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FXCM vs HYCM 2021

Is FXCM better than HYCM? In our analysis of 23 international regulators across 50 brokers, FXCM is considered low-risk, with an overall Trust Score of 93 out of 99. HYCM is considered average-risk, with an overall Trust Score of 84 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.

Overall Rating

Feature FXCM HYCM
Overall 4 3.5
Commissions & Fees 3.5 3.5
Offering of Investments 4 3
Platforms & Tools 4.5 3.5
Mobile Trading 4 3.5
Research 4 3.5
Education 4 3.5
Trust Score 93 84
FXCM Review HYCM Review
Between 70% of retail CFD accounts lose money 72% of retail CFD accounts lose money

Regulation

Feature FXCM HYCM
Trust Score 93 84
Year Founded
1999 1977
Publicly Traded (Listed)
Yes No
Bank
No No
Tier-1 Licenses
3 2
Tier-2 Licenses
3 2
Tier-3 Licenses
0 1
Authorised in the European Union
Yes Yes

Tier-1 Licenses (High Trust)

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

Tier-2 Licenses (Average Trust)

Feature FXCM HYCM
CBRC Authorised (China)
No No
CySEC Authorised (Cyprus)
Yes Yes
CBI Authorised (Ireland)
No No
ISA Authorised (Israel)
Yes No
FMA Authorised (New Zealand)
No No
CBR Authorised (Russia)
No No
FSCA Authorised (South Africa)
Yes No
SEC Authorised (Thailand)
No No

Tier-3 Licenses (Low Trust)

Feature FXCM HYCM
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands)
No No
FSC Authorised (Mauritius)
No No

Investments

Feature FXCM HYCM
Forex Trading
Yes Yes
CFD Trading
Yes Yes
Tradeable Symbols (Total)
276 245
Forex Pairs (Total)
42 71
US Stock Trading (Non CFD)
Yes No
Int'l Stock Trading (Non CFD)
Yes Yes
Cryptocurrency (Physical)
No No
Cryptocurrency (CFD)
Yes Yes
Social Trading / Copy-Trading
Yes No

Cost

Feature FXCM HYCM
Average Spread EUR/USD - Standard
1.4 (Q2 2020) 2
All-in Cost EUR/USD - Active
1.1 (Q2 2020) 1.1
Active Trader or VIP Discounts
Yes Yes
Execution: Agency Broker
Yes Yes
Execution: Market Maker
Yes Yes

Funding

Feature FXCM HYCM
Minimum Deposit
Starts from $50 $100
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
No No
Skrill (Deposit/Withdraw)
Yes Yes

Trading Platforms

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

Trading Tools

Feature FXCM HYCM
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
12 MetaTrader (Default)
Charting - Indicators / Studies (Total)
57 MetaTrader (Default)
Charting - Drawing Tools (Total)
26 MetaTrader (Default)
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes No
Order Type - Trailing Stop
Yes Yes

Mobile Trading

Feature FXCM 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
59 (Default MT4)
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 FXCM HYCM
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
Yes Yes
Autochartist
Yes No
Trading Central (Recognia)
Yes Yes
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes No
Economic Calendar
Yes Yes

Education

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

Major Forex Pairs

Feature FXCM 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 FXCM HYCM
Overall 4 3.5
Commissions & Fees 3.5 3.5
Offering of Investments 4 3
Platforms & Tools 4.5 3.5
Mobile Trading 4 3.5
Research 4 3.5
Education 4 3.5
Trust Score 93 84
FXCM 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 FXCM vs HYCM.

Does FXCM 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, FXCM offers better pricing overall for traders.

Is FXCM 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. FXCM holds 3 global Tier-1 licenses, while HYCM holds 2. FXCM holds 3 global Tier-2 licenses, while HYCM holds 2. In our analysis of 23 international regulators across 50 brokers, FXCM earned a higher Trust Score than HYCM.

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

How many forex pairs and CFDs are available to trade?
HYCM provides traders 71 currency pairs (e.g., EUR/USD) compared to FXCM's 42 available pairs. Forex pairs aside, FXCM offers traders access to 276 CFDs while HYCM has 245 available CFDs, a difference of 31.

Can I trust FXCM?
FXCM's parent company is publicly-traded, does not operate a bank, and is authorised by three tier-1 regulators (high trust), three tier-2 regulators (average trust), and zero tier-3 regulators (low trust). FXCM is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Financial Conduct Authority (FCA), and via Friedberg Direct, with the Investment Industry Regulatory Organization of Canada (IIROC).

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 FXCM good?
While the range of tradeable markets is narrow and pricing is just average, traders that appreciate robust trading tools alongside quality market research will find FXCM to be a winner.

Is HYCM good?
While its storied history is impressive, when it comes to trading forex and CFDs across its global brands, HYCM fails to impress. Effective spreads are high across all account options, and research and education are sub-par when compared to industry leaders.

Overall winner: FXCM

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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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