Templer FX vs HYCM

Templer FX vs HYCM Comparison Table 2023
Templer FX Review 2023	HYCM Review 2023
Review 2	Review 3.8
Traders from US not accepted See available CFD brokers	Traders from US not accepted See available CFD brokers
Templer FX is an unregulated, offshore forex and CFD broker founded in 2004. The brokerage offers a small range of assets on the MetaTrader 4 or proprietary platform, with high leverage up to 1:2000 and micro-lot trading. As an ECN broker, the brand aims to provide ultra-low trading costs and fast execution, making it an attractive choice for 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.
Bonus Offer
$30 No Deposit Welcome Bonus	10% deposit bonus up to $5,000
Comment by Reviewer
"Templer FX will appeal to traders looking for a cent account and very high leverage up to 1:2000. The $1 minimum deposit also makes it accessible for beginners."	"Traders looking for a multi-asset broker with good platform support, extra analysis features and strong regulation should try HYCM."
Pros
ECN broker with competitive spreads from 0.1 pips, no commissions and fast execution A range of promotions on offer, including a loyalty bonus and no-deposit bonus Both trading platforms support Expert Advisors and custom indicators Responsive customer support team based on tests Decent range of fast and free deposit methods Low minimum deposit of $1 Fast transaction times	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
Offshore and unregulated US, UK and EU clients not accepted Narrow range of assets compared to other brokers Unreasonable conditions for the 'segregated accounts' service Below average selection of education resources €50 fee for bank transfer withdrawals	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
Forex, CFDs, indices, shares, metals, energies, cryptocurrencies	Forex, CFDs, Commodities, Shares, Indices, ETFs
Demo Account
Yes	Yes
Minimum Deposit
$1	$100
Trading Platforms
MT4	MT4 MT5 TradingCentral
Payment Methods
Bitcoin Payments FasaPay M-Pesa Mastercard Perfect Money Skrill Visa Wire Transfer	Bitcoin Payments Ethereum Payments Mastercard Neteller Skrill Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
FSA	FCA, DFSA, CIMA, CySEC
Margin Trading
Yes	Yes
Margin Rate
	Variable upon regulation and jurisdiction
STP Account
No	No
ECN Account
Yes	Yes
DMA Account
No	No
MAM Account
Yes	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
Yes	Yes
Mobile Apps
iOS, Android, Blackberry	Yes
Auto Trading
Yes	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
Islamic Account
Yes	Yes
Account Currencies
USD EUR	USD EUR GBP RUB AED
Stock Exchanges
Australian Securities Exchange FTSE UK Index Japan Exchange Group	Australian Securities Exchange Hang Seng
Commodities
Gold Oil Silver	Coffee Copper Cotton Gold Oil Palladium Platinum Silver Sugar
CFD Trading
Templer FX offers a modest suite of CFDs compared to other brands, covering shares, commodities, indices and cryptos. The good news is that you can start with as little as $1 and there are no commissions.	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
1.0	From 1.5 + $4 per round
GBPUSD Spread
0.8	From 0.1 + $4 per round
Oil Spread
2.0	From 2 pips
Stocks Spread
Variable	Variable
Forex Trading
Trade 30+ forex pairs with competitive spreads averaging 0.5 pips for EUR/USD. You can also access very high leverage up to 1:2000, though we urge caution when using unregulated brokers.	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
0.8	From 0.4 + $4 per round
EURUSD Spread
0.5	From 0.1 + $4 per round
EURGBP Spread
1.1	From 0.4 + $4 per round
Assets
32	40+
Cryptocurrency
Traders can access popular cryptocurrencies, though the selection is not as wide as competitors. There is also the broker's Bitcoin account, where you can start with as little as 0.000001 BTC.	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
Floating	Variable
Coins
BTC LTC ETH	BTC
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

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