Written by ForexBrokers.com
In this head to head comparison of Tickmill 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.
Tickmill and HYCM (Henyep Capital Markets) are both reputable online brokers with a solid standing in the industry. Founded in 2014, Tickmill has quickly established itself as a credible player, while HYCM has been in business since 1977, showcasing decades of experience. Neither Tickmill nor HYCM are publicly traded companies, nor do they operate as banks, making them focused specifically on brokerage services. Their credibility is highlighted by the fact that each holds two Tier-1 licenses, which are highly trusted, and while Tickmill has two Tier-2 licenses, HYCM has one, both demonstrating their commitment to adhering to trusted regulatory standards.
When it comes to the Trust Score by ForexBrokers.com, both brokers share an impressive score of 86 out of 99, placing them in the 'trusted' category between the range of 80 to 89. This indicates a strong level of trust among their clients. For those looking to choose between these two, it's evident that both brokers offer a dependable platform backed by strong regulation, making either a valid choice for traders prioritizing security alongside their trading needs.
| Feature |
Tickmill
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 2014 | 1977 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing commissions and fees, Tickmill shines with its Raw account, offering some of the most competitive options available. This account, replacing the former Pro account, features a commission structure of $3 per side or $6 per standard lot, making it an appealing choice for active traders. The all-in cost for a EUR/USD trade is around 0.71 pips, which combines Tickmill’s low spreads with the aforementioned commission. Tickmill also offers a Classic account that is entirely commission-free, although its spreads are notably higher, averaging 1.76 pips as of August 2023. With a favorable star rating of 5 out of 5, Tickmill is ranked #4 out of 62 brokers in its category by ForexBrokers.com, highlighting its excellence in pricing for traders.
HYCM, on the other hand, provides a Raw account with an all-in cost of about 0.6 pips for EUR/USD trades when factoring in the commission. The Classic account at HYCM comes with a variable spread starting from 1.2 pips, and a fixed-spread account is also available, with spreads set at 1.5 pips. Although HYCM’s fees are competitive, they are slightly higher compared to Tickmill's offerings. HYCM holds a commendable star rating of 4.5 out of 5 for commissions and fees, and it is placed #15 out of 62 brokers by ForexBrokers.com, showing it is a reliable option but not quite as cost-effective as Tickmill.
For traders seeking cost efficiency, Tickmill’s Raw account is a standout, offering low spreads and minimal commission costs with a small account entry requirement of just $100. While HYCM is well-regarded for its consistent pricing across various account types, Tickmill’s comprehensive package of low spreads and competitive fees sets a higher benchmark in the market, making it particularly attractive to those looking for efficiency in trading expenses.
| Feature |
Tickmill
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $100 | $20 |
| Average Spread EUR/USD - Standard | 0.51 | 1.2 |
| All-in Cost EUR/USD - Active | 0.31 | 0.6 |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | No | 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.
Tickmill and HYCM (Henyep Capital Markets) are both known for their forex trading offerings, available as CFDs or spot contracts. However, the range of tradable symbols and investment options varies between the two. Tickmill provides access to 725 tradable symbols, including 63 forex pairs. In contrast, HYCM offers a wider array with 1,199 symbols and 70 forex pairs. Notably, HYCM stands out with its capability to offer exchange-traded securities on both U.S. and international exchanges, allowing clients to purchase shares like Apple and Vodafone directly. This feature is absent in Tickmill's portfolio.
For those interested in cryptocurrency, both brokers offer opportunities to trade cryptocurrency derivatives, although they do not facilitate the purchase of actual cryptocurrencies. When it comes to innovative features like copy trading, Tickmill has an edge over HYCM, as the latter does not provide this option. Despite these differences, HYCM scores slightly higher with a 4-star rating for the range of investments compared to Tickmill's 3.5-star rating. This is reflected in ForexBrokers.com's rankings, where HYCM is positioned 33rd out of 62 brokers, while Tickmill is ranked 42nd.
| Feature |
Tickmill
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 725 | 1199 |
| Forex Pairs (Total) | 63 | 70 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | No | 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 Tickmill and HYCM (Henyep Capital Markets) on trading platforms and tools, both brokers present some compelling features. Tickmill offers a simulated trading experience with a free virtual demo account, along with MT4 and MT5 platforms compatible for Windows, web, and mobile users. While it lacks a proprietary platform, Tickmill supports copy trading, allowing users to benefit from strategies employed by experienced traders. Additionally, Tickmill provides 15 drawing tools for charting and the capability to trade directly from stock charts, enhancing the user’s control over their investing activities. The platform is relatively user-friendly with seven adjustable columns available for watch lists, making it easier to track multiple investments.
On the other hand, HYCM matches Tickmill by offering MT4 and MT5 platforms across Windows, web, and mobile devices, complemented by a proprietary trading platform developed in-house. Like Tickmill, HYCM also provides a free virtual demo account to help traders acclimate to their trading environment without financial exposure. However, it does not support copy trading, which could be a consideration for those looking to leverage the wisdom of seasoned traders. Similar to Tickmill, HYCM offers 15 drawing tools and supports direct trading from stock charts, while also featuring customizable watch lists with the same number of columns. Both brokers are rated 4 stars for their trading platforms and tools; however, Tickmill edges ahead slightly with its higher ranking among brokers at #32 compared to HYCM's #40.
| Feature |
Tickmill
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | 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) | 30 | 30 |
| 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.
When comparing the mobile trading apps of Tickmill and HYCM, both brokers offer users a similar array of features. For smartphone users, both Tickmill and HYCM provide apps compatible with iPhone and Android devices. Both platforms allow traders to set price alerts for stocks or forex, draw trendlines on charts, and view multiple time frames, such as daily, weekly, or intraday. With each app giving access to 30 technical studies, they cater to those keen on detailed chart analysis. However, neither Tickmill nor HYCM offers watchlist syncing, meaning changes made on the mobile app won't automatically sync with the online account's watchlists.
Despite these similarities, Tickmill ranks slightly higher than HYCM in ForexBrokers.com's Mobile Trading Apps category, at 32nd place out of 62 brokers, while HYCM holds the 37th spot. Both apps are favorably rated with four out of five stars, indicating a generally positive user experience. Real-time quotes in watchlists and the convenience of auto-saving drawings further enhance both platforms' trading functionality for users on the go.
| Feature |
Tickmill
|
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 comparing the market research offerings of Tickmill and HYCM, both brokers provide valuable insights but cater to different trading needs. Tickmill and HYCM each offer daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters, ensuring traders stay informed with timely updates. However, Tickmill stands out with its sentiment-based trading tool that reveals the ratio of long or short positions across currency pairs, a feature HYCM does not offer. Additionally, Tickmill provides research tools from Acuity Trading, while HYCM lacks this offering.
While neither Tickmill nor HYCM provide tools from Autochartist, HYCM takes the lead by offering technical analysis tools from Trading Central, which Tickmill does not. Both brokers support traders with an economic calendar highlighting global news events. Despite these similarities, Tickmill edges out HYCM with a research rating of 4 stars compared to HYCM's 3.5 stars and ranks #22 out of 62 brokers in the research category according to ForexBrokers.com, while HYCM is positioned at #35. Ultimately, traders seeking sentiment tools and additional research resources may prefer Tickmill, while those valuing Trading Central's tools might find HYCM more aligned with their needs.
| Feature |
Tickmill
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, Tickmill and HYCM both offer a solid array of content to help newcomers get started with forex and CFDs trading. Tickmill shines by providing an extensive library, which includes over 10 educational articles, videos, and archived webinars focused on forex and CFDs. Additionally, they conduct at least one live educational webinar each month, a feature that HYCM does not match. Both brokers offer searchable archives of past webinars, giving users the flexibility to learn at their own pace. While both platforms deliver over 10 beginner educational videos, Tickmill goes a step further by also offering over 10 advanced educational videos, making it a versatile choice for both new and experienced traders.
Beyond videos and articles, both Tickmill and HYCM provide an investor dictionary with over 50 terms, helping traders grasp essential trading jargon. However, when comparing overall educational quality and availability, Tickmill is rated slightly higher at 4 stars compared to HYCM's 3.5 stars. This is also reflected in their rankings by ForexBrokers.com, where Tickmill sits at #15 out of 62 brokers in the education category, while HYCM is positioned at #32. Overall, Tickmill appears to offer a more comprehensive educational experience for beginners aiming to develop a deeper understanding of trading.
| Feature |
Tickmill
|
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 Tickmill is better than HYCM (Henyep Capital Markets). Tickmill finished with an overall rank of #22, while HYCM (Henyep Capital Markets) finished with an overall rank of #29.
Tickmill is a run-of-the-mill MetaTrader broker that offers a limited selection of tradeable securities. The broker does offer very competitive commission-based pricing for professionals through its VIP and Pro accounts.
| Feature |
Tickmill
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HYCM (Henyep Capital Markets)
|
|---|---|---|
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| Trust Score | 86 | 86 |
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Both Tickmill and HYCM (Henyep Capital Markets) do not offer the ability to buy actual delivered cryptocurrency, but they both provide options for trading cryptocurrency derivatives.
When comparing online brokers Tickmill and HYCM (Henyep Capital Markets), neither offers ACH or SEPA transfers, both provide Skrill, Visa, Mastercard, and bank wire options for deposits and withdrawals, but only Tickmill supports PayPal for transactions.
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 | Tickmill | HYCM (Henyep Capital Markets) | |
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| Trust Score | 86 | 86 | |
| Winner | check_circle | ||
| Review | Tickmill Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | Tickmill | HYCM (Henyep Capital Markets) | |
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| Regulation | Tickmill | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trust Score | 86 | 86 | |
| Year Founded | 2014 | 1977 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Tickmill | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| 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). | Yes | No |
| Tier-2 Licenses (Trusted) | Tickmill | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Tickmill | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 725 | 1199 | |
| Forex Pairs (Total) | 63 | 70 | |
| U.S. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | No | 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 | Tickmill | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.51 | 1.2 | |
| All-in Cost EUR/USD - Active | 0.31 | 0.6 | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Tickmill | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | $100 | $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 | No | No |
| Trading Platforms | Tickmill | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Platform | No | 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 | Tickmill | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Tickmill | 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 | Tickmill | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Tickmill | 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 | Tickmill | 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 | Tickmill Review | HYCM (Henyep Capital Markets) Review |
| Overall | Tickmill | HYCM (Henyep Capital Markets) | |
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| Trust Score | 86 | 86 | |
| Winner | check_circle | ||
| Review | Tickmill Review | HYCM (Henyep Capital Markets) Review |
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