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FP Markets vs HYCM (Henyep Capital Markets) 2026

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025
  Fact Checked

In this head to head comparison of FP Markets 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.

FP Markets
4.5/5 Stars Overall
  • Minimum Deposit: $100 AUD
  • Trust Score: 90
  • Tradeable Symbols (Total): 10000
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

FP Markets vs HYCM (Henyep Capital Markets): FP Markets was founded in 2005 and HYCM in 1977; neither broker is publicly traded or a bank. On the ForexBrokers.com Trust Score scale (90–99 highly trusted; 80–89 trusted; 70–79 average risk; 60–69 high risk; under 59 not trusted), FP Markets scores 90/99 (highly trusted) and HYCM scores 85/99 (trusted).

In terms of regulatory information, both brokers hold 2 Tier-1 licenses and 1 Tier-2 license, signaling top-tier and trusted oversight. With identical license counts but a higher Trust Score, FP Markets edges HYCM on perceived trust, which can help guide traders weighing safety alongside features and costs.

Feature FP Markets logoFP Markets
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Year Founded info 2005 1977
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 2 2
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 2 1

Fees

FP Markets and HYCM (Henyep Capital Markets) both score 4.5 out of 5 stars for commissions and fees, but FP Markets has the edge in the rankings, placing #11 out of 36 brokers compared with HYCM at #18. FP Markets is known for very low pricing on its commission-based Raw ECN account, with EUR/USD spreads averaging 0.1 pips plus commission, or about 0.8 pips all-in. Its cTrader Raw account is also priced at a flat $6 per round-turn standard lot for forex trading. By contrast, HYCM’s Raw account comes in at about 0.6 pips all-in for EUR/USD, while its Classic account starts from 1.2 pips and its fixed-spread account is 1.5 pips.

FP Markets offers more account variety, but the best value is usually on its Raw ECN setup. Its Standard account is more expensive, with EUR/USD spreads averaging 1.1 pips, and its Iress platform accounts in Australia can add extra costs unless you meet higher deposit or monthly commission requirements. The Iress ViewPoint accounts are aimed at active traders with larger balances, while the lower-cost Iress Investor account cuts fees but also limits features like live data and charting.

For traders focused on keeping costs low, FP Markets is the stronger pick overall because of its cheaper top-tier pricing and better place in the category ranking. HYCM still offers fair pricing, especially on its Raw account, but FP Markets is generally the more competitive choice for commissions and fees.

Feature FP Markets logoFP Markets
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Minimum Deposit info $100 AUD $20
Average spread (EUR/USD) - Standard account info 1.3 info 1.3 info
All-in Cost EUR/USD - Active info 0.9 info 0.6 info
Non-wire bank transfer info No 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.

Featured Offers


Range of investments

FP Markets and HYCM both let you trade forex as CFDs, and each offers crypto CFDs rather than actual cryptocurrencies. FP Markets stands out for choice, with about 10,000 tradeable symbols and 71 forex pairs, compared with HYCM’s 1,199 symbols and 70 forex pairs. FP Markets also supports copy trading, which may appeal to beginners or anyone who wants to follow other traders.

Where HYCM pulls ahead is in access to real shares: it offers exchange-traded securities on both U.S. and international exchanges, while FP Markets does not. In overall range of investments, FP Markets is rated 4.5 out of 5 and ranks #17 out of 36 brokers at ForexBrokers.com, while HYCM is rated 4 out of 5 and ranks #27. For traders looking for the widest selection, FP Markets has the edge; for those who want actual stock investing, HYCM is the better fit.

Feature FP Markets logoFP Markets
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 10000 1199
Forex Pairs (Total) info 71 70
U.S. Stocks (Shares) info No Yes
Global Stocks (Non-U.S. Shares) info No 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

FP Markets and HYCM (Henyep Capital Markets) both give traders a wide choice of trading platforms and tools, including free demo accounts, in-house platforms, Windows desktop downloads, web-based platforms, MetaTrader 4, and MetaTrader 5. Each broker also lets users trade directly from charts, making it easier to place orders while reviewing price action. For traders who want a familiar setup with desktop and browser access plus practice trading, both brokers cover the basics well.

One key difference is that FP Markets offers copy trading, while HYCM does not, which may matter for beginners or anyone looking to follow other traders. Both brokers are rated 4 out of 5 stars for Trading Platforms and Tools, but FP Markets ranks higher with ForexBrokers.com at #22 out of 36 brokers, compared with HYCM at #32. Overall, FP Markets has the edge for traders who want more platform features, while HYCM still provides a solid range of tools for everyday trading.

Feature FP Markets logoFP Markets
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 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 30 30
Charting - Trade From Chart info Yes Yes

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

Forex trading apps

FP Markets and HYCM (Henyep Capital Markets) both give traders iPhone and Android apps, plus stock and forex price alerts, so either broker works well if you want to trade on the go. Both apps also let you draw trendlines and automatically save those drawings, which is useful for chart-based trading. Neither broker offers watchlist symbol syncing, so watchlists do not carry over between the mobile app and the online account.

Where they differ is in charting tools. HYCM offers 30 technical studies in its mobile app, while FP Markets uses the default MetaTrader setup. Both brokers are rated 4 out of 5 stars for mobile trading apps, but FP Markets ranks higher overall with ForexBrokers.com at #20 out of 36 brokers, compared with HYCM at #30. For traders who want a slightly stronger mobile app ranking, FP Markets has the edge, while HYCM offers a more defined set of built-in chart studies.

Feature FP Markets logoFP Markets
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 No No
Mobile Charting - Indicators / Studies info MetaTrader (Default) 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

FP Markets and HYCM both give traders daily market commentary, forex news from major sources like Bloomberg, Reuters, and Dow Jones, plus an economic calendar to track key global events. Both also include Trading Central research tools, which can help with technical analysis and trade ideas. For many everyday traders, this means either broker offers a solid starting point for staying informed on the markets.

FP Markets has the edge in market research depth because it also offers Autochartist and a sentiment tool that shows whether traders are mostly long or short on a pair or instrument. HYCM does not offer Autochartist or a sentiment tool, which may matter for traders who want more ways to spot opportunities. That extra research support helps FP Markets earn a higher Research score of 4 out of 5 and a better ForexBrokers.com ranking at #22 out of 36, compared with HYCM’s 3.5 out of 5 and #29 ranking.

Feature FP Markets logoFP Markets
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 Yes No
Trading Central info Yes 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

FP Markets comes out ahead of HYCM (Henyep Capital Markets) for beginner-friendly education. FP Markets offers forex and CFDs learning material, runs online educational client webinars at least once a month, and has at least 10 beginner videos plus at least 10 advanced videos for more experienced traders. It is rated 4 out of 5 stars for Education and ranks #22 out of 36 brokers on ForexBrokers.com, which points to a stronger overall learning setup for new traders.

HYCM also offers at least 10 beginner videos, but it falls behind FP Markets in several key areas. Based on the details provided, HYCM does not meet the standard for regular monthly educational webinars, and it does not have at least 10 advanced educational videos. It is rated 3.5 out of 5 stars for Education and ranks #27 out of 36, making FP Markets the better choice for beginners who want more ways to learn trading basics.

Feature FP Markets logoFP Markets
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 FP Markets is better than HYCM (Henyep Capital Markets). FP Markets finished with an overall rank of #19, while HYCM (Henyep Capital Markets) finished with an overall rank of #26.

FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 10,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.

Feature FP Markets logoFP Markets
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Overall Rating info 4.5/5 Stars 4/5 Stars
Trust Score info 90 85
Range of Investments 4.5/5 Stars 4/5 Stars
Trading Fees 4.5/5 Stars 4.5/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Research 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 4/5 Stars 4/5 Stars

FAQs

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

FP Markets and HYCM (Henyep Capital Markets) do not offer actual (delivered) cryptocurrency purchases, but both brokers provide access to cryptocurrency CFDs.

What funding options does each broker offer?

Comparing deposit and withdrawal methods at online brokers FP Markets and HYCM (Henyep Capital Markets): both lack ACH/SEPA, both support Skrill and bank wire transfers, FP Markets additionally supports PayPal while HYCM does not, and Visa/Mastercard availability is not specified for either broker.

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Overall Rating FP Markets HYCM (Henyep Capital Markets)
Overall Rating info 4.5/5 Stars 4/5 Stars
Trading Fees 4.5/5 Stars 4.5/5 Stars
Range of Investments 4.5/5 Stars 4/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3.5/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 90 85
Winner check_circle
Review FP Markets Review HYCM (Henyep Capital Markets) Review
Broker Screenshots FP Markets HYCM (Henyep Capital Markets)
Broker Gallery (click to expand) info
FP Markets MT5 mobile trading app watchlist FP Markets MetaTrader 5 MT5 desktop platform. FP Markets research blog technical report detail. FP Markets educational lessons.
HYCM MT5 desktop trading platform HYCM client portal Analyst Views market analysis HYCM YouTube channel videos.
Regulation FP Markets HYCM (Henyep Capital Markets)
Trust Score info 90 85
Year Founded info 2005 1977
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-1 Licenses info 2 2
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 2 1
Tier-1 Licenses (Highly Trusted) FP Markets 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 No No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info No 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) FP Markets HYCM (Henyep Capital Markets)
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info Yes No
UAE (DFSA, FSRA, or CMA Authorised) info No Yes
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments FP Markets HYCM (Henyep Capital Markets)
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 10000 1199
Forex Pairs (Total) info 71 70
U.S. Stocks (Shares) info No Yes
Global Stocks (Non-U.S. Shares) info No 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 FP 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 0.9 info 0.6 info
Inactivity Fee info No No
Order execution: Agency info No Yes
Order execution: Market Maker info Yes Yes
Funding FP Markets HYCM (Henyep Capital Markets)
Minimum Deposit info $100 AUD $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 No No
Trading Platforms FP 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 Yes No
Trading Tools FP Markets HYCM (Henyep Capital Markets)
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 30 30
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading FP 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 No No
Mobile Charting - Indicators / Studies info MetaTrader (Default) 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes
Mobile Research - Economic Calendar info Yes Yes
Research FP 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 Yes Yes
TipRanks info No No
Client sentiment data info Yes No
Economic Calendar info Yes Yes
Education FP Markets 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 FP 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 FP Markets Review HYCM (Henyep Capital Markets) Review
Overall FP Markets HYCM (Henyep Capital Markets)
Overall Rating info 4.5/5 Stars 4/5 Stars
Trading Fees 4.5/5 Stars 4.5/5 Stars
Range of Investments 4.5/5 Stars 4/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3.5/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 90 85
Winner check_circle
Review FP Markets Review HYCM (Henyep Capital Markets) Review
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