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HYCM (Henyep) vs BDSwiss 2022

BrokerNotes.co

Written by BrokerNotes.co

November 08, 2022

Trying to decide between HYCM (Henyep) and BDSwiss? Weโ€™ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, HYCM (Henyep) ranks more highly than BDSwiss.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65% and 82% 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.
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Overall RatingHYCM (Henyep)BDSwissXTB
Overall Rating7.7 / 107.6 / 108.7 / 10
Account TypeHYCM (Henyep)BDSwissXTB
Standard Trade Size (100,000 units)YesYesYes
Mini Trade Size (10,000 units)YesYesYes
Micro Trade Size (1,000 units)YesYesYes
Islamic AccountYesYesYes
Copy TradingHYCM (Henyep)BDSwissXTB
Social Trading / Copy TradingNoYesYes
DupliTradeNoNoNo
ZuluTradeNoNoNo
CryptocurrencyHYCM (Henyep)BDSwissXTB
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)YesYesYes
BitcoinYesYesYes
ethereumYesYesYes
Forex Trading (Spot or CFDs)HYCM (Henyep)BDSwissXTB
Forex Trading (Spot or CFDs)YesYesYes
Mobile Trading - Forex or CFDsYesYesYes
Indices (Index CFDs)HYCM (Henyep)BDSwissXTB
DAXYesYesYes
Dow JonesYesYesYes
FTSEYesYesYes
NASDAQ 100YesYesYes
NikkeiYesYesYes
SP 500YesYesYes
InvestmentsHYCM (Henyep)BDSwissXTB
Forex Trading (Spot or CFDs)YesYesYes
Spread BettingNoNoNo
Social Trading / Copy TradingNoYesYes
MetalsYesYesYes
EnergiesYesYesYes
AgriculturalsYesNoYes
ETFNoNoNo
U.S. Stocks (CFD)YesYesYes
Trading PlatformsHYCM (Henyep)BDSwissXTB
Apple iOS AppYesYesYes
Android AppYesYesYes
Proprietary PlatformNoYesYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
MetaTrader 4 (MT4)YesYesYes
MetaTrader 5 (MT5)YesYesNo
Regulatory LicensesHYCM (Henyep)BDSwissXTB
Tier-1 Licenses211
ASIC Authorised (Australia)NoNoNo
IIROC Authorised (Canada)NoNoNo
FCA Authorised (U.K.)YesYesYes
SFC Authorised (Hong Kong)YesNoNo
MAS Authorised (Singapore)NoNoNo
FINMA Authorised (Switzerland)NoNoNo
CFTC Registered (USA)NoNoNo
Tier-2 Licenses213
Tier-3 Licenses111
Research, EducationHYCM (Henyep)BDSwissXTB
Trading Central (Recognia)YesNoNo
Forex News (Top-Tier Sources)YesNoYes
Daily Market CommentaryYesYesYes
AutochartistNoYesNo
Investor Dictionary (Glossary)YesYesNo
Videos - Beginner Trading VideosYesYesYes
Client Webinars (Archived)YesYesYes
Trading CostsHYCM (Henyep)BDSwissXTB
Minimum Initial Deposit$100$100-$5000 (depending on account type)$0
Average Spread EUR/USD - Standard0.6 (Sept 2021)1.6 (08/10/22)1.07 (Q3 2022)
All-in Cost EUR/USD - Active0.6 (Sept 2021)1.3 (08/10/22)1.04 (Q3 2022)
Active Trader or VIP DiscountsYesYesYes
Bank Wire (Deposit/Withdraw)YesYesYes
Visa/Mastercard (Credit/Debit)YesYesYes
PayPal (Deposit/Withdraw)NoNoYes
Trading ToolsHYCM (Henyep)BDSwissXTB
Watchlists - Total Fields778
Mobile WatchlistYesYesYes
Charting - Indicators / Studies (Total)303039
Mobile Charting - Indicators / Studies303039
Trust FactorsHYCM (Henyep)BDSwissXTB
Year Founded197720122002
Publicly Traded (Listed)NoNoYes
BankNoNoNo
Authorised in European UnionYesYesYes
Trust Score868395
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HYCM (Henyep) vs BDSwiss Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare HYCM (Henyep) vs BDSwiss.

Can I trust HYCM (Henyep)?

HYCM (Henyep) has a trust score of 86, giving it a "Trusted" trust label. Here's what each trust score label means:

  • "Highly Trusted" (90-99) - These brokers are considered the most trustworthy firms in the industry. Simply put, we would not hesitate to open and fund an account with a Highly Trusted broker.
  • "Trusted" (80-89) - These brokers are reliable and trustworthy. "Trusted" firms are a solid choice, and may simply hold fewer regulatory licences or feature different corporate structures than those brokers that have earned our top Trust Score rating.
  • "Average Risk" (70-79) - Average Risk brokers are firms we generally consider to be safe, but that may warrant a closer inspection before you open and fund a live trading account. At the least, we always encourage traders to check the regulatory licenses for Average Risk firms to verify that they are regulated in their own country of residence.
  • "High Risk" (60-69) - High-risk firms should be scrutinized and carefully reviewed before opening an account. These forex brokers are โ€“ in most cases โ€“ operating without credible regulatory licensing, and likely have a history of legal or financial issues. Before considering an account with a high-risk firm, we recommend checking our country guides for your country of residence to see if a more trusted broker is available.
  • "Do Not Trust" (<59) - We do not recommend opening an account of any kind with a broker that earns a โ€œDo Not Trustโ€ rating.

Can I trust BDSwiss?

BDSwiss has a trust score of 83, giving it a "Trusted" trust label.

Is HYCM (Henyep) a good broker?

HYCM has a long history of offering share trading, forex, and CFD markets globally. A trusted broker that primarily offers the MetaTrader platform, HYCM delivers competitive pricing on its Raw account, as well as access to Trading Central and third-party plugins.

Is BDSwiss a good broker?

BDSwiss is a MetaTrader broker that also offers a proprietary mobile app and a growing range of markets to trade. While pricing is not its best feature, BDSwiss publishes its trade statistics in an effort to highlight its execution quality.

What tier-1 jurisdictions is each broker regulated in?

Tier-1 regulators go above and beyond by requiring additional capital requirements, checking in on brokers more frequently, and putting brokers through a tougher screening process. HYCM (Henyep) is SFC Authorised (Hong Kong) and FCA Authorised (U.K.), while BDSwiss is FCA Authorised (U.K.)., neither have ASIC Authorised (Australia), IIROC Authorised (Canada), CBI Authorised (Ireland), FSA Authorised (Japan), MAS Authorised (Singapore), FMA Authorised (New Zealand), FINMA Authorised (Switzerland) and CFTC Registered (USA)

What tier-2 jurisdictions is each broker regulated in? What about tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, HYCM (Henyep) is CySEC Authorised (Cyprus) and DFSA / Central Bank Authorised (UAE), while BDSwiss is CySEC Authorised (Cyprus)., neither have CBRC Authorised (China), SEBI Authorised (India), ISA Authorised (Israel), CBR Authorised (Russia), FSCA Authorised (South Africa) and SEC Authorised (Thailand). When comparing tier-3 licenses HYCM (Henyep) is CIMA Authorised (Cayman Islands), while BDSwiss is FSC Authorised (Mauritius)., neither have SCB Authorised (Bahamas), IFSC Authorised (Belize), BMA Authorised (Bermuda), FSC Authorised (British Virgin Islands) and VFSC Authorised (Vanuatu).

Which broker offers more trading platforms?

For trading platforms HYCM (Henyep) supports a Desktop Platform (Windows), whereas BDSwiss supports a Proprietary Platform and Desktop Platform (Windows)., neither have cTrader, DupliTrade and ZuluTrade

Does HYCM (Henyep) offer MetaTrader? Does BDSwiss offer MetaTrader?

Both HYCM (Henyep) and BDSwiss offer the whole MetaTrader suite, which consists of both MetaTrader 4 and MetaTrader 5. If youโ€™re new to MetaTrader 4 hereโ€™s our educational guide on how to use MT4.

How do HYCM (Henyep) and BDSwiss differ in terms of minimum deposit? What about average spreads and funding options?

HYCM (Henyep) requires a minimum deposit of $100, while BDSwiss requires a minimum deposit of $100-$5000 (depending on account type). From our testing we found HYCM (Henyep) offers spreads of 0.6 (Sept 2021), while BDSwiss offers spreads of 1.6 (08/10/22). Both HYCM (Henyep) and BDSwiss offer Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw) for deposits., neither have PayPal (Deposit/Withdraw)

Which brokers offers more tradeable asset classes, HYCM (Henyep) or BDSwiss?

HYCM (Henyep) offers a more diverse selection of investment options than BDSwiss allowing you to trade Forex Trading (Spot or CFDs), Metals, Energies, Agriculturals and U.S. Stocks (CFD)., neither have Spread Betting and ETF Looking at total tradeable symbols, HYCM (Henyep) has 245, compared to 1081 from BDSwiss.

Can I trade cryptocurrency with HYCM (Henyep) or BDSwiss?

Crypto trading is popular with forex traders. Most crypto assets are offered either as the underlying physical asset or as a CFD or other derivative โ€” including spot forex contracts. In terms of trading physical cryptocurrency neither HYCM (Henyep) nor BDSwiss allow you to trade physical cryptocurrencies.

Who offers more research tools, HYCM (Henyep) or BDSwiss?

In terms of research and research tools HYCM (Henyep) gives traders the following tools: Daily Market Commentary, Forex News (Top-Tier Sources) and Trading Central (Recognia). In comparison BDSwiss has the tools listed here: Autochartist, Daily Market Commentary, Stock Charts and Social Trading / Copy Trading.

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