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Home ‣ Compare ‣ HYCM (Henyep Capital Markets) vs VT Markets 2025

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 info 1.2 info 1.2 info
All-in Cost EUR/USD - Active info 0.6 info 0.8 info
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

HYCM (Henyep Capital Markets) offers a broader range of investments than VT Markets, with 1,199 tradeable symbols versus VT Markets’ 1,000. HYCM also lists 70 currency pairs compared with 39 at VT Markets, and both brokers let you trade forex as CFDs or spot. Reflecting this breadth, ForexBrokers.com rates HYCM 4 out of 5 stars for Range of Investments and ranks it 34th of 63 brokers; VT Markets earns 3.5 stars and ranks 40th.

Stock access also differs. HYCM lets clients buy exchange-traded shares on both U.S. and international markets, while VT Markets offers exchange-traded shares on international exchanges but not in the U.S. Neither broker sells actual cryptocurrency, though both provide crypto derivatives. If copy trading matters, VT Markets has it and HYCM does not. In short, pick HYCM if you want more forex pairs and U.S. share dealing; choose VT Markets if you value copy trading alongside a large, CFD-friendly lineup.

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. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes Yes
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 VT Markets both offer free demo accounts, web-based platforms, and Windows desktop platforms. Each supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), plus trading directly from charts and watch lists with seven fields. HYCM also provides a proprietary, in-house platform, while VT Markets does not. For social features, VT Markets offers copy trading, whereas HYCM does not. Neither broker lists DupliTrade or ZuluTrade.

For charting tools, HYCM includes 15 drawing tools while VT Markets offers 30; indicator counts aren’t specified for either. Both brokers earned 4 stars for Trading Platforms and Tools, with HYCM ranked #41 and VT Markets ranked #48 out of 63 brokers by ForexBrokers.com. In short: choose HYCM if you value an in-house platform option, or consider VT Markets if you prefer access to copy trading and more drawing tools.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
VT Markets logoVT Markets
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info Yes No
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 Yes
DupliTrade info No No
ZuluTrade info No No
Charting - Indicators / Studies (Total) info 30 15
Charting - Drawing Tools (Total) info 15 30
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 7 7

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

Forex trading apps

HYCM (Henyep Capital Markets) and VT Markets both offer well-equipped mobile trading apps for iPhone and Android. Each app supports price alerts, real-time watchlists, and flexible charting with 30 technical studies, trendline drawing, and multiple time frames (intraday to weekly). These features make it easy to track forex and CFDs and place trades from your phone while staying on top of market moves.

Differences are subtle but worth noting. HYCM’s app auto-saves chart drawings, while VT Markets does not—handy if you frequently annotate charts. Neither app syncs watchlist symbols with the web platform. Both earned 4 out of 5 stars for mobile trading apps, yet HYCM ranks higher (#38 of 63) than VT Markets (#45 of 63) on ForexBrokers.com. If autosaving drawings and a slightly stronger ranking matter to you, HYCM is a sensible pick; if you don’t need autosave, VT Markets offers a similar toolset.

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 Alerts - Basic Fields info Yes Yes
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Watchlist info Yes Yes

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 info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central (Recognia) info Yes Yes
Social Sentiment - Currency Pairs info No Yes
TipRanks info No
Signal Centre (Acuity Trading) info No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

Both HYCM (Henyep Capital Markets) and VT Markets provide beginner-friendly forex and CFD education with at least 10 pieces of content and 10+ beginner trading videos. Neither broker runs monthly live educational webinars, but HYCM stands out by offering a searchable archive of recorded webinars, while VT Markets does not. Each broker also includes an investor dictionary with 50+ terms, which can help new traders get up to speed with basic concepts. Neither offers 10 or more advanced video lessons for experienced traders.

For ratings, both HYCM and VT Markets score 3.5 out of 5 for Education. However, HYCM ranks higher overall for this category (#32 out of 63) compared with VT Markets (#56 out of 63). If you want to rewatch webinar-style lessons, HYCM may be the better fit thanks to its searchable recordings. VT Markets remains a solid option for self-paced learning through beginner videos and its glossary.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
VT Markets logoVT Markets
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 No
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 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?

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.

What funding options does each broker offer?

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.

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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/Central Bank Authorised) info Yes No
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. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes Yes
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) VT Markets
Average Spread EUR/USD - Standard info 1.2 info 1.2 info
All-in Cost EUR/USD - Active info 0.6 info 0.8 info
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) VT Markets
Minimum Deposit info $20 $100
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) VT Markets
Proprietary Platform info Yes No
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 Yes
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools HYCM (Henyep Capital Markets) VT Markets
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 7 7
Charting - Indicators / Studies (Total) info 30 15
Charting - Drawing Tools (Total) info 15 30
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 Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Economic Calendar info Yes Yes
Research HYCM (Henyep Capital Markets) VT Markets
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central (Recognia) info Yes Yes
TipRanks info No
Social Sentiment - Currency Pairs info No Yes
Economic Calendar info Yes Yes
Education HYCM (Henyep Capital Markets) VT Markets
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 No
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs HYCM (Henyep Capital Markets) VT Markets
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 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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