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HYCM (Henyep Capital Markets) vs Xtrade 2024

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Written by ForexBrokers.com

August 29, 2023

Is HYCM (Henyep Capital Markets) better than Xtrade? 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. Xtrade is considered trusted, with an overall Trust Score of 80 out of 99. Learn more about Trust Score.

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Compare

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Overall Rating HYCM (Henyep Capital Markets) Xtrade
Overall Rating info 4/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 2.5/5 Stars
Offering of Investments 4/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 3/5 Stars
Mobile Trading 4/5 Stars 3/5 Stars
Research 4/5 Stars 3/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Trust Score info 88 80
Winner check_circle
Review HYCM (Henyep Capital Markets) Review
Broker Screenshots HYCM (Henyep Capital Markets) Xtrade
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation HYCM (Henyep Capital Markets) Xtrade
Trust Score info 88 80
Year Founded info 1977 2003
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info Yes
Tier-1 Licenses info 3 2
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1
Tier-1 Licenses (Highly Trusted) HYCM (Henyep Capital Markets) Xtrade
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 No
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 Yes
Tier-2 Licenses (Trusted) HYCM (Henyep Capital Markets) Xtrade
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) Xtrade
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1199 142
Forex Pairs (Total) info 70 56
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) Xtrade
Average Spread EUR/USD - Standard info 0.6 info N/A info
All-in Cost EUR/USD - Active info 0.6 info N/A info
Active Trader or VIP Discounts info Yes Yes
Inactivity Fee info No No
Execution: Agency Broker info Yes No
Execution: Market Maker info Yes Yes
Funding HYCM (Henyep Capital Markets) Xtrade
Minimum Deposit info $20 $250
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) Xtrade
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info Yes No
Web Platform info Yes Yes
Social Trading / Copy Trading info No No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes No
cTrader info No No
DupliTrade info No No
ZuluTrade info No No
Trading Tools HYCM (Henyep Capital Markets) Xtrade
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes No
Watchlists - Total Fields info 7 9
Charting - Indicators / Studies (Total) info 30 N/A
Charting - Drawing Tools (Total) info 15 18
Charting - Trade From Chart info Yes No
Charts can be saved info Yes No
Mobile Trading HYCM (Henyep Capital Markets) Xtrade
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes No
Mobile Watchlist info Yes No
Watchlist Syncing info No No
Mobile Charting - Indicators / Studies info 30 N/A
Mobile Charting - Draw Trendlines info Yes No
Mobile Charting - Multiple Time Frames info Yes No
Mobile Charting - Drawings Autosave info Yes No
Mobile Economic Calendar info Yes No
Research HYCM (Henyep Capital Markets) Xtrade
Daily Market Commentary info Yes Yes
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 No
Economic Calendar info Yes Yes
Education HYCM (Henyep Capital Markets) Xtrade
Education (Forex or CFDs) info No Yes
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info No No
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs HYCM (Henyep Capital Markets) Xtrade
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
Overall HYCM (Henyep Capital Markets) Xtrade
Overall Rating info 4/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 2.5/5 Stars
Offering of Investments 4/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 3/5 Stars
Mobile Trading 4/5 Stars 3/5 Stars
Research 4/5 Stars 3/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Trust Score info 88 80
Winner check_circle
Review HYCM (Henyep Capital Markets) Review
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HYCM (Henyep Capital Markets) vs Xtrade 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 Xtrade.

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 Xtrade?

Xtrade is not publicly traded and does not operate a bank. Xtrade is authorised by two Tier-1 regulators (highly trusted), one Tier-2 regulator (trusted), zero Tier-3 regulators (average risk), and one Tier-4 regulator (high risk). Xtrade is authorised by the following Tier-1 regulators: Australian Securities & Investment Commission (ASIC), and regulated in the European Union via the MiFID passporting system.

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 Xtrade good?

Xtrade is regulated in multiple jurisdictions and offers forex and CFD traders its own trading platform, yet with barely 200 symbols that you can trade it trails behind the best forex brokers.

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 Xtrade?

Xtrade requires a minimum deposit of $250 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. Both HYCM (Henyep Capital Markets) and Xtrade offer Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw). Neither have PayPal (Deposit/Withdraw).

Does HYCM (Henyep Capital Markets) or Xtrade 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 HYCM (Henyep Capital Markets) 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 Xtrade 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 Xtrade holds 2. Both HYCM (Henyep Capital Markets) and Xtrade 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 Xtrade (80).

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

To compare the trading platforms of both HYCM (Henyep Capital Markets) and Xtrade, 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

Here’s what trading platforms are available at Xtrade:

  • Proprietary Platform - Yes
  • Web Platform - Yes
  • cTrader - No
  • DupliTrade - No
  • MT4 - No
  • MT5 - No
  • ZuluTrade - No
  • TradingView - No

What about MetaTrader? How about copy trading?

The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. HYCM (Henyep Capital Markets) offers MetaTrader 4 (MT4), while Xtrade does not. 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 Xtrade's 56 available pairs. If you are interested in trading CFDs, HYCM (Henyep Capital Markets) offers traders access to 1199 CFDs, while Xtrade offers access to 142 CFDs; so HYCM (Henyep Capital Markets) offers 1057 more CFDs than Xtrade.

We found in our testing that HYCM (Henyep Capital Markets) offers a more diverse selection of investment options than Xtrade, 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), Social Trading / Copy Trading and Spread Betting.

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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