| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| HYCM | $20 Minimum Deposit | MT4, MT5 Trading Platforms | 300+ Markets To Trade | HYCM offers trading on MT4 and MT5, allowing trading including automated trading with robots About |
| Titan FX | $200 Minimum Deposit | MT4, MT5 Trading Platforms | 220+ Markets To Trade | Titan FX offers infrastructure for a wide range of traders including automated traders, scalpers and high volume traders About |
HYCM vs Titan FX Comparison
Both brokers allow the trader to use automated trading strategies (robots) on MT4 and MT5. HYCM is a market maker broker, while Titan FX is an ECN broker which uses Equinix infrastructure to connect traders with liquidity (both brokers can offer high speed order processing). Both have a similar number of MT4 markets, but HYCM can offer more markets to trade on MT5.
HYCM is regulated by the FCA in the United Kingdom, the CySEC in Cyprus, the CIMA in the Cayman Islands and the DFSA in Dubai. Titan FX is regulated by the VFSC in Vanuatu.
Quick comparison
Both are MT4 and MT5 brokers, though Titan FX is an ECN broker, while HYCM can provide more markets overall.
Minimum deposit and key account features
The minimum deposit for HYCM is $20. The minimum deposit for Titan FX is $200.
- 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.
- Titan FX offers the Zero Standard STP account, the Blade ECN Zero account, an Islamic account and the Active Trader Program. Hedging, scalping and EAs are allowed for all account types, as is micro lot trading. Titan FX offers market analysis, Forex monthly commentary, economic news, Forex education and self improvement articles for a 'Forex Lifestyle'. Titan FX uses Equinix's NY4 Data Centre for fast order execution. Titan FX supports signal trading via MetaTrader.
- Titan FX's Standard and Islamic accounts do not charge commissions, the Blade ECN account does charge commissions.
- Titan FX's Active Trader Program provides a dedicated relationship manager, segregated client accounts, advanced reporting, custom solutions, virtual server hosting and aggregated anonymous data (AAD).
Markets
- HYCM offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies and Soft Commodities, with 80+ on MT4 and 300+ on MT5. On the MT4 Classic and Raw accounts, HYCM offers Forex, Gold and Silver, with 45+ available.
- Titan FX offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies and Soft Commodities, with 220+ available.
HYCM provides 60+ Forex pairs, Titan FX provides 55+ Forex pairs.
| Broker | Trading Platforms | Description |
|---|---|---|
| HYCM Broker | MT4, MT5 Trading Platforms | HYCM offers trading on MT4 and MT5, allowing automated trading with online trading robots Description |
| Titan FX Broker | MT4, MT5 Trading Platforms | Titan FX offers rapid order transmission and infrastructure for a wide range of traders, including scalpers and automated traders Description |
Leverage
Maximum leverage for HYCM (CySEC or FCA regulated) is . Maximum leverage for Titan FX (VFSC regulated) is 1000:1.
Commission charge
- HYCM charges a commission of $2 per lot per side on the Raw account.
- Titan FX charges a commission of $0.035 per 0.01 lots (i.e. $3.50 per lot) per side (thus $0.07 per micro lot round trip) on the Blade ECN account. Titan FX says that it approximates the USD charges and has a monthly review of these approximations for other account currencies.
Online trading platforms
Both offer MT4 and MT5.
Why HYCM or Titan FX ?
Traders who want to trade on MT4 or MT5 may do so at either broker. Traders who want to trade with an ECN broker may do so at Titan FX, though each supports trading with EAs and can offer low latency order processing.
Comparison summary
- Titan FX is an ECN broker
- Both have competitive commission charges
- Each provides MT4 and MT5
- Both allow automated trading
