Written by ForexBrokers.com
In this head to head comparison of FXCM 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.
FXCM, established in 1999, and HYCM, founded in 1977, are both well-known online brokers. FXCM stands out with a Trust Score of 95 from ForexBrokers.com, placing it in the highly trusted category. It also has the advantage of being publicly traded, highlighting its transparency and commitment. In terms of regulatory oversight, FXCM boasts four Tier-1 licenses and two Tier-2 licenses, indicating a strong regulatory backing that underscores its reliability in the trading industry.
HYCM, while older with its founding year in 1977, holds a Trust Score of 86, categorizing it as trusted by ForexBrokers.com. Unlike FXCM, HYCM is not publicly traded, which may affect its perceived transparency to some investors. Regulatory-wise, HYCM is supported by two Tier-1 and one Tier-2 licenses, showcasing a firm yet slightly less comprehensive regulatory framework compared to FXCM. Both brokers are not banks, which aligns them as dedicated online trading platforms.
| Feature |
FXCM
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 1999 | 1977 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing FXCM and HYCM on commissions and fees, FXCM's forex trading costs tend slightly above the industry average, offering spreads that vary based on account type and region. For instance, in May 2024, FXCM's standard account spreads on the EUR/USD averaged 0.78 pips in regions like the EU, U.K., and Australia but expanded to 1.38 pips in other jurisdictions such as St. Vincent and the Grenadines. Although FXCM's commission-based accounts boast lower underlying spreads at 0.28 pips, excluding commissions, the effective spread increases to approximately 0.74 pips when commissions are factored in. Additionally, FXCM provides an Active Trader Rebate Program with potential rebates from $5 to $25 per million traded, contingent on trading volume, although this program is not available in the U.K. or EU.
In contrast, HYCM (Henyep Capital Markets) offers competitive pricing with its Raw account, presenting an all-in cost of around 0.6 pips for the EUR/USD after accounting for commissions. Meanwhile, HYCM's Classic account comes with a variable spread that starts at 1.2 pips, and a fixed-spread account at 1.5 pips. Despite its higher spreads on some accounts compared to FXCM, HYCM's Raw account stands out for its attractive pricing model, appealing to traders seeking cost-efficient options.
In terms of ratings, FXCM earns a solid four-star rating for commissions and fees, ranking 24th out of 62 brokers reviewed by ForexBrokers.com. Meanwhile, HYCM secures a slightly higher rating of 4.5 stars and ranks 15th in the same category. This higher rating reflects HYCM's competitive edge in providing cost-effective trading accounts, making it a favored choice among forex traders seeking value in their trading experiences.
| Feature |
FXCM
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | Starts from $50 | $20 |
| Average Spread EUR/USD - Standard | 0.78 | 1.2 |
| All-in Cost EUR/USD - Active | 0.78 | 0.6 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | 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.
When comparing FXCM with HYCM (Henyep Capital Markets) for their investment options, both offer forex trading through CFDs or spot contracts. However, there are distinct differences in their overall offerings. FXCM provides 440 tradeable symbols and 43 forex pairs, while HYCM outshines with 1199 symbols and 70 forex pairs. Notably, HYCM allows clients to buy exchange-traded securities, offering opportunities to invest in U.S. stocks like Apple and international stocks such as Vodafone, a feature FXCM lacks.
In terms of additional investment features, FXCM offers copy trading, which HYCM does not provide. Both firms facilitate trading cryptocurrency derivatives, but neither allows the purchase of actual digital currencies. HYCM's broader range of investment options earns it a higher rating and ranking for the variety of investments, with 4 stars and a rank of 33 out of 62 brokers. On the other hand, FXCM scores 3.5 stars and holds the 47th position on the same list, reflecting a more limited suite of investment choices.
| Feature |
FXCM
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 440 | 1199 |
| Forex Pairs (Total) | 43 | 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.
When comparing FXCM and HYCM's trading platforms and tools, both brokers provide a comprehensive trading experience with unique offerings. FXCM outshines in areas like copy trading and social trading through platforms such as ZuluTrade. It also offers a proprietary platform alongside MetaTrader 4 (MT4), allowing for a customizable and flexible trading environment. Meanwhile, HYCM provides MetaTrader 5 (MT5), catering to traders seeking advanced features. Both brokers support a Windows-based desktop platform and a web-based trading option, along with the ability to trade directly from stock charts.
Feature-wise, FXCM leads with 13 columns for watch lists and receives a higher rating for its trading platforms and tools, achieving 5 stars, versus HYCM's 4 stars. HYCM, however, offers more drawing tools—15 compared to FXCM's 10—enhancing charting capabilities. In rankings, FXCM holds the 6th position out of 62 brokers on ForexBrokers.com compared to HYCM’s rank of 40. Both brokers offer free virtual demo accounts, helping users familiarize themselves with the platforms without financial risk. While both brokers deliver quality trading platforms, the choice largely depends on individual trading preferences and the specific tools valued by the trader.
| Feature |
FXCM
|
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) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 115 | 30 |
| Charting - Drawing Tools (Total) | 10 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 13 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of FXCM and HYCM, both brokers perform well across several features, catering to iPhone and Android users alike. Each app offers stock and forex price alerts, the ability to draw trendlines, view multiple time frames, and create watchlists with real-time quotes. FXCM, however, stands out with its seamless watchlist symbol syncing capability, allowing users to have a consistent experience across devices, a feature that is not available with HYCM. In addition, FXCM provides 59 technical studies for charting, almost double the amount offered by HYCM, which stands at 30.
FXCM also demonstrates its leading edge with an autosave feature for chart drawings, ensuring that users' technical analyses are preserved without hassle. When it comes to user endorsements, FXCM's app shines brighter with a 4.5-star rating, compared to HYCM’s 4-star rating. Lastly, FXCM secures the 16th position out of 62 brokers in the Mobile Trading Apps category on ForexBrokers.com, significantly outranking HYCM, which is placed at 37. This comparison highlights FXCM's superior offerings and broader appeal among mobile traders.
| Feature |
FXCM
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 59 | 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 FXCM and HYCM in terms of market research, both brokers offer daily market commentary and forex news from top-tier sources like Bloomberg and Reuters. They provide access to tools from Trading Central, which aid in technical analytics. Both brokers also feature an economic calendar, helping traders stay updated on important global events. However, there are notable differences. FXCM stands out by offering a sentiment-based trading tool that displays the ratio of long or short positions across currency pairs. Additionally, FXCM offers market research from TipRanks, enhancing their research offerings further.
FXCM's comprehensive research tools earn it a rating of 4.5 out of 5 stars for research, as ranked by ForexBrokers.com, where it holds the 11th position out of 62 brokers. In contrast, HYCM is rated slightly lower at 3.5 stars and is ranked 35th. While both brokers provide essential market research and analysis tools, FXCM offers a broader range of tools and services, giving it an edge for those seeking in-depth market insights.
| Feature |
FXCM
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When exploring educational resources for beginners, FXCM and HYCM both offer valuable learning tools for those interested in forex and CFDs. FXCM provides a comprehensive suite of educational materials, including well over ten articles, videos, and archived webinars, specifically tailored for forex and CFDs education. Notably, FXCM hosts regular online educational client webinars every month and maintains a searchable archive of these valuable sessions. In terms of multimedia resources, FXCM excels by offering at least ten educational videos for both beginner and advanced traders. The broker also features a thorough investor dictionary, helping demystify over 50 investing terms for newcomers.
HYCM, on the other hand, also supplies at least ten educational materials focusing on forex and CFDs, but falls short when it comes to monthly webinars to engage clients in ongoing learning opportunities. Like FXCM, HYCM offers a searchable archive of past webinars, but does not provide an equal number of advanced educational videos, focusing primarily on beginner content. An investor dictionary is available, explaining over 50 terms helpful for beginners. Overall, FXCM achieves a higher education rating of 4.5 stars compared to HYCM's 3.5 stars. Consequently, ForexBrokers.com ranks FXCM at #14 in education among 62 brokers, evidencing its stronger resources compared to HYCM's ranking at #32.
| Feature |
FXCM
|
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 FXCM is better than HYCM (Henyep Capital Markets). FXCM finished with an overall rank of #15, while HYCM (Henyep Capital Markets) finished with an overall rank of #29.
For traders who appreciate advanced trading tools and quality market research, FXCM is a winner, especially for algorithmic trading. Its range of tradeable markets is fairly narrow, however, and the pricing at FXCM is just average.
| Feature |
FXCM
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HYCM (Henyep Capital Markets)
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|---|---|---|
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| Trust Score | 95 | 86 |
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While both FXCM and HYCM do not provide the option to purchase actual (delivered) cryptocurrency, they each offer the ability to trade cryptocurrency derivatives, catering to traders interested in this financial product.
When comparing the deposit and withdrawal options of online brokers, FXCM offers a wider range of options including ACH, SEPA transfers, and PayPal, alongside Skrill, Visa, Mastercard, and bank wires, whereas HYCM (Henyep Capital Markets) supports Skrill, Visa, Mastercard, and bank wires but lacks ACH, SEPA, and PayPal accessibility.
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 | FXCM | HYCM (Henyep Capital Markets) | |
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| Trust Score | 95 | 86 | |
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| Review | FXCM Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | FXCM | HYCM (Henyep Capital Markets) | |
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| Regulation | FXCM | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trust Score | 95 | 86 | |
| Year Founded | 1999 | 1977 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 4 | 2 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | FXCM | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | 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) | Yes | 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) | FXCM | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | Yes | 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 | FXCM | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 440 | 1199 | |
| Forex Pairs (Total) | 43 | 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 | FXCM | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.78 | 1.2 | |
| All-in Cost EUR/USD - Active | 0.78 | 0.6 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FXCM | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | Starts from $50 | $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 | Yes | No |
| Trading Platforms | FXCM | 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) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | FXCM | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 13 | 7 | |
| Charting - Indicators / Studies (Total) | 115 | 30 | |
| Charting - Drawing Tools (Total) | 10 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FXCM | 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 | Yes | No | |
| Mobile Charting - Indicators / Studies | 59 | 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 | FXCM | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FXCM | 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 | FXCM | 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 | FXCM Review | HYCM (Henyep Capital Markets) Review |
| Overall | FXCM | HYCM (Henyep Capital Markets) | |
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| Trust Score | 95 | 86 | |
| Winner | check_circle | ||
| Review | FXCM Review | HYCM (Henyep Capital Markets) Review |
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