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HYCM (Henyep Capital Markets) vs TeleTrade 2024

BrokerNotes.co

Written by BrokerNotes.co

August 24, 2023

Trying to decide between HYCM (Henyep Capital Markets) and TeleTrade? 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 TeleTrade.

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Compare

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Overall Rating HYCM (Henyep Capital Markets) TeleTrade
Overall Rating 7.9 / 10 7.1 / 10
Account Type HYCM (Henyep Capital Markets) TeleTrade
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) TeleTrade
Social Trading / Copy Trading info No Yes
DupliTrade info No No
ZuluTrade info No Yes
Cryptocurrency HYCM (Henyep Capital Markets) TeleTrade
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) TeleTrade
Forex Trading (Spot or CFDs) info Yes Yes
Mobile Trading - Forex or CFDs info Yes Yes
Indices (Index CFDs) HYCM (Henyep Capital Markets) TeleTrade
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) TeleTrade
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 No
ETF info No No
U.S. Stocks (CFD) info Yes Yes
Trading Platforms HYCM (Henyep Capital Markets) TeleTrade
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) TeleTrade
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
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes info
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Research, Education HYCM (Henyep Capital Markets) TeleTrade
Trading Central (Recognia) info Yes No
Forex News (Top-Tier Sources) info Yes Yes
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) TeleTrade
Minimum Deposit info $20 $100
Average Spread EUR/USD - Standard info 0.6 info N/A
All-in Cost EUR/USD - Active info 0.6 info N/A
Active Trader or VIP Discounts info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
PayPal (Deposit/Withdraw) info No No
Trading Tools HYCM (Henyep Capital Markets) TeleTrade
Watchlists - Total Fields info 7 7
Mobile Watchlist info Yes Yes
Charting - Indicators / Studies (Total) info 30 35
Mobile Charting - Indicators / Studies info 30 35
Trust Factors HYCM (Henyep Capital Markets) TeleTrade
Year Founded info 1977 1994
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 88 71
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HYCM (Henyep Capital Markets) vs TeleTrade 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 HYCM (Henyep Capital Markets) and TeleTrade? Our independent database powered by our unbiased research will help you compare HYCM (Henyep Capital Markets) vs TeleTrade 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 HYCM (Henyep Capital Markets)?

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

Can I trust TeleTrade?

TeleTrade has a Trust Score of 71, giving it a "Average Risk" Trust Score 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 TeleTrade a good broker?

Founded in 1994, TeleTrade offers the full MetaTrader suite (both MT4 and MT5) as well as its proprietary TeleTrade Analytics mobile app that delivers news and market analysis. However, TeleTrade holds just one regulatory license, bringing its Trust Score rating down.

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. HYCM (Henyep Capital Markets) holds regulatory licenses in the following Tier-1 jurisdictions: Hong Kong (SFC Authorised) and United Kingdom (U.K.) (FCA Authorised). TeleTrade, on the other hand, is licensed in these Tier-1 regulatory jurisdictions: 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 TeleTrade 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 TeleTrade 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?

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 HYCM (Henyep Capital Markets) offers a Proprietary Platform and Desktop Platform (Windows), whereas TeleTrade supports a Desktop Platform (Windows) and ZuluTrade. Neither have cTrader and DupliTrade

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

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

HYCM (Henyep Capital Markets) requires a minimum deposit of $20, while TeleTrade requires a minimum deposit of $100. You'll also want to make sure that your broker accepts the funding options and deposit methods that work best for you. In our testing, we've found that both HYCM (Henyep Capital Markets) and TeleTrade offer Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw) for deposits. Neither have PayPal (Deposit/Withdraw)

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

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 HYCM (Henyep Capital Markets) delivers a more diverse selection of investment options than TeleTrade, offering tradeable asset classes and investment types such as Forex Trading (Spot or CFDs), Metals, Energies, Agriculturals and U.S. Stocks (CFD). Neither have Spread Betting and ETF.

We also keep track of each broker’s total number of tradeable symbols; HYCM (Henyep Capital Markets) offers 1199, and TeleTrade offers a total of 500 tradeable symbols.

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

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 HYCM (Henyep Capital Markets) nor TeleTrade allow you to trade physical cryptocurrencies.

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

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. HYCM (Henyep Capital Markets) delivers the following research tools: Daily Market Commentary, Forex News (Top-Tier Sources) and Trading Central (Recognia). TeleTrade, on the other hand, provides the tools listed here: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources) and Social Trading / Copy Trading. Neither have Autochartist

Broker Reviews

Still looking for more information, read our broker reviews.

HYCM Review

Teletrade Review

Overall winner: HYCM (Henyep Capital Markets)

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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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