eToro vs HYCM Comparison - Trading Brokers Comparison

HYCM vs eToro | Online Brokerage Comparison

HYCM vs eToro Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
$100MT4, MT5300+FCA, CySEC, DFSA, CIMA
$200Web Trader & Apps1000+FCA, CySEC, ASIC

HYCM vs eToro Comparison

eToro is a Social Investment Network, offering a user friendly trading platform which allows the trader to trade 1000+ markets and inform their trading with the idea of other traders (i.e. social trading). HYCM is an MT4 and MT5 broker, which provides accounts supporting both automated (with MT4 and MT5 Expert Advisors trading robots) and non-automated trading. eToro also provides the capacity to auto trade, where trades of other traders are copied into the trader's own account. This is a different kind of automation from Expert Advisors, as in this case, computer programs execute automated trading strategies on behalf of the trader (following a pre-programmed set of rules or algorithms).

When trading a CFD, the trader does not own the underlying market. HYCM provides Stocks and Cryptocurrency CFD trading. eToro offers Stocks and Cryptos to own when bought (except at the ASIC regulated eToro which just offers CFDs).

eToro is regulated by the FCA in the United Kingdom, the CySEC in Cyprus and the ASIC in Australia. 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

eToro provides social and copy trading and 1000+ markets, HYCM supports both non-automated trading and automated trading with online trading robots on MT4 and MT5.

Minimum deposit and key account features

The minimum deposit for HYCM is $100. The minimum deposit for eToro is $200.

  • eToro is a Social Trading Platform and Network which supports trading, social trading as well as auto trading by copying other traders (or being copied) and provides products based on this network. eToro offers the eToro Club, which is a tiered program with additional features depending on account equity (which can include personalised service and event invitations), starting at $5000 (Silver) and going up to Diamond ($250,000). 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.


  • eToro offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies, Soft Commodities, ETFs and Bonds, with 1000+ available.
  • HYCM offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies 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.

eToro has 45+ Forex pairs, HYCM has 60+ Forex pairs.


  • eToro offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, NEO, IOTA, Ethereum Classic, Zcash, Dash, EOS, Cardano, Stellar, TRON, Tezos and Binance Coin.
  • HYCM offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, NEO, IOTA, Ethereum Classic, Zcash, Monero, Bitcoin Gold and QTUM.

Spreads and leverage

  • HYCM may offer very low Forex spreads for the most liquid Forex pairs, plus a commission charge. HYCM also offers Forex spreads without a commission charge from 1.3 and eToro offers Forex spreads from 3 without a commission charge.
  • Maximum leverage for HYCM (CySEC or FCA regulated) is . Maximum leverage for eToro (CySEC or FCA regulated) is .

Commission charge

  • HYCM charges a commission of $2 per lot per side on the Raw account.
  • eToro does not charge Forex commissions.

Online trading platforms

eToro provides a web trader and apps, HYCM offers MT4 and MT5.

Why eToro or HYCM ?

For traders who make their own trading decisions and wish to inform their trading with the idea of other traders, then eToro provides this functionality on a user friendly trading platform. As well, eToro allows the trader to copy the traders of other traders into their account. HYCM is an MT4 and MT5 broker and offers accounts which allow Expert Advisors (EAs) and one which does not. EAs are automated trading strategies which trade on behalf of the trader.

Comparison summary

  • Both offer CFD trading
  • At FCA and CySEC regulated eToro, Cryptos and Stocks are offered to own when bought (they are not CFDs)
  • eToro has a user friendly trading platform
  • HYCM offers MT4 and MT5 and supports the use of Expert Advisors
  • eToro's platform has social and copy trading tools
  • eToro can offer more markets to trade

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