Written by ForexBrokers.com
In this head to head comparison of FxPro 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.
FxPro, established in 2006, and HYCM (Henyep Capital Markets), founded in 1977, are both notable online brokers in the trading industry. Neither company is publicly traded or functions as a bank. When comparing their regulatory standings, both FxPro and HYCM hold two Tier-1 licenses, indicating a high level of trust according to ForexBrokers.com, and one Tier-2 license each, underlining their compliance and credibility. Despite these similarities, the ForexBrokers.com Trust Score gives FxPro a slightly higher rating of 90, categorizing it as highly trusted, whereas HYCM scores 86, placing it in the trusted range.
For traders assessing reliability, FxPro's Trust Score suggests a slightly stronger level of confidence compared to HYCM. However, both brokers demonstrate commitment to maintaining trust through their regulatory licenses and longstanding presence in the market. Whether you prioritize a higher trust score or value the extensive history of an established broker like HYCM, both platforms appear to offer secure trading environments backed by significant regulatory oversight.
| Feature |
FxPro
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 2006 | 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 | 2 | 1 |
When comparing the commissions and fees of FxPro and HYCM, it's evident that both brokers have distinct pricing structures. FxPro offers pricing that is higher than the industry average, with its MT4 platform allowing traders to choose between variable or fixed spreads. Variable spreads on FxPro's cTrader platform are more competitive, with EUR/USD spreads effectively at 1.27 pips after commissions. This pricing scheme places FxPro's broker rating at 4 out of 5 stars and a ranking of 32 out of 62 brokers in the commissions and fees category, as per ForexBrokers.com.
On the other hand, HYCM provides a more budget-friendly option, particularly with its Raw account offering competitive pricing. The all-in cost for trading the EUR/USD pair is approximately 0.6 pips after commission. Their Classic account presents a slightly less competitive option with variable spreads starting from 1.2 pips, and there's also a fixed-spread account at 1.5 pips. Reflecting this cost-effectiveness, HYCM is rated 4.5 out of 5 stars and ranks 15th out of 62 brokers in terms of commissions and fees, according to ForexBrokers.com.
Overall, HYCM stands out with its lower average costs to trade and a more favorable broker ranking, making it an appealing option for cost-conscious traders. Conversely, while FxPro provides benefits like an Active Trader program, its overall higher cost puts it slightly behind HYCM for those seeking lower fees.
| Feature |
FxPro
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $100 | $20 |
| Average Spread EUR/USD - Standard | 1.51 | 1.2 |
| All-in Cost EUR/USD - Active | 1.27 | 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 it comes to the variety of investments offered, FxPro and HYCM both allow traders to engage in forex trading through CFDs or spot contracts, ensuring that forex enthusiasts have ample options. FxPro stands out with a selection of 2,249 tradeable symbols compared to HYCM’s 1,199. Both brokers provide access to an impressive 70 forex pairs. However, when it comes to purchasing exchange-traded securities on U.S. exchanges, HYCM holds the advantage by allowing clients to buy shares such as Apple, while FxPro does not offer this option. Conversely, both platforms offer exchange-traded securities on international exchanges, enabling investors to buy shares like Vodafone.
In the realm of cryptocurrency offerings, neither broker allows for the purchase of actual cryptocurrencies, but they both provide derivatives to trade instead. Those interested in copy trading will find FxPro more appealing, as it offers this feature, unlike HYCM. Despite their differences, both brokers share a commendable four-star rating for their range of investments, with FxPro slightly ahead in rankings at #28 compared to HYCM’s #33, as per ForexBrokers.com. This makes both platforms worthy of consideration for investors seeking diverse trading opportunities.
| Feature |
FxPro
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2249 | 1199 |
| Forex Pairs (Total) | 70 | 70 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | Yes | 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.
FxPro and HYCM both offer a range of trading platforms and tools, catering to diverse trading needs. Both brokers provide simulated trading through free virtual demo accounts and offer proprietary platforms developed in-house. Traders can also access their platforms via Windows-based desktop downloads and web browsers, ensuring flexibility. Notably, FxPro surpasses HYCM with its inclusion of copy trading, enhancing portfolio strategies. Both platforms support MetaTrader 4 and 5, facilitating advanced trading options.
When it comes to charting, FxPro and HYCM allow direct trading from stock charts, but FxPro provides more drawing tools, offering 25 compared to HYCM's 15. While both brokers have robust features for watch lists, HYCM edges out slightly with one additional column for customization. Despite these differences, both brokers receive a solid four-star rating for their trading platforms and tools. However, FxPro is ranked higher by ForexBrokers.com at 19th out of 62 brokers, while HYCM stands at 40th, making FxPro the more preferred choice among traders for platform excellence.
| Feature |
FxPro
|
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) | 53 | 30 |
| Charting - Drawing Tools (Total) | 25 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FxPro and HYCM both provide highly functional mobile apps for iPhone and Android devices. These apps are essential for traders on the go, offering stock and forex price alerts to keep you updated on market movements. Both brokers enable users to create watchlists with real-time quotes and utilize multiple time frames—such as daily, weekly, or intraday—on their charts. Moreover, they allow you to draw trendlines on charts and conveniently auto-save these drawings for future reference. However, a key distinction lies in watchlist symbol syncing; FxPro allows your mobile watchlist to sync with your online account, a feature HYCM lacks. This syncing capability ensures a seamless trading experience across devices for FxPro users.
When it comes to technical analysis, FxPro excels with a generous offering of 65 technical studies, compared to HYCM's 30. This broader range provides a more comprehensive toolkit for traders looking to get an edge in the markets. Both mobile apps are reliable, but FxPro’s higher offering in technical studies and watchlist syncing likely contributes to its superior app rating of 4.5 stars, compared to HYCM's 4 stars. In a comparison by ForexBrokers.com of 62 brokers, FxPro shines at #15 for mobile trading apps, significantly ahead of HYCM, which stands at #37.
| Feature |
FxPro
|
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 | 65 | 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.
Both FxPro and HYCM provide their users with daily market commentary and forex news from top-tier sources such as Bloomberg and Reuters, catering to the needs of traders looking for well-rounded updates. When it comes to technical and fundamental research tools, both brokers offer smart insights through Trading Central, which supplies essential technical analytics. However, neither FxPro nor HYCM grant access to tools from Autochartist. A distinctive advantage of FxPro is its sentiment-based trading tool, which offers unique insights into the long and short positions across different currency pairs. This feature is absent in HYCM's offerings.
For those interested in staying ahead of market movements, both FxPro and HYCM provide an economic calendar that highlights significant upcoming global events. While neither broker partners with companies like TipRanks or Acuity Trading for additional research tools, FxPro earns a slightly higher research rating of 4 stars, compared to HYCM's 3.5 stars. On ForexBrokers.com, FxPro holds a stronger position, ranked at #27 among 62 brokers for research, while HYCM is placed at #35, suggesting that FxPro may have a slight edge in market research resources.
| Feature |
FxPro
|
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 | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
FxPro and HYCM both provide a solid foundation for beginner traders through their comprehensive educational offerings. Both brokers ensure learners have access to a minimum of 10 educational pieces focused on forex and CFDs. These resources come in the form of articles, videos, and archived webinars, allowing users to gain a thorough understanding of trading fundamentals. Additionally, both FxPro and HYCM maintain a searchable archive of past webinars, which can be particularly helpful for reviewing key topics at one's own pace. For those just starting in trading, both brokers boast at least 10 beginner-friendly educational videos, paving the way for an accessible introduction to trading concepts. Moreover, each broker offers a detailed investor dictionary, explaining over 50 essential investing terms, which further aids in demystifying the trading landscape for newcomers.
However, both platforms fall short of providing monthly live educational webinars and multiple advanced educational videos tailored for experienced traders, which could be limiting for those seeking ongoing guidance. In terms of education ratings, FxPro edges ahead with a 4-star rating, while HYCM follows closely with a 3.5-star rating. According to ForexBrokers.com, FxPro holds the 17th spot among 62 brokers in the education category, indicating a slightly higher evaluation in educational resources when compared to HYCM's 32nd position. Overall, both brokers offer a friendly learning environment for beginners, though FxPro may have a slight advantage in the depth of its educational experience.
| Feature |
FxPro
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| 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 FxPro is better than HYCM (Henyep Capital Markets). FxPro finished with an overall rank of #21, while HYCM (Henyep Capital Markets) finished with an overall rank of #29.
FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary FxPro Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions).
| Feature |
FxPro
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HYCM (Henyep Capital Markets)
|
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| Trust Score | 90 | 86 |
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FxPro and HYCM (Henyep Capital Markets) both offer the ability to trade cryptocurrency derivatives, but neither platform provides the option to purchase actual (delivered) cryptocurrencies.
When comparing deposit and withdrawal options between FxPro and HYCM (Henyep Capital Markets), FxPro provides more versatility by supporting ACH, SEPA, and PayPal alongside common options like Skrill, Visa, Mastercard, and bank wires, whereas HYCM includes Skrill, Visa, Mastercard, and bank wires but lacks ACH, SEPA, and PayPal capabilities.
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 | FxPro | HYCM (Henyep Capital Markets) | |
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| Trust Score | 90 | 86 | |
| Winner | check_circle | ||
| Review | FxPro Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | FxPro | HYCM (Henyep Capital Markets) | |
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| Regulation | FxPro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trust Score | 90 | 86 | |
| Year Founded | 2006 | 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 | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | FxPro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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) | 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) | FxPro | 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 | FxPro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2249 | 1199 | |
| Forex Pairs (Total) | 70 | 70 | |
| U.S. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | FxPro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.51 | 1.2 | |
| All-in Cost EUR/USD - Active | 1.27 | 0.6 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | FxPro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | $100 | $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 | FxPro | 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 | FxPro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 53 | 30 | |
| Charting - Drawing Tools (Total) | 25 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FxPro | 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 | 65 | 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 | FxPro | 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 | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | FxPro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| 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 | FxPro | 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 | FxPro Review | HYCM (Henyep Capital Markets) Review |
| Overall | FxPro | HYCM (Henyep Capital Markets) | |
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| Trust Score | 90 | 86 | |
| Winner | check_circle | ||
| Review | FxPro Review | HYCM (Henyep Capital Markets) Review |
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