Written by ForexBrokers.com
In this head to head comparison of HYCM (Henyep Capital Markets) vs Alpari, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% 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.
HYCM (Henyep Capital Markets), founded in 1977, offers a reliable choice for online trading, backed by a strong regulatory standing. It is not publicly traded nor a bank, but it holds two highly regarded Tier-1 licenses and an additional Tier-2 license, reflecting its credibility in the financial market. With a Trust Score of 86 from ForexBrokers.com, HYCM is categorized as a trusted broker, which provides a sense of security to traders seeking a well-regulated trading environment.
Established in 1998, Alpari presents a different regulatory profile. Like HYCM, it is neither publicly traded nor a bank, yet its regulatory credentials fall short in comparison. Alpari holds no Tier-1 or Tier-2 licenses and carries a Trust Score of 68, placing it in the high-risk category according to ForexBrokers.com. Prospective clients should consider these factors when choosing between these two online brokers, especially in terms of regulatory assurance and trustworthiness.
| Feature |
HYCM (Henyep Capital Markets)
|
Alpari
|
|---|---|---|
| Year Founded | 1977 | 1998 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 0 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing the commissions and fees of online brokers HYCM (Henyep Capital Markets) and Alpari, there are notable differences to consider. HYCM offers various account types with differing pricing structures. Their Raw account provides competitive pricing at about 0.6 pips for EUR/USD after commission. The Classic account is a bit pricier, starting with a variable spread from 1.2 pips. Additionally, HYCM offers a fixed-spread account with a spread of 1.5 pips. Meanwhile, Alpari's average spread data is not readily available, making it challenging to directly compare.
In terms of ratings and rankings, HYCM receives a favorable 4.5-star rating for its commissions and fees, positioning it as a strong choice among traders. It ranks #15 out of 62 brokers according to ForexBrokers.com in the Commissions and Fees category. On the other hand, Alpari, while a viable option, earns a slightly lower 4-star rating. Its ranking stands at #41 out of 62 brokers, which reflects its competitive but less attractive positioning compared to HYCM.
| Feature |
HYCM (Henyep Capital Markets)
|
Alpari
|
|---|---|---|
| Minimum Deposit | $20 | $20 |
| Average Spread EUR/USD - Standard | 1.2 | N/A |
| All-in Cost EUR/USD - Active | 0.6 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
HYCM (Henyep Capital Markets) and Alpari are two well-known online brokers offering a variety of investment options, including forex trading both as CFDs and spot contracts. HYCM boasts a substantial selection with 1,199 tradeable symbols, including 70 forex pairs. In contrast, Alpari provides 105 tradeable symbols with 46 forex pairs. Both brokers offer cryptocurrency derivatives, although neither allows for the purchase of actual cryptocurrencies. An important distinction is that HYCM provides access to exchange-traded securities on both U.S. and international exchanges, allowing users to invest in popular stocks such as Apple. Meanwhile, Alpari only grants access to international exchanges, offering options like Vodafone shares.
While HYCM does not offer copy trading, Alpari provides this feature, which may appeal to investors looking to follow the moves of successful traders. In terms of ratings and rankings, HYCM is awarded four stars for its range of investments and is ranked 33rd out of 62 brokers by ForexBrokers.com. On the other hand, Alpari has a three-star rating and is positioned at 62nd for its range of offerings. These differences highlight HYCM's broader investment selection compared to Alpari, making it a potentially more attractive choice for those seeking diverse trading opportunities.
| Feature |
HYCM (Henyep Capital Markets)
|
Alpari
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 105 |
| Forex Pairs (Total) | 70 | 46 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
When diving into the world of online trading, both HYCM and Alpari offer comprehensive platforms and tools for traders of all levels. Both brokers provide access to popular MetaTrader platforms, including MT4 and MT5, ensuring user-friendly interfaces and a wealth of technical indicators for analyzing market trends. Additionally, traders can test their strategies without financial risk thanks to free virtual demo accounts provided by both brokers. Each broker also presents a proprietary platform option and supports trading on Windows-based and web-based platforms, allowing for flexibility and accessibility, no matter your device preference.
While HYCM and Alpari are neck-and-neck in several areas, such as offering 15 drawing tools for charting and allowing trades directly from stock charts, differences do emerge. Alpari edges ahead with the availability of copy trading, which is absent at HYCM. Despite offering similar functionalities, HYCM is ranked higher at #40 versus Alpari's #55 in the Trading Platforms and Tools category by ForexBrokers.com. Both brokers earn a respectable 4-star rating, reflecting their robust service offerings for traders. With 7 columns available for watch lists, traders have ample customization options to monitor market movements effectively at both brokers.
| Feature |
HYCM (Henyep Capital Markets)
|
Alpari
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of HYCM (Henyep Capital Markets) and Alpari, both options are available for iPhone and Android users, and they facilitate stock or forex price alerts. In terms of technical capability, each app supports 30 technical studies for chart analysis and allows users to draw trendlines and view charts across various time frames, such as daily, weekly, or intraday. However, a noteworthy distinction is that HYCM's app automatically saves chart drawings while Alpari's does not, which might be a crucial feature for traders who frequently analyze market trends on the go.
Both HYCM and Alpari provide the functionality to create watchlists with real-time quotes, but neither app offers synchronization of watchlist symbols with a client's online account. In the rating department, both apps share a rating of 4 out of 5 stars for their mobile trading experience. However, if rankings hold more weight in making a decision, ForexBrokers.com positions HYCM at #37 out of 62 brokers for mobile trading apps, while Alpari sits further down the list at #56. This ranking could suggest a subtle edge for HYCM in the realm of mobile trading functionalities.
| Feature |
HYCM (Henyep Capital Markets)
|
Alpari
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research offerings, HYCM (Henyep Capital Markets) and Alpari offer distinct features for traders. HYCM provides daily market commentary, delivering timely insights that are useful for traders keeping an eye on ever-changing market conditions. Both brokers offer access to forex news from top-tier sources such as Bloomberg and Reuters, ensuring that their clients stay informed of major global developments. However, when it comes to technical analysis, HYCM leverages tools from Trading Central, whereas Alpari utilizes Autochartist. Neither broker offers sentiment-based trading tools or research from TipRanks and Acuity Trading, but they both provide economic calendars to track key global events.
Ratings and rankings offer further insight into the brokers' research capabilities. HYCM scores 3.5 out of 5 stars for its research offerings, outperforming Alpari, which is rated at 3 stars. In a comparison by ForexBrokers.com, HYCM is ranked #35 out of 62 brokers, notably ahead of Alpari, which sits at the #57 spot. This ranking showcases HYCM's more comprehensive approach to research in comparison to Alpari's offerings. Traders looking for in-depth market commentary and tools from Trading Central may find HYCM's research options more attractive, while those seeking Autochartist capabilities may prefer Alpari.
| Feature |
HYCM (Henyep Capital Markets)
|
Alpari
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When looking at the educational offerings for beginner traders, both HYCM (Henyep Capital Markets) and Alpari provide solid foundations with minimum access to 10 pieces of educational content focusing on forex and CFDs. In terms of webinars, neither broker offers regular monthly educational webinars for clients, but HYCM does provide a searchable archive of recorded sessions, giving their users access to a wealth of past discussions which Alpari does not match. Both brokers cater to beginners with at least 10 educational videos tailored to novice traders' needs.
Moreover, both HYCM and Alpari enhance learning opportunities by providing comprehensive investor dictionaries containing definitions for a variety of investing terms. However, when evaluated on their overall educational resources, HYCM takes a slight edge with a rating of 3.5 stars compared to Alpari’s 3 stars. In ForexBrokers.com's rankings specifically for education, HYCM secures the 32nd position out of 62 brokers, while Alpari is placed at 48th, indicating a broader recognition of HYCM's educational support.
| Feature |
HYCM (Henyep Capital Markets)
|
Alpari
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that HYCM (Henyep Capital Markets) is better than Alpari. HYCM (Henyep Capital Markets) finished with an overall rank of #29, while Alpari finished with an overall rank of #57.
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.
| Feature |
HYCM (Henyep Capital Markets)
|
Alpari
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 86 | 68 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platform & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both HYCM (Henyep Capital Markets) and Alpari do not provide the option to purchase actual cryptocurrencies, but they both offer the ability to trade cryptocurrency derivatives.
Both HYCM and Alpari provide Skrill, Visa or Mastercard, and bank wire options for deposits and withdrawals, but neither offers ACH, SEPA, or PayPal transfers.
Please 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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | HYCM (Henyep Capital Markets) | Alpari | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 86 | 68 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | Alpari | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
| ||
| Mobile Trading Gallery (click to expand) |
| ||
| Research Gallery (click to expand) |
| ||
| Education Gallery (click to expand) |
|
| Regulation | HYCM (Henyep Capital Markets) | Alpari | |
|---|---|---|---|
| Trust Score | 86 | 68 | |
| Year Founded | 1977 | 1998 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 2 | 0 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | HYCM (Henyep Capital Markets) | Alpari | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | HYCM (Henyep Capital Markets) | Alpari | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | HYCM (Henyep Capital Markets) | Alpari | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1199 | 105 | |
| Forex Pairs (Total) | 70 | 46 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | HYCM (Henyep Capital Markets) | Alpari | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | 0.6 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | HYCM (Henyep Capital Markets) | Alpari | |
|---|---|---|---|
| Minimum Deposit | $20 | $20 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | HYCM (Henyep Capital Markets) | Alpari | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | HYCM (Henyep Capital Markets) | Alpari | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | HYCM (Henyep Capital Markets) | Alpari | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | HYCM (Henyep Capital Markets) | Alpari | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | Alpari | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | Alpari | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | HYCM (Henyep Capital Markets) Review |
| Overall | HYCM (Henyep Capital Markets) | Alpari | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 86 | 68 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill