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HYCM , LiteForex Broker Comparison
Do you want to know which is the better broker between HYCM and LiteForex ?
In the table below, you can compare the features of HYCM , LiteForex side by side to determine the best fit for your needs.
- Rating
- Basic Information
- Trading Env.
- Account Info
- Related News
- Relevant Exposures
- Rating
- Basic Information
- Trading Env.
- Account Info
- Related News
- Relevant Exposures
2 / 3 forex brokers comparison in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Est. Date
Regulatory License
MT4
MT5
Crypto
Deposit/Withdrawal Methods
Trading Env.
Trading Environment Rating
Execution Speed
Trading Speed Rating
Average Execution Speed
Minimum Execution Latency
Minimum Open Latency
Minimum Close Latency
Maximum Execution Latency
Maximum Open Latency
Maximum Close Latency
Slippage
Slippage Rating
Average Slippage
Max Slippage
Maximum Positive Slippage
Maximum Negative Slippage
Trading Cost
Trading Cost Rating
- Average Trading Cost
- (EURUSD)
- Average Trading Cost
- (XAUUSD)
Swap
Swap Rating
- Average Trading Cost
- (EURUSD)
- Average Trading Cost
- (XAUUSD)
Disconnection Instances
Disconnection Rating
Avg. Disconnection Frequency (/day)
Avg. Reconnection Time
Account Info
Accounts
Account Name
Trading Instruments
Minimum Deposit
Maximum Leverage
Typical Spread
Stop-Out Level
Spread Types
Minimum Trade Size
Crypto
Lock Position
Scalping
EA Trading
7.2
Regulated
Under guarantee
20+ years
FCA
Bank transfer,VISA,MASTER,crypto
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
RAW,CLASSIC,FIXED
--
$20
1:500
From 0.1
0.00
Variable
0.01
--
4.89
Regulated
Under guarantee
15-20 years
CYSEC
Bank Wire Transfer,Neteller,Skrill,VISA
D
AAA
222.5
3
3
3
1972
1864
1972
D
EURUSD: 2.5
XAUUSD: 12.3
28
2
28
B
8.19 USD/Lot
27.19 USD/Lot
D
Long: -10.84
Short: 0.25
Long: -171.97
Short: 1.36
AA
0.1
70.8
CLASSIC,ECN
--
$50
--
from 2.0
50.00
floating
0.01
--
HYCM 、 LiteForex BrokerRelated News
HYCM 、 LiteForex BrokerRelevant Exposures
Which broker is more reliable?
To evaluate a broker's reliability and trustworthiness, consider the following four factors:
1.Forex broker introduction。
2.Do hycm and liteforex have lower transaction costs?
3.Which broker is safer?
4.Which broker offers the best trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Forex broker introduction
hycm
| HYCMReview Summary | |
| Founded | 2006-11-20 |
| Registered Country/Region | United Kingdom |
| Regulation | Regulated |
| Market Instruments | CDFs(on Forex/Commodities/Stocks/Cryptos/Indices) |
| Demo Account | ✅ |
| Leverage | Up to 1:1000 |
| Spread | From 0.1 pips |
| Trading Platform | HYCM Trader/MT4/MT5(Web/Windows/Mobile(Android/iOS)) |
| Min Deposit | $20 |
| Customer Support | Phone: +442088167812 |
| Email: support@hycm.com | |
| Email: accounts@hycm.com | |
| Email: info@hycm.com | |
| Email: complaints@hycm.com | |
| Facebook/Twitter/LinkedIn/Instagram/YouTube/Crunchbase/Discord | |
| Live chat | |
HYCM Information
HYCM is a broker. The tradable instruments include CDFs on forex, commodities, stocks, cryptos, and indices. The broker also provides three accounts with a maximum leverage of 1:1000. The minimum spread is from 0.1 pips and the minimum deposit is $20.
Pros and Cons
| Pros | Cons |
| MT4/MT5 available | High max leverage |
| 24/5 customer support | Negative comments about difficulty in withdrawal |
| Regulated | |
| Spread from 0.1 pips | |
| Demo account available | |
| Various tradable instruments |
Is HYCM Legit?
HYCM is regulated by FCA with license number 186171, which is much safer than unregulated brokers. The license type is Market Making(MM).
What Can I Trade on HYCM?
HYCM offers a wide range of market instruments, including CDFs on forex, commodities, stocks, cryptos, and indices.
| Tradable Instruments | Supported |
| Forex CDFs | ✔ |
| Commodities CDFs | ✔ |
| Stocks CDFs | ✔ |
| Cryptos CDFs | ✔ |
| Indices CDFs | ✔ |
| Precious Metals | ❌ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
HYCM has three account types: fixed, classic, and raw. Traders who want low spreads can choose a raw account. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only. Islamic users are allowed to open Islamic accounts with no swap fees.
| Account Type | Fixed | Classic | Raw |
| Spreads from | 1.5 pips | 1.2 pips | 0.1 pips |
| Min. deposit | 20 USD | 20 USD | 20 USD |
| Min. Volume per trade | 0.01 | 0.01 | 0.01 |
| Swap free (Islamic) | Yes | Yes | Yes |
| Commission | Free | Free | S0 to $5 per round |
HYCM Fees
The spread starts at 0.1 pips, the swap is free, and the commission starts at 0. The lower the spread, the faster the liquidity.
Leverage
The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.
Trading Platform
HYCM cooperates with the authoritative MT4 and MT5 trading platform and a propriety trading platform available on the Web, Windows, and Mobile(Android/iOS) to trade. Junior traders prefer MT4 over MT5. Traders with rich experience are more suitable for using MT5. MT4 and MT5 provide various trading strategies and implement EA systems.
| Trading Platform | Supported | Available Devices | Suitable for |
| HYCM Trader | ✔ | Android/iOS | - |
| MT4 | ✔ | Web/Windows/Mobile(Android/iOS) | Junior traders |
| MT5 | ✔ | Web/Windows/Mobile(Android/iOS) | Experienced traders |
Deposit and Withdrawal
The minimum deposit is $20. HYCM accepts Shutterstock, Visa, Mastercard, Neteller, Skrill, Crypto, AstroPay, WebMoney, PayTrust, Fasapay, Zotapay, and Lipi for deposit and withdrawal. The deposit processing times are up to 1 hour and 1 to 7 working days and associated fees are $0. The withdrawal processing times are up to 24 hours and 1 to 7 working days and associated fees are $0.
| Method (Deposits) | Minimum | Processing | Fees |
| Shutterstock | US $20 | 1 to 7 working days | $0 |
| Visa/Mastercard | US $20 | Up to 1 hour | $0 |
| Neteller | US $20 | Up to 1 hour | $0 |
| Skrill | US $20 | Up to 1 hour | $0 |
| Crypto | US $20 | Up to 1 hour | $0 |
| AstroPay | US $20 | Up to 1 hour | $0 |
| WebMoney | US $20 | Up to 1 hour | $0 |
| PayTrust | US $20 | Up to 1 hour | $0 |
| Fasapay | US $20 | Up to 1 hour | $0 |
| Zotapay | US $20 | Up to 1 hour | $0 |
| Lipi | US $20 | Up to 1 hour | $0 |
| Method (Withdrawals) | Minimum | Processing | Fees |
| Shutterstock | US $300 | 1 to 4 working days | $0 |
| Visa/Mastercard | US $20 | 1 to 7 working days | $0 |
| Neteller | US $20 | Up to 24 hours | $0 |
| Skrill | US $20 | Up to 24 hours | $0 |
| Crypto | US $20 | Up to 24 hours | $0 |
| AstroPay | US $20 | Up to 24 hours | $0 |
| WebMoney | US $20 | Up to 24 hours | $0 |
| PayTrust | US $20 | Up to 24 hours | $0 |
| Fasapay | US $20 | Up to 24 hours | $0 |
| Zotapay | US $20 | Up to 24 hours | $0 |
| Lipi | US $20 | Up to 24 hours | $0 |
liteforex
| LiteForex Review Summary | |
| Founded | 2004 |
| Registered Country | Cyprus |
| Regulated | CYSEC |
| Trading Instruments | Currency, commodities, global stock indices |
| Demo Account | ✅ |
| Leverage | Up to 1:30 |
| EUR/USD Spread | Floating around 0.6 pips |
| Trading Platform | MT4, MT5 |
| Copy Trading | ✅ |
| Min Account Deposit | $50 |
| Customer Support | Working hours: 9 a.m. - 9 p.m.(GMT +2) (Monday to Friday) |
| Live chat | |
| Phone: +357-25-750-555 | |
| Email: support@liteforex.eu | |
| Address: Liteforex (Europe) Ltd, 30 Spyrou Kyprianou, 1st Floor, Germasogeia, 4040, Limassol, Cyprus | |
LiteForex Information
LiteForex is a Cyprus-registered company that provides online trading services for forex, commodities, and global stock indices markets. It is regulated by the Cyprus Securities and Exchange Commission (CYSEC) and offers two types of live accounts: ECN and Classic. LiteForex also provides demo accounts and rich educational resources for beginners. The company allows clients to deposit and withdraw funds via popular electronic transfers, bank cards, and bank wire transfers with a minimum amount of 1 USD and no extra fees.
Pros & Cons
| Pros | Cons |
| Many years' experience in the industry | Limited leverage ratios |
| Regulated by CySEC | No 24/7 customer support |
| Member of the Investor Compensation Fund | |
| Various trading instruments | |
| Demo accounts available | |
| Tight EUR/USD spread | |
| MT4 and MT5 supported | |
| Copy trading offered | |
| Low minimum deposit | |
| Popular payment options | |
| No deposit/withdrawal fees | |
| Rich educational resources for beginners | |
| Multiple contact channels |
Is LiteForex Legit?
Yes. LiteForex is regulated by Cyprus Securities and Exchange Commission (CySEC).
| Regulatory Agency | Cyprus Securities and Exchange Commission (CySEC) |
| Current Status | Regulated |
| Regulated by | Cyprus |
| Licensed Institution | Liteforex (Europe) Ltd |
| Licensed Type | Straight Through Processing (STP) |
| Licensed Number | 093/08 |
Besides, the broker says that it is a member of the Investor Compensation Fund, which enables them to guarantee that all of their client funds are insured (up to 20,000 EUR).
Market Instruments
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Stock Indices | ✔ |
| Cryptocurrency | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
LiteForex offers a demo account for beginners to practice trading without risking real money.
For live accounts, the company provides two options: ECN and Classic.
| Account Type | Minimum Deposit | Account Base Currency |
| ECN | $50 | USD, EUR, GBP, PLN |
| Classic | $50 | USD, EUR, GBP, PLN |
Leverage
LiteForex offers a maximum leverage of 1:30, which is a commonly seen level in the forex industry. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spread & Commission
| Account Type | Spread | Commission |
| ECN | Floating from 0.0 points | ✔ |
| Classic | Floating from 2.0 points | ❌ |
| Currency Pair | Spread (Floating) |
| EUR/USD | 0.6 pips |
| GBP/USD | 1.0 pips |
| AUD/USD | 1.0 pips |
| USD/JPY | 1.0 pips |
| EUR/JPY | 0.2 pips |
Trading Platform
LiteForex offers both MT4 and MT5 trading platforms, which are widely recognized and trusted by traders in the industry. You can download Apps for Android and iOS.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Windows PC, MacOS, iPhone/iPad, Androi | Beginners |
| MT5 | ✔ | Windows PC, MacOS | Experienced traders |
Deposit & Withdrawal
| Payment Options | Min Deposit | Commission/Fee | Deposit Time | Withdrawal Time |
| Visa/MasterCard | $10 | ❌ | Instant | 3-5 days |
| Bank wire transfers | $10 | ❌ | 2-5 days | 2-5 days |
| Neteller/Skrill | $1 | ❌ | Instant | Instant |
Do hycm and liteforex have lower transaction costs?
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive hycm and liteforex are, we first considered common fees for standard accounts. On hycm, the average spread for the EUR/USD currency pair is From 0.1 pips, while on liteforex the spread is from 2.0.
Which broker between hycm, liteforex is safer?
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
hycm is regulated by FCA. liteforex is regulated by CYSEC.
Which broker between hycm, liteforex provides better trading platform?
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
hycm provides the RAW,CLASSIC,FIXED platform with products like --; liteforex offers the CLASSIC,ECN platform featuring assets including --.
