Spread Co vs HYCM
Spread Co | HYCM |
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Not Yet Rated
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3.8
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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 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. |
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. The competitive raw-spread accounts will also serve scalpers and high-volume traders." | |
Pros | |
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Cons | |
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Awards | |
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Instruments | |
Spread betting, CFDs, forex, indices, shares, commodities, ETFs, ADRs | CFDs, Forex, Stocks, Indices, Commodities, ETFs |
Demo Account | |
Yes | Yes |
Minimum Deposit | |
£200 | $20 |
Trading Platforms | |
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Payment Methods | |
Minimum Trade | |
£0.10 | 0.01 Lots |
Regulator | |
FCA | FCA, DFSA, CIMA, CySEC |
Margin Trading | |
No | 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 | |
No | Yes |
Market Maker | |
No | No |
P2P Trading | |
No | No |
Spot Trading | |
No | Yes |
Mobile Apps | |
Yes | iOS & Android |
Android App Rating | |
3.6 |
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iOS App Rating | |
3 |
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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 | |
$10 | |
Islamic Account | |
No | Yes |
Account Currencies | |
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Stock Exchanges | |
Commodities | |
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 | 1:301:500 |
FTSE Spread | |
1.0 | 1.5 |
GBPUSD Spread | |
1.0 | 0.1 |
Oil Spread | |
4.0 | 2.0 |
Stocks Spread | |
Variable | 2.2% |
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 | 0.4 |
EURUSD Spread | |
0.8 | 0.1 |
EURGBP Spread | |
1.0 | 0.4 |
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 | |
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Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
More Comparisons | |
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