Written by ForexBrokers.com
In this head to head comparison of Interactive Brokers 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.
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Interactive Brokers and HYCM were both founded in 1977, marking decades of service in the financial markets. Interactive Brokers is a publicly traded company, making it accessible on stock exchanges, while HYCM is privately held. Neither of these firms operates as a bank, but they differ in regulatory credentials. Interactive Brokers boasts a prominent regulatory standing with nine Tier-1 licenses and two Tier-2 licenses, leading to an exceptional Trust Score of 99 out of 99 according to ForexBrokers.com. This positions them as a highly trusted broker with a solid track record.
In contrast, HYCM holds two Tier-1 licenses and one Tier-2 license, contributing to a Trust Score of 86 out of 99. This indicates that while they remain a trusted broker, they do not reach the elite trust level held by Interactive Brokers. The difference in trust ratings and licensing between the two brokers provides a clear view of their standing in the marketplace, with Interactive Brokers offering extensive credibility and a wider range of market oversight. Whether you prioritize a broker's trading history, public listing status, or regulatory depth, these factors offer valuable insights for making informed investment decisions.
| Feature |
Interactive Brokers
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 1977 | 1977 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 9 | 2 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
Interactive Brokers offers competitive pricing for forex trading, primarily relying on commission-based fees instead of spread markups. For the EUR/USD, the average effective all-in spread observed was 0.59 pips, combining an average spread of 0.19 pips and commission costs. The commissions per side start at 0.00002 of the U.S. dollar trade value, with a minimum charge of $2 per order, which can decrease for very active traders. Despite these enticing fees, small-scale trades may find the $2 minimum charge less favorable. Interactive Brokers holds an impressive 5-star rating for commissions and fees, securing the #2 rank among 62 brokers.
On the other hand, HYCM presents a variety of account types with differing cost structures. The Raw account is their most cost-effective, offering an all-in rate of approximately 0.6 pips for EUR/USD after commission. Their Classic account starts with a spread of 1.2 pips, while the fixed-spread account maintains a spread of 1.5 pips. HYCM has a 4.5-star rating for its commission and fee structure and is ranked #15 out of 62 brokers.
In summary, both Interactive Brokers and HYCM offer viable options for forex traders, each catering to different needs. Interactive Brokers is well-suited for those seeking competitive commission-based pricing, especially beneficial for high-volume traders. Meanwhile, HYCM's multiple account choices provide flexibility, allowing traders to select based on their preferred fee setups.
| Feature |
Interactive Brokers
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $0 | $20 |
| Average Spread EUR/USD - Standard | 0.59 | 1.2 |
| All-in Cost EUR/USD - Active | 0.59 | 0.6 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Interactive Brokers and HYCM (Henyep Capital Markets) are popular choices for online trading, yet they differ significantly in their investment offerings. Interactive Brokers boasts a hefty catalog of 8,500 tradeable symbols compared to HYCM's 1,199. When it comes to forex trading, Interactive Brokers extends a wider variety with 90 currency pairs while HYCM offers 70. Both brokers allow trading exchange-traded securities on U.S. and international exchanges, letting investors buy shares like Apple or Vodafone. However, when it comes to cryptocurrency, Interactive Brokers provides an edge by offering the purchase of actual cryptocurrencies and derivatives, whereas HYCM is limited to cryptocurrency derivatives only.
Neither Interactive Brokers nor HYCM supports copy trading. The difference in investment range becomes clear with rankings and ratings; Interactive Brokers holds a top spot at #1 for Range of Investments by ForexBrokers.com, earning a full 5-star rating. HYCM, meanwhile, is ranked at #33 with a slightly lower 4-star rating. This clear distinction makes Interactive Brokers a top choice for those seeking a broader range of investment opportunities.
| Feature |
Interactive Brokers
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 8500 | 1199 |
| Forex Pairs (Total) | 90 | 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) | Yes | 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 Interactive Brokers and HYCM (Henyep Capital Markets), both brokers stand out for offering simulated trading with free demo accounts and proprietary platforms. They also provide various platform options, including Windows-based desktop downloads and web-based trading through browsers. However, a notable difference emerges in their support for MetaTrader platforms; HYCM supports both MT4 and MT5, while Interactive Brokers does not. Neither broker offers copy trading features, such as DupliTrade or ZuluTrade, emphasizing their focus on proprietary solutions.
Interactive Brokers shines with a rich offering of 85 drawing tools for charting compared to HYCM's 15 and accommodates a comprehensive watch list with 659 columns, a stark contrast to HYCM's 7. Both allow trading directly from stock charts, but Interactive Brokers takes the lead with a 5-star rating for Trading Platforms and Tools, significantly ranking #3 out of 62 brokers according to ForexBrokers.com. In contrast, HYCM receives a respectable 4-star rating, placing it at #40. This suggests that, while both brokers provide solid trading solutions, Interactive Brokers may appeal more to traders seeking a wider range of technical tools and features.
| Feature |
Interactive Brokers
|
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) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 155 | 30 |
| Charting - Drawing Tools (Total) | 85 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 659 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Interactive Brokers and HYCM both offer mobile trading apps for iPhone and Android, providing convenience for traders on the go. Both platforms support stock and forex price alerts, ensuring users can stay informed about market movements. However, Interactive Brokers offers a more integrated experience with watchlist symbol syncing, allowing seamless updates between the mobile app and the user's online account. In contrast, HYCM does not support this feature. When it comes to charting capabilities, Interactive Brokers shines with 97 technical studies compared to HYCM's 30, though HYCM's app does save chart drawings automatically, unlike Interactive Brokers.
Both brokers offer features like trendline drawing and viewing different time frames, enhancing the analytical experience on mobile devices. Users can also create watchlists with real-time quotes with each broker's app. Interactive Brokers stands out with a 5-star rating for its mobile app, while HYCM follows closely with a 4-star rating, demonstrating its strong performance in the category. In rankings, Interactive Brokers holds the 4th spot out of 62 brokers according to ForexBrokers.com, while HYCM is ranked 37th, highlighting Interactive Brokers' superior standing in mobile trading applications.
| Feature |
Interactive Brokers
|
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 | 97 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Interactive Brokers and HYCM both provide daily market commentary and forex news from leading sources such as Bloomberg and Reuters, ensuring that traders have access to important market updates. Both brokers also offer tools like Trading Central, providing technical analysis that enhances trading strategies. However, only Interactive Brokers offers a sentiment-based trading tool that provides a ratio of long and short positions across currency pairs, which can be valuable for traders looking to understand market trends.
Furthermore, Interactive Brokers stands out by offering additional research resources such as TipRanks and Acuity Trading, which are not available with HYCM. These tools offer unique perspectives and insights, contributing to better-informed trading decisions. Interactive Brokers also includes an economic calendar to track global news events, a feature shared with HYCM. Ranked #3 for research among 62 brokers and receiving a perfect 5-star rating, Interactive Brokers clearly leads in this category compared to HYCM’s #35 ranking and 3.5-star rating.
| Feature |
Interactive Brokers
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | 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.
When it comes to educational resources for beginner traders, Interactive Brokers clearly takes the lead over HYCM (Henyep Capital Markets). Both brokers provide a wealth of resources focused on forex and CFDs, offering more than 10 educational pieces like articles, videos, and archived webinars. However, Interactive Brokers stands out by hosting monthly online educational webinars for clients, while HYCM does not offer this feature. Both brokers have a searchable archive of past webinars, making it easy for users to revisit topics at their convenience. Furthermore, both offer over 10 beginner-focused videos covering essential trading topics.
Interactive Brokers offers a bit more for seasoned traders with over 10 advanced educational videos, while HYCM falls short in this area. An investor dictionary with more than 50 investing term definitions is available from both brokers, helping beginners to familiarize themselves with trading jargon. Interactive Brokers consistently receives high praise, earning a 5-star rating and ranking #3 out of 62 brokers for education on ForexBrokers.com. In comparison, HYCM receives a moderate 3.5 stars and ranks #32, highlighting the comprehensive educational edge that Interactive Brokers offers its clients.
| Feature |
Interactive Brokers
|
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 Interactive Brokers is better than HYCM (Henyep Capital Markets). Interactive Brokers finished with an overall rank of #2, while HYCM (Henyep Capital Markets) finished with an overall rank of #29.
Interactive Brokers is a highly trusted multi-asset broker with an extensive offering of tradeable global markets. It delivers competitive fees and high-quality research and education, as well as a modern, institutional-grade trading platform suite.
| Feature |
Interactive Brokers
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HYCM (Henyep Capital Markets)
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| Trust Score | 99 | 86 |
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Interactive Brokers allows investors to buy both actual (delivered) cryptocurrency and cryptocurrency derivatives, whereas HYCM (Henyep Capital Markets) only provides the option to trade cryptocurrency derivatives without offering actual (delivered) cryptocurrency ownership.
When comparing Interactive Brokers to HYCM, Interactive Brokers offers ACH and SEPA transfers along with bank wires for depositing or withdrawing funds, but lacks support for PayPal, Skrill, Visa, or Mastercard, whereas HYCM supports Skrill, Visa, and Mastercard in addition to bank wires but does not offer ACH or SEPA transfer 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 | Interactive Brokers | HYCM (Henyep Capital Markets) | |
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| Trust Score | 99 | 86 | |
| Winner | check_circle | ||
| Review | Interactive Brokers Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | Interactive Brokers | HYCM (Henyep Capital Markets) | |
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| Regulation | Interactive Brokers | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trust Score | 99 | 86 | |
| Year Founded | 1977 | 1977 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 9 | 2 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Interactive Brokers | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | Yes | 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) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Interactive Brokers | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | Yes | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Interactive Brokers | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 8500 | 1199 | |
| Forex Pairs (Total) | 90 | 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) | Yes | 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 | Interactive Brokers | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.59 | 1.2 | |
| All-in Cost EUR/USD - Active | 0.59 | 0.6 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | No | Yes |
| Funding | Interactive Brokers | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | $0 | $20 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Interactive Brokers | 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) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Interactive Brokers | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 659 | 7 | |
| Charting - Indicators / Studies (Total) | 155 | 30 | |
| Charting - Drawing Tools (Total) | 85 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Interactive Brokers | 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 | 97 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Interactive Brokers | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Interactive Brokers | 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 | Interactive Brokers | 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 | Interactive Brokers Review | HYCM (Henyep Capital Markets) Review |
| Overall | Interactive Brokers | HYCM (Henyep Capital Markets) | |
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| Trust Score | 99 | 86 | |
| Winner | check_circle | ||
| Review | Interactive Brokers Review | HYCM (Henyep Capital Markets) Review |
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