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Varianse vs HYCM

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

Varianse vs HYCM Comparison Table 2024
Varianse	HYCM

Not Rated	3.8
Varianse is ranked #97 among CFD brokers.	HYCM is ranked #68 among CFD brokers.
Review	Review
Varianse is an online broker offering unique instruments and powerful analysis tools.	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 Broker For Algo Traders, 2017 - Global Brands Magazine Best New Forex & CFD Broker, 2015 - Global Banking & Finance Review Most Innovative New Forex Brand, 2015 - Global Brands Magazine Best New STP Broker, 2014 - Global Banking & Finance Review	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	Yes
Instruments
Forex, CFDs, commodities, futures, custom FX & index baskets	CFDs, Forex, Stocks, Indices, Commodities, ETFs
Demo Account
Yes	Yes
Minimum Deposit
$500	$20
Payment Methods
Skrill	Mastercard Neteller Skrill Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
FCA	FCA, DFSA, CIMA, CySEC
Mobile Apps
Yes	iOS & Android
iOS App Rating
	3
Android App Rating
	3.6
Margin Trading
No	Yes
Margin Rate
	Variable upon regulation and jurisdiction
MetaTrader 4
Yes	Yes
MetaTrader 5
No	Yes
cTrader
No	No
AlgoTrader
No	No
OmniTrader
No	No
TradingView
No	No
Autochartist
No	No
eSignal
No	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
No	Yes
Auto Trading
Yes	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	No
Social Trading
No	No
Trade Signals
No
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
	$10
Islamic Account
Yes	Yes
Account Currencies
	USD EUR GBP RUB AED
Commodities
Gold	Gold Silver Coffee Oil Cotton Copper Palladium Platinum Sugar
CFD
Leveraged CFD trading is available on FX, indices, and commodities.	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
1:30	1:301:500
FTSE Spread
1.3	1.5
GBPUSD Spread<
0.6	0.1
Oil Spread
0.05	2.0
Stocks Spread
N/A	2.2%
Forex
Trade on a range of currencies with ultra-low spreads.	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
45	40+
GBPUSD Spread
0.6	0.4
EURUSD Spread
0.1	0.1
EURGBP Spread
0.9	0.4

Varianse	HYCM
Review	Review
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