Written by ForexBrokers.com
In this head to head comparison of eToro 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.
eToro and HYCM are regulated online brokers with different trust profiles. According to ForexBrokers.com, eToro holds a Trust Score of 97/99, placing it in the highly trusted 90–99 range, while HYCM scores 85/99, which is considered trusted (80–89). In terms of oversight, eToro holds four Tier-1 licenses and one Tier-2 license; HYCM holds two Tier-1 and one Tier-2 license. Tier-1 regulators are viewed as the most stringent by ForexBrokers.com, and Tier-2 regulators are also trusted.
Founded in 2007, eToro is publicly traded and is not a bank. HYCM, founded in 1977, is not publicly traded and is not a bank. Bottom line: eToro offers a higher third-party trust rating and more top-tier licenses, while HYCM brings a longer operating history.
| Feature |
eToro
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 2007 | 1977 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 2 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing commissions and fees, eToro is a market-maker broker with a typical variable spread of 1 pip on EUR/USD, which is slightly above the industry average. In plain terms, that means its trading costs are not the lowest, and many retail traders are drawn to eToro more for its social copy trading features than for cheap pricing. eToro earns 4 out of 5 stars for commissions and fees and ranks #23 out of 36 brokers in the ForexBrokers.com category.
HYCM (Henyep Capital Markets) offers a more price-focused setup, especially through its Raw account, which has an all-in EUR/USD cost of about 0.6 pips after commission. Its Classic account is less competitive at 1.2 pips variable spread, while the fixed-spread account comes in at 1.5 pips. HYCM is rated 4.5 out of 5 stars for commissions and fees and ranks #18 out of 36 brokers.
Overall, HYCM comes out ahead on pricing for traders who care most about lower trading costs, while eToro stands out more for its platform and copy trading experience. For fees alone, HYCM is the better-value choice, but eToro may still appeal to traders who prioritize social trading tools over spread costs.
| Feature |
eToro
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $20 |
| Average spread (EUR/USD) - Standard account | 1 | 1.3 |
| All-in Cost EUR/USD - Active | 1 | 0.6 |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
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When it comes to range of investments, eToro offers a wider selection than HYCM (Henyep Capital Markets). eToro provides access to 7,441 tradeable symbols and 65 forex pairs, while HYCM offers 1,199 tradeable symbols and 70 forex pairs. Both brokers let you trade forex as a CFD or spot contract, and both also offer exchange-traded securities on U.S. and international exchanges, so you can buy shares in companies listed in markets such as the Nasdaq and the London Stock Exchange.
eToro stands out for a few extra choices that HYCM does not match. It supports copy trading and lets clients buy actual cryptocurrency, not just crypto CFDs, which may appeal to beginners and investors who want more ways to diversify. These differences help explain why eToro is rated 5 stars and ranked #10 out of 36 brokers for Range of Investments, compared with HYCM’s 4-star rating and #28 ranking.
| Feature |
eToro
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7441 | 1199 |
| Forex Pairs (Total) | 65 | 70 |
| U.S. Stocks (Shares) | Yes | Yes |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | Yes | No |
| Cryptocurrency (CFDs) | 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 trading platforms and tools, eToro and HYCM both give traders access to a free demo account, a web-based platform, and their own in-house platform. Both also let users trade directly from charts, which can make placing trades quicker and easier. eToro stands out for social trading, since it offers copy trading, while HYCM does not.
HYCM has an edge for desktop users because it offers a Windows-based download platform and supports both MetaTrader 4 and MetaTrader 5, while eToro does not. In overall ratings, eToro scores higher for trading platforms and tools with 4.5 out of 5 stars and ranks #8 out of 36 brokers on ForexBrokers.com, compared with HYCM’s 4 stars and #33 rank. For traders choosing between the two, eToro may appeal more to those who want copy trading, while HYCM may suit users who prefer MetaTrader and desktop software.
| Feature |
eToro
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 106 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing eToro and HYCM (Henyep Capital Markets) for mobile trading, both brokers make it easy to trade on the go with iPhone and Android apps, plus stock and forex price alerts. Both apps also let users draw trendlines on charts, which can help with basic chart reading. Where eToro stands out is watchlist syncing: changes made in the mobile app carry over to the online account, while HYCM does not offer this feature. eToro also gives mobile users far more chart tools, with 104 technical studies compared with HYCM’s 30.
For everyday use, HYCM has one handy edge because its mobile app auto-saves chart drawings, while eToro does not. Even so, eToro comes out ahead overall in this category, with a 4.5-star Mobile Trading Apps rating and a #10 ranking out of 36 brokers from ForexBrokers.com. HYCM is rated 4 stars and ranks #31, so while both brokers offer solid mobile access, eToro provides the more complete app experience for most traders.
| Feature |
eToro
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 104 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | Yes |
Dive deeper: Best Forex Trading Apps.
eToro and HYCM both give traders useful market research basics, including daily market commentary, forex news from top names like Bloomberg and Reuters, and an economic calendar that tracks upcoming global events. That said, eToro stands out with extra research features such as sentiment data that shows long and short positioning across instruments and market research from TipRanks, which can help traders follow market trends and ideas more easily.
HYCM, on the other hand, offers Trading Central tools, which eToro does not, giving it an edge for traders who want more built-in technical analysis support. Still, eToro has the stronger overall research offering, with a 4.5-star Research rating and a #12 ranking out of 36 brokers from ForexBrokers.com, compared with HYCM’s 3.5 stars and #30 ranking.
| Feature |
eToro
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central | No | Yes |
| Client sentiment data | Yes | No |
| TipRanks | Yes | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners looking for trading education, eToro has a clear edge over HYCM (Henyep Capital Markets). eToro offers forex and CFDs learning content, at least one online educational webinar each month, and a strong library of beginner-friendly videos, plus advanced videos for traders who want to keep learning. That helps make it a better fit for new traders who want steady support and a wider range of lessons. It is also rated 4.5 out of 5 stars for Education and ranks #3 out of 36 brokers in the ForexBrokers.com Education category.
HYCM also provides beginner trading videos and forex or CFDs education, but it does not offer monthly educational webinars and falls behind eToro in advanced video content. While it still gives beginners some useful learning material, its overall education offering is less complete. HYCM is rated 3.5 out of 5 stars for Education and ranks #27 out of 36 brokers, which suggests it may be a better choice for traders who need basic lessons rather than a fuller learning experience.
| Feature |
eToro
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that eToro is better than HYCM (Henyep Capital Markets). eToro finished with an overall rank of #9, while HYCM (Henyep Capital Markets) finished with an overall rank of #26.
eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.
| Feature |
eToro
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HYCM (Henyep Capital Markets)
|
|---|---|---|
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| Trust Score | 97 | 85 |
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In the eToro vs HYCM (Henyep Capital Markets) comparison, online broker eToro lets you buy real (delivered) cryptocurrencies and trade crypto CFDs, while HYCM offers cryptocurrency CFDs only and does not support purchasing actual coins.
eToro offers broader deposit and withdrawal options—ACH/SEPA transfers, PayPal, Skrill, and bank wires—while HYCM (Henyep Capital Markets) supports Skrill and bank wire transfers but not ACH/SEPA or PayPal.
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 | eToro | HYCM (Henyep Capital Markets) | |
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| Trust Score | 97 | 85 | |
| Winner | check_circle | ||
| Review | eToro Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | eToro | HYCM (Henyep Capital Markets) | |
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| Regulation | eToro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trust Score | 97 | 85 | |
| Year Founded | 2007 | 1977 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 4 | 2 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | eToro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | |||
| 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) | eToro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | eToro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 7441 | 1199 | |
| Forex Pairs (Total) | 65 | 70 | |
| U.S. Stocks (Shares) | Yes | Yes | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | Yes | No | |
| Cryptocurrency (CFDs) | 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 | eToro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1 | 1.3 | |
| All-in Cost EUR/USD - Active | 1 | 0.6 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | eToro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $20 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | eToro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No |
| Trading Tools | eToro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 106 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 104 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - Economic Calendar | No | Yes |
| Research | eToro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central | No | Yes | |
| TipRanks | Yes | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | eToro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | eToro | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | eToro Review | HYCM (Henyep Capital Markets) Review |
| Overall | eToro | HYCM (Henyep Capital Markets) | |
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| Trust Score | 97 | 85 | |
| Winner | check_circle | ||
| Review | eToro Review | HYCM (Henyep Capital Markets) Review |
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