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HYCM vs TopFX 2021

Is HYCM better than TopFX? In our analysis of 23 international regulators across 50 brokers, HYCM is considered average-risk, with an overall Trust Score of 86 out of 99. TopFX is considered high-risk, with an overall Trust Score of 67 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 HYCM TopFX
Overall 4 3.5
Commissions & Fees 5 3.5
Offering of Investments 3.5 3.5
Platforms & Tools 3.5 3.5
Mobile Trading Apps 4 3.5
Research 3.5 3
Education 3.5 3
Trust Score 86 67
HYCM Review TopFX Review
72% of retail CFD accounts lose money
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Regulation

Feature HYCM TopFX
Trust Score 86 67
Year Founded
1977 2010
Publicly Traded (Listed)
No No
Bank
No No
Tier-1 Licenses
2 0
Tier-2 Licenses
2 1
Tier-3 Licenses
1 0
Authorised in the European Union
Yes No

Tier-1 Licenses (High Trust)

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

Tier-2 Licenses (Average Trust)

Feature HYCM TopFX
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)
Yes No

Tier-3 Licenses (Low Trust)

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

Investments

Feature HYCM TopFX
Forex Trading
Yes Yes
CFD Trading
Yes Yes
Tradeable Symbols (Total)
245 655
Forex Pairs (Total)
71 60
US Stock Trading (Non CFD)
No No
Int'l Stock Trading (Non CFD)
Yes No
Social Trading / Copy-Trading
No Yes
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 HYCM TopFX
Average Spread EUR/USD - Standard
0.6 (Sept 2021) n/a
All-in Cost EUR/USD - Active
0.6 (Sept 2021) n/a
Active Trader or VIP Discounts
Yes No
Execution: Agency Broker
Yes No
Execution: Market Maker
Yes Yes

Funding

Feature HYCM TopFX
Minimum Deposit
$100 Depends on payment method
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
No Yes
Skrill (Deposit/Withdraw)
Yes Yes

Trading Platforms

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

Trading Tools

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

Mobile Trading

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

Research

Feature HYCM TopFX
Daily Market Commentary
Yes No
Forex News (Top-Tier Sources)
Yes Yes
Autochartist
No Yes
Trading Central (Recognia)
Yes Yes
Delkos Research
No No
Social Sentiment - Currency Pairs
No Yes
Economic Calendar
Yes Yes

Education

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

Major Forex Pairs

Feature HYCM TopFX
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 HYCM TopFX
Overall 4 3.5
Commissions & Fees 5 3.5
Offering of Investments 3.5 3.5
Platforms & Tools 3.5 3.5
Mobile Trading Apps 4 3.5
Research 3.5 3
Education 3.5 3
Trust Score 86 67
HYCM Review TopFX 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 HYCM vs TopFX.

Does HYCM or TopFX 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 HYCM or TopFX 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. HYCM holds 2 global Tier-1 licenses, while TopFX holds 0. HYCM holds 2 global Tier-2 licenses, while TopFX holds 1. In our analysis of 23 international regulators across 50 brokers, HYCM earned a higher Trust Score than TopFX.

Which trading platform is better: HYCM or TopFX?
To compare the trading platforms of both HYCM and TopFX, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, HYCM offers a better experience. With research, HYCM offers superior market research. Finally, we found HYCM 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 TopFX offers copy trading, HYCM does not. Both HYCM and TopFX 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 TopFX's 60 available pairs. Forex pairs aside, TopFX offers traders access to 655 CFDs while HYCM has 245 available CFDs, a difference of 410.

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).

Can I trust TopFX?
TopFX is not publicly traded and does not operate a bank. TopFX is authorised by zero tier-1 regulators (high trust) and one tier-2 regulator (average trust).

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.

Is TopFX good?
TopFX offers the MetaTrader and cTrader platform suites, and grants access to a medium range of CFD markets and forex pairs. However, TopFX struggles to compete with the best brokers in several categories, including market research and education.

Overall winner: HYCM

Read Next: Best Forex Brokers 2022


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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.

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