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AvaTrade vs HYCM (Henyep Capital Markets) 2024

BrokerNotes.co

Written by BrokerNotes.co

August 24, 2023

Trying to decide between AvaTrade and HYCM (Henyep Capital Markets)? We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, AvaTrade ranks more highly than HYCM (Henyep Capital Markets).

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Compare

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Overall Rating AvaTrade HYCM (Henyep Capital Markets)
Overall Rating star 8.7 /10 star 7.9 /10
Offering of Investments star 7.5 /10 star 7.5 /10
Commissions & Fees star 9.0 /10 star 8.5 /10
Platform & Tools star 8.5 /10 star 7.5 /10
Research star 7.5 /10 star 7.5 /10
Mobile Trading star 8.5 /10 star 7.5 /10
Education star 10 /10 star 7.0 /10
Account Type AvaTrade HYCM (Henyep Capital Markets)
Standard Trade Size (100,000 units) info Yes Yes
Mini Trade Size (10,000 units) info Yes Yes
Micro Trade Size (1,000 units) info Yes Yes
Islamic Account info Yes Yes
Deposit/Withdrawal Options AvaTrade HYCM (Henyep Capital Markets)
Minimum Deposit info $100 $20
Bank Wire (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
PayPal (Deposit/Withdraw) info Yes No
ACH or SEPA Transfers info No No
Copy Trading AvaTrade HYCM (Henyep Capital Markets)
Social Trading / Copy Trading info Yes No
DupliTrade info Yes No
ZuluTrade info Yes No
Cryptocurrency AvaTrade HYCM (Henyep Capital Markets)
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes Yes
Bitcoin info Yes Yes
Ethereum info Yes Yes
Forex Trading (Spot or CFDs) AvaTrade HYCM (Henyep Capital Markets)
Forex Trading (Spot or CFDs) info Yes Yes
Mobile Trading - Forex or CFDs info Yes Yes
Indices (Index CFDs) AvaTrade HYCM (Henyep Capital Markets)
DAX info Yes Yes
Dow Jones info Yes Yes
FTSE info Yes Yes
NASDAQ 100 info Yes Yes
Nikkei info Yes Yes
SP 500 info Yes Yes
Investments AvaTrade HYCM (Henyep Capital Markets)
Forex Trading (Spot or CFDs) info Yes Yes
Spread Betting info Yes No
Social Trading / Copy Trading info Yes No
Metals info Yes Yes
Energies info Yes Yes
Agriculturals info Yes Yes
ETF info No No
U.S. Stocks (CFD) info Yes Yes
Trading Platforms AvaTrade HYCM (Henyep Capital Markets)
Apple iOS App info Yes Yes
Android App info Yes Yes
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
Regulatory Licenses AvaTrade HYCM (Henyep Capital Markets)
Tier-1 Licenses info 4 3
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info Yes No
Hong Kong (SFC Authorised) info No Yes
Japan (SFC Authorised) info Yes No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info No 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 info Yes info
Tier-2 Licenses info 3 1
Tier-3 Licenses info 0 0
Research, Education AvaTrade HYCM (Henyep Capital Markets)
Trading Central (Recognia) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Daily Market Commentary info Yes Yes
Autochartist info No No
Investor Dictionary (Glossary) info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Client Webinars (Archived) info Yes Yes
Trading Costs AvaTrade HYCM (Henyep Capital Markets)
Minimum Deposit info $100 $20
Average Spread EUR/USD - Standard info 0.92 info 0.6 info
All-in Cost EUR/USD - Active info 0.61 info 0.6 info
Active Trader or VIP Discounts info Yes Yes
Trading Tools AvaTrade HYCM (Henyep Capital Markets)
Watchlists - Total Fields info 7 7
Mobile Watchlist info Yes Yes
Charting - Indicators / Studies (Total) info 80 30
Mobile Charting - Indicators / Studies info 73 30
Trust Factors AvaTrade HYCM (Henyep Capital Markets)
Year Founded info 2006 1977
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Trust Score info 94 88
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AvaTrade vs HYCM (Henyep Capital Markets) Comparison

Comparing forex brokers side by side is no easy task. Our research team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Trying to decide between AvaTrade and HYCM (Henyep Capital Markets)? Our independent database powered by our unbiased research will help you compare AvaTrade vs HYCM (Henyep Capital Markets) side-by-side.

What is Trust Score?

Trust Score is a data-driven rating system that provides an at-a-glance rating of a broker’s overall trust by tracking 60+ brokers and over 100 regulatory jurisdictions across the globe. To make things clearer for everyday traders, we’ve created a five-tier system for regulators and Trust Score rating labels. Learn more about Trust Score, and check out our country guides to see the most trusted brokers in your country of residence.

Can I trust AvaTrade?

AvaTrade has a Trust Score of 94, giving it a "Highly Trusted" Trust Score Label.

Can I trust HYCM (Henyep Capital Markets)?

HYCM (Henyep Capital Markets) has a Trust Score of 88, giving it a "Trusted" Trust Score Label.

Is AvaTrade a good broker?

AvaTrade is a well-rounded, highly trusted broker that offers excellent educational resources for beginner forex traders and great tools for social copy trading. AvaTrade's commissions and market research are close to the industry average, and traders gain access to AvaTrade's proprietary platforms as well as third-party favorites like MetaTrader 4 and MetaTrader 5.

Is HYCM (Henyep Capital Markets) a good broker?

Founded in 1977, HYCM is a trusted broker licensed in multiple Tier-1 regulatory jurisdictions with a long history of offering share trading, forex, and CFD trading. Traders at HYCM can use the HYCM Trader mobile app, the full MetaTrader suite (MT4 and MT5), as well as third-party tools like Trading Central. HYCM delivers competitive pricing on its Raw account, but the broker's research and educational resources have room to improve.

What Tier-1 jurisdictions is each broker regulated in?

Tier-1 is reserved for the strictest, most stringent regulatory jurisdictions in the world. Tier-1 regulators impose additional capital requirements and require a tougher initial screening process. AvaTrade holds regulatory licenses in the following Tier-1 jurisdictions: Australia (ASIC Authorised), Canada (CIRO Authorised), CBI Authorised (Ireland) and Japan (SFC Authorised). HYCM (Henyep Capital Markets), on the other hand, is licensed in these Tier-1 regulatory jurisdictions: Hong Kong (SFC Authorised) and United Kingdom (U.K.) (FCA Authorised). Neither have Singapore (MAS Authorised), New Zealand (FMA Authorised), Switzerland (FINMA Authorised) and USA (CFTC Authorized)

What Tier-2 jurisdictions is each broker regulated in? What about Tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, AvaTrade is Cyprus (CySEC Authorised), Israel (ISA Authorised), South Africa (FSCA Authorised) and UAE (DFSA/Central Bank Authorised), while HYCM (Henyep Capital Markets) is Cyprus (CySEC Authorised) and UAE (DFSA/Central Bank Authorised).. Neither have China (CBRC Authorised), India (SEBI Authorised), Russia (CBR Authorised) and Thailand (SEC Authorised). When comparing tier-3 licenses AvaTrade is British Virgin Islands (FSC Authorised), while HYCM (Henyep Capital Markets) is Cayman Islands (CIMA Authorised).. Neither have Bahamas (SCB Authorised), Belize (FSC Authorised), Bermuda (BMA Authorised), Mauritius (FSC Authorised) and Vanuatu (VFSC Authorised).

Which broker offers more trading platforms?

Whether your broker develops its own proprietary platforms or provides access to popular third-party platforms, you should make sure you can use your preferred type of trading platform. In our testing, we found that AvaTrade offers a Proprietary Platform, Desktop Platform (Windows), DupliTrade and ZuluTrade, whereas HYCM (Henyep Capital Markets) supports a Proprietary Platform and Desktop Platform (Windows). Neither have cTrader

Does AvaTrade offer MetaTrader? Does HYCM (Henyep Capital Markets) offer MetaTrader?

Both AvaTrade and HYCM (Henyep Capital Markets) offer the whole MetaTrader suite, which consists of both MetaTrader 4 and MetaTrader 5. If you’re new to MetaTrader 4 here’s our educational guide on how to use MT4.

How do AvaTrade and HYCM (Henyep Capital Markets) differ in terms of minimum deposit? What about average spreads and funding options?

AvaTrade requires a minimum deposit of $100, while HYCM (Henyep Capital Markets) requires a minimum deposit of $20. It's also important to ensure your broker accepts the funding options and deposit methods that work best for you. In our research, we've found that AvaTrade supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for funding and deposit methods, whereas HYCM (Henyep Capital Markets) supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw)

Which broker offers more tradeable asset classes, AvaTrade or HYCM (Henyep Capital Markets)?

When choosing a forex broker, it’s important to consider each broker’s available investment products and tradeable asset classes. We’ve researched each broker’s individual offering of investments to help you pick the right broker for what you want to trade. During our testing, we found that AvaTrade delivers a more diverse selection of investment options than HYCM (Henyep Capital Markets), offering tradeable asset classes and investment types such as Forex Trading (Spot or CFDs), Spread Betting, Social Trading / Copy Trading, Metals, Energies, Agriculturals and U.S. Stocks (CFD). Neither have ETF.

We also keep track of each broker’s total number of tradeable symbols; AvaTrade offers 1260, and HYCM (Henyep Capital Markets) offers a total of 1199 tradeable symbols.

Can I trade cryptocurrency with AvaTrade or HYCM (Henyep Capital Markets)?

Crypto trading has become popular among forex traders across a range of international jurisdictions. As a result, many forex brokers now offer crypto products to their clients; most crypto assets are offered either as an underlying physical asset (such as when you own actual bitcoin assets, for example) or as a derivative product like a CFD. If you are looking to trade physical cryptocurrencies, you’ll find that neither AvaTrade nor HYCM (Henyep Capital Markets) allow you to trade physical cryptocurrencies.

Who offers more research tools, AvaTrade or HYCM (Henyep Capital Markets)?

Market research plays a huge role in any forex trader’s ability to conduct analysis within the global forex market. We test each broker’s research offering to help you decide which broker is right for your technical or fundamental analysis needs. AvaTrade delivers the following research tools: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources), Trading Central (Recognia) and Social Trading / Copy Trading. HYCM (Henyep Capital Markets), on the other hand, provides the tools listed here: Daily Market Commentary, Forex News (Top-Tier Sources) and Trading Central (Recognia). Neither have Autochartist

Broker Reviews

Still looking for more information, read our broker reviews.

AvaTrade Review

HYCM Review

Overall winner: AvaTrade

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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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