Written by ForexBrokers.com
In this head to head comparison of HYCM (Henyep Capital Markets) vs VT 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.
HYCM (Henyep Capital Markets), established in 1977, is an online broker with a strong regulatory framework. Holding two Tier-1 licenses, it is considered a trusted broker with a Trust Score of 86 out of 99 by ForexBrokers.com. While it is not a publicly traded company or a bank, its regulatory credentials make it a reliable choice for online trading. HYCM ensures a level of trust that is bolstered by its long-standing presence in the financial markets.
Founded in 2016, VT Markets is a newer entrant in the online trading landscape. It holds one Tier-1 license and one Tier-2 license, reflecting a moderate level of trustworthiness with a Trust Score of 70 out of 99 from ForexBrokers.com. Like HYCM, VT Markets is not publicly traded and doesn't operate as a bank. Although it carries more risk compared to HYCM, it maintains a trusted status in the industry, particularly suited for those seeking alternative trading options.
| Feature |
HYCM (Henyep Capital Markets)
|
VT Markets
|
|---|---|---|
| Year Founded | 1977 | 2016 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing the commissions and fees of HYCM (Henyep Capital Markets) to VT Markets, both brokers offer competitive pricing but differ in their account structures. HYCM's Raw account presents attractive costs, with an overall expense of about 0.6 pips for trading EUR/USD, inclusive of commission charges. In contrast, HYCM's Classic account is somewhat pricier, offering a variable spread starting from 1.2 pips. Additionally, HYCM provides a fixed-spread account with a stable 1.5 pips spread. This variety in account offerings allows traders to choose based on their trading preferences and cost-management strategies. Both accounts are backed by a commendable 4.5-star rating from ForexBrokers.com, ranking HYCM at #15 out of 62 brokers for commissions and fees.
On the other hand, VT Markets features two main account types with varying costs: the Raw ECN and the Standard STP account. The Standard STP account doesn't charge commissions but entails higher spreads, with the EUR/USD averaging 1.2 pips. Meanwhile, the Raw ECN account has a more competitive setup, featuring an effective spread of 0.83 pips, including a 0.6-pip round turn commission and a 0.23 average spread. Both account types require a modest minimum deposit of only $100. Like HYCM, VT Markets is also given a 4.5-star rating for commissions and fees by ForexBrokers.com, although its ranking is slightly lower at #20 among 62 brokers.
Overall, both HYCM and VT Markets offer traders a solid selection of accounts that cater to different trading styles, balancing between commission-free and low-spread options. Each broker's account offerings are designed to meet the needs of various traders, making both viable options in their respective ranks and user ratings.
| Feature |
HYCM (Henyep Capital Markets)
|
VT Markets
|
|---|---|---|
| Minimum Deposit | $20 | $100 |
| Average Spread EUR/USD - Standard | 1.2 | 1.2 |
| All-in Cost EUR/USD - Active | 0.6 | 0.8 |
| 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 (Henyep Capital Markets) and VT Markets both provide a platform for forex trading, with options to engage through CFDs or spot contracts. HYCM takes the lead with 1,199 tradeable symbols, including 70 forex pairs, while VT Markets offers 1,000 symbols and 39 forex pairs. Both brokers provide access to exchange-traded securities on international exchanges. However, only HYCM allows clients to trade directly on U.S. exchanges, giving them the ability to buy stocks like Apple. Neither broker supports buying actual cryptocurrencies, but both offer trading in cryptocurrency derivatives.
For investors interested in copy trading, VT Markets might be more appealing as it supports this feature, unlike HYCM. Based on their range of investments, HYCM receives a higher rating of 4 stars compared to VT Markets' 3.5 stars. Additionally, HYCM is ranked 33rd in the Range of Investments category by ForexBrokers.com, compared to VT Markets' ranking at 39th. Overall, HYCM offers a broader range of investment options, making it a potentially more suitable choice for those looking to diversify their portfolio.
| Feature |
HYCM (Henyep Capital Markets)
|
VT Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 1000 |
| Forex Pairs (Total) | 70 | 39 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| 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 the trading platforms and tools of HYCM and VT Markets, both brokers offer a free virtual demo account to simulate trading, which is a beneficial feature for beginners looking to practice without financial risk. HYCM stands out with its proprietary platform developed in-house, in addition to providing popular options like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). VT Markets, while not offering a proprietary platform, also supports MT4 and MT5, alongside web-based and Windows desktop platforms. An advantage of VT Markets is its capability for copy trading, a feature not available with HYCM. Both brokers allow trading directly from stock charts and support comprehensive web-based trading experiences.
In terms of charting tools, VT Markets offers more variety with 30 drawing tools compared to HYCM's 15. Both platforms offer the same number of columns for watch lists, providing seven customizable fields. With both brokers rated four stars for their trading platforms and tools, HYCM ranks slightly higher at #40 compared to VT Markets' position at #47 among 62 brokers, according to ForexBrokers.com. This comparison suggests HYCM may offer a more versatile proprietary and technical trading experience, while VT Markets offers a wider array of drawing tools and the advantage of copy trading options.
| Feature |
HYCM (Henyep Capital Markets)
|
VT Markets
|
|---|---|---|
| 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 | No |
| Charting - Indicators / Studies (Total) | 30 | 15 |
| Charting - Drawing Tools (Total) | 15 | 30 |
| 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 HYCM (Henyep Capital Markets) and VT Markets, both platforms offer apps that are compatible with iPhone and Android devices, making them accessible to most users. Each platform provides essential features like stock and forex price alerts, along with the ability to draw trendlines and view multiple time frames on charts. Moreover, both apps offer 30 technical studies for charting and allow users to create watchlists with real-time quotes, ensuring traders have the tools needed for informed trading decisions.
A notable difference lies in the autosaving of chart drawings: HYCM supports this function, while VT Markets does not. Neither platform allows for watchlist symbol syncing between mobile apps and online accounts, which may be a downside for those who frequently switch devices. With each app rated 4 stars for mobile trading, HYCM is ranked slightly higher at #37, compared to VT Markets' #44, out of 62 brokers according to ForexBrokers.com. This suggests that while both services offer similar features, HYCM might have a slight edge in user satisfaction or additional app functionality.
| Feature |
HYCM (Henyep Capital Markets)
|
VT 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 | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, both HYCM (Henyep Capital Markets) and VT Markets provide daily market commentary and access to forex news from reputable sources like Bloomberg and Reuters. They also offer technical analysis tools from Trading Central, ensuring that traders have access to advanced analytics. However, neither broker currently provides research tools from Autochartist or company Acuity Trading, such as Signal Centre, nor do they offer market insights from TipRanks.
One notable difference between the two is in the availability of sentiment-based trading tools. VT Markets offers a tool that shows the ratio of long and short positions across various instruments, providing valuable insights into trader sentiment, whereas HYCM does not. Both brokers offer an economic calendar featuring key global events, keeping traders informed of crucial economic developments. With a research rating of 3.5 stars each, HYCM ranks slightly higher at #35 compared to VT Markets at #36 out of 62 brokers according to ForexBrokers.com.
| Feature |
HYCM (Henyep Capital Markets)
|
VT Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | Yes |
| 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.
When comparing the educational offerings of HYCM (Henyep Capital Markets) and VT Markets, both excel in providing resources that cater to beginners. Each platform offers over ten pieces of educational content dedicated to forex and CFDs, including articles and videos, making it easier for newcomers to grasp essential trading concepts. Additionally, both brokers provide a minimum of ten educational videos specifically designed for those just starting in trading. An added advantage for HYCM users is access to a searchable archive of past webinars, allowing learners to revisit materials as needed, while this feature is absent from VT Markets.
Regarding additional resources, HYCM edges slightly ahead with an investor dictionary that includes definitions for over 50 investing terms, a feature that VT Markets also shares. However, neither broker offers regular live webinars or a vast library of advanced educational content for more experienced traders, making their educational resources somewhat limited beyond the beginner stage. Despite these similarities, HYCM ranks higher at number 32 in the Education category according to ForexBrokers.com, compared to VT Markets’ position at number 55, though both share an overall educational rating of 3.5 out of 5 stars.
| Feature |
HYCM (Henyep Capital Markets)
|
VT Markets
|
|---|---|---|
| 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 | 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 VT Markets. HYCM (Henyep Capital Markets) finished with an overall rank of #29, while VT Markets finished with an overall rank of #44.
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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VT Markets
|
|---|---|---|
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| Trust Score | 86 | 70 |
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Both HYCM (Henyep Capital Markets) and VT Markets do not provide options to purchase actual (delivered) cryptocurrency, but they both offer the ability to trade in cryptocurrency derivatives.
Both HYCM (Henyep Capital Markets) and VT Markets support fund deposits and withdrawals via Skrill, Visa or Mastercard, and bank wires, but neither offers ACH, SEPA transfers, or PayPal as options for account 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 | HYCM (Henyep Capital Markets) | VT Markets | |
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| Trust Score | 86 | 70 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | VT Markets Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | VT Markets | |
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| Regulation | HYCM (Henyep Capital Markets) | VT Markets | |
|---|---|---|---|
| Trust Score | 86 | 70 | |
| Year Founded | 1977 | 2016 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | HYCM (Henyep Capital Markets) | VT Markets | |
|---|---|---|---|
| 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 | No | |
| 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) | VT Markets | |
|---|---|---|---|
| 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) | VT Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1199 | 1000 | |
| Forex Pairs (Total) | 70 | 39 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| 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) | VT Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | 1.2 | |
| All-in Cost EUR/USD - Active | 0.6 | 0.8 | |
| 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) | VT Markets | |
|---|---|---|---|
| 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) | VT Markets | |
|---|---|---|---|
| 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 | No |
| Trading Tools | HYCM (Henyep Capital Markets) | VT Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 15 | |
| Charting - Drawing Tools (Total) | 15 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | HYCM (Henyep Capital Markets) | VT 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 | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | HYCM (Henyep Capital Markets) | VT Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | VT Markets | |
|---|---|---|---|
| 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 | Yes |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | VT 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 | HYCM (Henyep Capital Markets) Review | VT Markets Review |
| Overall | HYCM (Henyep Capital Markets) | VT Markets | |
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| Trust Score | 86 | 70 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | VT Markets Review |
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