Written by ForexBrokers.com
In this head to head comparison of IG 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.
IG and HYCM (Henyep Capital Markets) are both established online brokers, with IG founded in 1974 and HYCM in 1977. A key difference lies in their exchange status: IG is publicly traded, enhancing its transparency, while HYCM remains privately held. Moreover, IG operates as a bank, offering an additional layer of security for investors, a feature that HYCM does not share. These differences are crucial for traders seeking stability and public accountability in their chosen broker.
Regulatory strength is another area where IG and HYCM differ significantly. IG boasts an impressive 99 Trust Score from ForexBrokers.com, owing to its possession of 8 Tier-1 licenses and 2 Tier-2 licenses, making it highly trusted. In contrast, HYCM holds 2 Tier-1 licenses and 1 Tier-2 license, earning it a Trust Score of 86, indicating it is trusted but less so than IG. These scores reflect the perceived risk and reliability of each broker, with IG demonstrating superior regulatory oversight and client protection.
| Feature |
IG
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 1974 | 1977 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 8 | 2 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing IG and HYCM (Henyep Capital Markets) on commissions and fees, both brokers offer competitive options for traders, with IG earning a slightly higher rating. IG, rated 5 out of 5 stars, ranks #8 on ForexBrokers.com for commissions and fees. It excels with scalable execution through various methods, notably its Forex Direct account, which caters to active traders. The spreads on IG's Forex Direct account averaged about 0.62 pips for July 2023, with an all-in cost of 0.82 pips after commissions. IG also provides a three-tier active-trader rebate program, offering up to a 20% spread rebate for high-volume traders. With its DMA account option, traders can access even more significant discounts, contributing further to its attractiveness.
HYCM holds its ground with a 4.5-star rating and is ranked #15 on ForexBrokers.com in the same category, providing a solid alternative for cost-sensitive traders. The HYCM Raw account offers competitive pricing with an all-in cost of around 0.6 pips for the EUR/USD pair. In contrast, its Classic account begins with variable spreads starting from 1.2 pips, and a fixed-spread account is also available at 1.5 pips. This flexibility allows traders to choose based on their trading style and needs, even if its Classic and fixed accounts might come at a higher cost for some traders.
Overall, IG's sophisticated offering with active trader rebates and multiple account options provides slight advantages in terms of versatility and cost-efficiency compared to HYCM's more straightforward pricing structure. However, both brokers present strong choices depending on the trader's preference and trading volume.
| Feature |
IG
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | £250.00 | $20 |
| Average Spread EUR/USD - Standard | 0.98 | 1.2 |
| All-in Cost EUR/USD - Active | 0.82 | 0.6 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the online brokers IG and HYCM, it's clear that IG offers a wider variety of investment options. IG boasts an impressive 19,537 tradeable symbols, significantly outpacing HYCM's selection of 1,199. For forex enthusiasts, IG provides 97 tradeable forex pairs, while HYCM features 70 pairs. Both brokers offer forex trading through CFDs or spot contracts, and they allow clients to purchase exchange traded securities on both U.S. and international exchanges, enabling investments in companies like Apple and Vodafone. However, neither broker supports copy trading or the purchase of actual cryptocurrencies, although they both offer cryptocurrency derivatives.
IG holds a distinct advantage when it comes to range of investments, earning a 5-star rating and being ranked 4th out of 62 brokers by ForexBrokers.com in this category. In contrast, HYCM, while still a strong contender, is rated 4 stars and sits at 33rd place in the same ranking. This disparity underscores IG's broader investment offerings, which might appeal to traders looking for a comprehensive platform with diverse options. In summary, for those seeking extensive investment choices, IG presents a more favorable option compared to HYCM.
| Feature |
IG
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 19537 | 1199 |
| Forex Pairs (Total) | 97 | 70 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | No | 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.
Both IG and HYCM offer an impressive array of trading platforms and tools, each providing a virtual demo account for traders to familiarize themselves with their services. IG stands out with its proprietary platform, available across Windows desktop and web-based browsers, also offering the popular MetaTrader 4 (MT4). Although it doesn't support the MetaTrader 5 (MT5), many users still rate it highly for its flexibility and ease of use. On the other hand, HYCM also presents a proprietary platform compatible with both Windows and web browsers, but adds MT5 to its offerings, catering to traders who prefer the latest in forex trading platforms.
In terms of additional tools, both brokers allow trading directly from stock charts, but IG edges forward with 20 drawing tools, compared to HYCM's 15. Where watch lists are concerned, HYCM offers greater customization with seven columns, compared to IG’s five. Despite these differences, IG steals the spotlight with a five-star rating for its trading platforms and tools, ranking second among 62 brokers, whereas HYCM trails with a four-star rating and a 40th place ranking. Both brokers do lack features like copy trading, DupliTrade, and ZuluTrade, but their robust platforms ensure they remain competitive in the market.
| Feature |
IG
|
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 | No | No |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 33 | 30 |
| Charting - Drawing Tools (Total) | 20 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 5 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both IG and HYCM (Henyep Capital Markets) offer apps for iPhone and Android devices, making them accessible for traders on the go. Both platforms provide essential features such as stock and forex price alerts and the ability to draw trendlines on charts. However, IG surpasses HYCM with watchlist symbol syncing, enabling users to seamlessly update and sync their watchlists between mobile and online accounts. For charting, IG stands out with 33 technical studies compared to HYCM's 30, which provides traders with a bit more analytical depth on the go.
Both apps support viewing multiple time frames and saving drawn chart annotations automatically, ensuring that traders can effectively analyze the markets. Real-time quotes on customizable watchlists are available through each platform, offering timely updates for active trading. In terms of user satisfaction and industry recognition, IG earns a full 5-star rating and tops the market at #1 for mobile trading apps according to ForexBrokers.com. In contrast, HYCM receives a respectable 4-star rating, placing them at #37 in the same ranking. This data indicates that while both brokers provide strong mobile trading solutions, IG is notably favored among users for its feature-rich experience and overall app quality.
| Feature |
IG
|
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 | 33 | 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 IG and HYCM, both online brokers provide users with daily market commentary and forex news from top-tier sources such as Bloomberg and Reuters. However, IG stands out with its access to multiple research tools including those from Autochartist and Acuity Trading, while HYCM lacks these particular offerings. Furthermore, IG also provides insights from TipRanks and a sentiment-based trading tool to gauge market positions, adding more depth to its research resources. Both brokers feature an economic calendar to keep traders informed of global news events, yet IG’s research services are more comprehensive according to ratings.
When looking at ratings and rankings, IG is highly regarded with a 5-star research rating and holds the #2 rank among 62 brokers according to ForexBrokers.com. In contrast, HYCM has a 3.5-star rating and is positioned at #35 in the same ranking. This comparison highlights IG’s superior position in providing diverse and extensive market research tools, making it more appealing for those who prioritize in-depth analysis and resources in their trading experience.
| Feature |
IG
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
IG and HYCM both provide educational resources for beginners interested in trading forex or CFDs, each offering at least 10 educational materials such as articles, videos, or archived webinars focusing on these subjects. However, IG takes the lead in providing monthly online educational webinars, an essential feature not offered by HYCM. Furthermore, both platforms maintain searchable archives of previously recorded webinars, ensuring that users can revisit past content at their convenience.
For beginner-friendly videos, both IG and HYCM present at least 10, but when it comes to advanced trading topics, IG further distinguishes itself by offering a similar number of advanced videos, whereas HYCM does not. Both brokers provide an investor dictionary with over 50 investing terms to aid understanding. When evaluated, IG shines with a 5-star educational rating, topping the list at #1 among 62 brokers, while HYCM holds a 3.5-star rating, placing it at #32. This suggests that IG offers a more comprehensive educational package, making it a potentially better choice for those new to trading.
| Feature |
IG
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | 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 IG is better than HYCM (Henyep Capital Markets). IG finished with an overall rank of #1, while HYCM (Henyep Capital Markets) finished with an overall rank of #29.
IG offers the ultimate comprehensive trading package, featuring excellent trading and research tools, industry-leading education, and an extensive range of tradeable markets.
| Feature |
IG
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HYCM (Henyep Capital Markets)
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| Trust Score | 99 | 86 |
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Both IG and HYCM (Henyep Capital Markets) do not provide the option to purchase actual delivered cryptocurrency, but they do offer the capability to buy cryptocurrency derivatives.
In comparing online brokers IG and HYCM, IG offers a wider selection of deposit and withdrawal options—including ACH, SEPA, PayPal, Visa, Mastercard, and bank wires—while HYCM supports deposits and withdrawals through Skrill, Visa, Mastercard, and bank wires, lacking ACH, SEPA, and PayPal options.
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 | IG | HYCM (Henyep Capital Markets) | |
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| Trust Score | 99 | 86 | |
| Winner | check_circle | ||
| Review | IG Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | IG | HYCM (Henyep Capital Markets) | |
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| Regulation | IG | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trust Score | 99 | 86 | |
| Year Founded | 1974 | 1977 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 8 | 2 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | IG | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | IG | 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) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | IG | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 19537 | 1199 | |
| Forex Pairs (Total) | 97 | 70 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | No | 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 | IG | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.98 | 1.2 | |
| All-in Cost EUR/USD - Active | 0.82 | 0.6 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | IG | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | £250.00 | $20 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | IG | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | IG | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 5 | 7 | |
| Charting - Indicators / Studies (Total) | 33 | 30 | |
| Charting - Drawing Tools (Total) | 20 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | IG | 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 | 33 | 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 | IG | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | IG | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | IG | 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 | IG Review | HYCM (Henyep Capital Markets) Review |
| Overall | IG | HYCM (Henyep Capital Markets) | |
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| Trust Score | 99 | 86 | |
| Winner | check_circle | ||
| Review | IG Review | HYCM (Henyep Capital Markets) Review |
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