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Saxo vs HYCM (Henyep Capital Markets) 2026

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025
  Fact Checked

In this head to head comparison of Saxo 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.

Saxo
5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 99
  • Tradeable Symbols (Total): 71000
HYCM (Henyep Capital Markets)
4/5 Stars Overall
  • Minimum Deposit: $20
  • Trust Score: 85
  • Tradeable Symbols (Total): 1199

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

Saxo (founded 1992) and HYCM (Henyep Capital Markets, founded 1977) are online brokers with different profiles. Neither broker is publicly traded. Saxo is a bank, while HYCM is not.

Looking at regulatory information, ForexBrokers.com notes that Tier-1 licenses are the most trusted. Saxo holds 7 Tier-1 licenses and 1 Tier-2 license, and earns a 99/99 Trust Score (90–99 = highly trusted). HYCM holds 2 Tier-1 licenses and 1 Tier-2 license, with an 85/99 Trust Score (80–89 = trusted).

Feature Saxo logoSaxo
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Year Founded info 1992 1977
Publicly Traded (Listed) info No No
Bank info Yes No
Tier-1 Licenses info 7 2
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 1

Fees

Saxo stands out for its low-cost pricing, especially for active traders, high-volume traders, and clients with larger balances. Its forex trading is generally commission-free, though accounts trading under 50,000 units per month are charged a $3 ticket fee per side. In November 2023, average EUR/USD spreads were 1.1 pips for Classic, 1.0 pips for Platinum, and 0.9 pips for VIP. Saxo is rated 5 stars for commissions and fees and ranks #8 out of 36 brokers in this category.

HYCM (Henyep Capital Markets) also offers competitive pricing, but it is not as cheap overall as Saxo. Its Raw account has an estimated all-in EUR/USD cost of about 0.6 pips after commission, while the Classic account starts from 1.2 pips on a variable spread basis. HYCM also has a fixed-spread account at 1.5 pips. HYCM is rated 4.5 stars for commissions and fees and ranks #18 out of 36 brokers.

Overall, Saxo is the better choice for commissions and fees, especially for traders who can qualify for lower-tier pricing through higher balances or trading volume. HYCM can still be a good option for traders looking for straightforward account choices, but Saxo offers the stronger mix of lower spreads and better overall pricing.

Feature Saxo logoSaxo
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Minimum Deposit info $0 $20
Average spread (EUR/USD) - Standard account info 1.0 info 1.3 info
All-in Cost EUR/USD - Active info 0.8 info 0.6 info
Non-wire bank transfer info No No
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info No Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

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Range of investments

Saxo and HYCM both let clients trade forex as CFDs or spot contracts, buy and sell exchange-traded securities on U.S. and international markets, and access cryptocurrency CFDs. Neither broker offers copy trading or the ability to buy delivered crypto. Where Saxo stands out is scale: it offers about 71,000 tradeable symbols and 190 forex pairs, compared with HYCM’s 1,199 symbols and 70 forex pairs. That wider choice gives Saxo a much larger selection of markets for traders who want more variety in one place.

In terms of ratings, Saxo is scored 5 out of 5 for Range of Investments and ranks #3 out of 36 brokers at ForexBrokers.com, while HYCM is rated 4 out of 5 and ranks #27. For investors looking for the broadest market access, Saxo has the edge, while HYCM still covers the core markets many traders need.

Feature Saxo logoSaxo
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 71000 1199
Forex Pairs (Total) info 190 70
U.S. Stocks (Shares) info Yes Yes
Global Stocks (Non-U.S. Shares) info Yes Yes
Copy Trading info No No
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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.

Trading platforms and tools

Saxo and HYCM both give traders a wide set of platform choices, including a free demo account, their own in-house trading platform, Windows desktop software, and a web-based platform you can use in your browser. Both also let you trade directly from a chart, but neither offers copy trading. For charting tools and watch lists, the available information does not list the exact number of technical indicators or watch list fields for either broker.

The biggest difference is that HYCM supports both MetaTrader 4 and MetaTrader 5, while Saxo does not offer either platform. That edge helps HYCM if you want the familiar MetaTrader experience, but Saxo still comes out ahead overall in this category, with a 5-star rating for Trading Platforms and Tools and a ForexBrokers.com ranking of #3 out of 36 brokers, compared with HYCM’s 4-star rating and #32 ranking.

Feature Saxo logoSaxo
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
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 No Yes
MetaTrader 5 (MT5) info No Yes
Charting - Indicators / Studies (Total) info 61 30
Charting - Trade From Chart info Yes Yes

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

Forex trading apps

Saxo and HYCM both offer iPhone and Android apps, along with price alerts and the ability to draw trendlines on charts. Both apps also save chart drawings automatically, which makes it easier to pick up where you left off. For everyday mobile trading needs, each broker gives users the basic tools to monitor markets and manage trades on the go.

That said, Saxo has a clear edge in mobile trading. Its app offers watchlist syncing between mobile and online accounts, while HYCM does not. Saxo also provides 64 technical studies in its mobile charting tools, compared with 30 at HYCM. These differences help explain Saxo’s stronger mobile app rating of 5 stars and its #3 ranking out of 36 brokers, versus HYCM’s 4-star rating and #30 ranking.

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

Dive deeper: Best Forex Trading Apps.

Market research

Saxo and HYCM both give traders daily market commentary, news from top sources like Bloomberg and Reuters, and an economic calendar with upcoming global events. That means each broker covers the basics well for staying on top of market-moving news. However, Saxo goes further with Autochartist and a sentiment tool that shows the balance of long and short positions across markets, while HYCM does not offer those features. On the other hand, HYCM includes Trading Central research tools, which Saxo does not.

Overall, Saxo comes out ahead for market research, earning 5 stars and the top spot out of 36 brokers for the Research category on ForexBrokers.com. HYCM still offers useful research coverage, but it is rated 3.5 stars and ranked #29, so its research tools are more limited by comparison.

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

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When comparing Saxo and HYCM (Henyep Capital Markets) for beginner-friendly learning resources, Saxo comes out ahead overall. Saxo offers forex and CFDs education with at least 10 dedicated pieces, runs online educational client webinars at least once a month, and provides 10 or more beginner videos as well as 10 or more advanced videos. This makes Saxo a stronger choice for new traders who want a wider mix of lessons, videos, and live learning support. It is also rated 5 stars for Education and ranks #12 out of 36 brokers in the Education category on ForexBrokers.com.

HYCM also offers at least 10 beginner videos and provides forex or CFDs education, but it falls behind Saxo in a few important areas for beginners. HYCM does not offer monthly educational webinars and does not have at least 10 advanced educational videos, which may matter for traders looking to keep learning as they gain experience. Its Education score is 3.5 stars, and it ranks #27 out of 36 brokers, so while it does give beginners a starting point, Saxo offers a more complete educational experience overall.

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

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that Saxo is better than HYCM (Henyep Capital Markets). Saxo finished with an overall rank of #3, while HYCM (Henyep Capital Markets) finished with an overall rank of #26.

Saxo is a multi-asset broker with brilliant research and a superb trading platform experience – as well as a stunning selection of over 40,000 securities.

Feature Saxo logoSaxo
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Overall Rating info 5/5 Stars 4/5 Stars
Trust Score info 99 85
Range of Investments 5/5 Stars 4/5 Stars
Trading Fees 5/5 Stars 4.5/5 Stars
Trading Platforms 5/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Education 4/5 Stars 4/5 Stars

FAQs

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

In a Saxo vs HYCM (Henyep Capital Markets) comparison, neither broker allows buying actual (delivered) cryptocurrencies, but both provide access to cryptocurrency CFDs for trading exposure.

What funding options does each broker offer?

In a Saxo vs HYCM (Henyep Capital Markets) funding comparison, both brokers support bank wire deposits/withdrawals and do not offer ACH/SEPA or PayPal, while HYCM additionally supports Skrill (Saxo does not); Visa/Mastercard availability is not specified.

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Overall Rating Saxo HYCM (Henyep Capital Markets)
Overall Rating info 5/5 Stars 4/5 Stars
Trading Fees 5/5 Stars 4.5/5 Stars
Range of Investments 5/5 Stars 4/5 Stars
Trading Platforms 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 99 85
Winner check_circle
Review Saxo Review HYCM (Henyep Capital Markets) Review
Broker Screenshots Saxo HYCM (Henyep Capital Markets)
Broker Gallery (click to expand) info
Saxo SaxoTraderGO mobile charts. Saxo SaxoTraderGO web platform webinars SaxoTraderGO web platform US election geopolitical market event theme. Saxo's research daily articles forex market analysis
HYCM MT5 desktop trading platform HYCM client portal Analyst Views market analysis HYCM YouTube channel videos.
Regulation Saxo HYCM (Henyep Capital Markets)
Trust Score info 99 85
Year Founded info 1992 1977
Publicly Traded (Listed) info No No
Bank info Yes No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-1 Licenses info 7 2
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 0 1
Tier-1 Licenses (Highly Trusted) Saxo HYCM (Henyep Capital Markets)
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info Yes Yes
Japan (FSA Authorised) info Yes No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info Yes
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-2 Licenses (Trusted) Saxo HYCM (Henyep Capital Markets)
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA, FSRA, or CMA Authorised) info Yes info Yes
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments Saxo HYCM (Henyep Capital Markets)
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 71000 1199
Forex Pairs (Total) info 190 70
U.S. Stocks (Shares) info Yes Yes
Global Stocks (Non-U.S. Shares) info Yes Yes
Copy Trading info No No
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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 Saxo HYCM (Henyep Capital Markets)
Average spread (EUR/USD) - Standard account info 1.0 info 1.3 info
All-in Cost EUR/USD - Active info 0.8 info 0.6 info
Inactivity Fee info Yes No
Order execution: Agency info Yes Yes
Order execution: Market Maker info Yes Yes
Funding Saxo HYCM (Henyep Capital Markets)
Minimum Deposit info $0 $20
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info No Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info No No
Trading Platforms Saxo HYCM (Henyep Capital Markets)
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 No Yes
MetaTrader 5 (MT5) info No Yes
cTrader info No No
Trading Tools Saxo HYCM (Henyep Capital Markets)
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 61 30
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading Saxo HYCM (Henyep Capital Markets)
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 Yes No
Mobile Charting - Indicators / Studies info 64 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes
Mobile Research - Economic Calendar info Yes Yes
Research Saxo HYCM (Henyep Capital Markets)
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central info No Yes
TipRanks info No No
Client sentiment data info Yes No
Economic Calendar info Yes Yes
Education Saxo HYCM (Henyep Capital Markets)
Webinars info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Major Forex Pairs Saxo HYCM (Henyep Capital Markets)
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 Saxo Review HYCM (Henyep Capital Markets) Review
Overall Saxo HYCM (Henyep Capital Markets)
Overall Rating info 5/5 Stars 4/5 Stars
Trading Fees 5/5 Stars 4.5/5 Stars
Range of Investments 5/5 Stars 4/5 Stars
Trading Platforms 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 99 85
Winner check_circle
Review Saxo Review HYCM (Henyep Capital Markets) Review
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