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HYCM vs Fineco Bank : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
HYCM
Fineco Bank
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
Market maker
NA
Years of Existence / Established Year
1977
1999
Customer Base / Number of Accounts
No information
1.4M
Regulation & Security
Regulations (governing bodies)
FCA, DFSA, CySEC,CIMA
FCA, PRA Bank of Italy and Consob
Awards Won (count for the last 2 years)
Most Trusted Broker 2023 UAE, Most Transparent Forex Broker 2023
Winner of EMAS Italia 2023 Best in ESG in MF investment and advisor awards 2023 Sustainability leaders 2023
Security Measures
Tier-1 Client Fund Security
SIPC & FSCS
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
Yes
Yes
Negative Balance Protection
Yes
NBP for derivatives not available for professional traders
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
300+ instruments
6000+ financial products including ETCs
Currency Pairs
Yes
Yes
Commodities
Yes
Yes
Indices
Yes
Yes
Cryptocurrencies
Yes
Yes
CFDs
Yes
Yes
ETFs
No
Yes
Stocks
Yes
Yes
Options
No
Yes
Futures
No
Yes
Bonds
No
Yes
Mutual Funds
No
Yes
Fractional Shares
Exchange Traded Notes (ETNs)
No
Yes
Precious Metals
No
Yes
Real Estate Investment Trusts (REITs)
No
No
Equities
No
Yes
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
Yes
No
MT5
Yes
No
cTrader
No
No
Social Trading
No
Copy Trading
Yes
No
Other Trading Platforms (proprietary, etc.)
HYCM Trader, Web trader
PowerDesk Fineco App
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes (except iOS)
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Fixed, Classic and Raw account, Special account for VIP and corpoarte clients
Fineco Account Trading Account
Demo Account (Yes/No)
Yes
No
Islamic Accounts (Yes/No)
Yes
No
Minimum Deposit
$20
Euro 0
Leverage Available
1:20- 1:500
100:1
Trade Limit (maximum per trade)
250 for MT4 Unlimited for HYCM trader and MT5
CFDs Min 2% to Max 6% for intraday trading Min 7% to Max 100% for multiday trading
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
NA
Best Suited For (e.g., beginners, experienced traders)
Beginners traders
Beginners & experienced
Deposit & Withdrawal Options
Deposit Methods
Bank Transfer, Visa (credit/debit card), and Crypto wallet (cryptocurrency payments), e-wallets
Bank transfer Credit / Debit cards
Withdrawal Methods
Bank Transfer, Visa (credit/debit card), and Crypto wallet (cryptocurrency payments), e-wallets
Bank transfer Credit / Debit cards
Other E-Wallets Supported
Neteller, Skrill, PayTrust, Fasapay, WebMoney, AstroPay, ZOTAPAY, and UPI
No
Tools & Educational Resources
Economic Calendar
Yes
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
Margination Automatic Orders Multicurrency Multiple Filters Remunerated Portfolio Video guides & online webinars
Fees & Commissions
Trading-Related Fees
Spread- 0.1 to 1.5 pips, Raw account - FX- $4 per round, Metals - $5 per round
CFD Stocks - Euro 0 CFD Indices - Euro 0 CFD Commodities -Euro 0 CFD Forex - Euro0 CFD Crypto -Euro 0 Knock out - Euro 0 ETF promotion -Euro 0 Certificates - Euro 0 Euro 3.95 per order on investments
Spread (typical, fixed, variable)
Variable /Fixed
Variable
Per Lot Fees
$4 per round
Up to Euro 0.85 and $1 per lot
Options Contract Fees
NA
IDEM options - Euro 1.95 EUREX Options - Euro 1.95 CBOE Options - $1.95
Futures Contract Fees
NA
Futures IDEM - Euro 1.95 EUREX Futures - Euro 0.95 CME Futures - $1
Markup Fees on Spread
NA
$0
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
1:500
100:1
Non-Trading Fees
Dormant Fees
$10 inactive for 90 days
Euro 0
Subscription Fees (for premium features, data feeds)
NA
0.25%
Advisory Fees
NA
$0
Swap Fees (Overnight Financing)
Yes
NA
Statement or Document Fee
NA
$0
Account Opening Fee
NA
$0
Account Maintenance Fee
$50
Euro 2.95 per month
Deposit Fee
$0
$0
Currency Conversion Fee
$10
$0
Withdrawal Fee
e-wallets- 1%, Bank wires- $30, Others-$0
$0
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
Yes
No
Customer Benefits (e.g., Retirement Plan)
No
Yes
Trading Hours
Trading Hours (for each asset class if applicable)
23: 01GMT on Sunday night and 21: 00 GMT on Friday night
Depends on the assets 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
UK - 08006406667 Abroad - +44 (0) 20 7065 7557 Monday to Friday, from 10:00 am to 6:30 pm.Email: mailto:[email protected]
Support Languages
15+
2
Additional Information
Headquarters Location
27-28 Clement's Lane, St Clement's HouseLondon EC4N 7AEUnited Kingdom
Rivoluzione d'Ottobre 16, Reggio Emilia, Italy 42123
Complaints (for crypto brokers)
No
No
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