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 popular online brokers, each holding a strong reputation in the trading industry. Founded in 2014, Tickmill maintains credibility with its two Tier-1 licenses and two Tier-2 licenses, reflecting its trusted status. Similarly, HYCM, with a long-standing presence since 1977, also possesses two Tier-1 licenses and one Tier-2 license. Both companies are rated with an 86 Trust Score by ForexBrokers.com, placing them in the trusted category for online brokers.
Neither Tickmill nor HYCM is publicly traded, and neither functions as a bank, focusing instead on providing robust online trading services. The consistent regulatory frameworks underpinning these brokers ensure investors can trade with confidence, knowing their investments are overseen by reputable national authorities. With established histories and solid regulatory backing, both Tickmill and HYCM present trustworthy options for traders seeking reliable brokerage services.
| Feature |
Tickmill
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 2014 | 1977 |
| Publicly Traded (Listed) | ||
| Bank | ||
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When it comes to comparing the commissions and fees of online brokers Tickmill and HYCM, there are noticeable differences that traders should consider. Tickmill offers two types of accounts: Classic and Raw. The Raw account, which succeeded the Pro account, has raised its commission to $3 per side or $6 per standard lot. This adjustment combines with typical spreads of around 0.11 pips for EUR/USD, leading to a total cost of 0.71 pips. Nevertheless, Tickmill stands out for active traders, maintaining a top position among brokers due to its competitive all-in cost, earning a 5-star rating and securing a #4 rank on ForexBrokers.com for Commissions and Fees.
In contrast, HYCM presents an appealing offer with a Raw account that has a combined cost of about 0.6 pips for EUR/USD, post-commission. The Classic account at HYCM tends to be pricier, with variable spreads starting at 1.2 pips. Additionally, traders can choose a fixed-spread option with a 1.5 pips spread. While HYCM provides competitive pricing with its Raw account, it holds a slightly lower 4.5-star rating and ranks #15 out of 63 brokers according to ForexBrokers.com in the Commissions and Fees category.
In summary, both Tickmill and HYCM offer valuable features for forex traders. Tickmill is particularly attractive for active traders due to its cost-effective, low-spread Raw account, achieving a higher ranking and star rating. On the other hand, HYCM's Raw account's similar all-in cost may appeal to traders seeking competitive deals despite its Classic account's higher expenses. Choosing between the two largely depends on individual trading strategies and account preferences.
| 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 | Yes | |
| ACH or SEPA Transfers | ||
| PayPal (Deposit/Withdraw) | Yes | |
| 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 notable names in the realm of online trading, especially for those interested in forex and cryptocurrency derivatives. Tickmill offers forex trading as a CFD or spot contract, covering 63 forex pairs within a total range of 725 tradeable symbols. On the other hand, HYCM presents a slightly broader selection, featuring 70 forex pairs among a vast array of 1,199 tradeable symbols. However, while Tickmill provides the option for copy trading, a convenient choice for beginners or those seeking to follow seasoned investors, HYCM does not offer this service.
HYCM sets itself apart by offering exchange-traded securities on U.S. and international exchanges, allowing clients to directly invest in companies like Apple and Vodafone, unlike Tickmill, which does not support this feature. Both brokers facilitate trading in cryptocurrency derivatives, though neither provides access to the actual delivery of cryptocurrencies. When assessed for their Range of Investments, Tickmill is rated at 3.5 stars, ranking it 42nd out of 63 brokers according to ForexBrokers.com, while HYCM achieves a higher rating of 4 stars, ranking 33rd out of 63. These distinctions make HYCM a more versatile option for those interested in a wider spectrum of investment opportunities.
| 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) | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | |
| Social Trading / Copy Trading | Yes | |
| Cryptocurrency (Physical) | ||
| 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 the trading platforms and tools of Tickmill and HYCM, both brokers offer a comprehensive suite of services that cater to both beginner and experienced traders. Tickmill provides access to popular platforms like MetaTrader 4 and MetaTrader 5, alongside a Windows-based desktop version and a web-based platform, ensuring convenience and flexibility. Tickmill also includes copy trading and a virtual demo account to practice trading strategies without financial risk. While the broker does not offer a proprietary platform, it allows users to trade directly from stock charts and is equipped with 15 drawing tools for enhanced charting capabilities.
HYCM, on the other hand, distinguishes itself by offering a proprietary platform in addition to the widely-used MetaTrader 4 and MetaTrader 5 options. Like Tickmill, HYCM supports both Windows and web-based platforms, offering a similar ease of access. Although HYCM does not support copy trading, it compensates with the ability to trade directly from stock charts and features 15 drawing tools. Both brokers are rated 4 out of 5 stars for their trading platforms and tools, but Tickmill ranks slightly higher at #32 out of 63 brokers, compared to HYCM's ranking at #40, according to ForexBrokers.com evaluations.
| Feature |
Tickmill
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | ||
| ZuluTrade | ||
| 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.
Both Tickmill and HYCM offer mobile trading apps available for iPhone and Android users, providing ample opportunity for traders on the go. These apps include essential features such as stock and forex price alerts and the ability to draw trendlines on charts. With 30 technical studies for charting, both brokers equip traders with the tools needed for comprehensive analysis. Additionally, their apps support multiple time frames, which means you can view daily, weekly, or intraday charts without hassle.
Tickmill and HYCM both allow users to create watchlists with real-time quotes. They also support syncing watchlists between mobile and online accounts, ensuring a seamless trading experience across devices. The apps automatically save drawings on charts, so your work remains secure. Both brokers receive a solid rating of four stars for their mobile trading apps. However, Tickmill ranks slightly higher, at 32 out of 63 brokers according to ForexBrokers.com, compared to HYCM's position at 37, indicating a minor preference among users.
| Feature |
Tickmill
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | ||
| 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.
Tickmill and HYCM (Henyep Capital Markets) both provide valuable market research offerings for their users. They offer daily market commentary and access to forex news from top-tier sources like Bloomberg and Reuters, ensuring traders stay informed with professional insights. While both brokers deliver an economic calendar to track major global news events, their research tools differ. Tickmill showcases sentiment-based trading tools and resources like Acuity Trading’s Signal Centre, whereas HYCM provides advanced technical analysis tools through Trading Central. However, neither broker supports tools from Autochartist or market research from TipRanks.
When it comes to research quality evaluations, Tickmill receives a rating of four stars from ForexBrokers.com, placing it at the 22nd position among 63 brokers. In comparison, HYCM is rated slightly lower at 3.5 stars, securing the 35th rank. These ratings reflect the varying strengths and focus areas of each broker, helping potential clients make informed decisions when seeking comprehensive market analysis tools and resources.
| Feature |
Tickmill
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | ||
| Trading Central (Recognia) | Yes | |
| Social Sentiment - Currency Pairs | Yes | |
| TipRanks | ||
| Signal Centre (Acuity Trading) | Yes | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Both Tickmill and HYCM excel in providing educational resources for forex and CFD trading, catering well to beginners. Tickmill stands out with its monthly webinars, ensuring ongoing learning opportunities. In contrast, it's unclear if HYCM offers regular monthly webinars. Both brokers provide a variety of educational materials, including over ten beginner-focused videos that cover essential trading topics, as well as a rich archive of previously recorded webinars. Both platforms also offer a comprehensive investor dictionary featuring more than 50 investing terms, a valuable tool for newcomers looking to familiarize themselves with trading jargon.
When it comes to more advanced traders, Tickmill offers over ten detailed videos on complex trading strategies, while such offerings from HYCM remain unspecified. In overall education ratings, Tickmill receives four stars as compared to HYCM's 3.5 stars, suggesting a slight edge in educational quality and content availability. Additionally, Tickmill is ranked higher for education (#15) among 63 brokers reviewed by ForexBrokers.com, whereas HYCM is placed at #32 according to the same source.
| Feature |
Tickmill
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 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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Tickmill and HYCM (Henyep Capital Markets) both do not offer the ability to buy actual (delivered) cryptocurrencies, but they do provide options to trade cryptocurrency derivatives.
Tickmill provides options for depositing and withdrawing account funds through PayPal, Skrill, Visa, Mastercard, and bank wires, but does not specify ACH or SEPA transfers, whereas HYCM (Henyep Capital Markets) offers fund operations via Skrill, Visa, Mastercard, and bank wires, without explicitly mentioning PayPal, ACH, or SEPA transfers.
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) | |||
| Bank | |||
| Regulated in one or more EU or EEA countries (MiFID). | Yes | ||
| 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) | |||
| Canada (CIRO Authorised) | |||
| Hong Kong (SFC Authorised) | Yes | ||
| Japan (SFC Authorised) | |||
| Singapore (MAS Authorised) | |||
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | |||
| New Zealand (FMA Authorised) | |||
| Regulated in one or more EU or EEA countries (MiFID). | Yes |
| Tier-2 Licenses (Trusted) | Tickmill | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | |||
| South Africa (FSCA Authorised) | Yes | ||
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | |||
| Jordan (JSC Authorised) |
| 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) | Yes | ||
| Int'l Stock Trading (Non CFD) | Yes | ||
| Social Trading / Copy Trading | Yes | ||
| Cryptocurrency (Physical) | |||
| 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 | Yes | ||
| Inactivity Fee | |||
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Tickmill | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | $100 | $20 | |
| PayPal (Deposit/Withdraw) | Yes | ||
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers |
| Trading Platforms | Tickmill | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Platform | Yes | ||
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | ||
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | |||
| DupliTrade | |||
| ZuluTrade |
| 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 | |||
| 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 | |||
| Trading Central (Recognia) | Yes | ||
| TipRanks | |||
| Social Sentiment - Currency Pairs | Yes | ||
| Economic Calendar | Yes | Yes |
| Education | Tickmill | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | ||
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | ||
| 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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