Written by ForexBrokers.com
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.
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.
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
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 2009 | 1977 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 3 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing commissions and fees, HYCM (Henyep Capital Markets) comes out ahead of XM Group for cost-conscious traders. XM Group earns 3.5 out of 5 stars and ranks #35 out of 36 brokers in this category, with standard account spreads described as expensive and no published average spreads for its commission-based XM Zero account. That makes it harder for traders to clearly judge its true all-in cost.
HYCM, by contrast, is rated 4.5 out of 5 stars and ranks #18 out of 36 brokers for commissions and fees. Its Raw account is the most competitive option, with an all-in EUR/USD cost of about 0.6 pips after commission. HYCM’s Classic account is pricier, starting from a variable spread of 1.2 pips, while its fixed-spread account is listed at 1.5 pips.
Overall, HYCM offers clearer and more competitive pricing, especially on its Raw account, while XM Group’s fee structure appears less attractive on the standard account and less transparent on the XM Zero account. For traders focused on lower trading costs, HYCM is the stronger choice in this comparison.
| Feature |
XM Group
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $5 | $20 |
| Average spread (EUR/USD) - Standard account | 2 | 1.3 |
| All-in Cost EUR/USD - Active | N/A | 0.6 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
XM Group and HYCM (Henyep Capital Markets) both give traders access to forex as a CFD or spot contract, plus exchange traded shares on U.S. and international markets. They also both offer cryptocurrency CFDs, but neither broker lets you buy actual, delivered crypto. In plain terms, both platforms cover the basics well for traders who want to move between forex, shares, and crypto CFDs.
XM Group edges ahead overall for range of investments, with 1,429 tradeable symbols compared with HYCM’s 1,199, and a stronger ForexBrokers.com score of 4.5 out of 5 versus HYCM’s 4 stars. HYCM does offer more forex pairs, with 70 compared with XM Group’s 55, while XM Group stands out for copy trading, which HYCM does not provide. In the ForexBrokers.com ranking for this category, XM Group places #19 out of 36 brokers, ahead of HYCM at #28.
| Feature |
XM Group
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1429 | 1199 |
| Forex Pairs (Total) | 55 | 70 |
| U.S. Stocks (Shares) | Yes | Yes |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
XM Group and HYCM both give traders a solid mix of platform choices, including free demo accounts, Windows desktop downloads, web-based trading, MetaTrader 4, MetaTrader 5, and the ability to place trades straight from charts. Both brokers are also rated 4 out of 5 stars for Trading Platforms and Tools, so in terms of everyday access and basic platform functions, they are closely matched. Where XM Group stands out is copy trading, which HYCM does not offer, making XM a better fit for traders who want to follow other investors.
HYCM has one key edge: it offers its own proprietary trading platform, while XM Group does not. That can matter for traders who want a broker-built experience beyond MetaTrader. In ForexBrokers.com’s rankings for Trading Platforms and Tools, XM Group places higher at #28 out of 36 brokers, compared with HYCM at #33. Overall, XM Group is stronger for copy trading and a slightly better category ranking, while HYCM appeals more to traders looking for a proprietary platform alongside the standard trading tools.
| Feature |
XM Group
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
XM Group and HYCM both give traders mobile apps for iPhone and Android, along with stock or forex price alerts and the ability to draw trendlines on charts. Each app also includes 30 technical studies for chart analysis, and both brokers earn the same 4-star rating for Mobile Trading Apps. In this area, the two are closely matched for everyday trading on the go.
The main difference is that XM Group offers watchlist symbol syncing, so changes made in the mobile app and online account stay aligned, while HYCM does not. On the other hand, HYCM auto-saves chart drawings in its mobile app, which XM Group does not. ForexBrokers.com ranks XM Group higher overall in the mobile apps category at #26 out of 36 brokers, compared with HYCM at #31 out of 36.
| Feature |
XM Group
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | Yes |
Dive deeper: Best Forex Trading Apps.
XM Group and HYCM (Henyep Capital Markets) both give traders useful market research features, including daily market commentary, forex news from major sources like Bloomberg and Reuters, Trading Central tools, and an economic calendar with upcoming global events. Neither broker offers Autochartist, TipRanks, or Acuity Trading tools. One key difference is that XM Group also includes a sentiment tool that shows long and short positioning across currency pairs and other instruments, while HYCM does not.
Overall, XM Group comes out ahead for research quality, earning a 5-star rating and ranking #8 out of 36 brokers at ForexBrokers.com. HYCM still covers the basics well, but its research lineup is less complete, with a 3.5-star rating and a #30 ranking. For traders who want more market insight and extra sentiment data, XM Group has the stronger research offering.
| Feature |
XM Group
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central | Yes | Yes |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
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
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
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
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HYCM (Henyep Capital Markets)
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|---|---|---|
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| Trust Score | 93 | 85 |
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XM Group vs HYCM (Henyep Capital Markets): neither broker offers buying or delivery of actual cryptocurrencies, but both support trading cryptocurrency CFDs.
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.
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 | XM Group | HYCM (Henyep Capital Markets) | |
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| Trust Score | 93 | 85 | |
| Winner | check_circle | ||
| Review | XM Group Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | XM Group | HYCM (Henyep Capital Markets) | |
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| Regulation | XM Group | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trust Score | 93 | 85 | |
| Year Founded | 2009 | 1977 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 4 | 2 | |
| Tier-2 Licenses | 3 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | XM Group | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | XM Group | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | XM Group | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1429 | 1199 | |
| Forex Pairs (Total) | 55 | 70 | |
| U.S. Stocks (Shares) | Yes | Yes | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 | 2 | 1.3 | |
| All-in Cost EUR/USD - Active | N/A | 0.6 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | XM Group | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | $5 | $20 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | XM Group | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | XM Group | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | XM Group | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | XM Group | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central | Yes | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | XM Group | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | XM Group | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | XM Group Review | HYCM (Henyep Capital Markets) Review |
| Overall | XM Group | HYCM (Henyep Capital Markets) | |
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| Trust Score | 93 | 85 | |
| Winner | check_circle | ||
| Review | XM Group Review | HYCM (Henyep Capital Markets) Review |
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