| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| HYCM | $20 Minimum Deposit | MT4, MT5 Trading Platforms | 300+ Markets To Trade | HYCM offers trading on MT4 and MT5, providing accounts for a wide range of traders including auotmated traders About |
| RoboForex | $10 Minimum Deposit | MT4, MT5, cTrader, R StocksTrader Trading Platforms | 12,000+ Markets To Trade | RoboForex offers a Cent account, a low minimum deposit and trading on MT4, MT5, cTrader and R StocksTrader (with automated trading on all these platforms) and has 12,000+ Stocks CFDs to trade About |
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. Both brokers have a low minimum deposit.
These brokers have a similar number of markets on all accounts except when RoboForex's R StocksTrader web trading account is considered and MT5. On R StocksTrader, RoboForex offers 12,000+ 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 StocksTrader.
Minimum deposit and key account features
The minimum deposit for HYCM is $20. 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 all account types is $20.
- RoboForex offers accounts based around its four platforms, MT4, MT5, cTrader and R StocksTrader. cTrader has ECN and Pro-Standard accounts. MT4 and MT5 each offer Pro-Standard, Pro-Cent and ECN accounts. MT4 additionally offers MT4 and MT5 Prime accounts. RoboForex's R StocksTrader 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 StocksTrader is $10. The minimum deposit for R StocksTrader is $100. The Prime account is an ECN account with lower commission charges. RoboForex offers an Islamic (Swap Free) version for some of these accounts. The minimum trade size is 0.0001 lots.
- RoboForex provides a range of tools including Analysis, Webinars, Education and an Economic Calendar. It offers the R StocksTrader Strategy Builder for building robots. RoboForex allows EAs and scalping.
Markets
- HYCM offers Forex, Indices, Energy, Stocks, Metals, Soft Commodities and Cryptocurrencies, 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 offers Forex, Indices, Energy, Stocks, Metals, Soft Commodities, Cryptocurrencies and ETFs, with 12,000+ available.
HYCM provides 60+ Forex pairs, RoboForex provides 45+ Forex pairs.
| Broker | Trading Platforms | Description |
|---|---|---|
| HYCM Broker | MT4, MT5 Trading Platforms | HYCM provides MT4 ansd its successor MT5, allowing automated trading with Expert Advisors robots Description |
| RoboForex Broker | MT4, MT5, cTrader, R StocksTrader Trading Platforms | RoboForex offers trading on MT4, MT5 and cTrader, allowing automated trading, provides a Cent account, has a low $10 minimum deposit and offers 12,000+ Stocks CFDs to trade on R StocksTrader (which can run robots on the cloud) Description |
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 StocksTrader.
Why HYCM or RoboForex ?
Traders who want to trade on MT4 or MT5 may do so at either HYCM or RoboForex. Traders who want to trade on cTrader can find this platform at RoboForex. Traders who want to trade a wide range of Stocks CFDs may do so at RoboForex on R StocksTrader (with 12,000+). Traders who want to trade using robots can use either. Traders who want to trade on a Cent account with a low minimum deposit, can do this at RoboForex.
Comparison summary
- Both offer CFD trading
- Each has MT4 and MT5
- RoboForex also provides cTrader and R StocksTrader
- Both allow automated trading with Expert Advisors (and cBots at RoboForex)
- On R StocksTrader, RoboForex can offer many more markets
- R StocksTrader allows robots to be built and run on the cloud
- Each has a similar number of markets on their other accounts, except HYCM has more on MT5
- RoboForex has a low minimum deposit ($10) and a Cent account
