HYCM vs Z.com Trade - Online Brokerage Comparison

HYCM vs Z.com Trade | Compare Trading Brokers

HYCM vs Z.com Trade Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
$100MT4, MT5300+FCA, CySEC, DFSA, CIMA
$50MT475+FCA

HYCM vs Z.com Trade Comparison

Both brokers support the use of trading robots (Expert Advisors) on MT4 and have a similar number of markets on this platform. However HYCM also offers MT5, and can provide more markets on this platform. Z.com Trade is an ECN STP broker, using Equinix data center infrastructure for high speed order execution, though HYCM also reports fast order processing on the order of miliseconds.

Both offer trading both with and without a commission charge, depending on the account. Each broker provides Premium accounts requiring a higher deposit, though for Z.com Trade this is an ECN account for higher volume traders with lower commission charges. Both brokers offer competitive commission charges. 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. Z.com Trade is regulated by the FCA in the United Kingdom.

Quick comparison

Z.com Trade is an MT4 ECN broker, while HYCM offers MT4 and MT5.

Minimum deposit and key account features

The minimum deposit for HYCM is $100. The minimum deposit for Z.com Trade is $/€/£50.

  • 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.
  • Z.com Trade offers three account types for retail traders, Classic, ECN and ECN Plus. The minimum deposit for the Classic and ECN accounts is $/€/£50. The minimum deposit for the ECN Plus account is $/€/£10,000. The ECN Plus account has lower commission charges. The Classic account does not have a commission charge. Z.com Trade allows scalping, hedging and EAs. Z.com Trade uses Equinix's LD4 Data Centre. All account types have a minimum trade size of 0.01 lots.
  • Z.com Trade offers an 'Educational and Analytical Portal' which provides trading strategies and signals, educational courses, the capacity to chat with an analyst, a technical and fundamental analysis feed, market analysis and news updates.

Markets

  • HYCM offers Forex, Indices, Energy, Cryptocurrencies, 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.
  • Z.com Trade offers Forex, Indices, Energy, Cryptocurrencies and Precious Metals, with 75+ available.

Cryptocurrency CFDs

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

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 Z.com Trade offers Forex spreads from 1 without a commission charge.
  • Maximum leverage for HYCM (CySEC or FCA regulated) is . Maximum leverage for Z.com Trade (FCA regulated) is .

Commission charge

  • HYCM charges a commission of $2 per lot per side on the Raw account.
  • Z.com Trade charges commission of $4 per lot per side on its ECN account, and $2.5 per lot per side on its ECN Plus account.

Online trading platforms

Both offer MT4, HYCM additionally provides MT5.

Why HYCM or Z.com Trade ?

Both brokers support the use of trading robots (MT4 Expert Advisors). However HYCM additionally provides MT4's successor MT5, which also allows trading robots but uses the MQL5 instead of the MQL4 programming language for traders who wish to program robots themselves. On MT5, both have a similar number of markets, though Z.com Trade can provide a wider range for automated trading. On MT5, HYCM can offer more markets, as it has a range of Stocks CFDs. In general, HYCM offers more markets within each category on MT5 vs its MT4. Traders who do not trade with automated trading strategies, i.e. who make their own trading decisions can use either broker, as each platform supports this kind of trading. Even Z.com Trade, as an ECN broker offers its Classic account which does not charge commissions, and HYCM provides two accounts which do not.

Comparison summary

  • Both offer CFD trading
  • Z.com Trade is an ECN MT4 broker
  • HYCM also offers MT5
  • Both brokers let the trader trade on accounts which charge commissions
  • Both have Premium type account requiring a considerably higher minimum deposit ($10,000) and offering personalised service
  • Z.com actually has a lower minimum deposit overall (i.e for MT4)

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