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City Index vs HYCM 2021

Is City Index better than HYCM ? After testing 27 of the best forex brokers over five months, City Index is better than HYCM . Backed by GAIN Capital, City Index is a trusted brand that traders choose for its advanced trading platforms, excellent mobile app, diverse market research, education, and extensive range of markets.


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature City Index HYCM
Overall 4.5 3.5
Commissions & Fees 3.5 3.5
Offering of Investments 5 3
Platforms & Tools 4.5 3.5
Mobile Trading 4.5 3.5
Research 4.5 3.5
Education 4.5 3.5
Trust Score 93 84
City Index Review HYCM Review
Winner check_circle
73% of retail CFD accounts lose money 71% of retail CFD accounts lose money

Regulation

Feature City Index HYCM
Trust Score 93 84
Year Founded
1983 1977
Publicly Traded (Listed)
Yes No
Bank
No No
Tier-1 Licenses
3 2
Tier-2 Licenses
0 2
Tier-3 Licenses
1 1
Authorised in the European Union
Yes Yes

Tier-1 Licenses (High Trust)

Feature City Index HYCM
ASIC Authorised (Australia)
Yes No
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
No Yes
FSA Authorised (Japan)
No No
MAS Authorised (Singapore)
Yes No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
No No

Investments

Feature City Index HYCM
Forex Trading
Yes Yes
CFDs (Total)
4500 278
Forex Pairs (Total)
65 69
Cryptocurrency (Physical)
No No
Cryptocurrency (CFD)
Yes Yes
Social Trading / Copy-Trading
Yes Yes

Cost

Feature City Index HYCM
Average Spread EUR/USD - Standard
1.1 (Aug 2020) 2
All-in Cost EUR/USD - Active
1.1 (Aug 2020) 1.1
Active Trader or VIP Discounts
Yes Yes

Funding

Feature City Index HYCM
Minimum Initial Deposit
£50.00 $100
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
Yes No
Skrill (Deposit/Withdraw)
No Yes

Trading Platforms

Feature City Index HYCM
Proprietary Platform
Yes No
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes Yes
MetaTrader 4 (MT4)
Yes Yes
MetaTrader 5 (MT5)
No Yes
cTrader
No No
DupliTrade
No No
ZuluTrade
No No

Trading Tools

Feature City Index HYCM
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes No
Watchlists - Total Fields
18 (default MT4)
Charting - Indicators / Studies (Total)
139 (default MT4)
Charting - Drawing Tools (Total)
25 (default MT4)
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes No
Order Type - Trailing Stop
Yes Yes

Mobile Trading

Feature City Index HYCM
Android App
Yes Yes
Apple iOS App
Yes Yes
Alerts - Basic Fields
Yes No
Watch List
Yes No
Watch List Syncing
Yes No
Charting - Indicators / Studies
88 (default MT4)
Charting - Draw Trendlines
Yes No
Charting - Trendlines Moveable
No No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes No
Forex Calendar
Yes No

Research

Feature City Index HYCM
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
No Yes
AutoChartist
No No
Trading Central (Recognia)
Yes Yes
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes No
Economic Calendar
Yes Yes

Education

Feature City Index HYCM
Has Education - Forex
Yes No
Has Education - CFDs
Yes No
Client Webinars
Yes Yes
Client Webinars (Archived)
Yes No
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes No
Investor Dictionary (Glossary)
Yes Yes

Major Forex Pairs

Feature City Index HYCM
GBP/USD
Yes Yes
USD/JPY
Yes Yes
EUR/USD
Yes Yes
USD/CHF
Yes Yes
USD/CAD
Yes Yes
NZD/USD
Yes Yes
AUD/USD
Yes Yes

Overall

Feature City Index HYCM
Overall 4.5 3.5
Commissions & Fees 3.5 3.5
Offering of Investments 5 3
Platforms & Tools 4.5 3.5
Mobile Trading 4.5 3.5
Research 4.5 3.5
Education 4.5 3.5
Trust Score 93 84
City Index Review HYCM Review

Comparing forex brokers side by side is no easy task. For our 2021 annual forex broker review, we spent hundreds of hours assessing 27 forex and CFD brokerages to find the best forex broker. Let's compare City Index vs HYCM .

Does City Index or HYCM offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, City Index offers better pricing overall for traders.

Is City Index or HYCM safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. City Index holds 3 global Tier-1 licenses, while HYCM holds 2. HYCM holds 2 global Tier-2 licenses, while City Index holds 0. All regulators considered, City Index has a Trust Score of 93.00, while HYCM 's Trust Score is 84.00.

Which trading platform is better: City Index or HYCM ?
To compare the trading platforms of both City Index and HYCM , we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, City Index offers a better experience. With research, City Index offers superior market research. Finally, we found City Index to provide better mobile trading apps.

What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. City Index and HYCM both offer copy trading. Both City Index and HYCM offer MetaTrader 4 (MT4).

How many forex pairs and CFDs are available to trade?
HYCM provides traders 69 currency pairs (e.g., EUR/USD) compared to City Index's 65 available pairs. Forex pairs aside, City Index offers traders access to 4500 CFDs while HYCM has 278 available CFDs, a difference of 4,222.

Overall winner: City Index

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Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published website as of 12/14/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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