HYCM (Henyep Capital Markets) vs Trade Nation 2023

HYCM is not publicly traded and does operate a bank. HYCM is authorised by three Tier-1 regulators (Highly Trusted), one Tier-2 regulator (Trusted), zero Tier-3 regulators (Average Risk), and one tier-4 regulator (High Risk). HYCM is authorised by the following Tier-1 regulators: the Securities Futures Commission (SFC), Financial Conduct Authority (FCA), and regulated in the European Union via the MiFID passporting system.

Trade Nation is not publicly traded and does not operate a bank. Trade Nation is authorized by two Tier-1 regulators (Highly Trusted), one Tier-2 regulator (Trusted), zero Tier-3 regulators (Average Risk), and two Tier-4 regulators (High Risk). Trade Nation is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC) and Financial Conduct Authority (FCA).

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.

Trade Nation’s well-designed, easy-to-use trading app is an innovative trading platform that’s great for beginner forex and CFD traders. However, if you’re a seasoned trader, you may find that Trade Nation lacks advanced features compared to the best trading platforms.

To open a trading account with HYCM (Henyep Capital Markets), you'll need to make an initial minimum deposit of $20.

Trade Nation requires a minimum deposit of $0 before you can open an account and start trading.

It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. HYCM (Henyep Capital Markets) offers Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw) for banking, whereas Trade Nation provides Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw) and Skrill (Deposit/Withdraw). Neither have PayPal (Deposit/Withdraw)

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that Trade Nation offers better pricing overall for traders.

Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.

At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that HYCM (Henyep Capital Markets) holds 3 global Tier-1 licenses, while Trade Nation holds 2. Both HYCM (Henyep Capital Markets) and Trade Nation hold 1 global Tier-2 licenses.

After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that HYCM (Henyep Capital Markets) (88) earned a higher Trust Score than Trade Nation (85).

To compare the trading platforms of both HYCM (Henyep Capital Markets) and Trade Nation, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, HYCM (Henyep Capital Markets) offers a better experience. With research, HYCM (Henyep Capital Markets) offers superior market research. Finally, we found HYCM (Henyep Capital Markets) to provide better mobile trading apps.

Here’s what trading platforms are available at HYCM (Henyep Capital Markets):

• Proprietary Platform - Yes
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - Yes
• MT5 - Yes
• ZuluTrade - No
• TradingView - No

Here’s what trading platforms are available at Trade Nation:

• Proprietary Platform - Yes
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - Yes
• MT5 - No
• ZuluTrade - No
• TradingView - No

The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Both HYCM (Henyep Capital Markets) and Trade Nation offer MetaTrader 4 (MT4). Forex traders also appreciate the ability to engage in social copy trading. Copy trading is not offered by either broker.

HYCM (Henyep Capital Markets) provides traders 70 currency pairs (e.g., EUR/USD) compared to Trade Nation's 28 available pairs. If you are interested in trading CFDs, HYCM (Henyep Capital Markets) offers traders access to 1199 CFDs, while Trade Nation offers access to 601 CFDs; so HYCM (Henyep Capital Markets) offers 598 more CFDs than Trade Nation.

We found in our testing that HYCM (Henyep Capital Markets) offers a more diverse selection of investment options than Trade Nation, allowing you to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Int'l Stock Trading (Non CFD) and Cryptocurrency (Derivative). Neither have Cryptocurrency (Physical) and Social Trading / Copy Trading.