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.
XM Group, established in 2009, and HYCM (Henyep Capital Markets), founded in 1977, are both prominent players in the online brokerage industry. Neither of these brokers is publicly traded or operates as a bank. When it comes to regulation, XM Group holds four Tier-1 licenses, considered highly trusted, and one Tier-2 license. In comparison, HYCM holds two Tier-1 licenses and one Tier-2 license. These regulatory credentials help assure traders of the firms' compliance with strict standards, underscoring their commitment to providing secure trading environments.
In terms of trustworthiness, both brokers have noteworthy ratings. XM Group holds a Trust Score of 88 out of 99, indicating a solid level of trust. HYCM follows closely with a Trust Score of 86, marking it as a reliable choice as well. While XM Group possesses more Tier-1 licenses, suggesting a potentially higher level of trust, both brokers are within the "trusted" range, ensuring clients can trade with peace of mind.
| 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 | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing the commissions and fees of XM Group and HYCM, there are distinct differences to consider for potential traders. XM Group offers a standard account with relatively high spreads. However, the average spreads for their commission-based XM Zero account are not disclosed, which may pose a challenge for those seeking transparency in trading costs. This approach results in XM Group receiving a rating of four stars for its commissions and fees.
In contrast, HYCM provides a more comprehensive breakdown of its fee structure. Their Raw account features competitive pricing, with an all-in cost of approximately 0.6 pips for the EUR/USD pair, after commission. The Classic account, however, is more costly, presenting a variable spread that starts from 1.2 pips. For those desiring predictability, HYCM also offers a fixed-spread account option with a spread of 1.5 pips. Due to its transparency and competitive pricing, HYCM earns a higher rating of 4.5 stars for commissions and fees.
When ranked by ForexBrokers.com for the Commissions and Fees category, XM Group is positioned at #33 out of 62 brokers, while HYCM is ranked significantly higher at #15. This ranking reflects HYCM’s advantage in offering detailed and competitive pricing options, making it a more favorable choice for traders focused on minimizing their transaction costs.
| Feature |
XM Group
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $5 | $20 |
| Average Spread EUR/USD - Standard | 1.6 | 1.2 |
| All-in Cost EUR/USD - Active | 0.8 | 0.6 |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the online investment offerings of XM Group and HYCM, both platforms provide substantial opportunities for traders and investors. XM Group supports a wide array of 1,394 tradeable symbols, including 55 forex pairs and the ability to invest in U.S. and international exchange-traded securities like Apple and Vodafone. XM Group allows users to engage in copy trading and offers contracts for various cryptocurrency derivatives, although it does not facilitate the purchase of actual cryptocurrencies. Rated at 4.5 stars for its range of investments, XM Group ranks #23 out of 62 brokers on ForexBrokers.com.
HYCM (Henyep Capital Markets) serves its clients with 1,199 tradeable symbols, featuring 70 forex pairs, and also provides access to stocks on U.S. and global exchanges. While similar to XM Group in that it offers cryptocurrency derivatives trading, it does not support copy trading or the purchase of actual cryptocurrencies. HYCM is rated 4 stars for its investment variety and is ranked #33 by ForexBrokers.com among 62 brokerages. This makes both XM Group and HYCM versatile platforms, though XM Group edges slightly ahead in terms of breadth and recognition for investment options.
| Feature |
XM Group
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1394 | 1199 |
| Forex Pairs (Total) | 55 | 70 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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.
Both XM Group and HYCM offer traders access to robust trading platforms tailored to fit various trading preferences. Both brokers provide free demo accounts, allowing traders to experiment with their services risk-free. When it comes to desktop solutions, both firms support MetaTrader 4 (MT4) and MetaTrader 5 (MT5), catering to various trading styles. While XM Group lacks a proprietary platform, HYCM fills this gap with its own in-house platform, offering an exclusive trading experience. Furthermore, both brokers make trading convenient with their web-based platforms and allow trades directly from stock charts. However, XM Group sets itself apart by offering a copy trading feature, whereas HYCM does not.
For charting and analysis, both XM Group and HYCM supply a comprehensive set of tools, including 15 drawing tools. They each permit investors to organize their observations with watch lists housing seven fields. XM Group and HYCM each garnered a rating of four stars in trading platforms and tools, signifying their competitive performance. Although both brokers perform well, XM holds a slightly higher position at #31 compared to HYCM’s #40 in the ForexBrokers.com ranking among 62 brokers, indicating XM Group's marginal edge in these offerings. Ultimately, both provide solid trading environments, but traders might prefer XM for its additional copy trading capability.
| Feature |
XM Group
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both XM Group and HYCM offer versatility with iPhone and Android compatibility. Users of either platform can receive stock or forex price alerts, and both apps provide extensive charting tools, allowing traders to draw trendlines and access various time frames. Each mobile app includes 30 technical studies for charting, ensuring a range of analytical options. Both apps also support the creation of watchlists with real-time quotes, though XM Group holds a slight advantage, enabling watchlist syncing across devices—a feature not available with HYCM.
Additionally, XM Group and HYCM are evenly matched with a 4-star rating for their mobile trading apps. However, traders might note that while HYCM's app auto-saves chart drawings for convenience, XM Group does not offer this function. From an industry ranking perspective, XM Group is placed higher, holding the 29th spot compared to HYCM’s 37th in the ForexBrokers.com list of 62 brokers. This rank shows that despite both offering solid mobile trading experiences, XM Group holds a slight edge in the mobile trading app category.
| Feature |
XM Group
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of XM Group and HYCM, both brokers deliver daily market commentary and provide forex news from top-tier sources such as Bloomberg and Reuters. They also support technical analysis with tools from Trading Central, making them valuable for traders who rely on detailed technical insights. Furthermore, both brokers feature an economic calendar that updates users on global economic events, helping traders stay informed about market-moving news.
However, there are some notable differences between the two. XM Group stands out with its sentiment-based trading tool, which displays a ratio of long or short positions across various currency pairs. This feature is not offered by HYCM. Consequently, XM Group achieves a higher research rating with 5 stars compared to HYCM's 3.5 stars. In the broader research category ranked by ForexBrokers.com, XM Group takes the 8th spot, showcasing its superior research services, while HYCM is positioned at 35th out of 62 brokers.
| Feature |
XM Group
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners in online trading, XM Group and HYCM (Henyep Capital Markets) both provide valuable materials, but there are key differences. XM Group stands out with its array of educational materials, including a variety of at least 10 pieces focusing on forex and CFDs, complemented by monthly webinars, and a comprehensive library of recorded webinars. Additionally, XM Group offers tailored content with more than 10 beginner-focused trading videos and resources for advanced traders. These offerings have earned them a top education rating of 5 stars and a commendable 7th place ranking out of 62 brokers on ForexBrokers.com.
Conversely, HYCM does offer a solid selection of educational pieces such as articles and videos covering forex and CFDs, but lacks regular live webinars. However, they compensate with an investor dictionary containing over 50 key terms, which is a helpful tool for newcomers. While HYCM offers beginner videos, their advanced content is limited in comparison. This difference in educational scope and variety reflects in HYCM's 3.5-star education rating and a 32nd place ranking in the education category by ForexBrokers.com. Beginners considering these platforms should weigh the availability of advanced resources and live learning opportunities provided by XM Group against HYCM's structured foundational tools.
| Feature |
XM Group
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 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
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HYCM (Henyep Capital Markets)
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|---|---|---|
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| Trust Score | 88 | 86 |
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Both XM Group and HYCM (Henyep Capital Markets) do not provide options for purchasing actual (delivered) cryptocurrency, but they do offer cryptocurrency derivatives, allowing traders to speculate on the price movements without owning the actual digital asset.
Both XM Group and HYCM (Henyep Capital Markets) do not support ACH or SEPA transfers or PayPal for deposits or withdrawals, but they do offer Skrill, Visa, Mastercard, and bank wire transfers as transaction options for account funding.
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 | 88 | 86 | |
| 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 | 88 | 86 | |
| 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 | 1 | 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 (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| 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) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | XM Group | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1394 | 1199 | |
| Forex Pairs (Total) | 55 | 70 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | 1.6 | 1.2 | |
| All-in Cost EUR/USD - Active | 0.8 | 0.6 | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | Yes | |
| 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 | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | XM Group | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | XM Group | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | XM Group | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | XM Group | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | XM Group | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | XM Group Review | HYCM (Henyep Capital Markets) Review |
| Overall | XM Group | HYCM (Henyep Capital Markets) | |
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| Trust Score | 88 | 86 | |
| Winner | check_circle | ||
| Review | XM Group Review | HYCM (Henyep Capital Markets) Review |
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