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HYCM (Henyep Capital Markets) vs GBE brokers 2023

BrokerNotes.co

Written by BrokerNotes.co

August 24, 2023

Trying to decide between HYCM (Henyep Capital Markets) and GBE brokers? 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, HYCM (Henyep Capital Markets) ranks more highly than GBE brokers.

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Compare

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Overall Rating HYCM (Henyep Capital Markets) GBE brokers
Overall Rating 7.7 / 10 6.8 / 10
Account Type HYCM (Henyep Capital Markets) GBE brokers
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 No
Copy Trading HYCM (Henyep Capital Markets) GBE brokers
Social Trading / Copy Trading info No Yes
DupliTrade info No No
ZuluTrade info No No
Cryptocurrency HYCM (Henyep Capital Markets) GBE brokers
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes Yes
Bitcoin info Yes Yes
ethereum info Yes Yes
Forex Trading (Spot or CFDs) HYCM (Henyep Capital Markets) GBE brokers
Forex Trading (Spot or CFDs) info Yes Yes
Mobile Trading - Forex or CFDs info Yes Yes
Indices (Index CFDs) HYCM (Henyep Capital Markets) GBE brokers
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 HYCM (Henyep Capital Markets) GBE brokers
Forex Trading (Spot or CFDs) info Yes Yes
Spread Betting info No No
Social Trading / Copy Trading info No Yes
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 HYCM (Henyep Capital Markets) GBE brokers
Apple iOS App info Yes Yes
Android App info Yes Yes
Proprietary Platform info Yes No
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 HYCM (Henyep Capital Markets) GBE brokers
Tier-1 Licenses info 3 1
Australia (ASIC Authorised) info No No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info Yes No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
European Union Authorised (MiFID) info Yes info Yes info
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Research, Education HYCM (Henyep Capital Markets) GBE brokers
Trading Central (Recognia) info Yes No
Forex News (Top-Tier Sources) info Yes No
Daily Market Commentary info Yes Yes
Autochartist info No No
Investor Dictionary (Glossary) info Yes No
Videos - Beginner Trading Videos info Yes No
Client Webinars (Archived) info Yes No
Trading Costs HYCM (Henyep Capital Markets) GBE brokers
Minimum Deposit info $20 $500
Average Spread EUR/USD - Standard info 0.6 info N/A info
All-in Cost EUR/USD - Active info 0.6 info N/A info
Active Trader or VIP Discounts info Yes No
Bank Wire (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
PayPal (Deposit/Withdraw) info No Yes
Trading Tools HYCM (Henyep Capital Markets) GBE brokers
Watchlists - Total Fields info 7 7
Mobile Watchlist info Yes Yes
Charting - Indicators / Studies (Total) info 30 30
Mobile Charting - Indicators / Studies info 30 30
Trust Factors HYCM (Henyep Capital Markets) GBE brokers
Year Founded info 1977 2013
Publicly Traded (Listed) info No No
Bank info No No
European Union Authorised (MiFID) info Yes info Yes info
Trust Score info 88 71
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HYCM (Henyep Capital Markets) vs GBE brokers Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare HYCM (Henyep Capital Markets) vs GBE brokers.

Can I trust HYCM (Henyep Capital Markets)?

HYCM (Henyep Capital Markets) has a trust score of 88, giving it a "Trusted" trust label. Here's what each trust score label means:

  • "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
  • "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
  • "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
  • "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are – in most cases – operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
  • "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a “Do Not Trust” rating.

Can I trust GBE brokers?

GBE brokers has a trust score of 71, giving it a "Average Risk" trust label.

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.

Is GBE brokers a good broker?

Founded in 2013 and based in Cyprus, GBE Brokers offers the full MetaTrader suite (both MT4 and MT5) as well as a decent range of markets (500 available symbols). That said, GBE's lack of significant regulatory licenses (outside of Cyprus) brings down its overall Trust Score rating.

What Tier-1 jurisdictions is each broker regulated in?

Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. HYCM (Henyep Capital Markets) is Hong Kong (SFC Authorised) and United Kingdom (U.K.) (FCA Authorised), while GBE brokers is none.. Neither have Australia (ASIC Authorised), Canada (CIRO Authorised), CBI Authorised (Ireland), Japan (SFC Authorised), 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, HYCM (Henyep Capital Markets) is Cyprus (CySEC Authorised) and UAE (DFSA/Central Bank Authorised), while GBE brokers is Cyprus (CySEC 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 HYCM (Henyep Capital Markets) is Cayman Islands (CIMA Authorised), while GBE brokers is British Virgin Islands (FSC 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?

For trading platforms HYCM (Henyep Capital Markets) supports a Proprietary Platform and Desktop Platform (Windows), whereas GBE brokers supports a Desktop Platform (Windows).. Neither have cTrader, DupliTrade and ZuluTrade

Does HYCM (Henyep Capital Markets) offer MetaTrader? Does GBE brokers offer MetaTrader?

Both HYCM (Henyep Capital Markets) and GBE brokers 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 HYCM (Henyep Capital Markets) and GBE brokers differ in terms of minimum deposit? What about average spreads and funding options?

HYCM (Henyep Capital Markets) requires a minimum deposit of $20, while GBE brokers requires a minimum deposit of $500. From our testing we found HYCM (Henyep Capital Markets) offers spreads of 0.6, while GBE brokers offers spreads of N/A. HYCM (Henyep Capital Markets) supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw) for popular funding options, where GBE brokers supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw).

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

HYCM (Henyep Capital Markets) offers a more diverse selection of investment options than GBE brokers allowing you to trade Forex Trading (Spot or CFDs), Metals, Energies, Agriculturals and U.S. Stocks (CFD).. Neither have Spread Betting and ETF Looking at total tradeable symbols, HYCM (Henyep Capital Markets) has 1199, compared to 500 from GBE brokers.

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

Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative — including spot forex contracts. In terms of trading physical cryptocurrency neither HYCM (Henyep Capital Markets) nor GBE brokers allow you to trade physical cryptocurrencies.

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

In terms of research and research tools HYCM (Henyep Capital Markets) gives traders the following tools: Daily Market Commentary, Forex News (Top-Tier Sources) and Trading Central (Recognia). In comparison GBE brokers has the tools listed here: Daily Market Commentary, Stock Charts and Social Trading / Copy Trading.. Neither have Autochartist

Broker Reviews

Still looking for more information, read our broker reviews.

HYCM Review

GBE Brokers Review

Overall winner: HYCM (Henyep Capital Markets)

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announcementPlease 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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