Dukascopy vs HYCM - Online Brokerage Comparison

Dukascopy vs HYCM | Trading Brokers Comparison

Dukascopy vs HYCM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
$100MT4, JForex500+FCMC
$100MT4, MT5300+FCA, CySEC, CIMA, DFSA

Dukascopy vs HYCM Comparison

Both brokers offer MT4. However Dukascopy also provides JForex, with considerably more markets, while HYCM additionally offers MT5. Both brokers support automated trading on MT4, as does Dukascopy on JForex and HYCM on MT5. Dukascopy EU offers ECN trading and its parent company Dukascopy Bank SA operates the SWFX Marketplace, which connects traders to liquidity.

HYCM offers an account type, its Fixed account which does not support automated trading, but does have an expanded range of MT4 markets. For automated trading, Dukascopy has a wider range of markets on JForex, but a similar range to HYCM on MT4. Dukascopy is regulated by the FCMC in Latvia. HYCM is regulated by the FCA in the United Kingdom, the CySEC in Cyprus, the CIMA in the Cayman Islands and the DFSA in Dubai.

Quick comparison

Both offer trading on MT4, Dukascopy also provides JForex, with more markets.

Minimum deposit and key account features

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

  • Dukascopy offers one account type. A Swap-free (Islamic) account is available as well. Dukascopy offers webinars through the JForex 3 platform. Dukascopy offers traders access to the Swiss Foreign Exchange Marketplace liquidity pools, which it operates. The minimum trade size is 0.01 standard lots (1000 units).
  • 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.


  • Dukascopy offers Forex, Indices, Energy, Stocks, Cryptocurrencies, Metals and Soft Commodities, with 500+ available. On MT4, Dukascopy offers Forex, Gold and Silver with 40+ available.
  • HYCM offers Forex, Indices, Energy, Stocks, Cryptocurrencies, Metals and Soft Commodities, with 80+ available on MT4 and 300+ on MT5. On the MT4 Classic and Raw accounts, HYCM offers Forex, Gold and Silver, with 45+ available.

Dukascopy provides 60+ 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.
  • Dukascopy offers Bitcoin and Ethereum.


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

Commission charge

  • Dukascopy charges a commission which varies depending on the volume traded, the initial deposit and equity in the account.
  • For Forex, Dukascopy commissions range from $35 per million USD per side, to $10 per million USD traded per side.
  • For other markets except Stocks, Dukascopy commissions range from $52.5 per million USD per side, to $15 per million USD per side.
  • HYCM charges a commission of $2 per lot per side on the Raw account.


HYCM provides MT4 and MT5. Dukascopy provides MT4 and JForex.

Why Dukascopy or HYCM ?

Both brokers have features for automated trading offering MT4 and allowing Expert Advisors (MT4 robots). Dukascopy however provides ECN trading and says it does not restrict trading styles. They have a similar range of markets for automated traders on MT4, however, for non-automated traders, HYCM has an expanded range of markets on MT4. Overall, Dukascopy offers more markets as it has 500+ on JForex (i.e. it can offer a relatively large number of Stocks CFDs).

Comparison summary

  • Both offer CFD trading
  • Each has MT4 and a similar range of markets for automated trading
  • HYCM can offer a wider range of markets overall, on MT5
  • Dukascopy offers JForex, with more markets overall
  • Dukascopy provides access to the SWFX Marketplace connecting traders with liquidity
  • HYCM is a market maker broker
  • Dukascopy is FCMC regulated, HYCM is FCA, CySEC, DFSA and CIMA regulated

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