Written by ForexBrokers.com
In this head to head comparison of Swissquote 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.
Swissquote and HYCM (Henyep Capital Markets) are both established names in the online brokerage world, having been founded in 1996 and 1977 respectively. A key distinction lies in their public status and banking operations; Swissquote not only operates as a bank but is also listed on a stock exchange, which may enhance transparency for investors. In contrast, HYCM is not publicly traded and does not hold a banking license, possibly affecting investor access to insights into its financials and operations.
When it comes to regulatory credentials, Swissquote holds an impressive number of five Tier-1 licenses, reflecting a high level of trust. This robust oversight contributes to its exceptional Trust Score of 99 out of 99 on ForexBrokers.com. HYCM, on the other hand, holds two Tier-1 licenses and maintains a respectable Trust Score of 86, indicating a solid level of trust. Both brokers also hold one Tier-2 license each, signaling a commitment to trusted practices in the financial services industry.
| Feature |
Swissquote
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 1996 | 1977 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 5 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
When comparing Swissquote and HYCM in terms of commissions and fees, it's clear that each has its unique advantages. Swissquote, a Swiss banking giant, offers a sense of security and prestige but comes with higher trading costs. The broker provides different pricing structures across its various entities, with the U.K. entity offering slightly more favorable costs alongside a lighter deposit requirement. Clients can choose from accounts ranging from the Standard to the Elite, with varying minimum deposits and spreads starting from 1.3 pips for the Standard account in the U.K. and 1.7 pips in Switzerland. In terms of performance, Swissquote receives a 3.5-star rating for commissions and fees and ranks #52 among 62 brokers according to ForexBrokers.com.
On the other hand, HYCM is known for its competitive pricing strategies. The Raw account is particularly attractive for traders, offering an all-in cost of approximately 0.6 pips for the EUR/USD after commissions. This account is contrasted by the Classic account, which features a variable spread starting at 1.2 pips, and a fixed-spread account with a spread of 1.5 pips. HYCM garners a 4.5-star rating for its commissions and fees and holds the #15 spot out of 62 brokers according to ForexBrokers.com, highlighting its cost-effective approach.
In summary, while Swissquote provides a renowned brand with diverse account options, it does come with higher associated costs, making it less appealing for those seeking low-cost trading. HYCM, on the other hand, stands out with its more cost-effective offerings, particularly for those using its Raw account, and maintains a strong reputation for affordable trading conditions.
| Feature |
Swissquote
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $1000 | $20 |
| Average Spread EUR/USD - Standard | N/A | 1.2 |
| All-in Cost EUR/USD - Active | N/A | 0.6 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Swissquote and HYCM (Henyep Capital Markets) are popular online trading platforms, each offering diverse investment opportunities. Swissquote provides a substantial range of tradeable symbols, numbering 472, alongside 80 forex pairs. HYCM, however, offers a larger amount of tradable symbols at 1199 but has slightly fewer forex pairs with 70. Both brokers allow investors to trade forex as CFDs or spot contracts and give access to exchange-traded securities on U.S. and international exchanges. This means you can invest in companies like Apple or Vodafone on both platforms without dealing with CFDs.
When it comes to additional features, Swissquote excels by offering copy trading, which HYCM does not provide, and it stands out by allowing clients to buy actual cryptocurrencies besides derivatives. In comparison, HYCM only offers cryptocurrency derivatives. These varied options have earned Swissquote a 5-star rating for Range of Investments, placing it second out of 62 brokers according to ForexBrokers.com. Meanwhile, HYCM has earned a still respectable 4-star rating, ranking 33rd in the same category. Overall, both brokers offer considerable investment selections, although Swissquote provides a few more choices for the discerning trader.
| Feature |
Swissquote
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 1199 |
| Forex Pairs (Total) | 80 | 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) | Yes | 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.
Swissquote and HYCM both cater to traders seeking versatile platforms and advanced tools. Each broker provides a proprietary, in-house developed trading platform and supports popular choices like MetaTrader 4 and MetaTrader 5. Users can access their services through Windows-based desktop downloads or user-friendly web-based platforms. Furthermore, Swissquote and HYCM each offer free demo accounts, making them suitable for beginners and experienced traders alike who wish to practice their strategies in a risk-free environment.
Notably, Swissquote enables copy trading, setting it apart in this area as HYCM does not offer this feature. For those who cherish comprehensive charting tools, Swissquote provides 75 drawing tools compared to HYCM's 15, offering a richer charting experience. Swissquote allows for dynamic control with 11 columns available in watch lists against HYCM's 7, providing traders with customizable insight into market movements. Rated at 4.5 stars, Swissquote stands ahead in the Trading Platforms and Tools category, ranked 11th among 62 brokers, while HYCM, with a respectable 4-star rating, sits at 40th. Overall, Swissquote appears to offer slightly more advanced tools and customization options for traders who are keen on detailed market analysis.
| Feature |
Swissquote
|
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) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 86 | 30 |
| Charting - Drawing Tools (Total) | 75 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 11 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Swissquote and HYCM offer competitive mobile trading platforms, both providing apps for iPhone and Android users. They feature essential functions such as price alerts for stocks and forex, as well as the ability to draw trendlines and view multiple time frames on charts. Both apps include capabilities for creating watchlists with real-time quotes, offering users the tools needed to stay on top of their trading strategies. However, in terms of user experience, Swissquote's app may have an edge, given its higher rating of 4.5 stars compared to HYCM's 4 stars.
Charting enthusiasts will appreciate the 30 technical studies available with each app, alongside functionalities like auto-saving chart drawings. Despite their comprehensive features, neither Swissquote nor HYCM supports watchlist symbol syncing between mobile and online accounts, which may be a consideration for traders who frequently switch devices. Ranking by ForexBrokers.com highlights Swissquote as a leading choice, placing it as the 10th best out of 62 brokers, while HYCM is ranked at 37. This distinction and the user ratings suggest that Swissquote may offer a slightly more polished mobile trading experience.
| Feature |
Swissquote
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| 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.
When it comes to market research, both Swissquote and HYCM provide traders with valuable daily market commentary, keeping them informed on current events and trends. Forex news from reputable sources like Bloomberg, Reuters, and Dow Jones is available at both platforms, ensuring traders have access to the latest and most reliable information. For traders who rely heavily on technical analysis, Swissquote offers tools from Autochartist, while HYCM includes offerings from Trading Central, providing diverse options for analyzing market movements. Both brokers include an economic calendar to track significant global news and events.
Despite having similar offerings in several areas, Swissquote holds a higher research rating of four stars compared to HYCM's 3.5 stars. This distinction is reflected in their rankings on ForexBrokers.com, where Swissquote is ranked 16th out of 62 brokers for research capabilities, while HYCM occupies the 35th spot. These rankings and ratings showcase the comprehensive nature of Swissquote’s research tools and resources, providing a slight edge to traders who prioritize research in their trading strategies. While both brokers have their strengths, Swissquote’s inclusion of Autochartist tools gives it a notable advantage for traders focusing on technical analysis.
| Feature |
Swissquote
|
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 | No | 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 beginners, Swissquote stands out as a comprehensive choice. It provides over ten educational pieces centered on forex and CFDs through articles, videos, and archived webinars. With frequent webinars available at least once a month and a searchable archive, Swissquote makes it easy for clients to find learning materials. Their collection includes more than ten beginner videos and advanced videos focused on trading topics, meeting the needs of both new and experienced traders. Additionally, Swissquote offers a dictionary with over fifty investing terms, helping newcomers understand the trading world better. Rated 4 out of 5 stars for education, it ranks 21st among 62 brokers by ForexBrokers.com.
HYCM (Henyep Capital Markets) also provides a solid platform for beginner education with over ten forex and CFDs educational materials, including articles, videos, and webinars. However, it does not offer regular monthly webinars, which could limit immediate learning opportunities. Like Swissquote, HYCM maintains a searchable archive of webinars and provides more than ten educational videos for beginners, although it lacks a collection equivalent in depth for advanced traders. An investor dictionary with over fifty terms is available to assist novices in building their trading vocabulary. HYCM is rated 3.5 stars for education and is ranked 32nd out of 62 brokers by ForexBrokers.com, showing room for growth in their educational offerings.
| Feature |
Swissquote
|
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 Swissquote is better than HYCM (Henyep Capital Markets). Swissquote finished with an overall rank of #11, while HYCM (Henyep Capital Markets) finished with an overall rank of #29.
Traders choose Swissquote for its quality research and vast multi-asset offering – as long as they are willing to pay a premium to have their brokerage account held with a Swiss bank.
| Feature |
Swissquote
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HYCM (Henyep Capital Markets)
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| Trust Score | 99 | 86 |
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When comparing online brokers Swissquote and HYCM, Swissquote provides the capability to purchase actual delivered cryptocurrency, in addition to cryptocurrency derivatives, whereas HYCM only offers the option to trade cryptocurrency derivatives.
When comparing Swissquote and HYCM (Henyep Capital Markets) in terms of deposit and withdrawal options, Swissquote offers greater flexibility with availability of ACH, SEPA, PayPal, Skrill, Visa, Mastercard, and bank wires, whereas HYCM lacks ACH, SEPA, and PayPal options but does provide Skrill, Visa, Mastercard, and bank wire services.
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 | Swissquote | HYCM (Henyep Capital Markets) | |
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| Trust Score | 99 | 86 | |
| Winner | check_circle | ||
| Review | Swissquote Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | Swissquote | HYCM (Henyep Capital Markets) | |
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| Regulation | Swissquote | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trust Score | 99 | 86 | |
| Year Founded | 1996 | 1977 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 5 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Swissquote | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | Yes | |
| Japan (SFC Authorised) | No | 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) | Swissquote | 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 | Swissquote | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 1199 | |
| Forex Pairs (Total) | 80 | 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) | Yes | 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 | Swissquote | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.2 | |
| All-in Cost EUR/USD - Active | N/A | 0.6 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Swissquote | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | $1000 | $20 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Swissquote | 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) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Swissquote | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 11 | 7 | |
| Charting - Indicators / Studies (Total) | 86 | 30 | |
| Charting - Drawing Tools (Total) | 75 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Swissquote | 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 | 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 | Swissquote | 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 | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | 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 | Swissquote | 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 | Swissquote Review | HYCM (Henyep Capital Markets) Review |
| Overall | Swissquote | HYCM (Henyep Capital Markets) | |
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| Trust Score | 99 | 86 | |
| Winner | check_circle | ||
| Review | Swissquote Review | HYCM (Henyep Capital Markets) Review |
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