easyMarkets vs HYCM - Online Brokerage Comparison

easyMarkets vs HYCM | CFD Broker Comparison
easyMarkets vs HYCM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsAbout
$25
Minimum Deposit
MT4, MT5, easyMarkets Platform, TradingView
Trading Platforms
275+
Markets To Trade
easyMarkets offers trading on MT4, the easyMarkets Platform and TradingView (with fixed spreads) and on MT5 (with variable spreads)
About
$20
Minimum Deposit
MT4, MT5
Trading Platforms
300+
Markets To Trade
HYCM offers trading on MT4 and MT5 (the successor to MT4) and allows automated trading on both platforms
About

easyMarkets vs HYCM Comparison

Both provide MT4 and MT5, allowing automated trading with EA robots. easyMarkets does not charge commissions, while HYCM has an account with low spreads plus a commission charge. Both allow the use of online trading robots, for automated trading.

easyMarkets is regulated by the CySEC in Cyprus, the ASIC in Australia, the FSA in the Seychelles and the FSC in the British Virgin Islands. 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

Each provides MT4 and MT5. easyMarkets additionally offers the easyMarkets Platform and TradingView. easyMarkets has a $25 minimum deposit.

Minimum deposit and key account features

The minimum deposit for easyMarkets is $25. The minimum deposit for HYCM is $20.

  • easyMarkets offers Standard, Premium and VIP accounts (in the EEA, Standard and VIP are available). The minimum deposit for the Standard account is $25, for the Premium account is $2000 and for the VIP account is $10,000. Each ascending account type types offers lower minimum spreads. All account types provide a Personal Account Manager, 24/5 Phone and Live Chat and Trading Insights. The easyMarkets Platform offers dealCancellation, InsideViewer and Freeze Rate. 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 Raw, Fixed and Classic accounts is $20.

Markets

  • easyMarkets offers Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks, Soft Commodities and Options, with 275+ 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.
HYCM vs easyMarkets Summary Table
BrokerTrading PlatformsDescription
HYCM
Broker
MT4, MT5
Trading Platforms
HYCM offers trading on MT4 and its sucessor MT5, allowing automated trading with robots
Description
easyMarkets
Broker
MT4, MT5, easyMarkets Platform, TradingView
Trading Platforms
easyMarkets offers tools such as dealCancellation and Freeze Rate on its user friendly Platform and provides MT4, MT5 and TradingView
Description

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. easyMarkets offers fixed Forex spreads without a commission charge from 0.7 and variable from 0.5.
  • 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

easyMarkets offers MT4, MT5, the easyMarkets Platform and TradingView. HYCM provides MT4 and MT5.

Why easyMarkets or HYCM ?

Traders who want to trade on MT4 or MT5 can do so at either easyMarkets or HYCM. Traders who want to trade on a user friendly platform can do this at easyMarkets on its Platform or on TradingView. Traders who want to trade with fixed spreads or use EA robots, may do so at either.

Comparison summary

  • Both offer CFD trading
  • Each provides MT4 and MT5
  • easyMarkets additionally provides its easyMarkets Platform and TradingView
  • Both allow MetaTrader EA robots
  • Each has a low minimum deposit
  • Both have fixed and variable spreads