ETX Capital vs HYCM - Online Brokerage Comparison

ETX Capital vs HYCM | Compare Trading Brokers

ETX Capital vs HYCM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
$100MT4, ETX TraderPro5000+FCA
$100MT4, MT5300+FCA, CySEC, DFSA, CIMA

ETX Capital vs HYCM Comparison

Both brokers offer MT4 and support the use of Expert Advisors, allowing traders to use automated trading strategies on this online platform. ETX Capital has more markets on MT4 and on its ETX TraderPro platform offers considerably more. However HYCM also provides the successor to MT4, MT5 and has an expanded number of markets on this relative to MT4.

Both brokers allow Stocks CFD trading on MT4. While each has CFD trading, in the UK, ETX Capital can additionally provide spread betting (on MT4 and ETX TraderPro). ETX Capital is regulated by the FCA in the United Kingdom. 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 offer MT4, supporting automated and non-automated trading. ETX Capital additionally offers a relatively large number of markets to trade, on ETX TraderPro. HYCM additionally provides MT5.

Minimum deposit and key account features

The minimum deposit for ETX Capital is $100. The minimum deposit for HYCM is $100.

  • ETX Capital offers spread betting and CFD trading. It provides a range of features including webinars and seminars. For a minimum first deposit of £/$/€1,000, T&Cs apply, ETX Capital offers a dedicated account manager, news and updates from Trading Central and a free 8 hour trading course to be taken within 6 months.
  • 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

  • ETX Capital offers on ETX TraderPro Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks, Soft Commodities, ETFs, Bonds, Interest Rates and IPOs, with 5000+ available.
  • ETX Capital on MT4 offers Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks and Soft Commodities, with 200+ 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 and Precious Metals, with 45+ available.

ETX Capital has 60+ Forex pairs, HYCM has 45+ Forex pairs.

Cryptocurrency CFDs

  • ETX Capital offers Bitcoin, Ethereum, Litecoin, Ripple and Bitcoin Cash (as CFDs or for spread betting).
  • HYCM offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Monero, NEO, IOTA, Bitcoin Gold, Ethereum Classic, QTUM and Zcash.

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 ETX Capital offers Forex spreads without a commission charge from 0.6.
  • Maximum leverage for HYCM (CySEC or FCA regulated) is . Maximum leverage for ETX Capital (FCA regulated) is .

Commission charge

  • ETX Capital does not charge commissions, except for Shares CFDs.
  • HYCM charges a commission of $2 per lot per side on the Raw account.

Online trading platforms

Both offer MT4. ETX Capital additionally provides its ETX TraderPro platform. HYCM additionally offers MT5.

Why ETX Capital or HYCM ?

For traders who wish to trade using Expert Advisors (EAs) on MetaTrader 4 (MT4), both brokers allow this. However HYCM also offers MT5. ETX Capital can provide more markets on MT4, but the bulk of its offering is on ETX TraderPro, where it has a relatively large number of Stocks CFDs. In the UK, traders can also spread bet on MT4 and ETX TraderPro.

Comparison summary

  • Both brokers offer MT4 CFD trading
  • In the UK, ETX Capital provides MT4 spread betting
  • ETX Capital also offers CFD trading and in the UK spread betting on ETX TraderPro
  • ETX TraderPro has many more markets than MT4 (for either broker)
  • HYCM additionally offers MT5

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