Written by ForexBrokers.com
In this head to head comparison of HYCM (Henyep Capital Markets) vs TeleTrade, 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 the online brokers HYCM and TeleTrade, both have rich histories, with HYCM established in 1977 and TeleTrade in 1994. Neither company is publicly traded nor operates as a bank, but they differ in terms of their regulatory credentials. HYCM holds two Tier-1 licenses, indicating a strong level of trust, and one Tier-2 license, supporting its position as a trusted broker with a ForexBrokers.com Trust Score of 86. On the other hand, TeleTrade holds one Tier-1 license without any Tier-2 licenses, earning it a Trust Score of 71, reflecting a higher level of risk compared to HYCM.
For investors prioritizing regulatory oversight, HYCM's additional licenses and higher trust rating may be appealing. Meanwhile, TeleTrade might still suit those who are comfortable with its level of regulatory standing and risk. It is crucial for investors to consider these factors alongside their unique trading needs and preferences.
| Feature |
HYCM (Henyep Capital Markets)
|
TeleTrade
|
|---|---|---|
| Year Founded | 1977 | 1994 |
| 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 comparing the commissions and fees of HYCM and TeleTrade, HYCM stands out as a more cost-effective choice. HYCM's Raw account impresses with competitive pricing, offering an all-in cost of about 0.6 pips for the EUR/USD, including commission. For those who prefer a more traditional pricing model, HYCM offers a Classic account with a variable spread starting from 1.2 pips, and a fixed-spread account at 1.5 pips.
On the other hand, TeleTrade lacks available average spread data, making direct comparisons challenging. Despite this, it's important to note that both brokers provide distinct pricing models that cater to different trading preferences and strategies.
In terms of ratings and rankings, HYCM excels with a 4.5-star rating for commissions and fees, placing it 15th among 62 brokers according to ForexBrokers.com. In contrast, TeleTrade earns a 4-star rating and sits in the 46th position. When evaluating brokers based on costs, HYCM appears to offer more competitive pricing, benefiting traders looking for efficient and transparent fee structures.
| Feature |
HYCM (Henyep Capital Markets)
|
TeleTrade
|
|---|---|---|
| Minimum Deposit | $20 | $100 |
| Average Spread EUR/USD - Standard | 1.2 | N/A |
| All-in Cost EUR/USD - Active | 0.6 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | 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.
When comparing the investment options offered by online brokers HYCM and TeleTrade, both provide forex trading as CFDs or spot contracts, catering to currency traders. HYCM stands out with an impressive 1,199 tradeable symbols, including 70 forex pairs, providing ample opportunities for traders seeking diversification. In contrast, TeleTrade offers 500 tradeable symbols and 61 forex pairs. A notable feature of HYCM is its access to exchange-traded securities on both U.S. and international exchanges, allowing clients to invest in companies like Apple and Vodafone directly. TeleTrade does not provide this option, which might limit investors interested in trading actual stocks outside of CFDs.
Despite both brokers facilitating cryptocurrency trading through derivatives rather than actual cryptocurrencies, TeleTrade has a unique edge with its copy trading feature, allowing users to replicate successful strategies. This feature might appeal to beginners looking to learn from seasoned traders. On the whole, according to ForexBrokers.com rankings for the range of investments, HYCM is rated higher with 4 stars, coming in at 33rd place out of 62 brokers, while TeleTrade follows with a rating of 3.5 stars and a 45th-place ranking. This suggests that HYCM offers a slightly more comprehensive range of investment possibilities to traders.
| Feature |
HYCM (Henyep Capital Markets)
|
TeleTrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 500 |
| Forex Pairs (Total) | 70 | 61 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| 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 HYCM (Henyep Capital Markets) and TeleTrade, both brokers offer a range of trading platforms and tools designed to accommodate various levels of trading expertise. HYCM distinguishes itself with a proprietary platform alongside the widely recognized MetaTrader 4 and MetaTrader 5, offering traders a personal touch to their trading experience. In contrast, TeleTrade does not develop its own proprietary platform but supports both MetaTrader 4 and MetaTrader 5, which are highly popular among traders globally. Both brokers provide web-based and Windows-based desktop platforms, and each offers a free demo account to practice in a risk-free environment. However, TeleTrade edges out in copy trading features by offering ZuluTrade and providing a copy trading option, which HYCM does not. Both platforms also allow trading directly from stock charts and support up to 15 drawing tools for informed decision-making.
Despite their specific offerings, both HYCM and TeleTrade receive a commendable rating of four stars out of five for their trading platforms and tools, indicating a strong overall performance in the category. HYCM is slightly better positioned in the industry rankings, standing at 40th out of 62 brokers according to ForexBrokers.com, a notch above TeleTrade, which ranks at 51st. This difference may reflect the slight variations in their service offerings, like the presence of a proprietary platform and different approaches to copy trading. Both brokers offer traders seven customizable fields for watch lists, allowing them to tailor their trading interface to personal preferences. In sum, while both brokers offer solid tools and platforms, prospective traders might prefer either HYCM's unique platform experience or TeleTrade's copy trading features.
| Feature |
HYCM (Henyep Capital Markets)
|
TeleTrade
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 30 | 35 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
HYCM and TeleTrade both offer accessible trading experiences through their mobile apps, available on iPhone and Android devices. Traders can stay updated with real-time price alerts and manage their watchlists, although neither app supports syncing watchlists across devices. Charting features are robust, with HYCM providing 30 technical studies compared to TeleTrade's 35, along with the ability to draw trendlines and view multiple time frames. Notably, both platforms automatically save chart drawings, enhancing the user experience for active traders. The apps also support creating watchlists with
| Feature |
HYCM (Henyep Capital Markets)
|
TeleTrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 35 |
| 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.
HYCM (Henyep Capital Markets) and TeleTrade both offer daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters. While neither provides tools from Autochartist, HYCM stands out with its offering from Trading Central for technical analysis, which TeleTrade does not provide. Both brokers lack sentiment-based trading tools showing long or short positions, as well as market research from TipRanks and Acuity Trading services.
Additionally, both HYCM and TeleTrade provide economic calendars to keep traders informed on global news events. In terms of research quality, both are equally rated 3.5 out of 5 stars. However, HYCM is slightly ahead, being ranked 35th by ForexBrokers.com compared to TeleTrade’s 38th position, among 62 reviewed brokers. This indicates a minor edge for HYCM in terms of research services according to this particular assessment.
| Feature |
HYCM (Henyep Capital Markets)
|
TeleTrade
|
|---|---|---|
| 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 | 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, HYCM (Henyep Capital Markets) offers a wide range of materials compared to TeleTrade. For those new to forex or CFDs trading, HYCM provides more than ten educational pieces such as articles, videos, and archived webinars. This makes it a handy starting point for beginners looking to understand the basics. Additionally, HYCM hosts a searchable archive of recorded client webinars, allowing newcomers to revisit past sessions at their convenience. You will also find at least ten beginner-focused educational videos, perfect for those starting their trading journey. An investor dictionary with over fifty investing terms further enriches HYCM's educational suite, helping learners grasp key concepts easily.
On the other hand, TeleTrade falls short in several areas. They do not meet the benchmark of providing a minimum of ten educational resources focused on forex or CFDs, nor do they offer a searchable archive of past webinars. The lack of beginner-specific videos and an investor dictionary also limits the learning opportunities available through TeleTrade. Despite both brokers receiving an education rating of 3.5 stars, HYCM ranks significantly higher than TeleTrade in the education category according to ForexBrokers.com, placing at number 32 out of 62 brokers, compared to TeleTrade's ranking at number 61.
| Feature |
HYCM (Henyep Capital Markets)
|
TeleTrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | No |
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 TeleTrade. HYCM (Henyep Capital Markets) finished with an overall rank of #29, while TeleTrade finished with an overall rank of #50.
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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TeleTrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 71 |
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Both HYCM (Henyep Capital Markets) and TeleTrade do not offer the ability to buy actual, delivered cryptocurrency, but they do provide options for trading cryptocurrency derivatives.
Both HYCM (Henyep Capital Markets) and TeleTrade provide multiple options for depositing and withdrawing account funds, including Skrill, Visa or Mastercard, and bank wires, but neither broker supports ACH, SEPA transfers, or 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 | HYCM (Henyep Capital Markets) | TeleTrade | |
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| Trust Score | 86 | 71 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | TeleTrade | |
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| Regulation | HYCM (Henyep Capital Markets) | TeleTrade | |
|---|---|---|---|
| Trust Score | 86 | 71 | |
| Year Founded | 1977 | 1994 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| 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) | TeleTrade | |
|---|---|---|---|
| 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 | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | HYCM (Henyep Capital Markets) | TeleTrade | |
|---|---|---|---|
| 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) | TeleTrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1199 | 500 | |
| Forex Pairs (Total) | 70 | 61 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| 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) | TeleTrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | 0.6 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | HYCM (Henyep Capital Markets) | TeleTrade | |
|---|---|---|---|
| Minimum Deposit | $20 | $100 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | HYCM (Henyep Capital Markets) | TeleTrade | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | HYCM (Henyep Capital Markets) | TeleTrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 35 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | HYCM (Henyep Capital Markets) | TeleTrade | |
|---|---|---|---|
| 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 | 35 | |
| 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 | HYCM (Henyep Capital Markets) | TeleTrade | |
|---|---|---|---|
| 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 | No | |
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | TeleTrade | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | TeleTrade | |
|---|---|---|---|
| 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 |
| Overall | HYCM (Henyep Capital Markets) | TeleTrade | |
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| Trust Score | 86 | 71 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review |
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