Written by ForexBrokers.com
In this head to head comparison of HYCM (Henyep Capital Markets) vs BDSwiss, 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) and BDSwiss are both respected online brokers, although they differ in their regulatory frameworks and trust ratings. Founded in 1977, HYCM has established itself as a trusted name in the industry with an 86 Trust Score from ForexBrokers.com. Despite not being publicly traded or functioning as a bank, HYCM offers security through their two Tier-1 licenses and one Tier-2 license. This regulatory structure adds confidence to traders who prioritize safety and reliability.
On the other hand, BDSwiss, founded in 2012, holds a Trust Score of 73, indicating an average level of risk according to ForexBrokers.com. Like HYCM, BDSwiss is neither publicly listed nor a banking institution. The company holds one Tier-1 license but lacks any Tier-2 licenses, reflecting a slightly different approach to regulation and risk management compared to HYCM. For traders, these distinctions might influence the choice between these brokers depending on their specific needs and risk tolerance.
| Feature |
HYCM (Henyep Capital Markets)
|
BDSwiss
|
|---|---|---|
| Year Founded | 1977 | 2012 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing the commissions and fees of HYCM (Henyep Capital Markets) with BDSwiss, both brokers offer distinct pricing structures that cater to different trading preferences. HYCM's Raw account stands out with an all-in cost of approximately 0.6 pips for EUR/USD trades, making it an attractive choice for cost-conscious traders. The broker also provides a Classic account with a starting variable spread of 1.2 pips and a fixed-spread account with a 1.5 pip spread. In terms of user ratings, HYCM scores an impressive 4.5 out of 5 stars and ranks 15th among 62 brokers for commissions and fees according to ForexBrokers.com.
BDSwiss, on the other hand, emphasizes its order execution statistics but features spreads higher than some industry front-runners. For the Classic account, the spread is 1.5 pips on the EUR/USD pair, which is on the higher end. Its Raw account offers a competitive 0.3 pips plus a $5 commission per side, leading to an effective spread of 1.3 pips, and the VIP account offers spreads starting at 1.2 pips. BDSwiss achieves a 4-star rating for its commission and fee structure and is ranked 29th among 62 brokers in the same category.
Overall, HYCM tends to offer more favorable pricing for certain accounts, specifically through its Raw account, making it a potentially better option for traders focused on minimizing trading costs. Meanwhile, BDSwiss provides various account types catering to different trading needs, though its fees may not be the most competitive in the market. Both brokers, however, are regarded positively and offer viable options based on individual trading strategies and requirements.
| Feature |
HYCM (Henyep Capital Markets)
|
BDSwiss
|
|---|---|---|
| Minimum Deposit | $20 | $10-$5000 |
| Average Spread EUR/USD - Standard | 1.2 | 1.6 |
| All-in Cost EUR/USD - Active | 0.6 | 1.3 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | Yes |
| 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 investment options available through HYCM, also known as Henyep Capital Markets, and BDSwiss, both platforms provide opportunities for forex trading as either a CFD or spot contract. HYCM offers a rich selection of tradeable symbols, boasting 1199 in total, whereas BDSwiss offers 1081. Specifically, for forex enthusiasts, HYCM lists 70 forex pairs compared to BDSwiss's 53 pairs. One advantage of using HYCM is its access to exchange-traded securities on both U.S. and international exchanges, allowing clients to purchase stocks like Apple and Vodafone directly. In contrast, BDSwiss does not provide this service. However, if copy trading is a priority, BDSwiss stands out as it offers this feature, whereas HYCM does not.
Both HYCM and BDSwiss provide the option to trade cryptocurrency derivatives but not actual cryptocurrencies. Each platform is rated four stars for their range of investments, demonstrating their comprehensive offerings across different asset classes. When ranked by ForexBrokers.com among 62 brokers for range of investments, HYCM and BDSwiss are closely positioned, with HYCM at 33rd and BDSwiss at 34th place. Whether maintaining a diverse investment portfolio or exploring forex and cryptocurrency trading, both brokers present competent options, with HYCM providing broader direct investment opportunities and BDSwiss offering unique features like copy trading.
| Feature |
HYCM (Henyep Capital Markets)
|
BDSwiss
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 1081 |
| Forex Pairs (Total) | 70 | 53 |
| 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.
Both HYCM (Henyep Capital Markets) and BDSwiss provide traders with a comprehensive suite of trading platforms and tools, catering to diverse trading needs. They each offer proprietary platforms developed in-house, as well as popular options like MetaTrader 4 and MetaTrader 5, available across various platforms including Windows-based desktop and web-based interfaces. Traders can also take advantage of simulated environments with free virtual demo accounts offered by both brokers. While both platforms facilitate trading directly from stock charts and offer 15 drawing tools for charting, only BDSwiss provides copy trading capabilities, setting it apart in terms of social trading features. Neither broker supports DupliTrade or ZuluTrade at this time.
In terms of usability, both HYCM and BDSwiss offer 7 columns for watch lists, aiding traders in tracking their preferred assets. When it comes to ratings, both HYCM and BDSwiss receive a solid 4 stars for their trading platforms and tools. However, BDSwiss is ranked slightly higher, securing the 24th position out of 62 brokers in the Trading Platforms and Tools category according to ForexBrokers.com, as compared to HYCM's 40th rank. This suggests that while both brokers offer robust trading tools, BDSwiss might slightly edge ahead in the eyes of certain reviewers. Ultimately, both brokers provide a wide range of functionalities for traders, but individual preferences in features and platform usability might influence one's choice between them.
| Feature |
HYCM (Henyep Capital Markets)
|
BDSwiss
|
|---|---|---|
| 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 and BDSwiss, both platforms offer iPhone and Android versions, ensuring accessibility for users across these popular devices. Traders using either app can set up stock or forex price alerts, enabling them to stay informed about market movements. Although both apps allow the creation of custom watchlists with real-time quotes, they miss out on watchlist symbol syncing, meaning changes made on mobile don't automatically reflect online. Each app provides an identical set of 30 technical studies for charting, supporting detailed market analysis. Additionally, users can draw trendlines and view multiple time frames on charts, with HYCM and BDSwiss both ensuring these drawings are auto-saved.
Despite similar features, BDSwiss takes a slightly higher spot in user rankings, positioned at #23 out of 62 brokers on ForexBrokers.com for mobile trading apps, compared to HYCM’s #37 position. However, both received solid four-star ratings for their mobile trading applications. The choice between HYCM and BDSwiss for mobile trading primarily hinges on user preference and specific needs, given their comparable functionalities and ratings.
| Feature |
HYCM (Henyep Capital Markets)
|
BDSwiss
|
|---|---|---|
| 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 | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of HYCM and BDSwiss, both platforms provide daily market commentary and have economic calendars to keep traders informed about global events. However, when it comes to obtaining forex news from top-tier sources like Bloomberg and Reuters, HYCM takes the lead, offering access to trusted information not available through BDSwiss. On the other hand, BDSwiss excels in providing innovative analytical tools, featuring Autochartist for technical and fundamental research, which HYCM does not offer. Both brokers utilize Trading Central’s resources to enhance technical analysis options for their clients.
Despite both brokers lacking sentiment-based trading tools and resources from TipRanks and Acuity Trading, there is a difference in their overall research ratings. HYCM is rated 3.5 stars, placing it at rank #35 among 62 brokers on ForexBrokers.com. BDSwiss receives a slightly higher research rating of 4 stars and is ranked #23. This suggests that while both platforms are strong in their market analysis offerings, BDSwiss may have a slight edge in delivering a comprehensive research experience to its users.
| Feature |
HYCM (Henyep Capital Markets)
|
BDSwiss
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | Yes |
| 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 comparing the educational resources for beginner traders offered by HYCM and BDSwiss, there are several factors to consider. Both brokers provide at least 10 educational resources focused on forex or CFDs, such as articles and videos. They also offer a searchable archive of past webinars, catering to those who wish to revisit previous sessions. However, HYCM does not host monthly educational webinars, while BDSwiss offers these regularly, making it a suitable option for those who prefer interactive learning.
For those just starting out, both brokers deliver more than 10 beginner-focused educational videos, which is beneficial. When it comes to more advanced content, BDSwiss takes the lead by offering over 10 videos, while HYCM lacks in this area. Both platforms provide an investor dictionary with ample investing terms, aiding newcomers in understanding trading jargon. Based on ratings, HYCM scores 3.5 out of 5 for education, ranking 32nd out of 62 brokers. Conversely, BDSwiss holds a 4-star education rating and is 19th in ranking, illustrating a slightly superior educational offering.
| Feature |
HYCM (Henyep Capital Markets)
|
BDSwiss
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
| 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 BDSwiss. HYCM (Henyep Capital Markets) finished with an overall rank of #29, while BDSwiss finished with an overall rank of #36.
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)
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BDSwiss
|
|---|---|---|
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| Trust Score | 86 | 73 |
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Both HYCM (Henyep Capital Markets) and BDSwiss do not offer the ability to buy actual delivered cryptocurrencies, but they do provide options for trading cryptocurrency derivatives.
When comparing online brokers, HYCM (Henyep Capital Markets) and BDSwiss both accept Skrill, Visa, Mastercard, and bank wire transfers for deposits and withdrawals, but only BDSwiss supports ACH or SEPA transfers, while neither offers 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) | BDSwiss | |
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| Trust Score | 86 | 73 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | BDSwiss Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | BDSwiss | |
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| Regulation | HYCM (Henyep Capital Markets) | BDSwiss | |
|---|---|---|---|
| Trust Score | 86 | 73 | |
| Year Founded | 1977 | 2012 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | HYCM (Henyep Capital Markets) | BDSwiss | |
|---|---|---|---|
| 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 | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | HYCM (Henyep Capital Markets) | BDSwiss | |
|---|---|---|---|
| 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) | BDSwiss | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1199 | 1081 | |
| Forex Pairs (Total) | 70 | 53 | |
| 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) | BDSwiss | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | 1.6 | |
| All-in Cost EUR/USD - Active | 0.6 | 1.3 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | No |
| Funding | HYCM (Henyep Capital Markets) | BDSwiss | |
|---|---|---|---|
| Minimum Deposit | $20 | $10-$5000 | |
| 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 | Yes |
| Trading Platforms | HYCM (Henyep Capital Markets) | BDSwiss | |
|---|---|---|---|
| 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) | BDSwiss | |
|---|---|---|---|
| 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) | BDSwiss | |
|---|---|---|---|
| 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 | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | HYCM (Henyep Capital Markets) | BDSwiss | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | BDSwiss | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | BDSwiss | |
|---|---|---|---|
| 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 | BDSwiss Review |
| Overall | HYCM (Henyep Capital Markets) | BDSwiss | |
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| Trust Score | 86 | 73 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | BDSwiss Review |
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