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.
When considering online brokers, XTB and HYCM (Henyep Capital Markets) both provide strong options with distinct advantages. XTB, founded in 2002, is publicly traded and holds two Tier-1 and two Tier-2 licenses, giving it a high level of trust in the trading community with a ForexBrokers.com Trust Score of 96. On the other hand, HYCM, established in 1977, is not publicly traded but also holds two Tier-1 licenses and one Tier-2 license. It has a trust score of 86, reflecting its reputable standing in the market.
Neither XTB nor HYCM operates as a bank, yet both have demonstrated trustworthiness through their regulatory standings. XTB's status as a public company and its top-tier trust score make it a highly attractive option for traders valuing transparency and reliability. Meanwhile, HYCM's long history and solid regulatory credentials provide a trusted platform for those interested in trading with a seasoned broker. Each broker offers a secure environment, tailored to different trading preferences and needs.
| 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 | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
XTB and HYCM (Henyep Capital Markets) both offer competitive commissions and fees, but they cater to slightly different customer needs. XTB provides two account types: the spread-only Standard account, which is more suitable for retail forex traders, and the commission-based Professional account reserved for professional clients in the U.K. and Europe. The average forex spreads for XTB’s EUR/USD pair is 1 pip. On the other hand, HYCM offers accounts with varying spreads and a competitive Raw account where the all-in cost for the EUR/USD pair is approximately 0.6 pips after commission.
When considering active trading, XTB offers volume-based discounts through its Lower Spread Group, which can rebate a portion of the spread from 5% to 30% once traders hit certain thresholds. HYCM's Classic account starts at a higher variable spread of 1.2 pips whereas they also offer a fixed-spread account with 1.5 pips. For those who frequently trade, XTB's rebate program can provide added savings. HYCM’s Raw account is attractive for those seeking lower all-in trading costs with competitive pricing.
In terms of star ratings and rankings, both XTB and HYCM receive 4.5 stars for their commissions and fees. However, XTB ranks slightly higher, positioned at #11 out of 63 brokers on ForexBrokers.com, while HYCM is placed at #15. Whether prioritizing account type versatility or raw trading cost, both brokers present viable options, each with unique advantages tailored to different trading strategies.
| Feature |
XTB
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $0 | $20 |
| Average Spread EUR/USD - Standard | 1.00 | 1.2 |
| All-in Cost EUR/USD - Active | 1.00 | 0.6 |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | 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 range of investments offered by XTB and HYCM, XTB stands out with a significantly higher number of tradeable symbols, boasting 7,184 compared to HYCM's 1,199. Both brokers provide the opportunity to engage in forex trading as a CFD or spot contract, with XTB offering a slight edge with 71 forex pairs versus HYCM's 70. Additionally, both brokers offer access to exchange-traded securities on U.S. and international exchanges, allowing investors to purchase shares such as Apple's or Vodafone's directly and not just as CFDs.
Investors looking for opportunities in cryptocurrency derivatives will find both XTB and HYCM accommodating, as each offers derivatives without the option to buy actual cryptocurrencies. However, if copy trading is a priority, neither broker currently provides this feature. XTB is rated 5 stars for its range of investments by ForexBrokers.com and ranks 14th out of 63 brokers, making it a more highly ranked option than HYCM, which has a 4-star rating and ranks 33rd in the same category.
| Feature |
XTB
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7184 | 1199 |
| Forex Pairs (Total) | 71 | 70 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | No | 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 the trading platforms and tools of XTB and HYCM (Henyep Capital Markets), both brokers offer a vast selection of features that cater to diverse trading needs. A standout element for XTB is their proprietary platform crafted in-house, which can be accessed via both Windows-based desktop downloads and web browsers, offering flexibility to traders. Though both brokers provide free virtual demo accounts to practice trading skills, XTB does not support MetaTrader 4 (MT4) or MetaTrader 5 (MT5), which are available at HYCM, adding versatility for traders who prefer these popular platforms. Additionally, both brokers allow trading directly from stock charts, enhancing ease of use for investors. However, HYCM falls behind in drawing tools with 15 options compared to XTB’s more comprehensive offering of 32, giving XTB a slight edge in chart analysis.
XTB garners a higher rating of 4.5 stars for its trading platforms and tools, placing an impressive rank of #9 out of 63 brokers, indicating strong satisfaction among users. In contrast, HYCM is rated 4 stars, securing a lower rank of #40. This discrepancy highlights XTB’s broader appeal in technical aspects, such as offering more columns for watch lists at 8 compared to 7 at HYCM. While neither broker supports copy trading or social trading networks like ZuluTrade and DupliTrade, they remain competitive by focusing on their core offerings. Ultimately, traders seeking innovative proprietary solutions and a robust set of charting tools might lean towards XTB, whereas those valuing the availability of MT4 and MT5 might find HYCM more aligned with their trading style.
| Feature |
XTB
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 39 | 30 |
| Charting - Drawing Tools (Total) | 32 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When considering mobile trading apps, both XTB and HYCM provide options for iPhone and Android users. Each platform offers stock and forex price alerts and the ability to create watchlists with real-time quotes, making them convenient choices for traders on the go. However, neither platform supports watchlist symbol syncing between the mobile app and the user’s online account. When it comes to charting features, XTB offers an impressive 39 technical studies compared to HYCM’s 30, giving traders more options for in-depth analysis. Both apps allow users to draw trendlines, view multiple time frames, and automatically save drawings on charts, which are essential tools for technical analysis enthusiasts.
XTB stands out with a mobile app rating of 4.5 stars, placing it in the top tier among 63 brokers at the 8th position. In comparison, HYCM earns 4 stars, ranking it at 37th place in the same list. This discrepancy might influence traders looking for a highly rated mobile trading experience. Whether you're a seasoned trader or new to the market, these differences in ratings and features could be crucial in choosing the right platform for your needs. If technical studies and app performance are your priorities, XTB might be the more appealing choice. However, both XTB and HYCM provide solid mobile trading apps that cater to modern trading requirements.
| Feature |
XTB
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 39 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, XTB and HYCM both provide valuable resources for traders. Both platforms offer daily market commentary and forex news from top-tier sources like Bloomberg and Reuters. However, they differ in the tools they provide. XTB excels with a sentiment-based trading tool that reveals the ratio of long or short positions across various instruments, a feature absent from HYCM. On the other hand, HYCM provides access to Technical Analytics from Trading Central, giving it an edge in technical analysis offerings, while XTB does not provide this particular tool.
Both brokers offer economic calendars to keep traders informed on upcoming global news events. While neither partner with TipRanks or Acuity Trading, XTB stands out with a higher research rating, scoring 5 stars compared to HYCM's 3.5 stars. This distinction is reflected in their ForexBrokers.com rankings, with XTB ranked at #7, a notable leap ahead of HYCM's placement at #35 out of 63 brokers. Clearly, for traders prioritizing comprehensive research, XTB appears to offer a more robust package of research features.
| Feature |
XTB
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | 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, XTB outshines HYCM (Henyep Capital Markets) in several key areas. Both brokers provide a respectable foundation of educational pieces focused on forex and CFDs, meeting the minimum requirement of 10 pieces such as articles and videos. However, XTB takes a step further by conducting monthly webinars and maintains a searchable archive of past webinars, making it easier for beginners to learn at their own pace. Moreover, XTB offers a robust collection of educational videos for both novices and more seasoned traders, while HYCM lacks advanced video content for experienced traders. XTB might fall short of offering an investor dictionary, yet the depth and variety of their educational resources contribute to their strong 5-star education rating and an impressive #11 rank out of 63 brokers according to ForexBrokers.com.
In contrast, HYCM (Henyep Capital Markets) does provide a handy investor dictionary with over 50 investing terms, an area where XTB is lacking. However, HYCM does not offer the regular webinars that XTB does, which is a drawback for beginners who benefit from live guidance. Even though both platforms have a searchable archive of webinar content, the absence of frequent new webinars may limit HYCM’s appeal for ongoing education. As a result, HYCM receives a moderate 3.5-star rating in the education category and is ranked #32 out of 63 brokers by ForexBrokers.com. For beginners eager to dive into trading with ample educational support, XTB clearly leads the way.
| Feature |
XTB
|
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 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 #29.
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’s offers comprehensive educational content and market research.
| Feature |
XTB
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HYCM (Henyep Capital Markets)
|
|---|---|---|
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| Trust Score | 96 | 86 |
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Both XTB and HYCM (Henyep Capital Markets) do not offer the ability to buy actual delivered cryptocurrencies, but both brokers provide options to trade cryptocurrency derivatives.
When comparing online brokers XTB and HYCM, XTB differentiates itself by offering PayPal alongside other deposit and withdrawal methods like Skrill, Visa, Mastercard, and bank wires, while HYCM supports Skrill, Visa, Mastercard, and bank wires, but does not offer PayPal; neither broker provides ACH or SEPA transfers as options for transactions.
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 | 86 | |
| 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 | 86 | |
| 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 | 0 | 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 (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| 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) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | XTB | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 7184 | 1199 | |
| Forex Pairs (Total) | 71 | 70 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | No | 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 | XTB | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.00 | 1.2 | |
| All-in Cost EUR/USD - Active | 1.00 | 0.6 | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| 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 | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | XTB | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | XTB | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 7 | |
| Charting - Indicators / Studies (Total) | 39 | 30 | |
| Charting - Drawing Tools (Total) | 32 | 15 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 39 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | XTB | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | XTB | 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 | XTB | 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 | XTB Review | HYCM (Henyep Capital Markets) Review |
| Overall | XTB | HYCM (Henyep Capital Markets) | |
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| Trust Score | 96 | 86 | |
| Winner | check_circle | ||
| Review | XTB Review | HYCM (Henyep Capital Markets) Review |
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