HYCM vs XM - Online Brokerage Comparison

HYCM vs XM | Trading Brokers Comparison

HYCM vs XM Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
$100MT4, MT5300+FCA, CySEC, CIMA, DFSA
$5MT4, MT5700+FCA, CySEC, ASIC

HYCM vs XM Comparison

These brokers both offer MT4 and MT5 and allow the trader to run automated trading strategies.

Each has a range of account types. On its accounts supporting the use of MT4 robots (EAs), HYCM has a reduced range. Similarly, on its XM Zero account, so does XM. On MT5, XM can offer more (700+ vs 300+). On MT4, they have a similar number, particularly when considering HYCM's Fixed account.

One difference is that XM can offer on its Micro account, a cent account, which supports small trade sizes. XM also has a lower minimum deposit, except for its XM Zero account which has the same minimum deposit. For its Raw account which, like the XM Zero account can offer low spreads plus a commission charge, HYCM has a higher minimum deposit ($200 vs $100). So traders can avail of MT4 and MT5 at both traders, and use Expert Advisors.

Both brokers are regulated by the FCA in the United Kingdom and the CySEC in Cyprus. HYCM is additionally regulated by the DFSA in Dubai and the CIMA in the Cayman Islands. XM is additionally regulated by the ASIC in Australia.

Quick comparison

Both offer MT4 and MT5. Each supports the use of Expert Advisors. XM also has a cent type account and a lower minimum deposit.

Minimum deposit and key account features

The minimum deposit for HYCM is $100. The minimum deposit for XM is $/£5.

  • 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.
  • XM offers three account types, a Micro and a Standard account, both with minimum deposits of $5 and the XM Zero account, with a minimum deposit of $100.
  • XM's Micro account allows smaller trade sizes than Standard account and XM Zero accounts, which allow larger trade sizes. An Islamic account is available for each of these account types. The Micro and Standard accounts do not charge commissions, the XM Zero account does charge commissions. XM offers a free VPS for clients who have a minimum balance of $5000 in their account, T&Cs apply. The smallest trade size is 0.001 lots. XM also provides a personal account manager, video tutorials, daily technical analysis, Forex market research and daily Forex signals, market outlook and webinars.

Markets

  • HYCM offers Forex, Indices, Energy, Soft Commodities, Cryptocurrencies, Metals and Stocks on the MT4 Fixed account, with 80+ available and on MT5, with 300+ available. On the MT4 Classic and Raw accounts, HYCM offers Forex, Gold and Silver, with 45+ available. On MT5
  • XM offers Forex, Indices, Energy, Soft Commodities, Cryptocurrencies, Metals and Stocks, with 700+ available on MT5. There are 100+ available on MT4, as it does not offer Stocks or Cryptocurrency CFDs. The XM Zero account has Forex, Gold and Silver, with 55+

HYCM provides 60+ Forex pairs, XM provides 60+ Forex pairs.

Cryptocurrency CFDs

  • HYCM offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, Monero, NEO, IOTA, Bitcoin Gold, Ethereum Classic, QTUM and Zcash CFDs.
  • XM offers Bitcoin, Ethereum, Litecoin, Bitcoin Cash and Ripple CFDs.

Leverage

Maximum leverage for HYCM (CySEC or FCA regulated) is . Maximum leverage for XM (FCA or CySEC regulated) is .

Commission charge

  • HYCM charges a commission of $2 per lot per side on the Raw account.
  • The XM Zero account charges commission of $3.5 per lot per side.

Platforms

Both brokers offer MT4 and MT5.

Why HYCM or XM ?

Traders who wish to run automated trading strategies on MT4 and MT5 (Expert Advisors) can do so at either broker. Both provide accounts which can offer low spreads plus a commission charge, which may suit automated traders. XM can provide a low minimum deposit and with its Micro account, allows the trader to potentially trade with a lower account balance. On MT5, XM can offer more markets as it has a large compliment of Stocks CFDs.

Comparison summary

  • Both offer CFD trading
  • Each provides MT4 and MT5
  • On MT5, XM can offer more markets
  • Both allow Expert Advisors
  • Each has an account which can have low spreads plus a commission charge (Raw for HYCM and XM Zero for XM)
  • On the Raw and XM Zero MT4 accounts, each had a reduced range of markets
  • XM has a Micro account which allows for small trade sizes

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