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XTB vs HYCM (Henyep Capital Markets) 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

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.

XTB
5/5 Stars Overall
  • Minimum Deposit: $0 info
  • Trust Score: 96
  • Tradeable Symbols (Total): 10900 info
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

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 logoXTB
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Year Founded info 2002 1977
Publicly Traded (Listed) info Yes No
Bank info No No
Tier-1 Licenses info 2 2
Tier-2 Licenses info 2 1
Tier-3 Licenses info 1 0
Tier-4 Licenses info 2 1

Fees

Comparing XTB vs HYCM on commissions and fees: both earn 4.5/5 stars, but XTB ranks slightly higher (#13 of 63) than HYCM (#18 of 63) in ForexBrokers.com’s Commissions and Fees category. XTB’s pricing sits around the industry average, while HYCM’s commission-based Raw account can deliver a sharper headline cost on EUR/USD.

XTB offers a spread-only Standard account and a commission-based Professional account that’s reserved for elective professional clients in parts of the U.K. and Europe (and is being phased out). Using Q4 2023 data, the Standard account averaged 1.0 pip on EUR/USD. Minimum deposits start at 250 in your account’s base currency. Active traders can join XTB’s Lower Spread Group to earn spread rebates of 5% to 30% once monthly volume hits 20 to 1000 lots, which can meaningfully reduce effective costs at higher volumes.

HYCM provides three pricing choices: the Raw account with an all-in cost around 0.6 pips on EUR/USD (after commission), the Classic account with variable spreads from 1.2 pips, and a fixed-spread account at 1.5 pips. In simple terms, HYCM’s Raw account can be cheaper than XTB’s Standard spread on EUR/USD if you prefer a commission-based plan, while XTB’s spread-only pricing and potential volume rebates may appeal if you want straightforward costs with the chance to lower spreads as you trade more.

Feature XTB logoXTB
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Minimum Deposit info $0 info $20
Average spread (EUR/USD) - Standard account info 0.92 info 1.3 info
All-in Cost EUR/USD - Active info 0.92 info 0.6 info
Non-wire bank transfer info No No
PayPal (Deposit/Withdraw) info Yes 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

XTB vs HYCM (Henyep Capital Markets) on range of investments: XTB lists about 10,900 tradeable symbols versus HYCM’s 1,199. For forex, XTB offers 71 currency pairs and HYCM 70, and both support forex trading via CFDs or spot. Each broker provides access to exchange-traded securities (not CFDs) on U.S. markets as well as international exchanges, so you can buy shares like Apple or Vodafone outright. Neither platform includes copy trading. For crypto, neither lets you buy the underlying coins, but both offer cryptocurrency CFDs.

For range of investments, XTB is rated 5 stars and ranks #14 out of 63 brokers at ForexBrokers.com, while HYCM is rated 4 stars and ranks #27. If you want the widest selection, XTB has the edge; HYCM still covers the core markets many traders look for.

Feature XTB logoXTB
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 10900 info 1199
Forex Pairs (Total) info 71 70
U.S. Stocks (Shares) info Yes Yes
Global Stocks (Non-U.S. Shares) info Yes Yes
Copy Trading info No No
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) 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

XTB and HYCM (Henyep Capital Markets) both cover the basics for traders who want flexible platforms and tools. Each broker offers a free demo account for paper trading, a proprietary platform, a Windows desktop download, and a web-based platform. Both also let you place trades directly from charts. Neither broker supports copy trading.

The big difference is MetaTrader support: XTB does not offer MT4 or MT5, while HYCM supports both platforms—useful if you want automated strategies or popular third-party add-ons. For trading platforms and tools, ForexBrokers.com rates XTB at 4.5 stars and ranks it 9th out of 63 brokers, while HYCM earns 4 stars and ranks 32nd out of 63. Choose XTB if you prefer a streamlined in-house platform experience; pick HYCM if MetaTrader 4 or MetaTrader 5 is a must-have.

Feature XTB logoXTB
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info No No
MetaTrader 4 (MT4) info No Yes
MetaTrader 5 (MT5) info No Yes
Charting - Indicators / Studies (Total) info 39 30
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

The XTB mobile app and the HYCM mobile app are both available on iPhone and Android. Each supports stock and forex price alerts, lets you draw trendlines on charts, and auto-saves your chart drawings. One thing neither app offers is watchlist syncing between the mobile app and your online account—changes made in one place won’t carry over to the other.

For charting depth, XTB includes 39 technical studies, while HYCM offers 30. According to ForexBrokers.com, XTB’s mobile trading app holds a 4.5-star rating and ranks #8 out of 63 brokers, compared with HYCM’s 4-star rating and #30 ranking. If you want more built-in indicators and a higher-rated experience, XTB is the stronger pick; if you prefer a simpler toolset with the essentials, HYCM still fits the bill.

Feature XTB logoXTB
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 No No
Mobile Charting - Indicators / Studies info 39 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

XTB and HYCM (Henyep Capital Markets) both cover the basics traders expect: daily market commentary, premium forex news from top-tier sources, and a handy economic calendar. Neither broker includes Autochartist, TipRanks, or Acuity Trading tools.

The key differences are in analytics. HYCM adds Trading Central, while XTB counters with a sentiment tool that shows long/short positioning across instruments. According to ForexBrokers.com, XTB earns a 5-star Research rating and ranks #9 out of 63 brokers, whereas HYCM is rated 3.5 stars and ranks #29. Choose XTB if you value sentiment data alongside quality news and commentary, or consider HYCM if Trading Central’s technical insights fit your workflow.

Feature XTB logoXTB
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central info No Yes
Client sentiment data info Yes No
TipRanks info No No
Acuity Trading info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

If you’re a beginner comparing XTB and HYCM for forex and CFD education, XTB offers more depth and structure. XTB runs online client webinars at least once a month, has 10+ beginner videos and 10+ advanced videos, and holds a 5-star Education rating (ranked #11 of 63 by ForexBrokers.com). HYCM provides at least 10 beginner videos but does not host regular educational webinars and does not meet the 10+ advanced video mark; it carries a 3.5-star Education rating (ranked #27 of 63).

In simple terms, choose XTB if you want an ongoing learning path with live webinars, beginner-friendly videos, and advanced trading education as you progress. HYCM can suit newcomers who mainly want beginner videos to get started, but its education is more limited for moving beyond the basics and there are no monthly webinars for live learning.

Feature XTB logoXTB
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 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’s offers comprehensive educational content and market research.

Feature XTB logoXTB
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Overall Rating info 5/5 Stars 4/5 Stars
Trust Score info 96 86
Range of Investments 5/5 Stars 4/5 Stars
Trading Fees 4.5/5 Stars 4.5/5 Stars
Trading Platforms 4.5/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Education 4.5/5 Stars 4/5 Stars

FAQs

Can you trade cryptocurrency with XTB or HYCM (Henyep Capital Markets)?

In a comparison of XTB vs HYCM (Henyep Capital Markets), neither broker allows purchasing actual delivered cryptocurrency, but both offer cryptocurrency CFDs for trading.

What funding options does each broker offer?

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.

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Overall Rating XTB HYCM (Henyep Capital Markets)
Overall Rating info 5/5 Stars 4/5 Stars
Trading Fees 4.5/5 Stars 4.5/5 Stars
Range of Investments 5/5 Stars 4/5 Stars
Trading Platforms 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 4/5 Stars
Trust Score info 96 86
Winner check_circle
Review XTB Review HYCM (Henyep Capital Markets) Review
Broker Screenshots XTB HYCM (Henyep Capital Markets)
Broker Gallery (click to expand) info
XTB xStation mobile trading app sentiment XTB xStation 5 web platform XTB website news headlines and sentiment. XTB educational course intermediate article lesson details
HYCM MT5 desktop trading platform HYCM client portal Analyst Views market analysis HYCM YouTube channel videos.
Regulation XTB HYCM (Henyep Capital Markets)
Trust Score info 96 86
Year Founded info 2002 1977
Publicly Traded (Listed) info Yes No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes No info
Tier-1 Licenses info 2 2
Tier-2 Licenses info 2 1
Tier-3 Licenses info 1 0
Tier-4 Licenses info 2 1
Tier-1 Licenses (Highly Trusted) XTB HYCM (Henyep Capital Markets)
Australia (ASIC Authorised) info No No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No Yes
Japan (FSA Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info Yes 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) XTB 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 info Yes
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments XTB HYCM (Henyep Capital Markets)
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 10900 info 1199
Forex Pairs (Total) info 71 70
U.S. Stocks (Shares) info Yes Yes
Global Stocks (Non-U.S. Shares) info Yes Yes
Copy Trading info No No
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) 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 XTB HYCM (Henyep Capital Markets)
Average spread (EUR/USD) - Standard account info 0.92 info 1.3 info
All-in Cost EUR/USD - Active info 0.92 info 0.6 info
Inactivity Fee info Yes No
Order execution: Agency info Yes Yes
Order execution: Market Maker info Yes Yes
Funding XTB HYCM (Henyep Capital Markets)
Minimum Deposit info $0 info $20
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info No No
Trading Platforms XTB HYCM (Henyep Capital Markets)
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info No No
MetaTrader 4 (MT4) info No Yes
MetaTrader 5 (MT5) info No Yes
cTrader info No No
Trading Tools XTB HYCM (Henyep Capital Markets)
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 39 30
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading XTB HYCM (Henyep Capital Markets)
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info No No
Mobile Charting - Indicators / Studies info 39 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes
Mobile Research - Economic Calendar info Yes Yes
Research XTB HYCM (Henyep Capital Markets)
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central info No Yes
TipRanks info No No
Client sentiment data info Yes No
Economic Calendar info Yes Yes
Education XTB 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 XTB HYCM (Henyep Capital Markets)
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review XTB Review HYCM (Henyep Capital Markets) Review
Overall XTB HYCM (Henyep Capital Markets)
Overall Rating info 5/5 Stars 4/5 Stars
Trading Fees 4.5/5 Stars 4.5/5 Stars
Range of Investments 5/5 Stars 4/5 Stars
Trading Platforms 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Education 4.5/5 Stars 4/5 Stars
Trust Score info 96 86
Winner check_circle
Review XTB Review HYCM (Henyep Capital Markets) Review
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