HYCM (Henyep Capital Markets) vs ActivTrades 2024

HYCM is not publicly traded and does operate a bank. HYCM is authorised by three Tier-1 regulators (Highly Trusted), one Tier-2 regulator (Trusted), zero Tier-3 regulators (Average Risk), and one tier-4 regulator (High Risk). HYCM is authorised by the following Tier-1 regulators: the Securities Futures Commission (SFC), Financial Conduct Authority (FCA), and regulated in the European Union via the MiFID passporting system.

HYCM is a trusted brand that offers a straightforward MetaTrader platform experience. Its Raw account delivers competitive pricing, and traders gain access to third-party modules from Trading Central as well as exchange-traded securities (available through a separate platform). That said, HYCM offers a narrow range of symbols to forex and CFD traders.

ActivTrades is a long-standing brand that offers a proprietary trading platform, ActivTrader, and support for the award-winning TradingView and MetaTrader (MT4 and MT5) platforms. ActivTrades also delivers a selection of custom add-ons, indicators, and trading tools for traders who prefer to use MetaTrader. Drawbacks for trading with ActivTrades include a smaller selection of tradeable symbols and fewer educational resources than what’s available from the best forex brokers.

To open a trading account with HYCM (Henyep Capital Markets), you'll need to make an initial minimum deposit of $20.

ActivTrades requires a minimum deposit of 0 before you can open an account and start trading.

It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. Both HYCM (Henyep Capital Markets) and ActivTrades offer Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw). Neither have PayPal (Deposit/Withdraw).

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that HYCM (Henyep Capital Markets) offers better pricing overall for traders.

Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.

At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that Both HYCM (Henyep Capital Markets) and ActivTrades hold 2 global Tier-1 licenses. Both HYCM (Henyep Capital Markets) and ActivTrades hold 1 global Tier-2 licenses.

After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that HYCM (Henyep Capital Markets) (86) earned a higher Trust Score than ActivTrades (81).

To compare the trading platforms of both HYCM (Henyep Capital Markets) and ActivTrades, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, ActivTrades offers a better experience. With research, ActivTrades offers superior market research. Finally, we found ActivTrades to provide better mobile trading apps.

Here’s what trading platforms are available at HYCM (Henyep Capital Markets):

• Proprietary Platform - Yes
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - Yes
• MT5 - Yes
• ZuluTrade - No
• TradingView - No

Here’s what trading platforms are available at ActivTrades:

• Proprietary Platform - Yes
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - Yes
• MT5 - Yes
• ZuluTrade - No
• TradingView - Yes

The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Both HYCM (Henyep Capital Markets) and ActivTrades offer MetaTrader 4 (MT4). Forex traders also appreciate the ability to engage in social copy trading. While ActivTrades offers copy trading, HYCM (Henyep Capital Markets) does not.

HYCM (Henyep Capital Markets) provides traders 70 currency pairs (e.g., EUR/USD) compared to ActivTrades's 49 available pairs. If you are interested in trading a full range of securities, ActivTrades offers traders access to 1267 tradeable symbols, while HYCM (Henyep Capital Markets) offers access to 1199 tradeable symbols; so ActivTrades offers 68 more tradeable symbols than HYCM (Henyep Capital Markets).

We found in our testing that ActivTrades offers a more diverse selection of investment options than HYCM (Henyep Capital Markets), allowing you to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Int'l Stock Trading (Non CFD) and Cryptocurrency (Derivative). Neither have Cryptocurrency (Physical).