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HYCM (Henyep Capital Markets) vs Questrade 2026

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025
  Fact Checked

In this head to head comparison of HYCM (Henyep Capital Markets) vs Questrade, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

HYCM (Henyep Capital Markets)
4/5 Stars Overall
  • Minimum Deposit: $20
  • Trust Score: 85
  • Tradeable Symbols (Total): 1199
Questrade
4/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 85
  • Tradeable Symbols (Total): 675

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.

Regulation

HYCM (Henyep Capital Markets), founded in 1977, and Questrade, founded in 2000, are both online brokers that are not publicly traded and are not banks. Each earns a ForexBrokers.com Trust Score of 85 out of 99, placing both in the “trusted” range (80–89).

On regulation, HYCM holds 2 Tier-1 licenses (considered highly trusted by ForexBrokers.com) and 1 Tier-2 license (trusted), while Questrade holds 1 Tier-1 license and no Tier-2 licenses. Both are rated trusted, but HYCM has a broader mix of high- and mid-tier regulatory approvals, which may appeal to clients who value stronger oversight.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Questrade logoQuestrade
Year Founded info 1977 2000
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 2 1
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0

Fees

HYCM (Henyep Capital Markets) comes out ahead of Questrade on commissions and fees, especially for forex traders looking for lower trading costs. HYCM’s Raw account offers competitive pricing, with an all-in cost of about 0.6 pips on EUR/USD after commission, while its Classic account starts from a wider 1.2 pip spread. It also offers a fixed-spread account at 1.5 pips. HYCM is rated 4.5/5 stars and ranks #18 out of 36 brokers for commissions and fees.

Questrade Global uses spread-based pricing, so costs are built into the bid-ask spread instead of a separate commission. Questrade says spreads can be as low as 0.8 pips under normal market conditions, but real-world averages for major pairs were closer to 2.1 to 2.5 pips, which can make trading more expensive. For CFDs, Questrade also charges a $9.95 USD trading fee per unit, and overnight financing costs may add more. Questrade is rated 3.5/5 stars and ranks #33 out of 36 in the commissions and fees category.

In simple terms, HYCM is the lower-cost choice overall, while Questrade may be easier to understand at first because its pricing is mostly wrapped into the spread. But if you trade often, HYCM’s tighter pricing and better fee score may help you keep more of your money.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Questrade logoQuestrade
Minimum Deposit info $20 $0
Average spread (EUR/USD) - Standard account info 1.3 info 0.8 or higher
All-in Cost EUR/USD - Active info 0.6 info N/A
Non-wire bank transfer info No No
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes No
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

HYCM (Henyep Capital Markets) offers a wider overall spread of tradable markets than Questrade, with 1,199 symbols available versus Questrade’s 675. HYCM also supports forex trading, with 70 currency pairs, and it goes beyond Questrade by offering actual shares on U.S. and international exchanges, such as Apple and Vodafone. In addition, HYCM lets clients trade cryptocurrency CFDs, while Questrade does not offer crypto CFDs, and neither broker supports copy trading or buying actual delivered cryptocurrency.

Questrade still stands out in one key area: it offers more forex pairs than HYCM, with 110 available. That strength helps explain why Questrade earns a 5-star rating and ranks #12 out of 36 brokers for Range of Investments, compared with HYCM’s 4-star rating and #27 ranking. Overall, HYCM gives traders access to more types of markets and listed shares, while Questrade has the edge in forex pair selection.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Questrade logoQuestrade
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1199 675
Forex Pairs (Total) info 70 110
U.S. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes No
Copy Trading info No No
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info Yes No
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).

Dive deeper: Best Copy Trading Platforms.

Trading platforms and tools

HYCM (Henyep Capital Markets) and Questrade both give traders a solid mix of platform choices, including a free demo account, a proprietary platform, a Windows desktop download, and a web-based trading platform. Both also let users trade directly from charts, and neither broker offers copy trading. In terms of Trading Platforms and Tools, each is rated 4 out of 5 stars, so they are fairly close overall for everyday trading needs.

The biggest difference is that HYCM supports MetaTrader 4 and MetaTrader 5, which can be a plus for traders who want access to those popular third-party platforms. Questrade does not offer MT4 or MT5. Still, Questrade edges ahead in ForexBrokers.com’s ranking for this category, coming in at #28 out of 36 brokers, compared with HYCM at #32 out of 36.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Questrade logoQuestrade
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info No No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes No
Charting - Indicators / Studies (Total) info 30 64
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

HYCM (Henyep Capital Markets) and Questrade both make mobile trading easy with iPhone and Android apps, plus stock and forex price alerts. Each app also lets users draw trendlines and automatically saves those drawings, which is helpful for tracking chart setups on the go. For mobile charting, HYCM offers 30 technical studies, while Questrade gives traders access to 64, giving Questrade a clear edge for users who want more chart tools in their pocket.

One important difference is watchlist syncing: Questrade lets watchlists update between the mobile app and online account, but HYCM does not. In ratings, HYCM scores 4 out of 5 stars for mobile trading apps, compared with Questrade’s 3.5 stars, though Questrade ranks slightly higher overall at #28 out of 36 brokers versus HYCM’s #30. That makes Questrade stronger for syncing and charting, while HYCM still holds a slight rating advantage for overall mobile app experience.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Questrade logoQuestrade
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info No Yes
Mobile Charting - Indicators / Studies info 30 64
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

When comparing HYCM (Henyep Capital Markets) and Questrade for market research, HYCM has the edge in a few important areas. It offers daily market commentary, forex news from major sources like Bloomberg and Reuters, and an economic calendar to help traders track key global events. HYCM also includes Trading Central tools for technical analysis. Questrade, on the other hand, does not provide daily market commentary, top-tier forex news, or an economic calendar, but it does add Autochartist, Trading Central tools, and TipRanks research.

Both brokers are rated 3.5 out of 5 stars for research, but their overall standings differ. In ForexBrokers.com’s research ranking, HYCM places #29 out of 36 brokers, while Questrade ranks #34. If you want more built-in market updates and news coverage, HYCM may be the better fit. If you prefer access to Autochartist and TipRanks, Questrade offers those extra research tools.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Questrade logoQuestrade
Daily Market Commentary (Articles) info Yes No
Forex News (Top-Tier Sources) info Yes No
Autochartist info No Yes
Trading Central info Yes Yes
Client sentiment data info No No
TipRanks info No Yes
Acuity Trading info No No
Economic Calendar info Yes No

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When comparing HYCM (Henyep Capital Markets) and Questrade for beginner education, both brokers land in a similar spot overall. Each is rated 3.5 out of 5 stars for Education, and neither offers monthly online educational client webinars. HYCM does have an edge for new traders because it offers at least 10 beginner-focused educational videos, while Questrade does not meet that mark. In ForexBrokers.com’s Education ranking, HYCM is placed #27 out of 36 brokers, just ahead of Questrade at #28.

For forex or CFDs learning content, neither broker appears to offer the minimum 10 educational pieces centered on forex or CFDs, so beginners looking for a large library on those exact topics may need to look elsewhere. HYCM is the better pick if you want more starter-friendly video lessons, while Questrade is a bit more limited in that area. Overall, both brokers offer some educational value, but HYCM provides a slightly stronger starting point for beginners.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Questrade logoQuestrade
Webinars info No No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info No No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that HYCM (Henyep Capital Markets) is better than Questrade. HYCM (Henyep Capital Markets) finished with an overall rank of #26, while Questrade finished with an overall rank of #29.

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).

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Questrade logoQuestrade
Overall Rating info 4/5 Stars 4/5 Stars
Trust Score info 85 85
Range of Investments 4/5 Stars 5/5 Stars
Trading Fees 4.5/5 Stars 3.5/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Education 4/5 Stars 3/5 Stars

FAQs

Can you trade cryptocurrency with HYCM (Henyep Capital Markets) or Questrade?

Comparing crypto availability, HYCM (Henyep Capital Markets) and Questrade both do not allow buying actual (delivered) cryptocurrency, but HYCM offers cryptocurrency CFDs while Questrade does not.

What funding options does each broker offer?

Comparing online brokers HYCM (Henyep Capital Markets) and Questrade: neither supports ACH or SEPA transfers or PayPal, both allow bank wire deposits and withdrawals, HYCM additionally supports Skrill while Questrade does not, and Visa/Mastercard availability is not specified for either.

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Overall Rating HYCM (Henyep Capital Markets) Questrade
Overall Rating info 4/5 Stars 4/5 Stars
Trading Fees 4.5/5 Stars 3.5/5 Stars
Range of Investments 4/5 Stars 5/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Education 4/5 Stars 3/5 Stars
Trust Score info 85 85
Winner check_circle
Review HYCM (Henyep Capital Markets) Review Questrade Review
Broker Screenshots HYCM (Henyep Capital Markets) Questrade
Broker Gallery (click to expand) info
HYCM MT5 desktop trading platform HYCM client portal Analyst Views market analysis HYCM YouTube channel videos.
Questrade Global web platform dashboard. Questrade Global web platform Autochartist signals. Questrade educational content featured lessons.
Regulation HYCM (Henyep Capital Markets) Questrade
Trust Score info 85 85
Year Founded info 1977 2000
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info No info No
Tier-1 Licenses info 2 1
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0
Tier-1 Licenses (Highly Trusted) HYCM (Henyep Capital Markets) Questrade
Australia (ASIC Authorised) info No
Canada (CIRO Authorised) info No Yes
Hong Kong (SFC Authorised) info Yes No
Japan (FSA Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info No info No
Tier-2 Licenses (Trusted) HYCM (Henyep Capital Markets) Questrade
Kenya (CMA Authorised) info No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA, FSRA, or CMA Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No
Investments HYCM (Henyep Capital Markets) Questrade
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1199 675
Forex Pairs (Total) info 70 110
U.S. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes No
Copy Trading info No No
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info Yes No
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).
Cost HYCM (Henyep Capital Markets) Questrade
Average spread (EUR/USD) - Standard account info 1.3 info 0.8 or higher
All-in Cost EUR/USD - Active info 0.6 info N/A
Inactivity Fee info No No
Order execution: Agency info Yes Yes
Order execution: Market Maker info Yes No
Funding HYCM (Henyep Capital Markets) Questrade
Minimum Deposit info $20 $0
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes No
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info No No
Trading Platforms HYCM (Henyep Capital Markets) Questrade
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info No No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes No
cTrader info No No
Trading Tools HYCM (Henyep Capital Markets) Questrade
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 30 64
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading HYCM (Henyep Capital Markets) Questrade
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info No Yes
Mobile Charting - Indicators / Studies info 30 64
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes
Mobile Research - Economic Calendar info Yes Yes
Research HYCM (Henyep Capital Markets) Questrade
Daily Market Commentary (Articles) info Yes No
Forex News (Top-Tier Sources) info Yes No
Autochartist info No Yes
Trading Central info Yes Yes
TipRanks info No Yes
Client sentiment data info No No
Economic Calendar info Yes No
Education HYCM (Henyep Capital Markets) Questrade
Webinars info No No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info No No
Major Forex Pairs HYCM (Henyep Capital Markets) Questrade
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review HYCM (Henyep Capital Markets) Review Questrade Review
Overall HYCM (Henyep Capital Markets) Questrade
Overall Rating info 4/5 Stars 4/5 Stars
Trading Fees 4.5/5 Stars 3.5/5 Stars
Range of Investments 4/5 Stars 5/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Education 4/5 Stars 3/5 Stars
Trust Score info 85 85
Winner check_circle
Review HYCM (Henyep Capital Markets) Review Questrade Review
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