RoboForex vs HYCM

RoboForex vs HYCM Comparison Table 2024
RoboForex HYCM
4.5
3.8
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

RoboForex is a global broker launched in 2009 and regulated by the Belize FSC. 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 day traders.

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.

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.
Customer Reviews
3.5
Bonus Offer
$30 No Deposit Bonus 10% deposit bonus up to $5,000
Comment by Reviewer
"RoboForex is a good pick for traders looking for a vast range of day trading markets with ECN accounts, powerful charting platforms and loyalty promotions. Real stocks traders will also appreciate the R Stocks Trader terminal, with automated trading capabilities." "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
  • The proprietary R Stocks Trader terminal rivals leading platforms like MT4, with netting and hedging capabilities, comprehensive backtesting, and Level II pricing
  • Automated trading is permitted in all platforms with user-friendly robot builders and strategy testing features
  • ECN and Prime accounts are available for active day traders looking for low fees and market execution
  • Fast account funding is available, with over 20 payment methods and minimum deposits from $5
  • There's a VPS server for experienced investors looking for 24/7 uninterrupted trading
  • Traders can get two free withdrawals each month, among other promotional deals
  • You can access commission-free trading on thousands of US stocks
  • 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
  • The demo account expires after only 90 days, which is more restricting than some competitors - OANDA's demo, for example, does not have a time limit
  • The broker's offering varies between accounts, especially in regard to market access, leverage and additional perks
  • The broker's range of 40+ currency pairs is mediocre - one of our top award-winners, Pepperstone, offers 90+
  • 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 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, ETFs CFDs, Forex, Stocks, Indices, Commodities, ETFs
Demo Account
Yes Yes
Minimum Deposit
$10 $20
Trading Platforms
  • R StocksTrader
  • MT4
  • MT5
  • HYCM Trader
  • MT4
  • MT5
  • TradingCentral
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
FSC FCA, DFSA, CIMA, CySEC
Margin Trading
Yes 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, R StocksTrader iOS & Android
Android App Rating
4.4
3.6
iOS App Rating
4.7
3
Auto Trading
Expert Advisors (EAs) on MetaTrader Expert Advisors (EAs) on MetaTrader
Copy Trading
Yes No
Copy Trading Platform
RoboForex offers a market-leading copy trading service for currency traders - CopyFX. The minimum investment is low at $100 and you retain control over your allocated funds. RoboForex also offers MetaTrader 4 MultiTerminal (Multi Account Manager), allowing traders to manage multiple accounts from one master solution.
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 $10
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • USD
  • EUR
  • GBP
  • RUB
  • AED
Stock Exchanges
Commodities
CFD Trading
There's a huge selection of 12000+ CFDs covering forex, stocks, indices, ETFs, commodities and futures. Micro lot trading is available and you can start with just $10 - ideal for beginners or traders on a budget. Additionally, the loyalty bonuses will serve seasoned day traders. 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 1:301:500
FTSE Spread
N/A 1.5
GBPUSD Spread
2 0.1
Oil Spread
5.2 2.0
Stocks Spread
0.1 2.2%
Forex Trading
RoboForex offers 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
2.0 0.4
EURUSD Spread
1.4 0.1
EURGBP Spread
1.6 0.4
Assets
30+ 40+
Cryptocurrency
Crypto trading not offered 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
  • No
  • BTC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
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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