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 |
When comparing the commissions and fees of online brokers HYCM (Henyep Capital Markets) and Xtrade, it's clear that HYCM offers more competitive options. HYCM provides a Raw account with an attractive all-in cost of around 0.6 pips for the EUR/USD, after accounting for commissions. For those preferring a different structure, the Classic account has a variable spread starting from 1.2 pips, while their fixed-spread account offers a spread of 1.5 pips.
On the other hand, Xtrade does not provide readily available average spread data, making direct cost comparisons challenging. This lack of transparency may contribute to prospective users finding it difficult to gauge potential costs when trading with Xtrade.
In terms of star ratings for commissions and fees, HYCM is rated 4.5 out of 5 stars, reflecting its competitive offering. In contrast, Xtrade receives a substantially lower rating of 2.5 stars. Moreover, among 63 brokers ranked by ForexBrokers.com for commissions and fees, HYCM holds the 15th position, while Xtrade ranks at the bottom in 63rd place.
| Feature |
HYCM (Henyep Capital Markets)
|
Xtrade
|
|---|---|---|
| Minimum Deposit | $20 | $250 |
| Average Spread EUR/USD - Standard | 1.2 | N/A |
| All-in Cost EUR/USD - Active | 0.6 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | 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 available range of investments between HYCM (Henyep Capital Markets) and Xtrade, HYCM stands out with a broader selection of options. Both platforms provide forex trading as a CFD or spot contract, but HYCM offers a wider array of tradeable symbols, boasting 1,199 compared to Xtrade's 482. Forex enthusiasts will find more variety at HYCM with 70 tradeable forex pairs, surpassing Xtrade's 56 pairs. Additionally, HYCM allows for investments in exchange-traded securities on both U.S. and international exchanges, providing direct access to stocks like Apple and Vodafone, an option unavailable with Xtrade. Both brokers do offer cryptocurrency derivatives, although neither allows for actual cryptocurrency purchases.
In terms of overall investment range, HYCM secures a stronger position with a 4-star rating, while Xtrade receives 3.5 stars. This is reflected in their rankings by ForexBrokers.com, where HYCM is positioned at #33 out of 63 brokers, significantly ahead of Xtrade, which stands at #49. Despite both platforms not supporting copy trading, HYCM provides a more comprehensive investment array, appealing to traders who seek diverse asset options beyond the standard contracts for difference.
| 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. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| 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 HYCM (Henyep Capital Markets) and Xtrade, both brokers offer a free virtual demo account, allowing individuals to hone their trading skills without financial risk. Each has developed a proprietary platform to meet the unique needs of their clients. HYCM stands out by providing a downloadable Windows-based trading platform as well as the widely popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) software, whereas Xtrade does not. Both brokers support web-based trading, allowing traders to execute their trades through an internet browser, but neither supports copy trading or popular trading networks such as DupliTrade or ZuluTrade.
In terms of charting capabilities, HYCM provides 15 drawing tools, while Xtrade impressively tops this with 100. Both brokers facilitate trading directly from stock charts. Watch list customization is stronger with Xtrade, which supports 9 fields compared to HYCM's 7. Based on user ratings, HYCM scores better, with 4 out of 5 stars for their trading platforms and tools, whereas Xtrade garners 3.5 stars. Additionally, in a ranking by ForexBrokers.com, HYCM is positioned at #40 out of 63 brokers, showing a stronger performance than Xtrade, which ranks at #58. This suggests that HYCM may offer a more versatile and widely preferred trading platform experience.
| Feature |
HYCM (Henyep Capital Markets)
|
Xtrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | N/A |
| Charting - Drawing Tools (Total) | 15 | 100 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both HYCM (Henyep Capital Markets) and Xtrade offer iPhone and Android apps for mobile trading, making it convenient for traders to engage in the market on the go. One key difference lies in alerts, as HYCM provides stock and forex price alerts, while Xtrade does not offer this feature. When it comes to technical analysis, HYCM offers 30 technical studies and allows trendline drawing on charts, alongside the ability to view multiple time frames such as daily, weekly, or intraday, all of which enhance the experience for technical traders. While HYCM's app auto-saves chart drawings, Xtrade lacks both the chart drawing and auto-saving functionality.
Both platforms fall short by not offering watchlist syncing between mobile apps and online accounts, but HYCM offers the ability to create a watchlist with real-time quotes, a feature absent from Xtrade's app. Despite their differences, both brokerages receive a solid 4-star rating for their mobile apps. However, HYCM ranks higher in the ForexBrokers.com listing, sitting at #37 out of 63 brokers, compared to Xtrade, which is positioned at #53. Overall, HYCM's mobile app appears to cater more efficiently to traders seeking comprehensive tools and greater flexibility in mobile trading.
| Feature |
HYCM (Henyep Capital Markets)
|
Xtrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
Both HYCM (Henyep Capital Markets) and Xtrade provide traders with daily market commentary and reliable forex news from industry-leading sources such as Bloomberg, Reuters, and Dow Jones. While neither broker offers tools from Autochartist or provides market research through TipRanks or Acuity Trading, they both enhance their offerings with economic calendars that display crucial global news events. When it comes to technical analysis, HYCM has an advantage, featuring tools from Trading Central, which Xtrade does not offer.
In terms of research quality, both HYCM and Xtrade receive a rating of 3.5 out of 5 stars. However, they differ significantly in their rankings by ForexBrokers.com, with HYCM positioned at #35 out of 63 brokers, while Xtrade is ranked at #52. This suggests that while both brokers deliver comparable services, HYCM may offer a slightly better research experience overall, particularly with its inclusion of Trading Central tools.
| Feature |
HYCM (Henyep Capital Markets)
|
Xtrade
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For those just starting out with online trading, both HYCM (Henyep Capital Markets) and Xtrade provide a range of educational resources. HYCM offers a comprehensive suite of beginner-friendly videos that can serve as a helpful guide for newcomers. In contrast, while both platforms offer at least ten educational pieces on forex and CFDs, Xtrade lacks these beginner-specific videos. Additionally, HYCM enriches its users' experience with a searchable archive of recorded webinars, a feature not available with Xtrade. Both brokers do, however, provide an investor dictionary with definitions of over 50 investment terms, aiding users in building a solid foundation in trading terminology.
Neither HYCM nor Xtrade host live monthly webinars, which might be a downside for those who prefer real-time guided learning. They both receive a 3.5-star rating for their educational offerings and include a collection of basic educational articles and videos. However, Xtrade lags behind HYCM in terms of industry ranking for educational resources, coming in at 46 out of 63 brokers compared to HYCM’s 32nd place. This suggests that HYCM might hold a slight edge for beginners seeking a broker with more well-rounded and accessible educational content.
| Feature |
HYCM (Henyep Capital Markets)
|
Xtrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | Yes |
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)
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Xtrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 74 |
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Both HYCM (Henyep Capital Markets) and Xtrade do not offer the ability to purchase actual delivered cryptocurrency, but they do provide options for trading cryptocurrency derivatives.
Both HYCM (Henyep Capital Markets) and Xtrade do not support ACH, SEPA, or PayPal for deposits or withdrawals, but they do offer Skrill, Visa, Mastercard, and bank wire transfers as funding options for their trading accounts.
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) | No | No | |
| 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) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| 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. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| 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 | HYCM (Henyep Capital Markets) | Xtrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | 0.6 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| 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 | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | HYCM (Henyep Capital Markets) | Xtrade | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | HYCM (Henyep Capital Markets) | Xtrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 7 | 9 | |
| Charting - Indicators / Studies (Total) | 30 | N/A | |
| Charting - Drawing Tools (Total) | 15 | 100 | |
| 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 Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | No |
| Research | HYCM (Henyep Capital Markets) | Xtrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | Xtrade | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | Xtrade | |
|---|---|---|---|
| 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 | 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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