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HYCM (Henyep Capital Markets) vs VT Markets 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of HYCM (Henyep Capital Markets) vs VT Markets, 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
VT Markets
4/5 Stars Overall
  • Minimum Deposit: $100
  • Trust Score: 70
  • 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, is an online broker with a strong regulatory framework. Holding two Tier-1 licenses, it is considered a trusted broker with a Trust Score of 86 out of 99 by ForexBrokers.com. While it is not a publicly traded company or a bank, its regulatory credentials make it a reliable choice for online trading. HYCM ensures a level of trust that is bolstered by its long-standing presence in the financial markets.

Founded in 2016, VT Markets is a newer entrant in the online trading landscape. It holds one Tier-1 license and one Tier-2 license, reflecting a moderate level of trustworthiness with a Trust Score of 70 out of 99 from ForexBrokers.com. Like HYCM, VT Markets is not publicly traded and doesn't operate as a bank. Although it carries more risk compared to HYCM, it maintains a trusted status in the industry, particularly suited for those seeking alternative trading options.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
VT Markets logoVT Markets
Year Founded info 1977 2016
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 2 1
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0

Fees

When you compare commissions and fees, HYCM comes out cheaper on EUR/USD with its Raw account at about 0.6 pips all-in after commission, versus VT Markets’ Raw ECN at about 0.83 pips effective (based on a 0.6-pip round-turn commission plus a 0.23-pip average spread in September 2021). For spread-only pricing, HYCM’s Classic account and VT Markets’ Standard STP both sit around 1.2 pips on EUR/USD, though VT’s Standard STP is commission-free. HYCM also offers a fixed-spread account at 1.5 pips, while VT Markets has a $100 minimum deposit for both account types. In short, VT’s Raw ECN pricing is standard for the industry and its Standard STP is less price-friendly, while HYCM’s Raw account is the sharper deal in this matchup.

HYCM (Henyep Capital Markets) commissions and fees: Raw account ~0.6 pips all-in on EUR/USD; Classic account has variable spreads from 1.2 pips; Fixed-spread account at 1.5 pips. Rating: 4.5 out of 5 stars for commissions and fees; ranked #16 out of 63 brokers by ForexBrokers.com.

VT Markets commissions and fees: Raw ECN ~0.83 pips effective on EUR/USD (0.6-pip round-turn commission + 0.23-pip average spread, Sept 2021); Standard STP averages about 1.2 pips and is commission-free; $100 minimum deposit for both accounts. Rating: 4.5 out of 5 stars for commissions and fees; ranked #21 out of 63 brokers by ForexBrokers.com.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
VT Markets logoVT Markets
Minimum Deposit info $20 $100
Average spread (EUR/USD) - Standard account info 1.2 info 1.2 info
All-in Cost EUR/USD - Active info 0.6 info 0.8 info
Non-wire bank transfer info No No
PayPal (Deposit/Withdraw) info No
Skrill (Deposit/Withdraw) info Yes
Bank Wire (Deposit/Withdraw) info Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

HYCM (Henyep Capital Markets) and VT Markets both support forex trading (available as CFDs or spot, depending on the account). HYCM lists 1,199 tradeable symbols with 70 forex pairs, while VT Markets offers 1,000 symbols and 39 forex pairs. Both brokers provide crypto trading through CFDs, but neither lets you buy actual cryptocurrencies. VT Markets adds copy trading, which HYCM does not.

For stocks, HYCM stands out by offering exchange-traded shares on both U.S. and international exchanges, whereas VT Markets offers exchange-traded shares on international markets only (not U.S.). Reflecting the broader lineup, HYCM holds a 4-star Range of Investments rating and ranks #34 out of 63 brokers at ForexBrokers.com; VT Markets earns 3.5 stars and ranks #40. In short, choose HYCM if you want more symbols, more forex pairs, and U.S. share dealing; pick VT Markets if you value copy trading and access to international shares.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
VT Markets logoVT Markets
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1199 1000
Forex Pairs (Total) info 70 39
U.S. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes Yes
Copy Trading info No Yes
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) 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 VT Markets both cover the essentials for traders: each offers a free demo account, a Windows desktop platform, a web-based platform, MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the ability to place trades directly from charts. The key difference is that HYCM also provides a proprietary, in-house platform, while VT Markets does not.

Another notable distinction is copy trading: VT Markets supports it, while HYCM does not. For Trading Platforms and Tools, both brokers earn 4 stars. In ForexBrokers.com’s category rankings out of 63 brokers, HYCM is placed at #41 and VT Markets at #48. If you want access to a broker’s own platform, HYCM stands out; if copy trading is a must, VT Markets is the better fit.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
VT Markets logoVT Markets
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info No Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
Charting - Indicators / Studies (Total) info 30 15
Charting - Trade From Chart info Yes Yes

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

Forex trading apps

HYCM (Henyep Capital Markets) and VT Markets both offer iPhone and Android trading apps with stock and forex price alerts. Each mobile app includes 30 technical studies for charting and supports drawing trendlines, and both earn a 4-star rating for mobile trading apps.

There are a few differences to note. HYCM’s app auto-saves your chart drawings, while VT Markets does not. Neither app syncs watchlists between mobile and your online account. According to ForexBrokers.com’s Mobile Trading Apps rankings out of 63 brokers, HYCM is #38 and VT Markets is #45, giving HYCM a slight edge for mobile.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
VT Markets logoVT Markets
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info No No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes No

Dive deeper: Best Forex Trading Apps.

Market research

HYCM (Henyep Capital Markets) and VT Markets both deliver daily market commentary, real-time forex news from well-known sources like Bloomberg and Reuters, and access to Trading Central tools. Each broker also includes an economic calendar to track key events. Neither broker includes Autochartist. A key difference: VT Markets offers a sentiment tool that shows the ratio of long vs. short positions, while HYCM does not.

For third‑party research providers, HYCM does not offer TipRanks or Acuity Trading tools. VT Markets does not clearly advertise access to TipRanks or Acuity Trading. Both earn a 3.5 out of 5 for Research. In ForexBrokers.com’s rankings, HYCM holds a slight edge at #36 compared with VT Markets at #37.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
VT Markets logoVT Markets
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central info Yes Yes
Client sentiment data info No Yes
TipRanks info No
Acuity Trading info No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

For beginners comparing HYCM (Henyep Capital Markets) and VT Markets, both brokers offer sizable video libraries with at least 10 beginner-focused trading videos, making it easier to learn the basics of forex and CFDs through short, structured lessons. Neither broker runs monthly educational webinars, so if you prefer live instruction or Q&A sessions, you may need to look elsewhere.

Advanced learners may find limits at both brands, as neither offers 10 or more advanced trading videos. Education quality is rated the same at 3.5 out of 5 stars; however, HYCM ranks higher (#32 of 63) than VT Markets (#56 of 63) in the Education category according to ForexBrokers.com. In short, both are beginner-friendly for video-based learning, with HYCM holding a slight edge in the overall education rankings.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
VT Markets logoVT Markets
Webinars info No No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info No No

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 VT Markets. HYCM (Henyep Capital Markets) finished with an overall rank of #29, while VT Markets finished with an overall rank of #44.

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)
VT Markets logoVT Markets
Overall Rating info 4/5 Stars 4/5 Stars
Trust Score info 86 70
Range of Investments 4/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 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 VT Markets?

HYCM (Henyep Capital Markets) vs VT Markets: neither broker lets you buy actual (delivered) cryptocurrencies, but both offer cryptocurrency CFD trading.

What funding options does each broker offer?

Comparing deposit and withdrawal options, HYCM (Henyep Capital Markets) and VT Markets both do not support ACH or SEPA transfers; HYCM also does not support PayPal but does support Skrill and bank wire transfers, while VT Markets’ support for PayPal, Skrill, Visa/Mastercard, and bank wires—as well as HYCM’s Visa/Mastercard status—is not specified.

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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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Overall Rating HYCM (Henyep Capital Markets) VT Markets
Overall Rating info 4/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 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 70
Winner check_circle
Review HYCM (Henyep Capital Markets) Review VT Markets Review
Broker Screenshots HYCM (Henyep Capital Markets) VT Markets
Broker Gallery (click to expand) info
HYCM MT5 desktop trading platform HYCM client portal Analyst Views market analysis HYCM YouTube channel videos.
VT Markets MT5 desktop trading platform VT Markets MT5 desktop trading platform charts VT Markets MT5 desktop trading platform trade ticket VT Markets MT5 desktop trading platform news headlines VT Markets MT5 desktop trading platform signals market VT Markets client portal web
Regulation HYCM (Henyep Capital Markets) VT Markets
Trust Score info 86 70
Year Founded info 1977 2016
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 1
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0
Tier-1 Licenses (Highly Trusted) HYCM (Henyep Capital Markets) VT Markets
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 No
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) VT Markets
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 Yes info
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments HYCM (Henyep Capital Markets) VT Markets
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1199 1000
Forex Pairs (Total) info 70 39
U.S. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes Yes
Copy Trading info No Yes
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) 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) VT Markets
Average spread (EUR/USD) - Standard account info 1.2 info 1.2 info
All-in Cost EUR/USD - Active info 0.6 info 0.8 info
Inactivity Fee info No No
Order execution: Agency info Yes No
Order execution: Market Maker info Yes Yes
Funding HYCM (Henyep Capital Markets) VT Markets
Minimum Deposit info $20 $100
PayPal (Deposit/Withdraw) info No
Skrill (Deposit/Withdraw) info Yes
Bank Wire (Deposit/Withdraw) info Yes
Non-wire bank transfer info No No
Trading Platforms HYCM (Henyep Capital Markets) VT Markets
Proprietary Desktop Trading Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info No Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
cTrader info No No
Trading Tools HYCM (Henyep Capital Markets) VT Markets
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 30 15
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading HYCM (Henyep Capital Markets) VT Markets
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info No No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes No
Mobile Research - Economic Calendar info Yes Yes
Research HYCM (Henyep Capital Markets) VT Markets
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central info Yes Yes
TipRanks info No
Client sentiment data info No Yes
Economic Calendar info Yes Yes
Education HYCM (Henyep Capital Markets) VT Markets
Webinars info No No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info No No
Major Forex Pairs HYCM (Henyep Capital Markets) VT Markets
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review HYCM (Henyep Capital Markets) Review VT Markets Review
Overall HYCM (Henyep Capital Markets) VT Markets
Overall Rating info 4/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 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 70
Winner check_circle
Review HYCM (Henyep Capital Markets) Review VT Markets Review
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