HYCM vs Titan FX - Online Brokerage Comparison Comparison

HYCM vs Titan FX | Trading Brokers Comparison

HYCM vs Titan FX Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
$100MT4, MT5300+FCA, CIMA, CySEC, DFSA
$200MT470+VFSC

HYCM vs Titan FX Comparison

Both brokers allow the trader to use automated trading strategies (robots) on MT4 and each provides this platform. HYCM additionally offers MT4's successor, MT5. A further difference is that HYCM is a market maker broker, while Titan FX is an ECN broker, and uses Equinix infrastructure to connect traders with liquidity. 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 brokers, though Titan FX is an ECN broker, while HYCM can provide MT5 and more markets overall.

Minimum deposit and key account features

The minimum deposit for HYCM is $100. 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 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.
  • 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 markets analysis, economic news, self improvement articles for a 'Forex Lifestyle' and an economic calendar. Titan FX uses Equinix's NY4 Data Centre for fast order execution.
  • 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 and Precious Metals, with 70+ available.

HYCM provides 60+ Forex pairs, Titan FX provides 55+ Forex pairs.

Cryptocurrency CFDs

  • HYCM offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Monero, NEO, IOTA, Bitcoin Gold, Ethereum Classic, QTUM and Zcash.

Leverage

Maximum leverage for HYCM (CySEC or FCA regulated) is . Maximum leverage for Titan FX (VFSC regulated) is 500:1.

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.

Platforms

Both offer MT4. HYCM additionally provides MT5.

Why HYCM or Titan FX ?

Each supports the use of automated and non-automated trading on MT4 and both say that they provide fast order execution. HYCM has an account which does not allows Expert Advisors, which has a wider range of markets than Titan FX, considering MT4. For automated trading, HYCM has a less wide range of markets than Titan FX on MT4. However with MT5, HYCM offers more markets.

Comparison summary

  • Titan FX is an ECN broker
  • Both have competitive commission charges
  • Each provides MT4
  • HYCM also offers MT5

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