Updated September 29, 2026 · BrokerCue Editorial Team
FXOpen vs HYCM
What sets them apart
| Compare |  FXOpen |  HYCM |
|---|---|---|
| Minimum deposit | $100 | $20Lower |
| Regulators | CySEC, FCACovers more | Financial Conduct Authority (FCA) |
| Investor protection | EU ICS up to EUR 20,000 | FSCS up to GBP 85,000 |
| Platforms | TickTrader, MT4, MT5 | MT4, MT5, HYCM Trader |
| Stock trade fee | Not confirmed | $0 |
| Retail accounts that lose money | 60% | Not confirmed |
| Deposit and withdrawal fees | Not confirmed | $0 card deposits |
Same on both: Markets (Stocks, ETFs, Forex, CFDs, Crypto).
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Key differences
- FXOpen scores higher overall: 9.1 vs 8.9.
- Regulators: only FXOpen offers CySEC.
- FXOpen is licensed in 1 more country.
- Minimum deposit is lower at HYCM: $20 vs $100.
- Platforms: only FXOpen offers TickTrader.
- Platforms: only HYCM offers HYCM Trader.
- Features: only FXOpen offers Demo account.
Our verdict on each
FXOpen
FXOpen suits traders who want one account spanning forex, CFDs, stocks, ETFs and crypto under FCA and CySEC oversight, with investor protection of EU ICS up to EUR 20,000. The minimum deposit of $100 is the catch, placing it well above the site median of €4.64 and above Vantage at $5.
HYCM
HYCM suits UK and European retail traders who want forex, CFDs, shares, ETFs and crypto on one account. Commission-free pricing with a stock trade fee of $0 and a minimum deposit of $20 keeps charges easy to read, though help runs thinner than at the alternatives.
Score breakdown
| Area | FXOpen | HYCM |
|---|---|---|
| Cost | 8.5 | 9.1HigherCost side is simple: a commission-free model and card deposits at $0 card deposits. |
| Offer | 9.4Higher | 9.0 |
| Trust | 9.5Higher | 8.6 |
What each covers
| Markets | FXOpen | HYCM |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | Yes | Yes |
| Forex | Yes | Yes |
| CFDs | Yes | Yes |
| Crypto | Yes | Yes |
Availability and regulation
| Country | FXOpen | HYCM |
|---|---|---|
| United Kingdom | ||
| Cyprus | Not confirmed |
Choosing between them
Pick FXOpen if offer, trust, and regulators matter most.
Pick HYCM if cost and minimum deposit matter most.
Where these facts come from
FXOpen
- fxopen.com: 5 facts, checked September 26, 2026
- scribd.com: 1 fact, checked September 26, 2026
- topforextradingbrokers.com: 1 fact, checked September 26, 2026
HYCM
- hycm.com: 11 facts, checked September 26, 2026
How they place
| Ranking | FXOpen | HYCM |
|---|---|---|
| Stock and ETF brokers | 114 of 471 | 162 of 471 |
| Forex brokers | 50 of 147 | 70 of 147 |
| Low-spread forex brokers | 48 of 145 | 68 of 145 |
| CFD brokers | 40 of 122 | 59 of 122 |
Every fact side by side
| Fact | FXOpen | HYCM |
|---|---|---|
| Features | Demo account, Crypto, Mobile appCovers more | Mobile app, Crypto |
| Pricing model | Not confirmed | Commission free |
| Legal entity | Not confirmed | HYCM Capital Markets (UK) Limited |
| Support channels | Not confirmed | Help centre |
Where each stands against the rest
| Fact | FXOpen | HYCM | Median |
|---|---|---|---|
| Minimum deposit | $100above the median | $20below the median | $25 |
| Stock trade fee | Not confirmed | $0at the median | $0 |
| Retail accounts that lose money | 60%lowest quarter | Not confirmed | 72.05% |
Median across 134 listed brokers.
Pros and cons
FXOpen
Pros
- One account covers stocks, ETFs, forex, CFDs and crypto, all listed under stocks, etfs and forex.
- Regulated by CySEC and FCA, so the UK operation sits under the FCA and the Cyprus operation under CySEC.
- Investor protection is stated at EU ICS up to EUR 20,000 for eligible claims.
Cons
- The minimum deposit of $100 is far above the site median of €4.64.
- On minimum deposit FXOpen ranks 148 of 213 brands compared.
- The cost score is 2.7 and the overall score is 2.7, so value is the weak side.
HYCM
Pros
- Commission-free dealing with a stock trade fee of $0
- Entry of $20, below the site median of €4.64
- Card deposits at $0 card deposits
Cons
- Support runs on help centre only
- No bonds, funds or futures in the stocks, etfs and forex list
- Entry of $20 sits above the $0 minimum at CFI
Who each suits
FXOpen
Who it suits
- Traders who want forex and CFDs next to stocks, ETFs and crypto in a single account.
- UK and EU residents who want a broker listed with CySEC and FCA and a stated protection scheme.
- Users of TickTrader, MT4 or MT5 who want a demo account before committing money.
Who should look elsewhere
- Newcomers starting with a small amount: CFI asks a minimum deposit of $0.
- Traders who want futures in the market list: eToro covers stocks, etfs and forex.
- Anyone wanting a lower entry point: Vantage takes $5 against FXOpen's $100.
HYCM
Who it suits
- Retail traders in the UK and Europe who want forex and CFDs beside shares and crypto in one account
- Beginners who prefer commission-free dealing to a tiered commission schedule
- Anyone who values a low entry point of $20 and a mobile app
Who should look elsewhere
- eToro, if you need futures as well as the stocks, etfs and forex it lists
- CFI, if you would rather start at $0
- Vantage, whose $5 entry sets a different bar
Questions about each
FXOpen
What is the minimum deposit at FXOpen?+
The minimum deposit is $100. That is well above the site median of €4.64 and places FXOpen at 148 of 213 brands compared on this measure. Anyone starting with a small balance is better served by a lower entry point elsewhere.
Who regulates FXOpen?+
FXOpen lists CySEC and FCA. The Cyprus entity is supervised by CySEC and the UK entity by the FCA, so UK customers sit under the UK regulator while EU customers sit under the Cyprus one. The listed protection scheme is EU ICS up to EUR 20,000.
HYCM
What does it cost to buy shares with HYCM?+
HYCM trades commission-free, and the stock trade fee on the account types is $0. Deals are not split into tiers, so the headline dealing charge is easy to read. Costs still show up in the spread and in overnight charges if you hold leveraged positions open.
How much do I need to deposit to open an account?+
The minimum deposit is $20, which sits below the site median of €4.64. On entry size HYCM ranks 118 of 213 brands, so the opening balance is modest. Stock dealing itself adds a stock trade fee of $0.