Written by ForexBrokers.com
In this head to head comparison of HYCM (Henyep Capital Markets) vs RoboForex, 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 RoboForex are both well-known online brokers, each offering extensive trading services. Established in 1977, HYCM is a seasoned player in the financial industry, while RoboForex entered the market in 2009. Neither broker is publicly traded nor operates as a bank. When it comes to regulatory standing, HYCM commands a stronger position with two Tier-1 licenses and one Tier-2 license. This structure contributes to its ForexBrokers.com Trust Score of 86, placing it in the 'trusted' category. RoboForex, on the other hand, holds one Tier-1 license and carries a Trust Score of 73, indicating an 'average risk' designation.
For individuals seeking to evaluate trustworthiness in online trading, HYCM stands out for its long-established presence and stronger regulatory credentials. However, RoboForex remains a viable alternative with a more moderate risk profile. These differences underscore the importance of considering regulatory frameworks and trust scores when selecting an online broker to meet specific trading needs.
| Feature |
HYCM (Henyep Capital Markets)
|
RoboForex
|
|---|---|---|
| Year Founded | 1977 | 2009 |
| 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 | 2 |
When comparing online brokers HYCM (Henyep Capital Markets) and RoboForex, it's clear that HYCM stands out with a more favorable pricing structure. HYCM's Raw account offers a competitive edge with an all-in cost of approximately 0.6 pips for the EUR/USD pair, including the commission. This makes it an attractive choice for traders seeking cost-effective options. Meanwhile, HYCM's Classic account comes with higher rates due to a variable spread that starts from 1.2 pips, and their fixed-spread account reports a spread of 1.5 pips.
In contrast, RoboForex presents average spreads of 1.3 pips for the EUR/USD on their Procent and Pro accounts, which is relatively high compared to HYCM's offerings. This difference in pricing structure reflects in their ratings and rankings. HYCM, with its attractive pricing, earns a commendable 4.5-star rating and ranks #15 out of 62 brokers in the Commissions and Fees category according to ForexBrokers.com.
RoboForex, on the other hand, receives a lower 3.5-star rating, placing it at #54 out of 62 brokers. This indicates that while both brokers provide reliable services, HYCM is often preferred for its cost-efficient trading conditions, particularly in the area of commissions and fees.
| Feature |
HYCM (Henyep Capital Markets)
|
RoboForex
|
|---|---|---|
| Minimum Deposit | $20 | $100 |
| Average Spread EUR/USD - Standard | 1.2 | 1.3 |
| 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 | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments between HYCM and RoboForex, both platforms provide access to forex trading through CFDs and spot contracts. HYCM offers 1,199 tradeable symbols across its platform, whereas RoboForex stands out with an impressive 8,400 symbols. In terms of forex pairs, HYCM provides a larger selection with 70 pairs, while RoboForex offers 28. Notably, HYCM gives clients the opportunity to invest in exchange-traded securities on both U.S. and international markets, unlike RoboForex, which doesn't offer this feature.
RoboForex surpasses HYCM with its provision of copy trading, an absent feature at HYCM. For cryptocurrency enthusiasts, both platforms allow trading through derivatives but do not support the purchase of actual, delivered cryptocurrencies. In the overall ranking for the range of investments, RoboForex earns 4.5 stars and is ranked 20th out of 62 brokers, while HYCM garners 4 stars and occupies the 33rd spot. Both brokers have their unique strengths, catering to different investor preferences.
| Feature |
HYCM (Henyep Capital Markets)
|
RoboForex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 8400 |
| Forex Pairs (Total) | 70 | 28 |
| 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 comparing the trading platforms and tools of HYCM and RoboForex, both brokers offer virtual demo accounts, allowing users to practice trading without real-world risks. However, a notable difference is that HYCM provides a proprietary platform developed in-house, whereas RoboForex does not. Both brokers support popular platforms MetaTrader 4 and MetaTrader 5, ensuring a comprehensive trading experience. For desktop users, each offers a Windows-based download as well as web-based platforms, catering to a range of preferences and needs. An additional distinction lies in copy trading options; RoboForex offers this feature while HYCM does not, which may influence traders interested in mimicking the strategies of others.
In terms of charting tools, both brokers offer 15 drawing tools, and they also allow traders to execute trades directly from stock charts, enhancing convenience. Each provides the same number of columns for watch lists, making it easy to track various investments. While HYCM is ranked slightly higher at #40 compared to RoboForex at #43 in the Trading Platforms and Tools category by ForexBrokers.com, both earn a solid 4-star rating. These brokers excel in delivering versatile trading environments, though their unique offerings might cater to different trader needs and strategies.
| Feature |
HYCM (Henyep Capital Markets)
|
RoboForex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When choosing a mobile trading app, both HYCM (Henyep Capital Markets) and RoboForex offer handy options for your trading needs. Both platforms are available on iPhone and Android, allowing users to access stock and forex price alerts on the go. Though neither app supports watchlist symbol syncing, each provides a rich selection of 30 technical studies for in-app charting. Users can draw trendlines and view charts in multiple time frames, like daily, weekly, or intraday, with auto-save features to store any smart drawing alterations you make.
Both apps allow the creation of watchlists featuring real-time quotes, a feature essential for traders who want instant updates. Rated four stars out of five for mobile trading apps, their performance is quite similar. However, according to ForexBrokers.com, HYCM stands slightly higher at rank 37, compared to RoboForex's ranking of 43 among 62 brokers. Whether you choose HYCM or RoboForex, both provide solid tools for on-the-go trading in a user-friendly manner.
| Feature |
HYCM (Henyep Capital Markets)
|
RoboForex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
HYCM (Henyep Capital Markets) and RoboForex both provide their users with valuable market research tools, including daily market commentary and access to forex news from top-tier sources such as Bloomberg and Reuters. Both brokers also offer technical analysis and fundamental research tools from Trading Central, enhancing traders' decision-making processes. However, neither HYCM nor RoboForex provides Autochartist tools or sentiment-based trading tools that show long or short position ratios across currency pairs. Additionally, both are missing market research from TipRanks.
While both brokers feature economic calendars displaying global news events, RoboForex has the added advantage of offering research tools from Acuity Trading, including the Signal Centre. Despite this, both brokers are rated equally for research with a score of 3.5 out of 5 stars. When considering their ranking among 62 brokers, ForexBrokers.com places HYCM slightly ahead at #35, while RoboForex is ranked close behind at #37. This suggests both brokers offer competitive research tools but with slight variations in their offerings.
| Feature |
HYCM (Henyep Capital Markets)
|
RoboForex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginner traders, HYCM (Henyep Capital Markets) stands out significantly more than RoboForex. HYCM offers a wide array of educational content that covers over ten pieces focusing on forex or CFDs, including articles, videos, and archived webinars. Notably, they provide beginners with at least ten detailed educational videos that make it easier to understand trading concepts. Additionally, HYCM has a searchable archive of previously recorded webinars, which can be a valuable resource for learning at one's own pace. Their educational support is rounded off with an investor dictionary containing definitions for over 50 investing terms, making it clear why they rank #32 out of 62 brokers for education, with a 3.5-star rating.
On the flip side, RoboForex falls short in providing extensive educational resources for newcomers. They do not meet the minimum of ten educational pieces on forex or CFDs, nor do they offer the same level of beginner-focused videos as HYCM. While both brokers lack monthly online webinars, RoboForex also does not have a searchable archive of past webinars, which limits a beginner’s opportunity to revisit or learn from previous sessions. Further emphasizing the gap, RoboForex does not provide an investor dictionary, which might contribute to their lower ranking of #56 in the education category, despite sharing the same 3.5-star rating as HYCM. For beginners seeking a more educationally enriched experience, HYCM is a more comprehensive choice compared to RoboForex.
| Feature |
HYCM (Henyep Capital Markets)
|
RoboForex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
| 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 RoboForex. HYCM (Henyep Capital Markets) finished with an overall rank of #29, while RoboForex finished with an overall rank of #46.
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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RoboForex
|
|---|---|---|
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| Trust Score | 86 | 73 |
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Both HYCM (Henyep Capital Markets) and RoboForex offer trading in cryptocurrency derivatives, but neither provides the option to purchase actual (delivered) cryptocurrencies.
When comparing online brokers HYCM (Henyep Capital Markets) and RoboForex, it's important to note that RoboForex offers more flexible options for depositing and withdrawing account funds, including ACH and SEPA transfers as well as PayPal, which are not available with HYCM; however, both brokers support Skrill, Visa, Mastercard, and bank wires.
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) | RoboForex | |
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| Trust Score | 86 | 73 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | RoboForex Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | RoboForex | |
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| Regulation | HYCM (Henyep Capital Markets) | RoboForex | |
|---|---|---|---|
| Trust Score | 86 | 73 | |
| Year Founded | 1977 | 2009 | |
| 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 | 2 |
| Tier-1 Licenses (Highly Trusted) | HYCM (Henyep Capital Markets) | RoboForex | |
|---|---|---|---|
| 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) | RoboForex | |
|---|---|---|---|
| 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) | RoboForex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1199 | 8400 | |
| Forex Pairs (Total) | 70 | 28 | |
| 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) | RoboForex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | 1.3 | |
| All-in Cost EUR/USD - Active | 0.6 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | HYCM (Henyep Capital Markets) | RoboForex | |
|---|---|---|---|
| Minimum Deposit | $20 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | HYCM (Henyep Capital Markets) | RoboForex | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | HYCM (Henyep Capital Markets) | RoboForex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | HYCM (Henyep Capital Markets) | RoboForex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | HYCM (Henyep Capital Markets) | RoboForex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | RoboForex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | RoboForex | |
|---|---|---|---|
| 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 | RoboForex Review |
| Overall | HYCM (Henyep Capital Markets) | RoboForex | |
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| Trust Score | 86 | 73 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | RoboForex Review |
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