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eToro vs HYCM (Henyep Capital Markets) 2026

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025
  Fact Checked

In this head to head comparison of eToro 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.

eToro
5/5 Stars Overall
  • Minimum Deposit: $50-$10,000
  • Trust Score: 97
  • Tradeable Symbols (Total): 7441
HYCM (Henyep Capital Markets)
4/5 Stars Overall
  • Minimum Deposit: $20
  • Trust Score: 85
  • Tradeable Symbols (Total): 1199

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

eToro and HYCM are regulated online brokers with different trust profiles. According to ForexBrokers.com, eToro holds a Trust Score of 97/99, placing it in the highly trusted 90–99 range, while HYCM scores 85/99, which is considered trusted (80–89). In terms of oversight, eToro holds four Tier-1 licenses and one Tier-2 license; HYCM holds two Tier-1 and one Tier-2 license. Tier-1 regulators are viewed as the most stringent by ForexBrokers.com, and Tier-2 regulators are also trusted.

Founded in 2007, eToro is publicly traded and is not a bank. HYCM, founded in 1977, is not publicly traded and is not a bank. Bottom line: eToro offers a higher third-party trust rating and more top-tier licenses, while HYCM brings a longer operating history.

Feature eToro logoeToro
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Year Founded info 2007 1977
Publicly Traded (Listed) info Yes No
Bank info No No
Tier-1 Licenses info 4 2
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1

Fees

When comparing commissions and fees, eToro and HYCM (Henyep Capital Markets) each appeal to different kinds of traders. eToro is a market-maker broker with a typical variable spread of 1 pip on EUR/USD, which is a bit higher than the industry average. It is often chosen less for low trading costs and more for its social copy trading features. eToro also has a VIP program, called eToro Club, with five tiers from Silver to Diamond for balances ranging from $5,000 to $250,000, offering perks such as Trading Central access, lower deposit and withdrawal fees, and dedicated account support. eToro is rated 4 out of 5 stars for commissions and fees and ranks #22 out of 36 brokers.

HYCM generally offers lower pricing on its Raw account, with an all-in EUR/USD cost of about 0.6 pips after commission, making it the better value option for active traders focused on costs. Its Classic account is more expensive, with variable spreads starting from 1.2 pips, while its fixed-spread account comes in at 1.5 pips. HYCM is rated 4.5 out of 5 stars for commissions and fees and ranks #18 out of 36 brokers.

Overall, HYCM has the edge on pricing, especially for traders looking for tighter spreads and lower total trading costs. eToro’s fees are less competitive, but the platform may still suit traders who value copy trading and a simple, social investing experience more than low spreads.

Feature eToro logoeToro
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Minimum Deposit info $50-$10,000 $20
Average spread (EUR/USD) - Standard account info 1 1.3 info
All-in Cost EUR/USD - Active info 1 0.6 info
Non-wire bank transfer info Yes No
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

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Range of investments

When it comes to range of investments, eToro offers a wider selection than HYCM (Henyep Capital Markets). eToro lists 7,441 tradable symbols, compared with HYCM’s 1,199, and it also provides more ways to invest across markets. Both brokers support forex trading and offer access to U.S. and international exchange-traded securities, but HYCM has a slight edge in forex pairs with 70 available versus eToro’s 65. On top of that, eToro stands out for allowing clients to buy actual cryptocurrency, while HYCM only offers crypto CFDs.

eToro also adds copy trading, which can be useful for beginners who want to follow other traders, while HYCM does not offer this feature. Overall, eToro scores 5 out of 5 stars for Range of Investments and ranks #10 out of 36 brokers at ForexBrokers.com, while HYCM earns 4 stars and ranks #27. For traders looking for more choice across assets and extra features, eToro is the broader pick.

Feature eToro logoeToro
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 7441 1199
Forex Pairs (Total) info 65 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 Yes 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

When comparing eToro vs HYCM (Henyep Capital Markets) for trading platforms and tools, both brokers give traders access to a free demo account, a web-based platform, and their own in-house trading platform. Each also lets users trade directly from a chart, which can make it easier to place trades while reviewing price action. In addition, both brokers support simulated trading, so beginners can practice before risking real money.

The bigger differences are in platform choice and trading extras. eToro stands out for copy trading and has a stronger rating for trading platforms and tools, with 4.5 out of 5 stars and an #8 ranking out of 36 brokers by ForexBrokers.com. HYCM, on the other hand, offers a Windows desktop platform plus MetaTrader 4 and MetaTrader 5, which may appeal to traders who want more traditional software options. HYCM is rated 4 out of 5 stars and ranks #32 out of 36 in the same category.

Feature eToro logoeToro
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info No Yes
Web Platform info Yes Yes
Copy Trading info Yes No
MetaTrader 4 (MT4) info No Yes
MetaTrader 5 (MT5) info No Yes
Charting - Indicators / Studies (Total) info 106 30
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

When comparing eToro and HYCM for mobile trading apps, both brokers make it easy to trade on the go with iPhone and Android apps, along with stock and forex price alerts. Both apps also let users draw trendlines on charts, which is helpful for simple chart analysis. If you want a broker with stronger mobile charting tools, eToro stands out by offering 104 technical studies in its app, compared with 30 at HYCM.

eToro also has an edge in overall mobile experience, thanks to watchlist syncing between the app and online account, so updates carry over automatically. HYCM does not offer that feature, although it does save chart drawings automatically, while eToro does not. Based on ForexBrokers.com’s mobile trading apps category, eToro is rated 4.5 out of 5 stars and ranked #10 out of 36 brokers, while HYCM is rated 4 out of 5 stars and ranked #30.

Feature eToro logoeToro
HYCM (Henyep Capital Markets) logoHYCM (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 104 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info No Yes

Dive deeper: Best Forex Trading Apps.

Market research

When it comes to market research, eToro and HYCM (Henyep Capital Markets) both give traders daily market commentary, news from top-tier sources like Bloomberg, Reuters, and Dow Jones, plus an economic calendar to track upcoming events. Neither broker includes Autochartist or Acuity Trading tools, but HYCM does stand out by offering Trading Central’s Technical Analytics, which eToro does not. eToro, on the other hand, offers a sentiment tool that shows the balance of long and short positions, along with market research from TipRanks, giving it a wider mix of built-in research features for everyday traders.

Overall, eToro has the edge in research. It earns 4.5 out of 5 stars and ranks #12 out of 36 brokers for Research on ForexBrokers.com, while HYCM is rated 3.5 out of 5 stars and ranks #29. For traders who want more research tools and sentiment data in one place, eToro offers more variety, while HYCM still covers the basics well and adds Trading Central for extra chart analysis.

Feature eToro logoeToro
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central info No Yes
Client sentiment data info Yes No
TipRanks info Yes No
Acuity Trading info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

For beginners looking for trading education, eToro has a clear edge over HYCM (Henyep Capital Markets). eToro offers forex and CFDs learning content, at least one online educational webinar each month, and a strong library of beginner-friendly videos, plus advanced videos for traders who want to keep learning. That helps make it a better fit for new traders who want steady support and a wider range of lessons. It is also rated 4.5 out of 5 stars for Education and ranks #3 out of 36 brokers in the ForexBrokers.com Education category.

HYCM also provides beginner trading videos and forex or CFDs education, but it does not offer monthly educational webinars and falls behind eToro in advanced video content. While it still gives beginners some useful learning material, its overall education offering is less complete. HYCM is rated 3.5 out of 5 stars for Education and ranks #27 out of 36 brokers, which suggests it may be a better choice for traders who need basic lessons rather than a fuller learning experience.

Feature eToro logoeToro
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Webinars info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that eToro is better than HYCM (Henyep Capital Markets). eToro finished with an overall rank of #9, while HYCM (Henyep Capital Markets) finished with an overall rank of #26.

eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.

Feature eToro logoeToro
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Overall Rating info 5/5 Stars 4/5 Stars
Trust Score info 97 85
Range of Investments 5/5 Stars 4/5 Stars
Trading Fees 4/5 Stars 4.5/5 Stars
Trading Platforms 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Education 5/5 Stars 4/5 Stars

FAQs

Can you trade cryptocurrency with eToro or HYCM (Henyep Capital Markets)?

In the eToro vs HYCM (Henyep Capital Markets) comparison, online broker eToro lets you buy real (delivered) cryptocurrencies and trade crypto CFDs, while HYCM offers cryptocurrency CFDs only and does not support purchasing actual coins.

What funding options does each broker offer?

eToro offers broader deposit and withdrawal options—ACH/SEPA transfers, PayPal, Skrill, and bank wires—while HYCM (Henyep Capital Markets) supports Skrill and bank wire transfers but not ACH/SEPA or PayPal.

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Overall Rating eToro HYCM (Henyep Capital Markets)
Overall Rating info 5/5 Stars 4/5 Stars
Trading Fees 4/5 Stars 4.5/5 Stars
Range of Investments 5/5 Stars 4/5 Stars
Trading Platforms 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Education 5/5 Stars 4/5 Stars
Trust Score info 97 85
Winner check_circle
Review eToro Review HYCM (Henyep Capital Markets) Review
Broker Screenshots eToro HYCM (Henyep Capital Markets)
Broker Gallery (click to expand) info
eToro mobile watchlist eToro web trading platform cryptocurrency watchlist eToro Digest & Invest podcast. eToro academy courses beginners.
HYCM MT5 desktop trading platform HYCM client portal Analyst Views market analysis HYCM YouTube channel videos.
Regulation eToro HYCM (Henyep Capital Markets)
Trust Score info 97 85
Year Founded info 2007 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 4 2
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1
Tier-1 Licenses (Highly Trusted) eToro HYCM (Henyep Capital Markets)
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info No 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 No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-2 Licenses (Trusted) eToro 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 info Yes
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments eToro HYCM (Henyep Capital Markets)
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 7441 1199
Forex Pairs (Total) info 65 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 Yes 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 eToro HYCM (Henyep Capital Markets)
Average spread (EUR/USD) - Standard account info 1 1.3 info
All-in Cost EUR/USD - Active info 1 0.6 info
Inactivity Fee info Yes No
Order execution: Agency info Yes Yes
Order execution: Market Maker info Yes Yes
Funding eToro HYCM (Henyep Capital Markets)
Minimum Deposit info $50-$10,000 $20
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info Yes No
Trading Platforms eToro HYCM (Henyep Capital Markets)
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info No Yes
Web Platform info Yes Yes
Copy Trading info Yes No
MetaTrader 4 (MT4) info No Yes
MetaTrader 5 (MT5) info No Yes
cTrader info No No
Trading Tools eToro HYCM (Henyep Capital Markets)
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 106 30
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading eToro 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 104 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info No Yes
Mobile Research - Economic Calendar info No Yes
Research eToro HYCM (Henyep Capital Markets)
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central info No Yes
TipRanks info Yes No
Client sentiment data info Yes No
Economic Calendar info Yes Yes
Education eToro HYCM (Henyep Capital Markets)
Webinars info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Major Forex Pairs eToro 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 eToro Review HYCM (Henyep Capital Markets) Review
Overall eToro HYCM (Henyep Capital Markets)
Overall Rating info 5/5 Stars 4/5 Stars
Trading Fees 4/5 Stars 4.5/5 Stars
Range of Investments 5/5 Stars 4/5 Stars
Trading Platforms 4.5/5 Stars 4/5 Stars
Mobile Trading 4.5/5 Stars 4/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Education 5/5 Stars 4/5 Stars
Trust Score info 97 85
Winner check_circle
Review eToro Review HYCM (Henyep Capital Markets) Review
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