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HYCM (Henyep Capital Markets) vs Spreadex 2026

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025
  Fact Checked

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.

HYCM (Henyep Capital Markets)
4/5 Stars Overall
  • Minimum Deposit: $20
  • Trust Score: 85
  • Tradeable Symbols (Total): 1199
Spreadex
4/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 70
  • Tradeable Symbols (Total): 10000

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 Spreadex, founded in 1999, are both online brokers that are private companies and not banks. On ForexBrokers.com’s 99-point Trust Score, HYCM scores 85, which falls in the “trusted” 80–89 range, while Spreadex scores 70, placing it in the “average risk” 70–79 range.

For regulation, HYCM holds two Tier-1 licenses (considered highly trusted by ForexBrokers.com) and one Tier-2 license (trusted). Spreadex holds one Tier-1 license and no Tier-2 licenses. Neither firm is publicly traded, but HYCM’s higher Trust Score and greater number of top-tier licenses may appeal to traders who want stronger oversight.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Spreadex logoSpreadex
Year Founded info 1977 1999
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

When comparing commissions and fees, HYCM (Henyep Capital Markets) comes out ahead of Spreadex on overall value. HYCM’s Raw account is the most cost-friendly option, with an all-in EUR/USD cost of about 0.6 pips after commission, while its Classic account starts from a wider 1.2 pips and its fixed-spread account is 1.5 pips. ForexBrokers.com rates HYCM 4.5 out of 5 stars for commissions and fees and ranks it #18 out of 36 brokers in this category.

Spreadex is also competitive, but its pricing is slightly higher on average. In January 2024, the broker’s average EUR/USD spread was 0.81 pips, while the minimum spread of 0.6 pips was available 60% of the time during the month. ForexBrokers.com gives Spreadex 4 out of 5 stars for commissions and fees and places it #25 out of 36 brokers.

In simple terms, both brokers offer reasonable pricing, but HYCM has the edge for traders focused on lower overall costs, especially on its Raw account. Spreadex may still appeal to traders looking for straightforward spread-based pricing, but its average costs are a bit less attractive than HYCM’s best-priced option.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Spreadex logoSpreadex
Minimum Deposit info $20 $0
Average spread (EUR/USD) - Standard account info 1.3 info 0.81 info
All-in Cost EUR/USD - Active info 0.6 info N/A info
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) and Spreadex both let you trade forex as a CFD or spot contract, and both offer cryptocurrency CFDs, but neither supports copy trading or the purchase of actual, delivered crypto. Where HYCM stands out is in share dealing: it offers exchange traded securities on both U.S. and international exchanges, so clients can buy real stocks such as Apple or Vodafone. Spreadex does not offer exchange traded securities, so its focus is more on derivatives and trading products rather than direct share ownership.

When it comes to choice, Spreadex offers a much larger overall range of investments, with 10,000 tradeable symbols compared with HYCM’s 1,199. HYCM, however, has more forex pairs available, listing 70 versus Spreadex’s 52. These differences are reflected in their ratings and rankings for range of investments, with Spreadex earning 5 out of 5 stars and ranking 13th out of 36 brokers, while HYCM scores 4 out of 5 stars and ranks 27th.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Spreadex logoSpreadex
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1199 10000
Forex Pairs (Total) info 70 52
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 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

HYCM (Henyep Capital Markets) and Spreadex both give traders a free demo account, a web-based platform, and the option to trade directly from charts, making each broker easy to test and use online. Both also offer their own proprietary platform, and each is rated 4 out of 5 stars for Trading Platforms and Tools. In ForexBrokers.com’s ranking for this category, HYCM places slightly higher at #32 out of 36 brokers, while Spreadex sits at #34.

Where HYCM stands out is in platform choice and desktop access: it offers a Windows desktop download plus support for both MetaTrader 4 and MetaTrader 5, which may appeal to traders who want familiar tools and more ways to trade. Spreadex does not offer a Windows desktop platform or MetaTrader, and neither broker supports copy trading. For traders comparing platform flexibility, HYCM has the edge, while Spreadex offers a simpler setup centered on web and in-house trading tools.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Spreadex logoSpreadex
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes No
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 58
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 Spreadex both make mobile trading easy for iPhone and Android users, and both offer stock or forex price alerts. Each app also lets you draw trendlines on charts, but neither broker supports watchlist symbol syncing, so watchlists do not carry over between the mobile app and the online account. For overall mobile trading app ratings, both brokers score 4 out of 5 stars.

When it comes to charting tools, HYCM has an edge with 30 technical studies in its mobile app, while Spreadex does not list a technical studies count. HYCM also auto-saves chart drawings, which can be helpful if you switch between sessions, while Spreadex does not. In ForexBrokers.com’s Mobile Trading Apps rankings, HYCM places #30 out of 36 brokers, ahead of Spreadex at #33.

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

Dive deeper: Best Forex Trading Apps.

Market research

HYCM (Henyep Capital Markets) and Spreadex both give traders a solid starting point for market research, with daily market commentary, news from major sources such as Bloomberg, Reuters, and Dow Jones, plus an economic calendar to track key global events. Both brokers are rated for research, but Spreadex has a slight edge overall, earning 4 out of 5 stars and ranking #27 out of 36 brokers, while HYCM scores 3.5 out of 5 stars and ranks #29.

The main difference is in the extra tools they offer. HYCM stands out for Trading Central research tools, while Spreadex includes Autochartist and a sentiment tool that shows how many traders are long or short on different instruments. Neither broker offers TipRanks or Acuity Trading tools, so if you want more built-in analysis features, Spreadex has the broader mix, while HYCM still covers the basics well.

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

Dive deeper: Best Brokers for Forex Research.

Beginners and education

For beginners looking for trading education, both HYCM (Henyep Capital Markets) and Spreadex provide at least 10 beginner-friendly videos that cover key trading topics, so each broker gives new traders a place to start learning. Neither broker offers monthly educational webinars, and neither one appears to offer a full set of 10 or more forex- or CFD-focused educational pieces such as articles, videos, or archived webinars centered mainly on those markets. They also do not offer at least 10 advanced educational videos for more experienced traders.

When it comes to overall education quality, HYCM is rated 3.5 out of 5 stars and ranks #27 out of 36 brokers in the Education category at ForexBrokers.com. Spreadex scores slightly higher at 4 out of 5 stars, but ranks lower at #33 out of 36. In simple terms, both brokers can help beginners get started, but neither stands out for deeper educational support.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Spreadex logoSpreadex
Webinars info No No
Videos - Beginner Trading Videos info Yes Yes
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 Spreadex. HYCM (Henyep Capital Markets) finished with an overall rank of #26, while Spreadex finished with an overall rank of #32.

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)
Spreadex logoSpreadex
Overall Rating info 4/5 Stars 4/5 Stars
Trust Score info 85 70
Range of Investments 4/5 Stars 5/5 Stars
Trading Fees 4.5/5 Stars 4/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars

FAQs

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

In an HYCM (Henyep Capital Markets) vs Spreadex comparison, neither broker lets you buy actual delivered cryptocurrencies, but both allow clients to buy/trade cryptocurrency CFDs.

What funding options does each broker offer?

Comparing HYCM (Henyep Capital Markets) vs Spreadex for deposits and withdrawals: both do not support ACH/SEPA or PayPal and both accept bank wire transfers, HYCM supports Skrill while Spreadex does not, and Visa/Mastercard availability is not specified for either broker.

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Overall Rating HYCM (Henyep Capital Markets) Spreadex
Overall Rating info 4/5 Stars 4/5 Stars
Trading Fees 4.5/5 Stars 4/5 Stars
Range of Investments 4/5 Stars 5/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 85 70
Winner check_circle
Review HYCM (Henyep Capital Markets) Review Spreadex Review
Broker Screenshots HYCM (Henyep Capital Markets) Spreadex
Broker Gallery (click to expand) info
HYCM MT5 desktop trading platform HYCM client portal Analyst Views market analysis HYCM YouTube channel videos.
Spreadex web platform. Spreadex research news headlines market analysis. Spreadex educational article risk management.
Regulation HYCM (Henyep Capital Markets) Spreadex
Trust Score info 85 70
Year Founded info 1977 1999
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info No info No info
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) Spreadex
Australia (ASIC Authorised) info No No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info Yes No
Japan (FSA Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info
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 No info No info
Tier-2 Licenses (Trusted) HYCM (Henyep Capital Markets) Spreadex
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 No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments HYCM (Henyep Capital Markets) Spreadex
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1199 10000
Forex Pairs (Total) info 70 52
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 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 account info 1.3 info 0.81 info
All-in Cost EUR/USD - Active info 0.6 info N/A info
Inactivity Fee info No No
Order execution: Agency info Yes No
Order execution: Market Maker info Yes Yes
Funding HYCM (Henyep Capital Markets) Spreadex
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) Spreadex
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes No
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) Spreadex
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 30 58
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading HYCM (Henyep Capital Markets) Spreadex
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 No
Mobile Charting - Indicators / Studies info 30 N/A
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes No
Mobile Research - Economic Calendar info Yes Yes
Research HYCM (Henyep Capital Markets) Spreadex
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No Yes
Trading Central info Yes No
TipRanks info No No
Client sentiment data info No Yes
Economic Calendar info Yes Yes
Education HYCM (Henyep Capital Markets) Spreadex
Webinars info No No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info No No
Major Forex Pairs HYCM (Henyep Capital Markets) Spreadex
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 Spreadex Review
Overall HYCM (Henyep Capital Markets) Spreadex
Overall Rating info 4/5 Stars 4/5 Stars
Trading Fees 4.5/5 Stars 4/5 Stars
Range of Investments 4/5 Stars 5/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 85 70
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Review HYCM (Henyep Capital Markets) Review Spreadex Review
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