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City Index vs HYCM : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
City Index
HYCM
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
Market maker
Market maker
Years of Existence / Established Year
1983
1977
Customer Base / Number of Accounts
1M + active customers
No information
Regulation & Security
Regulations (governing bodies)
CIRO, CySEC, NFA, CFTC, CIMA, FCA, SFC, FSA, MAS, ASIC
FCA, DFSA, CySEC,CIMA
Awards Won (count for the last 2 years)
Best trading app, Best CFD provider, Forex broker.com No.1- Performance Analytics new tool, Best in Class overall
Most Trusted Broker 2023 UAE, Most Transparent Forex Broker 2023
Security Measures
FSCS
Tier-1 Client Fund Security
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
Yes
Yes
Negative Balance Protection
Yes
Yes
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
13,500+ assets types including Shares
300+ instruments
Currency Pairs
Yes
Yes
Commodities
Yes
Yes
Indices
Yes
Yes
Cryptocurrencies
No
Yes
CFDs
Yes
Yes
ETFs
Yes
No
Stocks
No
Yes
Options
Yes
No
Futures
No
No
Bonds
Yes
No
Mutual Funds
No
No
Fractional Shares
Exchange Traded Notes (ETNs)
No
No
Precious Metals
Yes
No
Real Estate Investment Trusts (REITs)
No
No
Equities
No
No
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
Yes
Yes
MT5
No
Yes
cTrader
No
No
Social Trading
Yes
Copy Trading
Yes
Yes
Other Trading Platforms (proprietary, etc.)
City Index mobile trading app
HYCM Trader, Web trader
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Standard, MT4, Corporate account
Fixed, Classic and Raw account, Special account for VIP and corpoarte clients
Demo Account (Yes/No)
Yes
Yes
Islamic Accounts (Yes/No)
No
Yes
Minimum Deposit
€100
$20
Leverage Available
30:1
1:20- 1:500
Trade Limit (maximum per trade)
Depends on the assets class
250 for MT4 Unlimited for HYCM trader and MT5
Commission (per account type)
€0
No commission for fixed and classic accounts, Commissions for raw account: FX $4 per round, Metals $5 per round, Others $0 per round
Best Suited For (e.g., beginners, experienced traders)
Beginner to experienced
Beginners traders
Deposit & Withdrawal Options
Deposit Methods
Bank transfer, credit card, debit card, e-wallets
Bank Transfer, Visa (credit/debit card), and Crypto wallet (cryptocurrency payments), e-wallets
Withdrawal Methods
Bank transfer, credit card, debit card, e-wallets
Bank Transfer, Visa (credit/debit card), and Crypto wallet (cryptocurrency payments), e-wallets
Other E-Wallets Supported
Paypal
Neteller, Skrill, PayTrust, Fasapay, WebMoney, AstroPay, ZOTAPAY, and UPI
Tools & Educational Resources
Economic Calendar
Yes
Yes
Tools & Educational Resources (tutorials, webinars, market news, etc.)
Reuters Insider, News and analysis, Trading tools, Advanced trading view Charts
Forex Fundamentals, Trading Tools and Resources, Advanced Trading Concepts, Ethics and Compliance, Technology In Trading, Forex Market History
Fees & Commissions
Trading-Related Fees
UK Shares: 0.10% (min. €8 commission)US Shares: 1.5 cents per share (min. €8 commission)
Spread- 0.1 to 1.5 pips, Raw account - FX- $4 per round, Metals - $5 per round
Spread (typical, fixed, variable)
Fixed and variable spreads
Variable /Fixed
Per Lot Fees
NA
$4 per round
Options Contract Fees
NA
NA
Futures Contract Fees
NA
NA
Markup Fees on Spread
NA
NA
Guaranteed Stop Loss Fees
$0
NA
Maximum Leverage
30:1
1:500
Non-Trading Fees
Dormant Fees
$15 monthly fee after 24 months of inactivity
$10 inactive for 90 days
Subscription Fees (for premium features, data feeds)
NA
NA
Advisory Fees
NA
NA
Swap Fees (Overnight Financing)
Yes
Yes
Statement or Document Fee
NA
NA
Account Opening Fee
NA
NA
Account Maintenance Fee
NA
$50
Deposit Fee
Credit/ debit card- 2%, others - €0
$0
Currency Conversion Fee
Varies by instrument
$10
Withdrawal Fee
Bank fees may apply
e-wallets- 1%, Bank wires- $30, Others-$0
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
Yes
Yes
Customer Benefits (e.g., Retirement Plan)
No
No
Trading Hours
Trading Hours (for each asset class if applicable)
Varies by instrument
23: 01GMT on Sunday night and 21: 00 GMT on Friday night
Customer Support
Support Hours (e.g., 24/7, weekdays only)
24/5
24/5 For complaints 9:00 - 18.00 (GMT +3)
Customer Support Methods (phone, email, live chat)
Email: [email protected], Phone: 0800 060 8609, Live chat
Phone: +44 - 208 - 816 - 7812, E-mail:[email protected], Live chat
Support Languages
6
15+
Additional Information
Headquarters Location
1st Floor, Moor House, 120 London Wall, London, EC2Y 5ET
27-28 Clement's Lane, St Clement's HouseLondon EC4N 7AEUnited Kingdom
Complaints (for crypto brokers)
No
No
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