Written by ForexBrokers.com
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.
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, 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)
|
VT Markets
|
|---|---|---|
| Year Founded | 1977 | 2016 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing the costs associated with HYCM (Henyep Capital Markets) and VT Markets, both brokers present attractive options but vary in their pricing structures. HYCM offers a Raw account that provides competitive pricing with an all-in cost of about 0.6 pips for the EUR/USD pair, making it the more cost-effective choice for users who prioritize lower spreads. However, its Classic account comes with a higher variable spread starting from 1.2 pips, and there is also a fixed-spread account with a rate of 1.5 pips. HYCM has received a rating of 4.5 stars for its commissions and fees and ranks #15 out of 63 brokers in this category according to ForexBrokers.com.
VT Markets, on the other hand, offers two account types with different fee structures. The Standard STP account is commission-free but includes higher typical spreads of 1.2 pips for EUR/USD, while the Raw ECN account offers a more competitive effective spread of 0.83 pips that combines a 0.6 round turn commission with an average spread. Both accounts require a minimum deposit of just $100, making them accessible for traders on a budget. VT Markets also holds a 4.5-star rating for commissions and fees and is ranked #20 out of 63 brokers by ForexBrokers.com.
In summary, both HYCM and VT Markets offer competitive pricing for various trading strategies, with HYCM standing out for its lower-cost Raw account and VT Markets providing flexibility with its two different account types. Each broker holds a commendable 4.5-star rating, which reflects their competitive offerings in commissions and fees within the industry.
| Feature |
HYCM (Henyep Capital Markets)
|
VT Markets
|
|---|---|---|
| Minimum Deposit | $20 | $100 |
| Average Spread EUR/USD - Standard | 1.2 | 1.2 |
| All-in Cost EUR/USD - Active | 0.6 | 0.8 |
| 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 comparing the range of investments offered by HYCM (Henyep Capital Markets) and VT Markets, a few key differences stand out. HYCM provides clients with access to a wider selection, including 1,199 tradable symbols and 70 forex pairs, while VT Markets offers 1,000 symbols and 39 forex pairs. Both brokers offer forex trading as CFDs, though only HYCM allows clients to trade U.S. exchange-traded securities. Internationally, both platforms enable users to trade exchange-traded securities, broadening their global investment opportunities. Moreover, both HYCM and VT Markets offer cryptocurrency derivatives, giving traders more flexibility in their investment choices.
While both brokers provide a solid platform for diverse trading strategies, there are some notable distinctions. VT Markets supports copy trading, which can be beneficial for beginners looking to follow more experienced traders, whereas HYCM does not offer this feature. According to ForexBrokers.com, HYCM earns a 4-star rating for its range of investments and ranks 33rd out of 63 brokers, reflecting its extensive offerings. In contrast, VT Markets is slightly behind with a 3.5-star rating, ranking 39th, indicating a somewhat narrower scope of investment options.
| Feature |
HYCM (Henyep Capital Markets)
|
VT Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 1000 |
| Forex Pairs (Total) | 70 | 39 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| 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.
When comparing the trading platforms and tools of HYCM (Henyep Capital Markets) and VT Markets, both brokers shine in key areas while presenting distinct features. HYCM offers a proprietary trading platform alongside a Windows download and web-based option, providing traders with a flexible trading environment. VT Markets, though lacking a proprietary platform, supports the popular MetaTrader 4 and MetaTrader 5, similar to HYCM. While both brokers provide free demo accounts for practice trading, VT Markets distinguishes itself through the inclusion of copy trading, a feature not available with HYCM. Both brokers facilitate trading directly from stock charts, but VT Markets offers more drawing tools for charting, which could be beneficial for traders looking for more detailed technical analysis capabilities.
In terms of usability and convenience, both HYCM and VT Markets maintain identical watchlist customization with seven columns each, making it easy for traders to organize and monitor their investments. Despite their unique offerings, both brokers have received a satisfactory rating of four out of five stars for their trading platforms and tools from ForexBrokers.com. However, HYCM slightly leads in ranking, positioned at 40th out of 63 brokers, whereas VT Markets stands at 47th. This subtle difference might influence traders who prioritize platform ranking in their decision-making process.
| Feature |
HYCM (Henyep Capital Markets)
|
VT Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 15 |
| Charting - Drawing Tools (Total) | 15 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both HYCM (Henyep Capital Markets) and VT Markets offer convenient mobile trading apps available for both iPhone and Android users. These apps support stock and forex trading with features like price alerts and the ability to draw trendlines on charts. Each platform provides 30 technical studies for chart analysis and allows viewing multiple time frames such as daily, weekly, or intraday. Both apps also facilitate creating watchlists with real-time quotes, enhancing the overall trading experience.
However, there are some differences between the two. HYCM stands out by auto-saving chart drawings, a feature not present in the VT Markets app. Yet, neither platform offers watchlist symbol syncing between mobile and online accounts. While both trading apps boast a 4-star rating, HYCM is ranked slightly higher at #37, compared to VT Markets at #44 out of 63 brokers, according to ForexBrokers.com. This detailed comparison helps traders decide which app better suits their trading needs.
| Feature |
HYCM (Henyep Capital Markets)
|
VT Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Both HYCM and VT Markets excel in delivering daily market commentary and providing forex news from reputable sources such as Bloomberg and Reuters. Each broker equips traders with valuable insights through Trading Central, offering technical analysis tools essential for market research. However, VT Markets edges ahead by offering a sentiment-based trading tool that displays the ratio of long and short positions, which HYCM lacks, thus providing an additional layer of market sentiment analysis for its users.
On the research front, neither broker utilizes tools from Autochartist or Acuity Trading, nor do they offer market research from TipRanks. Both brokers, however, offer comprehensive economic calendars to keep traders informed about worldwide economic events. In terms of research ratings, both HYCM and VT Markets score 3.5 stars out of 5, holding similar positions at #35 and #36 respectively in ForexBrokers.com rankings, making them competitive choices for traders focused on research resources.
| Feature |
HYCM (Henyep Capital Markets)
|
VT Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to assisting beginners with educational resources, both HYCM and VT Markets have invested in offering comprehensive learning materials on forex and CFD trading. Both brokers provide over ten educational pieces, which include articles, videos, and archived webinars, designed to help new traders understand the basics. Additionally, each offers a series of beginner-focused videos, ensuring there are ample opportunities to grasp fundamental trading concepts. However, neither broker hosts monthly webinars, which can be crucial for real-time learning and expert interaction.
While both brokers provide an investor dictionary that explains at least 50 investing terms, HYCM has an edge with its searchable archive of recorded webinars, offering a valuable resource for learners who prefer detailed tutorials. Even though neither broker provides a series of advanced trading videos for experienced traders, both have been rated 3.5 stars for education by ForexBrokers.com. Moreover, HYCM is ranked higher in the education category, positioned at #32 compared to VT Markets' #55 out of 63 evaluated brokers. This suggests a slightly stronger overall offering in educational resources from HYCM.
| Feature |
HYCM (Henyep Capital Markets)
|
VT Markets
|
|---|---|---|
| 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 | No |
| 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 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)
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VT Markets
|
|---|---|---|
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| Trust Score | 86 | 70 |
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Both HYCM (Henyep Capital Markets) and VT Markets do not provide options to purchase actual (delivered) cryptocurrency, but they both offer the ability to trade in cryptocurrency derivatives.
Both HYCM (Henyep Capital Markets) and VT Markets support fund deposits and withdrawals via Skrill, Visa or Mastercard, and bank wires, but neither offers ACH, SEPA transfers, or PayPal as options for account transactions.
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) | VT Markets | |
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| Trust Score | 86 | 70 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | VT Markets Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | VT Markets | |
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| Regulation | HYCM (Henyep Capital Markets) | VT Markets | |
|---|---|---|---|
| Trust Score | 86 | 70 | |
| Year Founded | 1977 | 2016 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | HYCM (Henyep Capital Markets) | VT Markets | |
|---|---|---|---|
| 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 | No | |
| 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) | VT Markets | |
|---|---|---|---|
| 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) | VT Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1199 | 1000 | |
| Forex Pairs (Total) | 70 | 39 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| 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) | VT Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | 1.2 | |
| All-in Cost EUR/USD - Active | 0.6 | 0.8 | |
| 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) | VT Markets | |
|---|---|---|---|
| Minimum Deposit | $20 | $100 | |
| 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) | VT Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | HYCM (Henyep Capital Markets) | VT Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 15 | |
| Charting - Drawing Tools (Total) | 15 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | HYCM (Henyep Capital Markets) | VT Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | HYCM (Henyep Capital Markets) | VT Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | VT Markets | |
|---|---|---|---|
| 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 | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | VT Markets | |
|---|---|---|---|
| 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 | VT Markets Review |
| Overall | HYCM (Henyep Capital Markets) | VT Markets | |
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| Trust Score | 86 | 70 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | VT Markets Review |
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