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HYCM (Henyep) vs Trade Nation 2023

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Written by ForexBrokers.com

December 27, 2022

Is HYCM (Henyep) better than Trade Nation? In our analysis of 23 international regulators across 62 of the best forex brokers, HYCM is considered average-risk, with an overall Trust Score of 86 out of 99. Trade Nation is considered average-risk, with an overall Trust Score of 83 out of 99. Learn more about Trust Score.

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Overall RatingHYCM (Henyep)Trade Nation
Overall Rating 4/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Offering of Investments 3.5/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3.5/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Trust Score 86 83
Winner check_circle
Review HYCM (Henyep) Review Trade Nation Review
RegulationHYCM (Henyep)Trade Nation
Trust Score 86 83
Year Founded 1977 2014
Publicly Traded (Listed) No No
Bank No No
Authorised in European Union Yes info No info
Tier-1 Licenses 2 2
Tier-2 Licenses 2 1
Tier-3 Licenses 1 1
Tier-1 Licenses (High Trust)HYCM (Henyep)Trade Nation
ASIC Authorised (Australia) No Yes
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) Yes No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) Yes Yes
CFTC Registered (USA) No No
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust)HYCM (Henyep)Trade Nation
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) Yes No
SEBI Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) No Yes
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) Yes No
Tier-3 Licenses (Low Trust)HYCM (Henyep)Trade Nation
SCB Authorised (Bahamas) No Yes
FSC Authorised (Belize) No No
CIMA Authorised (Cayman Islands) Yes No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No No
InvestmentsHYCM (Henyep)Trade Nation
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 362 601
Forex Pairs (Total) 70 33
U.S. Stock Trading (Non CFD) No No
Int'l Stock Trading (Non CFD) Yes No
Social Trading / Copy Trading No No
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) 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).
CostHYCM (Henyep)Trade Nation
Average Spread EUR/USD - Standard 0.6 info 0.6
All-in Cost EUR/USD - Active 0.6 info 0.6
Active Trader or VIP Discounts Yes No
Execution: Agency Broker Yes No
Execution: Market Maker Yes Yes
FundingHYCM (Henyep)Trade Nation
Minimum Deposit $100 $0
PayPal (Deposit/Withdraw) No No
Skrill (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsHYCM (Henyep)Trade Nation
Proprietary Platform Yes Yes
Desktop Platform (Windows) Yes Yes
Web Platform Yes Yes
Social Trading / Copy Trading No No
MetaTrader 4 (MT4) Yes Yes
MetaTrader 5 (MT5) Yes No
cTrader No No
DupliTrade No No
ZuluTrade No No
Trading Platforms Gallery (click to expand)
HYCM MT5 desktop trading platformzoom_in HYCM MT5 desktop trading platformzoom_in
Trade Nation client portal web dashboardzoom_in Trade Nation web platformzoom_in Trade Nation MetaTrader 4 MT4 platformzoom_in Trade Nation MetaTrader 4 MT4 platform chartszoom_in Trade Nation MetaTrader 4 MT4 platform Signals marketzoom_in Trade Nation web platform Signal Centre dashboard Acuity Trading rows viewzoom_in Trade Nation web platform Signal Centre dashboard powered by Acuity detailzoom_in Trade Nation web platform add signal to order ticketzoom_in Trade Nation web platform trade ticket limit orderzoom_in Trade Nation web platform charting ChartIQzoom_in
Trading ToolsHYCM (Henyep)Trade Nation
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 7 12
Charting - Indicators / Studies (Total) 30 35
Charting - Drawing Tools (Total) 15 95
Charting - Trade From Chart Yes No
Charts can be saved Yes No
Mobile TradingHYCM (Henyep)Trade Nation
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes Yes
Mobile Watchlist Yes Yes
Watchlist Syncing No Yes
Mobile Charting - Indicators / Studies 30 95
Mobile Charting - Draw Trendlines Yes Yes
Mobile Charting - Multiple Time Frames Yes Yes
Mobile Charting - Drawings Autosave Yes Yes
Forex Calendar Yes No
Mobile Trading Gallery (click to expand)
HYCM MT5 mobile trading app watchlistzoom_in HYCM MT5 mobile trading chartszoom_in HYCM MT5 mobile trading appzoom_in HYCM MT5 mobile trading contract specificationszoom_in HYCM MT5 mobile trading app economic calendarzoom_in HYCM MT5 mobile trading app news headlineszoom_in HYCM MT5 mobile trading app news headlineszoom_in
Trade Nation mobile trading app watchlistzoom_in Trade Nation mobile trading app trade ticketzoom_in Trade Nation mobile trading app forex news curated Twitter channelszoom_in Trade Nation mobile trading app forex news curated Tweetszoom_in Trade Nation mobile trading app chartingzoom_in Trade Nation mobile trading app research Smart Newszoom_in Trade Nation mobile trading app Trading Centre signals from Acuityzoom_in Trade Nation mobile trading app settingszoom_in
ResearchHYCM (Henyep)Trade Nation
Daily Market Commentary Yes No
Forex News (Top-Tier Sources) Yes Yes
Autochartist No No
Trading Central (Recognia) Yes No
Social Sentiment - Currency Pairs No No
Economic Calendar Yes No
Research Gallery (click to expand)
HYCM Research MT5 news headlineszoom_in HYCM client portal Analyst Views market analysiszoom_in
Trade Nation YouTube channel video uploadszoom_in Trade Nation research market update fundamental analysis articlezoom_in Trade Nation research web articleszoom_in Trade Nation YouTube channel research trading insights playlists videoszoom_in Trade Nation YouTube channel research playlists videoszoom_in Trade Nation web platform smart newszoom_in Trade Nation web platform Signal Centre dashboard powered by Acuity Tradingzoom_in Trade Nation MetaTrader 4 MT4 platform news headlineszoom_in
EducationHYCM (Henyep)Trade Nation
Has Education - Forex or CFDs No Yes
Client Webinars Yes No
Client Webinars (Archived) Yes No
Videos - Beginner Trading Videos Yes Yes
Videos - Advanced Trading Videos No No
Investor Dictionary (Glossary) Yes Yes
Education Gallery (click to expand)
HYCM YouTube channel videos.zoom_in HYCM upcoming webinars registration pagezoom_in HYCM YouTube channelzoom_in HYCM YouTube channel market research video playlistzoom_in HYCM YouTube video playlistzoom_in HYCM YouTube video webinarszoom_in HYCM YouTube video webinarszoom_in HYCM Research YouTube video playlist CNBC Arabia.zoom_in HYCM Research YouTube video playlist detail.zoom_in
Trade Nation YouTube channel videoszoom_in Trade Nation YouTube channel video podcastzoom_in Trade Nation YouTube channel playlists videoszoom_in Trade Nation educational content Experts Explain series article detailzoom_in Trade Nation educational articleszoom_in
Major Forex PairsHYCM (Henyep)Trade Nation
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 HYCM (Henyep) Review Trade Nation Review
OverallHYCM (Henyep)Trade Nation
Overall Rating 4/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4.5/5 Stars
Offering of Investments 3.5/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3.5/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Trust Score 86 83
Winner check_circle
Review HYCM (Henyep) Review Trade Nation Review
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HYCM (Henyep) vs Trade Nation Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare HYCM (Henyep) vs Trade Nation.

Does HYCM (Henyep) or Trade Nation offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, Trade Nation offers better pricing overall for traders.

Is HYCM (Henyep) or Trade Nation safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Both HYCM (Henyep) and Trade Nation hold 2 global Tier-1 licenses. HYCM (Henyep) holds 2 global Tier-2 licenses, while Trade Nation holds 1. In our analysis of 23 international regulators across 50 brokers, HYCM (Henyep) earned a higher Trust Score than Trade Nation.

Which trading platform is better: HYCM (Henyep) or Trade Nation?

To compare the trading platforms of both HYCM (Henyep) and Trade Nation, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, HYCM (Henyep) offers a better experience. With research, HYCM (Henyep) offers superior market research. Finally, we found HYCM (Henyep) to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both HYCM (Henyep) and Trade Nation offer MetaTrader 4 (MT4).Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

HYCM (Henyep) provides traders 70 currency pairs (e.g., EUR/USD) compared to Trade Nation's 33 available pairs. Forex pairs aside, Trade Nation offers traders access to 601 CFDs while HYCM (Henyep) has 362 available CFDs, a difference of 239.

Can I trust HYCM (Henyep)?

HYCM is not publicly traded and does operate a bank. HYCM is authorised by two tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). HYCM is authorised by the following tier-1 regulators: Securities Futures Commission (SFC) and Financial Conduct Authority (FCA).

Can I trust Trade Nation?

Trade Nation is not publicly traded and does not operate a bank. Trade Nation is authorized by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust). Trade Nation is authorised by the following tier-1 regulator: Australian Securities & Investment Commission (ASIC) and Financial Conduct Authority (FCA).

Is HYCM (Henyep) 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 Trade Nation good?

Trade Nation’s well-designed, easy-to-use trading app is an innovative trading platform that’s great for beginner forex and CFD traders. However, if you’re a seasoned trader, you may find that Trade Nation lacks advanced features compared to the best trading platforms.

Overall winner: HYCM (Henyep)

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announcementPlease 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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