Comparison of AvaTrade and HYCM
| Feature | AvaTrade | HYCM |
|---|---|---|
| Broker | ||
| Year Founded | 2006 | 1977 |
| Broker Type | MM | STP |
| Dealing | B-book | A-book |
| Execution | Market | Market |
| Regulation | Central Bank of Ireland, KNF, FCA, BVIFSC, ASIC, FSCA, JFSA, JFFA, FSRA, ISA, CIRO | FCA, CySEC, CIMA, SVGFSA, DFSA |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), AvaTradeGO | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Spread | ⬊ Low | ⮕ Average |
| Maximum Leverage | 1:400 | 1:500 |
| Minimum Deposit | $100 | $100 |
| Base Currencies | USD, EUR, GBP, CHF | USD, EUR, GBP, AED |
| Funding Methods | Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Perfect Money, PayPal | Bank Wire, Credit Card, Debit Card, Neteller, Skrill, Perfect Money, BTC (Bitcoin) |
| Inactivity Fee | $50 per month after 3 months | ✔ |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | UK Financial Services Compensation Scheme (FSCS), The Investor Compensation Company DAC (ICCL) | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF) |
| Protection Size | £85 000 / €20 000 | £85 000 / €20 000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✖ | ✔ |
| Copy Trading | ✔ | ✖ |
| VPS | ✖ | ✖ |
| MAM/PAMM | ✖ | ✖ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✔ | ✖ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks, ETFs, Bonds, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities |
| Review | AvaTrade Review | HYCM Review |
About AvaTrade
AvaTrade is a well-established Forex and CFD broker recognized for its comprehensive trading platforms, diverse range of financial instruments, and robust regulatory framework. Founded in 2006, AvaTrade serves clients worldwide, offering access to major and minor currency pairs, commodities, indices, cryptocurrencies, and more. The broker supports multiple trading platforms, including the popular MetaTrader 4 and 5, as well as its proprietary AvaTradeGo app, catering to both desktop and mobile traders. AvaTrade is regulated by several reputable authorities, ensuring a high level of security and trust for its clients. Additionally, the broker provides a variety of account types to suit different trading styles and experience levels, along with extensive educational resources and customer support to assist traders in making informed decisions. With competitive spreads, flexible leverage options, and efficient withdrawal processes, AvaTrade stands out as a reliable choice for both novice and experienced Forex traders.
Pros
- Regulated by multiple top-tier financial authorities
- Offers MetaTrader 4, MetaTrader 5, and AvaTradeGo app
- Provides access to Forex, commodities, indices, and cryptocurrencies
- Extensive tutorials, webinars, and market analysis available
- Offers tight spreads across numerous trading instruments
- Free demo accounts available for practice trading
- Multilingual support available through various channels
Cons
- Maximum leverage may be lower than what some traders desire
- AvaTradeGo app offers fewer customization options
About HYCM
HYCM (formerly Henyep Capital Markets) is a multi-asset forex and CFD broker with more than four decades in the industry and a trio of top-tier licences from the FCA (UK), CySEC (EU) and DFSA (UAE). Traders can choose between fixed- or variable-spread accounts on MetaTrader 4 and MetaTrader 5, accessing 1 ,300+ instruments that cover currencies, stocks, indices, commodities and cryptocurrencies. With minimum deposits from just 100 USD, leverage up to 1 : 500 (region-dependent) and a rich catalogue of webinars, e-books and market reports, HYCM appeals to both first-time traders and seasoned professionals looking for tight pricing under a strong regulatory umbrella.
Pros
- Strong regulation from FCA, CySEC and DFSA with segregated client funds
- Choice of Fixed, Classic or Raw accounts-spreads from 0.0 pips on Raw or zero-commission Fixed pricing
- Full support for MT4 and MT5 on desktop, web and mobile
- 1 ,300+ tradeable instruments spanning forex, stocks, indices, commodities and crypto
- Extensive educational suite: weekly webinars, video tutorials and downloadable e-books
- Fast funding and withdrawals via cards, e-wallets and local bank transfers
Cons
- No proprietary platform or integrated copy-trading/social-trading tools
- Raw account carries a commission of 4 USD per lot per side, which may deter micro-lot traders
- High-tier research tools (Trading Central, Autochartist) gated behind larger deposits or higher trading volume
- Cryptocurrency deposits not supported, limiting funding flexibility for some clients
AvaTrade & HYCM Regulation
| Feature | AvaTrade | HYCM |
|---|---|---|
Companies | Ava Trade EU Ltd, Ava Trade Markets Ltd, Ava Capital Markets Australia Pty Ltd, Ava Capital Markets Pty, Ava Trade Japan K.K., AVA Trade Middle East Ltd, ATrade Ltd, Friedberg Mercantile Group Ltd. | HYCM Capital Markets (UK), HYCM (Europe) Ltd, HYCM Ltd, HYCM Capital Markets (DIFC) Limited |
Countries | Ireland, British Virgin Islands, Australia, South Africa, Japan, United Arab Emirates, Israel, Canada | United Kingdom, Cyprus, Cayman Islands, United Arab Emirates |
Regulators | Central Bank of Ireland, KNF, FCA, BVIFSC, ASIC, FSCA, JFSA, JFFA, FSRA, ISA, CIRO | FCA, CySEC, CIMA, SVGFSA, DFSA |
Investor Protection | UK Financial Services Compensation Scheme (FSCS), The Investor Compensation Company DAC (ICCL) | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF) |
Investor Protection Size | £85 000 / €20 000 | £85 000 / €20 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Account Types
| Account | AvaTrade | HYCM |
|---|---|---|
Market Maker Account | ||
| Account Name | Standard | — |
| Min Deposit | $100 | — |
| Lot Size | 0.01 | — |
| Spread Type | Floating | — |
| Execution | Market | — |
| Min Spread | 0.6 | — |
| Fee | No | — |
| Max Leverage | 1:400 | — |
| Stop Out | 50% | — |
| Margin Call | 100% | — |
STP Account | ||
| Account Name | — | Classic |
| Min Deposit | — | $100 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 1.2 |
| Fee | — | No |
| Max Leverage | — | 1:500 |
| Stop Out | — | 50% |
| Margin Call | — | 100% |
Zero Account | ||
| Account Name | — | Raw |
| Min Deposit | — | $200 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 0.1 |
| Fee | — | $8 per 1 lot |
| Max Leverage | — | 1:500 |
| Stop Out | — | 50% |
| Margin Call | — | 100% |
Fix Spread Account | ||
| Account Name | — | Fixed |
| Min Deposit | — | $100 |
| Lot Size | — | 0.01 |
| Spread Type | — | Fixed |
| Execution | — | Market |
| Min Spread | — | 1.5 |
| Fee | — | No |
| Max Leverage | — | 1:5000 |
| Stop Out | — | 50% |
| Margin Call | — | 100% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Funding and Fees
| Feature | AvaTrade | HYCM |
|---|---|---|
Base currencies | USD, EUR, GBP, CHF | USD, EUR, GBP, AED |
Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Perfect Money, PayPal | Bank Wire, Credit Card, Debit Card, Neteller, Skrill, Perfect Money, BTC (Bitcoin) |
Inactivity fee | $50 per month after 3 months | |
Interest on margin | ||
Withdrawal fee |
Trading Platforms and Conditions
| Feature | AvaTrade | HYCM |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), AvaTradeGO | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
Execution Speed | 0 ms | 12 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | low | average |
Trading Assets
| Asset | AvaTrade | HYCM |
|---|---|---|
Currencies | 53 | 72 |
Indices | 46 | 27 |
Stocks | 614 | 1080 |
Cryptocurrencies | 20 | 28 |
Bonds | 2 | 0 |
Metals | 7 | 5 |
Energies | 5 | 3 |
Soft Commodities | 7 | 4 |
ETFs | 61 | 0 |
Education and Analytics
| Feature | AvaTrade | HYCM |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Customer Support
| Contact | AvaTrade | HYCM |
|---|---|---|
Email | customer@avatrade.com | support@hycm.com |
Phone | +3228080310 | +442088167812 |
Telegram | Telegram | — |
Facebook | ||
LinkedIn | ||
YouTube | YouTube | YouTube |
Instagram | ||
Twitter |
Which Broker is Better?
After comparing AvaTrade and HYCM, AvaTrade comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
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Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.