Written by ForexBrokers.com
In this head to head comparison of HYCM (Henyep Capital Markets) vs Spreadex, 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 Spreadex, founded in 1999, are both online brokers that are private companies and not banks. On ForexBrokers.com’s 99-point Trust Score, HYCM scores 85, which falls in the “trusted” 80–89 range, while Spreadex scores 70, placing it in the “average risk” 70–79 range.
For regulation, HYCM holds two Tier-1 licenses (considered highly trusted by ForexBrokers.com) and one Tier-2 license (trusted). Spreadex holds one Tier-1 license and no Tier-2 licenses. Neither firm is publicly traded, but HYCM’s higher Trust Score and greater number of top-tier licenses may appeal to traders who want stronger oversight.
| Feature |
HYCM (Henyep Capital Markets)
|
Spreadex
|
|---|---|---|
| Year Founded | 1977 | 1999 |
| 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 | 0 |
HYCM (Henyep Capital Markets) offers a range of pricing options that can suit different types of traders. Its Raw account is the most competitive, with an all-in cost of about 0.6 pips on EUR/USD after commission. The Classic account is pricier, with variable spreads starting from 1.2 pips, while the fixed-spread account comes in at 1.5 pips. In ForexBrokers.com’s Commissions and Fees category, HYCM earns 4.5 out of 5 stars and ranks #18 out of 36 brokers.
Spreadex also keeps its pricing fairly tight, especially on EUR/USD. In January 2024, the average spread was 0.81 pips, and the minimum spread of 0.6 pips was available 60% of the time during the month. For commissions and fees, Spreadex is rated 4 out of 5 stars and is ranked #26 out of 36 brokers by ForexBrokers.com.
Overall, HYCM has the edge on ratings and ranking for commissions and fees, while Spreadex shows competitive average pricing on EUR/USD. Traders looking for the lowest possible costs may prefer HYCM’s Raw account, while those comparing typical spread levels may find Spreadex appealing as well.
| Feature |
HYCM (Henyep Capital Markets)
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $20 | $0 |
| Average spread (EUR/USD) - Standard account | 1.3 | 0.81 |
| All-in Cost EUR/USD - Active | 0.6 | N/A |
| 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) and Spreadex both let clients trade forex as CFDs, and both also offer cryptocurrency CFDs rather than actual crypto ownership. HYCM provides 70 forex pairs and 1,199 tradeable symbols in total, while Spreadex offers 52 forex pairs but a much larger overall list of around 10,000 tradeable symbols. If you want access to exchange-traded shares, HYCM stands out because it offers real stocks on both U.S. and international exchanges, such as Apple and Vodafone. Spreadex does not offer exchange-traded securities.
Neither broker supports copy trading, and neither lets you buy delivered cryptocurrency. For range of investments, Spreadex is rated higher overall, with 5 out of 5 stars and a ForexBrokers.com rank of 13th out of 36, compared with HYCM’s 4 out of 5 stars and 28th place. In simple terms, HYCM is the better choice for investors who want real shares, while Spreadex offers a wider total menu of tradable markets.
| Feature |
HYCM (Henyep Capital Markets)
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 10000 |
| Forex Pairs (Total) | 70 | 52 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | No | No |
| 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). |
Dive deeper: Best Copy Trading Platforms.
HYCM and Spreadex both give traders a free demo account, a web-based platform, and the ability to trade directly from charts, so each makes it easy to practice and place trades online. Both brokers also offer their own in-house trading platform, and neither supports copy trading. In ForexBrokers.com’s Trading Platforms and Tools review, each is rated 4 out of 5 stars, which puts them on similar footing for everyday platform use.
HYCM has the edge for active charting and desktop trading because it also offers a Windows download platform, plus both MetaTrader 4 and MetaTrader 5. Spreadex does not support MT4 or MT5, and it does not offer a Windows desktop platform, so its setup is more focused on browser-based trading. In the same category, HYCM ranks #33 out of 36 brokers, while Spreadex ranks #35, giving HYCM a slight advantage overall.
| Feature |
HYCM (Henyep Capital Markets)
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Copy Trading | No | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| Charting - Indicators / Studies (Total) | 30 | 58 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
HYCM (Henyep Capital Markets) and Spreadex both give mobile traders the basics they need, with iPhone and Android apps available on each platform. Each broker also offers stock and forex price alerts, and both let users draw trendlines on charts. When it comes to overall Mobile Trading Apps ratings, both brokers score 4 out of 5 stars, so neither has a clear lead on general app quality.
HYCM does have an edge in charting tools, offering 30 technical studies in its mobile app, while Spreadex does not list a number for this feature. HYCM also auto-saves chart drawings, which can be helpful if you switch screens or reopen the app later; Spreadex does not. Neither broker supports watchlist symbol syncing between the app and online account. In ForexBrokers.com’s mobile app ranking, HYCM places #31 out of 36 brokers, ahead of Spreadex at #34.
| Feature |
HYCM (Henyep Capital Markets)
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
HYCM and Spreadex both give traders the basics many people look for in market research. Each broker offers daily market commentary, forex news from well-known sources such as Bloomberg, Reuters, and Dow Jones, plus an economic calendar to track key global events. That means both platforms can help you stay informed about major market moves and upcoming data releases.
Where they differ is in the extra research tools they provide. HYCM includes Trading Central tools, while Spreadex offers Autochartist and a sentiment tool that shows the balance of long and short positions. In ForexBrokers.com’s Research category, Spreadex is rated slightly higher at 4 stars and ranked #28 out of 36 brokers, while HYCM scores 3.5 stars and ranks #30. Overall, Spreadex has the edge for research features, but HYCM still covers the core news and market updates most traders need.
| Feature |
HYCM (Henyep Capital Markets)
|
Spreadex
|
|---|---|---|
| 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 | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners looking for learning tools, both HYCM (Henyep Capital Markets) and Spreadex offer at least 10 beginner-friendly trading videos, so each platform gives new traders some basic support to get started. However, neither broker provides monthly live educational webinars, and neither offers at least 10 advanced videos for more experienced traders. In other words, both brokers cover the basics, but neither stands out for ongoing classroom-style learning or deeper advanced training.
When it comes to overall education quality, HYCM scores 3.5 out of 5 stars and ranks #27 out of 36 brokers for the Education category, while Spreadex earns 4 out of 5 stars but ranks #34. That means Spreadex is rated a little higher by stars, but HYCM holds the better position in the category ranking. For beginners comparing the two, both can be useful for introductory trading education, with Spreadex slightly ahead on rating and HYCM ahead on rank.
| Feature |
HYCM (Henyep Capital Markets)
|
Spreadex
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
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 Spreadex. HYCM (Henyep Capital Markets) finished with an overall rank of #26, while Spreadex finished with an overall rank of #33.
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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Spreadex
|
|---|---|---|
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| Trust Score | 85 | 70 |
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In an HYCM (Henyep Capital Markets) vs Spreadex comparison, neither broker lets you buy actual delivered cryptocurrencies, but both allow clients to buy/trade cryptocurrency CFDs.
Comparing HYCM (Henyep Capital Markets) vs Spreadex for deposits and withdrawals: both do not support ACH/SEPA or PayPal and both accept bank wire transfers, HYCM supports Skrill while Spreadex does not, and Visa/Mastercard availability is not specified for either broker.
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) | Spreadex | |
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| Trust Score | 85 | 70 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | Spreadex Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | Spreadex | |
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| Regulation | HYCM (Henyep Capital Markets) | Spreadex | |
|---|---|---|---|
| Trust Score | 85 | 70 | |
| Year Founded | 1977 | 1999 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | HYCM (Henyep Capital Markets) | Spreadex | |
|---|---|---|---|
| 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 | No |
| Tier-2 Licenses (Trusted) | HYCM (Henyep Capital Markets) | Spreadex | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | HYCM (Henyep Capital Markets) | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1199 | 10000 | |
| Forex Pairs (Total) | 70 | 52 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | No | No | |
| 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) | Spreadex | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.3 | 0.81 | |
| All-in Cost EUR/USD - Active | 0.6 | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | HYCM (Henyep Capital Markets) | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $20 | $0 | |
| 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) | Spreadex | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | No | No |
| Trading Tools | HYCM (Henyep Capital Markets) | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 58 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | HYCM (Henyep Capital Markets) | Spreadex | |
|---|---|---|---|
| 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 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | HYCM (Henyep Capital Markets) | Spreadex | |
|---|---|---|---|
| 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) | Spreadex | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | Spreadex | |
|---|---|---|---|
| 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 | Spreadex Review |
| Overall | HYCM (Henyep Capital Markets) | Spreadex | |
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| Trust Score | 85 | 70 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | Spreadex Review |
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