Written by ForexBrokers.com
In this head to head comparison of HYCM (Henyep Capital Markets) vs Axi, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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HYCM, established in 1977, and Axi, founded in 2007, are both well-regarded online brokers, although neither is publicly traded nor operates as a bank. Each broker holds two Tier-1 licenses, reflecting a high level of trust according to ForexBrokers.com. Additionally, they both maintain one Tier-2 license, indicating a strong compliance with regulatory standards.
When it comes to trust ratings, HYCM scores an impressive 86 out of 99, earning a "trusted" status. Axi follows closely with a score of 82, which also places it in the "trusted" category according to ForexBrokers.com. Both brokers provide dependable service with substantial regulatory oversight, offering traders a measure of confidence in their operations.
| Feature |
HYCM (Henyep Capital Markets)
|
Axi
|
|---|---|---|
| Year Founded | 1977 | 2007 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing HYCM (Henyep Capital Markets) and Axi, HYCM stands out for its competitive commissions and fees, particularly with its Raw account. This account offers an impressive all-in cost of about 0.6 pips for the EUR/USD, making it an appealing choice for cost-conscious traders. On the other hand, HYCM's Classic account features a higher variable spread starting from 1.2 pips, while their fixed-spread account maintains a spread of 1.5 pips.
In contrast, Axi does not provide specific average spread data, which might make direct cost comparisons challenging for potential customers. However, Axi offers various accounts and tools that aim to meet diverse trading needs, albeit without the detailed cost transparency seen in HYCM's offerings.
Both brokers have been evaluated for their commissions and fees, with HYCM earning a commendable rating of 4.5 stars out of 5 and ranking 15th among 62 brokers, according to ForexBrokers.com. Axi received a slightly lower rating of 4 stars and ranked 44th, indicating that while competitive, it may not match HYCM's pricing strategy in this category.
| Feature |
HYCM (Henyep Capital Markets)
|
Axi
|
|---|---|---|
| Minimum Deposit | $20 | $0 |
| 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.
When comparing the range of investments offered by HYCM (Henyep Capital Markets) and Axi, there are several notable differences. HYCM provides a wider variety of tradeable symbols, with 1199 available compared to Axi's 175. Both brokers allow clients to trade forex as CFDs or spot contracts, but HYCM offers a slightly larger selection of forex pairs, with 70 pairs available versus Axi's 65. Moreover, HYCM gives traders access to exchange-traded securities on both U.S. and international exchanges, allowing clients to invest directly in companies like Apple and Vodafone, a feature Axi does not provide. Instead, Axi offers the possibility of copy trading, unlike HYCM. For cryptocurrency enthusiasts, both brokers support trading cryptocurrency derivatives, though neither allows the purchase of the actual currencies.
In terms of overall ratings for the range of investments, HYCM garners a higher score with 4 out of 5 stars, while Axi receives a slightly lower rating of 3.5 stars. This is reflected in their rankings on ForexBrokers.com, where HYCM is positioned at #33 out of 62 brokers, indicating a more comprehensive investment offering in comparison to Axi's rank of #55. Whether you prioritize a broader selection of tradable assets or specific trading features, these differences could guide you in selecting the broker that best suits your investment needs.
| Feature |
HYCM (Henyep Capital Markets)
|
Axi
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 175 |
| Forex Pairs (Total) | 70 | 65 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| 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.
HYCM (Henyep Capital Markets) and Axi both provide virtual demo accounts, allowing traders to practice before diving into the real market. While both brokers offer a Windows-based desktop and web-based platform, HYCM provides a unique advantage with its proprietary platform, enhancing the trading experience. HYCM also supports both MetaTrader 4 and MetaTrader 5, whereas Axi only supports MetaTrader 4. Although both brokers offer the convenience to trade directly from a stock chart and provide 15 drawing tools for charting, Axi stands out with its copy trading feature and connection with ZuluTrade, which HYCM does not offer.
HYCM and Axi both support extensive watch lists with seven customizable columns. However, in terms of trading platforms and tools, HYCM comes with a higher rating, scoring 4 stars, compared to Axi's 3.5 stars. When it comes to rankings by ForexBrokers.com, HYCM holds the #40 spot among 62 brokers, while Axi falls at #62, indicating HYCM's competitive edge in this area. These evaluations suggest that if a proprietary platform and a broader range of trading tools are critical to you, HYCM may be the more favorable choice.
| Feature |
HYCM (Henyep Capital Markets)
|
Axi
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| 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 it comes to mobile trading, both HYCM and Axi offer convenient apps for iPhone and Android users. They provide essential features like stock or forex price alerts, the ability to create watchlists with real-time quotes, and the capability to draw trendlines and view multiple time frames on their charts. Both platforms offer a solid number of technical studies—30 in total—giving traders a variety of tools to analyze their investments right from their mobile devices.
Despite these similarities, there are notable differences. HYCM's app auto-saves chart drawings, a feature not available on Axi's app. In terms of ratings, HYCM scores a solid 4 stars for its mobile trading experience, while Axi is slightly behind with 3.5 stars. Additionally, HYCM is ranked #37 out of 62 brokers for its mobile app offerings according to ForexBrokers.com, ahead of Axi's ranking of #59. While neither app supports watchlist symbol syncing across devices, HYCM seems to hold a slight edge in user experience and recognition in the online trading community.
| Feature |
HYCM (Henyep Capital Markets)
|
Axi
|
|---|---|---|
| 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 comparing the market research offerings of HYCM and Axi, users will find distinct differences tailored to varying trading needs. HYCM stands out with its daily market commentary and a rich supply of forex news from top-tier sources like Bloomberg and Reuters. Meanwhile, Axi also provides high-quality forex news but lacks daily market commentary. For traders interested in technical analysis, Axi shines with tools from Autochartist, while HYCM relies on Trading Central to provide insightful technical analytics. While both brokers offer an economic calendar to track global news events, only Axi provides a sentiment-based trading tool to gauge market positioning across different currency pairs.
In terms of research ratings and rankings, HYCM receives a 3.5-star rating from ForexBrokers.com, ranking it 35th out of 62 brokers. This slightly edges out Axi, which holds a 3-star rating and ranks 55th in the same category. Both brokers do not offer research tools from TipRanks or Acuity Trading, but these ratings suggest that traders looking for a service with a broader range of research features might find HYCM more well-rounded. Ultimately, the choice between the two will depend on whether traders prioritize technical analysis tools or prefer more traditional forms of market commentary and analytics.
| Feature |
HYCM (Henyep Capital Markets)
|
Axi
|
|---|---|---|
| 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 | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Both HYCM and Axi cater to newcomers in forex and CFD trading by offering a variety of educational resources. Both platforms provide more than 10 educational materials focused specifically on these trading subjects. In terms of webinars, HYCM falls short with no monthly live events, but they do provide access to a searchable archive of past webinars. Axi, on the other hand, hosts at least one live webinar each month, although it lacks a searchable archive for previously recorded sessions. Both brokers offer more than 10 beginner-friendly educational videos, but neither provides advanced video content for seasoned traders. Additionally, they both include comprehensive investor dictionaries featuring an extensive range of investing terms.
When comparing their overall educational ratings, HYCM earns a score of 3.5 stars, slightly ahead of Axi's 3-star rating. Despite this, Axi is ranked higher in the ForexBrokers.com educational category, securing the 27th spot out of 62 brokers, while HYCM is ranked 32nd. This suggests that while both may offer a solid starting point for beginners, each broker has unique strengths that may appeal differently depending on individual learning preferences.
| Feature |
HYCM (Henyep Capital Markets)
|
Axi
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| 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 Axi. HYCM (Henyep Capital Markets) finished with an overall rank of #29, while Axi finished with an overall rank of #49.
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)
|
Axi
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 82 |
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Both HYCM (Henyep Capital Markets) and Axi provide the ability to trade cryptocurrency derivatives, but neither offers the option to purchase actual delivered cryptocurrency.
Both HYCM (Henyep Capital Markets) and Axi provide options for depositing or withdrawing funds using Skrill, Visa, Mastercard, and bank wires, but neither supports ACH, SEPA transfers, or PayPal.
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 | HYCM (Henyep Capital Markets) | Axi | |
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| Trust Score | 86 | 82 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | Axi | |
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| Regulation | HYCM (Henyep Capital Markets) | Axi | |
|---|---|---|---|
| Trust Score | 86 | 82 | |
| Year Founded | 1977 | 2007 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | HYCM (Henyep Capital Markets) | Axi | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| 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 | Yes | |
| 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) | Axi | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | HYCM (Henyep Capital Markets) | Axi | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1199 | 175 | |
| Forex Pairs (Total) | 70 | 65 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| 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) | Axi | |
|---|---|---|---|
| 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) | Axi | |
|---|---|---|---|
| Minimum Deposit | $20 | $0 | |
| 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) | Axi | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | HYCM (Henyep Capital Markets) | Axi | |
|---|---|---|---|
| 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) | Axi | |
|---|---|---|---|
| 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 | No |
| Research | HYCM (Henyep Capital Markets) | Axi | |
|---|---|---|---|
| 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 | Yes | |
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | Axi | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| 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) | Axi | |
|---|---|---|---|
| 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) | Axi | |
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| Trust Score | 86 | 82 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review |
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