AAAFx vs HYCM - Trading Brokers Comparison

AAAFx vs HYCM | Online Brokerage Comparison

AAAFx vs HYCM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
$300MT4, ZTP Web Trader55+HCMC
$100MT4, MT5300+FCA, CIMA, CySEC, DFSA

AAAFx vs HYCM Comparison

Both brokers support automated trading on MT4, while HYCM also provides MT4's successor, MT5. Each has accounts which offer low spreads plus a commission charge, though HYCM has other accounts which do not. For non-automated traders, AAAFx offers a web trader, ZTP (though this can also support automated trading via ZuluScripts).

AAAFx is regulated by the HCMC in Greece. HYCM is regulated by the FCA in the United Kingdom, the CySEC in Cyprus, the CIMA in the Cayman Islands and the DFSA in Dubai.

Quick comparison

Both offer MT4, though AAAFx also has a web trader, ZTP and HYCM also offers MT5.

Minimum deposit and key account features

The minimum deposit for AAAFx is $300. The minimum deposit for HYCM is $100.

  • AAAFx offers CFD trading. AAAFx provides an Islamic account. For deposits higher than $100,000, AAAFx offers Institutional accounts, which have lower commission charges. AAAFx provides support for social and copy trading via ZuluTrade.
  • HYCM offers a Trading Central plug in and has an Economic Calendar, Forex Calculators, News, Market Outlook, Forex Education, Webinars and Seminars on its website. HYCM says that latency is as low at 12ms. The minimum trade size is 0.01 lots.
  • HYCM offers Fixed, Classic and Raw account and Islamic accounts for each. The Raw account charges commissions, the others do not. The Classic and Raw accounts allow Expert Advisors. The minimum deposit for the Fixed and Classic accounts is $100 and the minimum deposit for the Raw account is $200. There is also a VIP account which provides a dedicated account manager, comprehensive market analysis and lower spreads for the Fixed account, with a minimum deposit of $10,000.


  • AAAFx offers Forex, Indices, Energy, Metals, Cryptocurrencies and Bonds, with 55+ available.
  • HYCM offers Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks and Soft Commodities, with 80+ available on MT4 and 300+ on MT5. On the MT4 Classic and Raw accounts, HYCM offers Forex, Gold and Silver, with 45+ available.

Cryptocurrency CFDs

  • AAAFx offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple.
  • HYCM offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Monero, NEO, IOTA, Bitcoin Gold, Ethereum Classic, QTUM and Zcash


Maximum leverage for AAAFx (HCMC regulated) is . Maximum leverage for HYCM (CySEC or FCA regulated) is .

Commission charge

  • AAAFx charges a commission of $10 per lot per side for Forex and $8 for CFDs. It is possible to request no commissions trading, with a resulting increase in spreads. The Institutional account charges commissions of $3 per lot per side for transaction where USD is the currency base.
  • HYCM charges a commission of $2 per lot per side on the Raw account.


Both offer MT4. AAAFx also provides the ZTP web trader, while HYCM offers MT5.

Why AAAFx or HYCM ?

For automated traders, each offers support for automated trading. HYCM has additional provisions for traders who do not use robots and may wish to to trade on accounts which do not have a commission charge added to the raw spread. However, for non-automated traders, AAAFx offers a web trader (which can also support automated trading).

Comparison summary

  • Both offer CFD trading
  • Each provides MT4
  • AAAFx also offers the ZTP web trader
  • HYCM also provides MT5
  • Both allow automated trading
  • Each has a similar number of MT4 markets (though HYCM has a reduced range for automated MT4 traders)
  • Overall, HYCM has more markets, on MT5

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