Written by ForexBrokers.com
In this head to head comparison of AvaTrade vs HYCM (Henyep Capital Markets), 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.
AvaTrade and HYCM (Henyep Capital Markets) are both well-established online brokers offering various trading services. AvaTrade, founded in 2006, is considered highly trusted with a ForexBrokers.com Trust Score of 94 out of 99. It holds four Tier-1 licenses and three Tier-2 licenses, showcasing its strong regulatory compliance. On the other hand, HYCM, with a longer history dating back to 1977, achieves a Trust Score of 86, making it trusted by ForexBrokers.com standards. It operates under two Tier-1 licenses and one Tier-2 license, indicating it is well-regulated though slightly less so than AvaTrade.
Neither AvaTrade nor HYCM is publicly traded or operates as a bank. Their regulatory standings highlight their commitment to ensuring client security and operating within the financial industry's guidelines. AvaTrade's slightly higher Trust Score and broader regulatory licensing give it a competitive edge in terms of perceived trustworthiness. However, HYCM's long-standing industry presence and solid trust rating maintain its appeal for traders seeking reliable brokerage services.
| Feature |
AvaTrade
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 2006 | 1977 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 3 | 1 |
| Tier-3 Licenses | 1 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing the commissions and fees of AvaTrade and HYCM, both brokers achieve a commendable rating of 4.5 stars, reflecting their appealing pricing strategies. AvaTrade offers spreads just under one pip at 0.9 pips as of June 2024, placing them close to the average in the industry. For those qualifying as professional traders, AvaTrade enhances its competitiveness with even lower spreads of 0.6 pips for their Professional account, aligning closely with alternatives like FP Markets.
HYCM provides a competitive edge with its Raw account, presenting an all-in cost of approximately 0.6 pips for popular pairs like EUR/USD, after accounting for commissions. However, the Classic account carries a higher expense due to its variable spread starting at 1.2 pips, and the fixed-spread account is offered at 1.5 pips. This range allows traders to choose between stability and variable costs depending on their trading style and needs.
In terms of industry rankings, AvaTrade is positioned slightly higher at #12 out of 62 brokers in the Commissions and Fees category by ForexBrokers.com. HYCM follows closely behind at #15, highlighting both brokers as solid options for traders seeking cost-efficient trading conditions.
| Feature |
AvaTrade
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $100 | $20 |
| Average Spread EUR/USD - Standard | 0.93 | 1.2 |
| All-in Cost EUR/USD - Active | 0.61 | 0.6 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | 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.
AvaTrade and HYCM are both prominent online brokers offering a solid range of investment options for traders. Both platforms provide forex trading through CFDs and spot contracts. AvaTrade offers 1260 tradeable symbols, slightly edging out HYCM's 1199. However, when it comes to forex pairs, HYCM takes the lead with 70 compared to AvaTrade's 53 pairs. AvaTrade lacks the option to buy exchange-traded securities on U.S. or international exchanges, unlike HYCM, which provides these opportunities, allowing users to purchase stocks like Apple and Vodafone directly.
Both brokers facilitate cryptocurrency derivatives trading but do not permit the purchase of actual cryptocurrencies. AvaTrade stands out by offering copy trading, a feature not available on HYCM. While both brokers hold a four-star rating for their range of investments, AvaTrade is slightly higher ranked by ForexBrokers.com at #32 compared to HYCM's #33, reflecting their subtlest differences in offerings.
| Feature |
AvaTrade
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1260 | 1199 |
| Forex Pairs (Total) | 53 | 70 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | Yes | No |
| 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.
AvaTrade and HYCM (Henyep Capital Markets) both provide a comprehensive range of trading platforms and tools suited for various trading needs. AvaTrade stands out for its versatile offerings, including simulated or paper trading through a free virtual demo account, a proprietary platform developed in-house, and compatibility with popular platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5). AvaTrade also supports copy trading and social trading initiatives through DupliTrade and ZuluTrade, giving it an edge for traders interested in leveraging the insights of more experienced traders. With the option to trade directly from stock charts, AvaTrade ensures a seamless trading experience, bolstered further by 13 drawing tools and 7 customizable watch list columns for traders to personalize their strategies. Rated 4.5 stars for its trading platforms and tools, AvaTrade is highly regarded, earning a commendable 13th place out of 62 brokers by ForexBrokers.com.
HYCM also delivers on key trading functionalities with a proprietary platform and access to both MT4 and MT5, offering similar user experiences to AvaTrade. They provide their clients with a Windows-based desktop download, and a web-based trading platform, ensuring flexibility across devices. While HYCM lacks the support for copy trading, DupliTrade, and ZuluTrade, it compensates with 15 drawing tools and 7 watch list columns for tailored trading activities. Like AvaTrade, HYCM allows users to trade directly from their stock charts. Despite scoring slightly lower, with 4 stars for trading platforms and tools, HYCM maintains a respectable position in the market, ranked 40th among 62 brokers by ForexBrokers.com. These features make HYCM a solid choice for traders prioritizing traditional trading methods without the additional social trading facets.
| Feature |
AvaTrade
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | Yes | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 80 | 30 |
| Charting - Drawing Tools (Total) | 13 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both AvaTrade and HYCM offer mobile trading apps for iPhone and Android devices, allowing you to trade on the go. AvaTrade's app is equipped with features like stock and forex price alerts, ensuring you never miss a market move. The app also provides excellent synchronization, allowing your watchlist to sync seamlessly with your online account. This is an advantage over HYCM, where watchlist syncing is not available. When it comes to technical studies, AvaTrade offers 73 options for charting, significantly more than HYCM's 30 studies. Both apps support drawing trendlines and viewing multiple time frames, such as daily or weekly charts.
In terms of real-time capabilities, both AvaTrade and HYCM allow you to create watchlists with live quotes. HYCM has the edge with its auto-save feature for chart drawings, a functionality absent in AvaTrade's app. According to ForexBrokers.com, AvaTrade is rated 4.5 stars for its mobile trading app, placing it 13th out of 62 brokers. In contrast, HYCM holds a 4-star rating and ranks 37th. Overall, while both platforms offer strong mobile trading solutions, AvaTrade stands out in ranking and features, making it a compelling choice for those seeking a more feature-rich experience.
| Feature |
AvaTrade
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 73 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing AvaTrade to HYCM (Henyep Capital Markets) in terms of market research capabilities, several differences emerge. AvaTrade sets itself apart by providing forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones, as well as technical analysis tools from Trading Central. Furthermore, AvaTrade offers a sentiment-based trading tool that shows the ratio of long or short positions across various instruments, which HYCM lacks. Both platforms provide an economic calendar outlining global economic events, but AvaTrade does not offer daily market commentary, unlike HYCM.
In terms of ratings, AvaTrade is rated 4 stars for research and is ranked 34th out of 62 brokers on ForexBrokers.com, while HYCM follows closely with a 3.5-star rating and a 35th rank. Neither broker offers research tools from Autochartist or Acuity Trading's Signal Centre, nor do they provide market research from TipRanks. However, with slightly better ratings and more comprehensive tools, AvaTrade might be more appealing for traders prioritizing extensive research resources.
| Feature |
AvaTrade
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
AvaTrade and HYCM both provide educational materials aimed at beginners, making it easier for new traders to learn the ins and outs of forex and CFD trading. Both brokers offer more than 10 educational pieces, comprising articles, videos, and archived webinars. AvaTrade distinguishes itself by providing monthly online educational webinars and storing these in a searchable archive, which is also a feature shared by HYCM. Moreover, AvaTrade goes the extra mile by offering both beginner and advanced educational video series tailored for traders at all levels. This comprehensive approach to education is reflected in AvaTrade's higher education rating of 4 stars compared to HYCM's 3.5 stars.
AvaTrade presents a well-rounded learning environment for beginners with a highly accessible investor dictionary consisting of over 50 definitions, mirroring the similar offering from HYCM. However, AvaTrade’s dedication to advanced educational content and ongoing webinars positions it as a more appealing choice for those eager to deepen their understanding continually. This commitment has earned AvaTrade a stellar ranking of 2nd out of 62 brokers in the Education category, while HYCM lands at the 32nd spot. For beginners looking for a comprehensive learning journey, AvaTrade’s offerings make it a top contender in the online trading educational space.
| Feature |
AvaTrade
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | 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 AvaTrade is better than HYCM (Henyep Capital Markets). AvaTrade finished with an overall rank of #13, while HYCM (Henyep Capital Markets) finished with an overall rank of #29.
AvaTrade is a trusted global brand best known for offering an extensive selection of trading platforms for forex and CFD traders, as well as exceptional educational content that helped it nab Best in Class honors for Beginners in the ForexBrokers.com 2025 Annual Awards.
| Feature |
AvaTrade
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HYCM (Henyep Capital Markets)
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|---|---|---|
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| Trust Score | 94 | 86 |
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Both AvaTrade and HYCM (Henyep Capital Markets) do not offer the ability to buy actual delivered cryptocurrencies but do provide options for trading cryptocurrency derivatives.
Both AvaTrade and HYCM provide the option for clients to deposit or withdraw funds via Skrill, Visa, Mastercard, and bank wires; however, AvaTrade offers the additional convenience of PayPal, unlike HYCM, and neither of these brokers supports ACH or SEPA 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.
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0 of 5| Overall Rating | AvaTrade | HYCM (Henyep Capital Markets) | |
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| Trust Score | 94 | 86 | |
| Winner | check_circle | ||
| Review | AvaTrade Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | AvaTrade | HYCM (Henyep Capital Markets) | |
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| Regulation | AvaTrade | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trust Score | 94 | 86 | |
| Year Founded | 2006 | 1977 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 4 | 2 | |
| Tier-2 Licenses | 3 | 1 | |
| Tier-3 Licenses | 1 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | AvaTrade | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | AvaTrade | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | Yes | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | AvaTrade | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1260 | 1199 | |
| Forex Pairs (Total) | 53 | 70 | |
| U.S. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | AvaTrade | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.93 | 1.2 | |
| All-in Cost EUR/USD - Active | 0.61 | 0.6 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | AvaTrade | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | $100 | $20 | |
| PayPal (Deposit/Withdraw) | Yes | 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 | AvaTrade | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | Yes | No | |
| ZuluTrade | Yes | No |
| Trading Tools | AvaTrade | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 80 | 30 | |
| Charting - Drawing Tools (Total) | 13 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | AvaTrade | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 73 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | AvaTrade | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | AvaTrade | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | AvaTrade | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| 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 | AvaTrade Review | HYCM (Henyep Capital Markets) Review |
| Overall | AvaTrade | HYCM (Henyep Capital Markets) | |
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| Trust Score | 94 | 86 | |
| Winner | check_circle | ||
| Review | AvaTrade Review | HYCM (Henyep Capital Markets) Review |
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