Written by ForexBrokers.com
In this head to head comparison of HYCM (Henyep Capital Markets) vs Spreadex, 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.
When comparing online brokers, HYCM (Henyep Capital Markets) and Spreadex offer distinct regulatory standings. Established in 1977, HYCM boasts a Trust Score of 86 according to ForexBrokers.com, indicating it is a trusted option in the market. It holds two Tier-1 licenses, which are highly regarded, along with one Tier-2 license, affording it a solid regulatory foundation. Despite not being publicly traded or a banking institution, HYCM's long-standing presence and regulatory coverage make it a reliable choice for online trading.
On the other hand, Spreadex, founded in 1999, carries a Trust Score of 71, placing it as an average-risk option according to ForexBrokers.com. It holds one Tier-1 license without any Tier-2 licenses, suggesting a more moderate level of regulatory trust. Like HYCM, Spreadex is neither publicly traded nor a bank. While both brokers are established and have their own regulatory merits, HYCM holds a stronger regulatory position, offering traders a more trusted environment based on its licensing and higher Trust Score.
| Feature |
HYCM (Henyep Capital Markets)
|
Spreadex
|
|---|---|---|
| Year Founded | 1977 | 1999 |
| 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 | 0 |
When evaluating brokers for online trading, considering commissions and fees is crucial. HYCM (Henyep Capital Markets) and Spreadex both offer distinct pricing models catering to different trading needs. HYCM provides three main types of accounts: the Raw account with an all-in cost of approximately 0.6 pips for the EUR/USD, making it an attractive choice for cost-conscious traders. Meanwhile, its Classic account features a variable spread starting from 1.2 pips, and a fixed-spread account with a spread of 1.5 pips for traders seeking more predictable costs.
Spreadex, on the other hand, showed an average spread for EUR/USD at 0.81 pips during January 2024, with a minimum spread of 0.6 pips available for 60% of the month. This offers traders a balance between competitive pricing and spread variability. Despite having slightly higher average spreads than HYCM's Raw account, Spreadex remains a competitive option for those prioritizing low-cost trading.
In terms of ratings and rankings, HYCM receives a commendable 4.5-star rating for its commissions and fees, ranking 15th out of 62 brokers on ForexBrokers.com. Spreadex, while slightly lower-rated at 4 stars, still maintains a respectable position, ranking 30th in the same category. Both brokers offer appealing features, with HYCM standing out for its lower spreads on selected accounts and higher overall ranking in the commissions and fees category.
| Feature |
HYCM (Henyep Capital Markets)
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $20 | $0 |
| Average Spread EUR/USD - Standard | 1.2 | 0.81 |
| All-in Cost EUR/USD - Active | 0.6 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
HYCM (Henyep Capital Markets) and Spreadex both provide investors with the opportunity to trade forex through CFDs or spot contracts. With HYCM, traders have access to 1,199 tradeable symbols, including 70 forex pairs and the option to invest in exchange-traded securities on both U.S. and international exchanges. In contrast, Spreadex offers a wider selection with 10,000 tradeable symbols, but fewer forex pairs at 52. Notably, Spreadex does not provide direct access to U.S. or international exchange-traded securities, focusing instead on CFD offerings.
Neither HYCM nor Spreadex supports copy trading or the purchase of actual cryptocurrencies, limiting their offerings to crypto derivatives. When evaluating the range of investments, HYCM holds a 4-star rating, ranking 33rd among 62 brokers on ForexBrokers.com. Spreadex fares better, achieving a 5-star rating and comes in at 13th place. This makes Spreadex a strong contender for traders seeking a broad array of tradeable symbols, despite its lack of direct securities options.
| Feature |
HYCM (Henyep Capital Markets)
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 10000 |
| Forex Pairs (Total) | 70 | 52 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| 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). | 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 it comes to trading platforms and tools, HYCM and Spreadex each offer different strengths for traders of all experience levels. HYCM supports simulated trading through a virtual demo account, allowing users to practice before diving into the real market. Both brokers provide proprietary platforms developed in-house. However, HYCM extends its offerings with a downloadable Windows-based desktop platform, whereas Spreadex focuses exclusively on a web-based platform. MetaTrader fans will find HYCM appealing as it offers both MT4 and MT5, unlike Spreadex, which does not support these popular platforms. Both platforms enable trading directly from stock charts, though HYCM offers more drawing tools with 15 compared to Spreadex’s 11. Additionally, HYCM provides seven fields for watch lists, slightly lagging behind Spreadex's eight.
Despite these differences, both brokers are rated four out of five stars for their trading platforms and tools. They are closely ranked by ForexBrokers.com, with HYCM at number 40 and Spreadex at number 46 out of 62 brokers. Traders who prioritize platform familiarity may favor HYCM’s integration with MetaTrader, while those who prefer a purely web-based experience might lean towards Spreadex. Overall, both brokers have features that cater well to varied trading styles and needs, making them competitive options in the trading community.
| Feature |
HYCM (Henyep Capital Markets)
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 55 |
| Charting - Drawing Tools (Total) | 15 | 11 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 8 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of HYCM (Henyep Capital Markets) and Spreadex, there are several similarities and differences worth noting. Both brokers offer apps for iPhone and Android devices, along with features like stock or forex price alerts and the ability to create watchlists with real-time quotes. Moreover, each app allows users to draw trendlines and switch between different time frames on charts. However, when it comes to technical charting tools, HYCM offers a more comprehensive experience with 30 technical studies available, while Spreadex does not disclose this feature. Additionally, HYCM's app has the added advantage of auto-saving chart drawings, a feature that Spreadex lacks.
In terms of rankings and user ratings, both brokers' mobile apps are rated four stars out of five. However, HYCM holds a slightly higher position in ForexBrokers.com's Mobile Trading Apps category, coming in at 37th out of 62 brokers, compared to Spreadex's 49th rank. While neither platform offers watchlist syncing between mobile and online accounts, both provide a solid range of resources for traders seeking mobile access to financial markets.
| Feature |
HYCM (Henyep Capital Markets)
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
HYCM (Henyep Capital Markets) and Spreadex both offer comprehensive market research features, making informed trading easy for their users. Both platforms provide daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters. However, when it comes to advanced technical analysis tools, HYCM stands out by offering resources from Trading Central. In contrast, Spreadex differentiates itself with a sentiment-based trading tool that helps traders gauge market mood by showing long and short positions in currency pairs.
Both brokers keep traders updated with global news events through their economic calendars. However, Spreadex receives a slightly higher rating for research with 4 stars compared to HYCM’s 3.5 stars. According to ForexBrokers.com, Spreadex ranks 31st among 62 brokers in the research category, while HYCM comes in at 35th. This suggests that traders seeking detailed market insights may find Spreadex's offerings more appealing overall.
| Feature |
HYCM (Henyep Capital Markets)
|
Spreadex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | Yes |
| 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 beginners, both HYCM (Henyep Capital Markets) and Spreadex offer a wealth of options. Each provides more than 10 educational materials focusing on forex or CFDs, including articles, videos, and archived webinars. For beginners eager to learn trading fundamentals, both platforms feature at least 10 dedicated educational videos. HYCM and Spreadex also include an investor dictionary with over 50 defined investing terms, which can be a valuable tool for those new to the market. However, neither broker offers monthly online educational webinars, which might be a downside for individuals who prefer live learning experiences.
A key difference lies in their archives of past webinars: HYCM offers a searchable collection, while Spreadex does not. Despite HYCM having a slightly lower education rating of 3.5 stars compared to Spreadex's 4 stars, HYCM is ranked higher in education by ForexBrokers.com, placing 32nd out of 62 brokers, while Spreadex ranks 45th. This makes HYCM a potentially better pick for those who value access to past educational content. Nevertheless, both brokers present solid educational opportunities for those taking their first steps into forex and CFD trading.
| Feature |
HYCM (Henyep Capital Markets)
|
Spreadex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | 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 HYCM (Henyep Capital Markets) is better than Spreadex. HYCM (Henyep Capital Markets) finished with an overall rank of #29, while Spreadex finished with an overall rank of #39.
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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Spreadex
|
|---|---|---|
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| Trust Score | 86 | 71 |
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HYCM (Henyep Capital Markets) and Spreadex both provide options for purchasing cryptocurrency derivatives but do not offer the ability to buy actual delivered cryptocurrencies.
When comparing online brokers HYCM (Henyep Capital Markets) and Spreadex, neither offers ACH or SEPA transfers or PayPal as options for depositing or withdrawing funds; however, both provide Visa or Mastercard and bank wire options, with HYCM also accepting Skrill, which Spreadex does not.
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) | Spreadex | |
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| Trust Score | 86 | 71 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | Spreadex Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | Spreadex | |
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| Regulation | HYCM (Henyep Capital Markets) | Spreadex | |
|---|---|---|---|
| Trust Score | 86 | 71 | |
| Year Founded | 1977 | 1999 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | HYCM (Henyep Capital Markets) | Spreadex | |
|---|---|---|---|
| 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 | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | HYCM (Henyep Capital Markets) | Spreadex | |
|---|---|---|---|
| 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) | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1199 | 10000 | |
| Forex Pairs (Total) | 70 | 52 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| 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). | 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) | Spreadex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | 0.81 | |
| All-in Cost EUR/USD - Active | 0.6 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | HYCM (Henyep Capital Markets) | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $20 | $0 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | HYCM (Henyep Capital Markets) | Spreadex | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | HYCM (Henyep Capital Markets) | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 8 | |
| Charting - Indicators / Studies (Total) | 30 | 55 | |
| Charting - Drawing Tools (Total) | 15 | 11 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | HYCM (Henyep Capital Markets) | Spreadex | |
|---|---|---|---|
| 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 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | HYCM (Henyep Capital Markets) | Spreadex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | Spreadex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | Spreadex | |
|---|---|---|---|
| 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 | Spreadex Review |
| Overall | HYCM (Henyep Capital Markets) | Spreadex | |
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| Trust Score | 86 | 71 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | Spreadex Review |
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