HotForex vs. HYCM

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

Pros and Cons

HotForex

  • Pros
  • Trade CFDs on all asset classes, including ETFs.
  • Trade through MetaTrader 4 or 5.
  • Get Direct Market Access.
  • Low 20% stop-out level.
  • PAMM accounts are available.
  • Cons
  • You cannot buy shares or cryptocurrency (only CFDs).
  • Monthly inactivity fee after 6 months.
  • Awards
  • Best Forex Trading Conditions, 2020 - IBM
  • Best Client Security, 2020 - Global Brands
  • Best Copy Trading Platform, 2019 - Forex Awards
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

Trading platforms

Trading platformsHotForex ▷HYCM ▷
MetaTrader 4
MetaTrader 5
cTraderNA
Currenex
Copy trading
Mirror trading
Other platformsNAHYCM WebTrader
Operating systemsHotForex ▷HYCM ▷
Web trader
Android
iOS

Account funding

Deposits and withdrawalsHotForex ▷HYCM ▷
Bank transfer
Credit card
Debit card
bitwalletNA
China UnionPay
FasaPayNA
NETELLER
Skrill
WebMoney
Yandex.MoneyNA
Account base currenciesHotForex ▷HYCM ▷
AED - UAE DirhamNA
CNY - Chinese YuanNA
EUR - Euro
GBP - British PoundNA
RUB - Russian RoubleNA
USD - U.S. Dollar

Regulators

Company informationHotForex ▷HYCM ▷
Company nameHF Markets (SV) LtdHenyep Capital Markets (UK) Limited
Head officeSt. Vincent & the GrenadinesLondon, UK
Incorporation date20101977
RegulatorsHotForex ▷HYCM ▷
CySECCySEC 183/12CySEC No. 259/14
FranceACPR No. 74492NA
GermanyBaFin No. 132342NA
MauritiusNo. C110008214NA
South AfricaFSCA No. 46632NA
UKFCA No. 600473FCA No. 186171

HYCM

85% of retail CFD accounts lose money