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HYCM (Henyep) vs GBE brokers 2023

BrokerNotes.co

Written by BrokerNotes.co

March 14, 2023

Trying to decide between HYCM (Henyep) 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) ranks more highly than GBE brokers.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% 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.

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Compare

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Overall Rating HYCM (Henyep) GBE brokers
Overall Rating 7.7 / 10 6.8 / 10
Account Type HYCM (Henyep) 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) GBE brokers
Social Trading / Copy Trading info No Yes
DupliTrade info No No
ZuluTrade info No No
Cryptocurrency HYCM (Henyep) GBE brokers
Cryptocurrency (Physical) info No No
Cryptocurrency (CFD) Yes Yes
Bitcoin info Yes Yes
ethereum info Yes Yes
Forex Trading (Spot or CFDs) HYCM (Henyep) GBE brokers
Forex Trading (Spot or CFDs) info Yes Yes
Mobile Trading - Forex or CFDs info Yes Yes
Indices (Index CFDs) HYCM (Henyep) 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) 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) 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) GBE brokers
Tier-1 Licenses info 2 0
Australia (ASIC Authorised) info No No
Canada (SRO Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes No
Hong Kong (SFC Authorised) info Yes No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
USA (CFTC Authorized) info No No
Tier-2 Licenses info 2 1
Tier-3 Licenses info 1 0
Research, Education HYCM (Henyep) 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) GBE brokers
Minimum Deposit info $100 $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) 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) 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 86 69
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HYCM (Henyep) 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) vs GBE brokers.

Can I trust HYCM (Henyep)?

HYCM (Henyep) has a trust score of 86, 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 69, giving it a "High Risk" trust label.

Is HYCM (Henyep) a good broker?

HYCM has a long history of offering share trading, forex, and CFD markets globally. A trusted broker that primarily offers the MetaTrader platform, HYCM delivers competitive pricing on its Raw account, as well as access to Trading Central and third-party plugins.

Is GBE brokers a good broker?

GBE Brokers is based in Cyprus and regulated by CySEC, but its lack of additional regulatory licenses drops GBE's Trust Score below the industry average. GBE Brokers does offer a fair range of markets with 500 available symbols, though this is fewer than what's offered by the best forex brokers.

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) is Hong Kong (SFC Authorised) and United Kingdom (U.K.) (FCA Authorised), while GBE brokers is none.. Neither have Australia (ASIC Authorised), Canada (SRO 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) 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) is Cayman Islands (CIMA Authorised), while GBE brokers is none.. 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?

For trading platforms HYCM (Henyep) 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) offer MetaTrader? Does GBE brokers offer MetaTrader?

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

HYCM (Henyep) requires a minimum deposit of $100, while GBE brokers requires a minimum deposit of $500. From our testing we found HYCM (Henyep) offers spreads of 0.6, while GBE brokers offers spreads of N/A. HYCM (Henyep) 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 brokers offers more tradeable asset classes, HYCM (Henyep) or GBE brokers?

HYCM (Henyep) 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) has 362, compared to 500 from GBE brokers.

Can I trade cryptocurrency with HYCM (Henyep) 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) nor GBE brokers allow you to trade physical cryptocurrencies.

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

In terms of research and research tools HYCM (Henyep) 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)

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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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