Written by ForexBrokers.com
In this head to head comparison of HYCM (Henyep Capital Markets) vs Libertex (Forex Club), 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) and Libertex (Forex Club) are established online brokers offering investment platforms with varying regulatory backing. Founded in 1977, HYCM is known for its experience in the financial industry and holds a total of two Tier-1 licenses, reflecting a high level of trust, and one Tier-2 license. Although HYCM is not publicly traded or a bank, it earns a Trust Score of 86, placing it in the 'trusted' category according to ForexBrokers.com. This positions HYCM as a reliable choice for investors seeking a trusted broker with a solid regulatory foundation.
In contrast, Libertex, which was founded in 1997, holds one Tier-1 license, indicating a strong regulatory status but not as extensive as HYCM. Libertex holds no Tier-2 licenses. Despite not being publicly traded or a bank, Libertex maintains an average Trust Score of 73. While both brokers are notable in their fields, HYCM's higher Trust Score and additional Tier-1 and Tier-2 licenses provide it with a stronger regulatory stance compared to Libertex, making it a preferable option for those prioritizing trust and regulation.
| Feature |
HYCM (Henyep Capital Markets)
|
Libertex (Forex Club)
|
|---|---|---|
| Year Founded | 1977 | 1997 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing HYCM (Henyep Capital Markets) and Libertex (Forex Club) on commissions and fees, HYCM stands out with more transparent and competitive pricing structures. HYCM offers different account options to suit various trading styles. The Raw account features an all-in cost of approximately 0.6 pips for the EUR/USD pair after commission, while the Classic account starts with variable spreads from 1.2 pips. Additionally, HYCM provides a fixed-spread account with a consistent spread of 1.5 pips.
In contrast, Libertex (Forex Club) does not provide average spread data, making it difficult to assess its cost competitiveness clearly. Without this key information, traders may find it challenging to fully understand the potential trading expenses with Libertex.
HYCM receives a commendable rating of 4.5 stars out of five for its commissions and fees, ranked at #15 out of 62 brokers by ForexBrokers.com. On the other hand, Libertex is rated lower with 3 stars and is placed at #61 in the same category. This ranking highlights HYCM as a more cost-effective choice for traders seeking clarity and value.
| Feature |
HYCM (Henyep Capital Markets)
|
Libertex (Forex Club)
|
|---|---|---|
| Minimum Deposit | $20 | $10 |
| Average Spread EUR/USD - Standard | 1.2 | N/A |
| All-in Cost EUR/USD - Active | 0.6 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the investment offerings of HYCM (Henyep Capital Markets) and Libertex (Forex Club), several differences emerge. HYCM stands out with a broader selection, featuring 1,199 tradable symbols and 70 forex pairs, while Libertex provides 300 tradable symbols and 51 forex pairs. Both brokers offer forex trading via CFDs or spot contracts, but HYCM takes it a step further by allowing clients to invest in exchange-traded securities on both U.S. and international exchanges. In contrast, Libertex does not offer exchange-traded securities. For cryptocurrency enthusiasts, both brokers offer cryptocurrency derivatives, although neither provides actual cryptocurrency purchases.
HYCM does not support copy trading, whereas Libertex does, offering an advantage for investors interested in mirroring trades of experienced traders. Overall, HYCM is rated higher, with 4 stars for its range of investments, ranking 33rd out of 62 brokers. Libertex trails slightly with a 3.5-star rating, positioned at 53rd. This suggests that while both platforms offer diverse investment options, HYCM provides a more comprehensive range, catering to a broader spectrum of investor needs.
| Feature |
HYCM (Henyep Capital Markets)
|
Libertex (Forex Club)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 300 |
| Forex Pairs (Total) | 70 | 51 |
| 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.
When it comes to choosing the right trading platform, both HYCM (Henyep Capital Markets) and Libertex (Forex Club) offer a variety of appealing features. Both brokers provide free virtual demo accounts for traders to practice without financial risk. They each boast their proprietary platforms, giving users a custom trading experience. Whether you prefer a desktop download or web-based trading, both HYCM and Libertex have options available to suit your needs on Windows computers. While both platforms integrate the popular MetaTrader 4 (MT4), HYCM extends its offerings with access to MetaTrader 5 (MT5) as well. On the other hand, Libertex supports copy trading, a feature HYCM does not provide.
Charting enthusiasts might find Libertex offers a broader range of capabilities with 30 drawing tools, doubling the 15 available from HYCM. However, both brokers provide direct trading from stock charts and equip traders with watch lists featuring seven customizable columns. HYCM edges ahead in ForexBrokers.com rankings at number 40 out of 62 brokers for trading platforms and tools, compared to Libertex at number 50. Despite differences in tools and rankings, both HYCM and Libertex achieve a solid four-star rating, indicating strong, reliable offerings in the trading platform landscape.
| Feature |
HYCM (Henyep Capital Markets)
|
Libertex (Forex Club)
|
|---|---|---|
| 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 | No |
| 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.
When comparing the mobile trading apps of HYCM (Henyep Capital Markets) and Libertex (Forex Club), both cater to iPhone and Android users. They provide essential features, such as stock or forex price alerts and the capability to draw trendlines and view multiple time frames on charts. While each offers an impressive 30 technical studies for charting, they differ in other aspects. HYCM users benefit from an auto-save function for chart drawings, ensuring their analysis is intact during sessions. Libertex, however, shines with watchlist symbol syncing, enabling seamless updates across devices. Despite this, both platforms let users craft watchlists with real-time quotes.
In terms of user ratings and industry rankings, HYCM and Libertex both enjoy a solid 4-star rating for their mobile trading apps. Nevertheless, they diverge when considering their standing among 62 brokers, with HYCM positioned at #37 and Libertex at #48, as ranked by ForexBrokers.com. This indicates a slight edge for HYCM in the competitive landscape, albeit with different unique strengths that might appeal to varied trader preferences depending on their specific needs for functionality and convenience.
| Feature |
HYCM (Henyep Capital Markets)
|
Libertex (Forex Club)
|
|---|---|---|
| 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 | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
HYCM and Libertex offer distinct features for market research enthusiasts. HYCM provides daily market commentary, which can be a valuable resource for traders seeking regular insights. Both brokers offer forex news from top-notch sources like Bloomberg and Reuters, keeping their clients informed with the latest updates. However, when it comes to analytical tools, HYCM stands out by offering technical analytics through Trading Central, a feature not available with Libertex. On the other hand, neither broker utilizes popular tools from Autochartist or sentiment-based trading instruments, nor do they provide market research from TipRanks or Acuity Trading. Both platforms do offer an economic calendar, helping traders keep track of upcoming global events.
When considering their research capabilities, HYCM holds a slight edge, with a 3.5-star rating compared to Libertex's 3-star rating. Additionally, in rankings by ForexBrokers.com, HYCM is positioned at #35 out of 62 brokers, whereas Libertex trails behind at #60. These differences highlight the varied emphasis each broker places on research tools and market commentary, influencing trader preferences based on their specific research needs.
| Feature |
HYCM (Henyep Capital Markets)
|
Libertex (Forex Club)
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources provided by HYCM (Henyep Capital Markets) and Libertex (Forex Club) for beginners, both platforms cater to the foundational learning needs of new traders, offering at least 10 educational pieces focused on forex and CFDs. However, HYCM goes a step further with their educational offerings by providing a searchable archive of recorded webinars and a comprehensive investor dictionary with over 50 investing terms. Meanwhile, Libertex lacks these features, making it potentially challenging for curious traders to easily revisit past content or quickly look up investing terms. While both brokers do not offer monthly live webinars, HYCM provides specific emphasis on beginners with more than 10 videos tailored to their needs, which can serve as a meaningful initiation into trading for novices. On the contrary, Libertex focuses its video content more on advanced topics, which may be daunting for those just starting out.
In terms of educational quality, HYCM edges out with a rating of 3.5 stars compared to Libertex's 3 stars. This difference is also reflected in their rankings by ForexBrokers.com, where HYCM is placed at #32 out of 62 brokers, positioning them well above Libertex's #57 ranking. For beginners eager to dive into the world of trading, HYCM offers a more comprehensive and beginner-friendly educational platform that can support their initial learning process more effectively. Libertex might appeal to traders looking for more advanced content, although it might not offer the same accessibility for educational resources aimed at the unacquainted trader.
| Feature |
HYCM (Henyep Capital Markets)
|
Libertex (Forex Club)
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | Yes |
| Investor Dictionary (Glossary) | Yes | No |
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 Libertex (Forex Club). HYCM (Henyep Capital Markets) finished with an overall rank of #29, while Libertex (Forex Club) finished with an overall rank of #60.
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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Libertex (Forex Club)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 73 |
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Both HYCM (Henyep Capital Markets) and Libertex (Forex Club) do not offer the ability to buy actual delivered cryptocurrency, but they do provide options to trade cryptocurrency derivatives.
When comparing online brokers, HYCM (Henyep Capital Markets) does not support ACH, SEPA, or PayPal for fund transactions, but allows deposits and withdrawals through Skrill, Visa, Mastercard, and bank wires, whereas Libertex (Forex Club) offers ACH, SEPA, PayPal, Skrill, and bank wires, but lacks support for Visa and Mastercard transactions.
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) | Libertex (Forex Club) | |
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| Trust Score | 86 | 73 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | Libertex (Forex Club) | |
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| Regulation | HYCM (Henyep Capital Markets) | Libertex (Forex Club) | |
|---|---|---|---|
| Trust Score | 86 | 73 | |
| Year Founded | 1977 | 1997 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | HYCM (Henyep Capital Markets) | Libertex (Forex Club) | |
|---|---|---|---|
| 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 | Yes |
| Tier-2 Licenses (Trusted) | HYCM (Henyep Capital Markets) | Libertex (Forex Club) | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | HYCM (Henyep Capital Markets) | Libertex (Forex Club) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1199 | 300 | |
| Forex Pairs (Total) | 70 | 51 | |
| 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) | Libertex (Forex Club) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | N/A | |
| 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 | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | HYCM (Henyep Capital Markets) | Libertex (Forex Club) | |
|---|---|---|---|
| Minimum Deposit | $20 | $10 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | HYCM (Henyep Capital Markets) | Libertex (Forex Club) | |
|---|---|---|---|
| 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 | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | HYCM (Henyep Capital Markets) | Libertex (Forex Club) | |
|---|---|---|---|
| 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) | Libertex (Forex Club) | |
|---|---|---|---|
| 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 | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | HYCM (Henyep Capital Markets) | Libertex (Forex Club) | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | Libertex (Forex Club) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | Libertex (Forex Club) | |
|---|---|---|---|
| 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) | Libertex (Forex Club) | |
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| Trust Score | 86 | 73 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review |
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