HYCM vs Markets.com - Online Brokerage Comparison

HYCM vs Markets.com | CFD Broker Comparison

HYCM vs Markets.com Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
$100MT4, MT5300+FCA, CySEC, DFSA, CIMA
$100MT4, MT5, Web Trader & Apps2000+CySEC, FSCA, ASIC

HYCM vs Markets.com Comparison

These brokers each offer MT4 and MT5. Additionally Markets.com provides a web trader (and apps). Markets.com can offer considerably more markets to trade, when considering its web trader. HYCM provides an account which can offer low Forex spreads, plus a commission charge as well as accounts which do not charge commissions (and can have higher spreads).

HYCM is regulated by the CySEC in Cyprus, the FCA in the United Kingdom, the DFSA in Dubai and the CIMA in the Cayman Islands. Markets.com is operated by Safecap Investments Limited which is regulated by the CySEC in Cyprus and the FSCA in South Africa. Markets.com Australia is operated by Tradetech Markets (Australia) Pty Ltd which is regulated by the ASIC in Australia. Markets.com Africa is operated by TradeTech Markets (South Africa) which is regulated by the FSCA in South Africa.

Quick comparison

While both offer MT4 and MT5, Markets.com has the bulk of its markets available on its web trader.

Minimum deposit and key account features

The minimum deposit for HYCM is $100. The minimum deposit for Markets.com is $100.

  • 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.
  • Markets.com provides three account types, Classic, Standard and Premium, depending on the deposit, and an Islamic account. The minimum initial deposit is $100 for the Classic and Islamic accounts, $2,500 for the Standard account and $20,000 for the Premium account.
  • All three Markets.com account types come with daily analysis, tutorials, customer support and webinars. The Standard account also comes with a dedicated account manager, SMS news and signals, and premium daily analysis. Markets.com's Premium account also comes with premium customer support. The minimum trade size is 0.01 lots (micro lot).

Markets

  • HYCM offers Forex, Indices, Energy, Metals, Cryptocurrencies, 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.
  • Markets.com offers Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks, Soft Commodities, ETFs and Bonds, with 2000+ available.

Cryptocurrency CFDs

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

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 Markets.com offers fixed Forex spreads without a commission charge from 2.
  • Maximum leverage for HYCM (CySEC or FCA regulated) is . Maximum leverage for Markets.com (CySEC regulated) is . Maximum leverage for Markets.com South Africa is 1:300. Maximum leverage for Markets.com Australia is 1:300.

Commission charge

  • HYCM charges a commission of $2 per lot per side on the Raw account.

Online trading platforms

Both offer MT4 and MT5. Markets.com additionally provides a web trader and apps.

Why HYCM or Markets.com ?

Both of these brokers offer trading on MT4 and MT5. Markets.com also provides trading on its web trader and apps. Overall, Markets.com has more markets to trade.

Comparison summary

  • Both offer CFD trading
  • Each has MT4 and MT5
  • Markets.com additionally provides its web trader and apps
  • Markets.com can offer more markets to trade

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