Written by ForexBrokers.com
In this head to head comparison of HYCM (Henyep Capital Markets) vs Trade Nation, 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.
HYCM (Henyep Capital Markets), established in 1977, and Trade Nation, founded in 2014, are both reputable online brokers with strong regulatory credentials. Each broker holds two Tier-1 licenses, ensuring a high level of trust and safety for investors. These Tier-1 licenses are indicators of a highly trusted status according to ForexBrokers.com. Additionally, both brokers each maintain a Tier-2 license, complementing their regulatory framework. Neither HYCM nor Trade Nation is publicly traded or operates as a bank, which is common in the online brokerage industry.
In terms of trust and reliability, HYCM has a Trust Score of 86, while Trade Nation closely follows with a score of 85, as per ForexBrokers.com. These scores place both brokers in the "trusted" bracket, reflecting a strong regulatory standing. Investors looking for reliable trading platforms can find security with either HYCM or Trade Nation, thanks to their consistent adherence to safety and regulatory standards. With both brokers offering a similar trust profile, choosing between them might come down to other factors such as trading tools, customer service, or specific trading needs.
| Feature |
HYCM (Henyep Capital Markets)
|
Trade Nation
|
|---|---|---|
| Year Founded | 1977 | 2014 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When it comes to commissions and fees, HYCM (Henyep Capital Markets) offers competitive pricing options. Their Raw account presents an all-in cost of about 0.6 pips for the EUR/USD pair after the commission is applied. The Classic account, however, starts with a variable spread beginning at 1.2 pips. For traders interested in fixed spreads, HYCM also provides a fixed-spread account with a consistent spread of 1.5 pips. HYCM earns a 4.5-star rating and ranks 15th out of 62 brokers in the Commissions and Fees category according to ForexBrokers.com.
Trade Nation, on the other hand, prides itself on offering fixed-spread pricing across its platform, making it easy for traders to anticipate costs. With a fixed spread of 0.6 pips for the EUR/USD pair, their pricing remains an attractive choice. It's important to note that during the daily rollover period, spreads briefly widen, bringing the true average closer to 1 pip. Trade Nation’s MetaTrader-based Raw Spread account charges a $3.50 commission per side, while their commission-free account offers the highest spreads. Their proprietary TN Trader web platform delivers some of the lowest spreads. Trade Nation boasts a full 5-star rating and ranks 7th among 62 brokers for commissions and fees on ForexBrokers.com.
Overall, both brokers provide compelling options depending on your trading style. HYCM offers a range of account types with varying spreads to choose from, while Trade Nation focuses on stability with fixed spreads, making it easier for traders to predict their trading costs. Each broker shines in their own right, with HYCM holding strong in its competitive offerings and Trade Nation excelling with its focus on transparency and stability.
| Feature |
HYCM (Henyep Capital Markets)
|
Trade Nation
|
|---|---|---|
| Minimum Deposit | $20 | $0 |
| Average Spread EUR/USD - Standard | 1.2 | 0.6 |
| All-in Cost EUR/USD - Active | 0.6 | 0.6 |
| Active Trader or VIP Discounts | Yes | No |
| 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.
HYCM, also known as Henyep Capital Markets, offers a diverse range of investment options with 1,199 tradeable symbols, including 70 forex pairs. Alongside forex trading offered as CFDs, HYCM allows investors to buy exchange-traded securities like Apple shares on U.S. exchanges and international offerings like Vodafone on the London Stock Exchange. While HYCM doesn't support copy trading or the purchase of actual cryptocurrencies, it does offer cryptocurrency derivatives, giving investors a versatile but slightly indirect exposure to the crypto market.
In contrast, Trade Nation provides access to 1,000 tradeable symbols, including 46 forex pairs, and similarly offers forex trading through CFDs. However, it falls short by not providing access to actual U.S. or international exchange-traded securities. On the upside, Trade Nation supports copy trading, which can be appealing for those looking to mirror successful trading strategies. Also offering cryptocurrency derivatives, Trade Nation offers a focused yet somewhat limited investment range compared to HYCM, which is reflected in its slightly lower investment range rating and ranking.
| Feature |
HYCM (Henyep Capital Markets)
|
Trade Nation
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 1000 |
| Forex Pairs (Total) | 70 | 46 |
| 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.
HYCM and Trade Nation both provide traders with diverse choices in trading platforms. They offer simulated trading through free demo accounts, making them accessible for beginners to practice and improve their trading skills without real financial risk. Both platforms are equipped with proprietary software and Windows-based desktop applications, ensuring flexibility and accessibility. A web-based option is also available with both brokers. For those who use the popular MetaTrader platforms, HYCM supports both MT4 and MT5, whereas Trade Nation offers only MT4. However, Trade Nation stands out by offering copy trading, a feature not available with HYCM.
Looking into trading tools, HYCM offers 15 drawing tools, the capability to trade directly from a stock chart, and seven columns for watch lists. In contrast, Trade Nation provides a more extensive set of 39 drawing tools and 14 watch list columns, although it lacks direct chart trading. Both brokers are similarly rated with four out of five stars for their trading platforms and tools. In the rankings of ForexBrokers.com, HYCM comes in at #40, while Trade Nation is closely behind at #45, indicating comparable standings in the industry for their platform offerings.
| Feature |
HYCM (Henyep Capital Markets)
|
Trade Nation
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 99 |
| Charting - Drawing Tools (Total) | 15 | 39 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 7 | 14 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both HYCM (Henyep Capital Markets) and Trade Nation offer user-friendly mobile trading apps available for iPhone and Android devices. These apps allow traders to set up alerts for stock and forex prices, ensuring they never miss a beat in market movements. Both platforms support drawing trendlines and viewing multiple time frames on charts, and they have the convenience of automatically saving these drawings. Creating watchlists with real-time quotes is seamless on both apps, making it easy for traders to keep track of market changes. Additionally, HYCM and Trade Nation both earned a solid 4-star rating for their mobile trading apps, suggesting a positive user experience.
However, there are some notable differences between the two. Trade Nation stands out by offering watchlist symbol syncing, a feature that HYCM currently lacks, allowing for seamless synchronization of watchlists across devices. When it comes to technical studies available for charting, Trade Nation provides a richer set of 99 studies compared to HYCM's 30. Despite these differences, HYCM ranks higher in the Mobile Trading Apps category by ForexBrokers.com, securing the 37th spot out of 62 brokers, while Trade Nation is ranked 45th. These distinctions may guide traders in choosing an app that best fits their trading style and needs.
| Feature |
HYCM (Henyep Capital Markets)
|
Trade Nation
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 99 |
| 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 features, HYCM (Henyep Capital Markets) and Trade Nation each offer distinct advantages. HYCM provides its clients with daily market commentary, giving them regular insights to stay informed. In contrast, Trade Nation lacks this feature but makes up for it with a sentiment-based trading tool that offers insights into market trends through long or short positions. On the forex news front, both brokers deliver news updates from top-tier sources including Bloomberg and Reuters, which help traders make informed decisions.
While HYCM excels by offering clients access to Trading Central for technical analytics, Trade Nation does not include this tool. Instead, Trade Nation utilizes Acuity Trading's tools, such as Signal Centre, to offer comprehensive market research. HYCM further distinguishes itself by providing an economic calendar to track global news events, which Trade Nation does not provide. Despite these differences, both firms secure a research rating of 3.5 stars and are closely ranked in the research category, with HYCM positioned at #35 and Trade Nation at #42 out of 62 brokers on ForexBrokers.com.
| Feature |
HYCM (Henyep Capital Markets)
|
Trade Nation
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | No |
Dive deeper: Best Brokers for Forex Research.
When comparing HYCM and Trade Nation for educational resources tailored to beginners, both brokers meet the basic requirement of providing at least 10 educational pieces that cover forex or CFDs. However, neither offers monthly webinars to enhance learning through live interaction. HYCM stands out with its searchable archive of past webinars, providing additional learning opportunities that Trade Nation doesn't offer. Additionally, both platforms provide an ample selection of beginner-focused trading videos, but they lack the advanced content that seasoned traders might find beneficial.
HYCM further distinguishes itself with a comprehensive investor dictionary, featuring definitions of more than 50 investing terms, a resource that Trade Nation does not provide. Despite these differences, both HYCM and Trade Nation are rated equally at 3.5 stars for education. However, this equal rating is contrasted by their different rankings in the educational category by ForexBrokers.com, with HYCM at #32 and Trade Nation at #42 out of 62 brokers. This might suggest that HYCM has a slight edge in educational offerings, marking a finer option for beginners seeking structured learning materials.
| Feature |
HYCM (Henyep Capital Markets)
|
Trade Nation
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| 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 Trade Nation. HYCM (Henyep Capital Markets) finished with an overall rank of #29, while Trade Nation finished with an overall rank of #34.
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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Trade Nation
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 85 |
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Both HYCM (Henyep Capital Markets) and Trade Nation do not provide options to purchase actual cryptocurrencies, but they each offer the ability to trade cryptocurrency derivatives.
Both HYCM (Henyep Capital Markets) and Trade Nation offer similar deposit and withdrawal options, lacking ACH, SEPA, and PayPal options, but both support Skrill, Visa, Mastercard, and bank wires for their clients.
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) | Trade Nation | |
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| Trust Score | 86 | 85 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | Trade Nation Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | Trade Nation | |
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| Regulation | HYCM (Henyep Capital Markets) | Trade Nation | |
|---|---|---|---|
| Trust Score | 86 | 85 | |
| Year Founded | 1977 | 2014 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | HYCM (Henyep Capital Markets) | Trade Nation | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| 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 | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | HYCM (Henyep Capital Markets) | Trade Nation | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | HYCM (Henyep Capital Markets) | Trade Nation | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1199 | 1000 | |
| Forex Pairs (Total) | 70 | 46 | |
| 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) | Trade Nation | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | 0.6 | |
| All-in Cost EUR/USD - Active | 0.6 | 0.6 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | HYCM (Henyep Capital Markets) | Trade Nation | |
|---|---|---|---|
| Minimum Deposit | $20 | $0 | |
| 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) | Trade Nation | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | HYCM (Henyep Capital Markets) | Trade Nation | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 14 | |
| Charting - Indicators / Studies (Total) | 30 | 99 | |
| Charting - Drawing Tools (Total) | 15 | 39 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | No |
| Mobile Trading | HYCM (Henyep Capital Markets) | Trade Nation | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 99 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | No |
| Research | HYCM (Henyep Capital Markets) | Trade Nation | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | No |
| Education | HYCM (Henyep Capital Markets) | Trade Nation | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | Trade Nation | |
|---|---|---|---|
| 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 | Trade Nation Review |
| Overall | HYCM (Henyep Capital Markets) | Trade Nation | |
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| Trust Score | 86 | 85 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | Trade Nation Review |
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