Written by ForexBrokers.com
In this head to head comparison of HYCM (Henyep Capital Markets) vs IFC Markets, 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 IFC Markets, founded in 2006, are both online brokers that are not publicly traded and are not banks. According to ForexBrokers.com, HYCM holds a Trust Score of 85, placing it in the “trusted” range (80–89), while IFC Markets scores 73, which falls into the “average risk” range (70–79).
In terms of regulation, HYCM holds 2 Tier-1 licenses (highly trusted) and 1 Tier-2 license (trusted). IFC Markets holds 1 Tier-1 license and no Tier-2 licenses. This stronger licensing profile helps explain HYCM’s higher Trust Score compared to IFC Markets.
| Feature |
HYCM (Henyep Capital Markets)
|
IFC Markets
|
|---|---|---|
| Year Founded | 1977 | 2006 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 5 |
HYCM (Henyep Capital Markets) has the edge on commissions and fees when compared with IFC Markets. HYCM’s Raw account offers an all-in cost of about 0.6 pips on EUR/USD after commission, while its Classic account starts from 1.2 pips and its fixed-spread account is listed at 1.5 pips. That pricing helped HYCM earn a 4.5-star rating and a #18 ranking out of 36 brokers for commissions and fees.
IFC Markets is a bit less competitive on standard pricing, with an average EUR/USD spread of 1.44, which is above the industry average of 1.08. Its newer ECN account improves the picture for active traders, with an effective cost of about 1.1 pips after the 0.005% commission charged on both sides of the trade. IFC Markets also stands out for having no inactivity fee and offering active trader discounts, but it still trails HYCM overall.
Overall, both brokers offer options that can suit different trading styles, but HYCM is the stronger choice for lower commissions and fees. IFC Markets may appeal to traders who value its ECN pricing and extra cost-saving features, yet its 4-star rating and #33 ranking show it is not as competitive as HYCM in this category.
| Feature |
HYCM (Henyep Capital Markets)
|
IFC Markets
|
|---|---|---|
| Minimum Deposit | $20 | $1 |
| Average spread (EUR/USD) - Standard account | 1.3 | 1.44 |
| 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 | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
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HYCM (Henyep Capital Markets) offers a wider range of investments than IFC Markets, with 1,199 tradeable symbols compared with 630. It also lists more forex pairs, giving traders 70 choices versus 49 at IFC Markets. Both brokers support forex trading through CFDs or spot contracts, and both offer cryptocurrency CFDs, but neither lets you buy actual, delivered crypto.
HYCM has an edge for share investing too, since it offers exchange traded securities on both U.S. and international exchanges, while IFC Markets only offers international exchange-listed shares. IFC Markets does have one notable extra: copy trading, which HYCM does not provide. Based on this range of products, HYCM is rated 4 out of 5 stars and ranked #28 out of 36 by ForexBrokers.com, while IFC Markets is rated 3.5 stars and ranked #32.
| Feature |
HYCM (Henyep Capital Markets)
|
IFC Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 630 |
| Forex Pairs (Total) | 70 | 49 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| 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). |
Dive deeper: Best Copy Trading Platforms.
HYCM (Henyep Capital Markets) and IFC Markets both give traders a wide set of platform choices, including a free demo account, a proprietary platform, Windows desktop software, web-based trading, MetaTrader 4, and MetaTrader 5. Both brokers also let you place trades directly from a chart, which can make it easier to react quickly while analyzing price movements.
The main difference is copy trading: IFC Markets offers it, while HYCM does not. For Trading Platforms and Tools, both brokers are rated 4 out of 5 stars, but IFC Markets places slightly higher in ForexBrokers.com’s ranking, coming in at #30 out of 36 brokers compared with HYCM at #33.
| Feature |
HYCM (Henyep Capital Markets)
|
IFC Markets
|
|---|---|---|
| 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 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
HYCM (Henyep Capital Markets) and IFC Markets both make it easy to trade on the go, since each broker offers iPhone and Android apps, price alerts, and 30 technical studies for charting. In both apps, traders can also draw trendlines and have those drawings saved automatically, which is helpful for keeping chart work intact between sessions. Each broker is rated 4 out of 5 stars for mobile trading apps, so they are fairly even on the basics.
The main difference is watchlist syncing. IFC Markets lets watchlists sync between the mobile app and the online account, so changes show up in both places, while HYCM does not offer that feature. In ForexBrokers.com’s mobile trading apps category, HYCM ranks #31 out of 36 brokers, while IFC Markets ranks #35 out of 36. This gives HYCM a slight edge overall for mobile app experience, even though both brokers offer a similar set of tools.
| Feature |
HYCM (Henyep Capital Markets)
|
IFC Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
HYCM (Henyep Capital Markets) and IFC Markets are fairly close when it comes to market research, with both offering daily market commentary and an economic calendar to help traders track major news events. Each broker also carries the same research rating from ForexBrokers.com, at 3.5 out of 5 stars, which suggests a similar overall experience for everyday market updates. In the broader ranking, HYCM places just ahead of IFC Markets, coming in at #30 out of 36 brokers for Research, while IFC Markets is ranked #31.
The main differences come down to the type of extra research tools each broker provides. HYCM stands out for offering forex news from top-tier sources like Reuters, Bloomberg, and Dow Jones, plus Trading Central tools for technical analysis. IFC Markets does not offer those news feeds or Trading Central, but it does provide a sentiment tool that shows the share of long and short positions, which HYCM does not. Neither broker offers Autochartist, TipRanks, or Acuity Trading research tools, so the choice may depend on whether you value premium news and technical signals or sentiment data.
| Feature |
HYCM (Henyep Capital Markets)
|
IFC Markets
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central | Yes | No |
| Client sentiment data | No | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to beginner-friendly learning tools, both HYCM (Henyep Capital Markets) and IFC Markets give new traders a decent place to start. Each broker offers at least 10 beginner education videos that cover trading basics, which can help first-time users learn how forex and CFD trading works. Neither broker offers monthly live educational webinars, so beginners looking for regular classroom-style sessions will need to look elsewhere.
For more advanced learning, IFC Markets has the edge because it offers at least 10 advanced educational videos, while HYCM does not. That said, both brokers are rated 3.5 out of 5 stars for Education, with IFC Markets ranked slightly higher by ForexBrokers.com at #25 compared with HYCM’s #27 out of 36 brokers. Overall, IFC Markets has a small advantage for traders who want to keep learning beyond the basics, but both brokers provide a similar starting point for beginners.
| Feature |
HYCM (Henyep Capital Markets)
|
IFC Markets
|
|---|---|---|
| Webinars | No | No |
| 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 IFC Markets. HYCM (Henyep Capital Markets) finished with an overall rank of #26, while IFC Markets finished with an overall rank of #34.
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)
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IFC Markets
|
|---|---|---|
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| Trust Score | 85 | 73 |
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In a HYCM (Henyep Capital Markets) vs IFC Markets comparison for crypto trading, neither broker lets you buy actual (delivered) cryptocurrencies, but both offer cryptocurrency CFDs for speculative trading.
Comparing online brokers HYCM (Henyep Capital Markets) and IFC Markets for deposit and withdrawal methods: both do not offer ACH/SEPA or PayPal, both support bank wire transfers, HYCM additionally supports Skrill (IFC Markets does not), and Visa/Mastercard availability for both 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) | IFC Markets | |
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| Trust Score | 85 | 73 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | IFC Markets | |
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| Regulation | HYCM (Henyep Capital Markets) | IFC Markets | |
|---|---|---|---|
| Trust Score | 85 | 73 | |
| Year Founded | 1977 | 2006 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | ||
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 5 |
| Tier-1 Licenses (Highly Trusted) | HYCM (Henyep Capital Markets) | IFC Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | ||
| Canada (CIRO Authorised) | No | ||
| Hong Kong (SFC Authorised) | Yes | ||
| Japan (FSA Authorised) | No | ||
| Singapore (MAS Authorised) | No | ||
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | ||
| USA (CFTC Authorized) | No | ||
| New Zealand (FMA Authorised) | No | ||
| Regulated in one or more EU or EEA countries (MiFID). | No |
| Tier-2 Licenses (Trusted) | HYCM (Henyep Capital Markets) | IFC Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | ||
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | ||
| India (SEBI Authorised) | No | ||
| Jordan (JSC Authorised) |
| Investments | HYCM (Henyep Capital Markets) | IFC Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1199 | 630 | |
| Forex Pairs (Total) | 70 | 49 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| 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). |
| Cost | HYCM (Henyep Capital Markets) | IFC Markets | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.3 | 1.44 | |
| All-in Cost EUR/USD - Active | 0.6 | 1.1 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | HYCM (Henyep Capital Markets) | IFC Markets | |
|---|---|---|---|
| Minimum Deposit | $20 | $1 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | HYCM (Henyep Capital Markets) | IFC Markets | |
|---|---|---|---|
| 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) | IFC Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | HYCM (Henyep Capital Markets) | IFC Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | HYCM (Henyep Capital Markets) | IFC Markets | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central | Yes | No | |
| TipRanks | No | No | |
| Client sentiment data | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | IFC Markets | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | IFC Markets | |
|---|---|---|---|
| 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 |
| Overall | HYCM (Henyep Capital Markets) | IFC Markets | |
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| Trust Score | 85 | 73 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review |
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