HYCM vs. FXOpen
Compare their range of markets, trading platforms, deposit and withdrawal methods, and much more.
Pros and Cons
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
- Pros
- Leverage up to 1:500.
- Trade on MetaTrader 4, 5 or TickTrader.
- All trading strategies allowed (ECN account).
- Account base currencies: USD, AUD, CHF, EUR, GBP, JPY, RUB, SGD, mBTC.
- Cons
- Withdrawal fees between 2.5% and 8.25% (depending on your deposit method), if you request a withdrawal before meeting minimum notional trading volume requirements.
- FXOpen is only regulated in Nevis.
- Awards
- High-quality order execution, 2018 - VerifyMyTrade
- Best Forex Broker Australia, 2011 - World Finance
- Best Trading Platform, 2010 - Falcon Award
Markets
Trading platforms
Account funding
| Deposits and withdrawals | HYCM ▷ | FXOpen ▷ |
| Bank transfer |  | |
|---|---|---|
| Credit card | | |
| Debit card | | |
| Bitcoin | NA | |
| China UnionPay | | NA |
| DixiPay | NA | |
| FasaPay | NA | |
| NETELLER | | NA |
| Perfect Money | NA | |
| QIWI Wallet | NA | |
| Skrill | | |
| SorexPay | NA | |
| WebMoney | | |
| Yandex.Money | NA | |
| Account base currencies | HYCM ▷ | FXOpen ▷ |
| AED - UAE Dirham | | NA |
| AUD - Australian Dollar | NA | |
| CHF - Swiss Franc | NA | |
| CNY - Chinese Yuan | | NA |
| EUR - Euro | | |
| GBP - British Pound | | |
| JPY - Japanese Yen | NA | |
| RUB - Russian Rouble | | |
| SGD - Singapore Dollar | NA | |
| USD - U.S. Dollar | | |
