Written by ForexBrokers.com
In this head to head comparison of HYCM (Henyep Capital Markets) vs IFC 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.
Founded in 1977, HYCM (Henyep Capital Markets) offers a longer track record compared to IFC Markets, which started in 2006. Both brokers operate privately and are not listed on any stock exchange, nor are they banks. Despite these similarities, their regulatory standing differs significantly. HYCM holds two Tier-1 licenses, highly trusted by ForexBrokers.com, while IFC Markets lacks any Tier-1 licenses. Both have one Tier-2 license, which is considered trusted.
When it comes to trustworthiness based on ForexBrokers.com ratings, HYCM stands out with a Trust Score of 86, placing it in the 'trusted' category. In comparison, IFC Markets receives a score of 73, indicating an 'average risk' rating. These differences in regulation and trust scores are crucial factors for potential investors weighing their options between these two online brokers.
| Feature |
HYCM (Henyep Capital Markets)
|
IFC Markets
|
|---|---|---|
| Year Founded | 1977 | 2006 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 0 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When evaluating online brokers based on commissions and fees, HYCM (Henyep Capital Markets) and IFC Markets offer distinct choices. HYCM provides a Raw account with competitive pricing, featuring an all-in cost of approximately 0.6 pips for the EUR/USD after accounting for commission. For those interested in different pricing structures, HYCM also offers a Classic account with a variable spread starting from 1.2 pips, and a fixed-spread account with a spread of 1.5 pips.
On the other hand, IFC Markets does not provide specific average spread data, which might make it challenging for potential traders to gauge the exact costs upfront. However, in general, IFC Markets maintains a notable reputation among brokers for its commission and fee structures.
In terms of star ratings and rankings, HYCM shines with a 4.5-star rating and holds the 15th position out of 62 brokers for commissions and fees, according to ForexBrokers.com. IFC Markets trails slightly with a 4-star rating and ranks 39th. These ratings and rankings reflect their respective appeal to traders seeking cost-effective trading solutions.
| Feature |
HYCM (Henyep Capital Markets)
|
IFC Markets
|
|---|---|---|
| Minimum Deposit | $20 | $1 |
| Average Spread EUR/USD - Standard | 1.2 | 1.44 |
| All-in Cost EUR/USD - Active | 0.6 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | No |
| 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.
When looking at HYCM (Henyep Capital Markets) and IFC Markets, investors have different options for trading. Both brokers offer forex trading through CFDs or spot contracts, catering to those interested in currency markets. However, HYCM stands out with a larger selection of tradable symbols, offering 1,199 compared to IFC Markets' 630. This broader range includes 70 forex pairs with HYCM, while IFC Markets provides 49. Additionally, HYCM allows clients to invest in exchange-traded securities on U.S. exchanges, enabling direct stock purchases such as Apple. While both brokers permit access to international exchanges, only IFC Markets offers copy trading for those interested in mimicking other investors' moves.
For cryptocurrency enthusiasts, both HYCM and IFC Markets provide cryptocurrency derivatives but not direct cryptocurrency purchases. In terms of performance, HYCM is rated slightly higher than IFC Markets with 4 out of 5 stars for their range of investments, compared to IFC's 3.5 stars. This minor edge is echoed in their rankings by ForexBrokers.com, where HYCM holds the 33rd spot, and IFC Markets ranks 43rd out of 62 brokers for investment options. These aspects may guide potential investors in choosing the broker that aligns best with their portfolio aspirations.
| Feature |
HYCM (Henyep Capital Markets)
|
IFC Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 630 |
| Forex Pairs (Total) | 70 | 49 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| 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). |
Dive deeper: Best Copy Trading Platforms.
When comparing the trading platforms and tools offered by online brokers HYCM and IFC Markets, both cater to a wide range of trader preferences with their diverse offerings. Each platform allows traders to practice with a virtual demo account, making it easy for beginners to learn the ropes without any financial risk. Both brokers provide proprietary platforms, as well as Windows-based desktop and web-based trading options, accommodating the tech setup most traders are accustomed to. Notably, both brokers support popular trading software MetaTrader 4 and MetaTrader 5, although IFC Markets stands out by offering the additional feature of copy trading, a service not available with HYCM.
Charting capabilities at both brokers include 15 drawing tools and the ability to trade directly from stock charts, though neither broker integrates platforms like DupliTrade or ZuluTrade. Users managing multiple investments can benefit from the seven-watch list columns provided by both brokers. For their trading platforms and tools, both HYCM and IFC Markets receive a commendable four-star rating. However, IFC Markets slightly edges out HYCM in rankings by ForexBrokers.com, coming in at number 36 out of 62 brokers, compared to HYCM's position at 40. This suggests a marginally stronger performance by IFC Markets in this particular area, as perceived by industry reviews.
| Feature |
HYCM (Henyep Capital Markets)
|
IFC Markets
|
|---|---|---|
| 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 | 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.
Both HYCM (Henyep Capital Markets) and IFC Markets provide mobile apps for iPhone and Android users, making it easy for traders to access their platforms on the go. These apps offer essential features like stock and forex price alerts, the ability to draw trendlines, and the capability to view charts in multiple time frames, such as daily, weekly, or intraday. Each app provides 30 technical studies for chart analysis, helping traders make informed decisions. Additionally, the apps support the creation of watchlists with real-time quotes, and drawings on charts are automatically saved for future reference.
However, a notable difference between the two brokers is that IFC Markets offers watchlist symbol syncing, allowing users to seamlessly update their watchlists across both mobile and online platforms, while HYCM does not. Despite this, both brokers receive a four-star rating for their mobile trading apps. For overall rankings among 62 brokers, HYCM is positioned higher at #37, compared to IFC Markets at #52, according to ForexBrokers.com. This indicates slightly better user satisfaction with HYCM's mobile trading experience.
| Feature |
HYCM (Henyep Capital Markets)
|
IFC Markets
|
|---|---|---|
| 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 it comes to market research offerings, both HYCM and IFC Markets provide daily market commentary and comprehensive economic calendars, helping traders keep track of global news events. A distinguishing factor between the two is that HYCM offers forex news from top-tier sources like Bloomberg and Reuters, whereas IFC Markets does not provide this level of news access. Furthermore, HYCM collaborates with Trading Central to offer technical analysis tools, giving its clients enhanced analytical capabilities, a feature IFC Markets lacks. On the other hand, IFC Markets stands out by offering a sentiment-based trading tool that illustrates the ratio of long and short positions across various instruments, a service not available through HYCM.
While neither broker integrates Autochartist, TipRanks, or Acuity Trading into their research offerings, each one maintains a respectable research quality. Both HYCM and IFC Markets are rated 3.5 stars for research capabilities. However, in a ranking of 62 brokers, HYCM holds a slightly higher position at #35, compared to IFC Markets, which ranks #40 according to ForexBrokers.com. This subtle distinction may influence a trader's choice depending on the specific research tools and market insights they prioritize in their trading journey.
| Feature |
HYCM (Henyep Capital Markets)
|
IFC Markets
|
|---|---|---|
| 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.
Both HYCM (Henyep Capital Markets) and IFC Markets offer a range of educational resources to help beginners dive into the world of forex and CFDs. Each broker provides at least 10 educational pieces, including articles, videos, and webinars, focusing on forex or CFDs. For those who prefer video content, both brokers fulfill the needs of beginners, offering at least 10 videos tailored to newcomers in trading. Additionally, both HYCM and IFC Markets provide an investor dictionary with over 50 investment term definitions to help users understand the terminology better.
However, there are some differences worth noting. While HYCM has a searchable archive of previously recorded client webinars, IFC Markets does not offer this feature, which might be a consideration for those who value access to past educational sessions. On the other hand, IFC Markets excels in catering to experienced traders, offering at least 10 advanced educational videos, which HYCM does not provide. Despite their distinct features, both brokers receive 3.5-star ratings for their educational services and are closely ranked, with IFC Markets slightly ahead at #30 and HYCM at #32 in the education category among 62 brokers by ForexBrokers.com.
| Feature |
HYCM (Henyep Capital Markets)
|
IFC Markets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| 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 IFC Markets. HYCM (Henyep Capital Markets) finished with an overall rank of #29, while IFC Markets finished with an overall rank of #45.
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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IFC Markets
|
|---|---|---|
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| Trust Score | 86 | 73 |
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Both HYCM (Henyep Capital Markets) and IFC Markets do not offer the ability to buy actual delivered cryptocurrency, but they both provide options to trade cryptocurrency derivatives.
While both HYCM (Henyep Capital Markets) and IFC Markets do not support ACH, SEPA, or PayPal for fund transfers, HYCM offers more flexibility by accepting Skrill, in addition to both brokers allowing deposits and withdrawals via Visa, Mastercard, and bank wires.
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) | IFC Markets | |
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| Trust Score | 86 | 73 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | IFC Markets | |
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| Regulation | HYCM (Henyep Capital Markets) | IFC Markets | |
|---|---|---|---|
| Trust Score | 86 | 73 | |
| Year Founded | 1977 | 2006 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 2 | 0 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | HYCM (Henyep Capital Markets) | IFC Markets | |
|---|---|---|---|
| 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 | No |
| Tier-2 Licenses (Trusted) | HYCM (Henyep Capital Markets) | IFC Markets | |
|---|---|---|---|
| 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) | IFC Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1199 | 630 | |
| Forex Pairs (Total) | 70 | 49 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| 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). |
| Cost | HYCM (Henyep Capital Markets) | IFC Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | 1.44 | |
| All-in Cost EUR/USD - Active | 0.6 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | HYCM (Henyep Capital Markets) | IFC Markets | |
|---|---|---|---|
| Minimum Deposit | $20 | $1 | |
| 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 | No |
| Trading Platforms | HYCM (Henyep Capital Markets) | IFC Markets | |
|---|---|---|---|
| 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) | IFC Markets | |
|---|---|---|---|
| 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) | IFC Markets | |
|---|---|---|---|
| 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) | IFC Markets | |
|---|---|---|---|
| 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) | IFC Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | IFC 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 | HYCM (Henyep Capital Markets) Review |
| Overall | HYCM (Henyep Capital Markets) | IFC Markets | |
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| Trust Score | 86 | 73 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review |
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