ForexMart vs HYCM Broker Comparison

Are you trying to figure out which is a better broker, ForexMart or HYCM? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that ForexMart is the better of the two. ForexMart offers 300+ instruments, licenses from FCA, CySec, and fair trading fees.

In the tables below, you can compare the features of ForexMart and HYCM side by side, to work out which suits your trading needs best. You can also carry on reading to find out why our experts ranked ForexMart higher than HYCM.

Rating
95/100
92.8/100
Min. Deposit
1$
100$
Regulated By
FCAFCA
CySecCySec
FCAFCA
CySecCySec
CIMACIMA
Bonus
30%
up to 5,000
Min. Spread
1.8
Max. Leverage
500:1
1:200
Currency Pairs
100
69
Trading Instruments
300+
300+
Trading Platforms
MT4, mobile, WebTrader
MT4, MT5, mobile
Deposit Methods
Bank transfer, Visa, Mastercard, Maestro,
Bank transfer, Visa, MasterCard, Neteller, Skrill, WebMoney
Type of Brokers
ECN Broker
Market Maker
Customer Support
25/7
24/5
Language Support
16
12
Established
-
2010 1997, HQ in Cyprus
Used By
1,000,000+ Traders

Does ForexMart or HYCM have lower trading costs and fees?

To compare the costs of trading at different brokers, our experts analyze both trading-specific fees, such as spreads, and non-trading fees, such as inactivity charges and payment costs.

To give an overall view of how cheap or expensive ForexMart and HYCM are, we first considered the common fees on Standard Accounts. At ForexMart the average spread for the EUR/USD currency pair is pips, whilst at HYCM the spread is 1.8.

This shows that ForexMart is the better option for low-cost forex trading.

When it comes to non-trading fees, ForexMart charges for withdrawal. HYCM charges for inactivity. With this in mind, both brokers offer similar non-trading fees.

When our experts analyzed the specific costs of both brokers, we found that is the better option.

Trading Fees*

*Based on Standard account type.

Non-Trading Fees

Which broker is safer, ForexMart or HYCM?

In order to decide how safe our top-rated brokers are, our experts look at a number of factors. This includes what licenses the broker holds and how reputable those licenses are. We also consider the history of the broker, as a long-standing broker is often more reliable and trustworthy than a newer one.

ForexMart is regulated by FCA, CySec and offers client protection. HYCM is regulated by FCA, CySec, CIMA and offers client protection.

Considering these two factors, and the general reputation and history of both brokers, we believe that HYCM is the safer broker.

Broker summary

How many trading instruments are available at ForexMart and HYCM?

ForexMart provides traders with 300+ instruments. This includes 100 currency pairs, 1 cryptocurrencies, and 1 stocks and shares. With ForexMart, you cannot trade CFDs.

In comparison, HYCM boasts 300+ tradable instruments. HYCM offers 69 currency pairs, 14 cryptocurrencies, and 70 stocks and shares. HYCM also allows CFD trading.

As both brokers offer the same total number of instruments, both are great choice if you are wishing to diversify your trading portfolio.

Markets and Products

Which broker offers the best trading platform, ForexMart or HYCM?

When our experts review a broker, they open their own accounts and place trades via the broker’s trading platform. This allows them to fully evaluate the quality of the platform, how easy it is to use and what features it offers.

ForexMart provides you with the ability to trade via 3 trading platforms, and HYCM has 3 trading platforms, too. Both brokers also offer research and trading tools, however HYCM has more.

Overall, our experts agree that ForexMart boasts the better trading platform offering.

Research Tools

Which is better for beginners, ForexMart or HYCM?

To decide how well-suited a broker is for beginner traders, our experts look at what educational materials are available, how accessible the minimum deposit limits are, the range of account types and whether or not you can practice trading with a demo account first.

Considering this, our reviews show that ForexMart is the better broker for beginner traders as it offers a larger range of educational tools and materials. ForexMart also has a minimum deposit of $.

Educational Features

Which broker is better overall?

Overall, our tested reviewing methodology proves that ForexMart is the better broker in a range of key areas. You can learn more by reading our ForexMart and HYCM reviews.

ForexMart vs HYCM
ForexMart
95
Points
HYCM
92.8
Points
Overall
3 points
ForexMart
95
Points
HYCM
95
Points
Commissions & Fees
ForexMart
95
Points
HYCM
99
Points
Licensing & Safety
4 points
ForexMart
95
Points
HYCM
87
Points
Trading Platforms & Tools
8 points
ForexMart
95
Points
HYCM
92
Points
Payments
3 points
ForexMart
95
Points
HYCM
95
Points
Customer Service
ForexMart
95
Points
HYCM
89
Points
Educational
6 points
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