HYCM vs ITRADER - Trading Brokers Comparison

HYCM vs ITRADER | Online Brokerage Comparison

HYCM vs ITRADER Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
$100MT4, MT5300+FCA, CySEC, DFSA, CIMA

HYCM vs ITRADER Comparison

These are each MT4 brokers, offering support for both non-automated trading where the trader makes their own trading decisions and automated trading where the computer programs trade on behalf of the trader, executing automated trading strategies. ITRADER can provide more markets on MT4. HYCM also offers MT5 and can provide more markets overall.

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. ITRADER is regulated by the CySEC in Cyprus.

Quick comparison

These are MT4 brokers allowing the use of Expert Advisors. ITRADER can offer more markets, HYCM also provides MT5.

Minimum deposit and key account features

The minimum deposit for HYCM is $100. The minimum deposit for ITRADER is $250.

  • 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.
  • ITRADER provides three account types, Silver, Gold and Platinum. The current minimum deposit for Gold and Platinum is available upon request from the account manager assigned to the trader's account. Micro lot trading is offered. An Islamic account is available.
  • ITRADER provides an extensive animated trading course on its website. It also offers eBooks, webinars and daily reviews and provides hedging for all account types. The Gold account additionally provides extra webinars and videos and a dedicated account manager. The Platinum account additionally provides a Free VPS and News Alerts.


  • HYCM offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies 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.
  • ITRADER offers Forex, Indices, Energy, Metals, Stocks, Cryptocurrencies and Soft Commodities, with 200+ available.

Cryptocurrency CFDs

  • HYCM offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, NEO, Monero, Zcash, QTUM, Bitcoin Gold, Ethereum Classic and IOTA.
  • ITRADER offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash ABC, NEO, Monero, Zcash, QTUM, Bitcoin Gold, Ethereum Classic, IOTA, DASH, TRON, Cardano, Bitcoin SV, Lisk, Siacoin, Tether, NEM, Stellar, Verge, WAVES and Golem CFDs.

Spreads and leverage

  • HYCM 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 ITRADER offers Forex spreads from 0.7 without a commission charge.
  • Maximum leverage for HYCM (CySEC or FCA regulated) is . Maximum leverage for ITRADER (CySEC regulated) is .

Commission charge

  • HYCM charges a commission of $2 per lot per side on the Raw account.
  • ITRADER does not charge commissions.

Online trading platforms

Both provide MT4. HYCM also offers MT5.


Each broker allows traders to use both automated and non-automated trading. HYCM has an account which can offer low Forex spreads, plus a commission charge, its other accounts do not charge commissions. ITRADER does not charge commissions. ITRADER has more CFDs on MT4, but HYCM has more overall on MT5. HYCM has a lower minimum deposit.

Comparison summary

  • Both brokers offer CFD trading
  • Each has MT4
  • HYCM also offers MT5
  • Both allow Expert Advisors (EAs)
  • HYCM has more markets overall (on MT5)
  • ITRADER has more MT4 markets

Search this site