easyMarkets vs HYCM - Online Brokerage Comparison

easyMarkets vs HYCM | CFD Broker Comparison

easyMarkets vs HYCM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
$300MT4, Web Trader & Apps300+CySEC, ASIC
$100MT4, MT5300+FCA, CySEC, DFSA, CIMA

easyMarkets vs HYCM Comparison

Both brokers provide trading on MT4, supporting the use of both non-automated trading and trading with automated trading strategies (Expert Advisors). HYCM additionally offers the successor to MT4, namely MT5. easyMarkets additionally provides a web trader and apps.

easyMarkets offers fixed spreads, but HYCM provides an account which can offer low spreads, plus a commission charge. easyMarkets is regulated by 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

Both brokers allow automated and non-automated trading on MT4. easyMarkets additionally provides a web trader, while HYCM offers MT5.

Minimum deposit and key account features

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

  • easyMarkets offers a Standard account with a minimum deposit of $100 and a VIP account with a minimum deposit of $2,500.
  • All easyMarkets account types have customer support and a personal account manager. The VIP account additionally has telephone trading, access to the tightest spreads at easyMarkets, a personal analyst and real time SMS market updates. 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

  • easyMarkets offers Forex, Indices, Energy, Metals, Cryptocurrencies, Soft Commodities and Options, with 300+ available.
  • HYCM offers Forex, Indices, Energy, Metals, Cryptocurrencies, Soft Commodities 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.

easyMarkets has 135+ Forex pairs, HYCM has 60+ Forex pairs.

Cryptocurrency CFDs

  • easyMarkets offers Bitcoin, Ethereum and Ripple.
  • HYCM offers Bitcoin, Ethereum, Ripple, Litecoin, 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 easyMarkets offers fixed Forex spreads without a commission charge from 1.
  • Maximum leverage for easyMarkets (CySEC regulated) is . Maximum leverage for HYCM (CySEC or FCA regulated) is .

Commission charge

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

Online trading platforms

Both offer MT4. easyMarkets additionally provides a web trader (and apps). HYCM additionally offers MT5.

Why easyMarkets or HYCM ?

Since both brokers support the use of Expert Advisors on MT4, either broker can be used by automated and non-automated traders. For traders who make their own trading decisions, easyMarkets additionally provides a web trader and apps. As further support for automated (and non-automated) traders, HYCM offers MT5.

Comparison summary

  • Both brokers offer CFD trading
  • Each has MT4
  • easyMarkets additionally provides a web trader and apps
  • HYCM also offers MT5
  • Both allow Expert Advisors on MT4
  • easyMarkets offers more Forex pairs
  • HYCM provides MT4 and MT5 Stocks CFD trading

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