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), founded in 1977, is a veteran in the online brokerage industry, whereas Trading 212 entered the scene in 2004. Neither of these brokers is publicly traded or operates as a bank. In terms of regulatory standing, HYCM holds two Tier-1 licenses and one Tier-2 license, securing a high Trust Score rating of 86 from ForexBrokers.com, indicating a trusted status. On the other hand, Trading 212 boasts three Tier-1 licenses, although it has no Tier-2 licenses, giving it a solid Trust Score rating of 80.
While both brokers offer strong regulatory credentials, HYCM edges ahead with a slightly higher Trust Score and a mix of both Tier-1 and Tier-2 licenses. Trading 212, however, matches closely with its three Tier-1 licenses. Both brokers thus provide trustworthy options for investors, despite their differences in the specific licenses held and how long they have been in the market. This makes them viable choices for individuals seeking online trading platforms that prioritize safety and compliance.
Feature |
HYCM (Henyep Capital Markets)
|
Trading 212
|
Year Founded
info
|
1977
|
2004
|
Publicly Traded (Listed)
info
|
No
|
No
|
Bank
info
|
No
|
No
|
Tier-1 Licenses
info
|
2
|
3
|
Tier-2 Licenses
info
|
1
|
0
|
Tier-3 Licenses
info
|
0
|
0
|
Tier-4 Licenses
info
|
1
|
0
|
Fees
Comparing commissions and fees, HYCM (Henyep Capital Markets) comes out cheaper for common forex pairs. On EUR/USD, HYCM’s Raw account has an all-in cost around 0.6 pips (after commission), while Trading 212’s published average spread for April 2025 is 2.7 pips on its CFD account. HYCM’s Classic account uses a variable spread starting from 1.2 pips, and there’s also a fixed-spread option at 1.5 pips. By contrast, Trading 212 markets zero-commission trading, but you still pay the spread when trading CFDs and forex—making its pricing meaningfully higher than HYCM on this key pair.
HYCM’s pricing structure clearly favors active traders who want tighter spreads, especially on the Raw account. For commissions and fees, HYCM earns a 4.5 out of 5 stars and ranks #16 out of 63 brokers on ForexBrokers.com.
Trading 212 offers two accounts—Invest for shares (minimum deposit 1 euro) and CFD for derivatives (minimum deposit 10 euros)—but the fees that matter for CFD and forex trading primarily come via the spread. With a 2.7-pip average on EUR/USD for April 2025, Trading 212 trails leading brokers on pricing transparency and cost. For commissions and fees, Trading 212 is rated 4 out of 5 stars and ranks #50 out of 63 brokers on ForexBrokers.com.
Feature |
HYCM (Henyep Capital Markets)
|
Trading 212
|
Minimum Deposit
info
|
$20
|
€1
|
Average Spread EUR/USD - Standard
info
|
1.2
info |
2.7
info |
All-in Cost EUR/USD - Active
info
|
0.6
info |
2.7
info |
Active Trader or VIP Discounts
info
|
Yes
|
No
|
ACH or SEPA Transfers
info
|
No
|
Yes
|
PayPal (Deposit/Withdraw)
info
|
No
|
Yes
|
Skrill (Deposit/Withdraw)
info
|
Yes
|
No
|
Visa/Mastercard (Credit/Debit)
info
|
Yes
|
Yes
|
Bank Wire (Deposit/Withdraw)
info
|
Yes
|
Yes
|
Dive deeper: Best Low Spread Forex Brokers.
Range of investments
HYCM vs Trading 212 for range of investments: both let you trade forex as CFDs or spot and buy exchange-traded shares on U.S. and international markets. The big difference is breadth. Trading 212 lists 7,868 tradeable symbols and 146 forex pairs, while HYCM offers 1,199 symbols and 70 pairs. Neither platform supports copy trading. For digital assets, both provide exposure via cryptocurrency derivatives, but you can’t buy actual coins on either.
Independent ratings also favor Trading 212 for breadth: it earns 5 out of 5 stars for Range of Investments and ranks #16 of 63 brokers at ForexBrokers.com. HYCM scores 4 out of 5 stars and ranks #34. If you want the widest selection—especially more forex pairs and stock tickers—Trading 212 is the stronger choice. If you’re fine with a smaller, still comprehensive lineup that includes both spot and CFD forex, HYCM can fit the bill.
Feature |
HYCM (Henyep Capital Markets)
|
Trading 212
|
Forex Trading (Spot or CFDs)
info
|
Yes
|
Yes
|
Tradeable Symbols (Total)
info
|
1199
|
7868
|
Forex Pairs (Total)
info
|
70
|
146
|
U.S. Stock Trading (Non CFD)
info
|
Yes
|
Yes
|
Int'l Stock Trading (Non CFD)
info
|
Yes
|
Yes
|
Social Trading / Copy Trading
info
|
No
|
No
|
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 Trading 212 both provide free paper trading via demo accounts and each offers its own proprietary trading platform. HYCM delivers both a Windows desktop download and a web platform, plus support for MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Trading 212 runs in the browser without a Windows desktop app and does not support MT4 or MT5. Neither broker offers copy trading, DupliTrade, or ZuluTrade. For Trading Platforms and Tools, both score 4 out of 5 stars; in ForexBrokers.com’s 63-broker rankings, HYCM is 41st while Trading 212 is 20th.
For charting and workflow, both brokers let you place trades directly from a chart. HYCM lists 15 drawing tools and 7 watchlist columns, while Trading 212 offers 20 drawing tools and 5 watchlist columns. If you want MetaTrader with a Windows desktop app, HYCM is the better fit; if you prefer a simple web experience on a proprietary platform, Trading 212 is worth a look.
Feature |
HYCM (Henyep Capital Markets)
|
Trading 212
|
Virtual Trading (Demo)
info
|
Yes
|
Yes
|
Proprietary Platform
info
|
Yes
|
Yes
|
Desktop Platform (Windows)
info
|
Yes
|
No
|
Web Platform
info
|
Yes
|
Yes
|
Social Trading / Copy Trading
info
|
No
|
No
|
MetaTrader 4 (MT4)
info
|
Yes
|
No
|
MetaTrader 5 (MT5)
info
|
Yes
|
No
|
DupliTrade
info
|
No
|
No
|
ZuluTrade
info
|
No
|
No
|
Charting - Indicators / Studies (Total)
info
|
30
|
54
|
Charting - Drawing Tools (Total)
info
|
15
|
20
|
Charting - Trade From Chart
info
|
Yes
|
Yes
|
Watchlists - Total Fields
info
|
7
|
5
|
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Forex trading apps
HYCM (Henyep Capital Markets) and Trading 212 both offer mobile trading apps for iPhone and Android, with real-time watchlists and price alerts. Each app lets you draw trendlines, switch between multiple time frames, and auto-save your chart drawings. The key usability difference is watchlist syncing: Trading 212 syncs your watchlists across devices and the web platform, while HYCM does not.
For charting depth, HYCM includes 30 technical studies, whereas Trading 212 provides 104, giving more choices for indicator-driven analysis. Both apps earn 4 out of 5 stars for mobile trading, but their category rankings diverge on ForexBrokers.com: HYCM sits at #38 out of 63 brokers, while Trading 212 ranks #17. Choose HYCM if you want a straightforward toolkit and can live without synced lists; pick Trading 212 if you value more indicators and seamless watchlist syncing across devices.
Feature |
HYCM (Henyep Capital Markets)
|
Trading 212
|
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
|
104
|
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, HYCM (Henyep Capital Markets) delivers daily market commentary and access to Trading Central’s analysis tools, along with an economic calendar and forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones. Trading 212 also provides premium news feeds and an economic calendar, and adds a sentiment tool that shows the ratio of long vs. short positions across instruments. Neither broker integrates Autochartist, TipRanks, or Acuity Trading tools.
Both HYCM and Trading 212 earn 3.5 out of 5 stars for research, though HYCM ranks higher overall (#36 of 63) than Trading 212 (#45 of 63) on ForexBrokers.com. Choose HYCM if you want daily commentary paired with Trading Central insights; pick Trading 212 if you value tracking crowd sentiment alongside headline news and calendar events.
Feature |
HYCM (Henyep Capital Markets)
|
Trading 212
|
Daily Market Commentary
info
|
Yes
|
No
|
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
|
No
|
Economic Calendar
info
|
Yes
|
Yes
|
Dive deeper: Best Brokers for Forex Research.
Beginners and education
HYCM (Henyep Capital Markets) and Trading 212 both deliver solid education for new traders. Each offers a library of 10+ forex and CFD learning pieces, at least 10 beginner-friendly videos, a searchable archive of recorded webinars, and an investor dictionary with 50+ terms. Neither broker runs monthly live client webinars. For overall education quality, both score 3.5 out of 5 stars.
Where they differ is depth for experienced traders: Trading 212 provides 10+ advanced trading videos, while HYCM does not. That helps explain why Trading 212 ranks #21 for Education at ForexBrokers.com, ahead of HYCM at #32 (out of 63 brokers). If you want strong basics—forex/CFD courses, beginner videos, and recorded webinars—either platform works. If you expect more advanced video content as you progress, Trading 212 has the edge.
Feature |
HYCM (Henyep Capital Markets)
|
Trading 212
|
Education (Forex or CFDs)
info
|
Yes
|
Yes
|
Client Webinars
info
|
No
|
No
|
Client Webinars (Archived)
info
|
Yes
|
Yes
|
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 Trading 212. HYCM (Henyep Capital Markets) finished with an overall rank of #29, while Trading 212 finished with an overall rank of #31.
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.
FAQs
Can you trade cryptocurrency with HYCM (Henyep Capital Markets) or Trading 212?
Both HYCM (Henyep Capital Markets) and Trading 212 do not provide the option to buy actual cryptocurrencies but do allow trading in cryptocurrency derivatives.
What funding options does each broker offer?
While HYCM (Henyep Capital Markets) and Trading 212 both support Visa, Mastercard, and bank wire transfers for depositing and withdrawing funds, Trading 212 additionally offers ACH, SEPA, and PayPal options, whereas HYCM provides Skrill instead.
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.
navigate_before
navigate_next
Overall Rating
|
HYCM (Henyep Capital Markets) |
Trading 212 |
|
Overall Rating info
|
|
|
|
Commissions & Fees |
|
|
|
Range of Investments |
|
|
|
Platforms & Tools |
|
|
|
Mobile Trading |
|
|
|
Research |
|
|
|
Education |
|
|
|
Trust Score info
|
86
|
80
|
|
Winner |
check_circle
|
|
|
Review |
HYCM (Henyep Capital Markets) Review
|
Trading 212 Review
|
|
Broker Screenshots
|
HYCM (Henyep Capital Markets) |
Trading 212 |
|
Broker Gallery (click to expand) info
|
|
|
|
Regulation
|
HYCM (Henyep Capital Markets) |
Trading 212 |
|
Trust Score info
|
86
|
80
|
|
Year Founded info
|
1977
|
2004
|
|
Publicly Traded (Listed) info
|
No
|
No
|
|
Bank info
|
No
|
No
|
|
Regulated in one or more EU or EEA countries (MiFID). info
|
No
info
|
Yes
info
|
|
Tier-1 Licenses info
|
2
|
3
|
|
Tier-2 Licenses info
|
1
|
0
|
|
Tier-3 Licenses info
|
0
|
0
|
|
Tier-4 Licenses info
|
1
|
0
|
|
Tier-1 Licenses (Highly Trusted)
|
HYCM (Henyep Capital Markets) |
Trading 212 |
|
Australia (ASIC Authorised) info
|
No
|
No
|
|
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
|
Yes
info
|
|
Tier-2 Licenses (Trusted)
|
HYCM (Henyep Capital Markets) |
Trading 212 |
|
Kenya (CMA Authorised) info
|
|
|
|
Israel (ISA Authorised) info
|
No
|
No
|
|
South Africa (FSCA Authorised) info
|
No
|
No
|
|
UAE (DFSA/Central Bank Authorised) info
|
Yes
|
No
|
|
India (SEBI Authorised) info
|
No
|
No
|
|
Jordan (JSC Authorised) info
|
|
|
|
Investments
|
HYCM (Henyep Capital Markets) |
Trading 212 |
|
Forex Trading (Spot or CFDs) info
|
Yes
|
Yes
|
|
Tradeable Symbols (Total) info
|
1199
|
7868
|
|
Forex Pairs (Total) info
|
70
|
146
|
|
U.S. Stock Trading (Non CFD) info
|
Yes
|
Yes
|
|
Int'l Stock Trading (Non CFD) info
|
Yes
|
Yes
|
|
Social Trading / Copy Trading info
|
No
|
No
|
|
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) |
Trading 212 |
|
Average Spread EUR/USD - Standard info
|
1.2
info
|
2.7
info
|
|
All-in Cost EUR/USD - Active info
|
0.6
info
|
2.7
info
|
|
Active Trader or VIP Discounts info
|
Yes
|
No
|
|
Inactivity Fee info
|
No
|
No
|
|
Execution: Agency Broker info
|
Yes
|
Yes
|
|
Execution: Market Maker info
|
Yes
|
Yes
|
|
Funding
|
HYCM (Henyep Capital Markets) |
Trading 212 |
|
Minimum Deposit info
|
$20
|
€1
|
|
PayPal (Deposit/Withdraw) info
|
No
|
Yes
|
|
Skrill (Deposit/Withdraw) info
|
Yes
|
No
|
|
Visa/Mastercard (Credit/Debit) info
|
Yes
|
Yes
|
|
Bank Wire (Deposit/Withdraw) info
|
Yes
|
Yes
|
|
ACH or SEPA Transfers info
|
No
|
Yes
|
|
Trading Platforms
|
HYCM (Henyep Capital Markets) |
Trading 212 |
|
Proprietary Platform info
|
Yes
|
Yes
|
|
Desktop Platform (Windows) info
|
Yes
|
No
|
|
Web Platform info
|
Yes
|
Yes
|
|
Social Trading / Copy Trading info
|
No
|
No
|
|
MetaTrader 4 (MT4) info
|
Yes
|
No
|
|
MetaTrader 5 (MT5) info
|
Yes
|
No
|
|
cTrader info
|
No
|
No
|
|
DupliTrade info
|
No
|
No
|
|
ZuluTrade info
|
No
|
No
|
|
Trading Tools
|
HYCM (Henyep Capital Markets) |
Trading 212 |
|
Virtual Trading (Demo) info
|
Yes
|
Yes
|
|
Alerts - Basic Fields info
|
Yes
|
Yes
|
|
Watchlists - Total Fields info
|
7
|
5
|
|
Charting - Indicators / Studies (Total) info
|
30
|
54
|
|
Charting - Drawing Tools (Total) info
|
15
|
20
|
|
Charting - Trade From Chart info
|
Yes
|
Yes
|
|
Charts can be saved info
|
Yes
|
Yes
|
|
Mobile Trading
|
HYCM (Henyep Capital Markets) |
Trading 212 |
|
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
|
104
|
|
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
|
Yes
|
|
Research
|
HYCM (Henyep Capital Markets) |
Trading 212 |
|
Daily Market Commentary info
|
Yes
|
No
|
|
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
|
Yes
|
|
Education
|
HYCM (Henyep Capital Markets) |
Trading 212 |
|
Education (Forex or CFDs) info
|
Yes
|
Yes
|
|
Client Webinars info
|
No
|
No
|
|
Client Webinars (Archived) info
|
Yes
|
Yes
|
|
Videos - Beginner Trading Videos info
|
Yes
|
Yes
|
|
Videos - Advanced Trading Videos info
|
No
|
Yes
|
|
Investor Dictionary (Glossary) info
|
Yes
|
Yes
|
|
arrow_upward