Written by ForexBrokers.com
In this head to head comparison of Markets.com 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.
Markets.com, founded in 1999, and HYCM (Henyep Capital Markets), established in 1977, are both well-regarded online brokers, though not publicly traded or classified as banks. A notable aspect of their credibility is their regulatory standings, where Markets.com holds three Tier-1 licenses, indicating a high level of faith. On the other hand, HYCM possesses two Tier-1 licenses, which assures clients but to a slightly lesser extent. Both platforms also maintain a single Tier-2 license, keeping their operations within trusted bounds for potential investors seeking reassurance.
In terms of trust scores evaluated by ForexBrokers.com, Markets.com comes out ahead with a robust 93 out of 99, signaling it as a highly trusted service. Compared to this, HYCM carries a trust score of 86, which classifies it as a trusted but slightly less secure option. These scores reflect their regulatory strength and offer investors a clear perspective on security when choosing between these financial services.
| Feature |
Markets.com
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 1999 | 1977 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When it comes to commissions and fees, Markets.com provides a straightforward structure, though specific average spread data is not publicly available. With a user-friendly platform, this broker is rated 3.5 out of 5 stars for its pricing. It holds the 49th position out of 62 brokers in ForexBrokers.com's Commissions and Fees category, indicating room for improvement compared to other competitors.
HYCM (Henyep Capital Markets), on the other hand, shines with its cost-effective pricing options. The Raw account stands out with a competitive all-in cost of approximately 0.6 pips for the EUR/USD pair after commission. Alternatively, the Classic account has a variable spread starting from 1.2 pips. For those preferring a fixed rate, HYCM offers an account option with a spread of 1.5 pips. This broker earns a high rating of 4.5 stars for commissions and fees and is ranked 15th out of 62 brokers by ForexBrokers.com.
| Feature |
Markets.com
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $100 | $20 |
| Average Spread EUR/USD - Standard | N/A | 1.2 |
| All-in Cost EUR/USD - Active | N/A | 0.6 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Markets.com and HYCM (Henyep Capital Markets) are two prominent online brokers providing traders with various investment options, each having its own strengths. Markets.com offers an impressive array of 2,179 tradeable symbols, significantly more than the 1,199 available through HYCM. Forex enthusiasts might note the subtle difference in focus, with HYCM offering 70 tradeable forex pairs compared to Markets.com's 57. Both brokers provide forex trading as a CFD, allowing participants to engage in the forex market conveniently. Additionally, if you're interested in cryptocurrency derivatives, both options have you covered; however, neither provides opportunities to buy actual cryptocurrencies.
When it comes to exchange-traded securities, HYCM stands out by offering clients the opportunity to invest in U.S. and international stocks directly, such as NASDAQ-listed Apple shares or London-listed Vodafone shares, a feature absent at Markets.com. On the other hand, Markets.com caters to those interested in copy trading, a modern trading service not available with HYCM. Although both brokers received a 4-star rating for their range of investments, Markets.com edges slightly ahead in the ForexBrokers.com ranking, securing the 29th spot out of 62 brokers, while HYCM is positioned at 33rd. These distinctions help potential traders determine which broker aligns best with their trading preferences and goals.
| Feature |
Markets.com
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2179 | 1199 |
| Forex Pairs (Total) | 57 | 70 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | Yes | 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.
When comparing trading platforms and tools between Markets.com and HYCM (Henyep Capital Markets), both brokers offer free virtual demo accounts, allowing traders to test their strategies without risking real money. They also boast proprietary platforms, alongside popular MetaTrader 4 and MetaTrader 5 options, and cater to various trading preferences with Windows-based desktop downloads and web-based platforms. However, only Markets.com provides copy trading, giving users the unique advantage of mirroring the strategies of successful traders. In terms of ratings, both have earned four stars for their trading platforms and tools, although Markets.com edges out HYCM in rankings, sitting at 27th compared to HYCM's 40th out of 62 brokers, according to ForexBrokers.com.
Charting capabilities show some distinctions; while HYCM presents 15 drawing tools compared to Markets.com's 4, only HYCM lets traders initiate trades directly from stock charts. Watchlist customization is slightly better with HYCM, offering seven columns against Markets.com’s six. Despite these variances, both platforms remain strong contenders in the online trading arena, appealing to various user preferences with their comprehensive range of tools. Whether opting for the advanced copying functionalities of Markets.com or the enhanced chart and trade features of HYCM, traders are equipped with reliable platforms to navigate the financial markets effectively.
| Feature |
Markets.com
|
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 | Yes | No |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 89 | 30 |
| Charting - Drawing Tools (Total) | 4 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Markets.com and HYCM provide users with mobile trading apps suitable for iPhone and Android devices. They both feature stock and forex price alerts and let users draw trendlines on charts. However, when it comes to syncing watchlists across devices, Markets.com provides a seamless experience, allowing any updates made on the mobile app to automatically reflect on the online account. On the other hand, HYCM does not support this syncing feature, which might be a point of consideration for traders who prioritize unified account access.
For more technical analysis, HYCM offers a richer toolkit with 30 technical studies available on its mobile app. Markets.com falls short in this area, offering fewer options, though both platforms allow users to create watchlists with real-time quotes. Additionally, HYCM stands out by offering multiple time frames for chart analysis and autosaves chart drawings, while Markets.com does not support these features. Overall, each app is rated similarly by users, earning 4 out of 5 stars, but Markets.com slightly edges out HYCM in ForexBrokers.com rankings, coming in at #33 compared to HYCM's #37.
| Feature |
Markets.com
|
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 | (default on MT4, none on Markets app) | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | No | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Markets.com and HYCM (Henyep Capital Markets) both provide valuable daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters, ensuring traders stay informed about the latest market developments. However, when it comes to advanced research tools, they differ significantly. While both platforms lack tools from Autochartist, HYCM enhances its offerings with access to Trading Central, providing users with high-quality technical analysis capabilities that Markets.com does not offer. On the other hand, Markets.com stands out by providing a sentiment-based trading tool, which allows traders to gauge market sentiment through long or short position ratios—a feature not available with HYCM.
Both brokers offer an economic calendar that tracks global events, which is crucial for traders looking to anticipate market volatility. In terms of overall research quality, Markets.com scores slightly higher with a 4-star rating compared to HYCM’s 3.5 stars, and ranks 17th out of 62 brokers in the Research category according to ForexBrokers.com, whereas HYCM ranks 35th. While both platforms provide essential market research offerings, these differences highlight Markets.com's slightly superior capacity to equip traders with sentiment analysis, while HYCM excels in providing detailed technical analytics through Trading Central.
| Feature |
Markets.com
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginner traders, Markets.com and HYCM (Henyep Capital Markets) offer different advantages. Markets.com provides regular online webinars, hosting at least one per month, which can be a significant asset for newcomers looking for interactive learning opportunities. They also supply an extensive collection of beginner-centric videos, making it easier for users to ease into trading. However, Markets.com does not have a searchable archive of past webinars or an investor dictionary, which might limit access to structured written educational content.
In contrast, HYCM boasts a wide range of forex and CFD educational materials, offering more than ten pieces that cover these subjects. They excel in providing a searchable archive of past webinars, letting users catch up on missed sessions at their convenience. HYCM also offers an investor dictionary, giving users handy reference points for complex terms. However, they lack the frequent monthly webinars provided by Markets.com and do not offer educational videos tailored for advanced traders. Overall, HYCM is slightly rated lower than Markets.com for education, with scores of 3.5 and 4 stars respectively, but is ranked just above Markets.com on ForexBrokers.com's list of educational resources.
| Feature |
Markets.com
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Markets.com is better than HYCM (Henyep Capital Markets). Markets.com finished with an overall rank of #23, while HYCM (Henyep Capital Markets) finished with an overall rank of #29.
Thanks to its web-based MarketsX platform, Markets.com is easy to use and new trader friendly. However, Markets.com is pricey and lacks the feature-rich trading tools required to compete with the best trading platforms.
| Feature |
Markets.com
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HYCM (Henyep Capital Markets)
|
|---|---|---|
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| Trust Score | 93 | 86 |
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Both online brokers, Markets.com and HYCM (Henyep Capital Markets), do not provide the option to buy actual (delivered) cryptocurrency but do offer the ability to trade cryptocurrency derivatives.
Both Markets.com and HYCM (Henyep Capital Markets) do not support ACH, SEPA, or PayPal for deposits and withdrawals; however, they both offer Skrill, Visa, Mastercard, and bank wire options for these 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 | Markets.com | HYCM (Henyep Capital Markets) | |
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| Trust Score | 93 | 86 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | Markets.com | HYCM (Henyep Capital Markets) | |
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| Regulation | Markets.com | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trust Score | 93 | 86 | |
| Year Founded | 1999 | 1977 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Markets.com | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Markets.com | 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) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Markets.com | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2179 | 1199 | |
| Forex Pairs (Total) | 57 | 70 | |
| U.S. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | Yes | 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 | Markets.com | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.2 | |
| All-in Cost EUR/USD - Active | N/A | 0.6 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Markets.com | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | $100 | $20 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Markets.com | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Markets.com | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 89 | 30 | |
| Charting - Drawing Tools (Total) | 4 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Markets.com | 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 | (default on MT4, none on Markets app) | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | No | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | Markets.com | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Markets.com | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | No | Yes |
| Major Forex Pairs | Markets.com | 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 | No | Yes | |
| AUD/USD | Yes | Yes | |
| Review | HYCM (Henyep Capital Markets) Review |
| Overall | Markets.com | HYCM (Henyep Capital Markets) | |
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| Trust Score | 93 | 86 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review |
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