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XM Group vs HYCM (Henyep Capital Markets) 2026

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025
  Fact Checked

In this head to head comparison of XM Group vs HYCM (Henyep Capital Markets), we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

XM Group
4.5/5 Stars Overall
  • Minimum Deposit: $5
  • Trust Score: 93
  • Tradeable Symbols (Total): 1429
HYCM (Henyep Capital Markets)
4/5 Stars Overall
  • Minimum Deposit: $20
  • Trust Score: 85
  • Tradeable Symbols (Total): 1199

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

Comparing online brokers XM Group and HYCM (Henyep Capital Markets) for safety and regulation: ForexBrokers.com uses a 99-point Trust Score where 90–99 = highly trusted, 80–89 = trusted, 70–79 = average risk, 60–69 = high risk, and below 59 = not trusted. XM Group scores 93 (highly trusted), while HYCM scores 85 (trusted).

XM Group was founded in 2009; HYCM in 1977. Neither broker is publicly traded or a bank. In terms of regulatory licenses, XM Group holds 4 Tier-1 (highly trusted) and 3 Tier-2 (trusted) licenses, compared with HYCM’s 2 Tier-1 and 1 Tier-2 licenses. Both are regulated and considered safe by these measures, with XM Group carrying more top-tier oversight and HYCM maintaining a trusted standing.

Feature XM Group logoXM Group
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Year Founded info 2009 1977
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 4 2
Tier-2 Licenses info 3 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1

Fees

When comparing commissions and fees, HYCM (Henyep Capital Markets) comes out ahead of XM Group. HYCM’s Raw account offers competitive pricing, with an all-in cost of about 0.6 pips on EUR/USD after commission. It also has a Classic account with variable spreads starting from 1.2 pips, plus a fixed-spread account at 1.5 pips. In contrast, XM Group’s standard account spreads are described as expensive, and it does not publish average spread data for its commission-based XM Zero account.

That difference is reflected in their ratings and rankings. XM Group earns 3.5 out of 5 stars for commissions and fees and ranks #34 out of 36 brokers in this category. HYCM scores higher with 4.5 out of 5 stars and ranks #18 out of 36.

For traders focused on keeping costs low, HYCM is the more attractive choice overall. XM Group may still appeal to some traders for other reasons, but on commissions and fees alone, HYCM offers clearer pricing and better value.

Feature XM Group logoXM Group
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Minimum Deposit info $5 $20
Average spread (EUR/USD) - Standard account info 2 info 1.3 info
All-in Cost EUR/USD - Active info N/A info 0.6 info
Non-wire bank transfer info No No
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

XM Group and HYCM (Henyep Capital Markets) both give traders access to forex as CFDs or spot contracts, plus exchange-traded shares on U.S. and international markets. They also both offer cryptocurrency CFDs, but neither lets clients buy actual, delivered crypto. For investors who want more than just currency pairs, each broker covers a wide mix of markets, including stock investing outside of CFDs.

XM Group edges ahead on overall range of investments, with 1,429 tradeable symbols compared with HYCM’s 1,199, and XM also offers copy trading, which HYCM does not. HYCM, however, lists more tradeable forex pairs at 70 versus XM’s 55. Based on ForexBrokers.com, XM Group is rated 4.5 out of 5 stars and ranked #19 out of 36 brokers for range of investments, while HYCM is rated 4 out of 5 stars and ranked #27.

Feature XM Group logoXM Group
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1429 1199
Forex Pairs (Total) info 55 70
U.S. Stocks (Shares) info Yes Yes
Global Stocks (Non-U.S. Shares) info Yes Yes
Copy Trading info Yes No
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

XM Group and HYCM (Henyep Capital Markets) both give traders a strong choice of platforms and tools, including free demo accounts, Windows desktop downloads, web-based trading, MetaTrader 4, and MetaTrader 5. Each broker also lets users place trades directly from charts, which can be helpful for active traders who want a faster way to manage positions. Neither broker lists a proprietary platform for XM Group, while HYCM does offer its own in-house platform, which may appeal to traders looking for a broker-built option.

When it comes to extra features, XM Group has the edge with copy trading, while HYCM does not offer this service. In ForexBrokers.com’s Trading Platforms and Tools category, both brokers are rated 4 out of 5 stars, but XM Group ranks higher overall at #27 out of 36 brokers compared with HYCM at #32. For traders comparing platform choice and practical tools, both are well equipped, though XM Group stands out slightly for copy trading and its stronger category ranking.

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

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

Forex trading apps

XM Group and HYCM (Henyep Capital Markets) both make it easy to trade on the go, with iPhone and Android apps, price alerts, 30 technical studies for charting, and the ability to draw trendlines on mobile charts. Each broker also earns a 4-star rating for mobile trading apps, so both offer a solid app experience for everyday traders.

The main difference is in watchlist syncing and chart saving. XM Group lets watchlists sync between the mobile app and the online account, while HYCM does not. On the other hand, HYCM automatically saves chart drawings in the app, which XM Group does not. In ForexBrokers.com’s mobile trading apps ranking, XM Group places higher at #26 out of 36 brokers, compared with HYCM at #30.

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

Dive deeper: Best Forex Trading Apps.

Market research

XM Group and HYCM (Henyep Capital Markets) both give traders useful market research tools, including daily market commentary, forex news from top sources such as Bloomberg and Reuters, Trading Central analysis, and an economic calendar for tracking key global events. Neither broker offers Autochartist, TipRanks, or Acuity Trading tools, so their research lineups are similar in several areas.

The biggest difference is that XM Group also includes a sentiment tool that shows the balance of long and short positions, which HYCM does not provide. That extra feature may help traders get a quicker sense of market mood. As a result, XM Group earns a 5-star Research rating and ranks #8 out of 36 brokers, while HYCM is rated 3.5 stars and ranks #29.

Feature XM Group logoXM Group
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital 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 Yes No
TipRanks info No No
Acuity Trading info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

For beginners comparing XM Group and HYCM (Henyep Capital Markets), XM Group comes out ahead for education. XM Group offers forex and CFD learning material, monthly online client webinars, and at least 10 beginner videos plus 10 advanced videos, giving new traders and more experienced users plenty to work through. That stronger mix of lessons and live learning helps explain why XM Group is rated 5 stars for Education and ranks #5 out of 36 brokers on ForexBrokers.com.

HYCM also provides forex and CFD education, and it has at least 10 beginner videos, but it falls short in a few key areas that matter to new traders. It does not offer monthly educational webinars, and it does not appear to have at least 10 advanced videos for more experienced learners. As a result, HYCM is rated 3.5 stars for Education and ranks #27 out of 36 brokers, making XM Group the better choice for beginners who want more guidance and a wider range of learning tools.

Feature XM Group logoXM Group
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Webinars info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that XM Group is better than HYCM (Henyep Capital Markets). XM Group finished with an overall rank of #16, while HYCM (Henyep Capital Markets) finished with an overall rank of #26.

XM Group is a MetaTrader-only broker that offers a strong selection of high-quality educational content and market research.

Feature XM Group logoXM Group
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Overall Rating info 4.5/5 Stars 4/5 Stars
Trust Score info 93 85
Range of Investments 4.5/5 Stars 4/5 Stars
Trading Fees 3.5/5 Stars 4.5/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 5/5 Stars 4/5 Stars

FAQs

Can you trade cryptocurrency with XM Group or HYCM (Henyep Capital Markets)?

XM Group vs HYCM (Henyep Capital Markets): neither broker offers buying or delivery of actual cryptocurrencies, but both support trading cryptocurrency CFDs.

What funding options does each broker offer?

Comparing online brokers XM Group and HYCM (Henyep Capital Markets), both allow funding and withdrawals via Skrill and bank wire, do not support ACH, SEPA, or PayPal, and have unspecified availability for Visa or Mastercard.

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Overall Rating XM Group HYCM (Henyep Capital Markets)
Overall Rating info 4.5/5 Stars 4/5 Stars
Trading Fees 3.5/5 Stars 4.5/5 Stars
Range of Investments 4.5/5 Stars 4/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Education 5/5 Stars 4/5 Stars
Trust Score info 93 85
Winner check_circle
Review XM Group Review HYCM (Henyep Capital Markets) Review
Broker Screenshots XM Group HYCM (Henyep Capital Markets)
Broker Gallery (click to expand) info
XM MetaTrader 5 mobile trading app XM MetaTrader 5 desktop trading platform. XM research articles market news and analysis XM educational content forex course chapters.
HYCM MT5 desktop trading platform HYCM client portal Analyst Views market analysis HYCM YouTube channel videos.
Regulation XM Group HYCM (Henyep Capital Markets)
Trust Score info 93 85
Year Founded info 2009 1977
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes No info
Tier-1 Licenses info 4 2
Tier-2 Licenses info 3 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1
Tier-1 Licenses (Highly Trusted) XM Group HYCM (Henyep Capital Markets)
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No Yes
Japan (FSA Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info No 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 Yes No info
Tier-2 Licenses (Trusted) XM Group HYCM (Henyep Capital Markets)
Kenya (CMA Authorised) info Yes
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info Yes No
UAE (DFSA, FSRA, or CMA Authorised) info Yes Yes
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments XM Group HYCM (Henyep Capital Markets)
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1429 1199
Forex Pairs (Total) info 55 70
U.S. Stocks (Shares) info Yes Yes
Global Stocks (Non-U.S. Shares) info Yes Yes
Copy Trading info Yes No
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 XM Group HYCM (Henyep Capital Markets)
Average spread (EUR/USD) - Standard account info 2 info 1.3 info
All-in Cost EUR/USD - Active info N/A info 0.6 info
Inactivity Fee info Yes No
Order execution: Agency info No Yes
Order execution: Market Maker info Yes Yes
Funding XM Group HYCM (Henyep Capital Markets)
Minimum Deposit info $5 $20
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info No No
Trading Platforms XM Group HYCM (Henyep Capital Markets)
Proprietary Desktop Trading Platform info No Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
cTrader info No No
Trading Tools XM Group HYCM (Henyep Capital Markets)
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 30 30
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading XM Group HYCM (Henyep Capital 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 Yes No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info No Yes
Mobile Research - Economic Calendar info Yes Yes
Research XM Group HYCM (Henyep Capital 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 No
Client sentiment data info Yes No
Economic Calendar info Yes Yes
Education XM Group HYCM (Henyep Capital Markets)
Webinars info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Major Forex Pairs XM Group HYCM (Henyep Capital 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 XM Group Review HYCM (Henyep Capital Markets) Review
Overall XM Group HYCM (Henyep Capital Markets)
Overall Rating info 4.5/5 Stars 4/5 Stars
Trading Fees 3.5/5 Stars 4.5/5 Stars
Range of Investments 4.5/5 Stars 4/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Education 5/5 Stars 4/5 Stars
Trust Score info 93 85
Winner check_circle
Review XM Group Review HYCM (Henyep Capital Markets) Review
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