FOREX.com 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 FOREX.com and HYCM (Henyep Capital Markets)? Our independent database powered by our unbiased research will help you compare FOREX.com 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 FOREX.com?
FOREX.com has a Trust Score of 99, 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 FOREX.com a good broker?
FOREX.com, part of the StoneX Group, is a highly trusted brand with a long history of offering forex in the U.S. and across the globe. We love FOREX.com's flagship trading platforms for web and desktop (TradingView's powerful charting is fully integrated within the broker's web platform), and MetaTrader loyalists will appreciate that FOREX.com offers both MetaTrader 4 and MetaTrader 5. An impressive number of CFDs are available within the broker's proprietary platform (though fewer are available on MetaTrader). FOREX.com's pricing is great for active traders, but our research found that FOREX.com is slightly expensive compared to the industry average. Overall, FOREX.com is a well-balanced choice for traders of all experience levels.
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. FOREX.com holds regulatory licenses in the following Tier-1 jurisdictions: Australia (ASIC Authorised), Canada (CIRO Authorised), Japan (SFC Authorised), Singapore (MAS Authorised), United Kingdom (U.K.) (FCA Authorised) and USA (CFTC Authorized). 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 CBI Authorised (Ireland), New Zealand (FMA Authorised) and Switzerland (FINMA Authorised)
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, both FOREX.com and HYCM (Henyep Capital Markets) are Cyprus (CySEC Authorised) and UAE (DFSA/Central Bank Authorised).. Neither have China (CBRC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised), South Africa (FSCA Authorised) and Thailand (SEC Authorised). When comparing tier-3 licenses both FOREX.com and HYCM (Henyep Capital Markets) are Cayman Islands (CIMA Authorised).. Neither have Bahamas (SCB Authorised), Belize (FSC Authorised), Bermuda (BMA Authorised), British Virgin Islands (FSC 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 both FOREX.com and HYCM (Henyep Capital Markets) offer a Proprietary Platform and Desktop Platform (Windows). Neither have cTrader, DupliTrade and ZuluTrade
Does FOREX.com offer MetaTrader? Does HYCM (Henyep Capital Markets) offer MetaTrader?
Both FOREX.com 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 FOREX.com and HYCM (Henyep Capital Markets) differ in terms of minimum deposit? What about average spreads and funding options?
FOREX.com 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 FOREX.com supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and PayPal (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, FOREX.com 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 FOREX.com 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), Metals, Energies, Agriculturals, ETF and U.S. Stocks (CFD). Neither have Spread Betting and Social Trading / Copy Trading.
We also keep track of each broker’s total number of tradeable symbols; FOREX.com offers 5500, and HYCM (Henyep Capital Markets) offers a total of 1199 tradeable symbols.
Can I trade cryptocurrency with FOREX.com 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 FOREX.com nor HYCM (Henyep Capital Markets) allow you to trade physical cryptocurrencies.
Who offers more research tools, FOREX.com 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. FOREX.com delivers the following research tools: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources) and Trading Central (Recognia). 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 and Social Trading / Copy Trading
Overall winner: FOREX.com
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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.