FreshForex vs HYCM Comparison

Last updated Sep 23, 2025
FreshForex LogoFreshForex
4.1/5
RegisterTrading CFDs carries high risks. You may lose all invested funds
VS
HYCM LogoHYCM
4.2/5
Register71-74% of retail investors lose money when trading CFDs with this broker

We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.

Comparison Table of FreshForex and HYCM

BrokerFreshForexHYCM
Rating
4.1/5
4.2/5
Foundation Year20031976
Regulated in CountriesSaint Vincent and the GrenadinesUnited Kingdom, Cyprus, Cayman Islands, United Arab Emirates
Minimum Deposit
  • 25 USD
  • 100 USD
Spreadfrom 0 pointsfrom 0.1 points
Max Leverage1:20001:500
Trading Assets (CFDs)
  • Forex
  • Precious Metals
  • Energy Carriers
  • Indices
  • Stocks
  • ETF
  • Cryptocurrency
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • Cryptocurrency
Trading Platforms
  • MetaTrader 4
  • MetaTrader 5
  • MetaTrader 4
  • MetaTrader 5
ReviewFreshForex Review HYCM Review

FreshForex is suitable for beginners thanks to educational materials, a wide selection of instruments, and experienced traders looking for various accounts.

Broker HYCM is suitable for most traders, but some features may not meet the expectations of specific traders.

FreshForex Review

FreshForex Logo
RegisterTrading CFDs carries high risks. You may lose all invested funds
Countries of registration:
Regulators:
Trading Assets
Forex Precious Metals Energy Carriers Indices Stocks ETF Cryptocurrency
Trading Platforms
MetaTrader 4MetaTrader 5
compare FreshForex trading accounts

FreshForex is a broker with a long history in the market, a wide selection of trading accounts, high leverage, and an affordable minimum deposit. It is suitable for active traders who value flexibility in choosing trading instruments, are interested in high-risk strategies, and are willing to work with an offshore company without licenses from leading global regulators. Thanks to the availability of a demo account, a variety of analytical materials, and training courses, FreshForex may also be of interest to novice traders who want to hone their skills without making large investments.

Pros and Cons of FreshForex

Pros

  1. Extensive experience (since 2004).
  2. Minimum deposit from $25.
  3. Wide selection of currencies and cryptocurrencies for accounts.
  4. Various analytical and educational materials.

Cons

  1. No licenses from reputable regulators.
  2. High spreads and commissions on a number of instruments.
  3. No PAMM accounts or copy trading.
  4. No online chat or support via messengers.

FreshForex is in the top 10 of the following ratings:

HYCM Review

HYCM Logo
Register71-74% of retail investors lose money when trading CFDs with this broker
Countries of registration:
Trading Assets
Forex Precious Metals Energy Carriers Soft Commodities Indices Stocks Cryptocurrency
Trading Platforms
MetaTrader 4MetaTrader 5
compare HYCM trading accounts

HYCM is one of the Forex and CFD market leaders whose reputation is backed by strict regulation by major financial authorities such as the FCA, CySEC and DFSA. This ensures high protection of the client's funds and compliance with regulatory standards. The broker offers a wide range of trading platforms, including MetaTrader 4 and MetaTrader 5, recognized as some of the most reliable and functional in the industry. The variety of trading instruments available allows you to create a diverse investment portfolio, while a rich selection of educational resources supports traders at all stages of their professional development.

HYCM will be most suitable for traders looking for reliability and diversity in the toolkit without worrying about high commissions and a lack of innovative platforms. This broker is ideal for experienced traders who can use the analytical and educational resources provided to improve their trading strategies.

Pros and Cons of HYCM

Pros

  1. Well-regulated broker.
  2. An extensive set of educational materials.
  3. Diversity of trading assets.

Cons

  1. Absence of proprietary trading platform.
  2. No social trading.

HYCM is in the top 10 of the following ratings:

Reliability

BrokerFreshForexHYCM
Reliability
3/5
5/5
Foundation Year20031976
Regulated in CountriesSaint Vincent and the GrenadinesUnited Kingdom, Cyprus, Cayman Islands, United Arab Emirates
Regulators

FreshForex

FreshForex does not have licenses from leading global regulators, which increases the risks for clients. It operates in an offshore jurisdiction, so the level of investor protection is limited.

Pros

  1. Long-standing presence on the market (since 2004)

Cons

  1. Lack of regulation by authoritative bodies
  2. Limited legal protection for clients

HYCM

Broker HYCM provides high reliability and security, being under the control of various strict regulators around the world.

Account Opening

BrokerFreshForexHYCM
Account Opening
5/5
4.5/5
Minimum Deposit
  • 25 USD
  • 100 USD

FreshForex

Opening an account with FreshForex is quick, with detailed verification and a wide selection of currencies, including cryptocurrencies. The minimum deposit of $25 makes the broker accessible to most traders.

Pros

  1. Quick registration and verification
  2. Minimum deposit of $25
  3. Large selection of currencies and cryptocurrencies for accounts

HYCM

The account opening process at HYCM is simple and convenient, ensuring a smooth start for traders. However, verification and financial profile completion may take time.

Pros

  1. Quick registration, taking less than 5 minutes.
  2. Straightforward and understandable registration process.

Cons

  1. Necessity to fill out a detailed financial profile.
  2. Minimum deposit of $100 may be high for beginners.

Account Types

BrokerFreshForexHYCM
Account Types
4.5/5
3.5/5
Trading Accounts
  • Classic
  • Market Pro
  • ECN
  • Classic.Cent
  • Classic
  • Fixed
  • Raw
Minimum Deposit
  • 25 USD
  • 100 USD
Spreadfrom 0 pointsfrom 0.1 points
Max Leverage1:20001:500
Trading Assets (CFDs)
  • Forex
  • Precious Metals
  • Energy Carriers
  • Indices
  • Stocks
  • ETF
  • Cryptocurrency
  • Forex
  • Precious Metals
  • Energy Carriers
  • Soft Commodities
  • Indices
  • Stocks
  • Cryptocurrency
Trading Platforms
  • MetaTrader 4
  • MetaTrader 5
  • MetaTrader 4
  • MetaTrader 5
Demo Account
Swap-free Account

FreshForex

FreshForex offers a wide range of accounts, including ECN, cent, and Islamic accounts, as well as a demo account. However, the lack of PAMM and copy trading limits the options for passive investors.

Pros

  1. A variety of accounts for different levels of traders
  2. Islamic accounts and demo accounts are available

Cons

  1. No PAMM accounts or copy trading

HYCM

HYCM offers a variety of trading accounts suitable for different levels of experience, but some account types are missing.

Commissions

BrokerFreshForexHYCM
Commissions
3.2/5
3/5
Spreadfrom 0 pointsfrom 0.1 points
Average Spread (EURUSD)1.81.5
Commission per Lot$3.3$4

FreshForex

FreshForex's commissions are above average, especially for certain currency pairs, but the absence of inactivity fees and a unique cashback program partially compensate for this drawback.

Pros

  1. No inactivity fees
  2. No deposit/withdrawal fees
  3. Cashback program with different refund schemes

Cons

  1. High spreads and swaps
  2. Commissions on some pairs are above average

HYCM

HYCM charges average trading fees and an account inactivity fee.

Deposit and Withdrawal

BrokerFreshForexHYCM
Rating
5/5
5/5
Account Funding Methods
  • WebMoney
  • Volet
  • SticPay
  • M-Pesa
  • Bank Transfer
  • Visa
  • Mastercard
  • Мир
  • Online banking
  • Neteller
  • Skrill
  • Perfect Money
  • Swift
  • Visa
  • Mastercard

FreshForex

FreshForex ensures fast and convenient account funding and withdrawals with more than 20 methods without broker commissions.

Pros

  1. No commission for deposits/withdrawals
  2. Support for cryptocurrencies and e-wallets
  3. Fast processing of requests

HYCM

HYCM offers a flexible and cost-effective approach to account funding and withdrawal of funds.

Markets and Products

BrokerFreshForexHYCM
Markets and Products
4/5
5/5
Forex5272
Precious Metals135
Energy Carriers33
Indices1227
Stocks1331080
ETF7-
Cryptocurrency7128
Soft Commodities-4

FreshForex

FreshForex offers an extensive selection of trading instruments, but with limitations such as the absence of soft commodities and an average number of CFDs.

Pros

  1. Large number of currency pairs
  2. Wide selection of cryptocurrencies
  3. High leverage up to 1:2000

Cons

  1. No soft commodities or bonds
  2. Average number of CFDs on stocks

HYCM

HYCM offers a wide range of trading instruments, satisfying the diverse needs of traders.

Trading Platforms

BrokerFreshForexHYCM
Rating
4.5/5
4/5
Trading Platforms
  • MetaTrader 4
  • MetaTrader 5
  • MetaTrader 4
  • MetaTrader 5

FreshForex

FreshForex offers reliable and popular MT4 and MT5 platforms with a variety of tools and versions for different devices.

Pros

  1. Access to MT4 and MT5, proven platforms.
  2. A large arsenal of indicators and tools.
  3. Versions for PC, MacOS, iPhone, Android, and Web.

Cons

  1. Lack of proprietary or alternative platforms.
  2. May be complex for beginner traders.

HYCM

HYCM offers reliable and functional trading platforms MT4 and MT5, available on various devices and supporting automated trading.

Pros

  1. Availability of popular and functional platforms MT4 and MT5.
  2. Extensive capabilities for technical analysis and automated trading.
  3. Support for many devices, including desktop computers and mobile devices.

Cons

  1. Lack of a proprietary unique platform.

Analytics

BrokerFreshForexHYCM
Rating
5/5
4/5

FreshForex

FreshForex offers comprehensive and timely analytics, including a variety of analysis methods and useful tools for traders.

Pros

  1. Daily forecasts and Forex analytics.
  2. A variety of analysis methods.
  3. Additional tools such as a calculator and economic calendar.

HYCM

HYCM offers good analytical tools, but the regularity and variety of materials could be improved.

Education

BrokerFreshForexHYCM
Rating
5/5
4.5/5

FreshForex

FreshForex offers an extensive educational program, including webinars, consultations, and literature suitable for beginners.

Pros

  1. A variety of educational materials and courses.
  2. Free webinars and consultations with experts.
  3. A comprehensive glossary of Forex terms for beginners.

Cons

  1. Lack of advanced courses for experienced traders.

HYCM

HYCM's educational materials cover a wide range of topics and are available in various formats, making them useful for traders of different levels.

Customer Support

BrokerFreshForexHYCM
Rating
4/5
4/5
Email Support
  • info@freshforex.com
  • support@hycm.com
  • accounts@hycm.com
  • info@hycm.com
Hotline Phones
  • 8 800 333 88 08
  • +442088167812
  • +442039067347
Social Media

FreshForex

FreshForex's technical support is competent and responsive, but the lack of online chat and messengers slightly reduces the convenience of communication.

Pros

  1. Quick response to tickets and calls
  2. Polite and qualified staff

Cons

  1. No online chat
  2. No support via messengers

HYCM

HYCM provides efficient and professional technical support, with some nuances.

Pros

  1. A sufficiently broad range of communication channels.
  2. Quick and professional response.
  3. Positive client reviews.

Cons

  1. Lack of 24/7 support.
  2. Can only call an international phone number.
  3. Absence of messenger services among communication channels.

Comparisons of FreshForex and HYCM with other brokers

Nikolay is an experienced specialist in financial markets and co-founder of IamForexTrader. He has been successfully trading Forex since 2014 and has been actively involved in the cryptocurrency market since 2017.

He develops investment strategies adaptable to any level of experience and has been actively investing in stocks, bonds and ETFs since 2018.