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 XM Group and HYCM (Henyep Capital Markets) in terms of commissions and fees, both brokers have distinct offerings that cater to various trading preferences. XM Group is rated 4 out of 5 stars, but its standard account spreads are considered expensive, and the specific average spreads for its commission-based XM Zero account are not published. Despite these drawbacks, XM Group maintains a mid-tier ranking as number 33 out of 63 brokers in the Commissions and Fees category by ForexBrokers.com.
In contrast, HYCM has a slightly higher rating of 4.5 stars for commissions and fees, with more competitive pricing options. Their Raw account offers an all-in cost of about 0.6 pips for the EUR/USD pair, making it an attractive choice for cost-conscious traders. The Classic account, on the other hand, has a variable spread starting from 1.2 pips, while the fixed-spread account offers a consistent spread of 1.5 pips. Thanks to these flexible pricing structures, HYCM is ranked noticeably higher at number 15 out of 63 brokers in the same category by ForexBrokers.com.
Ultimately, your choice between XM Group and HYCM will depend on your specific trading needs, such as whether you prioritize lower spreads or transparency in pricing. While XM Group provides reliable services, HYCM's more competitive options and superior ranking can offer better value for traders seeking efficient cost management.
| 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.
XM Group and HYCM (Henyep Capital Markets) both offer forex trading as CFDs, providing traders a range of investment opportunities. XM Group features a wider variety of tradeable symbols with 1,394 options, including 55 forex pairs, while HYCM offers 1,199 symbols and a larger selection of 70 forex pairs. Both brokers give investors the opportunity to invest in exchange traded securities, not only on U.S. exchanges like NASDAQ but also on international exchanges such as the London Stock Exchange, allowing users to purchase popular stocks like Apple and Vodafone.
In terms of additional investment features, XM Group stands out by offering copy trading, a service not available with HYCM. Neither broker allows clients to purchase actual cryptocurrency, but both provide options to engage in cryptocurrency derivatives. When considering the range of investments, XM Group is rated slightly higher with 4.5 stars compared to HYCM's 4 stars. According to ForexBrokers.com, XM Group ranks #23 out of 63 brokers for range of investments, while HYCM holds the #33 spot, highlighting a subtle advantage for XM Group in the scope of investment offerings available to their clients.
| 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.
When comparing XM Group and HYCM in terms of trading platforms and tools, both brokers provide robust offerings but have some distinct differences. XM Group allows traders to practice and hone their skills with a free virtual demo account, a feature HYCM also offers. However, unlike XM, HYCM distinguishes itself by providing its own proprietary platform, giving it a unique edge for traders who favor in-house solutions. Both brokers support the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, available as Windows-based desktop downloads and web-based platforms. XM Group further boosts its appeal by offering copy trading capabilities, which HYCM does not currently provide.
Regarding charting tools, both brokers are evenly matched, offering 15 drawing tools each and enabling trades directly from stock charts. However, XM Group and HYCM come up short in this area as neither provides the option to use DupliTrade or ZuluTrade. For customizable watch lists, both brokers offer 7 columns for user-friendly navigation. Despite these similarities, XM Group holds a slight advantage in rankings, coming in at #31 compared to HYCM's #40 out of 63 brokers as evaluated by ForexBrokers.com. Both are rated four stars for their platforms and tools, making them comparable choices depending on a trader's specific needs and preference for proprietary platforms versus copy trading capabilities.
| 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 comparing the mobile trading apps of XM Group and HYCM, both brokers provide apps for iPhone and Android users, offering convenient access to the busy markets. Both platforms allow users to receive stock or forex price alerts, create watchlists with real-time quotes, and are equipped with 30 technical studies for charting. Additionally, traders can draw trendlines and view different timeframes such as daily, weekly, and intraday on both apps. However, XM Group stands out by enabling watchlist symbol syncing, meaning any changes made to watchlists are automatically reflected across both the mobile app and the client’s online account—an option not available with HYCM. On the flip side, while XM Group's app does not auto-save drawings on charts, HYCM’s app does offer this functionality.
Both XM Group and HYCM are equally rated with 4 out of 5 stars for their mobile trading apps. Yet, when ranked by ForexBrokers.com in the Mobile Trading Apps category, XM Group is placed higher at 29th position out of 63 brokers, compared to HYCM’s 37th position. This indicates a slight preference for XM Group’s app among users, possibly due to the syncing feature which provides an added layer of flexibility for managing investments. Despite these differences, both platforms offer solid tools that should satisfy the needs of most traders seeking to operate on-the-go.
| 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 XM Group and HYCM in terms of market research offerings, both brokers provide daily market commentary and source forex news from top-tier providers like Bloomberg and Reuters. They each offer tools from Trading Central, supporting traders with technical analysis resources. However, XM Group steps ahead by offering a sentiment-based trading tool that illustrates positioning across various currency pairs, which HYCM does not provide. Neither broker offers resources from Autochartist, TipRanks, or Acuity Trading, indicating a focus on different research tools.
Both XM Group and HYCM include economic calendars to keep traders informed of global economic events. Nonetheless, XM Group holds a clear advantage in research excellence, earning a 5-star research rating compared to HYCM's 3.5 stars. Furthermore, XM Group's commitment to comprehensive research is highlighted by its rank of #8 out of 63 brokers on ForexBrokers.com, whereas HYCM is positioned at #35. These distinctions make XM Group a compelling choice for traders prioritizing in-depth market research.
| 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, XM Group and HYCM (Henyep Capital Markets) both offer comprehensive learning materials, but XM stands out in several areas. Both brokers provide a minimum of 10 educational pieces focusing on forex or CFDs. XM Group goes a step further by hosting monthly educational webinars, which is an offering HYCM lacks. Both companies provide a searchable archive of recorded webinars for learners who may have missed live sessions.
XM Group also emphasizes beginner education through an extensive library of at least 10 videos specifically designed for newcomers. While both brokers provide this resource, XM Group additionally offers 10 advanced trading videos for experienced traders, a feature HYCM does not match. Furthermore, while HYCM boasts an investor dictionary with over 50 terms, this is not available at XM Group. However, XM Group is rated higher for its educational resources with five stars, compared to HYCM's rating of 3.5 stars. In terms of ranking among 63 brokers, XM Group impressively holds the 7th position, while HYCM trails at 32nd place. This makes XM Group a more appealing choice for beginners seeking structured educational support.
| 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 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
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 88 | 86 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | XM Group | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 88 | 86 | |
| Winner | check_circle | ||
| Review | XM Group Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | XM Group | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
|
| |
| Mobile Trading Gallery (click to expand) |
|
| |
| Research Gallery (click to expand) |
|
| |
| Education Gallery (click to expand) |
|
|
| 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) | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 88 | 86 | |
| Winner | check_circle | ||
| Review | XM Group Review | HYCM (Henyep Capital Markets) Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill