Written by ForexBrokers.com
In this head to head comparison of HYCM (Henyep Capital Markets) vs Xtrade, 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 comparing online brokers, HYCM (Henyep Capital Markets) and Xtrade stand out with their distinct histories and regulatory credentials. Founded in 1977, HYCM has established itself over decades and holds a ForexBrokers.com Trust Score of 86, indicating a trusted status. With two Tier-1 highly trusted licenses and one Tier-2 trusted license, HYCM presents a firm regulatory framework for traders seeking a reliable partner. Despite not being publicly traded or a bank, HYCM's long-standing presence and regulatory strength underline its commitment to providing secure trading environments.
Xtrade, which began its operations in 2003, has developed a ForexBrokers.com Trust Score of 74, marking it as a broker with an average risk profile. Xtrade holds one Tier-1 highly trusted license and one Tier-2 trusted license, ensuring a reasonable level of oversight for its clients. While also not publicly traded or a bank, Xtrade offers a decade-rich experience in the trading landscape. Both brokers cater to individuals seeking robust trading solutions, but their differences in Trust Scores and licenses could influence a trader's selection based on the level of regulatory assurance they prefer.
| Feature |
HYCM (Henyep Capital Markets)
|
Xtrade
|
|---|---|---|
| Year Founded | 1977 | 2003 |
| 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 | 1 |
When comparing online brokers HYCM (Henyep Capital Markets) and Xtrade in terms of commissions and fees, HYCM stands out for its flexible pricing options. HYCM's Raw account offers competitive pricing with an all-in cost of approximately 0.6 pips for the EUR/USD pair, which includes the commission. The Classic account, however, is pricier, featuring a variable spread starting at 1.2 pips, while the fixed-spread account offers a spread of 1.5 pips. On the other hand, Xtrade does not provide average spread data, making direct comparisons challenging.
In terms of ratings, HYCM receives a commendable 4.5 stars for its commissions and fees, highlighting its appealing pricing structure. Xtrade, conversely, is rated at 2.5 stars, indicating less favorable conditions for traders who prioritize cost efficiency.
Looking at their performance among competitors, HYCM ranks #15 out of 62 brokers for commissions and fees according to ForexBrokers.com, reflecting its strong competitive stance. In contrast, Xtrade holds the last spot, ranked #62, suggesting there may be better options available for those seeking cost-effective trading solutions.
| Feature |
HYCM (Henyep Capital Markets)
|
Xtrade
|
|---|---|---|
| Minimum Deposit | $20 | $250 |
| Average Spread EUR/USD - Standard | 1.2 | N/A |
| All-in Cost EUR/USD - Active | 0.6 | N/A |
| 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.
When comparing the range of investments between HYCM (Henyep Capital Markets) and Xtrade, it's clear that both brokers offer the ability to trade forex as CFDs, but HYCM provides a broader selection with 1,199 tradeable symbols compared to Xtrade's 482. HYCM also leads in tradeable forex pairs, offering 70 pairs versus Xtrade's 56. Additionally, HYCM gives investors the opportunity to engage in exchange traded securities from both U.S. and international markets, a feature not available with Xtrade. However, neither platform offers the ability to buy actual cryptocurrencies, instead providing the option to trade cryptocurrency derivatives.
For those focused on a diverse investment portfolio, HYCM may be the better choice, receiving a 4-star rating for its range of investments, whereas Xtrade holds a 3.5-star rating. In rankings by ForexBrokers.com, HYCM is positioned at #33 out of 62 brokers for range of investments, while Xtrade stands at #49. Though neither platform offers copy trading, the broader selection and accessibility at HYCM may appeal to various investors looking for more comprehensive market participation.
| Feature |
HYCM (Henyep Capital Markets)
|
Xtrade
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 482 |
| Forex Pairs (Total) | 70 | 56 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| 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 of HYCM (Henyep Capital Markets) and Xtrade, both brokers offer simulated trading through free virtual demo accounts to help beginners practice before trading with real money. Additionally, both brokers provide proprietary trading platforms developed in-house. HYCM offers more versatility with a Windows-based desktop download platform and web-based trading platform, while Xtrade only supports web-based trading. A significant distinction arises in their support for popular trading suites, as HYCM accommodates MetaTrader 4 (MT4) and MetaTrader 5 (MT5), favorite choices among traders for advanced charting and automated trading. Xtrade, on the other hand, does not support these platforms, which might be a consideration for seasoned traders seeking these specific tools.
For those focusing on charting and technical analysis, Xtrade stands out with a generous offering of 100 drawing tools, far surpassing HYCM's 15 tools. Both brokers allow users to trade directly from stock charts, enhancing the user experience by providing more interactive trading opportunities. When it comes to watch lists, Xtrade offers more flexibility with 9 available columns compared to HYCM's 7 columns. Rated 4 stars for its trading platforms and tools, HYCM stands ahead of Xtrade, which is rated at 3.5 stars, demonstrating a slight advantage recognized by ForexBrokers.com, ranking HYCM at #40 and Xtrade at #58 out of 62 brokers for Trading Platforms and Tools. This comparison provides insights into how each broker might meet the needs of different types of traders.
| Feature |
HYCM (Henyep Capital Markets)
|
Xtrade
|
|---|---|---|
| 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 | N/A |
| Charting - Drawing Tools (Total) | 15 | 100 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of HYCM (Henyep Capital Markets) and Xtrade, both offer apps for iPhone and Android devices. However, HYCM stands out by providing stock or forex price alerts, which Xtrade does not offer. While neither broker allows synchronization of watchlist symbols between their mobile apps and online accounts, HYCM edges ahead with 30 technical studies available on its mobile app, a feature not provided by Xtrade. Additionally, HYCM's app enables users to draw trendlines, view multiple time frames, and auto-save chart drawings, whereas Xtrade lacks these capabilities.
Despite some differences in features, both HYCM and Xtrade are rated similarly with 4 stars for their mobile trading apps. However, HYCM has a slight advantage in ForexBrokers.com's ranking for mobile trading apps, coming in at #37 out of 62 brokers, whereas Xtrade is ranked #53. HYCM also allows users to create real-time watchlists on their app, a convenience not available with Xtrade. Overall, HYCM offers a more feature-rich experience for traders using mobile platforms.
| Feature |
HYCM (Henyep Capital Markets)
|
Xtrade
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of HYCM (Henyep Capital Markets) and Xtrade, both brokers provide daily market commentary and access to forex news from renowned sources like Bloomberg, Reuters, and Dow Jones. This ensures that traders using either platform stay informed on the latest market updates. However, HYCM distinguishes itself with the inclusion of research tools from Trading Central, allowing its users access to technical analytics, which is not available with Xtrade. Additionally, both brokers offer economic calendars, helping traders track global news events.
In terms of ratings, both HYCM and Xtrade receive 3.5 out of 5 stars for their research capabilities. Despite having similar ratings, HYCM holds a competitive advantage with a #35 ranking among 62 brokers by ForexBrokers.com, compared to Xtrade's #52 ranking in the same category. Neither broker provides tools from Autochartist, sentiment-based trading, or research tools from Acuity Trading and TipRanks, indicating room for improvement in these areas to enhance their market research offerings.
| Feature |
HYCM (Henyep Capital Markets)
|
Xtrade
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing educational resources for beginners, HYCM and Xtrade both provide a foundation of resources, but there are distinct differences. Both brokers offer a minimum of ten educational pieces about forex or CFDs, including articles and videos, making it easier for beginners to access basic information. However, when it comes to online client webinars, neither HYCM nor Xtrade provides live monthly sessions to extend real-time learning opportunities for users. Where HYCM pulls ahead is with its searchable archive of previously recorded webinars, offering users the chance to revisit past discussions at their convenience, a feature not available with Xtrade.
HYCM also excels in delivering educational content specifically targeted at beginners, with a collection of more than ten beginner-level videos that explore various trading topics. Xtrade falls short in this area, lacking a comparable selection. Both platforms provide an investor dictionary with over 50 investing terms, beneficial for familiarizing oneself with essential concepts and terminology. Based on ForexBrokers.com rankings, HYCM is placed higher in the education category, coming in at #32 out of 62 brokers, while Xtrade is ranked #46. Despite both receiving a 3.5-star rating for education, HYCM slightly edges out in terms of offerings and resources tailored for beginners.
| Feature |
HYCM (Henyep Capital Markets)
|
Xtrade
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| 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 Xtrade. HYCM (Henyep Capital Markets) finished with an overall rank of #29, while Xtrade finished with an overall rank of #59.
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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Xtrade
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 74 |
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Both HYCM (Henyep Capital Markets) and Xtrade do not offer the ability to purchase actual delivered cryptocurrency, but they do provide options for trading cryptocurrency derivatives.
Both HYCM (Henyep Capital Markets) and Xtrade do not support ACH, SEPA, or PayPal for deposits or withdrawals, but they do offer Skrill, Visa, Mastercard, and bank wire transfers as funding options for their trading accounts.
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) | Xtrade | |
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| Trust Score | 86 | 74 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | Xtrade Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | Xtrade | |
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| Regulation | HYCM (Henyep Capital Markets) | Xtrade | |
|---|---|---|---|
| Trust Score | 86 | 74 | |
| Year Founded | 1977 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | HYCM (Henyep Capital Markets) | Xtrade | |
|---|---|---|---|
| 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 | No | |
| 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) | Xtrade | |
|---|---|---|---|
| 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) | Xtrade | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1199 | 482 | |
| Forex Pairs (Total) | 70 | 56 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| 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) | Xtrade | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | N/A | |
| All-in Cost EUR/USD - Active | 0.6 | N/A | |
| 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) | Xtrade | |
|---|---|---|---|
| Minimum Deposit | $20 | $250 | |
| 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) | Xtrade | |
|---|---|---|---|
| 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) | Xtrade | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 7 | 9 | |
| Charting - Indicators / Studies (Total) | 30 | N/A | |
| Charting - Drawing Tools (Total) | 15 | 100 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | HYCM (Henyep Capital Markets) | Xtrade | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | No |
| Research | HYCM (Henyep Capital Markets) | Xtrade | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | Xtrade | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | Xtrade | |
|---|---|---|---|
| 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 | Xtrade Review |
| Overall | HYCM (Henyep Capital Markets) | Xtrade | |
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| Trust Score | 86 | 74 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | Xtrade Review |
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