Spread Co vs HYCM

Spread Co vs HYCM Comparison Table 2023
Spread Co	HYCM
Review Not Yet Rated	Review 3.8
Traders from US not accepted	Traders from US not accepted
Spread Co offers spread betting and CFDs with competitive trading conditions.	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.
Bonus Offer
	10% deposit bonus up to $5,000
Comment by Reviewer
	"Traders looking for a multi-asset broker with good platform support, extra analysis features and strong regulation should try HYCM."
Pros
	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
	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 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
Spread betting, CFDs, forex, indices, shares, commodities, ETFs, ADRs	Forex, CFDs, Commodities, Shares, Indices, ETFs
Demo Account
Yes	Yes
Minimum Deposit
£200	$100
Payment Methods
Credit Card Mastercard Skrill Visa Wire Transfer	Bitcoin Payments Ethereum Payments Mastercard Neteller Skrill Visa Wire Transfer
Minimum Trade
£0.10	0.01 lots
Regulator
FCA	FCA, DFSA, CIMA, CySEC
Margin Trading
No	Yes
Margin Rate
	Variable upon regulation and jurisdiction
MetaTrader 4
No	Yes
MetaTrader 5
No	Yes
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	No
Trading Central
No	Yes
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
No	Yes
Market Maker
No	No
P2P Trading
No	No
Spot Trading
No	Yes
Mobile Apps
Yes	Yes
Auto Trading
	Yes (EAs)
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
Islamic Account
No	Yes
Account Currencies
	USD EUR GBP RUB AED
Stock Exchanges
	Australian Securities Exchange Hang Seng
Commodities
Gold Silver	Coffee Copper Cotton Gold Oil Palladium Platinum Silver Sugar
CFD Trading
Trade with leveraged CFDs on popular financial markets.	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
1:20	1:30 EU, 1:500 Global
FTSE Spread
1.0	From 1.5 + $4 per round
GBPUSD Spread
1.0	From 0.1 + $4 per round
Oil Spread
4.0	From 2 pips
Stocks Spread
Variable	Variable
Forex Trading
Spread Co offers trading on a long list of online currencies with competitive spreads.	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
1.0	From 0.4 + $4 per round
EURUSD Spread
0.8	From 0.1 + $4 per round
EURGBP Spread
1.0	From 0.4 + $4 per round
Assets
38	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
Coins
	BTC
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

Review	Review
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