread-only simplicity.

Trade Nation focuses on fixed spreads on its TN Trader platform, listing 0.6 pips on EUR/USD for most of the day; spreads widen for about an hour at daily rollover (up to roughly 1.4 pips), putting the true average closer to 1 pip. It also offers MetaTrader accounts, including a commission-free option (higher spreads) and a Raw Spread account that charges $3.50 per side ($7 round trip) per standard lot. When factoring all-in costs, TN Trader generally comes out lowest among Trade Nation’s account choices.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Trade Nation logoTrade Nation
Minimum Deposit info $20 $0
Average Spread EUR/USD - Standard info 1.2 info 0.6
All-in Cost EUR/USD - Active info 0.6 info 0.6
Active Trader or VIP Discounts info Yes No
ACH or SEPA Transfers info No No
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

Comparing HYCM (Henyep Capital Markets) and Trade Nation on range of investments, HYCM lists 1,199 tradeable symbols versus Trade Nation’s 1,000. HYCM also offers 70 forex pairs compared with Trade Nation’s 46, and both brokers let you trade forex via CFDs or spot contracts. Each supports cryptocurrency derivatives but neither lets you buy actual coins.

For equities access, HYCM stands out by allowing clients to buy exchange-traded shares on both U.S. and international exchanges, while Trade Nation does not offer real share dealing. Trade Nation counters with copy trading, which HYCM doesn’t provide. In independent assessments of range of investments, HYCM earns 4 stars and ranks 34th out of 63 brokers, while Trade Nation scores 3.5 stars and ranks 39th. If you want wider market coverage and real stocks, HYCM is the stronger choice; if copy trading matters more, Trade Nation may suit you.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Trade Nation logoTrade Nation
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1199 1000
Forex Pairs (Total) info 70 46
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info No Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) 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 Trade Nation both check key boxes for trading platforms and tools: each offers a free demo (paper) account, a proprietary platform, and Windows desktop and web-based platforms. Both support MetaTrader 4 (MT4), while HYCM also offers MetaTrader 5 (MT5). Copy trading is a differentiator—Trade Nation supports it, HYCM does not. Neither broker connects to DupliTrade or ZuluTrade. For charting, both include technical indicators, but the toolkits differ: HYCM provides 15 drawing tools and lets you place trades directly from charts, whereas Trade Nation offers 39 drawing tools but does not support trading from charts.

Watchlists are more detailed at Trade Nation with 14 fields versus HYCM’s 7. In expert evaluations of trading platforms and tools, both earn 4 out of 5 stars, with HYCM ranked #41 and Trade Nation #45 out of 63 brokers by ForexBrokers.com. In short, choose HYCM if you want MT5 and trading from charts; pick Trade Nation if copy trading, extra drawing tools, and more watchlist columns matter most.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Trade Nation logoTrade Nation
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info No Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes No
DupliTrade info No No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 30 115
Charting - Drawing Tools (Total) info 15 39
Charting - Trade From Chart info Yes No
Watchlists - Total Fields info 7 14

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

Forex trading apps

Both HYCM (Henyep Capital Markets) and Trade Nation offer iPhone and Android apps with price alerts and real-time watchlists. Their mobile charting covers the basics well: you can draw trendlines, switch between multiple time frames, and your drawings auto save. The main differences are in charting depth and watchlist features. HYCM’s mobile app includes 30 technical indicators, while Trade Nation packs in 99. Trade Nation also syncs watchlists between the mobile app and your online account, whereas HYCM does not.

Despite these contrasts, both apps earn 4 out of 5 stars for mobile trading. In ForexBrokers.com’s rankings out of 63 brokers, HYCM sits at #38 and Trade Nation at #46. If you value more indicators and synced watchlists, Trade Nation’s mobile app stands out. If you’re fine without syncing and prefer a simpler toolkit, HYCM’s mobile app will get the job done.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Trade Nation logoTrade Nation
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info No Yes
Mobile Charting - Indicators / Studies info 30 99
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

Comparing market research at HYCM (Henyep Capital Markets) and Trade Nation shows clear strengths on both sides. Each broker delivers daily market commentary and headline forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones. Both earn 3.5 out of 5 stars for research; however, HYCM ranks #36 out of 63 brokers at ForexBrokers.com, while Trade Nation ranks #43.

The toolsets differ. HYCM includes Trading Central analytics and an economic calendar, but does not offer Autochartist, a sentiment tool, TipRanks, or Acuity Trading. Trade Nation, on the other hand, provides a sentiment indicator and research from Acuity Trading (e.g., Signal Centre), but lacks Trading Central, an economic calendar, Autochartist, and TipRanks. In short, HYCM suits traders who value classic technical analysis and calendar-driven planning, while Trade Nation appeals to those who prefer crowd sentiment and third-party signal insights.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Trade Nation logoTrade Nation
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central (Recognia) info Yes No
Social Sentiment - Currency Pairs info No Yes
TipRanks info No No
Signal Centre (Acuity Trading) info No Yes
Economic Calendar info Yes No

Dive deeper: Best Brokers for Forex Research.

Beginners and education

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) logoHYCM (Henyep Capital Markets)
Trade Nation logoTrade Nation
Education (Forex or CFDs) info Yes Yes
Client Webinars info No No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info No Yes
Investor Dictionary (Glossary) info Yes Yes

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 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) logoHYCM (Henyep Capital Markets)
Trade Nation logoTrade Nation
Overall Rating info 4/5 Stars 4/5 Stars
Trust Score info 86 85
Range of Investments 4/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 5/5 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 Trade Nation?

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.

What funding options does each broker offer?

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.




announcementPlease 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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Compare

0 of 5
Overall Rating HYCM (Henyep Capital Markets) Trade Nation
Overall Rating info 4/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 5/5 Stars
Range of Investments 4/5 Stars 3.5/5 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 85
Winner check_circle
Review HYCM (Henyep Capital Markets) Review Trade Nation Review
Broker Screenshots HYCM (Henyep Capital Markets) Trade Nation
Broker Gallery (click to expand) info
Regulation HYCM (Henyep Capital Markets) Trade Nation
Trust Score info 86 85
Year Founded info 1977 2014
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 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 2
Tier-1 Licenses (Highly Trusted) HYCM (Henyep Capital Markets) Trade Nation
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 Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info No info No info
Tier-2 Licenses (Trusted) HYCM (Henyep Capital Markets) Trade Nation
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No Yes
UAE (DFSA, FSRA, or SCA Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments HYCM (Henyep Capital Markets) Trade Nation
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1199 1000
Forex Pairs (Total) info 70 46
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info No Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) 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) Trade Nation
Average Spread EUR/USD - Standard info 1.2 info 0.6
All-in Cost EUR/USD - Active info 0.6 info 0.6
Active Trader or VIP Discounts info Yes No
Inactivity Fee info No No
Execution: Agency Broker info Yes No
Execution: Market Maker info Yes Yes
Funding HYCM (Henyep Capital Markets) Trade Nation
Minimum Deposit info $20 $0
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info No No
Trading Platforms HYCM (Henyep Capital Markets) Trade Nation
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info No Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes No
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools HYCM (Henyep Capital Markets) Trade Nation
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 7 14
Charting - Indicators / Studies (Total) info 30 115
Charting - Drawing Tools (Total) info 15 39
Charting - Trade From Chart info Yes No
Charts can be saved info Yes No
Mobile Trading HYCM (Henyep Capital Markets) Trade Nation
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info No Yes
Mobile Charting - Indicators / Studies info 30 99
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Economic Calendar info Yes No
Research HYCM (Henyep Capital Markets) Trade Nation
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central (Recognia) info Yes No
TipRanks info No No
Social Sentiment - Currency Pairs info No Yes
Economic Calendar info Yes No
Education HYCM (Henyep Capital Markets) Trade Nation
Education (Forex or CFDs) info Yes Yes
Client Webinars info No No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info No Yes
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs HYCM (Henyep Capital Markets) Trade Nation
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review HYCM (Henyep Capital Markets) Review Trade Nation Review
Overall HYCM (Henyep Capital Markets) Trade Nation
Overall Rating info 4/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 5/5 Stars
Range of Investments 4/5 Stars 3.5/5 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 85
Winner check_circle
Review HYCM (Henyep Capital Markets) Review Trade Nation Review
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