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.
Regulation
This CMC Markets vs HYCM comparison looks at regulation and trust. CMC Markets (founded 1989) is publicly traded, while HYCM (founded 1977) is privately held; neither is a bank. According to ForexBrokers.com, CMC Markets holds a Trust Score of 99 (highly trusted), and HYCM scores 85 (trusted).
On licenses, CMC Markets has six Tier-1 licenses and one Tier-2 license, compared with HYCM’s two Tier-1 and one Tier-2. In ForexBrokers.com’s system, Tier-1 is highly trusted and Tier-2 is trusted, so CMC Markets has a broader set of top-tier approvals, which may matter if you value extensive regulatory oversight.
|
Feature |
CMC Markets
|
HYCM (Henyep Capital Markets)
|
|
Year Founded
info
|
1989
|
1977
|
|
Publicly Traded (Listed)
info
|
Yes
|
No
|
|
Bank
info
|
No
|
No
|
|
Tier-1 Licenses
info
|
6
|
2
|
|
Tier-2 Licenses
info
|
1
|
1
|
|
Tier-3 Licenses
info
|
0
|
0
|
|
Tier-4 Licenses
info
|
0
|
1
|
Fees
CMC Markets comes out ahead of HYCM on commissions and fees, with a lower-cost setup that can suit both casual and active traders. CMC Markets earns a 5-star rating and ranks #4 out of 36 brokers for Commissions and Fees at ForexBrokers.com, while HYCM gets 4.5 stars and ranks #18 out of 36. CMC Markets is known for consistently low spreads across account types, with typical EUR/USD spreads around 0.61 pips, which is below the industry average.
CMC Markets also offers ways to cut trading costs further. Its Price Plus Scheme gives active traders discounts based on Trading Points earned from trading volume, and its FX Active pricing can bring the EUR/USD all-in cost down to about 0.5 pips, including commission. By comparison, HYCM’s Raw account is competitive at about 0.6 pips all-in on EUR/USD, but its Classic account starts from 1.2 pips and its fixed-spread account is 1.5 pips.
Overall, CMC Markets offers the better value for most traders looking for low trading costs, especially if they trade often or want tighter spreads. HYCM is still a solid choice, particularly if you prefer simpler account structures, but it generally does not match CMC Markets on pricing.
|
Feature |
CMC Markets
|
HYCM (Henyep Capital Markets)
|
|
Minimum Deposit
info
|
$0
|
$20
|
|
Average spread (EUR/USD) - Standard account
info
|
1.3
info |
1.3
info |
|
All-in Cost EUR/USD - Active
info
|
0.65
info |
0.6
info |
|
Non-wire bank transfer
info
|
Yes
|
No
|
|
PayPal (Deposit/Withdraw)
info
|
Yes
|
No
|
|
Skrill (Deposit/Withdraw)
info
|
No
|
Yes
|
|
Bank Wire (Deposit/Withdraw)
info
|
Yes
|
Yes
|
Dive deeper: Best Low Spread Forex Brokers.
Range of investments
CMC Markets offers a wider choice of investments than HYCM (Henyep Capital Markets), making it the stronger pick for traders who want more variety. Both brokers support forex trading as CFDs or spot contracts, as well as trading in crypto CFDs, U.S.-listed shares, and international exchange-traded securities. However, CMC Markets stands out with 12,029 tradeable symbols and 141 forex pairs, compared with HYCM’s 1,199 symbols and 70 forex pairs.
CMC Markets also supports copy trading, while HYCM does not, which may matter for investors who want to follow other traders. For range of investments, CMC Markets is rated 5 stars and ranked #9 out of 36 brokers by ForexBrokers.com, while HYCM is rated 4 stars and ranked #27. Neither broker offers the ability to buy actual cryptocurrency directly, so both focus on crypto CFDs rather than delivered coins.
|
Feature |
CMC Markets
|
HYCM (Henyep Capital Markets)
|
|
Forex Trading (Spot or CFDs)
info
|
Yes
|
Yes
|
|
Tradeable Symbols (Total)
info
|
12029
|
1199
|
|
Forex Pairs (Total)
info
|
141
|
70
|
|
U.S. Stocks (Shares)
info
|
Yes
|
Yes
|
|
Global Stocks (Non-U.S. Shares)
info
|
Yes
|
Yes
|
|
Copy Trading
info
|
Yes
|
No
|
|
Cryptocurrency (Underlying)
info
|
No
|
No
|
|
Cryptocurrency (CFDs)
info
|
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.
Trading platforms and tools
CMC Markets and HYCM both give traders a wide choice of platform options, including a free demo account, their own in-house platform, Windows desktop software, web-based trading, MetaTrader 4, and MetaTrader 5. Both also let users trade directly from a chart, which can make it easier to place and manage trades while watching price moves. For traders who want to test strategies first or switch between desktop and browser access, either broker covers the main platform basics well.
The biggest difference is copy trading: CMC Markets offers it, while HYCM does not. That extra feature may matter for beginners or anyone who wants to follow other traders. CMC Markets also comes out ahead in overall platform quality, with a 5-star rating and a ForexBrokers.com ranking of #6 out of 36 brokers in the Trading Platforms and Tools category. HYCM is still a solid choice, but it scores 4 stars and ranks #32, so CMC Markets has the edge for platform features and trading tools.
|
Feature |
CMC Markets
|
HYCM (Henyep Capital Markets)
|
|
Virtual Trading (Demo)
info
|
Yes
|
Yes
|
|
Proprietary Desktop Trading Platform
info
|
Yes
|
Yes
|
|
Desktop Platform (Windows)
info
|
Yes
|
Yes
|
|
Web Platform
info
|
Yes
|
Yes
|
|
Copy Trading
info
|
Yes
|
No
|
|
MetaTrader 4 (MT4)
info
|
Yes
|
Yes
|
|
MetaTrader 5 (MT5)
info
|
Yes
|
Yes
|
|
Charting - Indicators / Studies (Total)
info
|
73
|
30
|
|
Charting - Trade From Chart
info
|
Yes
|
Yes
|
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Forex trading apps
CMC Markets and HYCM both give traders mobile apps for iPhone and Android, plus price alerts and chart tools like trendlines and saved drawings. HYCM offers slightly more technical studies in its app, with 30 compared with CMC Markets’ 29, so chart-focused traders may find a bit more to work with there.
Where CMC Markets stands out is convenience and overall mobile experience. Its watchlists sync with the online account, so changes carry over between devices, while HYCM does not offer that feature. CMC Markets is also rated 5 out of 5 stars for mobile trading apps and ranks #5 out of 36 brokers at ForexBrokers.com, compared with HYCM’s 4-star rating and #30 ranking, making CMC the stronger choice overall for mobile trading.
|
Feature |
CMC Markets
|
HYCM (Henyep Capital Markets)
|
|
Android App
info
|
Yes
|
Yes
|
|
Apple iOS App
info
|
Yes
|
Yes
|
|
Mobile Price Alerts
info
|
Yes
|
Yes
|
|
Mobile Watchlists - Syncing
info
|
Yes
|
No
|
|
Mobile Charting - Indicators / Studies
info
|
29
|
30
|
|
Mobile Charting - Draw Trendlines
info
|
Yes
|
Yes
|
|
Mobile Charting - Trendlines Autosave
info
|
Yes
|
Yes
|
Dive deeper: Best Forex Trading Apps.
Market research
When it comes to market research, CMC Markets and HYCM both give traders useful basics such as daily market commentary, news from top-tier sources like Bloomberg, Reuters, or Dow Jones, and an economic calendar with key global events. Both brokers make it easier to keep up with the markets, but CMC Markets goes further with Autochartist and a sentiment tool that shows long-versus-short positioning across instruments, which can help traders spot trends and trader behavior at a glance.
HYCM, on the other hand, offers Trading Central tools, which CMC Markets does not. Even so, CMC Markets has the edge overall in research quality, with a 5-star rating and a #6 ranking out of 36 brokers for the Research category, compared with HYCM’s 3.5-star rating and #29 ranking. For traders comparing online broker research features, CMC Markets stands out as the stronger choice overall, while HYCM still covers the core news and calendar essentials.
|
Feature |
CMC Markets
|
HYCM (Henyep Capital Markets)
|
|
Daily Market Commentary (Articles)
info
|
Yes
|
Yes
|
|
Forex News (Top-Tier Sources)
info
|
Yes
|
Yes
|
|
Autochartist
info
|
Yes
|
No
|
|
Trading Central
info
|
No
|
Yes
|
|
Client sentiment data
info
|
Yes
|
No
|
|
TipRanks
info
|
No
|
No
|
|
Acuity Trading
info
|
No
|
No
|
|
Economic Calendar
info
|
Yes
|
Yes
|
Dive deeper: Best Brokers for Forex Research.
Beginners and education
When comparing CMC Markets and HYCM (Henyep Capital Markets) for beginner-friendly learning tools, both brokers give new traders a helpful place to start. Each offers at least 10 beginner education videos, and each also falls short on live client webinars, with no regular monthly webinar schedule available. However, CMC Markets stands out more strongly for overall education because it also offers at least 10 advanced videos for more experienced traders, while HYCM does not meet that same mark.
Looking at the bigger picture, CMC Markets is rated 5 stars for Education and ranks #10 out of 36 brokers at ForexBrokers.com, while HYCM is rated 3.5 stars and ranks #27. For beginners who want a wider range of learning material and room to grow over time, CMC Markets appears to offer the stronger education experience overall.
Dive deeper: Best Forex Brokers for Beginners.
Winner
After testing 63 of the best forex brokers, our research and account testing finds that CMC Markets is better than HYCM (Henyep Capital Markets). CMC Markets finished with an overall rank of #5, while HYCM (Henyep Capital Markets) finished with an overall rank of #26.
CMC Markets is well-trusted across the globe, and delivers a terrific trading experience thanks to its excellent pricing and selection of over 12,000 tradeable instruments.
FAQs
Can you trade cryptocurrency with CMC Markets or HYCM (Henyep Capital Markets)?
Neither CMC Markets nor HYCM (Henyep Capital Markets) allows you to buy actual delivered cryptocurrency, but both brokers offer cryptocurrency CFD trading instead.
What funding options does each broker offer?
Both CMC Markets and HYCM (Henyep Capital Markets) support bank wire transfers for deposits and withdrawals; CMC Markets additionally offers ACH or SEPA transfers and PayPal, while HYCM offers Skrill but not ACH or SEPA transfers or PayPal.
announcementPlease 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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|
Broker Screenshots
|
CMC Markets |
HYCM (Henyep Capital Markets) |
|
|
Broker Gallery (click to expand) info
|
|
|
|
|
Regulation
|
CMC Markets |
HYCM (Henyep Capital Markets) |
|
|
Trust Score info
|
99
|
85
|
|
|
Year Founded info
|
1989
|
1977
|
|
|
Publicly Traded (Listed) info
|
Yes
|
No
|
|
|
Bank info
|
No
|
No
|
|
|
Regulated in one or more EU or EEA countries (MiFID). info
|
Yes
info
|
No
info
|
|
|
Tier-1 Licenses info
|
6
|
2
|
|
|
Tier-2 Licenses info
|
1
|
1
|
|
|
Tier-3 Licenses info
|
0
|
0
|
|
|
Tier-4 Licenses info
|
0
|
1
|
|
|
Tier-1 Licenses (Highly Trusted)
|
CMC Markets |
HYCM (Henyep Capital Markets) |
|
|
Australia (ASIC Authorised) info
|
Yes
|
No
|
|
|
Canada (CIRO Authorised) info
|
Yes
|
No
|
|
|
Hong Kong (SFC Authorised) info
|
No
|
Yes
|
|
|
Japan (FSA Authorised) info
|
No
|
No
|
|
|
Singapore (MAS Authorised) info
|
Yes
|
No
|
|
|
Switzerland (FINMA Authorised) info
|
|
|
|
|
United Kingdom (U.K.) (FCA Authorised) info
|
Yes
|
Yes
|
|
|
USA (CFTC Authorized) info
|
No
|
No
|
|
|
New Zealand (FMA Authorised) info
|
Yes
|
No
|
|
|
Regulated in one or more EU or EEA countries (MiFID). info
|
Yes
info
|
No
info
|
|
|
Tier-2 Licenses (Trusted)
|
CMC Markets |
HYCM (Henyep Capital Markets) |
|
|
Kenya (CMA Authorised) info
|
|
|
|
|
Israel (ISA Authorised) info
|
No
|
No
|
|
|
South Africa (FSCA Authorised) info
|
No
|
No
|
|
|
UAE (DFSA, FSRA, or CMA Authorised) info
|
Yes
|
Yes
|
|
|
India (SEBI Authorised) info
|
No
|
No
|
|
|
Jordan (JSC Authorised) info
|
|
|
|
|
Investments
|
CMC Markets |
HYCM (Henyep Capital Markets) |
|
|
Forex Trading (Spot or CFDs) info
|
Yes
|
Yes
|
|
|
Tradeable Symbols (Total) info
|
12029
|
1199
|
|
|
Forex Pairs (Total) info
|
141
|
70
|
|
|
U.S. Stocks (Shares) info
|
Yes
|
Yes
|
|
|
Global Stocks (Non-U.S. Shares) info
|
Yes
|
Yes
|
|
|
Copy Trading info
|
Yes
|
No
|
|
|
Cryptocurrency (Underlying) info
|
No
|
No
|
|
|
Cryptocurrency (CFDs) info
|
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
|
CMC Markets |
HYCM (Henyep Capital Markets) |
|
|
Average spread (EUR/USD) - Standard account info
|
1.3
info
|
1.3
info
|
|
|
All-in Cost EUR/USD - Active info
|
0.65
info
|
0.6
info
|
|
|
Inactivity Fee info
|
Yes
|
No
|
|
|
Order execution: Agency info
|
No
|
Yes
|
|
|
Order execution: Market Maker info
|
Yes
|
Yes
|
|
|
Funding
|
CMC Markets |
HYCM (Henyep Capital Markets) |
|
|
Minimum Deposit info
|
$0
|
$20
|
|
|
PayPal (Deposit/Withdraw) info
|
Yes
|
No
|
|
|
Skrill (Deposit/Withdraw) info
|
No
|
Yes
|
|
|
Bank Wire (Deposit/Withdraw) info
|
Yes
|
Yes
|
|
|
Non-wire bank transfer info
|
Yes
|
No
|
|
|
Trading Platforms
|
CMC Markets |
HYCM (Henyep Capital Markets) |
|
|
Proprietary Desktop Trading Platform info
|
Yes
|
Yes
|
|
|
Desktop Platform (Windows) info
|
Yes
|
Yes
|
|
|
Web Platform info
|
Yes
|
Yes
|
|
|
Copy Trading info
|
Yes
|
No
|
|
|
MetaTrader 4 (MT4) info
|
Yes
|
Yes
|
|
|
MetaTrader 5 (MT5) info
|
Yes
|
Yes
|
|
|
cTrader info
|
No
|
No
|
|
|
Trading Tools
|
CMC Markets |
HYCM (Henyep Capital Markets) |
|
|
Virtual Trading (Demo) info
|
Yes
|
Yes
|
|
|
Price Alerts info
|
Yes
|
Yes
|
|
|
Charting - Indicators / Studies (Total) info
|
73
|
30
|
|
|
Charting - Trade From Chart info
|
Yes
|
Yes
|
|
|
Charts can be saved info
|
Yes
|
Yes
|
|
|
Mobile Trading
|
CMC Markets |
HYCM (Henyep Capital Markets) |
|
|
Android App info
|
Yes
|
Yes
|
|
|
Apple iOS App info
|
Yes
|
Yes
|
|
|
Mobile Price Alerts info
|
Yes
|
Yes
|
|
|
Mobile Watchlist [DELETED] info
|
|
|
|
|
Mobile Watchlists - Syncing info
|
Yes
|
No
|
|
|
Mobile Charting - Indicators / Studies info
|
29
|
30
|
|
|
Mobile Charting - Draw Trendlines info
|
Yes
|
Yes
|
|
|
Mobile Charting - Trendlines Autosave info
|
Yes
|
Yes
|
|
|
Mobile Research - Economic Calendar info
|
Yes
|
Yes
|
|
|
Research
|
CMC Markets |
HYCM (Henyep Capital Markets) |
|
|
Daily Market Commentary (Articles) info
|
Yes
|
Yes
|
|
|
Forex News (Top-Tier Sources) info
|
Yes
|
Yes
|
|
|
Autochartist info
|
Yes
|
No
|
|
|
Trading Central info
|
No
|
Yes
|
|
|
TipRanks info
|
No
|
No
|
|
|
Client sentiment data info
|
Yes
|
No
|
|
|
Economic Calendar info
|
Yes
|
Yes
|
|
|
Education
|
CMC Markets |
HYCM (Henyep Capital Markets) |
|
|
Webinars info
|
No
|
No
|
|
|
Videos - Beginner Trading Videos info
|
Yes
|
Yes
|
|
|
Videos - Advanced Trading Videos info
|
Yes
|
No
|
|
|
Major Forex Pairs
|
CMC Markets |
HYCM (Henyep Capital Markets) |
|
|
GBP/USD [DELETED] info
|
|
|
|
|
USD/JPY [DELETED] info
|
|
|
|
|
EUR/USD info
|
Yes
|
Yes
|
|
|
USD/CHF [DELETED] info
|
|
|
|
|
USD/CAD [DELETED] info
|
|
|
|
|
NZD/USD [DELETED] info
|
|
|
|
|
AUD/USD [DELETED] info
|
|
|
|
|
Review |
CMC Markets Review
|
HYCM (Henyep Capital Markets) Review
|
|
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