Written by ForexBrokers.com
In this head to head comparison of HYCM (Henyep Capital Markets) vs FXGT.com, 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.
When comparing online brokers HYCM (Henyep Capital Markets) and FXGT.com, one notable difference lies in their regulatory backing and trust scores. Established in 1977, HYCM has a longer history and holds two Tier-1 licenses and one Tier-2 license. ForexBrokers.com awards HYCM a Trust Score of 86, placing it in the "trusted" category. In contrast, FXGT.com, founded in 2019, holds one Tier-1 license and one Tier-2 license but receives a Trust Score of 69, indicating a "high risk" status. Neither broker is publicly traded or operates as a bank.
These distinctions highlight the varying levels of regulatory approval and trust associated with each broker. HYCM's higher Trust Score and additional Tier-1 licenses suggest a higher level of reliability in the eyes of ForexBrokers.com. Meanwhile, FXGT.com's ratings reflect the higher risk perception, perhaps due to its shorter operational history and fewer high-tier regulatory endorsements. Whether you're looking for a broker with extensive experience or one with particular regulatory standings, these differences are important to consider in your decision-making process.
| Feature |
HYCM (Henyep Capital Markets)
|
FXGT.com
|
|---|---|---|
| Year Founded | 1977 | 2019 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When evaluating HYCM (Henyep Capital Markets) for commissions and fees, traders will find a range of account options suiting different pricing preferences. The Raw account stands out with its appealing all-in cost, which is around 0.6 pips for the EUR/USD currency pair, factoring in the commission. Meanwhile, the Classic account is on the pricier side, featuring a variable spread that begins at 1.2 pips. For those who prefer a fixed-rate option, HYCM offers a fixed-spread account with a spread of 1.5 pips. These options contribute to HYCM's favorable rating of 4.5 stars, securing it a commendable 15th place among 62 brokers in the Commissions and Fees category according to ForexBrokers.com.
On the other hand, FXGT.com lacks specific data on average spreads, making it challenging for potential users to weigh its costs as transparently as with other brokers. This limitation places FXGT.com at a lower ranking, coming in at 55th out of 62 brokers evaluated by ForexBrokers.com for commissions and fees. With a star rating of 3.5, FXGT.com lags behind HYCM in this category, reflecting a need for more clarity or improvement in their fee structures to compete more effectively with higher-ranked brokers.
Overall, HYCM shines with highly competitive pricing for traders seeking low costs in currency trading, whereas FXGT.com offers less visibility in terms of cost structure, which may be a consideration for those deciding between the two. Both brokers provide unique offerings, but HYCM appears more favorable in terms of transparency and predictability in commissions and fees, supporting its higher rating and rank.
| Feature |
HYCM (Henyep Capital Markets)
|
FXGT.com
|
|---|---|---|
| Minimum Deposit | $20 | $5 |
| 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 | Yes |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
HYCM (Henyep Capital Markets) and FXGT.com both offer forex trading, allowing users to trade forex as either a CFD or a spot contract. However, the breadth of investments available at HYCM is larger, with 1,199 tradable symbols compared to FXGT.com's 117. HYCM also has a wider range of forex pairs, providing access to 70 pairs, whereas FXGT.com offers 53. On top of forex, HYCM allows access to securities on both U.S. and international exchanges, letting investors buy shares like Apple and Vodafone directly. In contrast, FXGT.com does not offer trading in real, exchange-traded securities.
When it comes to additional trading options, HYCM enables trading in cryptocurrency derivatives but does not support buying actual cryptocurrencies, similar to FXGT.com's offering. Yet, FXGT.com distinguishes itself by providing a copy trading feature, which is absent from HYCM's platform. These differences contribute to HYCM receiving a four-star rating for its range of investments, ranking it at #33 out of 62 brokers according to ForexBrokers.com, while FXGT.com secures a three-star rating, placing it at #60 in the same category.
| Feature |
HYCM (Henyep Capital Markets)
|
FXGT.com
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 117 |
| Forex Pairs (Total) | 70 | 53 |
| 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 comparing HYCM (Henyep Capital Markets) and FXGT.com, both brokers provide essential tools for traders, including free virtual demo accounts and widely-used platforms like MetaTrader 4 and MetaTrader 5. HYCM also develops its own proprietary platform, offering users a unique trading experience, whereas FXGT.com does not. Both brokers support Windows-based desktop and web-based browser platforms, ensuring accessibility across various devices. In terms of visual trading aids, FXGT.com surpasses HYCM with 23 drawing tools compared to HYCM’s 15, allowing for more detailed technical analyses.
In terms of trading directly from a stock chart, both providers support this feature. While HYCM boasts seven columns for watch lists, FXGT.com offers only five. Despite these differences, both platforms receive a respectable rating of four out of five stars for trading tools. However, according to a ForexBrokers.com ranking, HYCM is positioned at #40, revealing stronger recognition in their tools' attractiveness compared to FXGT.com’s #56 ranking. Although both brokers provide competitive environments for traders, individuals should evaluate each platform’s unique offerings and see which specific features align with their trading strategies and goals.
| Feature |
HYCM (Henyep Capital Markets)
|
FXGT.com
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| 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 | 37 |
| Charting - Drawing Tools (Total) | 15 | 23 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both HYCM and FXGT.com offer dedicated mobile trading apps for iPhone and Android, making it convenient for users to trade on the go. When it comes to basic features, both platforms provide stock and forex price alerts, the ability to draw trendlines, and support multiple time frames for charts. They also offer 30 technical studies for chart analysis and allow users to create watchlists with real-time quotes. However, one standout difference is the ability to sync watchlist symbols with the online account: FXGT.com offers this feature, while HYCM does not.
In terms of ratings and rankings, HYCM seems to have a slight edge with a rating of 4 stars compared to FXGT.com's 3.5 stars. Additionally, HYCM is ranked #37 out of 62 brokers in the Mobile Trading Apps category by ForexBrokers.com, whereas FXGT.com holds the #58 spot. Despite their similarities, these distinctions may influence traders who prioritize these specific features or value industry rankings when choosing between HYCM and FXGT.com's mobile trading apps.
| Feature |
HYCM (Henyep Capital Markets)
|
FXGT.com
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 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 the market research offerings of HYCM (Henyep Capital Markets) and FXGT.com, HYCM stands out with several unique features. HYCM provides daily market commentary and sources forex news from prestigious outlets like Bloomberg and Reuters. Additionally, it offers technical analysis tools through Trading Central but lacks sentiment-based trading tools which FXGT.com provides. While both brokers feature an economic calendar for tracking global news events, neither utilizes research services from Autochartist, Acuity Trading, or TipRanks. HYCM’s emphasis on thorough market insights is reflected in its higher research rating of 3.5 stars compared to FXGT.com’s 3 stars.
In terms of overall rankings, HYCM is positioned at 35 out of 62 brokers in the Research category according to ForexBrokers.com, indicating a more noteworthy commitment to market analysis than FXGT.com, which ranks 56th. While FXGT.com does offer a sentiment-based trading tool to gauge position ratios on currency pairs, its lack of diverse research tools could contribute to its lower standing. In summary, HYCM might be a preferable option for traders seeking comprehensive market news and analytical tools for informed trading decisions.
| Feature |
HYCM (Henyep Capital Markets)
|
FXGT.com
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| 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 comparing the educational resources available for beginners at HYCM (Henyep Capital Markets) and FXGT.com, HYCM appears to offer a more comprehensive range of materials. HYCM provides beginners with access to a variety of educational resources, including over 10 materials such as articles, videos, and archived webinars focused on forex and CFDs. Additionally, HYCM maintains a searchable archive of past webinars and offers a substantial selection of beginner-friendly educational videos. Both HYCM and FXGT.com offer investor dictionaries containing over 50 investing terms, ensuring that new traders can enhance their understanding of key concepts.
On the other hand, FXGT.com does not meet the minimum criteria of offering 10 educational pieces specifically about forex or CFDs, nor do they provide a searchable archive of webinars or a sufficient number of beginner educational videos. This disparity in offerings is reflected in their educational ratings and rankings, with HYCM receiving a 3.5-star rating and ranking 32nd out of 62 brokers, while FXGT.com has a slightly lower 3-star rating and ranks 59th. For beginners seeking a solid educational foundation, HYCM might be the preferable choice.
| Feature |
HYCM (Henyep Capital Markets)
|
FXGT.com
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| 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 FXGT.com. HYCM (Henyep Capital Markets) finished with an overall rank of #29, while FXGT.com finished with an overall rank of #58.
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)
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FXGT.com
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 69 |
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Both HYCM (Henyep Capital Markets) and FXGT.com do not offer the ability to buy actual (delivered) cryptocurrencies, but they do provide options to purchase cryptocurrency derivatives.
When comparing online brokers, HYCM (Henyep Capital Markets) and FXGT.com differ in their deposit and withdrawal options, with HYCM not supporting ACH or SEPA transfers but offering Skrill alongside Visa, Mastercard, and bank wires, whereas FXGT.com supports ACH and SEPA transfers while lacking Skrill, and also provides Visa, Mastercard, and bank wire options for transactions.
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) | FXGT.com | |
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| Trust Score | 86 | 69 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | FXGT.com | |
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| Regulation | HYCM (Henyep Capital Markets) | FXGT.com | |
|---|---|---|---|
| Trust Score | 86 | 69 | |
| Year Founded | 1977 | 2019 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | HYCM (Henyep Capital Markets) | FXGT.com | |
|---|---|---|---|
| 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 | No | |
| 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) | FXGT.com | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| 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 | No |
| Investments | HYCM (Henyep Capital Markets) | FXGT.com | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1199 | 117 | |
| Forex Pairs (Total) | 70 | 53 | |
| 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) | FXGT.com | |
|---|---|---|---|
| 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 | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | HYCM (Henyep Capital Markets) | FXGT.com | |
|---|---|---|---|
| Minimum Deposit | $20 | $5 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | HYCM (Henyep Capital Markets) | FXGT.com | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| 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) | FXGT.com | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 5 | |
| Charting - Indicators / Studies (Total) | 30 | 37 | |
| Charting - Drawing Tools (Total) | 15 | 23 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | HYCM (Henyep Capital Markets) | FXGT.com | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 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 | HYCM (Henyep Capital Markets) | FXGT.com | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | FXGT.com | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | FXGT.com | |
|---|---|---|---|
| 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 |
| Overall | HYCM (Henyep Capital Markets) | FXGT.com | |
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| Trust Score | 86 | 69 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review |
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