HYCM vs ThinkMarkets - Trading Brokers Comparison

HYCM vs ThinkMarkets | Online Brokerage Comparison
HYCM vs ThinkMarkets Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsAbout
Minimum Deposit
MT4, MT5
Trading Platforms
Markets To Trade
HYCM offers trading on MT4 and MT5, allowing automated trading with EA robots
Minimum Deposit
MT4, MT5, ThinkTrader
Trading Platforms
Markets To Trade
ThinkMarkets provides trading on MT4, MT5 (including automated trading) and user friendly ThinkTrader, offers copy trading and has 3500+ Stocks CFDs to trade

HYCM vs ThinkMarkets Comparison

Both of these brokers offer the MetaTrader 4 (MT4) trading platform along with MetaTrader 5 (MT5) and support the use of both automated and non-automated trading. ThinkMarkets additionally provides ThinkTrader, which is a user friendly platform designed for human traders who make their own trading decisions.

While each has CFD trading, in the UK ThinkMarkets can additionally offer MT4 and MT5 spread betting. Overall, ThinkMarkets can offer more markets to trade on MT5.

Both brokers are regulated by the FCA in the United Kingdom. HYCM is additionally regulated by the CySEC in Cyprus, the DFSA in Dubai and the CIMA in the Cayman Islands. ThinkMarkets is additionally licensed by the FSCA in South Africa.

Quick comparison

Both brokers offer MT4 and MT5, though ThinkMarkets also provides ThinkTrader. Overall, ThinkMarkets has the lowest minimum deposit (i.e. none), but for trading with a commission charge, HYCM's is lower ($20 vs $500).

Minimum deposit and key account features

The minimum deposit for HYCM is $20. ThinkMarkets does not have a minimum deposit for its Standard account and for its ThinkZero account has a minimum deposit of $500.

  • 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 all account types is $20.
  • ThinkMarkets offers both CFD trading and spread betting. It offers the Standard account and the ThinkZero account. An Islamic account is available. There is no minimum deposit for the Standard account. The minimum deposit for the ThinkZero account is $/£500. The Standard account does not charge commissions, ThinkZero account does charge a commission. EAs and scalping are allowed. The minimum trade size is 0.01 lots. Social and copy trading is supported via ZuluTrade.
  • ThinkMarkets account types provide 24/6 Live Support and a Free VPS Service, T&Cs apply. The ThinkZero account also offers AutoChartist and an account manager. ThinkMarkets offers Market News, Webinars, an Economic Calendar and Tutorials on its website.


  • 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.
  • ThinkMarkets provides Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks and Soft Commodities, with 3500+ on offer.

HYCM provides 60+ Forex pairs, ThinkMarkets provided 50+ Forex pairs.

HYCM vs ThinkMarkets Summary Table
BrokerTrading PlatformsDescription
MT4, MT5
Trading Platforms
HYCM provides trading on MT4 and MT5, allowing automated trading
MT4, MT5, ThinkTrader
Trading Platforms
ThinkMarkets offers trading (including automated trading) on MT4 and MT5, has spreads from 0 plus commisison, provides user friendly ThinkTrader and offers copy trading via ZuluTrade

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 ThinkMarkets offers Forex spreads without a commission charge from 0.4.
  • Maximum leverage for HYCM (CySEC or FCA regulated) is . Maximum leverage for ThinkMarkets (FCA regulated) is .

Commission charge

  • HYCM charges a commission of $2 per lot per side on the Raw account.
  • ThinkMarkets does not charge a commission on the Standard account and charges a commission of $3.5 per lot per side for its ThinkZero account.

Online trading platforms

Both offer MT4 and MT5. ThinkMarkets also provides ThinkTrader. Each offers mobile apps.

Why HYCM or ThinkMarkets ?

Traders who want to trade on MetaTrader 4 (MT4) or MetaTrader 5 (MT5), the successor to MT4 may do at either broker. Traders may trade with or without robots (EAs) on both platforms. ThinkMarkets has more markets overall (3500+). Traders who wish to trade on a user friendly platform designed for the trader who executes their own trades, can find ThinkTrader at ThinkMarkets.

Comparison summary

  • Both provide CFD trading
  • In the UK, ThinkMarkets additionally offers MT4 and MT5 spread betting
  • Both provide MT4 and MT5
  • Each allows EAs (for automated trading)
  • ThinkMarkets additionally offers ThinkTrader
  • ThinkMarkets offers 3500+ Stocks CFDs