HYCM vs. EagleFX

Compare their range of markets, trading platforms, deposit and withdrawal methods, and much more.

Pros and Cons

HYCM

85% of retail CFD accounts lose money

  • Pros
  • Trade on MetaTrader 4 or MetaTrader 5.
  • Account base currencies: USD, EUR, GBP, AUD, RUB.
  • Negative balance protection for all customers.
  • Regulated by FCA, CySEC, DFSA and CIMA.
  • Cons
  • You cannot buy shares or cryptocurrency (only CFDs).
  • Scalping is not allowed.
  • No copy trading platform.
  • Monthly inactivity fee after 90 days.
  • Awards
  • Best Forex Trading Platform Middle East, 2019
  • Best Forex Broker Middle East, 2018
  • Best Forex Broker Europe, 2018
EagleFX

  • Pros
  • Open an account immediately with no identity checks.
  • Supports all Expert Advisors and trading styles.
  • No fees on deposits or withdrawals.
  • Leverage up to 1:500.
  • Cons
  • You cannot buy shares or crypto-currency (only CFDs).
  • Only supports MetaTrader 4.
  • Only regulated in The Commonwealth of Dominica.
  • Awards
  • Best ECN/STP Broker, 2020
  • Best Forex Broker, 2020

Trading platforms

Trading platformsHYCM ▷EagleFX ▷
MetaTrader 4
MetaTrader 5
cTrader
Currenex
Copy trading
Mirror trading
Other platformsHYCM WebTraderNA
Operating systemsHYCM ▷EagleFX ▷
Web trader
Android
iOS

Account funding

Deposits and withdrawalsHYCM ▷EagleFX ▷
Bank transfer
Credit card
Debit card
BitcoinNA
China UnionPayNA
NETELLERNA
SkrillNA
WebMoneyNA
Account base currenciesHYCM ▷EagleFX ▷
AED - UAE DirhamNA
BTC - BitcoinNA
CNY - Chinese YuanNA
EUR - Euro
GBP - British Pound
RUB - Russian RoubleNA
USD - U.S. Dollar

Regulators

Company informationHYCM ▷EagleFX ▷
Company nameHenyep Capital Markets (UK) LimitedEagleFX Ltd
Head officeLondon, UKCommonwealth of Dominica
Incorporation date1977NA
RegulatorsHYCM ▷EagleFX ▷
CySECCySEC No. 259/14NA
UKFCA No. 186171NA

HYCM

85% of retail CFD accounts lose money