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 | 1 | 0 |
| Tier-4 Licenses | 2 | 1 |
Comparing commissions and fees, both XTB and HYCM (Henyep Capital Markets) earn 4.5 stars. In ForexBrokers.com’s Commissions and Fees category, XTB ranks #12 out of 63 brokers, while HYCM ranks #16.
XTB offers a spread-only Standard account and a commission-based Professional account reserved for elective professionals in the U.K. and EU—though the Pro option is being phased out and is no longer promoted in most regions. In Q4 2023, the average EUR/USD spread on the Standard account was 1.0 pip. Pricing is about in line with the industry average, with the Standard account often cheaper for smaller trade sizes and similar to Pro at higher volumes. Minimum deposit is 250 in your base currency. Active traders can qualify for the Lower Spread Group, which rebates 5%–30% of the spread once you trade 20–1,000 lots per month, helping lower overall costs.
HYCM’s Raw account targets low-cost trading with an all-in EUR/USD price near 0.6 pips after commission, undercutting XTB’s 1.0-pip Standard spread for that pair. HYCM’s Classic account has variable spreads from 1.2 pips, and its fixed-spread account starts at 1.5 pips. If you want the tightest spreads and don’t mind a commission, HYCM’s Raw account may be appealing; if you prefer a simple spread-only setup—especially for smaller trade sizes—XTB’s Standard account is a strong fit, with potential savings for high-volume traders through rebates.
| Feature |
XTB
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $0 | $20 |
| Average spread (EUR/USD) - Standard account | 1.00 | 1.2 |
| All-in Cost EUR/USD - Active | 1.00 | 0.6 |
| Non-wire bank transfer | 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). XTB lists 7,184 tradeable symbols versus HYCM’s 1,199, and provides 71 forex pairs compared with HYCM’s 70. Both brokers support forex trading (CFD or spot), allow you to buy exchange-traded stocks on U.S. and international exchanges (think Apple and Vodafone), and both offer cryptocurrency CFDs but not actual, delivered crypto. Neither platform provides copy trading.
For breadth, XTB earns 5 stars for Range of Investments and is ranked #15 out of 63 brokers by ForexBrokers.com, while HYCM receives 4 stars and ranks #34. If you want the biggest selection of markets under one roof, XTB has the edge; if you mainly trade core markets, HYCM covers the essentials.
| 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. Stocks (Shares) | Yes | Yes |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | No | No |
| Cryptocurrency (Underlying) | No | 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.
Comparing XTB vs HYCM (Henyep Capital Markets) for trading platforms and tools: both brokers provide free demo accounts, their own proprietary platforms, Windows desktop downloads, and web-based platforms. Each lets you place trades directly from charts, and neither offers copy trading. The big difference is third-party platforms—XTB does not support MetaTrader, while HYCM offers both MT4 and MT5, which can matter if you prefer MetaTrader or use Expert Advisors.
On performance and recognition, ForexBrokers.com rates XTB 4.5/5 stars (ranked #9 of 63) and HYCM 4/5 stars (ranked #41 of 63). Choose XTB if you want a higher-rated in-house platform experience; pick HYCM if having MetaTrader 4 and MetaTrader 5 is a priority. Either way, you get desktop and web trading, chart-based order entry, and a free practice account.
| Feature |
XTB
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 39 | 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. Each app supports stock and forex price alerts, lets you draw trendlines on charts, and auto-saves your drawings. One shared gap is watchlist symbol syncing: neither XTB nor HYCM syncs watchlists between the mobile app and your online account, so changes made on one won’t appear on the other.
For charting, the XTB mobile app includes 39 technical studies, while the HYCM app offers 30—useful for traders who lean on indicators. Independent ratings tilt toward XTB: it earns 4.5 stars and ranks #8 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, compared to HYCM’s 4 stars and #38 ranking. In short, both apps cover the essentials, but XTB’s mobile trading app has a deeper toolkit and stronger reviews.
| Feature |
XTB
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 39 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
XTB and HYCM both cover the basics of market research well: each offers daily market commentary, an economic calendar, and forex news from top-tier sources such as Bloomberg, Reuters, or Dow Jones. Neither broker includes research from Autochartist, TipRanks, or Acuity Trading (Signal Centre).
The key differences come down to tools and ratings. XTB provides a sentiment-based trading tool that shows long and short positioning across instruments, while HYCM does not. HYCM, on the other hand, offers Trading Central research, which XTB lacks. For overall quality, XTB earns 5 stars and ranks #7 out of 63 brokers for Research on ForexBrokers.com, while HYCM holds 3.5 stars and ranks #36. If you want sentiment data, XTB has the edge; if you value Trading Central insights, HYCM is the pick.
| Feature |
XTB
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | 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.
For beginners comparing XTB and HYCM (Henyep Capital Markets) on education, both brokers provide at least ten beginner-focused videos that explain trading topics in clear, simple terms. XTB also runs at least one educational client webinar each month, which can help new traders learn in real time and ask questions. HYCM does not offer regular client webinars.
If you plan to advance your skills, XTB offers at least ten videos aimed at experienced traders, while HYCM does not match that level of advanced content. Reflecting these differences, ForexBrokers.com rates XTB 5 stars for Education and ranks it #11 out of 63 brokers; HYCM holds 3.5 stars and ranks #32. In short, XTB is better suited if you want ongoing webinars and a learning path that can grow with you, whereas HYCM can cover the basics with beginner videos.
| 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 #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
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
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| Trust Score | 96 | 86 |
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In a comparison of XTB vs HYCM (Henyep Capital Markets), neither broker allows purchasing actual delivered cryptocurrency, but both offer cryptocurrency CFDs for trading.
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 | 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 | 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 (SFC 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 SCA 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) | 7184 | 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) | No | 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) - Standard account | 1.00 | 1.2 | |
| All-in Cost EUR/USD - Active | 1.00 | 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 | No | No |
| Trading Platforms | XTB | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | 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) | 39 | 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 | No | No | |
| Mobile Charting - Indicators / Studies | 39 | 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) | Yes | 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 | 86 | |
| Winner | check_circle | ||
| Review | XTB Review | HYCM (Henyep Capital Markets) Review |
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