Written by ForexBrokers.com
In this head to head comparison of Fineco 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.
Fineco, established in 1999, is a publicly traded bank that enjoys a high level of trust in the online brokerage arena. It holds a perfect pair of Tier-1 licenses, reflecting a strong reputation for security and compliance. With a ForexBrokers.com Trust Score of 94 out of 99, Fineco is considered highly trustworthy, presenting an enticing option for those prioritizing safety in their trading ventures.
On the other hand, HYCM (Henyep Capital Markets), with a foundation year of 1977, is a non-publicly traded online broker. Unlike Fineco, HYCM is not a bank but holds two Tier-1 licenses and one Tier-2 license. It boasts a Trust Score of 86, positioning it as a trusted choice among traders. Despite differing in structure and regulatory standing, both Fineco and HYCM have crafted credible profiles in the trading world.
| Feature |
Fineco
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 1999 | 1977 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 2 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
Fineco and HYCM offer different pricing models for their trading services, making them ideal for different types of traders. Fineco doesn't provide detailed average spread data for forex and CFD trading, which can make understanding its true trading costs challenging. However, the broker does list a EUR/USD spread of either 1 pip or 0.8 pips, though it's unclear if these figures represent average values. On the other hand, Fineco seems to offer more competitive spreads on its index CFDs. Fineco is rated 3.5 out of 5 stars for its commissions and fees and ranks 51st out of 63 brokers according to ForexBrokers.com.
HYCM, known as Henyep Capital Markets, presents a more structured and transparent pricing model. For traders opting for the Raw account, HYCM offers competitive pricing with an all-in cost of about 0.6 pips for EUR/USD, including commissions. Their Classic account presents a variable spread starting at 1.2 pips, while they also provide a fixed-spread account with a spread of 1.5 pips. HYCM stands out with a commissions and fees rating of 4.5 out of 5 stars, and it holds the 15th position among 63 brokers as per ForexBrokers.com.
For traders focusing on costs for forex and CFDs, HYCM offers a more transparent and potentially cost-effective choice, especially for those valuing lower spreads and predictability in trading fees. In comparison, Fineco might attract traders interested in index CFDs due to its indicated lower spreads in this area. While Fineco struggles with clarity in average spread data, HYCM excels with clear and competitive pricing options across its accounts, reflected in its higher star rating and better market ranking.
| Feature |
Fineco
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $0 | $20 |
| Average Spread EUR/USD - Standard | N/A | 1.2 |
| All-in Cost EUR/USD - Active | N/A | 0.6 |
| Active Trader or VIP Discounts | No | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Visa/Mastercard (Credit/Debit) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
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When it comes to investment options, Fineco and HYCM cater to traders with diverse needs. Fineco impresses with a staggering 9,770 tradeable symbols, far surpassing HYCM's offering of 1,199. While both brokers allow foreign exchange trading as a CFD or spot contract, HYCM edges out Fineco by providing access to 70 forex pairs compared to Fineco's 54. Both platforms let clients invest in exchange-traded securities on U.S. and international exchanges, enabling trades in popular stocks like Apple and Vodafone. However, neither broker supports actual cryptocurrency purchases, with HYCM being the only one to offer cryptocurrency derivatives. It's important to note that neither Fineco nor HYCM provides copy trading services.
Reviewing overall investment choices, Fineco earns a commendable 4.5-star rating, placing it at 16th among 63 brokers, according to ForexBrokers.com. HYCM, on the other hand, garners a solid 4-star rating and ranks 33rd within the same category. For traders prioritizing a diverse range of available assets, Fineco stands out as the leader, offering an extensive array of investment opportunities to suit various trading preferences. Nonetheless, HYCM remains a competitive choice for those seeking a focused selection of tradeable assets, including a slightly larger range of forex pairs and cryptocurrency derivatives.
| Feature |
Fineco
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 9770 | 1199 |
| Forex Pairs (Total) | 54 | 70 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | No | 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.
When comparing the trading platforms and tools of Fineco and HYCM, several distinctions emerge. Both Fineco and HYCM support in-house developed, proprietary platforms in addition to offering Windows-based desktop and web-based trading platforms. However, Fineco does not provide a free virtual demo account option, while HYCM offers this useful feature for those keen to practice trading without financial risk. Additionally, HYCM supports popular platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5), whereas Fineco does not integrate these options. For charting capabilities, HYCM leads with 15 drawing tools, compared to Fineco's seven, and also provides the convenience of trading directly from stock charts, a feature absent in Fineco’s offerings.
Both Fineco and HYCM are rated four stars out of five for their trading platforms and tools. Despite this similar rating, Fineco holds a higher standing in the category, ranking 18th out of 63 brokers according to ForexBrokers.com, while HYCM ranks 40th. When looking at watch list features, HYCM offers seven columns for watch lists, enhancing its usability. While neither broker offers copy trading, support for DupliTrade, or ZuluTrade, HYCM's inclusion of demo accounts and compatibility with popular MetaTrader platforms may appeal to traders seeking extensive platform support and simulation opportunities. In contrast, Fineco’s streamlined approach and higher ranking might attract those prioritizing platform sophistication over variety.
| Feature |
Fineco
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Virtual Trading (Demo) | No | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | No |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 37 | 30 |
| Charting - Drawing Tools (Total) | 7 | 15 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | N/A | 7 |
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Fineco and HYCM both offer mobile trading apps for iPhone and Android users, making it easy for investors on the go. Both apps provide stock and forex price alerts, ensuring traders never miss important market updates. However, neither app syncs watchlists between mobile devices and online accounts, which may be a consideration for traders who frequently switch between platforms.
When it comes to charting features, HYCM stands out by offering 30 technical studies compared to Fineco's 6. HYCM also lets users draw trendlines and autosave their charting work, while Fineco lacks these functions. Both apps allow viewing charts in multiple time frames, but only HYCM supports creating watchlists with real-time quotes. Despite these differences, both apps have received a 4-star rating for mobile trading. In a broader ranking by ForexBrokers.com, Fineco is positioned at #42, while HYCM is slightly higher at #37.
| Feature |
Fineco
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 6 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | No | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of Fineco and HYCM (Henyep Capital Markets), both brokers demonstrate strengths in specific areas, while also showing room for growth. Fineco does not provide daily market commentary but excels in delivering forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones, supporting traders with reliable information. HYCM, on the other hand, offers daily market commentary which can be advantageous for traders seeking regular updates, and it also matches Fineco in offering high-quality forex news. Neither broker offers research tools from Autochartist or sentiment-based trading tools, but HYCM edges ahead by providing technical analysis tools from Trading Central, which might appeal to traders looking for deeper analytical insights.
In terms of global economic news, both Fineco and HYCM provide access to an economic calendar, empowering traders to stay informed about upcoming global events. However, Fineco's overall star rating of 4.0 in the research category is marginally higher than HYCM's 3.5, hinting at slightly greater customer satisfaction. According to ForexBrokers.com, Fineco ranks 33rd out of 63 brokers, just ahead of HYCM, which sits at 35th. This suggests that Fineco is perceived as a slightly stronger contender in research offerings, but both brokers cater to traders with unique needs, making them worthy options in the market.
| Feature |
Fineco
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary | No | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing Fineco and HYCM for educational resources aimed at beginners, there are some notable differences. Fineco offers a wealth of opportunities for new traders, with regular monthly webinars to engage and educate their clients. They also have a library of beginner educational videos and an investor dictionary, both of which provide a comprehensive introduction to trading terms and concepts. However, Fineco does not offer a rich variety of forex or CFD educational materials and lacks a searchable archive of past webinars.
On the other hand, HYCM provides a strong selection of educational content focused on forex and CFDs, boasting an array of articles, videos, and webinars covering these topics. They also maintain a searchable archive of recorded webinars, allowing users to access past learning sessions. While they also offer beginner educational videos and an investor dictionary similar to Fineco, HYCM does not provide regular webinars to clients. In terms of rankings, both brokers fare differently, with Fineco receiving a higher star rating for education overall but being ranked lower in comparison to HYCM by ForexBrokers.com.
| Feature |
Fineco
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Education (Forex or CFDs) | No | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Fineco is better than HYCM (Henyep Capital Markets). Fineco finished with an overall rank of #25, while HYCM (Henyep Capital Markets) finished with an overall rank of #29.
FinecoBank is a trusted multi-asset broker offering forex and CFDs across its brands regulated in the U.K. and Italy. However, unless you visit a physical branch as a citizen of the EU – or you are a resident of Italy or the U.K. – you will not be permitted to open an online account with FinecoBank.
| Feature |
Fineco
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HYCM (Henyep Capital Markets)
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|---|---|---|
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| Trust Score | 94 | 86 |
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While Fineco does not provide the option to buy actual delivered cryptocurrency or cryptocurrency derivatives, HYCM (Henyep Capital Markets) offers the ability to purchase cryptocurrency derivatives, though it does not facilitate the buying of actual delivered cryptocurrency.
When comparing online brokers Fineco and HYCM (Henyep Capital Markets), Fineco supports ACH and SEPA transfers and bank wires for deposits and withdrawals, whereas HYCM offers Visa, Mastercard, Skrill, and bank wires, but does not support ACH or SEPA transfers.
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 | Fineco | HYCM (Henyep Capital Markets) | |
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| Trust Score | 94 | 86 | |
| Winner | check_circle | ||
| Review | Fineco Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | Fineco | HYCM (Henyep Capital Markets) | |
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| Regulation | Fineco | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trust Score | 94 | 86 | |
| Year Founded | 1999 | 1977 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 2 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Fineco | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| 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) | Fineco | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Fineco | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 9770 | 1199 | |
| Forex Pairs (Total) | 54 | 70 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | No | 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 | Fineco | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | N/A | 1.2 | |
| All-in Cost EUR/USD - Active | N/A | 0.6 | |
| Active Trader or VIP Discounts | No | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | No | Yes |
| Funding | Fineco | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | $0 | $20 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Visa/Mastercard (Credit/Debit) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Fineco | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | No | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | Fineco | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | No | Yes | |
| Alerts - Basic Fields | No | Yes | |
| Watchlists - Total Fields | N/A | 7 | |
| Charting - Indicators / Studies (Total) | 37 | 30 | |
| Charting - Drawing Tools (Total) | 7 | 15 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Fineco | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | No | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 6 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Fineco | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary | No | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | Fineco | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Education (Forex or CFDs) | No | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | Fineco | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | Fineco Review | HYCM (Henyep Capital Markets) Review |
| Overall | Fineco | HYCM (Henyep Capital Markets) | |
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| Trust Score | 94 | 86 | |
| Winner | check_circle | ||
| Review | Fineco Review | HYCM (Henyep Capital Markets) Review |
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