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XM Group vs HYCM (Henyep Capital Markets) 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

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): 1394
HYCM (Henyep Capital Markets)
4/5 Stars Overall
  • Minimum Deposit: $20
  • Trust Score: 86
  • 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

Founded in 2009, XM Group is a trusted online broker, boasting a high Trust Score of 93 out of 99 according to ForexBrokers.com. Though not listed on a stock exchange or operating as a bank, XM Group impresses with its regulatory credentials, holding 4 Tier-1 licenses, the highest classification of trust, along with 1 Tier-2 license. These factors collectively indicate its strong compliance and reliability in the industry.

On the other hand, HYCM (Henyep Capital Markets), established in 1977, carries a commendable Trust Score of 86, placing it in the trusted category. Similar to XM Group, HYCM is privately held and not a bank. With 2 Tier-1 and 1 Tier-2 licenses, HYCM also demonstrates a commitment to trustworthy operations, albeit with fewer top-tier regulatory endorsements than XM Group. Both brokers stand as solid choices, but XM Group edges ahead in regulatory strength and trustworthiness.

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 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1

Fees

Comparing commissions and fees, XM Group’s standard account spreads are on the expensive side, and it doesn’t publish average spreads for its commission-based XM Zero account—making it harder to gauge total costs. By contrast, HYCM (Henyep Capital Markets) offers competitive pricing on its Raw account, with an all-in cost around 0.6 pips on EUR/USD after commission. HYCM’s Classic account is pricier with variable spreads starting from 1.2 pips, and it also provides a fixed-spread option at 1.5 pips.

For traders focused on lower spreads and clearer pricing on EUR/USD, HYCM’s Raw account stands out. XM Group may appeal to those already familiar with its platform lineup, but its standard spreads are higher and the lack of published averages for XM Zero limits transparency. In ForexBrokers.com’s Commissions and Fees category, XM Group is rated 4 stars and ranked #34 out of 63 brokers, while HYCM earns 4.5 stars and ranks #18 out of 63.

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 let you trade forex via CFDs or spot contracts and offer exchange-traded stocks on U.S. and international markets (not CFDs), so you can buy shares like Apple or Vodafone directly. XM Group lists 1,394 tradeable symbols, while HYCM offers 1,199. For currency traders, HYCM provides more forex pairs (70 vs. XM’s 55). Neither broker supports buying actual crypto, but both offer cryptocurrency CFDs.

If you want copy trading, XM Group has it while HYCM does not. For range of investments, ForexBrokers.com rates XM Group 4.5 out of 5 stars (ranked 19th of 63) and HYCM 4 out of 5 stars (27th of 63). In short, XM Group stands out for its larger overall symbol list and copy trading, whereas HYCM appeals to those who want a wider selection of forex pairs.

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 1394 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 provide free demo (paper) trading and support MetaTrader 4 (MT4) and MetaTrader 5 (MT5) on web browsers and Windows desktop. Each broker lets you place orders directly from charts. Key differences: HYCM also offers its own proprietary platform for traders who want an in-house option, while XM Group sticks to third-party platforms but adds copy trading—something HYCM does not provide.

For trading platforms and tools, ForexBrokers.com rates both brokers 4 stars, with XM Group ranked #27 of 63 and HYCM ranked #32. If you want built-in copy trading, XM Group is the better fit; if you value access to an additional proprietary platform alongside MT4/MT5, HYCM stands out. Either way, both brokers make it easy to start with a risk-free demo account and trade on the web or a Windows desktop platform.

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

Both XM Group and HYCM offer mobile trading apps for iPhone and Android, so you can trade on the go with either broker. Each app supports price alerts, helping you stay on top of market moves. A key difference is watchlist syncing: XM Group syncs watchlists between the app and your online account, while HYCM does not, which may matter if you switch devices often.

When it comes to charting, both apps provide 30 technical studies and let you draw trendlines. HYCM’s app auto-saves your drawings, but XM Group’s does not. In user ratings, both brokers score 4 out of 5 stars for mobile trading apps. According to ForexBrokers.com, XM Group ranks #26 out of 63 brokers for mobile apps, while HYCM ranks #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) offer a similar set of market research features. Both publish daily market commentary, deliver forex news from top-tier sources such as Bloomberg, Reuters, or Dow Jones, include Trading Central tools for analysis, and provide an economic calendar to follow major global events. Neither broker offers research from Autochartist, TipRanks, or Acuity Trading (Signal Centre).

The key difference is sentiment: XM Group provides a tool that shows the ratio of long vs. short positions, while HYCM does not. That added insight lines up with XM Group’s higher Research score—rated 5 stars and ranked #8 out of 63 brokers by ForexBrokers.com—compared with HYCM’s 3.5-star rating and #29 ranking. If you value built-in sentiment data alongside daily commentary and premium news, XM Group is the stronger pick; if you only need the basics with Trading Central and an economic calendar, HYCM covers those needs.

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

XM Group and HYCM (Henyep Capital Markets) both provide forex and CFD education with at least ten learning pieces, and each offers a full set of beginner videos (10+). Where they differ is live learning: XM runs client webinars at least once a month, while HYCM does not. If you prefer live sessions to ask questions and stay engaged, XM has the edge. If you just want to watch beginner-friendly videos at your own pace, both brokers can get you started.

For traders who plan to grow beyond the basics, XM also offers 10+ advanced videos, whereas HYCM falls short on advanced video depth. That shows up in independent reviews: XM earns 5 stars for Education and ranks #5 out of 63 brokers at ForexBrokers.com, while HYCM earns 3.5 stars and ranks #27. In short, XM is the stronger choice for a complete learning path, while HYCM is serviceable for foundational lessons.

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 86
Range of Investments 4.5/5 Stars 4/5 Stars
Trading Fees 4/5 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 4.5/5 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 4/5 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 4.5/5 Stars 4/5 Stars
Trust Score info 93 86
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 86
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 1 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
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info Yes No
UAE (DFSA, FSRA, or SCA 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 1394 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 4/5 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 4.5/5 Stars 4/5 Stars
Trust Score info 93 86
Winner check_circle
Review XM Group Review HYCM (Henyep Capital Markets) Review
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