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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 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 (Henyep Capital Markets) both let you trade forex as CFDs or spot and provide access to exchange-traded stocks on U.S. and international markets (not CFDs). XM lists 1,394 total tradeable symbols versus HYCM’s 1,199. HYCM edges ahead on currency coverage with 70 forex pairs compared with XM’s 55. Both brokers offer cryptocurrency derivatives but do not support buying actual crypto. A key difference is copy trading: XM supports it, while HYCM does not.

For range of investments, XM Group earns 4.5 stars and ranks #25 out of 63 brokers on ForexBrokers.com, while HYCM scores 4 stars and ranks #34. Choose XM if you want a wider selection of instruments and copy trading; consider HYCM if your priority is a larger list of forex pairs alongside access to U.S. and global stocks.

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. Stock Trading (Non CFD) info Yes Yes
Int'l Stock Trading (Non CFD) info Yes Yes
Social Trading / Copy Trading info Yes No
Cryptocurrency (Underlying) info No No
Cryptocurrency (Derivative) 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 make it easy to get started with a free demo (paper) account. Each supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), available in the browser and as a Windows desktop download, and both let you place trades directly from charts. Key differences: HYCM also provides its own proprietary platform, while XM Group relies on third‑party platforms; and XM Group offers copy trading, whereas HYCM does not.

For trading platforms and tools, ForexBrokers.com rates both brokers 4 stars. XM Group is ranked #33 out of 63 brokers, while HYCM is ranked #41. If you want copy trading and a simple MetaTrader-only setup, XM Group is a strong pick. If you prefer to try a broker’s in-house platform alongside MT4/MT5, HYCM is worth considering. In either case, you can test features first with a free demo and use chart trading on both.

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
Social Trading / 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 (Henyep Capital Markets) both offer mobile trading apps for iPhone and Android, complete with stock and forex price alerts and real-time quote watchlists. A key difference is watchlist syncing: XM Group syncs symbols between the mobile app and your online account, while HYCM does not, which can matter if you switch between devices.

For charting, both apps include 30 technical studies and let you draw trendlines. HYCM goes a step further by auto-saving your chart drawings, whereas XM Group does not. In independent evaluations, both earn 4 out of 5 stars for mobile trading apps; however, XM Group ranks #31 out of 63 brokers in this category, while HYCM ranks #38.

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
Mobile Watchlist info Yes 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 info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central (Recognia) info Yes Yes
Client sentiment data info Yes No
TipRanks info No No
Signal Centre (Acuity Trading) info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

For beginner traders comparing XM Group and HYCM (Henyep Capital Markets), both brokers offer at least 10 beginner-focused videos that cover forex and CFD basics. XM goes further with at least 10 advanced videos for experienced traders, while HYCM does not. XM also runs monthly online educational webinars; HYCM does not currently host monthly client webinars. Details about a searchable archive of past webinars, an investing dictionary with 50+ terms, and whether each broker meets a broader “10+ education pieces” benchmark were not specified in the provided data.

Based on the source’s ratings, XM Group earns 5 stars for Education and ranks #7 out of 63 brokers on ForexBrokers.com, while HYCM scores 3.5 stars and ranks #32. If you want frequent live learning and room to grow into advanced topics, XM is the stronger pick; if you mainly need starter videos, both brokers can meet that need.

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)?

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.

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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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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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 (SFC 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. Stock Trading (Non CFD) info Yes Yes
Int'l Stock Trading (Non CFD) info Yes Yes
Social Trading / Copy Trading info Yes No
Cryptocurrency (Underlying) info No No
Cryptocurrency (Derivative) 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 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
Social Trading / 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 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
Mobile Research - Economic Calendar info Yes Yes
Research XM Group HYCM (Henyep Capital Markets)
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central (Recognia) 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 info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
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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