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eToro vs HYCM (Henyep Capital Markets) 2024

BrokerNotes.co

Written by BrokerNotes.co

August 06, 2024

Trying to decide between eToro and HYCM (Henyep Capital Markets)? We’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, eToro ranks more highly than HYCM (Henyep Capital Markets).

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Compare

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Overall Rating eToro HYCM (Henyep Capital Markets)
Overall Rating star 8.9 /10 star 7.8 /10
Offering of Investments star 9.5 /10 star 7.5 /10
Commissions & Fees star 8.5 /10 star 8.5 /10
Platform & Tools star 9.0 /10 star 7.5 /10
Research star 8.5 /10 star 7.0 /10
Mobile Trading star 8.5 /10 star 7.5 /10
Education star 9.0 /10 star 7.5 /10
Account Type eToro HYCM (Henyep Capital Markets)
Standard Trade Size (100,000 units) info Yes Yes
Mini Trade Size (10,000 units) info Yes Yes
Micro Trade Size (1,000 units) info Yes Yes
Islamic Account info No Yes
Deposit/Withdrawal Options eToro HYCM (Henyep Capital Markets)
Minimum Deposit info $50-$10,000 $20
Bank Wire (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
PayPal (Deposit/Withdraw) info Yes No
ACH or SEPA Transfers info Yes No
Copy Trading eToro HYCM (Henyep Capital Markets)
Social Trading / Copy Trading info Yes No
DupliTrade info No No
ZuluTrade info No No
Cryptocurrency eToro HYCM (Henyep Capital Markets)
Cryptocurrency (Physical) info Yes No
Cryptocurrency (Derivative) info Yes Yes
Bitcoin info Yes Yes
Ethereum info Yes Yes
Forex Trading (Spot or CFDs) eToro HYCM (Henyep Capital Markets)
Forex Trading (Spot or CFDs) info Yes Yes
Mobile Trading - Forex or CFDs info Yes Yes
Indices (Index CFDs) eToro HYCM (Henyep Capital Markets)
DAX info Yes Yes
Dow Jones info Yes Yes
FTSE info Yes Yes
NASDAQ 100 info Yes Yes
Nikkei info Yes Yes
SP 500 info Yes Yes
Investments eToro HYCM (Henyep Capital Markets)
Forex Trading (Spot or CFDs) info Yes Yes
Spread Betting info No No
Social Trading / Copy Trading info Yes No
Metals info Yes Yes
Energies info Yes Yes
Agriculturals info Yes Yes
ETF info Yes No
U.S. Stocks (CFD) info Yes Yes
Trading Platforms eToro HYCM (Henyep Capital Markets)
Apple iOS App info Yes Yes
Android App info Yes Yes
Proprietary Platform info Yes Yes
Desktop Platform (Windows) info No Yes
Web Platform info Yes Yes
MetaTrader 4 (MT4) info No Yes
MetaTrader 5 (MT5) info No Yes
Regulatory Licenses eToro HYCM (Henyep Capital Markets)
Tier-1 Licenses info 3 2
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No Yes
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 info 1 1
Tier-3 Licenses info 0 0
Research, Education eToro HYCM (Henyep Capital Markets)
Trading Central (Recognia) info Yes Yes
Forex News (Top-Tier Sources) info No Yes
Daily Market Commentary info Yes Yes
Autochartist info No No
Investor Dictionary (Glossary) info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Client Webinars (Archived) info Yes Yes
Trading Costs eToro HYCM (Henyep Capital Markets)
Minimum Deposit info $50-$10,000 $20
Average Spread EUR/USD - Standard info 1 info 1.2 info
All-in Cost EUR/USD - Active info N/A 0.6 info
Active Trader or VIP Discounts info Yes Yes
Trading Tools eToro HYCM (Henyep Capital Markets)
Watchlists - Total Fields info 6 7
Mobile Watchlist info Yes Yes
Charting - Indicators / Studies (Total) info 104 30
Mobile Charting - Indicators / Studies info 104 30
Trust Factors eToro HYCM (Henyep Capital Markets)
Year Founded info 2007 1977
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
Trust Score info 93 86
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eToro vs HYCM (Henyep Capital Markets) Comparison

Comparing forex brokers side by side is no easy task. Our research 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. Trying to decide between eToro and HYCM (Henyep Capital Markets)? Our independent database powered by our unbiased research will help you compare eToro vs HYCM (Henyep Capital Markets) side-by-side.

What is Trust Score?

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.

Can I trust eToro?

eToro has a Trust Score of 93, giving it a "Highly Trusted" Trust Score Label.

Can I trust HYCM (Henyep Capital Markets)?

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

Is eToro a good broker?

Best known for its versatile and easy-to-use social copy trading platform suite for web and mobile, eToro offers a large selection of cryptocurrency products, CFDs, shares, forex pairs, and a wide range of powerful trading tools. With licenses from multiple Tier-1 regulatory jurisdictions and a Trust Score rating of 90, we consider eToro to be a highly trusted broker. It's worth noting that eToro is not a discount broker (though it delivers more benefits than its competitors in the same price range). Trading forex and CFDs at eToro is slightly pricier than at many of its competitors, though the broker has recently lowered its spreads and introduced zero-dollar commissions for U.S. stock trading.

Is HYCM (Henyep Capital Markets) a good broker?

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.

What Tier-1 jurisdictions is each broker regulated in?

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. eToro holds regulatory licenses in the following Tier-1 jurisdictions: Australia (ASIC Authorised) and United Kingdom (U.K.) (FCA Authorised). HYCM (Henyep Capital Markets), on the other hand, is licensed in these Tier-1 regulatory jurisdictions: Hong Kong (SFC Authorised) and United Kingdom (U.K.) (FCA Authorised). Neither have Canada (CIRO Authorised), CBI Authorised (Ireland), Japan (SFC Authorised), Singapore (MAS Authorised), New Zealand (FMA Authorised), Switzerland (FINMA Authorised) and USA (CFTC Authorized)

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

Which broker offers more trading platforms?

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 eToro offers a Proprietary Platform, whereas HYCM (Henyep Capital Markets) supports a Proprietary Platform and Desktop Platform (Windows). Neither have cTrader, DupliTrade and ZuluTrade

Does eToro offer MetaTrader? Does HYCM (Henyep Capital Markets) offer MetaTrader?

For MetaTrader eToro provides neither of these, while HYCM (Henyep Capital Markets) provides MetaTrader 4 (MT4) and MetaTrader 5 (MT5). If MetaTrader is a must for you, read our guides on the best MT4 brokers or best MT5 brokers.

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

eToro requires a minimum deposit of $50-$10,000, while HYCM (Henyep Capital Markets) requires a minimum deposit of $20. 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 eToro supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for funding and deposit methods, whereas HYCM (Henyep Capital Markets) supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw)

Which broker offers more tradeable asset classes, eToro or HYCM (Henyep Capital Markets)?

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 eToro delivers a more diverse selection of investment options than HYCM (Henyep Capital Markets), offering tradeable asset classes and investment types such as Forex Trading (Spot or CFDs), Social Trading / Copy Trading, Metals, Energies, Agriculturals, ETF and U.S. Stocks (CFD). Neither have Spread Betting.

We also keep track of each broker’s total number of tradeable symbols; eToro offers 5461, and HYCM (Henyep Capital Markets) offers a total of 1199 tradeable symbols.

Can I trade cryptocurrency with eToro or HYCM (Henyep Capital Markets)?

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 eToro offers clients access to trading physical cryptocurrencies while HYCM (Henyep Capital Markets) does not.

Who offers more research tools, eToro or HYCM (Henyep Capital Markets)?

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. eToro delivers the following research tools: Daily Market Commentary, Stock Charts, Trading Central (Recognia) and Social Trading / Copy Trading. HYCM (Henyep Capital Markets), on the other hand, provides the tools listed here: Daily Market Commentary, Forex News (Top-Tier Sources) and Trading Central (Recognia). Neither have Autochartist

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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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