HYCM vs FXCM Broker Comparison

Does HYCM or FXCM 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 HYCM and FXCM are, we first considered the common fees on Standard Accounts. At HYCM the average spread for the EUR/USD currency pair is 1.8 pips, whilst at FXCM the spread is 1.3.

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

When it comes to non-trading fees, HYCM charges for inactivity. FXCM charges for inactivity, withdrawal. With this in mind, HYCM has lower non-trading fees.

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

*Based on Standard account type.

Which broker is safer, HYCM or FXCM?

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.

HYCM is regulated by FCA, CySec, CIMA and offers client protection. FXCM is regulated by FCA, CySec, FSCA, ASIC 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.

How many trading instruments are available at HYCM and FXCM?

HYCM provides traders with 300+ instruments. This includes 69 currency pairs, 14 cryptocurrencies, and 70 stocks and shares. With HYCM, you can also trade CFDs.

In comparison, FXCM boasts 60+ tradable instruments. FXCM offers 39 currency pairs, 7 cryptocurrencies, and 100+ stocks and shares. FXCM 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.

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

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.

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

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

Which is better for beginners, HYCM or FXCM?

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 FXCM is the better broker for beginner traders as it offers a larger range of educational tools and materials. FXCM also has a minimum deposit of $.

Which broker is better overall?

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