Written by ForexBrokers.com
In this head to head comparison of HYCM (Henyep Capital Markets) vs Exness, 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), founded in 1977, and Exness, established in 2008, are two prominent online brokers that are privately held and non-bank entities. Both companies hold two Tier-1 licenses, reflecting their classification as highly trusted according to ForexBrokers.com standards. While HYCM has one Tier-2 license, Exness holds three, indicating a broader range of regulatory coverages in the trusted category. As of the latest evaluations, HYCM has earned a Trust Score of 86, placing it in the 'trusted' bracket, whereas Exness follows closely with a Trust Score of 81, also denoting its standing as a trusted broker in the financial trading space.
| Feature |
HYCM (Henyep Capital Markets)
|
Exness
|
|---|---|---|
| Year Founded | 1977 | 2008 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 3 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 3 |
When it comes to commissions and fees, HYCM (Henyep Capital Markets) offers a competitive edge through its Raw account, boasting an all-in cost of about 0.6 pips for EUR/USD trades after commission. This makes it a cost-effective choice for traders focusing on tighter spreads. The Classic account, in contrast, provides a variable spread starting from 1.2 pips, suitable for those who prefer a broader price range. Additionally, HYCM’s fixed-spread account begins at a spread of 1.5 pips. HYCM has earned a strong reputation with a 4.5-star rating for commissions and fees, ranking 15th out of 62 brokers on ForexBrokers.com.
Exness offers a diverse range of account types tailored to different trading needs, including two standard accounts and three professional accounts. The trading costs vary depending on the chosen account, with the commission-based accounts offering lower spreads than the commission-free counterparts. Notably, the Zero Spread account includes a per-trade commission of $0.05, while the Raw account charges up to $7 per round turn lot. Both these accounts emphasize lower spreads with market execution. Exness holds a 4-star rating for its commissions and fees and is positioned at the 35th spot among 62 brokers on ForexBrokers.com.
Overall, both HYCM and Exness provide attractive options for traders, with HYCM standing out for its competitive pricing on the Raw account, while Exness offers flexibility across various account types. Depending on whether one prioritizes tighter spreads or diverse account features, both brokers bring valuable offerings to the table. Each platform’s star rating and ranking underscore their prowess in providing cost-effective trading solutions.
| Feature |
HYCM (Henyep Capital Markets)
|
Exness
|
|---|---|---|
| Minimum Deposit | $20 | $10 |
| 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 | No |
| 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 it comes to the variety of investments offered by online brokers, HYCM and Exness each present their own strengths. HYCM offers a wide array of 1,199 trading symbols, including 70 forex pairs, and allows clients to purchase exchange-traded securities on both U.S. and international exchanges. This gives investors the opportunity to directly buy stocks like Apple or Vodafone. Exness, on the other hand, provides 227 trading symbols and a more extensive selection of 96 forex pairs, although it does not allow for direct stock purchases on U.S. or international exchanges. Both brokers offer forex trading as CFDs or spot contracts and support trading in cryptocurrency derivatives, even though they do not offer actual cryptocurrency purchases.
In terms of additional trading options, HYCM does not support copy trading, whereas Exness provides this feature, appealing to those interested in mimicking the strategies of successful traders. As rated by ForexBrokers.com, HYCM scores 4 stars for its range of investments, while Exness is rated 3.5 stars. In rankings of 62 brokers, HYCM holds the 33rd position, and Exness comes in at 55th, highlighting HYCM's broader investment options in comparison. Investors choosing between these platforms should consider their investment goals and preferences for specific trading opportunities.
| Feature |
HYCM (Henyep Capital Markets)
|
Exness
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 227 |
| Forex Pairs (Total) | 70 | 96 |
| 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.
When it comes to trading platforms and tools, both HYCM (Henyep Capital Markets) and Exness provide comprehensive offerings to their users. Each broker provides simulated trading through free demo accounts, allowing users to practice without financial risk. Both brokers have developed proprietary platforms, providing tailored trading experiences unique to their identity. Additionally, traders can access a Windows-based desktop platform and a web-based platform with both brokers, enhancing versatility in trading environments. While HYCM does not support copy trading, Exness does, offering more options for traders interested in mirroring successful strategies. Both brokers support MetaTrader 4 (MT4) and MetaTrader 5 (MT5), ensuring access to popular trading tools and resources. Despite these similarities, Exness stands out with 87 drawing tools offered for charting, compared to HYCM's 15, offering more diverse technical analysis options.
HYCM and Exness both permit direct trading from stock charts, which can be a valuable feature for those who engage in technical trading. Watch lists on both platforms support 7 columns, allowing traders to customize their interfaces according to their preferences. HYCM and Exness share a comparable quality of service, each earning a 4-star rating for their trading platforms and tools. However, in the ForexBrokers.com ranking of 62 brokers, Exness ranks higher at #26, compared to HYCM's #40 position. While each broker offers strong trading platform solutions with notable features, Exness offers slightly more in terms of functionality and ranking among its peers.
| Feature |
HYCM (Henyep Capital Markets)
|
Exness
|
|---|---|---|
| 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 | 107 |
| Charting - Drawing Tools (Total) | 15 | 87 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both HYCM and Exness provide users with mobile apps for both iPhone and Android, making them accessible options for traders on-the-go. They each allow users to receive stock and forex price alerts, as well as draw trendlines on charts—features that can be very helpful for tracking market trends. However, while both platforms support viewing different time frames on charts, HYCM stands out slightly as it automatically saves drawings, a detail where Exness currently falls short.
When it comes to charting capabilities, HYCM offers 30 technical studies, while Exness provides a bit more at 35. Both apps allow the creation of watchlists with real-time quotes, ensuring that users can monitor their preferred stocks and currency pairs efficiently. Despite these similarities, Exness ranks higher than HYCM according to ForexBrokers.com, placing at #26 versus HYCM’s #37. Yet, both share an equal mobile trading app rating of 4 out of 5 stars, reflecting general user satisfaction with their features and functionality.
| Feature |
HYCM (Henyep Capital Markets)
|
Exness
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 35 |
| 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.
Both HYCM (Henyep Capital Markets) and Exness deliver solid market research offerings to their clients. They each provide daily market commentary and access to forex news from leading sources like Bloomberg and Reuters. Additionally, both brokers offer tools from Trading Central, known for its technical analytics, enhancing users' ability to make data-driven decisions. However, neither broker offers tools from Autochartist or provides research from Acuity Trading or TipRanks, which could limit some traders seeking those specific resources.
A distinguishing feature between the two brokers is the availability of sentiment-based trading tools. Exness provides a tool that shows the ratio of long or short positions, giving traders insights into market sentiment. Such a tool is not available with HYCM. Despite these differences, both brokers include an economic calendar, keeping traders informed of essential global news events. Ultimately, both HYCM and Exness share the same research rating of 3.5 stars but differ slightly in their rankings, with HYCM placed higher at #35 compared to Exness at #41 on ForexBrokers.com.
| Feature |
HYCM (Henyep Capital Markets)
|
Exness
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| 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.
When evaluating the educational resources for beginners offered by online brokers HYCM and Exness, both show they have a substantial library dedicated to forex and CFD education. Each broker provides a collection of at least 10 educational materials such as articles, videos, or archived webinars, specifically tailored to these subjects, catering well to the needs of traders who are just starting out. Despite lacking live monthly webinars, both brokers offer searchable archives of previously recorded sessions, allowing learners to access valuable insights at their convenience.
For visual learning, HYCM and Exness make a commendable effort, offering a selection of beginner-focused videos. However, when it comes to more advanced content, neither broker provides 10 or more videos intended for experienced traders. Nevertheless, both brokers supply an investor dictionary featuring over 50 definitions of trading terms, aiding traders in understanding the jargon. While they are both rated at 3.5 stars for their educational content, their rankings differ, with HYCM placed at number 32 and Exness at number 47 out of 62 brokers as per ForexBrokers.com, illustrating a slight edge for HYCM in terms of educational standing.
| Feature |
HYCM (Henyep Capital Markets)
|
Exness
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | Yes |
| 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 Exness. HYCM (Henyep Capital Markets) finished with an overall rank of #29, while Exness finished with an overall rank of #43.
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)
|
Exness
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 81 |
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Both HYCM (Henyep Capital Markets) and Exness do not offer the ability to buy actual (delivered) cryptocurrency, but they do provide options to trade in cryptocurrency derivatives.
Both HYCM (Henyep Capital Markets) and Exness provide similar fund deposit and withdrawal options, allowing users to utilize Skrill, Visa or Mastercard, and bank wires, while neither offers ACH, SEPA, nor PayPal services.
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) | Exness | |
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| Trust Score | 86 | 81 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | Exness Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | Exness | |
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| Regulation | HYCM (Henyep Capital Markets) | Exness | |
|---|---|---|---|
| Trust Score | 86 | 81 | |
| Year Founded | 1977 | 2008 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 1 | 3 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 3 |
| Tier-1 Licenses (Highly Trusted) | HYCM (Henyep Capital Markets) | Exness | |
|---|---|---|---|
| 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) | Exness | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | Yes | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | Yes |
| Investments | HYCM (Henyep Capital Markets) | Exness | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1199 | 227 | |
| Forex Pairs (Total) | 70 | 96 | |
| 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) | Exness | |
|---|---|---|---|
| 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 | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | HYCM (Henyep Capital Markets) | Exness | |
|---|---|---|---|
| Minimum Deposit | $20 | $10 | |
| 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) | Exness | |
|---|---|---|---|
| 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) | Exness | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 107 | |
| Charting - Drawing Tools (Total) | 15 | 87 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | HYCM (Henyep Capital Markets) | Exness | |
|---|---|---|---|
| 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 | 35 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | HYCM (Henyep Capital Markets) | Exness | |
|---|---|---|---|
| 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 | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | Exness | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | Exness | |
|---|---|---|---|
| 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 | Exness Review |
| Overall | HYCM (Henyep Capital Markets) | Exness | |
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| Trust Score | 86 | 81 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | Exness Review |
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