Written by ForexBrokers.com
In this head to head comparison of HYCM (Henyep Capital Markets) vs HFM, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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HYCM (Henyep Capital Markets), founded in 1977, and HFM, founded in 2010, are online brokers that are not publicly traded and are not banks. For regulation, both brokers hold two Tier-1 licenses (the highest level per ForexBrokers.com). HYCM also holds one Tier-2 license, while HFM holds three Tier-2 licenses.
Per ForexBrokers.com, a Trust Score of 90–99 is highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, and 59 or below not trusted. HYCM and HFM each have a Trust Score of 85 out of 99, placing both in the trusted category.
| Feature |
HYCM (Henyep Capital Markets)
|
HFM
|
|---|---|---|
| Year Founded | 1977 | 2010 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 1 | 3 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing commissions and fees, HYCM (Henyep Capital Markets) comes out ahead of HFM. HYCM earns 4.5 out of 5 stars and ranks #18 out of 36 brokers for this category. Its Raw account is the most cost-friendly option, with an estimated all-in cost of about 0.6 pips on EUR/USD after commission. The Classic account is less competitive, with variable spreads starting from 1.2 pips, while the fixed-spread account lists a spread of 1.5 pips.
HFM is still reasonably priced, but its trading costs are slightly above the industry average overall. It is rated 4 out of 5 stars and ranked #29 out of 36 for commissions and fees. HFM says its standard accounts typically have a 1.2-pip spread, though it does not provide a date range for that figure, so the true average could be higher. Its Zero account shows an effective spread of 0.7 pips after commission, but that is also not presented as an average.
In short, both brokers offer lower-cost account options, but HYCM has the better overall edge for commissions and fees based on its higher star rating and stronger ranking. For traders focused on keeping costs down, HYCM’s Raw account appears to be the more attractive choice.
| Feature |
HYCM (Henyep Capital Markets)
|
HFM
|
|---|---|---|
| Minimum Deposit | $20 | $0 |
| Average spread (EUR/USD) - Standard account | 1.3 | 1.8 |
| All-in Cost EUR/USD - Active | 0.6 | 1.1 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
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HYCM (Henyep Capital Markets) and HFM both let clients trade forex as CFDs or spot contracts, and both offer cryptocurrency CFDs rather than real crypto. Where HYCM stands out is choice: it lists 1,199 tradeable symbols and 70 forex pairs, compared with HFM’s 344 symbols and 38 forex pairs. HYCM also offers exchange traded securities on both U.S. and international markets, so investors can buy real shares such as Apple or Vodafone, while HFM does not offer these stock investments.
HFM’s main edge is copy trading, which HYCM does not provide. In ForexBrokers.com’s Range of Investments category, both brokers are rated 4 out of 5 stars, with HYCM ranked #28 out of 36 brokers and HFM ranked #29. Overall, HYCM offers a wider selection of markets, while HFM may appeal more to traders who want copy trading.
| Feature |
HYCM (Henyep Capital Markets)
|
HFM
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 344 |
| Forex Pairs (Total) | 70 | 38 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | No | Yes |
| Cryptocurrency (Underlying) | No | 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). |
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HYCM (Henyep Capital Markets) and HFM both give traders a wide range of platform choices, including free demo accounts, their own in-house platforms, desktop downloads for Windows, and browser-based trading. They also both support MetaTrader 4 and MetaTrader 5, and each lets users trade directly from a chart. Based on ForexBrokers.com, both brokers are rated 4 out of 5 stars for Trading Platforms and Tools, with HYCM ranked #33 out of 36 and HFM close behind at #34.
The biggest difference is copy trading: HFM offers it, while HYCM does not. For traders who want to follow and copy other investors, that may make HFM more appealing. For most other platform needs, though, the two brokers look very similar, so the better fit may come down to whether copy trading matters to you.
| Feature |
HYCM (Henyep Capital Markets)
|
HFM
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 30 | 38 |
| Charting - Trade From Chart | Yes | Yes |
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HYCM (Henyep Capital Markets) and HFM both make it easy to trade on the go, since each offers iPhone and Android apps plus price alerts for stocks and forex. Both apps also let users draw trendlines on charts and automatically save those drawings. Neither broker offers watchlist symbol syncing, so changes made in the mobile app do not carry over to the online account, and vice versa.
Where HYCM stands out is charting: its mobile app includes 30 technical studies, compared with just 5 on HFM’s app. Even so, both brokers receive the same 4-star rating for mobile trading apps. In ForexBrokers.com’s ranking out of 36 brokers, HYCM places slightly higher at #31, while HFM comes in at #33.
| Feature |
HYCM (Henyep Capital Markets)
|
HFM
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 5 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, both HYCM (Henyep Capital Markets) and HFM give traders useful basics such as daily market commentary, forex news from major sources like Bloomberg and Reuters, and an economic calendar for tracking important events. That said, each broker leans on different research tools. HYCM includes Trading Central, which can help with technical and fundamental ideas, while HFM offers Autochartist, sentiment data that shows how traders are positioned, and Acuity Trading’s Signal Centre.
Overall, HFM has the edge for research, with a higher 4-star rating versus HYCM’s 3.5 stars and a stronger ranking of #18 out of 36 brokers compared with HYCM’s #30. In simple terms, both brokers cover the main news and calendar needs, but HFM provides a wider mix of research tools, while HYCM still stands out for Trading Central.
| Feature |
HYCM (Henyep Capital Markets)
|
HFM
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central | Yes | No |
| Client sentiment data | No | Yes |
| TipRanks | No | No |
| Acuity Trading | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing HYCM (Henyep Capital Markets) and HFM for beginner trading education, both brokers give new traders a helpful starting point. Each offers at least 10 beginner-focused videos on trading topics, which makes it easier to learn the basics of forex and CFDs at your own pace. HYCM also earns a 3.5-star Education rating from ForexBrokers.com and ranks #27 out of 36 brokers, while HFM is rated slightly higher at 4 stars but sits lower at #29 in the same category.
The bigger difference shows up as traders become more experienced. HFM offers at least 10 advanced educational videos and also runs online educational client webinars at least once a month, giving learners more chances to keep building skills. HYCM does not offer monthly educational webinars and does not meet the advanced video threshold. In short, HYCM is a solid option for beginners, but HFM provides a wider range of learning support for traders who want to move beyond the basics.
| Feature |
HYCM (Henyep Capital Markets)
|
HFM
|
|---|---|---|
| Webinars | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that HYCM (Henyep Capital Markets) is better than HFM. HYCM (Henyep Capital Markets) finished with an overall rank of #26, while HFM finished with an overall rank of #27.
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).
| Feature |
HYCM (Henyep Capital Markets)
|
HFM
|
|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 85 |
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HYCM (Henyep Capital Markets) vs HFM: neither broker allows purchasing actual delivered cryptocurrencies, but both provide cryptocurrency CFD trading.
HYCM (Henyep Capital Markets) vs HFM: for deposit and withdrawal methods, neither supports ACH/SEPA or PayPal, both support Skrill and bank wire transfers, and Visa/Mastercard availability is not specified.
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) | HFM | |
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| Trust Score | 85 | 85 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | HFM Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | HFM | |
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| Regulation | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| Trust Score | 85 | 85 | |
| Year Founded | 1977 | 2010 | |
| 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 | 3 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | 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). | No | Yes |
| Tier-2 Licenses (Trusted) | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1199 | 344 | |
| Forex Pairs (Total) | 70 | 38 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | No | Yes | |
| Cryptocurrency (Underlying) | No | 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 | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.3 | 1.8 | |
| All-in Cost EUR/USD - Active | 0.6 | 1.1 | |
| Inactivity Fee | No | Yes | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| Minimum Deposit | $20 | $0 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 38 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 5 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central | Yes | No | |
| TipRanks | No | No | |
| Client sentiment data | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| Webinars | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | HFM | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | HYCM (Henyep Capital Markets) Review | HFM Review |
| Overall | HYCM (Henyep Capital Markets) | HFM | |
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| Trust Score | 85 | 85 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | HFM Review |
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