HYCM (Henyep Capital Markets) vs DooPrime 2024

Trust Score is a data-driven rating system that provides an at-a-glance rating of a broker’s overall trust by tracking 60+ brokers and over 100 regulatory jurisdictions across the globe. To make things clearer for everyday traders, we’ve created a five-tier system for regulators and Trust Score rating labels. Learn more about Trust Score, and check out our country guides to see the most trusted brokers in your country of residence.

HYCM (Henyep Capital Markets) has a Trust Score of 86, giving it a "Trusted" Trust Score Label.

DooPrime has a Trust Score of 83, giving it a "Trusted" Trust Score Label.

Founded in 1977, HYCM is a trusted broker licensed in multiple Tier-1 regulatory jurisdictions with a long history of offering share trading, forex, and CFD trading. Traders at HYCM can use the HYCM Trader mobile app, the full MetaTrader suite (MT4 and MT5), as well as third-party tools like Trading Central. HYCM delivers competitive pricing on its Raw account, but the broker's research and educational resources have room to improve.

DooPrime is primarily a MetaTrader broker that offers both MT4 and MT5, along with several copy trading platforms and its proprietary In Trade platform. Founded in 2015, DooPrime is a relatively new forex broker regulated in multiple Tier-1 jurisdictions, like Hong Kong and the U.K., boosting the broker's overall Trust Score. DooPrime also provides nearly 10,000 tradeable symbols, but we were unable to obtain average spread data when evaluating the broker's trading costs.

Tier-1 is reserved for the strictest, most stringent regulatory jurisdictions in the world. Tier-1 regulators impose additional capital requirements and require a tougher initial screening process. both HYCM (Henyep Capital Markets) and DooPrime are Hong Kong (SFC Authorised) and United Kingdom (U.K.) (FCA Authorised).. Neither have Australia (ASIC Authorised), Canada (CIRO Authorised), CBI Authorised (Ireland), Japan (SFC Authorised), Singapore (MAS Authorised), New Zealand (FMA Authorised), Switzerland (FINMA Authorised) and USA (CFTC Authorized)

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 Capital Markets) is UAE (DFSA/Central Bank Authorised), while DooPrime is none.. Neither have China (CBRC Authorised), Cyprus (CySEC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised), South Africa (FSCA Authorised) and Thailand (SEC Authorised). When comparing tier-3 licenses HYCM (Henyep Capital Markets) is Cayman Islands (CIMA Authorised), while DooPrime is Mauritius (FSC Authorised) and Vanuatu (VFSC Authorised).. Neither have Bahamas (SCB Authorised), Belize (FSC Authorised), Bermuda (BMA Authorised) and British Virgin Islands (FSC Authorised).

Whether your broker develops its own proprietary platforms or provides access to popular third-party platforms, you should make sure you can use your preferred type of trading platform. In our testing, we found that both HYCM (Henyep Capital Markets) and DooPrime offer a Proprietary Platform and Desktop Platform (Windows). Neither have cTrader, DupliTrade and ZuluTrade

Both HYCM (Henyep Capital Markets) and DooPrime offer the whole MetaTrader suite, which consists of both MetaTrader 4 and MetaTrader 5. If you’re new to MetaTrader 4 here’s our educational guide on how to use MT4.

HYCM (Henyep Capital Markets) requires a minimum deposit of $20, while DooPrime requires a minimum deposit of $100. It's also important to ensure your broker accepts the funding options and deposit methods that work best for you. In our research, we've found that HYCM (Henyep Capital Markets) supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw) for funding and deposit methods, whereas DooPrime supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw)

When choosing a forex broker, it’s important to consider each broker’s available investment products and tradeable asset classes. We’ve researched each broker’s individual offering of investments to help you pick the right broker for what you want to trade. During our testing, we found that HYCM (Henyep Capital Markets) delivers a more diverse selection of investment options than DooPrime, offering tradeable asset classes and investment types such as Forex Trading (Spot or CFDs), Metals, Energies, Agriculturals and U.S. Stocks (CFD). Neither have Spread Betting.

We also keep track of each broker’s total number of tradeable symbols; HYCM (Henyep Capital Markets) offers 1199, and DooPrime offers a total of 10000 tradeable symbols.

Crypto trading has become popular among forex traders across a range of international jurisdictions. As a result, many forex brokers now offer crypto products to their clients; most crypto assets are offered either as an underlying physical asset (such as when you own actual bitcoin assets, for example) or as a derivative product like a CFD. If you are looking to trade physical cryptocurrencies, you’ll find that neither HYCM (Henyep Capital Markets) nor DooPrime allow you to trade physical cryptocurrencies.

Market research plays a huge role in any forex trader’s ability to conduct analysis within the global forex market. We test each broker’s research offering to help you decide which broker is right for your technical or fundamental analysis needs. HYCM (Henyep Capital Markets) delivers the following research tools: Daily Market Commentary, Forex News (Top-Tier Sources) and Trading Central (Recognia). DooPrime, on the other hand, provides the tools listed here: Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources), Trading Central (Recognia) and Social Trading / Copy Trading. Neither have Autochartist

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