HYCM vs. PrimeXBT

HYCM

$100 min. deposit

1:500 leverage

85% of retail CFD accounts lose money

Updated Sep 2024

PrimeXBT

$250 min. deposit

1:1000 leverage

Updated Oct 2024

  • Overall
    4.2 / 5
  • Markets
    5.0 / 5
  • Trading environment
    3.8 / 5
  • Deposits and withdrawals
    4.4 / 5
  • Investor protection
    3.8 / 5
  • Customer service
    4.0 / 5
  • Likes
  • Trade CFDs or invest in over 1,000 "real" stocks.
  • Trade on MetaTrader 4 or MetaTrader 5.
  • Get free signals from Trading Central.
  • Open a trading account in USD, EUR, GBP, CAD and AED.
  • Dislikes
  • Trading fees on its Fixed and Classic accounts are a little high.
  • Monthly inactivity fees apply after 90 days.
  • Copy trading isn't possible.
  • Overall
    3.1 / 5
  • Markets
    3.2 / 5
  • Trading environment
    3.2 / 5
  • Deposits and withdrawals
    3.8 / 5
  • Investor protection
    2.2 / 5
  • Customer service
    3.0 / 5
  • Likes
  • Start trading in minutes.
  • No KYC and no ID verification prior to trading.
  • Small initial deposit of 0.001 BTC (approximately US$ 40).
  • Trade CFDs on cryptocurrencies, Forex, indices, energies and metals.
  • Leverage up to 1:000.
  • Dislikes
  • No CFDs on individual stocks or ETFs.
  • No support for MT4, TradingView or cTrader.
  • PrimeXBT only accepts crypto-currency deposits.
  • PrimeXBT is not regulated or licensed.

Easily navigate this review:

Markets
Asset classes (#)Visit HYCM Visit PrimeXBT
Forex (CFD)6746
Cryptos (CFD)*2841
Stocks (CFD)151
Stocks1080
Indices (CFD)2712
Metals (CFD)132
Energy (CFD)33
Commodities (CFD)4

* Availability is subject to local laws and regulations.

Trading environment
PlatformsVisit HYCM Visit PrimeXBT
MT4
MT5
Copy trading
Other platformsPrimeXBT Trader
Deposits and withdrawals
Deposits and withdrawals (Fiat)Visit HYCM Visit PrimeXBT
Bank transfer
Credit card
Debit card
NETELLER *
Perfect Money
Skrill *
WebMoney
2c2p
Deposits and withdrawals (Crypto)Visit HYCM Visit PrimeXBT
Binance Pay
BTC (Bitcoin)
ETH (Ethereum)
USDC (Circle)
USDT (Tether)
Account base currenciesVisit HYCM Visit PrimeXBT
AED
BTC
EUR
GBP
USD
Investor protection
Regulated entitiesVisit HYCM Visit PrimeXBT
Cayman Islands
Cyprus (EU)
Seychelles
St. Lucia
St. Vincent & the Grenadines
UAE
UK
HYCM

Visit HYCM ▷

85% of retail CFD accounts lose money
PrimeXBT

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