Written by ForexBrokers.com
In this head to head comparison of HYCM (Henyep Capital Markets) vs Xtrade, 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 comparing online brokers, HYCM (Henyep Capital Markets) and Xtrade stand out with their distinct histories and regulatory credentials. Founded in 1977, HYCM has established itself over decades and holds a ForexBrokers.com Trust Score of 86, indicating a trusted status. With two Tier-1 highly trusted licenses and one Tier-2 trusted license, HYCM presents a firm regulatory framework for traders seeking a reliable partner. Despite not being publicly traded or a bank, HYCM's long-standing presence and regulatory strength underline its commitment to providing secure trading environments.
Xtrade, which began its operations in 2003, has developed a ForexBrokers.com Trust Score of 74, marking it as a broker with an average risk profile. Xtrade holds one Tier-1 highly trusted license and one Tier-2 trusted license, ensuring a reasonable level of oversight for its clients. While also not publicly traded or a bank, Xtrade offers a decade-rich experience in the trading landscape. Both brokers cater to individuals seeking robust trading solutions, but their differences in Trust Scores and licenses could influence a trader's selection based on the level of regulatory assurance they prefer.
| Feature |
HYCM (Henyep Capital Markets)
|
Xtrade
|
|---|---|---|
| Year Founded | 1977 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
Comparing commissions and fees, HYCM (Henyep Capital Markets) publishes clear pricing across multiple account types, which makes cost expectations easier. Its Raw account is the most cost-effective for active traders, with an all‑in cost around 0.6 pips on EUR/USD after commission. The Classic account has a variable spread starting from 1.2 pips, while the fixed‑spread account lists a steady 1.5 pips. By contrast, Xtrade does not provide average spread data publicly, so it’s harder to estimate what you’ll actually pay on typical trades.
Given the available information, HYCM’s disclosed pricing suggests better transparency and potentially lower trading costs on major pairs like EUR/USD, though your actual results will depend on market conditions and the account you choose. Xtrade’s lack of published averages means cost comparisons require live-platform checks or direct confirmation.
For commissions and fees, HYCM is rated 4.5 out of 5 stars and ranked 16th, while Xtrade is rated 2.5 out of 5 stars and ranked 64th.
| Feature |
HYCM (Henyep Capital Markets)
|
Xtrade
|
|---|---|---|
| Minimum Deposit | $20 | $250 |
| Average spread (EUR/USD) - Standard account | 1.2 | N/A |
| All-in Cost EUR/USD - Active | 0.6 | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
HYCM (Henyep Capital Markets) and Xtrade both offer forex trading (CFD or spot). HYCM provides a wider range overall, with 1,199 tradeable symbols and 70 forex pairs, compared with Xtrade’s 482 symbols and 56 pairs. HYCM also lets you buy exchange-traded securities (not CFDs) on U.S. and international exchanges—so you can purchase actual shares like Apple or Vodafone—while Xtrade does not offer direct share dealing. Both brokers do not support copy trading or buying real (delivered) cryptocurrency, but each offers cryptocurrency CFDs.
For range of investments, HYCM is rated 4 stars and ranks #34 out of 63 brokers, while Xtrade is rated 3.5 stars and ranks #50. If you want a larger selection and the option to trade real shares alongside CFDs, HYCM stands out. If you’re mainly focused on CFD trading and need fewer markets, Xtrade can still fit the bill.
| Feature |
HYCM (Henyep Capital Markets)
|
Xtrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 482 |
| Forex Pairs (Total) | 70 | 56 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| 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.
HYCM (Henyep Capital Markets) and Xtrade both make it easy to try before you trade with free virtual demo accounts, and each offers an in-house, proprietary platform. HYCM stands out for platform choice: it supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), provides a Windows desktop download, and also has a web-based platform. Xtrade offers a web-based platform and its own proprietary experience, but it does not have a Windows desktop download and does not support MetaTrader. Neither broker offers copy trading, and both let you place orders directly from price charts.
In our Trading Platforms and Tools ratings, HYCM scores 4 stars and ranks #41 out of 63 brokers on ForexBrokers.com, while Xtrade scores 3.5 stars and ranks #59. If you want MetaTrader plus a desktop app, HYCM is the clearer fit; if you prefer a streamlined, browser-based, proprietary platform, Xtrade may suit your needs. Either way, the demo account at each broker is a simple way to test the platform’s feel and features.
| Feature |
HYCM (Henyep Capital Markets)
|
Xtrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Copy Trading | No | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 30 | N/A |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both HYCM (Henyep Capital Markets) and Xtrade offer mobile trading apps for iPhone and Android. If price alerts matter to you, HYCM has them while Xtrade does not. Watchlist syncing between the mobile app and your online account isn’t available at either broker, so changes made on one device won’t carry over automatically.
For charting, HYCM stands out with 30 technical studies, the ability to draw trendlines, and automatic saving of your drawings. Xtrade does not list a count of technical studies, does not support trendline drawing, and does not auto-save chart annotations. Despite these differences, both receive 4 out of 5 stars for Mobile Trading Apps. In ForexBrokers.com’s rankings out of 63 brokers, HYCM sits at #38, while Xtrade is #54.
| Feature |
HYCM (Henyep Capital Markets)
|
Xtrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | No |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
HYCM (Henyep Capital Markets) and Xtrade both cover the essentials for market research. Each broker provides daily market commentary, an economic calendar, and forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones or similar. Neither broker includes Autochartist, a sentiment tool showing long/short ratios, TipRanks, or Acuity Trading tools, so traders looking for those extras won’t find them here.
The key difference is that HYCM adds Trading Central research tools, while Xtrade does not. Despite offering different toolsets, both brokers hold a 3.5 out of 5 research rating. That said, ForexBrokers.com ranks HYCM higher for Research (#36 of 63) than Xtrade (#53 of 63), which may tip the scale if Trading Central insights or a stronger overall ranking matter to you.
| Feature |
HYCM (Henyep Capital Markets)
|
Xtrade
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central | Yes | No |
| Client sentiment data | No | No |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For forex and CFD beginners, HYCM (Henyep Capital Markets) stands out by offering at least 10 beginner-focused trading videos, giving new traders a clearer starting point. Xtrade does not meet that mark for beginner videos. Neither broker runs monthly educational webinars, and neither provides 10 or more advanced videos, so live learning and deeper video study options are limited at both.
Both HYCM and Xtrade earn a 3.5 out of 5 education rating, but HYCM ranks higher at #32 out of 63 brokers for Education compared with Xtrade at #46. In practice, that means newcomers are likely to find HYCM’s learning experience more helpful, especially if you prefer video-based guidance while getting started with forex and CFD trading.
| Feature |
HYCM (Henyep Capital Markets)
|
Xtrade
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that HYCM (Henyep Capital Markets) is better than Xtrade. HYCM (Henyep Capital Markets) finished with an overall rank of #29, while Xtrade finished with an overall rank of #60.
HYCM is a trusted brand that offers a straightforward MetaTrader platform experience. Its Raw account delivers competitive pricing, and traders gain access to third-party modules from Trading Central as well as exchange-traded securities (available through a separate platform). That said, HYCM offers a narrow range of symbols to forex and CFD traders.
| Feature |
HYCM (Henyep Capital Markets)
|
Xtrade
|
|---|---|---|
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| Trust Score | 86 | 74 |
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Comparing online brokers HYCM (Henyep Capital Markets) and Xtrade for cryptocurrency trading: neither offers buying actual (delivered) cryptocurrencies, but both provide access to cryptocurrency CFDs for speculative trading.
HYCM (Henyep Capital Markets) and Xtrade both support deposits and withdrawals via Skrill and bank wire transfers, but do not offer ACH, SEPA, or PayPal options, making their funding methods similarly structured for traders.
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 | HYCM (Henyep Capital Markets) | Xtrade | |
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| Trust Score | 86 | 74 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | Xtrade Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | Xtrade | |
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| Regulation | HYCM (Henyep Capital Markets) | Xtrade | |
|---|---|---|---|
| Trust Score | 86 | 74 | |
| Year Founded | 1977 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | HYCM (Henyep Capital Markets) | Xtrade | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | HYCM (Henyep Capital Markets) | Xtrade | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | HYCM (Henyep Capital Markets) | Xtrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1199 | 482 | |
| Forex Pairs (Total) | 70 | 56 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| 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 | HYCM (Henyep Capital Markets) | Xtrade | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | 0.6 | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | HYCM (Henyep Capital Markets) | Xtrade | |
|---|---|---|---|
| Minimum Deposit | $20 | $250 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | HYCM (Henyep Capital Markets) | Xtrade | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No |
| Trading Tools | HYCM (Henyep Capital Markets) | Xtrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | No | |
| Charting - Indicators / Studies (Total) | 30 | N/A | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | HYCM (Henyep Capital Markets) | Xtrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | No | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | No |
| Research | HYCM (Henyep Capital Markets) | Xtrade | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central | Yes | No | |
| TipRanks | No | No | |
| Client sentiment data | No | No | |
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | Xtrade | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | Xtrade | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | HYCM (Henyep Capital Markets) Review | Xtrade Review |
| Overall | HYCM (Henyep Capital Markets) | Xtrade | |
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| Trust Score | 86 | 74 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | Xtrade Review |
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