RoboForex vs HYCM

RoboForex vs HYCM Comparison Table 2023
RoboForex Review 2023	HYCM Review 2023
Review 4.5	Review 3.8
Traders from US not accepted See available CFD brokers	Traders from US not accepted See available CFD brokers
RoboForex is a global broker launched in 2009. The firm offers more than 12,000 instruments spanning 9 asset classes with trades from 0.01 lots and spreads from 0 pips. The broker's advanced copy trading tool is also home to thousands of active traders.	HYCM is an online broker with authorization from four international bodies including the FCA and CySEC. The broker offers CFD trading on forex, shares, commodities, indices, ETFs and Bitcoin, and supports the MT4 and MT5 platforms, as well as Trading Central analysis.
RoboForex Ltd and its affiliates do not target EU/EEA/UK clients. Please be aware that you are able to receive investment services from a third-country firm at your own exclusive initiative only, taking all the risks involved.
Bonus Offer
$30 No Deposit Bonus	10% deposit bonus up to $5,000
Promotions
RoboForex Is Topping Up Accounts By Up To 10%
Comment by Reviewer
"RoboForex is a good pick for traders looking for a wide range of markets with welcome bonuses and loyalty promotions."	"Traders looking for a multi-asset broker with good platform support, extra analysis features and strong regulation should try HYCM."
Pros
Commission-free trading on US stocks Choice of leading platforms, including MT4 and MT5 ECN and Prime accounts for active traders with low fees Automated trading permitted with user-friendly robot builders Accessible payment methods including PayPal VPS server for 24/7 uninterrupted trading Two free withdrawals each month Low deposit for newer traders	Overseen by strong regulators including the FCA Supports the MT4 and MT5 platforms and apps Good range of free analytical tools, particularly Seasonax for pattern analysis Decent pricing, including very tight spreads on the Raw account Fee-free payments with rapid withdrawal processing
Cons
Instruments and fees vary between platforms Demo account expires after 90 days Average range of currencies	Not the best range of assets, with just a handful of stocks and only one cryptocurrency High commission of $4 each way on the Raw account Monthly inactivity fee
Awards
Best Global Mobile Trading App 2020 - Global Forex Awards B2B Best Broker of the CIS 2019 - IAFT Awards Best Investment Platform 2019 - IAFT Awards Best Educational Forex-Center CIS 2019 - IAFT Awards Best Stock Broker Asia 2019 - International Business Magazine Awards Best Investment Products 2019 - Global Brands Magazine	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, Forex, Stocks, Indices, Commodities, Crypto, Crypto Indices, ETFs	Forex, CFDs, Commodities, Shares, Indices, ETFs
Demo Account
Yes	Yes
Minimum Deposit
$10	$100
Trading Platforms
MT4 MT5	MT4 MT5 TradingCentral
Payment Methods
ADVcash Alipay AstroPay Bitcoin Payments Cashu ecoPayz FasaPay Giropay iDeal MoneyGram Neteller Perfect Money POLi QIWI Rapid Transfer SafeCharge Skrill Sofort Trustly Vietcombank Transfer Visa WeChat Pay Wire Transfer Yandex Money	Bitcoin Payments Ethereum Payments Mastercard Neteller Skrill Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
FSC	FCA, DFSA, CIMA, CySEC
Margin Trading
No	Yes
Margin Rate
	Variable upon regulation and jurisdiction
STP Account
Yes	No
ECN Account
Yes	Yes
DMA Account
No	No
MAM Account
Yes	No
PAMM Account
No	No
LAMM Account
Yes	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
No	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
iOS & Android, RStocksTrader	Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader	Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes	No
Social Trading
Yes	No
Trade Signals
Yes
VPS Hosting
No	No
Tournaments
No	No
Demo Competitions
Yes	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$0
Islamic Account
Yes	Yes
Account Currencies
USD EUR	USD EUR GBP RUB AED
Stock Exchanges
Dow Jones Nasdaq New York Stock Exchange SIX Swiss Exchange	Australian Securities Exchange Hang Seng
Commodities
Gold Nickel Silver	Coffee Copper Cotton Gold Oil Palladium Platinum Silver Sugar
CFD Trading
Trade a huge selection of CFDs with more than 12,000 assets and very high leverage up to 1:2000. Micro lot trading is also available with access to interbank liquidity providers for low fees.	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
1:2000	1:30 (EU), 1:500 (Global)
FTSE Spread
N/A	From 1.5 + $4 per round
GBPUSD Spread
2	From 0.1 + $4 per round
Oil Spread
5.2	From 2 pips
Stocks Spread
From 0.1	Variable
Forex Trading
Trade over 30 currency pairs with tight spreads from 0 pips. Forex traders have a choice of leading platforms including MT4, MT5 and an in-house web trader. The CopyFX system also lets you mirror experienced currency traders with a $100 minimum investment.	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.
GBPUSD Spread
2	From 0.4 + $4 per round
EURUSD Spread
1.4	From 0.1 + $4 per round
EURGBP Spread
1.6	From 0.4 + $4 per round
Assets
30+	40+
Cryptocurrency
Trade over 30 leading cryptos against the USD and EUR. Digital currencies are available on the user-friendly R StockTrader platform. New users can start trading cryptos in three easy steps.	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
BTC ETH XRP LTC DSH BCH EOC	BTC
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
RoboForex Ltd and its affiliates do not target EU/EEA/UK clients. Please be aware that you are able to receive investment services from a third-country firm at your own exclusive initiative only, taking all the risks involved.
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