FXCM vs HYCM Comparison
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 FXCM and HYCM
| Broker | FXCM | HYCM |
|---|---|---|
| Rating | 4.3/5 | 4.2/5 |
| Foundation Year | 1999 | 1976 |
| Regulated in Countries | United Kingdom, Australia, Cyprus, South Africa, Canada, Israel, Saint Vincent and the Grenadines | United Kingdom, Cyprus, Cayman Islands, United Arab Emirates |
| Minimum Deposit |
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| Spread | from 0 points | from 0.1 points |
| Max Leverage | 1:1000 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | FXCM Review | HYCM Review |
FXCM is suitable for traders of all levels. Beginners will find educational materials and helpful analytics, while experienced traders will appreciate various instruments and flexible platforms.
Broker HYCM is suitable for most traders, but some features may not meet the expectations of specific traders.
FXCM Review
FXCM represents a comprehensive solution that will benefit traders of all levels — from beginners to professionals. Beginners will appreciate the accessible educational materials and analytics, while experienced traders can use various instruments and flexible platform settings.
However, it's essential to consider drawbacks such as fees for account inactivity and the limited variety of trading accounts. These factors may be particularly significant for traders who do not plan to trade actively or are looking for more options for customization.
The broker offers a good balance between high-quality services and reasonable rates, making it an attractive choice for a broad spectrum of traders.
Pros and Cons of FXCM
Pros
- Diverse methods for deposit and withdrawal.
- Wide range of markets and products for trading.
- A broad spectrum of trading platforms.
- Extensive and quality materials for making informed decisions.
- Quick and efficient help in solving emerging issues.
Cons
- Insufficient variety of trading accounts.
- Inactivity fees and commissions for bank transfer withdrawals.
- Protracted account opening and verification process.
FXCM is in the top 10 of the following ratings:
HYCM Review
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
- Well-regulated broker.
- An extensive set of educational materials.
- Diversity of trading assets.
Cons
- Absence of proprietary trading platform.
- No social trading.
HYCM is in the top 10 of the following ratings:
Reliability
| Broker | FXCM | HYCM |
|---|---|---|
| Reliability | 5/5 | 5/5 |
| Foundation Year | 1999 | 1976 |
| Regulated in Countries | United Kingdom, Australia, Cyprus, South Africa, Canada, Israel, Saint Vincent and the Grenadines | United Kingdom, Cyprus, Cayman Islands, United Arab Emirates |
| Regulators | FCA FCA ASIC ASIC CySEC CySEC FSCA FSCA CIRO CIRO ISA ISA SVGFSA SVGFSA | FCA FCA CySEC CySEC CIMA CIMA SVGFSA SVGFSA DFSA DFSA |
FXCM
FXCM is a well-regulated broker with numerous licenses from various global organizations.
HYCM
Broker HYCM provides high reliability and security, being under the control of various strict regulators around the world.
Account Opening
| Broker | FXCM | HYCM |
|---|---|---|
| Account Opening | 4/5 | 4.5/5 |
| Minimum Deposit |
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FXCM
The account opening process at FXCM is logically organized and efficient, providing clear steps for traders. The structured system and quick verification make this process convenient and straightforward.
Pros
- Clear and structured registration form.
Cons
- Verification waiting time can take up to 3 days.
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
- Quick registration, taking less than 5 minutes.
- Straightforward and understandable registration process.
Cons
- Necessity to fill out a detailed financial profile.
- Minimum deposit of $100 may be high for beginners.
Account Types
| Broker | FXCM | HYCM |
|---|---|---|
| Account Types | 4/5 | 3.5/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0 points | from 0.1 points |
| Max Leverage | 1:1000 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
FXCM
FXCM offers two types of accounts: Mini for beginners and Standard for experienced traders. Although the choice is not vast, both accounts are well adapted for their target audiences.
Pros
- Mini account available - akin to a cent account.
- Option for copy trading through ZuluTrade.
- Demo and Islamic accounts available.
Cons
- Limited selection of account types.
- No account with fixed spreads.
HYCM
HYCM offers a variety of trading accounts suitable for different levels of experience, but some account types are missing.
Commissions
| Broker | FXCM | HYCM |
|---|---|---|
| Commissions | 3.2/5 | 3/5 |
| Spread | from 0 points | from 0.1 points |
| Average Spread (EURUSD) | 1.2 | 1.5 |
| Commission per Lot | $4 |
FXCM
Commissions at FXCM are average. The broker offers favorable conditions for long-term trading thanks to competitive spreads and swaps. However, there is an inactivity fee and a fee for fund withdrawal.
Pros
- Competitive spreads and swaps.
- Rebate program for active traders.
Cons
- Inactivity fee.
- Fee for withdrawals via bank transfer.
HYCM
HYCM charges average trading fees and an account inactivity fee.
Deposit and Withdrawal
| Broker | FXCM | HYCM |
|---|---|---|
| Rating | 4.5/5 | 5/5 |
| Account Funding Methods |
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FXCM
FXCM offers a wide range of methods for depositing and withdrawing funds, including cryptocurrencies.
Pros
- Variety of deposit methods.
- Fast processing of withdrawal requests.
- No broker commissions for depositing.
Cons
- Commission for withdrawals via bank transfer.
HYCM
HYCM offers a flexible and cost-effective approach to account funding and withdrawal of funds.
Markets and Products
| Broker | FXCM | HYCM |
|---|---|---|
| Markets and Products | 4.5/5 | 5/5 |
| Forex | 41 | 72 |
| Precious Metals | 3 | 5 |
| Energy Carriers | 7 | 3 |
| Soft Commodities | 4 | 4 |
| Indices | 15 | 27 |
| Stocks | 3512 | 1080 |
| ETF | 280 | - |
| Cryptocurrency | 23 | 28 |
FXCM
FXCM provides a wide range of trading instruments, making it attractive for various categories of traders. Different markets, from Forex to stocks and cryptocurrencies, are available.
Pros
- Good selection of markets and instruments.
Cons
- Some competitors have even more CFDs.
HYCM
HYCM offers a wide range of trading instruments, satisfying the diverse needs of traders.
Trading Platforms
| Broker | FXCM | HYCM |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Trading Platforms |
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FXCM
FXCM offers a wide choice of trading platforms with high functionality, meeting the needs of different traders.
Pros
- Wide choice of platforms for different trading styles.
- Advanced analytical tools in Trading Station.
- Support for algorithmic and social trading through Capitalise AI and ZuluTrade.
HYCM
HYCM offers reliable and functional trading platforms MT4 and MT5, available on various devices and supporting automated trading.
Pros
- Availability of popular and functional platforms MT4 and MT5.
- Extensive capabilities for technical analysis and automated trading.
- Support for many devices, including desktop computers and mobile devices.
Cons
- Lack of a proprietary unique platform.
Analytics
| Broker | FXCM | HYCM |
|---|---|---|
| Rating | 5/5 | 4/5 |
FXCM
FXCM offers comprehensive analytical tools, from trading signals to expert research. These resources not only simplify trading decisions but also help to improve strategy.
Pros
- Wide range of analytical tools.
- Professional signals and market analysis.
- Personalized trading applications.
Cons
- Some tools may require a subscription or active account.
- Lack of analytics localization in different languages.
HYCM
HYCM offers good analytical tools, but the regularity and variety of materials could be improved.
Education
| Broker | FXCM | HYCM |
|---|---|---|
| Rating | 4/5 | 4.5/5 |
FXCM
The broker offers quality webinars and helpful guides that make the learning process informative and interactive.
Pros
- Webinars with experts for direct interaction.
- Detailed Forex guides.
- Materials suitable for traders of all levels.
Cons
- Lack of video courses.
- No podcasts for audio learning.
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
| Broker | FXCM | HYCM |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Whatsapp
YouTube
Twitter
Facebook
LinkedIn
InstagramFXCM
FXCM's technical support is highly rated for its variety of communication channels and quick response. Customer reviews confirm the professionalism and efficiency of the staff.
Pros
- Multiple channels of communication, including WhatsApp and live chat.
- Available 24/5.
- High degree of customer satisfaction.
Cons
- There may be telephone charges for international calls.
HYCM
HYCM provides efficient and professional technical support, with some nuances.
Pros
- A sufficiently broad range of communication channels.
- Quick and professional response.
- Positive client reviews.
Cons
- Lack of 24/7 support.
- Can only call an international phone number.
- Absence of messenger services among communication channels.
