Written by ForexBrokers.com
In this head to head comparison of XTB 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.
When considering online brokers, XTB and HYCM (Henyep Capital Markets) both provide strong options with distinct advantages. XTB, founded in 2002, is publicly traded and holds two Tier-1 and two Tier-2 licenses, giving it a high level of trust in the trading community with a ForexBrokers.com Trust Score of 96. On the other hand, HYCM, established in 1977, is not publicly traded but also holds two Tier-1 licenses and one Tier-2 license. It has a trust score of 86, reflecting its reputable standing in the market.
Neither XTB nor HYCM operates as a bank, yet both have demonstrated trustworthiness through their regulatory standings. XTB's status as a public company and its top-tier trust score make it a highly attractive option for traders valuing transparency and reliability. Meanwhile, HYCM's long history and solid regulatory credentials provide a trusted platform for those interested in trading with a seasoned broker. Each broker offers a secure environment, tailored to different trading preferences and needs.
| Feature |
XTB
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 2002 | 1977 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When comparing the online brokers XTB and HYCM for commissions and fees, both offer competitive pricing models, although there are differences worth noting. XTB provides two account types: a spread-only Standard account and a commission-based Professional account, which is primarily aimed at clients qualifying as "elected Professionals" in the U.K. and Europe. The average forex spreads for the EUR/USD with XTB's Standard account is around 1 pip, making it a solid choice for retail forex traders, especially since the Pro account is being phased out. Despite its pricing alignment with industry averages, XTB allows active traders to benefit from up to 30% spread rebates through its Lower Spread Group program. XTB earns a strong rating of 4.5 stars and ranks 11th out of 62 brokers in the Commissions and Fees category according to ForexBrokers.com.
HYCM (Henyep Capital Markets) also offers different pricing and account structures, catering to various trading preferences. Its Raw account stands out with competitive pricing at an all-in cost of approximately 0.6 pips for the EUR/USD, while the Classic account, with a variable spread starting from 1.2 pips, and the fixed-spread account at 1.5 pips each cater to differing trader needs. Although the Classic account is comparably more expensive, the Raw account is a lucrative option for cost-savvy traders. HYCM secures a 4.5-star rating and holds a commendable position as the 15th best rated broker for commissions and fees out of 62 brokers, as reported by ForexBrokers.com.
In summary, both brokers offer appealing options, with XTB offering a simple entry point and discounts for active traders, and HYCM offering a varied account structure with a particularly attractive Raw account option. While XTB might appeal more to casual and active European traders looking for rebates, HYCM's cost-effective Raw account could be an enticing choice for traders prioritizing tight spreads. Choosing between these two brokers will largely depend on your trading volume, location, and account preferences.
| Feature |
XTB
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $0 | $20 |
| Average Spread EUR/USD - Standard | 1.00 | 1.2 |
| All-in Cost EUR/USD - Active | 1.00 | 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.
When comparing the range of investments, XTB and HYCM both offer forex trading as CFDs or spot contracts, but there are notable differences in their offerings. XTB provides access to an impressive 7,184 tradeable symbols, significantly more than HYCM's 1,199. While both brokers offer similar numbers of forex pairs, with XTB offering 71 and HYCM offering 70, XTB stands out in offering a greater variety of instruments overall. Both platforms allow clients to invest in exchange-traded securities from U.S. and international exchanges, giving investors the opportunity to buy shares like Apple on the NASDAQ or Vodafone on the London Stock Exchange.
While neither XTB nor HYCM offers copy trading, both allow clients to trade cryptocurrency derivatives, although not actual cryptocurrencies. XTB receives high praise with a 5-star rating for its range of investments, ranking 14th out of 62 brokers according to ForexBrokers.com. In contrast, HYCM earns a respectable 4-star rating and is ranked 33rd in the same category. This suggests that XTB may be the preferred choice for those seeking a broader array of trading options.
| Feature |
XTB
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7184 | 1199 |
| Forex Pairs (Total) | 71 | 70 |
| 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 it comes to comparing online trading platforms, XTB and HYCM both offer a variety of tools and options, but they cater to slightly different needs. Both brokers provide free virtual demo accounts, allowing users to practice trading without financial risk. Each broker also boasts its own proprietary platform in addition to a Windows-based desktop download and web-based browser platform. However, while HYCM provides popular trading platforms MetaTrader 4 (MT4) and MetaTrader 5 (MT5), XTB does not, making it a potential drawback for those who prefer these industry-standard interfaces. Neither broker features copy trading or social trading on platforms such as DupliTrade or ZuluTrade.
Charting features are another area where these platforms diverge. XTB offers more drawing tools with 32 options compared to HYCM's 15, enhancing trader flexibility in technical analysis, alongside the ability to trade directly from stock charts. For watchlists, XTB provides eight columns for customization while HYCM offers seven. With all these factors considered, XTB stands out slightly more favorably with a 4.5-star rating for trading platforms and tools, and ranks #9 out of 62 brokers according to ForexBrokers.com. In comparison, HYCM, with a 4-star rating, falls to the #40 position, indicating subtle but impactful differences in the quality and variety of trading features each broker offers.
| Feature |
XTB
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 39 | 30 |
| Charting - Drawing Tools (Total) | 32 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 8 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
If you're comparing mobile trading apps, both XTB and HYCM offer a solid experience for iPhone and Android users, with key functionalities like stock or forex price alerts and the ability to create watchlists with real-time quotes. XTB edges ahead with 39 technical studies available for charting, while HYCM offers 30. Both platforms support drawing trendlines and choosing from various time frames on charts, in addition to auto-saving these drawings. However, neither provider currently offers watchlist symbol syncing, which might be a consideration depending on your trading needs.
When it comes to user ratings and rankings, XTB receives a higher rating of 4.5 stars out of 5 for its mobile trading app, compared to HYCM's 4 stars. This is further reflected in XTB's ranking as the 8th best mobile trading app out of 62 brokers on ForexBrokers.com, while HYCM stands at 37th. This suggests that XTB provides a slightly more appealing mobile trading experience overall, though both apps cover all the essential bases for mobile traders.
| Feature |
XTB
|
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 | 39 | 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 XTB and HYCM (Henyep Capital Markets), both brokers provide daily market commentary and deliver forex news from reputable sources like Bloomberg and Reuters. XTB stands out by offering a sentiment-based trading tool that displays ratios of long or short positions across currency pairs or other instruments. Additionally, XTB features an economic calendar that outlines current and upcoming global news events, a feature HYCM also provides. However, XTB does not include research tools from partners like Autochartist or Trading Central, whereas HYCM offers resources from Trading Central, providing a technical analysis edge for their users.
When it comes to ratings and ranks, XTB shines brighter with a 5-star research rating and is ranked #7 out of 62 brokers by ForexBrokers.com. In comparison, HYCM receives a lower 3.5-star rating and holds the #35 position in the same category. This indicates that XTB offers a more admired and comprehensive research experience for their clients, making it a favorable option for traders who value in-depth market insights and tools. Despite lacking some specialized tools, XTB's overall research strength is reflected in its higher ratings and rank, especially when compared to HYCM.
| Feature |
XTB
|
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) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For those beginning their trading journey, XTB and HYCM (Henyep Capital Markets) present unique educational offerings. XTB is known for providing a rich selection of more than ten educational resources focused on forex and CFDs, catering to beginner traders with at least ten videos specifically designed for newcomers. They also host monthly webinars to engage their clients and maintain an archive of recorded sessions for future reference. Although XTB lacks a comprehensive investor dictionary, their dedication to offering both beginner and advanced educational videos, coupled with a five-star education rating, highly ranks them at #11 out of 62 brokers in the education category.
On the other hand, HYCM matches XTB by offering over ten articles and videos targeting fundamental trading concepts, including beginner-focused content. Unfortunately, HYCM falls short in hosting regular educational webinars, although they do provide access to a searchable webinar archive. While they compensate with an extensive investor dictionary that defines over 50 investing terms, HYCM does not offer as many advanced trading videos as XTB. Their educational resources earn them a 3.5-star rating and place them at #32 in the education rankings by ForexBrokers.com. Both brokers offer valuable educational materials, but XTB's offerings cater more extensively to different experience levels within the trading community.
| Feature |
XTB
|
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) | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that XTB is better than HYCM (Henyep Capital Markets). XTB finished with an overall rank of #7, while HYCM (Henyep Capital Markets) finished with an overall rank of #29.
As a trusted multi-asset broker, XTB offers outstanding customer service, a wide variety of forex and CFDs, and an excellent overall trading experience. Its xStation 5 trading platform is well-designed and packed with innovative features, and XTB’s offers comprehensive educational content and market research.
| Feature |
XTB
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HYCM (Henyep Capital Markets)
|
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| Trust Score | 96 | 86 |
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Both XTB and HYCM (Henyep Capital Markets) do not offer the ability to buy actual delivered cryptocurrencies, but both brokers provide options to trade cryptocurrency derivatives.
When comparing online brokers XTB and HYCM, XTB differentiates itself by offering PayPal alongside other deposit and withdrawal methods like Skrill, Visa, Mastercard, and bank wires, while HYCM supports Skrill, Visa, Mastercard, and bank wires, but does not offer PayPal; neither broker provides ACH or SEPA transfers as options 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 | XTB | HYCM (Henyep Capital Markets) | |
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| Trust Score | 96 | 86 | |
| Winner | check_circle | ||
| Review | XTB Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | XTB | HYCM (Henyep Capital Markets) | |
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| Regulation | XTB | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trust Score | 96 | 86 | |
| Year Founded | 2002 | 1977 | |
| Publicly Traded (Listed) | Yes | 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 | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | XTB | 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) | XTB | 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 | XTB | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 7184 | 1199 | |
| Forex Pairs (Total) | 71 | 70 | |
| 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 | XTB | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.00 | 1.2 | |
| All-in Cost EUR/USD - Active | 1.00 | 0.6 | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | XTB | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | $0 | $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 | XTB | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | XTB | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 8 | 7 | |
| Charting - Indicators / Studies (Total) | 39 | 30 | |
| Charting - Drawing Tools (Total) | 32 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | XTB | 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 | 39 | 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 | XTB | 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 | XTB | 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) | No | Yes |
| Major Forex Pairs | XTB | 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 | XTB Review | HYCM (Henyep Capital Markets) Review |
| Overall | XTB | HYCM (Henyep Capital Markets) | |
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| Trust Score | 96 | 86 | |
| Winner | check_circle | ||
| Review | XTB Review | HYCM (Henyep Capital Markets) Review |
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