Binary.com vs HYCM - Online Brokerage Comparison

Binary.com vs HYCM | Compare Trading Brokers

Binary.com vs HYCM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
NoneMT5, Web Trader, Apps50+MFSA, VFSC
$100MT4, MT5, Apps300+FCA, CySEC, DFSA, CIMA

Binary.com vs HYCM Comparison

Both of these brokers offer MetaTrader 5 (MT5). HYCM additionally provides MetaTrader 4 (MT4). On MT5, HYCM can offer more markets to trade than Binary.com. Binary.com has a lower minimum deposit (which is none for MT5). Binary.com can offer 24/7 trading on MT5.

Binary.com is regulated by a range of bodies including the MFSA in Malta and the VFSC in Vanuatu.

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

Binary.com offers a web trader and MT5. HYCM provides MT5 and MT4. HYCM has more markets to trade. Binary.com has a lower minimum deposit.

Minimum deposit and key account features

The minimum deposit to use Binary.com's web trader is $5, but there is no minimum deposit to use MT5. The minimum deposit for HYCM is $100.

  • Binary.com offers a range of features on its website including webinars, an Economic Calendar and TradingView. When the trader has opened their account they gain access to the SmartTrader platform and can then open MT5 accounts. These accounts can include a Standard account, an Advanced STP account and a Synthetic Indices account (different accounts can be available in different countries). The minimum trade size is 0.01 lots.
  • 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

  • Binary.com offers trading on MT5 in Forex, Commodities, Indices and Cryptocurrencies, with 50+ available. It also offers 24/7 trading in simulated markets. The markets available can vary in different countries.
  • HYCM offers Forex, Commodities, Indices, Cryptocurrencies and Stocks, 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

  • Binary.com offers Bitcoin, Ethereum, Litecoin, Ripple, EOS, Bitcoin Cash, DASH and Emercoin.
  • HYCM offers Bitcoin, Ethereum, Litecoin, Ripple, EOS, Bitcoin Cash, NEO, Monero, Bitcoin Gold, QTUM, IOTA, Ethereum Classic and Zcash.

Leverage

Maximum leverage for Binary.com on CFDs on MT5 (MFSA regulated) is . Maximum leverage for Binary.com (VFSC regulated) on CFDs on MT5 is 100:1. Maximum leverage for Binary.com on MT5 Synthetic Indices is 1000:1. Maximum leverage for HYCM (FCA or CySEC regulated) is .

Online trading platforms

Binary.com offers a web trader and MT5. HYCM provides MT5 and MT4. Both offer mobile apps.

Why Binary.com or HYCM ?

Traders who want to trade on MT5 may do so at either broker. Traders who wish to trade on MT4 can do so at HYCM. Traders who want to trade 24/7 may do so at Binary.com, including with Cryptocurrency CFDs on MT5. Binary.com has no minimum deposit to trade on MT5. HYCM offers Stocks CFDs to trade, allowing it to offer considerably more markets to trade on MT5.

Comparison summary

  • Both brokers offer CFD trading
  • Each broker provides MT5
  • HYCM additionally offers MT4
  • Binary.com provide a web trader
  • HYCM has more markets on MT5
  • Binary.com offers 24/7 trading

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