FXOpen vs HYCM Comparison: Which Is Better for Traders?
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Who is better - FXOpen or HYCM?
Our pick: FXOpen
Based on multiple factors - spreads and fees, available assets and instruments, execution quality, platform usability, support level, and educational resources - FXOpen looks preferable to HYCM.
FXOpen scored 4.3/5 and ranks 30 in our all Forex brokers list, whereas HYCM has 4.2/5 and ranks 33.
This is not financial advice. See the full comparison below.
Who is FXOpen suitable for?
Broker FXOpen is suitable for professional traders and scalping enthusiasts but may not be ideal for beginners due to the lack of training.
Who is HYCM suitable for?
Broker HYCM is suitable for most traders, but some features may not meet the expectations of specific traders.
Comparison Table of FXOpen and HYCM
| Broker | FXOpen | HYCM |
|---|---|---|
| Rating | 4.3/5 | 4.2/5 |
| Foundation Year | 2004 | 1976 |
| Regulated in Countries | United Kingdom, Cyprus, Australia | United Kingdom, Cyprus, Cayman Islands, United Arab Emirates |
| Minimum Deposit |
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| Spread | from 0 points | from 0.1 points |
| Max Leverage | 1:500 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | FXOpen Review | HYCM Review |
FXOpen Review
FXOpen is a highly regulated broker with licenses from leading international bodies, which guarantees the safety of investments and compliance with strict standards. The broker offers a wide range of trading instruments, allowing traders to diversify their portfolios. Low spreads and commissions make FXOpen an attractive choice for those looking for a cost-effective trading environment. The availability of various platforms gives traders the flexibility to choose a trading instrument.
FXOpen is ideal for experienced traders who can analyze the market independently and make informed trading decisions without significant educational support. The broker is especially attractive to those who seek variety in trading tools and prefer to use advanced trading platforms.
Pros and Cons of FXOpen
Pros
- Wide range of trading assets.
- Low spreads and commissions.
- Support for various trading platforms.
Cons
- Lack of educational materials.
FXOpen 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 | FXOpen | HYCM |
|---|---|---|
| Reliability | 5/5 | 5/5 |
| Foundation Year | 2004 | 1976 |
| Regulated in Countries | United Kingdom, Cyprus, Australia | United Kingdom, Cyprus, Cayman Islands, United Arab Emirates |
| Regulators |
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FXOpen
FxOpen is a reliable and regulated broker, licensed in many countries, ensuring the safety of funds and a high standard of services.
HYCM
Broker HYCM provides high reliability and security, being under the control of various strict regulators around the world.
Account Opening
| Broker | FXOpen | HYCM |
|---|---|---|
| Account Opening | 5/5 | 4.5/5 |
| Minimum Deposit |
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FXOpen
FxOpen provides a simple and convenient account opening process, with an emphasis on security and compliance with regulatory requirements.
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 | FXOpen | HYCM |
|---|---|---|
| Account Types | 5/5 | 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 | 1:500 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
FXOpen
FxOpen offers a wide selection of trading accounts and additional services.
HYCM
HYCM offers a variety of trading accounts suitable for different levels of experience, but some account types are missing.
Commissions
| Broker | FXOpen | HYCM |
|---|---|---|
| Commissions | 3/5 | 3/5 |
| Spread | from 0 points | from 0.1 points |
| Average Spread (EURUSD) | 1.2 | 1.5 |
| Commission per Lot | $3.5 | $4 |
FXOpen
FxOpen's commissions are average in the market, with competitive spreads, but high swap rates and inactivity fees.
HYCM
HYCM charges average trading fees and an account inactivity fee.
Deposit and Withdrawal
| Broker | FXOpen | HYCM |
|---|---|---|
| Rating | 4.2/5 | 5/5 |
| Account Funding Methods |
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FXOpen
FxOpen offers a variety of deposit and withdrawal methods.
Pros
- A large selection of payment systems and cryptocurrencies.
- Fast processing of withdrawal requests.
Cons
- No bank transfer option.
- High commissions for credit cards from the provider.
HYCM
HYCM offers a flexible and cost-effective approach to account funding and withdrawal of funds.
Markets and Products
| Broker | FXOpen | HYCM |
|---|---|---|
| Markets and Products | 4.6/5 | 5/5 |
| Forex | 66 | 72 |
| Precious Metals | 3 | 5 |
| Energy Carriers | 3 | 3 |
| Indices | 12 | 27 |
| Stocks | 553 | 1080 |
| ETF | 56 | - |
| Cryptocurrency | 41 | 28 |
| Soft Commodities | - | 4 |
FXOpen
FxOpen offers a good selection of assets but without soft commodities.
HYCM
HYCM offers a wide range of trading instruments, satisfying the diverse needs of traders.
Trading Platforms
| Broker | FXOpen | HYCM |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Trading Platforms |
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FXOpen
FXOpen offers a wide range of trading platforms, catering to different types of traders.
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 | FXOpen | HYCM |
|---|---|---|
| Rating | 4/5 | 4/5 |
FXOpen
FXOpen provides a solid package of analytical tools, offering traders valuable resources for making trading decisions.
HYCM
HYCM offers good analytical tools, but the regularity and variety of materials could be improved.
Education
| Broker | FXOpen | HYCM |
|---|---|---|
| Rating | 2/5 | 4.5/5 |
FXOpen
FXOpen invests little in trader education, offering only basic articles and a glossary of terms.
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 | FXOpen | HYCM |
|---|---|---|
| Rating | 4.5/5 | 4/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
YouTube
Facebook
Twitter
Telegram
LinkedIn
Whatsapp
InstagramFXOpen
FXOpen offers reliable support, and a variety of communication channels adds flexibility.
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.
Comparisons of FXOpen and HYCM with other brokers
Conclusion
FXOpen stands out as the better overall pick, while HYCM trails on aggregate criteria.
FXOpen scored 4.3/5 and ranks 30 in our rating; HYCM has 4.2/5 and ranks 33.
We explain the reasons above in detail — fees, platforms, reliability, support, and more.
FAQ
Which broker is better: FXOpen or HYCM?
FXOpen comes out ahead by overall rank (score 4.3/5, position 30) versus HYCM (score 4.2/5, position 33).
Which broker is better for beginners: FXOpen or HYCM?
FXOpen is often a smoother start thanks to simpler onboarding and stronger baseline metrics. Still, your tools and budget should drive the final choice.
Who has lower typical trading costs (spreads/commissions) — FXOpen or HYCM?
It depends on the instrument and account type. Compare the live conditions in the “Commissions” section on this page — we break down the nuances category by category.
What trading platforms are available with FXOpen and HYCM?
FXOpen: MetaTrader 4, MetaTrader 5, TickTrader, TradingView. HYCM: MetaTrader 4, MetaTrader 5. See the “Platforms” section for details and selection tips.
What markets can you trade with FXOpen and HYCM?
FXOpen: Forex, Precious Metals, Energy Carriers, Indices, Stocks, ETF, Cryptocurrency. HYCM: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, Cryptocurrency. Full lists and differences are in the “Markets” section.
What account types are offered by FXOpen and HYCM?
FXOpen: STP, ECN, Micro, Crypto. HYCM: Classic, Fixed, Raw. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by FXOpen and HYCM?
FXOpen: WebMoney, Volet, FasaPay, Visa, Mastercard, JCB, Discover. HYCM: Neteller, Skrill, Perfect Money, Swift, Visa, Mastercard. Check method-specific fees/settlement times.
Which broker is safer — FXOpen or HYCM — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
