ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Learn How We Make Money

FOREX.com vs HYCM 2021

Is FOREX.com better than HYCM? In our analysis of 23 international regulators across 39 brokers, FOREX.com is considered low-risk, with an overall Trust Score of 99 out of 99. HYCM is considered average-risk, with an overall Trust Score of 86 out of 99. Learn more about Trust Score.


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.

A Global Market Leader!Visit Site
Visit Site >

Overall Rating

Feature FOREX.com HYCM
Overall 4.5 4
Commissions & Fees 4 5
Offering of Investments 5 3.5
Platforms & Tools 4.5 3.5
Mobile Trading Apps 4.5 4
Research 4 3.5
Education 4 3.5
Trust Score 99 86
FOREX.com Review HYCM Review
80% of retail CFD accounts lose money 72% of retail CFD accounts lose money
Winner check_circle

Regulation

Feature FOREX.com HYCM
Trust Score 99 86
Year Founded
1999 1977
Publicly Traded (Listed)
Yes No
Bank
No No
Tier-1 Licenses
4 2
Tier-2 Licenses
1 2
Tier-3 Licenses
1 1
Authorised in the European Union
Yes Yes

Tier-1 Licenses (High Trust)

Feature FOREX.com HYCM
ASIC Authorised (Australia)
No No
IIROC Authorised (Canada)
Yes No
SFC Authorised (Hong Kong)
No Yes
CBI Authorised (Ireland)
No No
FSA Authorised (Japan)
Yes No
MAS Authorised (Singapore)
No No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
Yes No
FMA Authorised (New Zealand)
No No

Tier-2 Licenses (Average Trust)

Feature FOREX.com HYCM
CBRC Authorised (China)
No No
CySEC Authorised (Cyprus)
Yes Yes
SEBI Authorised (India)
No No
ISA Authorised (Israel)
No No
CBR Authorised (Russia)
No No
FSCA Authorised (South Africa)
No No
SEC Authorised (Thailand)
No No
DFSA / Central Bank Authorised (UAE)
No Yes

Tier-3 Licenses (Low Trust)

Feature FOREX.com HYCM
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No No
Cayman Islands Monetary Authority (CIMA)
Yes Yes
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands)
No No
FSC Authorised (Mauritius)
No No
VFSC Authorised (Vanuatu)
No No

Investments

Feature FOREX.com HYCM
Forex Trading
Yes Yes
CFD Trading
Yes Yes
Tradeable Symbols (Total)
5500 245
Forex Pairs (Total)
91 71
US Stock Trading (Non CFD)
No No
Int'l Stock Trading (Non CFD)
No Yes
Social Trading / Copy-Trading
No No
Cryptocurrency (Physical)
No No
Cryptocurrency (CFD)
Yes Yes
Crypto Disclaimer (UK) Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).

Cost

Feature FOREX.com HYCM
Average Spread EUR/USD - Standard
1.1 (US August 2021) 0.6 (Sept 2021)
All-in Cost EUR/USD - Active
1.1 (August 2021) 0.6 (Sept 2021)
Active Trader or VIP Discounts
Yes Yes
Execution: Agency Broker
No Yes
Execution: Market Maker
Yes Yes

Funding

Feature FOREX.com HYCM
Minimum Deposit
$100.00 $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 FOREX.com HYCM
Proprietary Platform
Yes No
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
No No
MetaTrader 4 (MT4)
Yes Yes
MetaTrader 5 (MT5)
Yes Yes
cTrader
No No
DupliTrade
No No
ZuluTrade
No No

Trading Tools

Feature FOREX.com HYCM
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
18 7
Charting - Indicators / Studies (Total)
139 30
Charting - Drawing Tools (Total)
25 15
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes No

Mobile Trading

Feature FOREX.com HYCM
Android App
Yes Yes
Apple iOS App
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
Yes No
Charting - Indicators / Studies
88 30
Charting - Draw Trendlines
Yes Yes
Charting - Trendlines Moveable
Yes No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes Yes
Forex Calendar
Yes Yes

Research

Feature FOREX.com HYCM
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes 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 FOREX.com HYCM
Has Education - Forex or CFDs
Yes No
Client Webinars
Yes Yes
Client Webinars (Archived)
No Yes
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
No No
Investor Dictionary (Glossary)
Yes Yes

Major Forex Pairs

Feature FOREX.com 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 FOREX.com HYCM
Overall 4.5 4
Commissions & Fees 4 5
Offering of Investments 5 3.5
Platforms & Tools 4.5 3.5
Mobile Trading Apps 4.5 4
Research 4 3.5
Education 4 3.5
Trust Score 99 86
FOREX.com Review HYCM Review

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare FOREX.com vs HYCM.

Does FOREX.com 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, HYCM offers better pricing overall for traders.

Is FOREX.com or HYCM safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. FOREX.com holds 4 global Tier-1 licenses, while HYCM holds 2. HYCM holds 2 global Tier-2 licenses, while FOREX.com holds 1. In our analysis of 23 international regulators across 50 brokers, FOREX.com earned a higher Trust Score than HYCM.

Which trading platform is better: FOREX.com or HYCM?
To compare the trading platforms of both FOREX.com and HYCM, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, FOREX.com offers a better experience. With research, FOREX.com offers superior market research. Finally, we found FOREX.com 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. Copy trading is not offered by either broker. Both FOREX.com and HYCM offer MetaTrader 4 (MT4).

How many forex pairs and CFDs are available to trade?
FOREX.com provides traders 91 currency pairs (e.g., EUR/USD) compared to HYCM's 71 available pairs. Forex pairs aside, FOREX.com offers traders access to 5500 CFDs while HYCM has 245 available CFDs, a difference of 5,255.

Can I trust FOREX.com?
FOREX.com is publicly traded, does not operate a bank, and is authorised by four tier-1 regulators (high trust), zero tier-2 regulators (average trust), and one tier-3 regulator (low trust). City Index is authorised by the following tier-1 regulators: Investment Industry Regulatory Organization of Canada (IIROC), Japanese Financial Services Authority (JFSA), Financial Conduct Authority (FCA), and the Commodity Futures Trading Commission (CFTC).

Can I trust HYCM?
HYCM is not publicly traded and does operate a bank. HYCM is authorised by two tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). HYCM is authorised by the following tier-1 regulators: Securities Futures Commission (SFC) and Financial Conduct Authority (FCA).

Is FOREX.com good?
FOREX.com is a trusted brand that delivers an excellent trading experience for forex and CFDs traders across the globe. It offers a wide range of markets and provides an impressive suite of proprietary platforms – alongside limited access to MetaTrader.

Is HYCM good?
HYCM is a trusted brand that offers a straightforward MetaTrader platform experience. Its Raw account delivers competitive pricing, and traders gain access to third-party modules from Trading Central as well as exchange-traded securities (available through a separate platform). That said, HYCM offers a narrow range of symbols to forex and CFD traders.

Overall winner: FOREX.com

Read Next: Best Forex Brokers 2022


Related Comparisons

Trading CFDs, FX, and cryptocurrencies involves 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 01/10/2022 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 "Contact" link at the bottom of this page.

The names, products, services, branding/logos, and other trademarks or images featured or cited within this website (www.forexbrokers.com) are the property of their respective owners and the owners retain all legal rights therein. These trademark holders are not affiliated with ForexBrokers.com and the use or display of names, trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, or endorses ForexBrokers.com or any of its reviews, products, or services. ForexBrokers.com declares no affiliation, sponsorship, nor any partnership with any trademark holders unless otherwise stated.

arrow_drop_upBack to top