Written by ForexBrokers.com
In this head to head comparison of Plus500 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.
Plus500 and HYCM are two well-established online brokers, catering to a wide range of trading needs. Plus500, founded in 2008, stands out with a remarkable Trust Score of 99 on ForexBrokers.com, indicating a high level of trust. The company is publicly traded, which further enhances its transparency and credibility. It holds 6 Tier-1 licenses, considered highly trusted, and 3 Tier-2 licenses, marking it as a secure choice for traders. While not a bank, Plus500’s solid regulatory framework reflects its commitment to providing a dependable trading environment.
HYCM (Henyep Capital Markets), established in 1977, boasts a long history in the financial markets. Its Trust Score of 86 suggests a trusted platform, although it does not match the higher trust level of Plus500. HYCM is not publicly traded, which may be a consideration for some traders. The broker holds 2 Tier-1 licenses and 1 Tier-2 license, showcasing a credible but more modest regulatory backing compared to Plus500. As with Plus500, HYCM is not a bank, but its decades-long presence underscores its position as a reliable broker.
| Feature |
Plus500
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 2008 | 1977 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 6 | 2 |
| Tier-2 Licenses | 3 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing the commissions and fees of online brokers, Plus500 and HYCM (Henyep Capital Markets) offer different structures that cater to varying trader needs. Plus500's pricing is slightly higher than the industry average, especially for active traders. The broker does not offer discounts to retail clients; however, it provides cash rebates for traders who qualify as Professional clients. For instance, Plus500 reported an average spread of 1.5 pips for the EUR/USD in April 2024, which is higher than the typical market rates. Plus500 has been rated 4.0 out of 5 stars for its commissions and fees and is ranked #25 out of 62 brokers by ForexBrokers.com in this category.
In contrast, HYCM provides competitive pricing options, notably with its Raw account featuring an all-in cost of about 0.6 pips for the EUR/USD, inclusive of commissions. Meanwhile, its Classic account offers a variable spread starting from 1.2 pips, and the fixed-spread account presents a spread of 1.5 pips. HYCM's fee structure may appeal to a wider range of traders looking for flexibility in their trading expenses. The broker achieves a higher rating of 4.5 out of 5 stars for its commissions and fees, ranking #15 among 62 brokers evaluated by ForexBrokers.com.
In summary, while Plus500 may appeal to those who become Professional clients, its commissions and fees structure is not the most competitive for retail traders. HYCM stands out with its diverse account options and more attractive pricing, especially for traders focused on minimizing costs. Both brokers provide viable options, but HYCM generally offers a more competitive edge in terms of commission and fees.
| Feature |
Plus500
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | €100 | $20 |
| Average Spread EUR/USD - Standard | 1.5 | 1.2 |
| All-in Cost EUR/USD - Active | 1.5 | 0.6 |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | 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.
When comparing the range of investments offered by Plus500 and HYCM, both platforms provide a wide array of options, though with varying scopes. Plus500 impresses with a selection of 5,500 tradeable symbols, overshadowing HYCM's 1,199. In forex trading, Plus500 offers 65 currency pairs, while HYCM narrowly surpasses it with 70 pairs. Both brokers provide forex trading as Contracts for Difference (CFDs) and spot contracts. Additionally, clients can trade exchange-traded securities, such as shares of Apple on U.S. exchanges and Vodafone on international exchanges, with both providers.
Neither Plus500 nor HYCM offers the ability to engage in copy trading, nor can clients purchase actual cryptocurrencies directly; however, both enable trading in cryptocurrency derivatives. In terms of their ranking, Plus500 is rated 4.5 stars and is ranked 24th by ForexBrokers.com in the Range of Investments category. HYCM, while offering slightly fewer tradeable instruments, still achieves a commendable 4-star rating and is ranked 33rd in the same category. These ratings and rankings reflect a solid standing for both brokers, each catering to diverse investor needs.
| Feature |
Plus500
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5500 | 1199 |
| Forex Pairs (Total) | 65 | 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). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account. | 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 Plus500 and HYCM, both brokers offer a range of features, but there are key differences that could influence your choice depending on your trading needs. Plus500 and HYCM both provide free virtual demo accounts, allowing users to practice trading without financial risk. Additionally, each broker offers its own proprietary trading platform. However, unlike HYCM, Plus500 does not support a Windows-based desktop platform; instead, it offers a user-friendly web-based platform accessible through any browser. While MetaTrader 4 and 5 are available at HYCM for more advanced and technical trading, Plus500 does not offer these popular platforms, which might be a consideration for seasoned traders.
Plus500 excels with its 22 drawing tools for charting, giving traders various ways to analyze price movements, while HYCM provides 15 drawing tools. Although neither broker offers copy trading or supports services like DupliTrade or ZuluTrade, HYCM allows users to trade directly from stock charts, a feature Plus500 lacks. For managing financial instruments, Plus500 offers 10 columns for its watch lists, giving users more customization options compared to HYCM's 7 columns. According to ForexBrokers.com, Plus500 has a higher ranking for Trading Platforms and Tools, earning 4.5 stars and securing the 14th spot out of 62 brokers. HYCM, on the other hand, is rated with 4 stars and is positioned at number 40, highlighting Plus500's edge in this comparison.
| Feature |
Plus500
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | No | 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) | 114 | 30 |
| Charting - Drawing Tools (Total) | 22 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 10 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, Plus500 and HYCM both offer apps for iPhone and Android, providing traders with the flexibility to monitor the markets on the go. Both platforms enable users to receive stock or forex price alerts, ensuring that traders are always in the loop. However, Plus500 sets itself apart by offering the ability to sync watchlists across devices, a feature that HYCM currently lacks. For charting enthusiasts, Plus500 offers 110 technical studies compared to HYCM’s 30, and both allow for the drawing of trendlines and the viewing of multiple time frames on charts.
Plus500’s mobile app also enables the creation of a watchlist with real-time quotes, similar to HYCM’s offering. Despite this, Plus500 does not auto-save chart drawings, whereas HYCM does. Reflecting these features, Plus500 is rated 4.5 stars in mobile trading app reviews, outperforming HYCM’s 4-star rating. Plus500 also ranks higher in ForexBrokers.com's listing of 62 brokers for mobile trading, capturing the 14th spot, while HYCM trails at 37th. Overall, Plus500’s app provides a more integrated and sophisticated experience, making it a strong contender for traders seeking advanced mobile trading capabilities.
| Feature |
Plus500
|
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 | 110 | 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.
When comparing Plus500 and HYCM in terms of market research capabilities, both brokers offer daily market commentary, giving traders valuable insights to inform their decisions. However, a significant distinction lies in their forex news offerings. HYCM stands out by providing updates from top-tier sources such as Bloomberg and Reuters, while Plus500 does not offer this service. On the technical analysis front, both brokers equip traders with tools from Trading Central, ensuring access to reliable analytics. Despite this, sentiment-based trading tools favor Plus500 as it provides traders with info on the ratio of long and short positions across various instruments, a feature not available with HYCM.
Plus500 and HYCM both feature economic calendars to keep users informed of upcoming events, yet differ in user ratings and rankings for research. Plus500 boasts a higher rating of 4.0 out of 5 stars for research, while HYCM trails slightly with a 3.5-star rating. Ranking by ForexBrokers.com further solidifies Plus500's edge, placing it at #19 among 62 brokers in the research category, compared to HYCM's position at #35. This makes Plus500 a slightly better option for traders prioritizing comprehensive market research and sentiment analysis tools.
| Feature |
Plus500
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | 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 comparing the educational resources for beginners offered by Plus500 and HYCM, both brokers provide a solid foundation. Plus500 stands out by offering a wide array of educational materials, including more than 10 articles, videos, and archived webinars focused on forex and CFDs. They also host monthly webinars and maintain a searchable library of past sessions, making it easy for users to revisit content. In addition to catering to beginners, Plus500 offers advanced educational videos for more experienced traders. However, Plus500 does not provide an investor dictionary, which might be a downside for those looking to understand specific investing terms.
HYCM also provides over 10 educational resources focused on forex and CFDs, along with a searchable archive of recorded webinars. However, they do not conduct monthly webinars, which could be a missed opportunity for real-time learning. HYCM’s educational offerings include videos tailored for beginners, but they lack advanced trading videos for seasoned traders. On the plus side, they offer a comprehensive investor dictionary, making it easier for beginners to grasp key terminology. When rated on a scale of five stars for education, Plus500 achieves a score of 4.0, slightly higher than HYCM's 3.5. Consequently, Plus500 ranks slightly better at #31 compared to HYCM's #32 out of 62 brokers, according to ForexBrokers.com.
| Feature |
Plus500
|
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) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that Plus500 is better than HYCM (Henyep Capital Markets). Plus500 finished with an overall rank of #14, while HYCM (Henyep Capital Markets) finished with an overall rank of #29.
Plus500 is a trusted global brand that offers an easy-to-use trading platform for online traders, alongside access to a thorough selection of CFDs. Share trading is available, but only via its Plus500 Invest product offering.
| Feature |
Plus500
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HYCM (Henyep Capital Markets)
|
|---|---|---|
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| Trust Score | 99 | 86 |
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Both Plus500 and HYCM (Henyep Capital Markets) do not offer the ability to buy actual (delivered) cryptocurrency, but they do provide options to trade cryptocurrency derivatives.
Plus500 and HYCM (Henyep Capital Markets) both facilitate fund deposits and withdrawals via Skrill, Visa, Mastercard, and bank wires, but differ in that Plus500 supports PayPal transactions, whereas HYCM does not; neither broker offers 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 | Plus500 | HYCM (Henyep Capital Markets) | |
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| Trust Score | 99 | 86 | |
| Winner | check_circle | ||
| Review | Plus500 Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | Plus500 | HYCM (Henyep Capital Markets) | |
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| Regulation | Plus500 | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trust Score | 99 | 86 | |
| Year Founded | 2008 | 1977 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 6 | 2 | |
| Tier-2 Licenses | 3 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Plus500 | 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) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Plus500 | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | Yes | 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 | Plus500 | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5500 | 1199 | |
| Forex Pairs (Total) | 65 | 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). Non-CFD share trading at Plus500 is only available through the Plus500 Invest account. | 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 | Plus500 | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.5 | 1.2 | |
| All-in Cost EUR/USD - Active | 1.5 | 0.6 | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Plus500 | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | €100 | $20 | |
| PayPal (Deposit/Withdraw) | Yes | 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 | Plus500 | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | 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 | Plus500 | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 10 | 7 | |
| Charting - Indicators / Studies (Total) | 114 | 30 | |
| Charting - Drawing Tools (Total) | 22 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Plus500 | 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 | 110 | 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 | Plus500 | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Plus500 | 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) | No | Yes |
| Major Forex Pairs | Plus500 | 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 | Plus500 Review | HYCM (Henyep Capital Markets) Review |
| Overall | Plus500 | HYCM (Henyep Capital Markets) | |
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| Trust Score | 99 | 86 | |
| Winner | check_circle | ||
| Review | Plus500 Review | HYCM (Henyep Capital Markets) Review |
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