Written by ForexBrokers.com
In this head to head comparison of XTB 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.
This XTB vs HYCM (Henyep Capital Markets) comparison covers trust and regulation in plain terms. XTB, founded in 2002, is publicly traded, while HYCM, founded in 1977, is privately held; neither broker is a bank. Based on ForexBrokers.com’s Trust Score, XTB earns 96/99 (highly trusted) and HYCM earns 85/99 (trusted).
On regulatory strength, both brokers hold two Tier-1 licenses (the most trusted level at ForexBrokers.com). XTB also holds two Tier-2 licenses versus HYCM’s one, giving XTB a slight edge in regulatory coverage to go with its higher Trust Score. For reference, the ForexBrokers.com scale rates 90–99 as highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, and below 59 not trusted.
| Feature |
XTB
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 2002 | 1977 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 1 | 0 |
| Tier-4 Licenses | 2 | 1 |
XTB and HYCM both earn 4.5 out of 5 stars for commissions and fees, but XTB has the stronger ranking overall, placing #13 out of 36 brokers compared with HYCM at #18 out of 36. For cost-conscious traders, that means both brokers are competitive, though XTB has a slight edge in the category.
XTB offers a spread-only Standard account and a commission-based Professional account, although the Pro option is now limited to eligible clients in the U.K. and Europe and is being phased out in most regions. Based on Q4 2023 data, XTB’s average EUR/USD spread was 1 pip. Its pricing is around the industry average, and the Standard account is usually the better choice for smaller trades. Minimum deposits start at 250 of your base currency, and active traders can get a spread rebate of 5% to 30% through XTB’s Lower Spread Group when they hit volume targets.
HYCM’s pricing is also straightforward, with a Raw account offering an all-in EUR/USD cost of about 0.6 pips after commission, which is its lowest-cost option. The Classic account is more expensive, with spreads starting from 1.2 pips, while the fixed-spread account comes in at 1.5 pips. In simple terms, HYCM can be very competitive for traders who use the Raw account, while XTB may appeal more to those who want a spread-only setup and possible volume-based rebates.
| Feature |
XTB
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $0 | $20 |
| Average spread (EUR/USD) - Spread-only account | 1.06 | 1.3 |
| All-in Cost EUR/USD - Raw spread account | N/A | 0.6 |
| Non-wire bank transfer (Deposit/Withdraw) | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
XTB offers a wider range of investments than HYCM (Henyep Capital Markets), with 10,521 tradeable symbols compared with 1,199 at HYCM. Both brokers support forex trading as a CFD or spot contract and offer nearly the same number of forex pairs, with XTB listing 71 and HYCM listing 70. Each also lets clients trade exchange-traded shares on both U.S. and international markets, so investors can buy real stocks such as Apple or Vodafone, not just CFDs.
Where XTB stands out more is in crypto access and overall market choice. XTB lets clients buy actual cryptocurrency as well as crypto CFDs, while HYCM only offers crypto CFDs. This broader selection is reflected in ratings and rankings: XTB earns 5 out of 5 stars for Range of Investments and ranks 15th out of 36 brokers, while HYCM scores 4 out of 5 stars and ranks 28th.
| Feature |
XTB
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10521 | 1199 |
| Forex Pairs (Total) | 71 | 70 |
| U.S. Stocks (Shares) | Yes | Yes |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | No | No |
| Cryptocurrency (Underlying) | Yes | No |
| Cryptocurrency (CFDs) | 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.
XTB and HYCM both give traders a free demo account, a web-based platform, and a built-in platform of their own, so each broker covers the basics well for people who want to test strategies or trade from a browser. Both also let you place trades directly from a chart, but neither offers copy trading. XTB stands out for its easy-to-use online setup, while HYCM adds more platform choice for active traders with support for both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), plus a Windows desktop download.
When it comes to trading platforms and tools, XTB scores 4.5 out of 5 stars and ranks #9 out of 36 brokers at ForexBrokers.com, compared with HYCM’s 4 out of 5 stars and #35 ranking. In simple terms, XTB is the stronger pick overall for this category, especially for traders who want a smooth web experience, while HYCM may appeal to users who specifically want MT4, MT5, or a downloadable desktop platform.
| Feature |
XTB
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 92 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
XTB and HYCM (Henyep Capital Markets) both offer mobile trading apps for iPhone and Android, and each app includes stock or forex price alerts, trendline drawing tools, and auto-saving for chart drawings. Both brokers make it easy to trade on the go, but XTB stands out for a stronger mobile experience overall, with 104 technical studies in its app compared with HYCM’s 30.
One key difference is watchlist syncing: XTB lets mobile watchlists sync with the client’s online account, while HYCM does not. That extra convenience, along with XTB’s higher Mobile Trading Apps rating of 4.5 stars versus HYCM’s 4 stars, helps explain why XTB is ranked #8 out of 36 brokers by ForexBrokers.com, compared with HYCM at #33.
| Feature |
XTB
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 104 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
XTB and HYCM both give traders daily market commentary and an economic calendar, so each platform covers the basics for following news events and staying up to date. XTB also stands out with a sentiment tool that shows the balance of long and short positions across markets, which can help traders gauge how others are positioned. HYCM, on the other hand, offers forex news from major sources such as Reuters and Dow Jones, plus Trading Central tools for extra market insight.
When it comes to research, XTB has the edge overall. It is rated 5 stars for Research and ranks #9 out of 36 brokers at ForexBrokers.com, while HYCM is rated 3.5 stars and ranks #32. Neither broker includes Autochartist, TipRanks, or Acuity Trading tools, but XTB provides stronger research support overall, while HYCM is better if you want access to top-tier news feeds and Trading Central analysis.
| Feature |
XTB
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central | No | Yes |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
XTB is the stronger choice for beginners looking for education, especially if you want plenty of help learning the basics of forex and CFDs. It offers online educational client webinars at least once a month, along with 10+ beginner trading videos and 10+ advanced videos for traders who want to keep learning. In ForexBrokers.com’s Education category, XTB earns 5 out of 5 stars and ranks #11 out of 36 brokers, which points to a wide range of learning materials for new and growing traders.
HYCM (Henyep Capital Markets) also provides beginner trading videos and has some forex or CFDs education, but it falls behind XTB in overall learning support. It does not offer monthly educational webinars, and it does not have 10+ advanced videos for experienced traders. HYCM is rated 3.5 out of 5 stars for Education and ranks #28 out of 36 brokers, making it a less complete option for beginners who want frequent lessons and more ways to build trading knowledge.
| Feature |
XTB
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that XTB is better than HYCM (Henyep Capital Markets). XTB finished with an overall rank of #7, while HYCM (Henyep Capital Markets) finished with an overall rank of #26.
As a trusted multi-asset broker, XTB offers outstanding customer service, a wide variety of forex and CFDs, and an excellent overall trading experience. Its xStation 5 trading platform is well-designed and packed with innovative features, and XTB offers comprehensive educational content and market research.
| Feature |
XTB
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
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| Trust Score | 96 | 85 |
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XTB lets you buy actual delivered cryptocurrency as well as trade cryptocurrency CFDs, while HYCM (Henyep Capital Markets) offers cryptocurrency CFDs but does not provide access to buying the actual cryptocurrency.
Online broker XTB supports PayPal and Skrill for deposits and withdrawals while HYCM (Henyep Capital Markets) supports Skrill only; both brokers support bank wire transfers, neither supports ACH or SEPA, and Visa/Mastercard availability is not specified for either.
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 | XTB | HYCM (Henyep Capital Markets) | |
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| Trust Score | 96 | 85 | |
| Winner | check_circle | ||
| Review | XTB Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | XTB | HYCM (Henyep Capital Markets) | |
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| Regulation | XTB | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trust Score | 96 | 85 | |
| Year Founded | 2002 | 1977 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 1 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | XTB | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | 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) | XTB | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | XTB | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10521 | 1199 | |
| Forex Pairs (Total) | 71 | 70 | |
| U.S. Stocks (Shares) | Yes | Yes | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | No | No | |
| Cryptocurrency (Underlying) | Yes | No | |
| Cryptocurrency (CFDs) | 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 | XTB | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Average spread (EUR/USD) - Spread-only account | 1.06 | 1.3 | |
| All-in Cost EUR/USD - Raw spread account | N/A | 0.6 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | XTB | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | $0 | $20 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | No | No |
| Trading Platforms | XTB | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | XTB | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 92 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | XTB | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 104 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | XTB | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central | No | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | XTB | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | XTB | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| Review | XTB Review | HYCM (Henyep Capital Markets) Review |
| Overall | XTB | HYCM (Henyep Capital Markets) | |
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| Trust Score | 96 | 85 | |
| Winner | check_circle | ||
| Review | XTB Review | HYCM (Henyep Capital Markets) Review |
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