Written by ForexBrokers.com
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.
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.
FP Markets and HYCM (Henyep Capital Markets) are both reputable online brokers, though they have notable differences to consider. FP Markets was established in 2005, while HYCM has been in the industry since 1977. Neither company is publicly traded or operates as a bank. Both brokers are competitively regulated; each holds two Tier-1 licenses, demonstrating high trust levels in the industry, alongside one Tier-2 license, signifying a trusted status.
When evaluating trustworthiness, FP Markets earns a Trust Score of 89, categorizing it within the trusted range according to ForexBrokers.com. HYCM, on the other hand, holds a slightly lower Trust Score of 86, still placing it comfortably in the trusted category. Overall, both brokers are well-regulated entities providing secure trading environments, with FP Markets having a marginally higher trust rating.
| Feature |
FP Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 2005 | 1977 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
FP Markets stands out as a highly competitive choice for traders interested in low-cost trading with its commission-based ECN account, particularly on MetaTrader and cTrader platforms. This broker has been recognized as Best in Class for Commissions and Fees in the 2024 Annual Awards. The FP Markets Raw ECN account offers attractive spreads averaging 0.1 pips, resulting in an all-in EUR/USD cost of 0.8 pips when accounting for commissions. However, the Standard account, with average spreads of 1.1 pips, is significantly pricier. While the Iress ViewPoint account caters to better-funded, active traders with a higher cost, the Iress Investor account offers a budget-friendly, though limited, trading experience. FP Markets earned a 5-star rating and is ranked 6th out of 62 brokers in the commissions and fees category.
On the other hand, HYCM (Henyep Capital Markets) provides competitive pricing with its Raw account, featuring an all-in cost of about 0.6 pips on the EUR/USD after including commission. Traders opting for the Classic account face higher costs with spreads starting from 1.2 pips, while the fixed-spread account begins at 1.5 pips. HYCM strikes a balance between affordability and quality, earning a 4.5-star rating for its commissions and fees. In the ForexBrokers.com ranking, HYCM is placed 15th among 62 brokers for this category.
Both FP Markets and HYCM provide variable account options tailored to different trading needs, but FP Markets offers more aggressive pricing with its top-tier Raw ECN account. HYCM delivers similar competitiveness but does not quite match the value offered by FP Markets, particularly for traders who prioritize the lowest possible trading costs. For those comparing overall rankings and ratings, FP Markets maintains a slight edge in both aspects, making it a preferred choice for cost-conscious traders.
| Feature |
FP Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $100 AUD | $20 |
| Average Spread EUR/USD - Standard | 1.2 | 1.2 |
| All-in Cost EUR/USD - Active | 0.7 | 0.6 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | 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.
FP Markets and HYCM (Henyep Capital Markets) both offer online trading, with strengths tailored to different investor needs. FP Markets shines with its impressive offering of 10,000 tradeable symbols compared to HYCM's 1,199, making it an excellent choice for those seeking a broad array of investment options. Additionally, FP Markets provides 71 forex pairs, just edging out the 70 pairs available through HYCM. Furthermore, FP Markets supports copy trading for those interested in mirroring the trades of successful investors. Both brokers facilitate forex trading as CFDs or spot contracts and provide access to cryptocurrency derivatives, not actual cryptocurrencies.
Meanwhile, HYCM distinguishes itself by offering actual exchange-traded securities on both U.S. and international exchanges, such as stocks listed on NASDAQ and the London Stock Exchange—something not available with FP Markets. This feature might attract investors looking to diversify with direct equities. Although FP Markets is rated 4.5 stars for its range of investments, slightly higher than HYCM's 4-star rating, both brokers offer unique benefits depending on the trading experience sought. According to ForexBrokers.com, FP Markets ranks #18 and HYCM #33 out of 62 brokers, indicating strong performance for both within their investment offerings.
| Feature |
FP Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 1199 |
| Forex Pairs (Total) | 71 | 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.
FP Markets and HYCM (Henyep Capital Markets) both offer versatile trading platforms that cater to a range of trading preferences. Both brokers provide a free virtual demo account, allowing traders to gain experience without risking real money. Each broker also delivers access to both proprietary platforms and widely-used MetaTrader 4 and 5, with options for Windows-based desktop downloads and web-based trading platforms. However, FP Markets extends its offering by incorporating copy trading, a feature HYCM lacks, providing additional flexibility for traders interested in mimicking the strategies of others.
When it comes to charting tools, FP Markets slightly edges out HYCM, offering 17 drawing tools compared to HYCM's 15. Both brokers allow clients to trade directly from a stock chart and maintain the same structure in their watch lists with seven available columns. Even though both FP Markets and HYCM receive a solid four-star rating for their trading platforms and tools, FP Markets is ranked 23rd out of 62 brokers by ForexBrokers.com, whereas HYCM holds the 40th position. This difference suggests that while both services are strong contenders, FP Markets may provide a slight edge in user satisfaction and platform functionality.
| Feature |
FP Markets
|
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) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 17 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of FP Markets and HYCM, both brokers offer apps for iPhone and Android devices. This makes trading accessible on the go for a wide range of users. Both platforms enable traders to receive stock and forex price alerts, which is essential for staying updated with market changes. However, neither FP Markets nor HYCM supports watchlist symbol syncing, meaning changes to watchlists have to be manually updated in the mobile app and the online account separately.
In terms of charting features, FP Markets relies on MetaTrader for technical studies, while HYCM offers up to 30 technical studies, giving traders diverse tools for analysis. Both brokers allow users to draw trendlines and view multiple time frames on charts, which aids in versatile trading strategies. Moreover, any drawings made on the charts are automatically saved in both apps. For traders keen on creating watchlists, both FP Markets and HYCM provide this feature with real-time quotes. Despite their similar ratings of four out of five stars in mobile app performance, FP Markets ranks higher at #18 compared to HYCM's #37 position according to ForexBrokers.com, indicating a slight edge in overall mobile app experience.
| Feature |
FP Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 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.
When comparing FP Markets and HYCM for market research offerings, both brokers provide daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters. However, FP Markets stands out by offering technical analysis and fundamental research tools from both Autochartist and Trading Central, while HYCM only provides tools from Trading Central. Additionally, FP Markets includes a sentiment-based trading tool to gauge currency pair positions, a feature HYCM does not provide. Although neither broker offers services from TipRanks or Acuity Trading, they both provide an economic calendar showcasing global events.
In terms of overall research ratings and rankings, FP Markets holds an edge with a 4-star rating and a #25 rank out of 62 brokers according to ForexBrokers.com. HYCM, on the other hand, secures a 3.5-star rating and a position of #35. This showcases FP Markets as a slightly stronger choice for traders seeking comprehensive market research tools and analysis features.
| Feature |
FP Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | 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.
When evaluating educational resources for beginners, FP Markets and HYCM both offer solid starting points for those looking to learn about forex and CFDs. FP Markets provides over ten educational pieces, including articles, videos, and recorded webinars, ensuring a comprehensive foundation. They also feature a robust webinar schedule with monthly live sessions and a searchable archive, giving newcomers versatile ways to learn. Additionally, FP Markets caters to all experience levels with more than ten beginner and advanced trading videos. Their investor dictionary is well-stocked with over 50 term definitions, making it a handy tool for any trader's journey. Rated with four stars and ranked #23 by ForexBrokers.com for educational offerings, FP Markets stands out as a strong choice for beginners.
On the other hand, HYCM also provides more than ten educational resources, including beginner-friendly videos that cover fundamental trading topics. While they do feature a searchable archive of webinars, they fall short of offering monthly live webinars, which might limit real-time engagement opportunities for newcomers. For those looking to deepen their understanding, the absence of advanced educational videos might be a drawback. HYCM compensates with a comprehensive investor dictionary similar to FP Markets. Awarded 3.5 stars and holding the #32 rank from ForexBrokers.com for education, HYCM presents a solid but slightly less extensive educational option compared to FP Markets.
| Feature |
FP Markets
|
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 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 #29.
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 9,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.
| Feature |
FP Markets
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HYCM (Henyep Capital Markets)
|
|---|---|---|
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| Trust Score | 89 | 86 |
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Both FP Markets and HYCM (Henyep Capital Markets) do not offer the ability to buy actual delivered cryptocurrency but do provide the option to purchase cryptocurrency derivatives.
In comparing FP Markets and HYCM, both online brokers offer Skrill, Visa/Mastercard, and bank wire options for deposits and withdrawals; however, FP Markets also supports PayPal for transactions, which HYCM does not, and neither broker provides ACH or SEPA transfer options.
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 | FP Markets | HYCM (Henyep Capital Markets) | |
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| Trust Score | 89 | 86 | |
| Winner | check_circle | ||
| Review | FP Markets Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | FP Markets | HYCM (Henyep Capital Markets) | |
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| Regulation | FP Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trust Score | 89 | 86 | |
| Year Founded | 2005 | 1977 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | FP Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | 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) | FP Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FP Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 1199 | |
| Forex Pairs (Total) | 71 | 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 | FP Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | 1.2 | |
| All-in Cost EUR/USD - Active | 0.7 | 0.6 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FP Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $20 | |
| PayPal (Deposit/Withdraw) | Yes | 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 | FP Markets | 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) | Yes | Yes | |
| cTrader | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | FP Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 17 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FP Markets | 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 | No | No | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 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 | FP Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | 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 | FP Markets | 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 | FP Markets Review | HYCM (Henyep Capital Markets) Review |
| Overall | FP Markets | HYCM (Henyep Capital Markets) | |
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| Trust Score | 89 | 86 | |
| Winner | check_circle | ||
| Review | FP Markets Review | HYCM (Henyep Capital Markets) Review |
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