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HYCM (Henyep Capital Markets) vs Trade Nation 2024

ForexBrokers.com

Written by ForexBrokers.com

August 29, 2023

Is HYCM (Henyep Capital Markets) better than Trade Nation? In our analysis of 23 international regulators across 62 of the best forex brokers, HYCM is considered Trusted, with an overall Trust Score of 88 out of 99. Trade Nation is considered Average-Risk, with an overall Trust Score of 85 out of 99. Learn more about Trust Score.

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Overall Rating HYCM (Henyep Capital Markets) Trade Nation
Overall Rating info 4/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Offering of Investments 4/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3.5/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Trust Score info 88 85
Winner check_circle
Review HYCM (Henyep Capital Markets) Review Trade Nation Review
Broker Screenshots HYCM (Henyep Capital Markets) Trade Nation
Trading Platforms Gallery (click to expand) info
HYCM MT5 desktop trading platform HYCM MT5 desktop trading platform
Trade Nation client portal web dashboard Trade Nation MetaTrader 4 MT4 platform Trade Nation MetaTrader4 MT4 desktop trading platform software Trade Nation MetaTrader 4 MT4 platform charts Trade Nation MetaTrader 4 MT4 platform Signals market Trade Nation web platform Signal Centre dashboard Acuity Trading rows view Trade Nation web platform Signal Centre dashboard powered by Acuity detail Trade Nation web platform add signal to order ticket Trade Nation web platform trade ticket limit order Trade Nation web platform charting ChartIQ Trade Nation web platform expanded charts ChartIQ Trade Nation web platform signals detail Trade Nation web platform trading signals
Mobile Trading Gallery (click to expand) info
HYCM MT5 mobile trading app watchlist HYCM MT5 mobile trading charts HYCM MT5 mobile trading app HYCM MT5 mobile trading contract specifications HYCM MT5 mobile trading app economic calendar HYCM MT5 mobile trading app news headlines HYCM MT5 mobile trading app news headlines
Trade Nation mobile trading app watchlist Trade Nation mobile trading app trade ticket Trade Nation mobile trading app forex news curated Twitter channels Trade Nation mobile trading app forex news curated Tweets Trade Nation mobile trading app charting Trade Nation mobile trading app research Smart News Trade Nation mobile trading app Trading Centre signals from Acuity Trade Nation mobile trading app settings
Research Gallery (click to expand) info
HYCM Research MT5 news headlines HYCM client portal Analyst Views market analysis
Trade Nation YouTube channel video uploads Trade Nation research market update fundamental analysis article Trade Nation research web articles Trade Nation YouTube channel research trading insights playlists videos Trade Nation YouTube channel research playlists videos Trade Nation web platform smart news Trade Nation web platform Signal Centre dashboard powered by Acuity Trading Trade Nation MetaTrader 4 MT4 platform news headlines
Education Gallery (click to expand) info
HYCM YouTube channel videos. HYCM upcoming webinars registration page HYCM YouTube channel HYCM YouTube channel market research video playlist HYCM YouTube video playlist HYCM YouTube video webinars HYCM YouTube video webinars HYCM Research YouTube video playlist CNBC Arabia. HYCM Research YouTube video playlist detail.
Trade Nation YouTube channel videos Trade Nation YouTube channel video podcast Trade Nation YouTube channel playlists videos Trade Nation educational content Experts Explain series article detail Trade Nation educational articles Trade Nation youtube channel educational video detail
Regulation HYCM (Henyep Capital Markets) Trade Nation
Trust Score info 88 85
Year Founded info 1977 2014
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-1 Licenses info 3 2
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 2
Tier-1 Licenses (Highly Trusted) HYCM (Henyep Capital Markets) Trade Nation
Australia (ASIC Authorised) info No Yes
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info Yes No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-2 Licenses (Trusted) HYCM (Henyep Capital Markets) Trade Nation
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No Yes
UAE (DFSA/Central Bank Authorised) info Yes No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments HYCM (Henyep Capital Markets) Trade Nation
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1199 601
Forex Pairs (Total) info 70 28
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info No No
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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) Trade Nation
Average Spread EUR/USD - Standard info 0.6 info 0.6
All-in Cost EUR/USD - Active info 0.6 info 0.6
Active Trader or VIP Discounts info Yes No
Inactivity Fee info No No
Execution: Agency Broker info Yes No
Execution: Market Maker info Yes Yes
Funding HYCM (Henyep Capital Markets) Trade Nation
Minimum Deposit info $20 $0
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Trading Platforms HYCM (Henyep Capital Markets) Trade Nation
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info No No
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes No
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools HYCM (Henyep Capital Markets) Trade Nation
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 7 12
Charting - Indicators / Studies (Total) info 30 95
Charting - Drawing Tools (Total) info 15 36
Charting - Trade From Chart info Yes No
Charts can be saved info Yes No
Mobile Trading HYCM (Henyep Capital Markets) Trade Nation
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info No Yes
Mobile Charting - Indicators / Studies info 30 95
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes Yes
Mobile Economic Calendar info Yes No
Research HYCM (Henyep Capital Markets) Trade Nation
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info No No
Trading Central (Recognia) info Yes No
TipRanks info No No
Social Sentiment - Currency Pairs info No Yes
Economic Calendar info Yes No
Education HYCM (Henyep Capital Markets) Trade Nation
Education (Forex or CFDs) info No Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info No No
Investor Dictionary (Glossary) info Yes No
Major Forex Pairs HYCM (Henyep Capital Markets) Trade Nation
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review HYCM (Henyep Capital Markets) Review Trade Nation Review
Overall HYCM (Henyep Capital Markets) Trade Nation
Overall Rating info 4/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Offering of Investments 4/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3.5/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Trust Score info 88 85
Winner check_circle
Review HYCM (Henyep Capital Markets) Review Trade Nation Review
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HYCM (Henyep Capital Markets) vs Trade Nation Comparison

We’ve made it easy to compare the best forex brokers, side-by-side. Our editorial team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Our research is unbiased and independent; learn more about how we test. That same research and data powers our broker comparisons. Let's compare HYCM (Henyep Capital Markets) vs Trade Nation.

Can I trust HYCM (Henyep Capital Markets)?

HYCM is not publicly traded and does operate a bank. HYCM is authorised by three Tier-1 regulators (Highly Trusted), one Tier-2 regulator (Trusted), zero Tier-3 regulators (Average Risk), and one tier-4 regulator (High Risk). HYCM is authorised by the following Tier-1 regulators: the Securities Futures Commission (SFC), Financial Conduct Authority (FCA), and regulated in the European Union via the MiFID passporting system.

Can I trust Trade Nation?

Trade Nation is not publicly traded and does not operate a bank. Trade Nation is authorized by two Tier-1 regulators (Highly Trusted), one Tier-2 regulator (Trusted), zero Tier-3 regulators (Average Risk), and two Tier-4 regulators (High Risk). Trade Nation is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC) and Financial Conduct Authority (FCA).

Is HYCM (Henyep Capital Markets) good?

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). That said, HYCM offers a narrow range of symbols to forex and CFD traders.

Is Trade Nation good?

Trade Nation’s well-designed, easy-to-use trading app is an innovative trading platform that’s great for beginner forex and CFD traders. However, if you’re a seasoned trader, you may find that Trade Nation lacks advanced features compared to the best trading platforms.

What is the minimum deposit requirement for opening an account with HYCM (Henyep Capital Markets)?

To open a trading account with HYCM (Henyep Capital Markets), you'll need to make an initial minimum deposit of $20.

What is the minimum deposit requirement for opening an account with Trade Nation?

Trade Nation requires a minimum deposit of $0 before you can open an account and start trading.

What funding options does each broker offer?

It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. HYCM (Henyep Capital Markets) offers Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw) for banking, whereas Trade Nation provides Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw) and Skrill (Deposit/Withdraw). Neither have PayPal (Deposit/Withdraw).

Does HYCM (Henyep Capital Markets) or Trade Nation offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that Trade Nation offers better pricing overall for traders.

Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.

Is HYCM (Henyep Capital Markets) or Trade Nation safer for forex and CFDs trading?

At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that HYCM (Henyep Capital Markets) holds 3 global Tier-1 licenses, while Trade Nation holds 2. Both HYCM (Henyep Capital Markets) and Trade Nation hold 1 global Tier-2 licenses.

After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that HYCM (Henyep Capital Markets) (88) earned a higher Trust Score than Trade Nation (85).

Which trading platform is better: HYCM (Henyep Capital Markets) or Trade Nation?

To compare the trading platforms of both HYCM (Henyep Capital Markets) and Trade Nation, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, HYCM (Henyep Capital Markets) offers a better experience. With research, HYCM (Henyep Capital Markets) offers superior market research. Finally, we found HYCM (Henyep Capital Markets) to provide better mobile trading apps.

Here’s what trading platforms are available at HYCM (Henyep Capital Markets):

  • Proprietary Platform - Yes
  • Web Platform - Yes
  • cTrader - No
  • DupliTrade - No
  • MT4 - Yes
  • MT5 - Yes
  • ZuluTrade - No
  • TradingView - No
HYCM MT5 desktop trading platform HYCM MT5 desktop trading platform

Here’s what trading platforms are available at Trade Nation:

  • Proprietary Platform - Yes
  • Web Platform - Yes
  • cTrader - No
  • DupliTrade - No
  • MT4 - Yes
  • MT5 - No
  • ZuluTrade - No
  • TradingView - No
Trade Nation client portal web dashboard Trade Nation MetaTrader 4 MT4 platform Trade Nation MetaTrader4 MT4 desktop trading platform software Trade Nation MetaTrader 4 MT4 platform charts Trade Nation MetaTrader 4 MT4 platform Signals market Trade Nation web platform Signal Centre dashboard Acuity Trading rows view Trade Nation web platform Signal Centre dashboard powered by Acuity detail Trade Nation web platform add signal to order ticket Trade Nation web platform trade ticket limit order Trade Nation web platform charting ChartIQ Trade Nation web platform expanded charts ChartIQ Trade Nation web platform signals detail Trade Nation web platform trading signals

What about MetaTrader? How about copy trading?

The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Both HYCM (Henyep Capital Markets) and Trade Nation offer MetaTrader 4 (MT4). Forex traders also appreciate the ability to engage in social copy trading. Copy trading is not offered by either broker.

What can I trade with each broker?

HYCM (Henyep Capital Markets) provides traders 70 currency pairs (e.g., EUR/USD) compared to Trade Nation's 28 available pairs. If you are interested in trading CFDs, HYCM (Henyep Capital Markets) offers traders access to 1199 CFDs, while Trade Nation offers access to 601 CFDs; so HYCM (Henyep Capital Markets) offers 598 more CFDs than Trade Nation.

We found in our testing that HYCM (Henyep Capital Markets) offers a more diverse selection of investment options than Trade Nation, allowing you to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Int'l Stock Trading (Non CFD) and Cryptocurrency (Derivative). Neither have Cryptocurrency (Physical) and Social Trading / Copy Trading.

Overall winner: HYCM (Henyep Capital Markets)

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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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