IC Markets vs HYCM

IC Markets or HYCM – which is better for UK traders 2026? Compare IC Markets and HYCM in this detailed breakdown of their platforms, features and fees.

IC Markets vs HYCM Comparison Table 2026
IC Markets HYCM
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3.8
IC Markets is ranked # among . HYCM is ranked #23 among CFD brokers.
Review
IC Markets has closed or no longer accepts UK clients.
HYCM is an online broker regulated by four international authorities, including the FCA and CySEC. It provides short-term CFD opportunities in forex, shares, commodities, indices, ETFs, and Bitcoin. Traders can utilise the MT4 and MT5 platforms, alongside Trading Central analysis.
Pros
  • The modest $20 minimum deposit appeals to beginners. Similarly, the Fixed spread account, which incurs no commissions, is attractive.
  • The trusted regulators, such as the FCA, oversee the broker.
  • MT4 and MT5 connectivity guarantees traders a wide array of technical charting tools.
  • A wide array of free analytical tools is available, with Seasonax notably aiding in pattern analysis.
  • The Raw account offers competitive spreads, beginning at 0.1 pips for EUR/USD.
  • Traders can benefit from fast, fee-free transactions.
Cons
  • A limited asset selection, offering over 200 stocks.
  • Market coverage varies considerably across different account types and platforms.
  • The Raw account incurs a substantial $4 commission per transaction.
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
FCA Regulated
Yes
Instruments
CFDs, Forex, Stocks, Indices, Commodities, ETFs
Demo Account
Yes
Minimum Deposit
$20
Payment Methods
Minimum Trade
0.01 Lots
Regulator
FCA, DFSA, CIMA, CySEC
Mobile Apps
iOS & Android
iOS App Rating
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3
Android App Rating
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3.6
Margin Trading
Yes
Margin Rate
Variable upon regulation and jurisdiction
MetaTrader 4
Yes
MetaTrader 5
Yes
cTrader
No
AlgoTrader
No
OmniTrader
No
TradingView
No
Autochartist
No
eSignal
No
Trading Central
Yes
STP Account
No
ECN Account
Yes
DMA Account
No
MAM Account
No
PAMM Account
No
LAMM Account
No
Demat Account
No
AI / Machine Learning
No
Robo Advisor
No
Negative Balance Protection
Yes
Market Maker
No
P2P Trading
No
Spot Trading
Yes
Auto Trading
Expert Advisors (EAs) on MetaTrader
Copy Trading
No
Social Trading
No
VPS Hosting
No
Tournaments
No
Demo Competitions
No
Ethical Investing
No
Custodial Account
No
Guaranteed Stop Loss
No
Inactivity Fee
$10
Islamic Account
Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • RUB
  • AED
Commodities
  • Gold
  • Silver
  • Coffee
  • Oil
  • Cotton
  • Copper
  • Palladium
  • Platinum
  • Sugar
CFD
HYCM offers traders the opportunity to engage in trading CFDs across various stocks, indices, commodities, and ETFs, all featuring floating spreads. Leverage limits differ depending on the specific instrument. Clients can select from two top-tier trading platforms.
Leverage
1:301:500
FTSE Spread
1.5
GBPUSD Spread<
0.1
Oil Spread
2.0
Stocks Spread
2.2%
Forex
HYCM provides over 40 forex pairs for trading on the MT4 or MT5 platforms. Leverage is capped at 1:30, compliant with regulatory standards. The Raw account features tight spreads starting at 0.2, while the commission-free Classic account offers spreads from 1.2.
Assets
40+
GBPUSD Spread
0.4
EURUSD Spread
0.1
EURGBP Spread
0.4
IC Markets HYCM
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