Basic data of broker
Recommended for Forex and CFD traders who prefer the MetaTrader platform
Recommended for Traders and investors looking for low fees
Low CFD and forex fees, average non-trading fees
Low trading and non-trading fees
Stock and ETF fees
Deposit and withdrawal
Proof of identity: national ID / passport / driver's license Proof of residency: bank statement / utility bill
Proof of identity: passport / identity card Proof of address: Electricity, water or telephone bill, back of identity card (only if identity card was not used for proof of identity)
Markets and products
Disclaimer: 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Disclaimer: 52.55% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
£85,000 for cliens under FCA, €20,000 under CySEC, no protection under other entities
€20,000 investor protection
UK, Cyprus, Dubai, Cayman Islands
For detailed information and hands-on experience, read our review of this broker.
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
HYCM's service is on par with nextmarkets's and a comparison of their fees shows that HYCM's fees are slightly higher than nextmarkets's.
Account opening takes about the same effort at HYCM compared to nextmarkets, deposit and withdrawal processes are about the same quality at HYCM, while customer service quality is similar to nextmarkets's.
Our experts rated the trading platform of HYCM as somewhat worse than the platform of nextmarkets, found that clients have access to about the same number of markets and products with HYCM, while nextmarkets provides somewhat lower-quality research and education.