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.
HYCM (Henyep Capital Markets), founded in 1977, and HFM, founded in 2010, are online brokers that are not publicly traded and are not banks. For regulation, both brokers hold two Tier-1 licenses (the highest level per ForexBrokers.com). HYCM also holds one Tier-2 license, while HFM holds three Tier-2 licenses.
Per ForexBrokers.com, a Trust Score of 90–99 is highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, and 59 or below not trusted. HYCM and HFM each have a Trust Score of 85 out of 99, placing both in the trusted category.
| 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 |
HYCM (Henyep Capital Markets) and HFM both offer pricing that can work for active traders, but HYCM comes out ahead on commissions and fees. HYCM’s Raw account is the most cost-friendly choice, with an all-in EUR/USD cost of about 0.6 pips after commission, while its Classic account starts from a wider 1.2 pip spread and its fixed-spread account is listed at 1.5 pips. For commissions and fees, HYCM is rated 4.5 out of 5 stars and ranks #18 out of 36 brokers on ForexBrokers.com.
HFM’s trading costs are slightly above the industry average. Its standard accounts typically show a 1.2 pip spread, though the company does not provide a date range, so the real average could be higher. HFM’s Zero account has an effective spread of 0.7 pips after commission, but this is also not presented as an average. HFM is rated 4 out of 5 stars and ranks #28 out of 36 brokers for commissions and fees.
Overall, HYCM appears to offer the stronger value for commissions and fees, especially for traders looking for lower all-in pricing on major pairs like EUR/USD. HFM still offers competitive options, but its typical pricing is less clear and its ranking is lower.
| Feature |
HYCM (Henyep Capital Markets)
|
HFM
|
|---|---|---|
| Minimum Deposit | $20 | $0 |
| Average spread (EUR/USD) - Standard account | 1.3 | 1.8 |
| All-in Cost EUR/USD - Active | 0.6 | 1.1 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
HYCM (Henyep Capital Markets) and HFM both let clients trade forex as CFDs or spot contracts, and both support crypto CFDs, but neither offers delivered cryptocurrency. When it comes to choice, HYCM has the wider menu overall, with 1,199 tradeable symbols and 70 forex pairs, compared with HFM’s 344 symbols and 38 forex pairs. HYCM also stands out for offering exchange-traded shares on both U.S. and international markets, so clients can buy real stocks such as Apple or Vodafone rather than only trading them as CFDs.
HFM has a different edge: it offers copy trading, which HYCM does not. Still, for range of investments, HYCM comes out slightly ahead in the bigger picture. Both brokers are rated 4 out of 5 stars for this category, but ForexBrokers.com places HYCM at #27 and HFM at #28 out of 36 brokers, reflecting HYCM’s broader selection of markets and instruments.
| Feature |
HYCM (Henyep Capital Markets)
|
HFM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 344 |
| Forex Pairs (Total) | 70 | 38 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | No | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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 (Henyep Capital Markets) and HFM both give traders a wide set of platform choices, including free demo accounts, a proprietary platform, Windows desktop software, web-based access, and support for MetaTrader 4 and MetaTrader 5. Both brokers also let users trade directly from charts and have earned the same 4-star rating for Trading Platforms and Tools. In ForexBrokers.com’s ranking for this category, HYCM places slightly ahead at #32 out of 36 brokers, while HFM sits just behind at #33.
The biggest difference is copy trading: HFM offers it, while HYCM does not. For traders who want to follow and copy other investors, that may make HFM the more flexible choice. For everyone else, the two brokers are closely matched on platform access and core trading tools, with neither broker clearly standing out in the available charting and watch list details.
| Feature |
HYCM (Henyep Capital Markets)
|
HFM
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 30 | 38 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
HYCM (Henyep Capital Markets) and HFM both offer mobile trading apps for iPhone and Android, and each lets users set stock or forex price alerts. Both apps also support trendline drawing on charts and automatically save those drawings, which makes it easier to track ideas while trading on the go. In ForexBrokers.com’s Mobile Trading Apps category, both brokers are rated 4 out of 5 stars, showing a similar overall experience for mobile users.
The main difference is in charting tools and ranking. HYCM’s mobile app offers 30 technical studies, while HFM provides only 5, giving HYCM a clear edge for traders who want more chart analysis options on a phone or tablet. Neither broker offers watchlist symbol syncing between the mobile app and online account. In the ForexBrokers.com rankings out of 36 brokers, HYCM places slightly higher at #30, compared with HFM at #32.
| Feature |
HYCM (Henyep Capital Markets)
|
HFM
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 5 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
HYCM and HFM both provide daily market commentary, forex news from major sources like Bloomberg and Reuters, and an economic calendar with upcoming global events, making each a solid choice for staying on top of market moves. HYCM stands out for its Trading Central tools, while HFM does not offer those; however, HFM offers Autochartist, sentiment-based trading data, and Acuity Trading tools, which HYCM lacks. Neither broker offers TipRanks research.
Overall, HFM has the edge for market research with a 4-star rating and a higher ForexBrokers.com ranking of #18 out of 36 brokers, compared with HYCM’s 3.5-star rating and #29 ranking. In simple terms, both brokers cover the basics well, but HFM gives traders a wider set of research tools, while HYCM’s main advantage is its Trading Central support.
| Feature |
HYCM (Henyep Capital Markets)
|
HFM
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central | Yes | No |
| Client sentiment data | No | Yes |
| TipRanks | No | No |
| Acuity Trading | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing HYCM (Henyep Capital Markets) and HFM for beginner trading education, both brokers give new traders a helpful starting point. Each offers at least 10 beginner-focused videos on trading topics, which makes it easier to learn the basics of forex and CFDs at your own pace. HYCM also earns a 3.5-star Education rating from ForexBrokers.com and ranks #27 out of 36 brokers, while HFM is rated slightly higher at 4 stars but sits lower at #29 in the same category.
The bigger difference shows up as traders become more experienced. HFM offers at least 10 advanced educational videos and also runs online educational client webinars at least once a month, giving learners more chances to keep building skills. HYCM does not offer monthly educational webinars and does not meet the advanced video threshold. In short, HYCM is a solid option for beginners, but HFM provides a wider range of learning support for traders who want to move beyond the basics.
| Feature |
HYCM (Henyep Capital Markets)
|
HFM
|
|---|---|---|
| Webinars | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 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 #26, while HFM finished with an overall rank of #27.
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).
| Feature |
HYCM (Henyep Capital Markets)
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HFM
|
|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 85 |
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HYCM (Henyep Capital Markets) vs HFM: neither broker allows purchasing actual delivered cryptocurrencies, but both provide cryptocurrency CFD trading.
HYCM (Henyep Capital Markets) vs HFM: for deposit and withdrawal methods, neither supports ACH/SEPA or PayPal, both support Skrill and bank wire transfers, and Visa/Mastercard availability is not specified.
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 | 85 | 85 | |
| 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 | 85 | 85 | |
| 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 (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| 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) | Yes | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1199 | 344 | |
| Forex Pairs (Total) | 70 | 38 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | No | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 account | 1.3 | 1.8 | |
| All-in Cost EUR/USD - Active | 0.6 | 1.1 | |
| Inactivity Fee | No | Yes | |
| Order execution: Agency | Yes | No | |
| Order 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 | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 38 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 5 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central | Yes | No | |
| TipRanks | No | No | |
| Client sentiment data | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| Webinars | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | HYCM (Henyep Capital Markets) Review | HFM Review |
| Overall | HYCM (Henyep Capital Markets) | HFM | |
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| Trust Score | 85 | 85 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | HFM Review |
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