Written by ForexBrokers.com
In this head to head comparison of City Index 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.
City Index and HYCM (Henyep Capital Markets) are both established names in the world of online brokerage, having been founded in 1983 and 1977, respectively. When it comes to trustworthiness, City Index enjoys a top-tier reputation with a ForexBrokers.com Trust Score of 99 out of 99, underscoring its status as highly trusted. It further supports its credibility by holding seven Tier-1 licenses, considered highly trusted by regulatory standards, and one Tier-2 license. On the other hand, HYCM holds a Trust Score of 86, ranking it as trusted on the ForexBrokers.com scale. It has two Tier-1 licenses and matches City Index with one Tier-2 license. Neither of these brokers are banks, and while City Index is publicly traded, HYCM is not.
| Feature |
City Index
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 1983 | 1977 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
City Index and HYCM (Henyep Capital Markets) offer online brokerage services with competitive commissions and fees, making them strong contenders in the trading world. City Index provides industry-average pricing for CFDs, forex, and spread-betting products. Users can trade on City Index’s proprietary platforms or MetaTrader to access optimal pricing. For active traders depositing over £10,000, City Index offers a Premium Trader account, which includes exclusive pricing and dedicated customer service. The average spread for City Index’s CFD account is 0.74 pips on the EUR/USD, which aligns with industry averages but trails behind top brokers like Tickmill. City Index also provides rebates for professional traders in the UK and Australia, with tiers that begin at £4 and AUD $4.5 per million, respectively.
HYCM’s Raw account stands out with competitive all-in costs, averaging at 0.6 pips for the EUR/USD, after commission. Meanwhile, its Classic account has a variable spread that starts from 1.2 pips, and another option is the fixed-spread account, which offers a spread of 1.5 pips. Both brokers have received a rating of 4.5 stars for their commissions and fees, reflecting their favorable pricing structures.
In the competitive landscape of online brokers, City Index and HYCM hold respectable positions. City Index is ranked 14th out of 62 brokers by ForexBrokers.com in the Commissions and Fees category, while HYCM closely follows as the 15th-ranked broker. These rankings and star ratings highlight their status as reliable and affordable options for traders looking for value in their trading activities.
| Feature |
City Index
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | £100.00 | $20 |
| Average Spread EUR/USD - Standard | 1.4 | 1.2 |
| All-in Cost EUR/USD - Active | 0.74 | 0.6 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
City Index and HYCM (Henyep Capital Markets) both cater to traders interested in forex, offering forex trading as a CFD or spot contract. However, when it comes to the sheer volume of tradeable symbols, City Index stands out significantly with an impressive 13,500 options, compared to HYCM's 1,199. Even though HYCM offers a slightly larger selection of tradeable forex pairs—70 pairs as opposed to City Index's 66—City Index gains a competitive edge in variety and flexibility, earning it a higher reputation in the Range of Investments category. Remarkably, City Index is ranked #8 out of 62 brokers by ForexBrokers.com, boasting a 5-star rating, while HYCM holds the #33 spot with a 4-star rating.
On the other hand, HYCM offers a different kind of advantage by providing access to exchange traded securities on both U.S. and international exchanges, allowing clients to invest in major companies directly, like Apple and Vodafone. City Index, however, does not support this feature. Both platforms allow trading in cryptocurrency derivatives but do not offer delivered cryptocurrencies. Additionally, City Index provides a copy trading feature, which isn't available with HYCM. This range of capabilities shows that while both brokers bring unique strengths to the table, City Index may be more appealing to those prioritizing a wide selection of trading symbols and innovative trading tools like copy trading.
| Feature |
City Index
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 13500 | 1199 |
| Forex Pairs (Total) | 66 | 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.
City Index and HYCM (Henyep Capital Markets) both provide simulated trading with free demo accounts, allowing new traders to practice without risk. Each broker features proprietary platforms, Windows-based downloads, and web-based trading options. While both offer the popular MetaTrader 4 (MT4) platform, only HYCM extends support to MetaTrader 5 (MT5), providing enhanced trading functionalities. However, City Index has the edge with copy trading capabilities, a feature HYCM lacks.
City Index distinguishes itself with a greater number of drawing tools, offering 239 compared to HYCM's 15—a significant advantage for in-depth technical analysis. Both platforms allow trading directly from stock charts, but City Index also provides more customizable watch lists with 11 fields in comparison to HYCM's seven. In terms of ratings, City Index scores higher with 4.5 stars for its trading platforms and tools, compared to HYCM’s 4 stars. Furthermore, City Index ranks significantly higher at #10 on ForexBrokers.com, while HYCM is placed at #40 out of 62 brokers.
| Feature |
City Index
|
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) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 88 | 30 |
| Charting - Drawing Tools (Total) | 239 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both City Index and HYCM offer mobile trading apps available on iPhone and Android devices. Both apps provide useful features such as price alerts for stocks and forex, the ability to draw trendlines on charts, and viewing charts in various time frames like daily, weekly, and intraday. However, City Index stands out with its watchlist symbol syncing feature that allows watchlists in their mobile app to sync with the online account, which is not available with HYCM. Additionally, City Index offers a more extensive range of technical studies for charting, providing 88 options compared to HYCM's 30. Both apps auto-save chart drawings and enable users to create watchlists with real-time quotes.
When it comes to user ratings and rankings, City Index scores slightly higher, with a 4.5-star rating compared to HYCM's 4 stars for mobile trading. In the Mobile Trading Apps category, City Index is ranked at #9 out of 62 brokers by ForexBrokers.com, whereas HYCM is ranked at #37. These distinctions highlight City Index's stronger performance and feature offerings in mobile trading, making it a preferred choice for those who prioritize app functionality and user experience.
| Feature |
City Index
|
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 | 88 | 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.
City Index and HYCM both provide daily market commentary, ensuring traders stay informed with the latest insights. They also supply forex news from top-tier sources like Bloomberg and Reuters, reflecting their commitment to delivering valuable current events data. Though both brokers lack tools from Autochartist, they compensate with offerings from Trading Central, providing crucial technical and fundamental analysis. The key differentiator is City Index’s sentiment-based trading tool, which gives traders an edge by showing the ratio of long or short positions across various instruments, a feature not available with HYCM.
Both brokers include an economic calendar for tracking global news events, yet they do not offer market research tools from companies like TipRanks or Acuity Trading. The differences in research offerings are reflected in their ratings and rankings. City Index boasts a higher research rating of 4.5 stars out of five and is ranked 10th among 62 brokers, underscoring its superior research capabilities. In contrast, HYCM earns a 3.5-star rating and ranks 35th, indicating room for improvement in its market research services.
| Feature |
City Index
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary | Yes | 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.
In terms of educational resources for beginners looking to navigate the world of trading forex and CFDs, City Index stands out compared to HYCM. City Index provides a wealth of educational materials, offering a variety of articles, videos, and archived webinars to help enhance a beginner's understanding. Not only do they supply monthly online educational webinars, but they also have a searchable archive of these past sessions, making it easy for newcomers to revisit valuable content. Their video content includes an impressive selection of over 10 specifically designed videos for beginners, ensuring that those new to trading have plenty of resources to get started with. City Index further enriches the learning experience with a dictionary that covers more than 50 investing terms, offering definitions to help demystify trading jargon.
While HYCM also offers a substantial amount of educational content, including over 10 beginner-focused videos and a helpful investor dictionary, they fall short in some areas compared to City Index. HYCM lacks the benefit of regular monthly educational webinars, which can be crucial for ongoing learning and engagement. Additionally, they do not provide as many advanced educational videos tailored for experienced traders, limiting the depth of their educational offerings. This disparity in resources is reflected in their ratings—City Index is ranked as the 9th best for education out of 62 brokers by ForexBrokers.com, whereas HYCM is placed at 32nd. With an education rating of 4.5 stars compared to HYCM's 3.5 stars, City Index clearly holds an advantage in preparing beginners for trading success.
| Feature |
City Index
|
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 City Index is better than HYCM (Henyep Capital Markets). City Index finished with an overall rank of #8, while HYCM (Henyep Capital Markets) finished with an overall rank of #29.
Backed by StoneX Group, City Index is a trusted brand known for its versatile trading platforms, excellent mobile app, diverse market research, and extensive range of tradeable markets.
| Feature |
City Index
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HYCM (Henyep Capital Markets)
|
|---|---|---|
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| Trust Score | 99 | 86 |
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Both City Index and HYCM (Henyep Capital Markets) provide the opportunity to trade cryptocurrency derivatives, though neither brokerage offers the ability to purchase actual, delivered cryptocurrency.
City Index offers a variety of payment options for depositing or withdrawing funds, including ACH or SEPA transfers, PayPal, Visa or Mastercard, and bank wires, but does not support Skrill; in comparison, HYCM (Henyep Capital Markets) supports Skrill, Visa or Mastercard, and bank wires, but does not offer ACH or 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 | City Index | HYCM (Henyep Capital Markets) | |
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| Trust Score | 99 | 86 | |
| Winner | check_circle | ||
| Review | City Index Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | City Index | HYCM (Henyep Capital Markets) | |
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| Regulation | City Index | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trust Score | 99 | 86 | |
| Year Founded | 1983 | 1977 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | City Index | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | 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). | Yes | No |
| Tier-2 Licenses (Trusted) | City Index | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| 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 | City Index | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 13500 | 1199 | |
| Forex Pairs (Total) | 66 | 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 | City Index | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.4 | 1.2 | |
| All-in Cost EUR/USD - Active | 0.74 | 0.6 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | City Index | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | £100.00 | $20 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | City Index | 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) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | City Index | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 7 | |
| Charting - Indicators / Studies (Total) | 88 | 30 | |
| Charting - Drawing Tools (Total) | 239 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | City Index | 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 | 88 | 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 | City Index | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary | Yes | 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 | City Index | 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 | City Index | 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 | City Index Review | HYCM (Henyep Capital Markets) Review |
| Overall | City Index | HYCM (Henyep Capital Markets) | |
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| Trust Score | 99 | 86 | |
| Winner | check_circle | ||
| Review | City Index Review | HYCM (Henyep Capital Markets) Review |
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