HYCM vs PrimeXBT Comparison
Compare trading conditions, commissions and platforms of Forex brokers HYCM and PrimeXBT. Find out which broker is best for you.
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 - HYCM or PrimeXBT?
Key differences between the brokers
Below, we show only the differences in trading conditions covered in our reviews. These may include the minimum deposit, available markets, platforms and account types. Compare these details with your requirements.
HYCM
- Minimum deposit · USD
- 100 USD
- Different platforms
- MetaTrader 4
PrimeXBT
- Minimum deposit · USD
- 10 USD
- Different platforms
- PXTrader
Comparison Table of HYCM and PrimeXBT
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| Broker | HYCM | PrimeXBT |
|---|---|---|
| Foundation Year | 1977 | 2018 |
| Regulated in Countries | United Kingdom, Cyprus, Cayman Islands, United Arab Emirates | South Africa, Seychelles, El Salvador, Mauritius |
| Minimum Deposit |
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| Spread | from 0.1 points | from 0.1 points |
| Max Leverage | 1:500 | 1:2000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review |
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:
PrimeXBT Review
PrimeXBT is an excellent platform for active Forex and cryptocurrency traders, scalpers, high-leverage enthusiasts, and those who value rapid registration, low fees, and integrated copy trading. The platform is particularly attractive if you combine margin trading on traditional markets with crypto futures, and do not require spot ETFs, bonds, or first-tier licenses (FCA/CySEC). Moreover, extensive tournaments, bonuses, and VIP discounts make it appealing for beginner traders looking to start without large deposits.
Pros and Cons of PrimeXBT
Pros
- Fast registration and verification.
- Tight spreads and low fees on crypto futures.
- Unified account for Forex, CFDs, cryptocurrencies, copy trading, and tournaments.
- No inactivity fees.
- 3 free fiat withdrawals per month.
- 24/7 customer support.
Cons
- Second-tier regulation (FSA Seychelles, FSCA South Africa; no FCA/CySEC).
- Balance denominated only in USD – potential conversion costs.
- No telephone support.
PrimeXBT is in the top 10 of the following ratings:
Reliability
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| Broker | HYCM | PrimeXBT |
|---|---|---|
| Reliability | 5/5 | 4.6/5 |
| Foundation Year | 1977 | 2018 |
| Regulated in Countries | United Kingdom, Cyprus, Cayman Islands, United Arab Emirates | South Africa, Seychelles, El Salvador, Mauritius |
| Regulators |
HYCM
Broker HYCM provides high reliability and security, being under the control of various strict regulators around the world.
PrimeXBT
FSCA and FSA licenses, segregated accounts, NBP, and FinCom membership enhance protection; however, the absence of reputable regulators (FCA, ASIC) presents a moderate jurisdictional risk.
Pros
- Multi-tier regulation
- Segregation of funds and NBP
- External arbitration (Financial Commission)
Cons
- Lacks licenses from more stringent regulators (FCA, ASIC)
Account Opening
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| Broker | HYCM | PrimeXBT |
|---|---|---|
| Account Opening | 4.5/5 | 5/5 |
| Minimum Deposit |
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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.
PrimeXBT
Opening an account on PrimeXBT is simple: just an email and password, with no lengthy forms required. KYC is auto-verified in about 2 minutes, and deposits start at only $10. The entire process from registration to trading takes roughly 5-10 minutes.
Pros
- Instant registration
- Automated KYC within minutes
- Deposit from $10
Account Types
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| Broker | HYCM | PrimeXBT |
|---|---|---|
| Account Types | 3.5/5 | 4/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0.1 points | from 0.1 points |
| Max Leverage | 1:500 | 1:2000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | Yes | Yes |
| Swap-free Account | Yes | Yes |
HYCM
HYCM offers a variety of trading accounts suitable for different levels of experience, but some account types are missing.
PrimeXBT
PrimeXBT’s unified account covers FX/CFD, crypto futures, copy trading, and VIP, streamlining balance management. However, the lack of cent, and fixed-spread options slightly limits the choice.
Pros
- Single balance for all markets
- Automatic VIP status based on volume
- Integrated copy trading
Cons
- Absence of cent accounts
- Fixed spreads are not supported
Commissions
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| Broker | HYCM | PrimeXBT |
|---|---|---|
| Commissions | 3/5 | 4.5/5 |
| Spread | from 0.1 points | from 0.1 points |
| Average Spread (EURUSD) | 1.5 | 0.9 |
| Commission | per 1 lot$4.00 | No data |
HYCM
HYCM charges average trading fees and an account inactivity fee.
PrimeXBT
PrimeXBT’s fees are below market standards, featuring tight spreads for CFD trading and low fees for crypto futures trading. Additionally, there are no charges for deposits or account inactivity.
Pros
- Spreads from 0.1 pips
- VIP discounts
- No inactivity fees
Cons
- Market-average swap rates
Deposit and Withdrawal
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| Broker | HYCM | PrimeXBT |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Account Funding Methods |
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HYCM
HYCM offers a flexible and cost-effective approach to account funding and withdrawal of funds.
PrimeXBT
A wide range of deposit and withdrawal methods, instant funding, and 3 free fiat withdrawals per month make transactions convenient. Fees apply only after exceeding the free limit and when withdrawing via card.
Pros
- 0% deposit fee
- 3 free fiat withdrawals
- Fast order processing
Cons
- Account denominated only in USD
Markets and Products
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| Broker | HYCM | PrimeXBT |
|---|---|---|
| Markets and Products | 5/5 | 4.5/5 |
| Forex | 72 | 99 |
| Precious Metals | 5 | 12 |
| Energy Carriers | 3 | 4 |
| Soft Commodities | 4 | 8 |
| Indices | 27 | 19 |
| Stocks | 1080 | 16 |
| Cryptocurrency | 28 | 135 |
HYCM
HYCM offers a wide range of trading instruments, satisfying the diverse needs of traders.
PrimeXBT
PrimeXBT offers over 100 instruments across FX, indices, commodities, stocks, and crypto futures, catering well to active traders.
Pros
- All key asset classes
- Single account for all markets
- Crypto futures and copy trading
Cons
- No spot ETFs/bonds
- Limited selection of stocks
Trading Platforms
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| Broker | HYCM | PrimeXBT |
|---|---|---|
| Rating | 4/5 | 4/5 |
| Trading Platforms |
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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.
PrimeXBT
PXTrader is user-friendly, and MT5 provides automation features. While PrimeXBT offers a sufficient selection of platforms, it isn’t extensive.
Pros
- Mobile and web-based PXTrader platform
- Classic MetaTrader 5
- Built-in copy trading
Cons
- MT5 is not available in all regions
- Only two platforms offered (no cTrader or TradingView)
Analytics
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| Broker | HYCM | PrimeXBT |
|---|---|---|
| Rating | 4/5 | 4/5 |
HYCM
HYCM offers good analytical tools, but the regularity and variety of materials could be improved.
PrimeXBT
PrimeXBT provides a basic suite of analytics including live charts, an economic calendar, and daily market overviews. This set is adequate for most users, though advanced screeners and signals are missing.
Pros
- 50+ chart indicators
- Economic calendar
- Daily market research
Cons
- No screeners/signals
- Limited depth of analysis
Education
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| Broker | HYCM | PrimeXBT |
|---|---|---|
| Rating | 4.5/5 | 3/5 |
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.
PrimeXBT
PrimeXBT offers an extensive library of articles and a comprehensive glossary spanning both basic and advanced topics, though it lacks video courses.
Pros
- 200+ articles covering various levels
- Free access without registration
Cons
- No video tutorials
- Limited interactive content
Customer Support
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| Broker | HYCM | PrimeXBT |
|---|---|---|
| Rating | 4/5 | 4/5 |
| Email Support | ||
| Hotline Phones | — | |
| Social Media |
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.
PrimeXBT
PrimeXBT’s support is fast and friendly: the 24/7 chat responds within minutes, and email queries receive a reply shortly after. While multiple channels exist, there is no telephone or messenger support.
Pros
- 24/7 online chat
- Multilingual operators
Cons
- No phone or messenger support
Comparisons of HYCM and PrimeXBT with other brokers
Conclusion
When choosing between PrimeXBT and HYCM, match their platforms, markets, account types and funding terms to your needs.
Before opening an account, verify fees, regulation, support and service availability for your country in the sections above.
FAQ
Which broker is better: HYCM or PrimeXBT?
PrimeXBT ranks higher than HYCM in our editorial ranking. That does not make it a universal choice: compare fees, markets, platforms, account types and support.
Which broker is better for beginners: HYCM or PrimeXBT?
Beginners should compare availability in their country, account types, minimum deposit, trading platforms and customer support.
Who has lower typical trading costs (spreads/commissions) — HYCM or PrimeXBT?
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 HYCM and PrimeXBT?
HYCM: MetaTrader 4, MetaTrader 5. PrimeXBT: PXTrader, MetaTrader 5. See the “Platforms” section for details and selection tips.
What markets can you trade with HYCM and PrimeXBT?
HYCM: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, Cryptocurrency. PrimeXBT: 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 HYCM and PrimeXBT?
HYCM: Classic, Fixed, Raw. PrimeXBT: PXTrader. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by HYCM and PrimeXBT?
HYCM: Neteller, Skrill, Swift, Visa, Mastercard. PrimeXBT: Volet, Neteller, Skrill, Binance Pay, Swift, Visa, Mastercard. Check method-specific fees/settlement times.
Which broker is safer — HYCM or PrimeXBT — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
