FXCC vs HYCM - Trading Brokers Comparison

FXCC vs HYCM | Online Brokerage Comparison

FXCC vs HYCM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
$100MT425+CySEC
$100MT4, MT5300+FCA, CIMA, CySEC, DFSA

FXCC vs HYCM Comparison

These are both MT4 brokers and can offer trading suited to Expert Advisors (EAs), offering what can be low spreads plus a commission charge. However HYCM additionally provides MT4's successor, MT5. HYCM also offers other accounts which do not charge commissions and can have higher spreads (one of which also allows EAs). However FXCC has an account which can provide spreads without a commission charge or mark-up. FXCC is an MT4 ECN broker.

On their EAs friendly MT4 accounts, both brokers have a similar range of markets, though on its ECN Advanced account FXCC can offer a wider range. Overall, taking into account its Fixed account which does not support EAs, HYCM has a considerably wider range of MT4 markets. So comparatively speaking, HYCM is arguably more suited to traders who may wish to use MT4 for both automated and non-automated strategies, while FXCC is particularly suited to automated trading.

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

Quick comparison

Both are MT4 brokers, though FXCC is an MT4 ECN broker and HYCM also offers MT5. HYCM can provide a wider range of markets to trade overall.

Minimum deposit and key account features

The minimum deposit for FXCC is $100. The minimum deposit for HYCM is $100.

  • FXCC provides three account types. These are the ECN Standard account, the ECN XL account and the ECN Advanced account. FXCC's ECN XL account has a minimum deposit of $100, the ECN Standard account has a minimum deposit of $10,000 and the ECN Advanced account has a minimum deposit of $100,000.
  • All FXCC account types provide the MT4 platform, ECN/STP order execution, mobile trading, free technical analysis, SMS notifications, VPS, Economic Calendar and Trading Tools, allow Expert Advisors, scalping and hedging and provide a personal account manager. The ECN XL account additionally can offer zero commissions (T&Cs apply) and zero mark-up. The ECN Advanced account provides more markets to trade than the other account types (200+ vs 30). All trading styles are allowed at FXCC and a news feed and analysis is available on the website.
  • 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

  • FXCC offers Forex, Indices and Precious Metals on the ECN Advanced account, with 200+ available. On the ECN Standard and the ECN XL account, FXCC provides Forex and Precious Metals, with 25+ 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.

FXCC provides 25+ Forex pairs, HYCM provides 60+ Forex pairs

Cryptocurrency CFDs

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

Spreads and leverage

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

Commission charge

  • FXCC's ECN XL account does not charge commissions.
  • FXCC's ECN Standard account charges commissions of 0.75 pips per lot per side for Forex and $7.5 per lot per side for Metals.
  • FXCC's ECN Advanced account charges commissions of 0.4 pips per lot per side for Forex and $4 per lot per side for Metals, Energy and Indices.
  • HYCM charges a commission of $2 per lot per side on the Raw account.

Online trading platforms

Both offer MT4. HYCM additionally provides MT5.

Why FXCC or HYCM ?

Both support the use of MT4 trading robots (Expert Advisors - EAs), though HYCM also offers MT4's successor, MT5 which also supports EAs. All of FXCC's accounts allow EAs, however HYCM's Fixed account does not. FXCC offers its ECN XL account which can gives the trader ECN caliber spreads, without a commission charge. For traders who wish to trade larger volumes, then FXCC offers an ECN Advanced account with a considerably higher minimum deposit. Both brokers have a limited range of markets for EAs, but the ECN Advanced account extends this range to Indices.

Key comparative difference

FXCC has an account which can offer ECN spreads, without a commission charge, while HYCM offers MT5 in addition to MT4.

Comparison summary

  • Both offer CFD trading
  • FXCC is an ECN broker
  • Each offers MT4
  • HYCM also provides MT5
  • Both offer accounts suited for trading with Expert Advisors
  • FXCC can provide an account which has ECN caliber spreads, without a commission charge
  • Both have a similar range of markets for MT4 EA trading
  • Each has the same minimum deposit
  • FXCC can offer Indices EA trading for a considerably higher minimum deposit
  • HYCM has a wider range of markets on its non-EA MT4 Fixed account
  • Overall, HYCM has more markets, on MT5
  • Both are CySEC regulated

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