Written by ForexBrokers.com
In this head to head comparison of HYCM (Henyep Capital Markets) vs Trading 212, 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), founded in 1977, and Trading 212, established in 2004, are both popular online brokers, though they differ in regulatory standings. HYCM is not publicly traded and is not a bank, but it does hold two Tier-1 licenses, signaling a high level of trust. With these credentials, HYCM has earned an impressive Trust Score of 86 from ForexBrokers.com, placing it within the "trusted" category. Additionally, HYCM holds one Tier-2 license, further boosting its credibility.
In comparison, Trading 212, also not publicly traded and not a bank, holds two Tier-1 licenses, indicating a strong level of trustworthiness. However, it lacks any Tier-2 licenses, which fewer regulate the company's operations than HYCM. As a result, Trading 212 has a Trust Score of 79 from ForexBrokers.com, categorizing it as an average-risk option for traders. This comparison showcases the importance of considering regulatory details when choosing between these brokers.
| Feature |
HYCM (Henyep Capital Markets)
|
Trading 212
|
|---|---|---|
| Year Founded | 1977 | 2004 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When it comes to commissions and fees, HYCM (Henyep Capital Markets) offers a range of accounts to suit different trading strategies. The Raw account stands out with competitive pricing, offering an all-in cost of about 0.6 pips for the EUR/USD currency pair, post-commission. On the other hand, the Classic account, with a variable spread starting from 1.2 pips, is slightly pricier. Additionally, HYCM provides a fixed-spread account option with a spread of 1.5 pips. Rated 4.5 out of 5 stars for commissions and fees and ranked #15 out of 62 brokers by ForexBrokers.com, HYCM is recognized for its cost-effective trading solutions.
Trading 212, in contrast, is known for its zero-commission trading model. However, traders should be aware that spreads are still applicable in CFD and forex trading. For January 2024, the average spread for the EUR/USD pair was recorded at 1.9 pips. Although Trading 212 has begun publishing its average spread data for transparency, this rate is higher than the industry average for such transactions, placing it at a disadvantage among top CFD and forex brokers. Trading 212 has earned a 4 out of 5-star rating and is positioned at #43 in the Commissions and Fees category by ForexBrokers.com.
In summary, while HYCM may offer lower spreads for its Raw account, Trading 212's zero-commission model appeals to certain investors. Each platform has its strengths, with HYCM being more favorable in terms of cost-effectiveness in forex trading. Traders should consider these factors, along with the star ratings and rankings, to choose the broker that best aligns with their investment goals and trading style.
| Feature |
HYCM (Henyep Capital Markets)
|
Trading 212
|
|---|---|---|
| Minimum Deposit | $20 | €10 |
| Average Spread EUR/USD - Standard | 1.2 | 1.9 |
| All-in Cost EUR/USD - Active | 0.6 | 1.9 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing HYCM (Henyep Capital Markets) and Trading 212, both platforms offer forex trading through CFDs or spot contracts, allowing traders to engage in currency exchange. While HYCM provides access to 1,199 tradeable symbols, Trading 212 stands out with a wider selection of 8,025 symbols. This includes a broader array of forex pairs, as Trading 212 offers 146 pairs in contrast to HYCM's 70. Both brokers cater to investors seeking exchange-traded securities on U.S. and international exchanges, enabling them to purchase well-known stocks like Apple and Vodafone. However, neither broker supports copy trading or the purchase of actual cryptocurrencies, focusing instead on cryptocurrency derivatives.
Trading 212's expansive market offerings have earned it a higher rating of 5 stars for its range of investments, compared to HYCM's 4 stars. Both brokers allow derivative trading on cryptocurrencies, catering to those interested in digital assets without owning the actual currency. According to ForexBrokers.com, Trading 212 ranks #15 in their Range of Investments category out of 62 brokers, showcasing its extensive variety of tradeable options. Meanwhile, HYCM is positioned at #33, reflecting a more limited, yet still competitive, selection. In essence, Trading 212 may appeal more to traders seeking a broader range of investment opportunities.
| Feature |
HYCM (Henyep Capital Markets)
|
Trading 212
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 8025 |
| Forex Pairs (Total) | 70 | 146 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | No | 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 the trading platforms and tools offered by HYCM (Henyep Capital Markets) and Trading 212, both brokers provide free virtual demo accounts, enabling users to practice trading without risk. Each broker has developed their own proprietary platforms for clients. However, a notable difference lies in platform availability: HYCM offers a Windows-based desktop platform, while Trading 212 does not. Web-based platforms are accessible with both brokers, but when it comes to advanced trading tools, HYCM provides access to MetaTrader 4 and 5, which Trading 212 does not support.
Despite missing out on MetaTrader platforms, Trading 212 is rated alongside HYCM with four-star reviews for their trading tools, although Trading 212 ranks higher at #20 compared to HYCM's #40 in a category ranking by ForexBrokers.com. Trading 212 excels with more drawing tools for charting (20 as opposed to HYCM's 15) but falls short on watchlist features, offering fewer customizable fields than HYCM. Neither broker supports copy trading, DupliTrade, or ZuluTrade, but both allow direct trading from stock charts.
| Feature |
HYCM (Henyep Capital Markets)
|
Trading 212
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 54 |
| Charting - Drawing Tools (Total) | 15 | 20 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 5 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When choosing between HYCM (Henyep Capital Markets) and Trading 212 for mobile trading, both brokers have their apps available on iPhone and Android devices, offering price alerts, the ability to draw trend lines, and various time frames for stock or forex charts. Both platforms provide features such as creating watchlists with real-time quotes and auto-saving drawings on charts, ensuring a seamless trading experience. However, Trading 212 stands out with its ability to sync watchlists between the mobile app and online account, a significant advantage for traders who frequently switch devices. Additionally, Trading 212 offers 104 technical studies for charting, compared to HYCM's 30, giving users a wider range of analytical tools.
In terms of user ratings and rankings, both brokers are valued with a 4-star rating for their mobile trading apps. Nevertheless, Trading 212 has a higher industry ranking positioned at #17 out of 62 brokers as per ForexBrokers.com, whereas HYCM ranks at #37. This suggests that while both apps are well-received by users, Trading 212's app may offer a more comprehensive and versatile user experience according to industry standards, possibly making it a preferred choice for traders who rely heavily on mobile functionalities.
| Feature |
HYCM (Henyep Capital Markets)
|
Trading 212
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 104 |
| 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 HYCM (Henyep Capital Markets) and Trading 212, several key differences emerge. HYCM provides daily market commentary, a feature not available with Trading 212. For forex news, both platforms align by sourcing updates from reputable media such as Bloomberg, Reuters, and Dow Jones. When it comes to tools for technical analysis, HYCM sets itself apart by integrating resources from Trading Central, whereas Trading 212 does not offer similar tools. However, Trading 212 gains an edge with a sentiment-based trading tool that visualizes traders’ positions across different currency pairs, a feature HYCM lacks. Both brokers provide an economic calendar to keep traders informed about global financial events.
Overall, each platform has its strengths and weaknesses in market research, reflected in their equal star ratings of 3.5 out of 5. However, HYCM ranks higher at #35 among 62 brokers for research offerings on ForexBrokers.com, while Trading 212 is at #46, suggesting a slight advantage for those prioritizing advanced market insights. Although neither broker incorporates tools from Autochartist, TipRanks, or Acuity Trading, traders can choose between platforms based on specific features like daily commentary and sentiment analysis, depending on their individual trading strategies and preferences.
| Feature |
HYCM (Henyep Capital Markets)
|
Trading 212
|
|---|---|---|
| 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 | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners seeking educational resources in online trading, both HYCM (Henyep Capital Markets) and Trading 212 offer a wealth of information to get started with forex and CFDs. Each provides over 10 educational materials, such as articles and videos, focused on these topics, ensuring newcomers have access to vital learning resources. Although both platforms boast a searchable archive of recorded webinars, only Trading 212 offers the added value of monthly online educational client webinars, which HYCM lacks. Furthermore, both brokers provide ample beginner-focused videos. However, Trading 212 extends its educational offerings to more advanced traders, offering over 10 advanced educational videos, a feature not supported by HYCM. Additionally, both brokers equip users with an investor dictionary containing over 50 investing term definitions to aid in the understanding of complex trading concepts.
While both platforms share a 3.5-star education rating, Trading 212 edges out with its #20 ranking among 62 brokers as per ForexBrokers.com, compared to HYCM's #32 position. This higher ranking suggests that despite equal scoring, Trading 212 might offer a slight edge in educational offerings and overall support for those looking to dive deeper into trading skills development. Beginners eager to mix foundational learning with a touch of ongoing instruction might find Trading 212’s resources particularly appealing, thanks to its monthly webinars and robust advanced video selection. Meanwhile, HYCM remains a solid choice with its comprehensive beginner materials and user-friendly educational archive.
| Feature |
HYCM (Henyep Capital Markets)
|
Trading 212
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
| 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 HYCM (Henyep Capital Markets) is better than Trading 212. HYCM (Henyep Capital Markets) finished with an overall rank of #29, while Trading 212 finished with an overall rank of #31.
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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Trading 212
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 79 |
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Both HYCM (Henyep Capital Markets) and Trading 212 do not provide the option to buy actual cryptocurrencies but do allow trading in cryptocurrency derivatives.
While HYCM (Henyep Capital Markets) and Trading 212 both support Visa, Mastercard, and bank wire transfers for depositing and withdrawing funds, Trading 212 additionally offers ACH, SEPA, and PayPal options, whereas HYCM provides Skrill instead.
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) | Trading 212 | |
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| Trust Score | 86 | 79 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | Trading 212 Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | Trading 212 | |
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| Regulation | HYCM (Henyep Capital Markets) | Trading 212 | |
|---|---|---|---|
| Trust Score | 86 | 79 | |
| Year Founded | 1977 | 2004 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | HYCM (Henyep Capital Markets) | Trading 212 | |
|---|---|---|---|
| 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 | Yes | |
| 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) | Trading 212 | |
|---|---|---|---|
| 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) | Trading 212 | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1199 | 8025 | |
| Forex Pairs (Total) | 70 | 146 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | No | 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 | HYCM (Henyep Capital Markets) | Trading 212 | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | 1.9 | |
| All-in Cost EUR/USD - Active | 0.6 | 1.9 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | HYCM (Henyep Capital Markets) | Trading 212 | |
|---|---|---|---|
| Minimum Deposit | $20 | €10 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | HYCM (Henyep Capital Markets) | Trading 212 | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | HYCM (Henyep Capital Markets) | Trading 212 | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 5 | |
| Charting - Indicators / Studies (Total) | 30 | 54 | |
| Charting - Drawing Tools (Total) | 15 | 20 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | HYCM (Henyep Capital Markets) | Trading 212 | |
|---|---|---|---|
| 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 | 104 | |
| 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) | Trading 212 | |
|---|---|---|---|
| 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 | Yes |
| Education | HYCM (Henyep Capital Markets) | Trading 212 | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | Trading 212 | |
|---|---|---|---|
| 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 | Trading 212 Review |
| Overall | HYCM (Henyep Capital Markets) | Trading 212 | |
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| Trust Score | 86 | 79 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | Trading 212 Review |
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