Libertex vs HYCM

Libertex vs HYCM Comparison Table 2024
Libertex HYCM
3.6
3.8
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

Libertex is a well-known broker, established in 2012. The regulated brand has served numerous clients and is regulated by the Cyprus Securities and Exchange Commission with license number 164/12. Libertex offers CFD trading on 250+ underlying assets, including through an innovative and user-friendly proprietary web trader platform. Choose between CFDs on forex, cryptocurrencies, commodities, stocks, indices and ETFs, which are available with tight spreads and low commissions.

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.

73.77% of retail investor accounts lose money when trading CFDs with this provider.
Bonus Offer
10% deposit bonus up to $5,000
Comment by Reviewer
"Libertex will appeal to both beginner and experienced traders thanks to its easy-to-use platform and low fees. The brand is also a good pick for share dealing with commission-free stock investing." "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."
Pros
  • Very competitive pricing with low commission fees
  • User-friendly platform as well as support for MT4 and MT5
  • Helpful customer support available in multiple languages
  • 250+ underlying assets as well as investment in real shares
  • Accepts wide range of funding methods
  • 40+ industry awards
  • Tight spreads
  • 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
Cons
  • List of tradeable underlying assets is small compared to rivals
  • Lacks educational content and other features
  • Limited account options
  • No copy trading
  • 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
Awards
  • Best CFD Broker 2023
  • Best Trading Platform 2022
  • Best Crypto CFD Broker 2022
  • Best CFD Broker Europe 2022
  • Best FX Broker 2021
  • Most Trusted Broker Europe 2021
  • Best Trading Platform 2021
  • 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
Instruments
CFDs on Forex, Cryptocurrencies, Metals, Indices, Stocks, Oil & Gas, Agriculture, ETFs CFDs, Forex, Stocks, Indices, Commodities, ETFs
Demo Account
Yes Yes
Minimum Deposit
€100 $20
Trading Platforms
  • Libertex (and mobile app)
  • MT4
  • MT5
  • HYCM Trader
  • MT4
  • MT5
  • TradingCentral
Payment Methods
Minimum Trade
€20 0.01 Lots
Regulator
CySEC FCA, DFSA, CIMA, CySEC
Margin Trading
Yes Yes
Margin Rate
Variable upon regulation and jurisdiction
STP Account
No No
ECN Account
No Yes
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 Yes
Market Maker
Yes No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
iOS, Android + Browser iOS & Android
App Review

Libertex offers an iOS and Android-compatible mobile app with advanced features and trading tools. Users can make deposits, execute positions and analyze the markets in a few swipes. Traders can also flick between live and demo mode with one tap.

Android App Rating
3.6
iOS App Rating
3
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
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
Yes - if the client is inactive for 180 calendar day. Applies to clients with a total account balance less than 5000 euros (4500 GBP, 5300 CHF, 22500 PLN respectively) $10
Islamic Account
No Yes
Account Currencies
  • EUR
  • GBP
  • CHF
  • PLN
  • USD
  • EUR
  • GBP
  • RUB
  • AED
Stock Exchanges
Commodities
CFD Trading
Libertex's list of CFDs covers a decent range of tradeable underlying assets, but there isn't much depth with only around 250 in total. Leverage up to 1:30 for retail clients is available in accordance with CySEC regulations, and traders can choose between three excellent trading platforms. Best of all are the tight spreads available on all markets and the zero commissions on investments in stocks. 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.
Leverage
Up to 1:30 (Retail) 1:301:500
FTSE Spread
Variable 1.5
GBPUSD Spread
Variable 0.1
Oil Spread
Variable 2.0
Stocks Spread
Variable 2.2%
Forex Trading
Libertex offers CFD trading on 50+ forex pairs, offering long and short opportunities. Its strength comes in its tight spreads – we were offered 0.2 pips for EUR/USD. 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.
Forex App

Libertex offers an iOS and Android-compatible mobile app with advanced features and trading tools. Users can make deposits, execute positions and analyze the markets in a few swipes. Traders can also flick between live and demo mode with one tap.

GBPUSD Spread
From 0.2 0.4
EURUSD Spread
From 0.2 0.1
EURGBP Spread
From 0.2 0.4
Assets
50+ 40+
Currency Indices
  • USD
Cryptocurrency
With 70+ cryptocurrencies available to trade via CFDs with tight spreads, low commissions and overnight swap fees, Libertex is a great option for crypto CFD traders. The list of crypto CFDs includes the usual major players like Bitcoin and a good variety of lesser-known cryptos such as Tezos. 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.
Spread
Variable Variable
Coins
  • AAVE
  • ADA
  • ALGO
  • APE
  • APT
  • ARB
  • ATM
  • AVA
  • AXS
  • BCH
  • BNB
  • BTC
  • CAKE
  • CHZ
  • COMP
  • DASH
  • DOGE
  • EGLD
  • ENJ
  • EOS
  • ETC
  • ETH
  • FIL
  • FLOW
  • FTM
  • GMT
  • ICP
  • IOT
  • LNK
  • LTC
  • MANA
  • MATIC
  • MKR
  • NEO
  • NOMG
  • ONT
  • QTM
  • ROSE
  • RUNE
  • SAND
  • SHIB
  • SNX
  • SOL
  • STRAT
  • SUSHI
  • THETA
  • TRX
  • TWT
  • UMA
  • UNI
  • VET
  • XEM
  • XLM
  • XMR
  • XRP
  • XTZ
  • ZEC
  • ZRX
  • BTC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
73.77% of retail investor accounts lose money when trading CFDs with this provider.
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