Written by ForexBrokers.com
In this head to head comparison of Tickmill 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.
Tickmill (founded 2014) and HYCM (Henyep Capital Markets, founded 1977) are both online brokers that are not publicly traded and are not banks. Each holds a ForexBrokers.com Trust Score of 85 out of 99, which falls in the “trusted” range (80–89 on the scale).
On regulation, both brokers hold two Tier-1 licenses (considered highly trusted by ForexBrokers.com). Tickmill also holds two Tier-2 licenses, while HYCM holds one Tier-2 license. In practical terms, both offer strong top-tier oversight, with Tickmill carrying one additional mid-tier license compared to HYCM.
| Feature |
Tickmill
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 2014 | 1977 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
Tickmill and HYCM (Henyep Capital Markets) both score highly for commissions and fees, with each broker earning 4.5 out of 5 stars. Still, Tickmill comes out ahead in the rankings, placing #10 out of 36 brokers for this category, while HYCM ranks #18 out of 36. For cost-conscious traders, that makes Tickmill the stronger pick overall, especially for those who trade often.
Tickmill offers two main account types: Classic and Raw. The Classic account has no commission, but its spreads are wider, averaging 1.76 pips as of August 2023. The Raw account is built for lower trading costs, with commissions of $3 per side per standard lot and typical EUR/USD spreads of 0.11 pips under normal market conditions. Even after the commission, the all-in cost is still low, which helps explain why Tickmill is seen as a good option for active traders.
HYCM also offers competitive pricing, but its setup is a little less attractive for most traders. Its Raw account has an all-in EUR/USD cost of about 0.6 pips after commission, while the Classic account starts from 1.2 pips and the fixed-spread account is 1.5 pips. In simple terms, HYCM is still reasonably priced, but Tickmill generally offers the better mix of low spreads and overall trading cost.
| Feature |
Tickmill
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $100 | $20 |
| Average spread (EUR/USD) - Standard account | 1.70 | 1.3 |
| All-in Cost EUR/USD - Active | 0.70 | 0.6 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
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Tickmill and HYCM (Henyep Capital Markets) both let traders access forex as CFDs or spot contracts, but HYCM offers a wider overall range of investments. Tickmill provides 637 tradeable symbols and 62 forex pairs, while HYCM offers 1,199 tradeable symbols and 70 forex pairs. HYCM also gives clients access to actual exchange-traded shares on both U.S. and international markets, such as Apple and Vodafone, while Tickmill does not offer direct share dealing on these exchanges.
When it comes to extra features, Tickmill supports copy trading, while HYCM does not. Both brokers offer cryptocurrency CFDs, but neither lets clients buy real crypto assets. Overall, HYCM is rated higher for range of investments, with 4 out of 5 stars and a ForexBrokers.com ranking of #28 out of 36, compared with Tickmill’s 3.5 stars and #31 ranking.
| Feature |
Tickmill
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 637 | 1199 |
| Forex Pairs (Total) | 62 | 70 |
| U.S. Stocks (Shares) | No | Yes |
| Global Stocks (Non-U.S. Shares) | No | Yes |
| Copy Trading | Yes | 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.
Tickmill and HYCM (Henyep Capital Markets) both give traders a strong set of platform choices, including free demo accounts, Windows desktop downloads, web-based trading, MetaTrader 4, MetaTrader 5, and the ability to trade directly from charts. Both brokers also earn 4 out of 5 stars for Trading Platforms and Tools, so each offers a similar overall experience for everyday trading needs.
The main difference is that HYCM offers its own in-house trading platform, while Tickmill does not. Tickmill, however, stands out for copy trading, which HYCM does not provide. In ForexBrokers.com’s rankings for Trading Platforms and Tools, Tickmill places higher at #24 out of 36 brokers, compared with HYCM at #33, giving Tickmill a slight edge in this category.
| Feature |
Tickmill
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 97 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Tickmill and HYCM (Henyep Capital Markets) both make mobile trading easy by offering iPhone and Android apps, and each earns a 4-star rating for mobile trading apps. Both platforms also let users draw trendlines on charts, so traders can analyze price movement on the go. That said, Tickmill stands out for charting depth, with 97 technical studies in its mobile app compared with HYCM’s 30. Tickmill also supports watchlist symbol syncing between the app and the online account, which makes it simpler to keep track of saved symbols across devices.
HYCM has a few mobile features that Tickmill does not. It offers stock and forex price alerts, which can help traders react faster to market moves, and it auto-saves chart drawings so users do not have to set them up again later. In ForexBrokers.com’s mobile trading apps rankings, Tickmill places higher at #25 out of 36 brokers, while HYCM comes in at #31. Overall, Tickmill is stronger for charting and watchlist sync, while HYCM has the edge for alerts and saved drawings.
| Feature |
Tickmill
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | No | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 97 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, Tickmill and HYCM both give traders daily market commentary and an economic calendar to track upcoming global events. HYCM has an edge in news coverage because it offers forex news from top-tier sources such as Bloomberg, Reuters, and Dow Jones, while Tickmill does not. Tickmill also stands out for offering Acuity Trading tools such as Signal Centre, which HYCM does not provide.
HYCM, however, offers Trading Central research tools, giving it an extra layer of chart and trade analysis that Tickmill lacks. Neither broker includes Autochartist, sentiment-based trading tools, or TipRanks research. Based on ForexBrokers.com, Tickmill earns 4 out of 5 stars for research and ranks #19 out of 36 brokers, compared with HYCM’s 3.5 stars and #30 ranking, making Tickmill the stronger overall pick for market research.
| Feature |
Tickmill
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | No | No |
| Trading Central | No | Yes |
| Client sentiment data | No | No |
| TipRanks | No | No |
| Acuity Trading | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners looking for trading education, Tickmill comes out ahead of HYCM (Henyep Capital Markets) overall. Tickmill offers forex and CFD learning content, monthly educational webinars, at least 10 beginner-focused videos, and also 10 or more advanced videos for traders who want to go further. That wider mix helps new traders start with the basics and keep learning as they gain experience. Tickmill is rated 4 out of 5 stars for Education and is ranked #14 out of 36 brokers by ForexBrokers.com in this category.
HYCM also gives beginners access to at least 10 beginner trading videos, but its education offering is more limited in key areas. It does not provide monthly educational webinars, and it does not appear to meet the minimum for forex or CFDs education or for advanced educational videos. As a result, HYCM is rated 3.5 out of 5 stars for Education and is ranked #27 out of 36 brokers by ForexBrokers.com, making Tickmill the stronger choice for beginner-friendly learning resources.
| Feature |
Tickmill
|
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 Tickmill is better than HYCM (Henyep Capital Markets). Tickmill finished with an overall rank of #23, while HYCM (Henyep Capital Markets) finished with an overall rank of #26.
Tickmill is a run-of-the-mill MetaTrader broker that offers a limited selection of tradeable securities. The broker does offer very competitive commission-based pricing for professionals through its VIP and Pro accounts.
| Feature |
Tickmill
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
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| Trust Score | 85 | 85 |
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Tickmill and HYCM (Henyep Capital Markets) are online brokers that do not support buying actual (delivered) cryptocurrencies, but both offer cryptocurrency CFD trading.
Tickmill vs HYCM: both lack ACH/SEPA but support Skrill and bank wires, Tickmill uniquely offers PayPal while HYCM does not, and Visa/Mastercard availability is not specified for either.
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 | Tickmill | HYCM (Henyep Capital Markets) | |
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| Trust Score | 85 | 85 | |
| Winner | check_circle | ||
| Review | Tickmill Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | Tickmill | HYCM (Henyep Capital Markets) | |
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| Regulation | Tickmill | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trust Score | 85 | 85 | |
| Year Founded | 2014 | 1977 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | Tickmill | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| 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). | Yes | No |
| Tier-2 Licenses (Trusted) | Tickmill | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Tickmill | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 637 | 1199 | |
| Forex Pairs (Total) | 62 | 70 | |
| U.S. Stocks (Shares) | No | Yes | |
| Global Stocks (Non-U.S. Shares) | No | Yes | |
| Copy Trading | Yes | 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 | Tickmill | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.70 | 1.3 | |
| All-in Cost EUR/USD - Active | 0.70 | 0.6 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Tickmill | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | $100 | $20 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | Tickmill | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | Tickmill | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | No | Yes | |
| Charting - Indicators / Studies (Total) | 97 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Tickmill | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | No | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 97 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - Economic Calendar | No | Yes |
| Research | Tickmill | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | No | No | |
| Trading Central | No | Yes | |
| TipRanks | No | No | |
| Client sentiment data | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Tickmill | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | Tickmill | 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 | Tickmill Review | HYCM (Henyep Capital Markets) Review |
| Overall | Tickmill | HYCM (Henyep Capital Markets) | |
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| Trust Score | 85 | 85 | |
| Winner | check_circle | ||
| Review | Tickmill Review | HYCM (Henyep Capital Markets) Review |
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