AvaTrade vs HYCM - Online Brokerage Comparison

AvaTrade vs HYCM | Compare Trading Brokers

AvaTrade vs HYCM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$100MT4, AvaOptions250+CBI, FSC, ASIC, FSCA, FSA & FFAJ
$100MT4, MT5300+FCA, CySEC, DFSA, CIMA

AvaTrade vs HYCM Comparison

Both brokers offer MetaTrader 4 (MT4) trading. HYCM additionally provides the successor to MT4, Metatrader 5 (MT5). Both brokers allow the use of Expert Advisors (EAs), MT4 and MT5's automated trading strategies (robots).

With MT4 and MT5 the trader can execute their own trades or have robots execute trades for them, in accordance with the rules laid out in the strategy. While the trader may use ones already built, they can also modify them or build their own. MT4 and MT5 have a set of technical indicators built into the platform, but more can be added and the trader can also modify them or build their own.

AvaTrade offers trading in FX Options on a separate platform, AvaOptions. Each broker offers CFD trading, but in the UK, AvaTrade also provides MT4 spread betting.

AvaTrade is regulated by the CBI in Ireland, the ASIC in Australia, the FSCA in South Africa, the FSA and the FFAJ in Japan and the FSC in the British Virgin Islands.

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

Quick comparison

Both are MT4 brokers. HYCM additionally offers MT5. Each broker allows the use of EAs. AvaTrade offers FX Options on a separate platform (AvaOptions).

Minimum deposit and key account features

The minimum deposit for AvaTrade is $/€/£100. The minimum deposit for HYCM is $100.

  • AvaTrade provides an Economic Calendar on its web site, AutoChartist (for a $500 minimum deposit) and Sharp Trader (which has education and analysis). Additionally AvaTrade allows the trader to use DupliTrade and ZuluTrade, which support copy trading. AvaTrade allows the use of Expert Advisors.
  • 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.

Markets

  • AvaTrade offers spread betting (in the UK), in Forex, Indices, Energy, Metals and Cryptocurrencies, with 40+ available.
  • AvaTrade offers CFD trading in Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks, Soft Commodities, Options, ETFs and Bonds, with 200+ available. On AvaOptions, AvaTrade provides 40+ FX Options CFDs.
  • 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 and Precious Metals, with 45+ available.

Cryptocurrency CFDs

  • AvaTrade provides Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Bitcoin Gold, DASH, EOS and Stellar.
  • HYCM offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Bitcoin Gold, Monero, QTUM, NEO, IOTA, Ethereum Classic and Zcash.

Spreads and leverage

  • HYCM can offer low Forex spreads plus a commission charge. AvaTrade can offer Forex spreads from 0.9 without a commission charge while HYCM can offer Forex spreads from 1.3 without a commission charge.

Maximum leverage for AvaTrade (CBI regulated) is . Maximum leverage for HYCM (FCA or CySEC regulated) is .

Platforms

AvaTrade offers MT4 and AvaOptions as well as apps. HYCM provides MT4, MT5 and apps.

Why AvaTrade or HYCM ?

Traders who want to trade on MT4 can use either broker. Traders who wish to use EAs (online trading robots) can also do so at either broker. Those who want to use the successor to MT4, can find MT5 at HYCM. Traders wanting to trade FX Options can do so at AvaTrade on the AvaOptions platform.

Comparison summary

  • Both brokers offer CFD trading
  • In the UK, AvaTrade also provides MT4 spread betting
  • Both brokers offer MT4
  • HYCM additionally provides MT5
  • Each allows the trader to use EAs
  • AvaTrade offers FX Options trading on the AvaOptions platform

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