Written by ForexBrokers.com
In this head to head comparison of HYCM (Henyep Capital Markets) vs HFM, 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 HYCM (Henyep Capital Markets) and HFM, both brokers offer solid trust credentials, each having been awarded a Trust Score of 86 by ForexBrokers.com, denoting a 'trusted' status. Established in 1977, HYCM brings a wealth of experience to the table, while HFM, founded in 2010, has rapidly gained a foothold in the online trading sector. Neither broker is publicly traded nor operates as a bank, which indicates their focus is solely on brokerage services rather than broader financial operations.
In terms of regulatory licenses, both HYCM and HFM hold two Tier-1 licenses, which are highly regarded in the industry for upholding stringent standards. However, HFM edges slightly ahead with three Tier-2 licenses compared to HYCM's one, suggesting a broader compliance approach. This gives potential clients confidence as they evaluate the safety and reliability of these platforms in the world of online trading.
| Feature |
HYCM (Henyep Capital Markets)
|
HFM
|
|---|---|---|
| Year Founded | 1977 | 2010 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 3 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing the commissions and fees of HYCM (Henyep Capital Markets) and HFM, it's clear that HYCM offers more competitive rates. HYCM features a Raw account with an appealing all-in cost of approximately 0.6 pips for EUR/USD trades after commissions. This positions it as a cost-effective choice for traders seeking lower fees. Meanwhile, HYCM's Classic account carries a variable spread beginning at 1.2 pips, and there is also an option for a fixed-spread account at 1.5 pips.
On the other hand, HFM's trading costs are slightly above the industry average. Their standard accounts commonly have a spread of 1.2 pips, although the lack of a specific date range suggests potential variability. HFM's Zero account presents an effective spread of 0.7 pips after commission, but like their standard account, this figure isn't confirmed as an average. While the costs are competitive, they do not surpass those offered by HYCM.
In terms of ratings and rankings, HYCM takes the lead with a 4.5-star rating for commissions and fees, securing the 15th spot among 62 brokers according to ForexBrokers.com. Meanwhile, HFM holds a 4-star rating and ranks 31st, reflecting slightly higher trading costs compared to HYCM. These distinctions provide valuable insight for traders focused on minimizing their trading expenses.
| Feature |
HYCM (Henyep Capital Markets)
|
HFM
|
|---|---|---|
| Minimum Deposit | $20 | $0 |
| Average Spread EUR/USD - Standard | 1.2 | 1.2 |
| All-in Cost EUR/USD - Active | 0.6 | 0.7 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | 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 the investment offerings of HYCM and HFM, both brokers provide traders with the ability to engage in forex trading as CFDs or spot contracts. HYCM stands out by offering a notable 1,199 tradeable symbols, including the opportunity to purchase exchange-traded securities on both U.S. and international exchanges. This is a significant advantage for those looking to diversify their investments with individual stocks like Apple and Vodafone. In contrast, HFM offers 500 tradeable symbols but does not provide access to exchange-traded securities on these exchanges.
While HFM excels in offering 102 tradeable forex pairs compared to HYCM’s 70, it also supports copy trading—a feature currently unavailable at HYCM. Both brokers allow trading in cryptocurrency derivatives, though neither offers the purchase of actual cryptocurrencies. Despite their differences, both HYCM and HFM receive a solid four-star rating for their range of investments. HYCM is ranked #33, just slightly ahead of HFM, which stands at #36, demonstrating the close competition in their investment offerings.
| Feature |
HYCM (Henyep Capital Markets)
|
HFM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 500 |
| Forex Pairs (Total) | 70 | 102 |
| 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.
HYCM and HFM both cater to traders by providing comprehensive trading platforms and tools, with each offering a free virtual demo account to simulate trading. Both brokers have developed their own proprietary platforms and support the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. With Windows-based desktop platforms and web-based options, they ensure flexibility for traders. Notably, HFM stands out with its copy trading feature, unlike HYCM. In terms of chart customization, HFM offers more drawing tools—30 compared to HYCM's 15—although both allow trading directly from stock charts. Each broker provides 7 columns for building watch lists, making it convenient for users to track their assets.
Overall, HYCM and HFM receive similar ratings for their trading platforms and tools, both earning 4 stars. However, HYCM is ranked at 40 out of 62 brokers by ForexBrokers.com for this category, slightly ahead of HFM, which is ranked at 42. While neither supports features like DupliTrade or ZuluTrade, their comprehensive offerings make them competitive choices in the online trading space.
| Feature |
HYCM (Henyep Capital Markets)
|
HFM
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| 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 | 15 |
| Charting - Drawing Tools (Total) | 15 | 30 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both HYCM and HFM offer user-friendly mobile apps for iPhone and Android devices, ensuring traders have seamless access to stock and forex markets on-the-go. Both apps support stock and forex price alerts and provide robust charting tools, featuring 30 technical studies and the option to draw trendlines. Users can view different time frames, such as daily, weekly, or intraday, and enjoy the convenience of auto-saving drawings. Additionally, both brokers allow users to create watchlists with real-time quotes; however, neither supports watchlist syncing with online accounts.
In terms of ratings, both HYCM and HFM have earned a solid 4-star rating for their mobile trading apps. When looking at the rankings among 62 brokers by ForexBrokers.com, HYCM secures the 37th spot, while HFM slightly trails at 39th. Despite the narrow margin, both platforms present comparable features that cater well to traders seeking flexibility and convenience in managing their investments via mobile devices.
| Feature |
HYCM (Henyep Capital Markets)
|
HFM
|
|---|---|---|
| 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.
When comparing the market research offerings of HYCM (Henyep Capital Markets) and HFM, both brokers provide daily market commentary and deliver forex news from premier sources such as Bloomberg and Reuters. The two platforms also feature economic calendars displaying crucial global financial events. However, there are some differences in their technical analysis tools. HYCM offers research resources from Trading Central, while HFM lacks such features. On the other hand, HFM provides tools from Autochartist and offers sentiment-based trading resources, which are not available with HYCM.
In terms of ratings and rankings, HFM edges out slightly as it is rated 4 stars for research, compared to 3.5 stars for HYCM. HFM also ranks higher on ForexBrokers.com, coming in at #20 out of 62 brokers in the Research category, while HYCM is placed at #35. Both platforms do not offer tools from TipRanks or Acuity Trading, leaving potential users to consider their specific needs and preferences when choosing a broker for comprehensive market analysis.
| Feature |
HYCM (Henyep Capital Markets)
|
HFM
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| 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 it comes to educational resources for beginner traders, both HYCM and HFM offer a variety of learning materials. HYCM provides more than ten pieces of educational content focused on forex and CFDs, including articles and videos, and a searchable archive of client webinars. For beginners, HYCM also offers over ten videos catering specifically to newcomers in trading. Additionally, HYCM has an investor dictionary with definitions of over 50 investment terms. However, HYCM falls short in hosting live monthly webinars and providing advanced educational videos for experienced traders. This offering leads to a decent educational rating of 3.5 stars, placing them 32nd among 62 brokers in the education category according to ForexBrokers.com.
On the other hand, HFM matches HYCM in terms of offering more than ten educational materials about forex and CFDs, alongside a solid selection of beginner-focused videos. Like HYCM, HFM provides a searchable archive of recorded webinars and an extensive investor dictionary. What sets HFM apart is its commitment to hosting at least one live educational webinar each month and offering over ten advanced educational videos tailored for experienced traders. These comprehensive educational tools give HFM a slightly higher educational rating of 4 stars, though it ranks 37th among 62 brokers in this category per ForexBrokers.com. For beginner traders seeking live interactive learning experiences, HFM might be the better choice, whereas HYCM caters more to a static learning style with its extensive archives.
| Feature |
HYCM (Henyep Capital Markets)
|
HFM
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
| 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 HFM. HYCM (Henyep Capital Markets) finished with an overall rank of #29, while HFM finished with an overall rank of #30.
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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HFM
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 86 |
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Both HYCM (Henyep Capital Markets) and HFM do not offer the option to buy actual delivered cryptocurrency, but they both provide the ability to purchase cryptocurrency derivatives.
Both HYCM (Henyep Capital Markets) and HFM provide similar options for depositing and withdrawing funds, with neither offering ACH or SEPA transfers nor PayPal, but both brokers support Skrill, Visa, Mastercard, and bank wire transfers.
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) | HFM | |
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| Trust Score | 86 | 86 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | HFM Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | HFM | |
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| Regulation | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| Trust Score | 86 | 86 | |
| Year Founded | 1977 | 2010 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 1 | 3 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| 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 | Yes | |
| 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) | HFM | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | Yes | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1199 | 500 | |
| Forex Pairs (Total) | 70 | 102 | |
| 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) | HFM | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | 1.2 | |
| All-in Cost EUR/USD - Active | 0.6 | 0.7 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| Minimum Deposit | $20 | $0 | |
| PayPal (Deposit/Withdraw) | No | 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 | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| 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) | HFM | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 15 | |
| Charting - Drawing Tools (Total) | 15 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| 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) | HFM | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| 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 | HFM Review |
| Overall | HYCM (Henyep Capital Markets) | HFM | |
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| Trust Score | 86 | 86 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | HFM Review |
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