NinjaTrader vs HYCM

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

NinjaTrader vs HYCM Comparison Table 2024
NinjaTrader HYCM
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4.5
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3.8
NinjaTrader is ranked #34 among UK brokers. HYCM is ranked #68 among CFD brokers.
Review
Review
NinjaTrader is a US-headquartered and regulated brokerage that specializes in futures trading. There are three pricing plans to suit different needs and budgets, as well as ultra-low margins on popular contracts. The brand's award-winning charting software and trading platform also offers a high-degree of customization and superb technical analysis features. 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
  • NinjaTrader continues to deliver comprehensive charting software for active traders with bespoke technical indicators and widgets
  • NinjaTrader is a widely respected and award-winning futures broker and is heavily authorized by the NFA and CFTC
  • Low fees are offered, with $50 trading margins & commissions from $.09 per micro contract
  • Traders can get free platform access and trade simulation capabilities in the unlimited demo
  • You can get thousands of add-ons and applications from developers in 150+ countries
  • 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
  • There is a withdrawal fee on some funding methods
  • The premium platform tools come with an extra charge
  • Non forex and futures trading requires signing up with partner brokers
  • 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
  • 2023 Benzinga Global Fintech 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
No

List of FCA Regulated Brokers

Yes
Instruments
Forex, Stocks, Options, Commodities, Futures, Crypto CFDs, Forex, Stocks, Indices, Commodities, ETFs
Demo Account
Yes Yes
Minimum Deposit
$0 $20
Payment Methods
Minimum Trade
0.01 Lots 0.01 Lots
Regulator
NFA, CFTC FCA, DFSA, CIMA, CySEC
Mobile Apps
iOS & Android iOS & Android
iOS App Rating
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3
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3
Android App Rating
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3.2
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3.6
Margin Trading
Yes Yes
Margin Rate
Variable upon regulation and jurisdiction
MetaTrader 4
No Yes
MetaTrader 5
No Yes
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No No
Autochartist
No No
eSignal
Yes No
Trading Central
No Yes
STP Account
No No
ECN Account
No Yes
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No Yes
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Auto Trading
NinjaScript or via Automated Trading Interface Expert Advisors (EAs) on MetaTrader
Copy Trading
No No
Social Trading
No No
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$25 $10
Islamic Account
No Yes
Account Currencies
  • USD
  • USD
  • EUR
  • GBP
  • RUB
  • AED
Commodities
  • Oil
  • 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
1:50 1:301:500
FTSE Spread
1.5
GBPUSD Spread<
0.1
Oil Spread
2.0
Stocks Spread
2.2%
Forex
NinjaTraders supports the trading of popular currencies including the EUR/USD. The software also offers advanced features to streamline the trading experience, including complex order types like market if touched (MIT) and one cancels other (OCO). 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
50+ 40+
GBPUSD Spread
1.6 0.4
EURUSD Spread
1.3 0.1
EURGBP Spread
1.6 0.4
Cryptocurrency
You can get exposure to micro Bitcoin futures through the CME Group’s centralized exchange, which is highly regulated by the US CFTC. Micro contracts allow you to trade a fractional size of one Bitcoin, giving you more risk control and order flexibility. HYCM only offers trading opportunities on Bitcoin, which is traded via CFD in a pair with USD. Whilst exposure to the largest crypto by market cap is good, access to other digital currencies would bring the broker in line with competitors.
Spread
Floating Variable
Coins
  • BTC
  • BTC
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
NinjaTrader HYCM
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