| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| FOREX.com | $100 Minimum Deposit | MT4, Web Trader, Advanced Trading Platform Trading Platforms | 300+ Markets To Trade | FOREX.com provides trading on MetaTrader, allowing automated trading and provides a user friendly Web Trader and its Advanced Trading Platform About |
| HYCM | $20 Minimum Deposit | MT4, MT5 Trading Platforms | 300+ Markets To Trade | HYCM offers MT4 and its successor MT5, allowing a wide range of styles, including automated trading with robots About |
FOREX.com vs HYCM Comparison
These are both market maker brokers, offering MT4 and supporting the use of Expert Advisors (MT4 automated trading strategies). HYCM additionally provides MT5. FOREX.com additionally has a downloaded Advanced Trading Platform and a Web Trader, for traders who make their own trading decisions.
Both have a similar range and number of markets overall (except for MT4 automated trading HYCM offers a reduced set of markets than FOREX.com). Both brokers in effect aim to support the styles used by Forex traders, both automated and non-automated, as well as providing a range of other CFD markets, including Stocks CFDs.
Quick comparison
Both offer MT4 and support the use of robots. FOREX.com provides two platforms for traders who make their own trading decisions while HYCM has additional support for automated traders by offering MT5.
Minimum deposit and key account features
The minimum deposit for FOREX.com is $100. The minimum deposit for HYCM is $20.
- FOREX.com has an Economic Calendar, Market Research and a news feed on its platforms, offers Autochartist and Trading Central and has a Trader Education course on its website. 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
- FOREX.com offers Forex, Indices, Energy, Stocks, Cryptocurrencies, Metals and Soft Commodities, with 300+ 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.
FOREX.com provides 60+ Forex pairs, HYCM provides 60+ Forex pairs.
| Broker | Trading Platforms | Description |
|---|---|---|
| HYCM Broker | MT4, MT5 Trading Platforms | HYCM offers trading on MT4 and MT5, allowing automated trading with EA robots Description |
| FOREX.com Broker | MT4, Web Trader, Advanced Trading Platform Trading Platforms | FOREX.com provides trading on MT4 (and in some regions also MT5), allowing automated trading and offers a user friendly Web Trader and its Advanced Trading Platform Description |
Commission charge
- FOREX.com 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
FOREX.com provides a downloaded Advanced Trading Platform, a Web Trader and MT4. HYCM provides MT4 and MT5.
Why FOREX.com or HYCM ?
Traders who want to trade on MetaTrader (and use EA robots) may do at either. Traders who want to trade on a user friendly Web Trader, can do this at FOREX.com. Traders who want to trade on a platform for the trader who plans and executes their own trades, with a wide range of features can find the Advanced Trading Platform at FOREX.com.
Comparison summary
- Each offers CFD trading
- Each provides MetaTrader
- Both allow EA robots
- FOREX.com additionally provides a user friendly Web Trader
- FOREX.com additionally offers its Advanced Trading Platform
