Written by ForexBrokers.com
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.
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.
Saxo and HYCM are two established online brokers, with foundational years of 1992 and 1977, respectively. While Saxo operates as a bank, HYCM does not hold banking status. Both companies remain privately held and are not listed on stock exchanges. In terms of regulatory standing, Saxo holds an edge with seven Tier-1 licenses and a perfect Trust Score of 99 from ForexBrokers.com, reflecting its high reliability. HYCM, with a Trust Score of 86, maintains a trusted position with two Tier-1 licenses, ensuring a solid level of confidence for traders.
When comparing regulatory assurances, Saxo's position is bolstered by its higher number of top-tier licenses, indicating greater compliance with strict regulatory standards. Both brokers possess one Tier-2 license each, which adds an additional layer of credibility. These factors make Saxo a more secure choice from a regulatory perspective, though HYCM remains a viable option for those seeking a trusted brokerage service.
| Feature |
Saxo
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 1992 | 1977 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing Saxo with HYCM in terms of commissions and fees, both brokers offer attractive options tailored to different trading needs, though Saxo slightly edges out in pricing. Saxo is known for its excellent all-around pricing, especially favorable for active and high-volume traders, as well as those capable of maintaining significant account balances. With no minimum deposit required for its Classic account, Saxo provides flexibility for beginners entering the market, while its Platinum and VIP accounts offer competitive spreads for more serious investors. Saxo's VIP account, honored with the 2024 Annual Award for the best VIP Client Experience, targets elite investors with premium benefits and exclusive access. Rated with a perfect 5-star score in commissions and fees, Saxo stands out at #9 among 62 brokers according to ForexBrokers.com.
On the other hand, HYCM presents its Raw account with competitive pricing, featuring an all-in cost of approximately 0.6 pips for EUR/USD, making it attractive for traders seeking lower spreads. Their Classic account starts with a variable spread from 1.2 pips, while the fixed-spread account maintains a spread of 1.5 pips, appealing to traders valuing predictable costs. Though HYCM’s fees are slightly higher and rated 4.5 stars for commissions and fees, it remains a solid choice in the market, ranked #15 out of 62 brokers.
In a nutshell, while Saxo and HYCM both provide competitive options tailored to different levels of traders, Saxo offers more advantageous pricing for experienced traders who can take part in its loyalty rewards, ultimately providing a slightly better overall pricing structure. Traders looking to upgrade their account tier with Saxo can benefit from deeper savings and premium services, underscoring Saxo’s position as a top contender in the industry.
| Feature |
Saxo
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $0 | $20 |
| Average Spread EUR/USD - Standard | 1.1 | 1.2 |
| All-in Cost EUR/USD - Active | 0.9 | 0.6 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | 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 available through Saxo and HYCM, Saxo offers a significantly wider selection with 70,000 tradeable symbols, whereas HYCM provides access to 1,199 symbols. Both platforms offer forex trading as CFDs or spot contracts, but Saxo has a broader range with 190 tradeable forex pairs compared to HYCM's 70. Additionally, both brokers allow investments in exchange-traded securities on U.S. and international exchanges, giving clients the option to invest in companies like Apple and Vodafone. For traders interested in cryptocurrencies, both Saxo and HYCM offer cryptocurrency derivatives, but neither allows the purchase of actual cryptocurrencies.
In terms of additional features, Saxo provides a copy trading option, a feature not available with HYCM. When it comes to ratings, Saxo shines with a 5-star rating for its range of investments, securing the 3rd spot among 62 brokers according to ForexBrokers.com. In contrast, HYCM receives a 4-star rating, placing it at 33rd in the same category. Overall, Saxo stands out for investors looking for a diverse and comprehensive range of investment opportunities.
| Feature |
Saxo
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 70000 | 1199 |
| Forex Pairs (Total) | 190 | 70 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | 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 Saxo and HYCM (Henyep Capital Markets) for their trading platforms and tools, both brokers offer free virtual demo accounts along with proprietary platforms developed in-house. Moreover, each provides a Windows-based desktop download trading platform and a web-based platform accessible via browser, allowing for flexibility in how traders engage with the market. While Saxo and HYCM both support trading directly from stock charts, Saxo edges out with the ability to implement copy trading, which HYCM does not offer. HYCM, however, provides access to popular platforms MetaTrader 4 and MetaTrader 5, which are widely used among traders. In contrast, Saxo does not support these platforms but still stands strong with comprehensive offerings. Notably, Saxo provides 20 drawing tools for charting, compared to HYCM's 15 tools.
In terms of customization and personalization, Saxo outperforms HYCM by offering 60 columns for watch lists, a significant advantage over HYCM's 7. Additionally, Saxo has earned the highest praise with a 5-star rating for its trading platforms and tools, and is recognized as the number one choice out of 62 brokers by ForexBrokers.com. Meanwhile, HYCM, with a 4-star rating, is ranked 40th. These distinctions illustrate Saxo's leading position in delivering a feature-rich and versatile trading experience compared to HYCM's solid yet less extensive offerings.
| Feature |
Saxo
|
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) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 64 | 30 |
| Charting - Drawing Tools (Total) | 20 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 60 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both Saxo and HYCM provide mobile apps for iPhone and Android users, delivering convenient trading experiences on the go. They both offer essential features like stock or forex price alerts and the ability to draw trendlines and view various time frames on charts. Importantly, their mobile apps save chart drawings automatically, which make your work and analysis accessible across your devices. However, Saxo takes the lead with additional offerings such as watchlist symbol syncing, which allows seamless adjustments between the mobile app and online accounts, something HYCM lacks. Saxo also impresses with 64 technical studies for in-depth chart analysis compared to HYCM's 30.
When it comes to ratings, Saxo shines as a frontrunner, earning five stars and ranking second out of 62 brokers in the Mobile Trading Apps category according to ForexBrokers.com. In comparison, HYCM holds a four-star rating and is ranked 37th. Both brokers do allow you to create watchlists with real-time quotes, but Saxo's superior ranking and feature offerings make it a preferred choice for those seeking a comprehensive mobile trading experience.
| Feature |
Saxo
|
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 | 64 | 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.
Saxo and HYCM (Henyep Capital Markets) both offer daily market commentary and forex news from top-tier sources such as Bloomberg, Reuters, and Dow Jones, making them valuable platforms for traders seeking timely information. Saxo provides a more comprehensive suite of research tools, including those from Autochartist, and offers sentiment-based trading insights. In contrast, HYCM equips traders with tools from Trading Central, which is absent from Saxo’s offerings. Both brokers also feature economic calendars to keep users informed of global news events.
When it comes to research ratings, Saxo excels with a perfect 5-star rating and is ranked #1 among 62 brokers by ForexBrokers.com. HYCM, while still competitive, holds a 3.5-star rating and is ranked #35. Although neither broker offers research tools from TipRanks or Acuity Trading, Saxo's top-tier standings and broader range of analytical tools position it as a more favorable choice for those prioritizing in-depth market analysis.
| Feature |
Saxo
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | 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 those new to trading, Saxo offers a comprehensive range of tools compared to HYCM. Both Saxo and HYCM provide learners with more than ten pieces of educational content focused on forex or CFDs, including articles, videos, and archived webinars. However, Saxo stands out by hosting live webinars for clients every month, an option not available with HYCM. Both platforms maintain searchable archives of previous webinars, allowing customers to revisit past sessions at their convenience.
For beginners, both Saxo and HYCM offer a variety of introductory videos, with Saxo also providing more advanced videos focused on experienced traders. Saxo further supports novice investors with an extensive investor dictionary containing over 50 terms, matching HYCM's offering. Reflecting these strengths, Saxo receives a perfect 5-star rating for its educational offerings, ranking 13th out of 62 brokers, whereas HYCM scores 3.5 stars, placing 32nd. This suggests that while both brokers cater to beginners, Saxo's educational resources are more developed and encompassing.
| Feature |
Saxo
|
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) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 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 #29.
Saxo is an exclusive 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
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HYCM (Henyep Capital Markets)
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 86 |
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Both Saxo and HYCM (Henyep Capital Markets) do not offer the ability to buy actual (delivered) cryptocurrency; however, both platforms provide the option to trade cryptocurrency derivatives.
In comparing Saxo to HYCM, both online brokers provide Visa/Mastercard and bank wire options for deposits and withdrawals, however, only HYCM supports Skrill, while neither offers ACH, SEPA transfers, nor PayPal.
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 | Saxo | HYCM (Henyep Capital Markets) | |
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| Trust Score | 99 | 86 | |
| Winner | check_circle | ||
| Review | Saxo Review | HYCM (Henyep Capital Markets) Review |
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| Regulation | Saxo | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trust Score | 99 | 86 | |
| Year Founded | 1992 | 1977 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Saxo | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | Yes | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | 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) | Saxo | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Saxo | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 70000 | 1199 | |
| Forex Pairs (Total) | 190 | 70 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | 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 | Saxo | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.1 | 1.2 | |
| All-in Cost EUR/USD - Active | 0.9 | 0.6 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Saxo | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | $0 | $20 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | Saxo | 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) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Saxo | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 60 | 7 | |
| Charting - Indicators / Studies (Total) | 64 | 30 | |
| Charting - Drawing Tools (Total) | 20 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Saxo | 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 | 64 | 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 | Saxo | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Saxo | 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) | Yes | Yes |
| Major Forex Pairs | Saxo | 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 | Saxo Review | HYCM (Henyep Capital Markets) Review |
| Overall | Saxo | HYCM (Henyep Capital Markets) | |
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| Trust Score | 99 | 86 | |
| Winner | check_circle | ||
| Review | Saxo Review | HYCM (Henyep Capital Markets) Review |
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