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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, HYCM (Henyep Capital Markets) tends to be the cheaper choice for many forex traders. HYCM’s Raw account delivers an all-in cost of about 0.6 pips on EUR/USD after commission, while its Classic account starts from 1.2 pips, and a fixed-spread option is available at 1.5 pips. XM Group’s Standard account spreads are on the expensive side, and average spreads for its commission-based XM Zero account are not published, making it harder to gauge total costs.

For ratings, HYCM earns 4.5 out of 5 stars and ranks #16 out of 63 brokers for Commissions and Fees at ForexBrokers.com. XM Group is rated 4 out of 5 stars and ranks #34 out of 63. If your priority is lower spreads—especially on majors like EUR/USD—HYCM’s Raw account is likely to offer better day-to-day pricing than XM’s current options.

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 1.6 info 1.2 info
All-in Cost EUR/USD - Active info 0.8 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 both let you trade forex as CFDs or spot and each covers a wide mix of markets. XM lists 1,394 tradeable symbols compared with HYCM’s 1,199, while HYCM counters with more currency choice at 70 forex pairs versus XM’s 55. Both brokers allow you to buy exchange-traded securities on U.S. and international exchanges (not CFDs), so you can own shares such as Apple and Vodafone. For digital assets, each supports cryptocurrency CFDs but does not offer delivered crypto.

Feature-wise, XM includes copy trading, whereas HYCM does not. According to ForexBrokers.com, XM earns 4.5 stars and ranks #25 out of 63 brokers for Range of Investments; HYCM earns 4 stars and ranks #34. In short, XM suits traders who want more total symbols and copy trading, while HYCM appeals to those who prioritize a larger 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 vs HYCM (Henyep Capital Markets): both brokers offer free demo (paper) accounts, web-based platforms, Windows desktop downloads, and the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5). You can trade directly from charts at either broker. The key differences are that XM does not have a proprietary platform while HYCM offers its own in-house platform alongside MetaTrader, and XM supports copy trading whereas HYCM does not.

For Trading Platforms and Tools, ForexBrokers.com rates both XM and HYCM at 4 out of 5 stars. In the same 63-broker review, XM ranks #33 and HYCM ranks #41. If you want copy trading with the MetaTrader suite, XM is a simple choice; if you prefer a broker’s own platform in addition to MT4/MT5, HYCM may fit better.

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 both offer mobile trading apps for iPhone and Android, along with price alerts, trendline drawing, and 30 built-in technical studies for charting. Each earns a 4-star rating for mobile trading.

The key differences are in convenience features. XM Group syncs your watchlists between the mobile app and your online account, while HYCM does not. On the flip side, HYCM automatically saves your chart drawings; XM Group does not. According to ForexBrokers.com, XM Group ranks #31 out of 63 brokers for Mobile Trading Apps, compared with HYCM at #38. Choose XM Group if synced watchlists matter most, or HYCM if you want your chart annotations to auto-save.

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 deliver solid market research basics: daily market commentary, forex news from leading sources like Bloomberg, Reuters, or Dow Jones, Trading Central tools, and an economic calendar. Neither broker includes Autochartist, TipRanks, or Acuity Trading tools. That said, their overall research grades differ: XM Group earns 5 stars and ranks #8 out of 63 brokers on ForexBrokers.com, while HYCM scores 3.5 stars and ranks #36.

For traders who value extra insight, XM Group has an edge thanks to its sentiment-based tool that shows the ratio of long and short positions across instruments—something HYCM does not offer. If you want a straightforward research lineup, both brokers will cover your daily needs; if you’re after more market sentiment data to guide entries and exits, XM Group stands out.

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

Comparing education for beginners, XM Group makes it easy to get started and keep progressing. It hosts client webinars at least once a month, offers at least 10 beginner-friendly video lessons, and adds depth with at least 10 advanced videos for when you’re ready to level up. HYCM also provides at least 10 beginner videos, but it does not run monthly educational webinars and doesn’t meet the same advanced video threshold, which can limit your learning path over time.

These differences show up in third-party ratings: XM Group earns 5 stars for Education and ranks #7 out of 63 brokers at ForexBrokers.com, while HYCM is rated 3.5 stars and ranks #32. If you want live sessions plus a fuller video library that supports growth from beginner to advanced topics, XM Group has the edge. If you mainly want beginner video lessons without webinars, HYCM can still fit the bill.

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 #17, while HYCM (Henyep Capital Markets) finished with an overall rank of #29.

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
Commissions & Fees 4/5 Stars 4.5/5 Stars
Platforms & Tools 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
Commissions & Fees 4/5 Stars 4.5/5 Stars
Range of Investments 4.5/5 Stars 4/5 Stars
Platforms & Tools 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 1.6 info 1.2 info
All-in Cost EUR/USD - Active info 0.8 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
Commissions & Fees 4/5 Stars 4.5/5 Stars
Range of Investments 4.5/5 Stars 4/5 Stars
Platforms & Tools 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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