HYCM vs RoboForex - Online Brokerage Comparison

HYCM vs RoboForex | Trading Brokers Comparison

HYCM vs RoboForex Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
$100MT4, MT5300+FCA, CySEC, CIMA, DFSA
$10MT4, cTrader, R Trader Web Trader, MT59000+IFSC

HYCM vs RoboForex Comparison

Both of these brokers support automated trading, though RoboForex provides a range of ECN account types in addition to its other accounts.

The minimum trade size for HYCM is micro lots, but on its Cent account, RoboForex allows trading with smaller trade sizes. What this means is that the trader can trade with smaller account sizes, and the lower minimum deposit of RoboForex reflects this, at $10 vs $100. However RoboForex also has a lower minimum deposit for its ECN accounts vs the account on which HYCM can offer low spreads, plus a commission charge ($10 vs $200).

These brokers have a similar number of markets on all accounts except when RoboForex's R Trader web trading account is considered and MT5. On R Trader, RoboForex offers 9,000+ markets, the bulk of which is a large offering of Stocks CFDs. On MT5, HYCM has more markets.

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. RoboForex is regulated by the ISFC in Belize.

Quick comparison

Both brokers support automated and non-automated trading, though overall RoboForex provides many more markets on R Trader.

Minimum deposit and key account features

The minimum deposit for HYCM is $100. The minimum deposit for RoboForex is $10.

  • 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.
  • RoboForex offers accounts based around its four platforms, MT4, MT5, cTrader and R Trader. cTrader has an ECN-Pro and Pro-Standard account. MT4 and MT5 each offer a Pro-Standard, Pro-Cent and ECN-Pro account. MT4 additionally offers an MT4 Prime account. RoboForex's R Trader is a web trading platform, which has many more markets available than the other accounts. RoboForex also offers a CopyFx account (which supports transaction copying) and a RAMM account (which supports strategy copying).
  • RoboForex's minimum deposit for all accounts except R Trader and MT4 Prime is $10. The minimum deposit for R Trader is $100 and MT4 Prime is $5,000. The Prime account is an ECN account with lower commission charges. RoboForex offers an Islamic (Swap Free) version for some of these accounts. Micro lot trading is available.
  • RoboForex provides RoboForex Analytics on its website. This offers a range of tools including analysis, signals, videos and education. It offers StrategyQuant for building MT4 robots and the R Trader Strategy Builder.

Markets

  • HYCM offers Forex, Indices, Energy, Stocks, Cryptocurrencies, Soft Commodities and Metals with 80+ available on MT4 and 300+ on MT5. On the MT4 Classic and Raw accounts, HYCM offers Forex, Gold and Silver, with 45+ available.
  • RoboForex's Cent account offers Forex and Precious Metals, for a total of 35+.
  • RoboForex's Standard and ECN accounts offer Forex, Indices, Energy, Precious Metals and Cryptocurrencies, for a total of 45+.
  • On its R Trader account, RoboForex offers Forex, Indices, Cryptocurrencies, Stocks and ETFs, for a total of 9,000+.

HYCM provides 60+ Forex pairs, RoboForex provides 45+ Forex pairs.

Cryptocurrency CFDs

  • HYCM offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Monero, NEO, IOTA, Bitcoin Gold, Ethereum Classic, QTUM and Zcash
  • RoboForex offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Monero, NEO, IOTA, Bitcoin Gold, QTUM, Dash, EOS, Golem and OmiseGO CFDs.

Leverage

Maximum leverage for HYCM (CySEC or FCA regulated) is . Maximum leverage for RoboForex (IFSC regulated) is 2000:1.

Commission charge

  • HYCM charges a commission of $2 per lot per side on the Raw account.
  • RoboForex's commissions are $2 per lot per side for its ECN accounts except for its Prime account where they are $1.5 per lot per side.

Platforms

HYCM provides MT4 and MT5. RoboForex offers MT4, MT5, cTrader and R Trader.

Why HYCM or RoboForex ?

Traders looking to trade using robots can use either: both allow Expert Advisors (EAs) on MT4 and MT5, though RoboForex additionally allows cBots on cTrader. Stocks CFDs traders can find Stocks at both, but RoboForex has many more on R Trader.

Comparison summary

  • Both offer CFD trading
  • Each has MT4 and MT5
  • RoboForex also provides cTrader and R Trader
  • Both allow automated trading with Expert Advisors (and cBots at RoboForex)
  • On R Trader, RoboForex can offer many more markets
  • Each has a similar number on their other accounts, except HYCM has more on MT5
  • HYCM is FCA, CySEC, CIMA and DFSA regulated, RoboForex is IFSC regulated

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