Comparison of HYCM and RoboForex
| Feature | HYCM | RoboForex |
|---|---|---|
| Broker | ||
| Year Founded | 1977 | 2009 |
| Broker Type | STP | MM, STP, ECN |
| Dealing | A-book | A-book, B-book |
| Execution | Market | Market |
| Regulation | FCA, CySEC, CIMA, SVGFSA, DFSA | BFSC |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5), R MobileTrader, R StocksTrader |
| Spread | ⮕ Average | ⬊ Low |
| Maximum Leverage | 1:500 | 1:2000 |
| Minimum Deposit | $100 | $10 |
| Base Currencies | USD, EUR, GBP, AED | USD, EUR, CNY, XAU |
| Funding Methods | Bank Wire, Credit Card, Debit Card, Neteller, Skrill, Perfect Money, BTC (Bitcoin) | Bank Wire, Credit Card, Debit Card, Skrill, Neteller, WebMoney, Perfect Money, FasaPay, QIWI, Yandex.Money, EPayments, POLi, Local Transfer Malaysia, Local Transfer Thailand, Local Transfer Indonesia, Local Transfer Vietnam, Klarna, Giropay, IDEAL, Rapid Transfer, Trustly, Santander, HSBC, Caixa, Boleto, Bancolombia, China UnionPay, PSE, Tinkoff.ru, Webpay, Itau, SPEI, Multibanco, Verkkopankki, WeChat, EcoPayz, AstroPay, Efecty, OXXO, Western Union, PagoEfectivo, Rapipago, Carulla, EDEQ, Davivienda, Surtimax, Almancense Exito, Bancomer, Banorte, Redpagos, Servipag |
| Inactivity Fee | ✔ | ✖ |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF) | Financialcommission.org |
| Protection Size | £85 000 / €20 000 | €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, Cryptocurrencies, Metals, Energies, Soft Commodities | Currencies, Indices, Stocks, ETFs, Metals, Energies, Soft Commodities |
| Review | HYCM Review | RoboForex Review |
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
About RoboForex
RoboForex is a well-established Forex broker founded in 2009, offering a comprehensive range of trading services to both novice and experienced traders worldwide. Renowned for its diverse account types, including ECN and Prime accounts, RoboForex provides access to a wide array of financial instruments such as Forex, stocks, and CFDs. The broker supports multiple trading platforms, including MetaTrader 4, MetaTrader 5, and its proprietary R StocksTrader platform, ensuring flexibility and advanced trading capabilities. With competitive spreads, various leverage options, and a robust regulatory framework under the Belize Financial Services Commission (BFSC), RoboForex emphasizes security, transparency, and user-friendly services. Additionally, it offers educational resources, automated trading solutions, and responsive customer support, making it a versatile choice for traders seeking a reliable and feature-rich trading environment.
Pros
- Offers multiple account options
- Access to over 12,000 financial instruments
- Supports popular platforms like MetaTrader 4, MetaTrader 5, and the proprietary R StocksTrader platform
- Offers competitive spreads and high leverage options
- Provides a wealth of educational materials
- Compatible with various automated trading systems and APIs
- Offers 24/5 multilingual customer support through live chat, email, and phone, ensuring timely assistance
- Regularly features promotional offers and bonuses
Cons
- Regulation solely by the BFSC, which may be considered less stringent compared to other major regulatory bodies like FCA or CySEC
- Lack of fixed spread account options might be a drawback for traders who prefer consistent spreads irrespective of market conditions
HYCM & RoboForex Regulation
| Feature | HYCM | RoboForex |
|---|---|---|
Companies | HYCM Capital Markets (UK), HYCM (Europe) Ltd, HYCM Ltd, HYCM Capital Markets (DIFC) Limited | RoboForex Ltd |
Countries | United Kingdom, Cyprus, Cayman Islands, United Arab Emirates | Belize |
Regulators | FCA, CySEC, CIMA, SVGFSA, DFSA | BFSC |
Investor Protection | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF) | Financialcommission.org |
Investor Protection Size | £85 000 / €20 000 | €20 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Companies
HYCM
HYCM Capital Markets (UK), HYCM (Europe) Ltd, HYCM Ltd, HYCM Capital Markets (DIFC) Limited
RoboForex
RoboForex Ltd
Countries
HYCM
United Kingdom, Cyprus, Cayman Islands, United Arab Emirates
RoboForex
Belize
Regulators
HYCM
FCA, CySEC, CIMA, SVGFSA, DFSA
RoboForex
BFSC
Investor Protection
HYCM
UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF)
RoboForex
Financialcommission.org
Investor Protection Size
HYCM
£85 000 / €20 000
RoboForex
€20 000
Publicly Traded
HYCM
RoboForex
Segregated Accounts
HYCM
RoboForex
Guaranteed Stop Loss
HYCM
RoboForex
Negative Balance Protection
HYCM
RoboForex
Account Types
| Account | HYCM | RoboForex |
|---|---|---|
STP Account | ||
| Account Name | Classic | Pro |
| Min Deposit | $100 | $10 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 1.2 | 1.3 |
| Fee | No | No |
| Max Leverage | 1:500 | 1:2000 |
| Stop Out | 50% | 20% |
| Margin Call | 100% | 50% |
ECN Account | ||
| Account Name | — | ECN |
| Min Deposit | — | $10 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 0.1 |
| Fee | — | $4 per 1 lot |
| Max Leverage | — | 1:500 |
| Stop Out | — | 40% |
| Margin Call | — | 60% |
Zero Account | ||
| Account Name | Raw | Prime |
| Min Deposit | $200 | $10 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 0.1 | 0 |
| Fee | $8 per 1 lot | $2 per 1 lot |
| Max Leverage | 1:500 | 1:300 |
| Stop Out | 50% | 100% |
| Margin Call | 100% | 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% | — |
Cent Account | ||
| Account Name | — | Pro-Cent |
| Min Deposit | — | $10 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 1.3 |
| Fee | — | No |
| Max Leverage | — | 1:2000 |
| Stop Out | — | 40% |
| Margin Call | — | 20% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
STP Account
Account Name
HYCM
Classic
RoboForex
Pro
Min Deposit
HYCM
$100
RoboForex
$10
Lot Size
HYCM
0.01
RoboForex
0.01
Spread Type
HYCM
Floating
RoboForex
Floating
Execution
HYCM
Market
RoboForex
Market
Min Spread
HYCM
1.2
RoboForex
1.3
Fee
HYCM
No
RoboForex
No
Max Leverage
HYCM
1:500
RoboForex
1:2000
Stop Out
HYCM
50%
RoboForex
20%
Margin Call
HYCM
100%
RoboForex
50%
ECN Account
Account Name
HYCM
—
RoboForex
ECN
Min Deposit
HYCM
—
RoboForex
$10
Lot Size
HYCM
—
RoboForex
0.01
Spread Type
HYCM
—
RoboForex
Floating
Execution
HYCM
—
RoboForex
Market
Min Spread
HYCM
—
RoboForex
0.1
Fee
HYCM
—
RoboForex
$4 per 1 lot
Max Leverage
HYCM
—
RoboForex
1:500
Stop Out
HYCM
—
RoboForex
40%
Margin Call
HYCM
—
RoboForex
60%
Zero Account
Account Name
HYCM
Raw
RoboForex
Prime
Min Deposit
HYCM
$200
RoboForex
$10
Lot Size
HYCM
0.01
RoboForex
0.01
Spread Type
HYCM
Floating
RoboForex
Floating
Execution
HYCM
Market
RoboForex
Market
Min Spread
HYCM
0.1
RoboForex
0
Fee
HYCM
$8 per 1 lot
RoboForex
$2 per 1 lot
Max Leverage
HYCM
1:500
RoboForex
1:300
Stop Out
HYCM
50%
RoboForex
100%
Margin Call
HYCM
100%
RoboForex
100%
Fix Spread Account
Account Name
HYCM
Fixed
RoboForex
—
Min Deposit
HYCM
$100
RoboForex
—
Lot Size
HYCM
0.01
RoboForex
—
Spread Type
HYCM
Fixed
RoboForex
—
Execution
HYCM
Market
RoboForex
—
Min Spread
HYCM
1.5
RoboForex
—
Fee
HYCM
No
RoboForex
—
Max Leverage
HYCM
1:5000
RoboForex
—
Stop Out
HYCM
50%
RoboForex
—
Margin Call
HYCM
100%
RoboForex
—
Cent Account
Account Name
HYCM
—
RoboForex
Pro-Cent
Min Deposit
HYCM
—
RoboForex
$10
Lot Size
HYCM
—
RoboForex
0.01
Spread Type
HYCM
—
RoboForex
Floating
Execution
HYCM
—
RoboForex
Market
Min Spread
HYCM
—
RoboForex
1.3
Fee
HYCM
—
RoboForex
No
Max Leverage
HYCM
—
RoboForex
1:2000
Stop Out
HYCM
—
RoboForex
40%
Margin Call
HYCM
—
RoboForex
20%
Additional Features
Demo Account
HYCM
RoboForex
VIP Account
HYCM
RoboForex
Swap-Free Account
HYCM
RoboForex
Copy Trading
HYCM
RoboForex
VPS
HYCM
RoboForex
PAMM/MAM Accounts
HYCM
RoboForex
Funding and Fees
| Feature | HYCM | RoboForex |
|---|---|---|
Base currencies | USD, EUR, GBP, AED | USD, EUR, CNY, XAU |
Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, Neteller, Skrill, Perfect Money, BTC (Bitcoin) | Bank Wire, Credit Card, Debit Card, Skrill, Neteller, WebMoney, Perfect Money, FasaPay, QIWI, Yandex.Money, EPayments, POLi, Local Transfer Malaysia, Local Transfer Thailand, Local Transfer Indonesia, Local Transfer Vietnam, Klarna, Giropay, IDEAL, Rapid Transfer, Trustly, Santander, HSBC, Caixa, Boleto, Bancolombia, China UnionPay, PSE, Tinkoff.ru, Webpay, Itau, SPEI, Multibanco, Verkkopankki, WeChat, EcoPayz, AstroPay, Efecty, OXXO, Western Union, PagoEfectivo, Rapipago, Carulla, EDEQ, Davivienda, Surtimax, Almancense Exito, Bancomer, Banorte, Redpagos, Servipag |
Inactivity fee | ||
Interest on margin | ||
Withdrawal fee |
Base currencies
HYCM
USD, EUR, GBP, AED
RoboForex
USD, EUR, CNY, XAU
Deposit and withdrawal methods
HYCM
Bank Wire, Credit Card, Debit Card, Neteller, Skrill, Perfect Money, BTC (Bitcoin)
RoboForex
Bank Wire, Credit Card, Debit Card, Skrill, Neteller, WebMoney, Perfect Money, FasaPay, QIWI, Yandex.Money, EPayments, POLi, Local Transfer Malaysia, Local Transfer Thailand, Local Transfer Indonesia, Local Transfer Vietnam, Klarna, Giropay, IDEAL, Rapid Transfer, Trustly, Santander, HSBC, Caixa, Boleto, Bancolombia, China UnionPay, PSE, Tinkoff.ru, Webpay, Itau, SPEI, Multibanco, Verkkopankki, WeChat, EcoPayz, AstroPay, Efecty, OXXO, Western Union, PagoEfectivo, Rapipago, Carulla, EDEQ, Davivienda, Surtimax, Almancense Exito, Bancomer, Banorte, Redpagos, Servipag
Inactivity fee
HYCM
RoboForex
Interest on margin
HYCM
RoboForex
Withdrawal fee
HYCM
RoboForex
Trading Platforms and Conditions
| Feature | HYCM | RoboForex |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5), R MobileTrader, R StocksTrader |
Execution Speed | 12 ms | 40 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | average | low |
Trading Platforms
HYCM
MetaTrader 4 (MT4), MetaTrader 5 (MT5)
RoboForex
MetaTrader 4 (MT4), MetaTrader 5 (MT5), R MobileTrader, R StocksTrader
Execution Speed
HYCM
12 ms
RoboForex
40 ms
Scalping
HYCM
RoboForex
Expert Advisors (EAs)
HYCM
RoboForex
Depth of Market (DOM)
HYCM
RoboForex
Spread
HYCM
average
RoboForex
low
Trading Assets
| Asset | HYCM | RoboForex |
|---|---|---|
Currencies | 72 | 33 |
Indices | 27 | 12 |
Stocks | 1080 | 8400 |
Cryptocurrencies | 28 | 11 |
Bonds | 0 | 0 |
Metals | 5 | 5 |
Energies | 3 | 2 |
Soft Commodities | 4 | 4 |
ETFs | 0 | 19 |
Currencies
HYCM
72
RoboForex
33
Indices
HYCM
27
RoboForex
12
Stocks
HYCM
1080
RoboForex
8400
Cryptocurrencies
HYCM
28
RoboForex
11
Bonds
HYCM
0
RoboForex
0
Metals
HYCM
5
RoboForex
5
Energies
HYCM
3
RoboForex
2
Soft Commodities
HYCM
4
RoboForex
4
ETFs
HYCM
0
RoboForex
19
Education and Analytics
| Feature | HYCM | RoboForex |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Economic Calendar
HYCM
RoboForex
Indicators
HYCM
RoboForex
Robots
HYCM
RoboForex
Signals
HYCM
RoboForex
Autochartist
HYCM
RoboForex
Expert Analytics
HYCM
RoboForex
News Feed
HYCM
RoboForex
Education Articles
HYCM
RoboForex
Webinars
HYCM
RoboForex
Seminars
HYCM
RoboForex
Bonuses
| Bonus | HYCM | RoboForex |
|---|---|---|
| Welcome Bonus | ||
| Is available | ||
| Size | — | $30 |
| Details | — | Learn More |
Customer Support
| Contact | HYCM | RoboForex |
|---|---|---|
Email | support@hycm.com | info@roboforex.com |
Phone | +442088167812 | +593964256286 |
Telegram | — | Telegram |
Facebook | ||
LinkedIn | — | |
YouTube | YouTube | YouTube |
Instagram | ||
Twitter |
Email
HYCM
RoboForex
Phone
HYCM
RoboForex
Telegram
HYCM
—
RoboForex
LinkedIn
HYCM
RoboForex
—
Which Broker is Better?
After comparing HYCM and RoboForex, RoboForex 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.