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), making it the stronger choice for traders who want more variety in one place. XTB lists 10,521 tradeable symbols compared with HYCM’s 1,199, and it also has a small edge in forex, with 71 currency pairs versus HYCM’s 70. Both brokers let clients trade forex as CFDs, and both provide access to exchange-traded securities on U.S. and international markets, such as Apple and Vodafone shares.
Where XTB stands out more clearly is in crypto access: it allows customers to buy actual cryptocurrency as well as crypto CFDs, while HYCM offers crypto CFDs only. This broader selection helps explain XTB’s higher Range of Investments score of 5 out of 5 stars and its #14 ranking out of 36 brokers, compared with HYCM’s 4 stars and #28 ranking. Neither broker offers copy trading.
| 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 proprietary platform, and a web-based platform, so each broker makes it easy to test strategies and trade online without a desktop download. Both also let users trade directly from a chart, but neither offers copy trading. Where they differ is in desktop access and platform choice: HYCM includes a Windows desktop platform plus support for MetaTrader 4 and MetaTrader 5, while XTB does not offer these options.
For trading platforms and tools, XTB has the edge overall. It is rated 4.5 out of 5 stars and ranks 9th out of 36 brokers at ForexBrokers.com, compared with HYCM’s 4 stars and 33rd-place ranking. In simple terms, XTB looks stronger for its platform experience, while HYCM may appeal to traders who want MetaTrader and a downloadable desktop app.
| 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 give traders iPhone and Android apps, plus price alerts, trendline drawing, and auto-saving chart drawings. That means either broker can work well for people who want to trade on the go and keep up with market moves from a phone or tablet.
The bigger difference is in app quality and charting tools. XTB stands out with watchlist syncing between mobile and online accounts, 104 technical studies, a 4.5-star mobile app rating, and an #8 ranking out of 36 brokers from ForexBrokers.com. HYCM also has a solid mobile app, but it does not offer watchlist syncing, includes fewer chart studies at 30, and is rated 4 stars with a #31 ranking. For mobile trading, XTB offers the more complete experience overall.
| 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 to help track major news events. XTB also stands out with a sentiment tool that shows the balance of long and short positions across markets, which can help traders gauge market mood at a glance. However, XTB does not offer forex news from top-tier providers like Bloomberg or Reuters, and it does not include Trading Central, Autochartist, TipRanks, or Acuity Trading tools.
HYCM offers daily market commentary too, but it goes a step further by providing forex news from major sources and research tools from Trading Central. That said, HYCM does not offer a sentiment trading tool, and it also lacks Autochartist, TipRanks, and Acuity Trading. Overall, XTB is rated higher for research with 5 stars and a #9 ranking out of 36 brokers, while HYCM scores 3.5 stars and ranks #30.
| 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 stands out for beginners because it offers a wider range of learning tools for forex and CFDs, including at least 10 education pieces on these topics, monthly online client webinars, and more than 10 beginner-focused videos. It also goes further for traders who want to keep learning, with at least 10 advanced videos for more experienced users. This strong mix of articles, videos, and live sessions helps make XTB a useful choice for anyone who wants clear trading education in one place.
HYCM (Henyep Capital Markets) also provides some beginner trading videos and enough forex or CFDs education to meet the basic threshold, but it offers fewer learning options overall. It does not run monthly educational webinars and does not have at least 10 advanced videos, which may leave more experienced learners wanting more. Reflecting this difference, XTB is rated 5 stars for Education and ranks #11 out of 36 brokers by ForexBrokers.com, while HYCM is rated 3.5 stars and ranks #27, making XTB the stronger option for beginner-friendly trading education.
| 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
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HYCM (Henyep Capital Markets)
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|---|---|---|
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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 Watchlist [DELETED] | |||
| 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) | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| 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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