We compared FXTM and HYCM across five core criteria: regulation, minimum deposit, spreads, platform choice, and overall user rating. FXTM wins on more criteria (3 categories vs 0), making it the stronger default for most traders. Both brokers remain reputable, independently tier-1 regulated options.
| FXTM | HYCM | Winner | |
|---|---|---|---|
| Rating | ⭐ 4.4 / 5 | ⭐ 4.3 / 5 | FXTM |
| Regulators | FCA, CySEC, FSCA, FSC Mauritius | FCA, CySEC, DFSA, CIMA Cayman | Tie |
| Min. deposit | $10 | $100 | FXTM |
| Spreads from | 0.0 pips (ECN Zero) | 0.2 pips (Raw) / 1.2 pips (Classic) | FXTM |
| Max. leverage | Up to 1:30 (EU retail) / 1:1000 (offshore) | Up to 1:30 (EU retail) / 1:500 (offshore) | — |
| Platforms | MT4, MT5, FXTM Trader app | MT4, MT5, HYCM Trader | Tie |
| Founded | 2011 | 1977 | — |
| HQ | Limassol, Cyprus / Mauritius | London, UK / Limassol, Cyprus | — |
Beginners and emerging-market traders who want low deposits, tight ECN spreads and strong local support.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs with FXTM. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
MENA + EU traders wanting an established multi-jurisdictional broker with Henyep Group balance-sheet backing.
Based on five comparison criteria (regulation, deposit, spreads, platforms, overall rating), FXTM wins 3 categories. That makes it the stronger default choice — though both brokers remain reputable, independently tier-1 regulated options.
FXTM holds licenses from: FCA, CySEC, FSCA, FSC Mauritius. HYCM holds licenses from: FCA, CySEC, DFSA, CIMA Cayman. Both brokers have the same number of regulatory licenses; the specific regulators differ.
FXTM spreads start from 0.0 pips (ECN Zero). HYCM spreads start from 0.2 pips (Raw) / 1.2 pips (Classic). Actual spreads vary by account type and market conditions.
FXTM: $10. HYCM: $100. FXTM has the lower entry barrier.
General risk warning: CFDs are leveraged products.
CFDs are leveraged. Your capital is at risk.
CFDs are leveraged. Your capital is at risk.
69% of retail accounts lose money.
CFDs are leveraged. Your capital is at risk.
73% of retail accounts lose money.
CFDs and FX Options entail risk of loss.
