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 |