Written by ForexBrokers.com
In this head to head comparison of HYCM (Henyep Capital Markets) vs GBE brokers, 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.
Founded in 1977, HYCM (Henyep Capital Markets) has established itself as a trusted online broker, boasting a Trust Score of 86 according to ForexBrokers.com. It holds two Tier-1 licenses, making it highly reliable, and one Tier-2 license, which further supports its credibility. HYCM is not publicly traded nor a bank, but its long-standing presence in the industry and robust regulatory backing offer traders a secure environment.
On the other hand, GBE brokers, founded in 2013, holds a Trust Score of 71, classified as average risk. It possesses one Tier-1 license but lacks Tier-2 licenses, which reflects its regulatory standing in comparison. Like HYCM, GBE brokers is neither publicly traded nor a bank. For traders prioritizing security and regulatory assurance, HYCM might be a preferable choice due to its higher trust rating and additional regulatory licenses.
| Feature |
HYCM (Henyep Capital Markets)
|
GBE brokers
|
|---|---|---|
| Year Founded | 1977 | 2013 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When it comes to comparing commissions and fees, HYCM (Henyep Capital Markets) and GBE Brokers offer distinct options for traders. HYCM shines with its Raw account, which provides competitive pricing with an all-in cost of about 0.6 pips for the popular EUR/USD pair, factoring in commissions. Their Classic account, however, tends to be pricier, featuring a variable spread that begins at 1.2 pips. For those preferring predictability, HYCM also offers a fixed-spread account with a spread of 1.5 pips, catering to different trader preferences.
In contrast, GBE Brokers doesn't provide clear details on their average spreads, which may leave some traders looking for more transparency in their trading costs. Despite this, they still emerge as a feasible choice for many traders. When considering the ratings, HYCM stands out with a commission and fees rating of 4.5 stars, showcasing a slightly higher level of satisfaction among its user base. GBE Brokers is not far behind, with a commendable rating of 4 stars.
According to ForexBrokers.com, when ranked among 62 brokers for the Commissions and Fees category, HYCM (Henyep Capital Markets) secures a strong position at number 15. This ranking underscores their competitive edge in pricing. Meanwhile, GBE Brokers sits at number 36, indicative of room for improvement in their offerings compared to some of their peers. Overall, traders considering these brokers should weigh these factors when deciding which platform aligns best with their trading strategies and cost expectations.
| Feature |
HYCM (Henyep Capital Markets)
|
GBE brokers
|
|---|---|---|
| Minimum Deposit | $20 | $500 |
| 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 | Yes |
| 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 HYCM (Henyep Capital Markets) and GBE brokers, both offer a versatile range of investment opportunities catering to diverse trading interests. HYCM leads with a comprehensive selection of 1,199 tradable symbols, providing a broader spectrum for traders compared to GBE's 500 symbols. For forex trading enthusiasts, HYCM presents 70 forex pairs, whereas GBE slightly edges out with 71 pairs. Both brokers facilitate forex trading using CFDs or spot contracts, aligning with various trading strategies. Furthermore, HYCM extends its offerings with access to exchange-traded securities on U.S. and international exchanges, allowing clients to invest directly in companies like Apple and Vodafone. In contrast, GBE does not offer this level of direct market participation.
For those interested in cryptocurrency, both HYCM and GBE brokers provide the option to trade cryptocurrency derivatives, although neither supports the trading of actual cryptocurrencies. While HYCM holds a 4-star rating for its range of investments, GBE brokers trails slightly with a 3.5-star rating. In the ForexBrokers.com ranking, HYCM positions itself at #33 out of 62 brokers for its investment range, ahead of GBE brokers, which is ranked at #44. An additional distinction is GBE brokers' option for copy trading, which attracts traders looking to mirror the strategies of seasoned investors, an option not available with HYCM.
| Feature |
HYCM (Henyep Capital Markets)
|
GBE brokers
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 500 |
| Forex Pairs (Total) | 70 | 71 |
| 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 the trading platforms and tools of HYCM (Henyep Capital Markets) and GBE brokers, both offer simulated trading through free virtual demo accounts, providing a valuable feature for beginners. HYCM distinguishes itself by offering a proprietary platform developed in-house, whereas GBE brokers do not offer their own. Both brokers support Windows-based desktop downloads and web-based trading platforms, making them accessible to a wide range of users. HYCM and GBE brokers also cater to those who prefer MetaTrader 4 (MT4) and MetaTrader 5 (MT5), providing trusted and popular trading solutions.
Both brokers allow traders to execute trades directly from stock charts and provide the same number of drawing tools for charting—15 in total. However, only GBE brokers offer copy trading, allowing clients to mirror strategies from more experienced traders. Watch lists at both brokers feature seven fields. In terms of ratings, both brokers achieved 4 stars for their trading platforms and tools, yet HYCM ranks higher at 40th out of 62 brokers while GBE stands at 57th, according to ForexBrokers.com. This suggests HYCM may have a slight edge in terms of overall platform performance and user satisfaction.
| Feature |
HYCM (Henyep Capital Markets)
|
GBE brokers
|
|---|---|---|
| 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 | 30 |
| Charting - Drawing Tools (Total) | 15 | 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 HYCM (Henyep Capital Markets) and GBE Brokers, both platforms cater to iPhone and Android users, providing convenient trading on the go. Traders can receive stock and forex price alerts through both apps, keeping them informed about market changes. However, neither app offers watchlist symbol syncing, so you'll need to manage watchlists separately on mobile and desktop. Both apps allow users to draw trendlines and view charts with multiple time frames, making technical analysis accessible. Additionally, each app provides 30 technical studies for in-depth chart analysis, and they both support the creation of watchlists with real-time quotes, essential for tracking investments.
When it comes to rankings, both brokers are rated equally at four out of five stars for their mobile trading apps. However, they differ significantly in their standings among 62 brokers according to ForexBrokers.com: HYCM is ranked #37, while GBE Brokers is positioned at #57. Despite these differences, both HYCM and GBE Brokers ensure that all drawings are automatically saved, which is a helpful feature for technical traders who constantly adjust their chart analyses. Overall, both trading apps deliver essential functions that traders expect, though HYCM holds a distinct advantage in industry standing over GBE Brokers.
| Feature |
HYCM (Henyep Capital Markets)
|
GBE brokers
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| 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.
Both HYCM and GBE Brokers provide daily market commentary to help traders stay informed about fluctuations and opportunities in financial markets. Where they diverge is in the depth of information provided: HYCM collaborates with top-tier sources like Bloomberg and Reuters to offer timely forex news, while GBE Brokers does not extend this level of premium news access. This gives an edge to HYCM for those relying on rapid and in-depth market updates. Additionally, HYCM enhances its offerings with tools from Trading Central, specializing in technical analysis, which can serve as a valuable asset for traders looking to refine their strategies. Conversely, GBE Brokers does not provide tools from Trading Central, but they do offer a sentiment-based trading tool that can help traders gauge market moods and trends by displaying ratios of long or short positions across various instruments.
When it comes to economic tools, both brokers have economic calendars that track current and upcoming global news events, which is a basic necessity for any avid trader. Neither broker offers tools from Autochartist, TipRanks, or Acuity Trading. In terms of overall research capability and ranking, HYCM is rated slightly higher with a 3.5-star review compared to GBE Brokers' 3 stars. HYCM is also ranked #35 out of 62 brokers by ForexBrokers.com for the Research category, whereas GBE Brokers is ranked lower at #61, indicating that, while both provide useful research tools, HYCM is generally perceived as offering a more extensive suite of resources for traders. This makes HYCM potentially more appealing for those who prioritize advanced research capabilities in their trading broker.
| Feature |
HYCM (Henyep Capital Markets)
|
GBE brokers
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| 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.
HYCM (Henyep Capital Markets) has a clear advantage over GBE brokers when it comes to educational resources for beginner traders. HYCM provides more than 10 educational materials such as articles, videos, and archived webinars focused primarily on forex and CFDs, ensuring newcomers have ample resources to learn from. Additionally, HYCM offers a searchable archive of past client webinars, allowing users to revisit these helpful sessions as needed. While neither HYCM nor GBE brokers regularly conduct live webinars, the wealth of beginner-oriented videos available through HYCM further enhances their educational offering. Complementing this, HYCM presents an extensive investor dictionary that includes definitions for over 50 essential investing terms.
In contrast, GBE brokers fall short in providing comparable educational support. With less than 10 educational pieces available, beginners may find it challenging to access the foundational knowledge they require. Moreover, GBE brokers do not provide a searchable archive of recorded webinars or a comprehensive investor dictionary, limiting their educational resource accessibility. Both brokers lack advanced video content for experienced traders. However, when rated for educational resources, HYCM edges out with a 3.5-star rating compared to GBE's 3-star rating, and their respective rankings by ForexBrokers.com reflect this distinction, with HYCM standing at #32 while GBE brokers trail at #62.
| Feature |
HYCM (Henyep Capital Markets)
|
GBE brokers
|
|---|---|---|
| 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 | No |
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 GBE brokers. HYCM (Henyep Capital Markets) finished with an overall rank of #29, while GBE brokers finished with an overall rank of #56.
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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GBE brokers
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|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 71 |
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Both HYCM (Henyep Capital Markets) and GBE brokers do not offer the ability to purchase actual delivered cryptocurrencies, but they do provide options to trade cryptocurrency derivatives.
When comparing online brokers, HYCM (Henyep Capital Markets) does not support ACH or SEPA transfers and PayPal for deposits or withdrawals, whereas GBE brokers offer these options along with both platforms supporting Skrill, Visa, Mastercard, and bank wire 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) | GBE brokers | |
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| Trust Score | 86 | 71 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | GBE brokers | |
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| Regulation | HYCM (Henyep Capital Markets) | GBE brokers | |
|---|---|---|---|
| Trust Score | 86 | 71 | |
| Year Founded | 1977 | 2013 | |
| 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 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | HYCM (Henyep Capital Markets) | GBE brokers | |
|---|---|---|---|
| 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) | GBE brokers | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | HYCM (Henyep Capital Markets) | GBE brokers | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1199 | 500 | |
| Forex Pairs (Total) | 70 | 71 | |
| 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) | GBE brokers | |
|---|---|---|---|
| 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) | GBE brokers | |
|---|---|---|---|
| Minimum Deposit | $20 | $500 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | HYCM (Henyep Capital Markets) | GBE brokers | |
|---|---|---|---|
| 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) | GBE brokers | |
|---|---|---|---|
| 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) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | HYCM (Henyep Capital Markets) | GBE brokers | |
|---|---|---|---|
| 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 | 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) | GBE brokers | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| 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) | GBE brokers | |
|---|---|---|---|
| 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 | No |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | GBE brokers | |
|---|---|---|---|
| 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) | GBE brokers | |
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| Trust Score | 86 | 71 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review |
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