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) - Spread-only account | 1.1 | 1.3 |
| All-in Cost EUR/USD - Raw spread account | 0.7+ | 0.6 |
| Non-wire bank transfer (Deposit/Withdraw) | 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 trading, stock investing on U.S. and international exchanges, and cryptocurrency CFDs. XM Group offers a wider total selection, with 1,583 tradeable symbols compared with HYCM’s 1,199, which may appeal to investors looking for more market choice overall. XM also includes copy trading, while HYCM does not, giving XM a small edge for people who want to follow other traders.
HYCM, however, offers more forex pairs than XM Group, with 70 pairs versus 54, which may matter more to traders focused mainly on currency markets. Both brokers do not offer actual delivered cryptocurrency, only crypto CFDs. Based on Range of Investments ratings, XM Group scores 4.5 out of 5 and ranks #19 out of 36 brokers, while HYCM scores 4 out of 5 and ranks #28, making XM the stronger pick overall for investment variety.
| Feature |
XM Group
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1583 | 1199 |
| Forex Pairs (Total) | 54 | 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 range of platform choices, including free demo accounts, Windows desktop downloads, web-based trading, MetaTrader 4, and MetaTrader 5. Each broker also lets users trade directly from a chart, making it easier to place orders while watching price action. In ForexBrokers.com’s Trading Platforms and Tools review, both brokers earn 4 out of 5 stars, showing that each offers a well-rounded setup for everyday trading needs.
The main differences come down to extras and platform design. HYCM offers its own in-house trading platform, while XM Group does not. On the other hand, XM Group includes copy trading, which HYCM does not provide. In the same ForexBrokers.com category, XM Group ranks higher at #28 out of 36 brokers, compared with HYCM at #34, which may matter for traders comparing overall platform and tool quality.
| 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) | 100 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
XM Group and HYCM (Henyep Capital Markets) both give mobile traders the basics they need, with iPhone and Android apps available on each platform, plus price alerts and the ability to draw trendlines on charts. Both brokers are also rated 4 out of 5 stars for Mobile Trading Apps. In ForexBrokers.com’s ranking of 36 brokers, XM Group places higher at #26, while HYCM comes in at #32.
Where XM Group stands out is in charting and account syncing. Its mobile app offers 100 technical studies, compared with 30 at HYCM, and it also syncs watchlists between the app and the online account, so changes carry over both ways. HYCM does have one handy edge: its mobile app automatically saves chart drawings, while XM Group does not.
| 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 | 100 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | Yes |
Dive deeper: Best Forex Trading Apps.
XM Group and HYCM both give traders useful market research tools, including daily market commentary, forex news from major sources like Bloomberg, Reuters, and Dow Jones, plus an economic calendar for tracking key global events. Both brokers also offer Trading Central tools, which can help with technical analysis and trade ideas. Neither broker includes Autochartist, TipRanks, or Acuity Trading research tools. For traders who want a straightforward research setup, the two brokers cover many of the same basics.
The main difference is that XM Group adds a sentiment tool that shows whether traders are mostly buying or selling certain currency pairs or other instruments, while HYCM does not. This extra feature helps XM Group stand out in market research. That edge is reflected in the ratings too: XM Group earns 5 stars for Research and ranks #8 out of 36 brokers, while HYCM scores 3.5 stars and ranks #32, making XM Group the stronger choice overall for market research.
| 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.
When it comes to education for beginners, XM Group comes out ahead of HYCM (Henyep Capital Markets). XM Group offers forex and CFD learning materials, holds online client webinars at least once a month, and provides more than 10 beginner videos plus more than 10 advanced videos. That mix gives new traders and more experienced users plenty of ways to learn at their own pace. It also helps explain why XM Group is rated 5 out of 5 stars for Education and ranked #5 out of 36 brokers by ForexBrokers.com.
HYCM also offers at least 10 beginner trading videos, so newcomers still have some useful starting points. However, it does not offer monthly educational webinars, and it falls short on advanced video content compared with XM Group. HYCM is rated 3.5 out of 5 stars for Education and is ranked #28 out of 36 brokers by ForexBrokers.com, making XM Group the stronger choice overall for traders looking for more beginner-friendly learning support.
| 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 multi-regulated forex and CFD broker offering 1,583 tradeable symbols across MetaTrader 4 and 5 and a new proprietary web and mobile platform. Its live trading rooms and integrated Trading Central research are among the best in the industry. Standard account spreads are expensive, though the Ultra Low and Zero accounts are competitive.
| Feature |
XM Group
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HYCM (Henyep Capital Markets)
|
|---|---|---|
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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) | 1583 | 1199 | |
| Forex Pairs (Total) | 54 | 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) - Spread-only account | 1.1 | 1.3 | |
| All-in Cost EUR/USD - Raw spread account | 0.7+ | 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 (Deposit/Withdraw) | 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) | 100 | 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 | 100 | 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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