HYCM vs. LiteForex

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
LiteForex

83% of retail CFD accounts lose money

  • Pros
  • Receive 2.5% interest on surplus funds in your account.
  • Trade on Metatrader 4 on Metatrader 5.
  • All trading strategies are allowed (ECN account).
  • Free technical and fundamental analysis (Claws&Horns).
  • Social trading platform.
  • Cons
  • You cannot buy shares or cryptocurrency (only CFDs).
  • No CFDs on stocks, cryptocurrency, commodities or ETFs.
  • Awards
  • Best Forex Broker Africa, 2011
  • Best Client Service, 2011
  • Best Retail Forex Provider, 2010

Trading platforms

Trading platformsHYCM ▷LiteForex ▷
MetaTrader 4
MetaTrader 5
cTraderNA
CurrenexNA
Copy trading
Mirror trading
Other platformsHYCM WebTraderNA
Operating systemsHYCM ▷LiteForex ▷
Web trader
Android
iOS

Account funding

Deposits and withdrawalsHYCM ▷LiteForex ▷
Bank transfer
Credit card
Debit card
AlipayNA
BitcoinNA
Bitcoin CashNA
Bitcoin GoldNA
bitwalletNA
CashUNA
China UnionPay
EthereumNA
LitecoinNA
MoneroNA
MoneyGramNA
MTS.ruNA
NETELLER
OKPAYNA
PayeerNA
Perfect MoneyNA
QIWI WalletNA
Skrill
WebMoney
Western UnionNA
Yandex.MoneyNA
Account base currenciesHYCM ▷LiteForex ▷
AED - UAE DirhamNA
CHF - Swiss FrancNA
CNY - Chinese YuanNA
EUR - Euro
GBP - British Pound
PLN - Polish ZłotyNA
RUB - Russian Rouble
USD - U.S. Dollar

Regulators

Company informationHYCM ▷LiteForex ▷
Company nameHenyep Capital Markets (UK) LimitedLiteForex Investments Limited
Head officeLondon, UKMarshall Islands
Incorporation date19772005
RegulatorsHYCM ▷LiteForex ▷
CySECCySEC No. 259/14CySec No 093/08
UKFCA No. 186171NA

HYCM

85% of retail CFD accounts lose money

LiteForex

83% of retail CFD accounts lose money