HYCM vs IronFX - BrokerCue
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Broker Comparison

HYCM vs IronFX

Compare HYCM and IronFX side by side: fees, regulation, platforms.

HYCM

HYCM

Experienced forex and CFD traders

HYCM is a multi-regulated forex and CFD broker backed by Henyep Group, offering MetaTrader 4 and MetaTrader 5…

VS
IronFX

IronFX

Active forex and CFD traders

IronFX is a Cyprus-founded forex and CFD broker offering 200+ instruments across multiple account types on Me…

Head-to-head comparison

HYCM vs IronFX
Feature HYCM IronFX
Minimum deposit - -
Stock trading fee Available as CFDs; pricing via spread -
Regulators FCA, DFSA, CIMA FCA, CySEC, FSCA, FSC
Best for Experienced forex and CFD traders Active forex and CFD traders
Markets & account
Stocks
-
Forex
CFDs
Crypto
-
Futures
-
Margin
Multi Currency
Demo Account

Pros & cons

HYCM

HYCM

Pros

  • FCA-regulated with FSCS protection up to £85,000
  • Raw account spreads from 0.1 pips on forex
  • Low swap rates suit swing and position traders
  • Low minimum deposit of $20
  • Free demo account available
  • Multiple account types including Fixed, Classic and Raw
  • Backed by Henyep Group, a financial conglomerate established in 1977

Cons

  • Fixed and Classic account spreads above industry average
  • CySEC license voluntarily renounced in June 2024 - no EU regulated entity
  • Crypto CFDs unavailable to UK FCA-regulated clients
  • $10 monthly inactivity fee after 90 days
  • $30 fee on bank wire withdrawals under $300
  • No copy trading or social trading features
  • No TradingView or cTrader integration
  • Demo accounts expire after 90 days
IronFX

IronFX

Pros

  • Regulated by FCA, CySEC, and FSCA
  • UK clients covered by FSCS up to GBP 85,000
  • 200+ instruments across forex, commodities, indices, shares, and crypto CFDs
  • Multiple account types including zero-spread ECN options
  • Free demo account available
  • Free VPS hosting for qualifying deposits
  • IronFX Academy educational resources
  • Copy trading via TradeCopier

Cons

  • Only MetaTrader 4 offered - no MT5 or cTrader
  • $50 annual inactivity fee after 12 months
  • 3% withdrawal fee if no trades have been placed
  • Offshore BVI entity offers materially lighter retail protections
  • History of client complaints and CySEC settlements in 2015 (EUR 335,000) and 2024 (EUR 100,000)
  • Not available to US residents
  • Minimum deposit of $250 on most account types
HYCM

HYCM

HYCM is a multi-regulated forex and CFD broker backed by Henyep Group, offering MetaTrader 4 and MetaTrader 5 across forex, indices, commodities, stocks and crypto.

Visit HYCM Read review

Your capital is at risk. Other fees apply.

IronFX

IronFX

IronFX is a Cyprus-founded forex and CFD broker offering 200+ instruments across multiple account types on MetaTrader 4, regulated by FCA, CySEC, and FSCA.

Visit IronFX Read review

Your capital is at risk. Other fees apply.

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