JFD Bank vs HYCM

JFD Bank or HYCM – which is better for UK traders 2024? Compare JFD Bank and HYCM in this detailed breakdown of their platforms, features and fees.

JFD Bank vs HYCM Comparison Table 2024
JFD Bank HYCM
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3.8
JFD Bank is ranked # among . HYCM is ranked #68 among CFD brokers.
JFD Bank has closed or no longer accepts UK clients.
HYCM is an online broker with authorization from four international bodies including the FCA and CySEC. The broker offers short-term CFD trading on forex, shares, commodities, indices, ETFs and Bitcoin, and supports the MT4 and MT5 platforms, as well as Trading Central analysis.
Pros
  • The low $20 minimum deposit is suitable for beginners, as well as the Fixed spread account with no commissions
  • The broker is overseen by trusted regulators, including the FCA
  • MT4 and MT5 integration ensures that active traders can access a vast selection of technical charting tools
  • There's a good range of free analytical tools, particularly Seasonax for pattern analysis
  • Spreads are competitive in the Raw account, starting from 0.1 pips for EUR/USD
  • Traders can access fee-free payments with rapid processing
Cons
  • Not the best overall range of assets, with just 200+ stocks
  • Market coverage varies quite significantly between account types and platforms
  • There's a high commission of $4 each way on the Raw account
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 traders can access CFDs on a range of stocks, indices, commodities and ETFs with floating spreads and maximum leverage varying by instrument. Clients also have a choice between two industry-leading platforms.
Leverage
1:301:500
FTSE Spread
1.5
GBPUSD Spread<
0.1
Oil Spread
2.0
Stocks Spread
2.2%
Forex
HYCM offers 40+ forex pairs, with most available to trade on either the MT4 or MT5 platform. The maximum leverage on offer is 1:30 in accordance with regulations, and tight spreads start from 0.2 on the Raw account and from 1.2 on the commission-free Classic account.
Assets
40+
GBPUSD Spread
0.4
EURUSD Spread
0.1
EURGBP Spread
0.4
JFD Bank HYCM
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