HYCM vs Windsor Brokers

HYCM vs Windsor Brokers Comparison Table 2024
HYCM Windsor Brokers
3.8
3.5
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

HYCM is an online broker with authorization from four international bodies including the FCA and CySEC. The broker offers short-term CFD trading on forex, shares, commodities, indices, ETFs and Bitcoin, and supports the MT4 and MT5 platforms, as well as Trading Central analysis.

Windsor Brokers is a multi-regulated broker offering CFD trading on diverse instruments via the MetaTrader 4 platform. This CySEC-regulated firm offers tight spreads from 0.2 and $8 round-turn commissions on its Zero account as well as a commission-free account with spreads from 1 pip. The broker provides very high leverage up to 1:1000 while also providing a reliable service with client funds insured up to 5 million euros.

Bonus Offer
10% deposit bonus up to $5,000 $30 no deposit bonus
Comment by Reviewer
"Traders looking for a multi-asset broker with good platform support, extra analysis features and strong regulation should try HYCM. The competitive raw-spread accounts will also serve scalpers and high-volume traders." "Both beginners and experienced forex traders will find good value in Windsor Brokers' flexible account options, which give the opportunity for highly leveraged trading with safeguards like negative balance protection."
Pros
  • The low $20 minimum deposit is suitable for beginners, as well as the Fixed spread account with no commissions
  • The broker is overseen by trusted regulators, including the FCA
  • MT4 and MT5 integration ensures that active day traders can access a vast selection of technical charting tools
  • There's a good range of free analytical tools, particularly Seasonax for pattern analysis
  • Spreads are competitive in the Raw account, starting from 0.1 pips for EUR/USD
  • Traders can access fee-free payments with rapid processing
  • Tight spreads and competitive commissions on Zero account
  • MT4 platform support plus copy trading functions
  • Overseen by reputable regulators including CySEC
  • Excellent range of educational materials
  • High leverage up to 1:1000
Cons
  • Not the best overall range of assets, with just 200+ stocks
  • Market coverage varies quite significantly between account types and platforms
  • There's a high commission of $4 each way on the Raw account
  • No additional trading platform support
  • Regulatory oversight varies between entities
  • Weak customer support and live chat function
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
  • Best Multi-Trading Platform 2018 - Global Brands Magazine
  • Best CSR Company 2018 – International Finance Magazine
  • Most Transparent Forex Brokers 2018 - Jordan Forex Expo
  • Most Trusted Forex Broker 2017 - UK Forex Awards
  • Best Forex Provider 2014 - China International Expo
  • Best Forex Broker 2011 - Middle East Forex Expo
Instruments
CFDs, Forex, Stocks, Indices, Commodities, ETFs Forex, CFDs, indices, shares, commodities, treasuries
Demo Account
Yes Yes
Minimum Deposit
$20 $100
Trading Platforms
  • HYCM Trader
  • MT4
  • MT5
  • TradingCentral
  • MT4
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FCA, DFSA, CIMA, CySEC CySEC (Cyprus), IFSC (Belize), JSC (Jordan)
Margin Trading
Yes No
Margin Rate
Variable upon regulation and jurisdiction
STP Account
No No
ECN Account
Yes No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
iOS & Android Yes
Android App Rating
3.6
iOS App Rating
3
Auto Trading
Expert Advisors (EAs) on MetaTrader Yes
Copy Trading
No No
Social Trading
No Yes
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$10
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • RUB
  • AED
Stock Exchanges
Commodities
CFD Trading
HYCM traders can access CFDs on a range of stocks, indices, commodities and ETFs with floating spreads and maximum leverage varying by instrument. Clients also have a choice between two industry-leading platforms. Trade CFDs on forex, stocks, indices, commodities, bonds and cryptos with a maximum 1:1000 leverage available from the offshore branches and 1:30 from the CySEC-regulated entity. The broker's dealing desk assures fast execution, but traders should note the broker does not offer any ECN or STP trading.
Leverage
1:301:500 1:30 (EU), 1:500 (Global)
FTSE Spread
1.5 N/A
GBPUSD Spread
0.1 0.5
Oil Spread
2.0 0.03
Stocks Spread
2.2% Variable
Forex Trading
HYCM offers 40+ forex pairs, with most available to trade on either the MT4 or MT5 platform. The maximum leverage on offer is 1:30 in accordance with regulations, and tight spreads start from 0.2 on the Raw account and from 1.2 on the commission-free Classic account. Trade 45+ forex pairs with lightning-fast execution and spreads from zero on majors. We were offered a tighter-than-average 0.5 spread on the GBP/USD pair and rated the powerful MetaTrader 4 platform.
GBPUSD Spread
0.4 0.5
EURUSD Spread
0.1 0.2
EURGBP Spread
0.4 0.5
Assets
40+ 44
Cryptocurrency
HYCM only offers trading opportunities on Bitcoin, which is traded via CFD in a pair with USD. Whilst exposure to the largest crypto by market cap is good, access to other digital currencies would bring the broker in line with competitors. Crypto trading not offered
Spread
Variable Floating
Coins
  • BTC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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