HYCM vs Trade360 - Compare Trading Brokers

HYCM vs Trade360 | Online Brokerage Comparison

HYCM vs Trade360 Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
$100MT4, MT5300+FCA, CySEC, DFSA, CIMA
$500MT4, ParagonEx Web Trader & Apps120+CySEC

HYCM vs Trade360 Comparison

Each broker offers MT4, though HYCM has a lower minimum deposit to use this online trading platform. HYCM also offers the successor to MT4, which is MT5 and has a range of accounts built around these platforms and their capabilities (such as offering Expert Advisors to trade on behalf on the trader for both platforms and an extended range of markets in the case of MT5).

Trade360 provides ParagonEx. This is a user friendly platform for the trader who executes their own trades. However it contains a crowd trading news feed. This aims to enhance the trading experience, by referencing news items about the market with the reactions and sentiments of the crowd of other traders to each item of news. 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. Trade360 is regulated by the CySEC in Cyprus.

Quick comparison

Both brokers offer MT5. HYCM additionally provides MT5 and Trade360 has the ParagonEx platform available, which offers a crowd trading news feed.

Minimum deposit and key account features

The minimum deposit for HYCM is $100. The minimum deposit for Trade360 is $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 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.
  • Trade360 offers five account types and an Islamic account. The minimum deposit for the Mini Account is $500, the minimum deposit for the Standard360 account is $1000 (the minimum deposit for StandardMT4 is $500), the minimum deposit for the Gold account is $5000, the minimum deposit for the Platinum and Islamic360 accounts is $10,000 and the minimum deposit for the VIP account is $50,000. The minimum trade size ranges from 0.05 lots (Mini) to 1.5 lots (VIP). The Standard360 account has a minimum trade size of 0.1 lots (mini lots).
  • All Trade360 account types offer the Live CrowdTrading Feed, trading signals, 24/5 Live Chat and Whatsapp Support. MT4 is available for all account types except the Mini account. The Gold, Platinum and VIP accounts offer additionally personal push and SMS Notifications, exclusive market updates and SMS trading signals.

Markets

  • HYCM offers Forex, Indices, Energy, Metals, Stocks, Soft Commodities and Cryptocurrencies, 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.
  • Trade360 offers Forex, Indices, Energy, Metals, Stocks, Soft Commodities and ETFs, with 120+ available.

Cryptocurrency CFDs

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

Leverage

Maximum leverage for HYCM (FCA or CySEC regulated) is . Maximum leverage for Trade360 (CySEC regulated) is .

Online trading platforms

Both brokers offer MT4. Trade360 provides ParagonEx, HYCM has MT5.

Why HYCM or Trade360 ?

Traders who wish to trade with MT4 could consider either broker as each offers this platform. However a trader who wants to use the successor to MT4, MT5 may consider HYCM as it provides this platform. A trader who does not use automated trading via robots, might wish to consider Trade360 as it has a user friendly trading platform with a crowd trading news feed, augmenting news items about the market with traders' reactions and sentiments.

Comparison summary

  • Both offer CFD trading
  • Each provides MT4
  • HYCM additionally offers MT5
  • Trade360 has ParagonEx, with a crowd trading news feed
  • HYCM has a lower minimum deposit to use MT4

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