5paisa vs HYCM

5paisa vs HYCM Comparison Table 2022
5paisa HYCM
United States Flag Traders from US accepted
United States Flag Traders from US not accepted
5paisa is a discount Indian brokerage with equities and derivatives trading on thousands of products. Trade on the financial markets with low cost, leveraged products at HYCM.
Awards
Best Forex Broker 2021-2022 - Spain, Middle East, Asia, Germany
Best Trading Platform App 2021 - Forex Expo
Best Mobile Trading App 2020 - World of Finance Forex Award


Promotions

HYCM Offers A 10% Deposit Bonus For New Traders

Bonus
None 10% deposit bonus up to $5,000
Instruments
Stocks, Futures, Options, Forex Forex, CFDs, Commodities, Shares, Indices, ETFs
Demo Account
No Yes
Minimum Deposit
INR 450 $100
Payment Methods
Wire Transfer Mastercard, Neteller, Skrill, Visa, Wire Transfer
Minimum Trade
No 0.01 lots
Regulator
SEBI FCA, DFSA, CIMA, CySEC
Margin Trading
Yes Yes
Margin Rate
Variable upon regulation and jurisdiction
MetaTrader 4
No Yes
MetaTrader 5
No Yes
cTrader
No No
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
Yes No
AI / Machine Learning
- No
Robo Advisor
- No
Negative Balance Protection
- Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS & Android Yes
Auto Trading
- Yes (EAs)
Trade Signals
Yes -
VPS Hosting
- No
Tournaments
- No
Demo Competitions
- No
Ethical Investing
- No
Social Trading
No No
Copy Trading
No Yes
Islamic Account
No Yes
Account Currencies
INR USD, EUR, GBP, RUB, AED
CFD
CFD trading not offered Trade on a range of leveraged CFD products at HYCM.
Leverage
1:30 EU, 1:500 Global
FTSE Spread
Not offered
GBPUSD Spread
From 0.1 + $4 per round
Oil Spread
From 2 pips
Stocks Spread
Variable
Forex
5paisa supports forex trading through futures and options on four major currencies paired with the Indian rupee. Trade on the FX market with flexible leverage and dynamic market spreads.
GBPUSD Spread
N/A From 0.4 + $4 per round
EURUSD Spread
N/A From 0.1 + $4 per round
EURGBP Spread
N/A From 0.4 + $4 per round
Assets
4 40+
Cryptocurrency
Crypto trading not offered Trade the BTC/USD with 1:5 leverage
Spread
Variable
Coins
BTC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
- -
Auto Market Maker
No No
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