HYCM vs RoboMarkets - Compare Trading Brokers

HYCM vs RoboMarkets | Online Brokerage Comparison

HYCM vs RoboMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
$100MT4, MT5300+FCA, CySEC, DFSA, CIMA
$100MT4, MT5, R Trader Web Trader11,000+CySEC

HYCM vs RoboMarkets Comparison

Both brokers allow the trader to trade using automated trading strategies and to make their own trading decisions. To execute trades on behalf of the trader, each broker offers MT4 and MT5. RoboMarkets additionally provides R Trader, which allows strategies to be built without programming and to be run 24/7 on the cloud (versus using a VPS for MT4 or MT5). R Trader has the bulk of RoboMarkets's markets, offering 11,000+ mostly Stocks CFDs. On MT5 HYCM still has a significant offering for this platform, with 300+. Both brokers have a similar number on MT4.

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. RoboMarkets is regulated by the CySEC in Cyprus.

Quick comparison

Both brokers offer MT4 and MT5. RoboMarkets has considerably more markets on its R Trader platform and provides ECN accounts as well as other account types including a Cent account.

Minimum deposit and key account features

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

  • 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.
  • RoboMarkets offers accounts based around its three platforms, MT4, MT5 and R Trader. MT4 and MT5 each offer a Pro-Standard, Pro-Cent and Pro-ECN account. MT4 additionally offers a Fix-Cent, a Fix-Standard, and ECN-Pro NDD and an ECN-Fixed Spread NDD and an MT4 Prime account. RoboMarkets's R Trader is a web trading platform, which has many more markets available than the other accounts. RoboMarkets also offers a CopyFx account (which supports transaction copying) and a RAMM account (which supports strategy copying).
  • RoboMarkets's minimum deposit for all accounts except MT4 Prime is $100. The minimum deposit for MT4 Prime is $5,000. The Prime account is an ECN account with lower commission charges. RoboMarkets offers an Islamic (Swap Free) version for some of these accounts. Micro lot trading is available.
  • RoboMarkets provides RoboForex Analytics on its website. This offers a range of tools including analysis, signals, videos and education. It offers StrategyQuant for building MT4 robots and the R Trader Strategy Builder.

Markets

  • HYCM offers Forex, Indices, Cryptocurrencies, Energy, Metals, 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.
  • RoboMarkets's Cent account offers Forex and Precious Metals, for a total of 35+.
  • RoboMarkets's Standard and ECN accounts offer Forex, Indices, Cryptocurrencies, Energy and Precious Metals, for a total of 45+.
  • On its R Trader account, RoboMarkets offers Forex, Indices, Cryptocurrencies, Stocks and ETFs, for a total of 11,000+.

Cryptocurrency CFDs

  • HYCM offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Monero, QTUM, NEO, IOTA, Bitcoin Gold, Ethereum Classic and Zcash.
  • RoboMarkets offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Monero, QTUM, NEO, IOTA, Bitcoin Gold, EOS, Golem, DASH, OmiseGO.

Spreads and leverage

  • Both brokers 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 RoboMarkets offers Forex spreads from 1.6 without a commission charge.
  • Maximum leverage for HYCM (CySEC or FCA regulated) is . Maximum leverage for RoboMarkets (CySEC regulated) is .

Commission charge

  • HYCM charges a commission of $2 per lot per side on the Raw account.
  • RoboMarkets commission are $2 per lot per side for its ECN accounts except for its Prime account where they are $1.5 per lot per side.

Online trading platforms

Both brokers provide MT4 and MT5. RoboMarkets additionally provides R Trader.

Why HYCM or RoboMarkets ?

Trader who wish to trade using automated trading strategies can consider either brokers, as both support this type of trading allowing Expert Advisors on MT4 and MT5. RoboMarkets additionally offers cloud based robot trading via R Trader (versus using a VPS) and lets the trader build robots using a strategy builder tool on the platform. Traders who wish to trade Stocks CFDs can note that both brokers offer this facility. However RoboMarkets provides its Stocks on R Trader, offering many more than HYCM. But HYCM provides Stocks CFDs on MT4 and MT5 (with more on MT5).

Comparison summary

  • Both brokers offer CFD trading
  • RoboMarkets has a Cent account allowing very small trade sizes on MT4 and MT5
  • Each provides MT4 and MT5
  • RoboMarkets additionally offers R Trader
  • RoboMarkets can offer many more markets on R Trader
  • HYCM has considerably more MT5 vs MT5
  • HYCM offers MT4 and MT5 Stocks CFD trading
  • Both allow Expert Advisors
  • RoboMarkets also has a trading strategy builder for automated trading on R Trader

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