HYCM vs EC Markets : Fees, Safety & Trading Conditions Compared (2026)

Broker Name

HYCM

EC Markets

Broker Overview

Broker Type (e.g., Market Maker, ECN/STP)

Market maker

STP broker

Years of Existence / Established Year

1977

2011

Customer Base / Number of Accounts

No information

Regulation & Security

Regulations (governing bodies)

FCA, DFSA, CySEC,CIMA

FSA,FCA, FSC

Awards Won (count for the last 2 years)

Most Trusted Broker 2023 UAE, Most Transparent Forex Broker 2023

Best Trading Liquidity Award, Best Customer Awards

Security Measures

Tier-1 Client Fund Security

FSCS

SSL Encryption / 2FA

Yes

Segregated Funds

Yes

Negative Balance Protection

Yes

Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

300+ instruments

150+

Currency Pairs

Yes

Commodities

Yes

Indices

Yes

Cryptocurrencies

Yes

CFDs

Yes

ETFs

Stocks

Yes

Options

Futures

Bonds

Mutual Funds

Fractional Shares

Yes

Exchange Traded Notes (ETNs)

Precious Metals

Yes

Real Estate Investment Trusts (REITs)

Equities

Trading Platforms & Technology

Trading Platform Availability

Yes

MT4

Yes

MT5

Yes

cTrader

Social Trading

Yes

Copy Trading

Yes

Other Trading Platforms (proprietary, etc.)

HYCM Trader, Web trader

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Yes except Mac

Account Types & Conditions

Account Types (Retail, Pro, VIP, etc.)

Fixed, Classic and Raw account, Special account for VIP and corpoarte clients

Standard and ECN accounts

Demo Account (Yes/No)

Yes

Islamic Accounts (Yes/No)

Yes

Minimum Deposit

$20

$10

Leverage Available

1:20- 1:500

200:1 to 500:1

Trade Limit (maximum per trade)

250 for MT4 Unlimited for HYCM trader and MT5

Unlimited

Commission (per account type)

No commission for fixed and classic accounts, Commissions for raw account: FX $4 per round, Metals $5 per round, Others $0 per round

$0 for standard account, $5 per lot per side for ECN account

Best Suited For (e.g., beginners, experienced traders)

Beginners traders

Both beginners and experienced traders

Deposit & Withdrawal Options

Deposit Methods

Bank Transfer, Visa (credit/debit card), and Crypto wallet (cryptocurrency payments), e-wallets

Union Pay, OCT 365, Swift wire transfer, Indonesia bank ATM, Bank Transfer Malaysia, THAI QR payment,e-wallets

Withdrawal Methods

Bank Transfer, Visa (credit/debit card), and Crypto wallet (cryptocurrency payments), e-wallets

Union Pay, OCT 365, Swift wire transfer, Indonesia bank ATM, Bank Transfer Malaysia, THAI QR payment, e-wallets

Other E-Wallets Supported

Neteller, Skrill, PayTrust, Fasapay, WebMoney, AstroPay, ZOTAPAY, and UPI

VN pay, PoLi.

Tools & Educational Resources

Economic Calendar

Yes

Tools & Educational Resources (tutorials, webinars, market news, etc.)

Forex Fundamentals, Trading Tools and Resources, Advanced Trading Concepts, Ethics and Compliance, Technology In Trading, Forex Market History

Trading Education, Market Analysis, Webinars, eBooks and Guides, Video Tutorials, MT4 Indicator Plugin

Fees & Commissions

Trading-Related Fees

Spread- 0.1 to 1.5 pips, Raw account - FX- $4 per round, Metals - $5 per round

Spread for Std account: Starts from 1.0 pip, Spread for ECN accounts: Starts from 0.0 pips

Spread (typical, fixed, variable)

Variable /Fixed

Variable

Per Lot Fees

$4 per round

Options Contract Fees

Futures Contract Fees

Markup Fees on Spread

Guaranteed Stop Loss Fees

Maximum Leverage

1:500

500:1

Non-Trading Fees

Dormant Fees

$10 inactive for 90 days

Subscription Fees (for premium features, data feeds)

Advisory Fees

Swap Fees (Overnight Financing)

Yes

Statement or Document Fee

Account Opening Fee

Account Maintenance Fee

$50

Deposit Fee

Currency Conversion Fee

$10

Withdrawal Fee

e-wallets- 1%, Bank wires- $30, Others-$0

$0 bank fees may apply

Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Customer Benefits (e.g., Retirement Plan)

Trading Hours

Trading Hours (for each asset class if applicable)

23: 01GMT on Sunday night and 21: 00 GMT on Friday night

Varies by asset type

Customer Support

Support Hours (e.g., 24/7, weekdays only)

24/5 For complaints 9:00 - 18.00 (GMT +3)

24/5

Customer Support Methods (phone, email, live chat)

Phone: +44 - 208 - 816 - 7812, E-mail:[email protected], Live chat

Phone: +248 422 4099, E-mail: [email protected], Live chat

Support Languages

15+

Additional Information

Headquarters Location

27-28 Clement's Lane, St Clement's HouseLondon EC4N 7AEUnited Kingdom

3rd Floor, 30 City Road, London, United Kingdom, EC1Y 2AY.

Complaints (for crypto brokers)

At TradingCritique, we don't just list brokers. We test, compare, and simplify your decision-making. Whether you're a beginner or a pro, our data-driven comparisons are built to match your trading style and region. Learn how we Evaluate a broker.

While HYCM maintains low trading fees with no minimum deposit, EC Markets includes some charges for premium features and certain asset trades, making HYCM the better option for budget-focused traders.

HYCM gets you trading faster thanks to its minimal entry barriers. In comparison, EC Markets account setup is slower but includes extra layers of financial screening and suitability assessments.

Traders who value simplicity and execution speed may prefer HYCM platform. Meanwhile, EC Markets offers more flexibility through tools like advanced order types and multi-screen support.

Advanced users will enjoy HYCM capabilities, but EC Markets remains a favorite for its streamlined and beginner-centric approach.

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