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Lightspeed vs HYCM : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
Lightspeed
HYCM
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
STP broker
Market maker
Years of Existence / Established Year
2005
1977
Customer Base / Number of Accounts
No information
No information
Regulation & Security
Regulations (governing bodies)
FINRA, SEC
FCA, DFSA, CySEC,CIMA
Awards Won (count for the last 2 years)
No major awards listed
Most Trusted Broker 2023 UAE, Most Transparent Forex Broker 2023
Security Measures
SIPC
Tier-1 Client Fund Security
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
Yes
Yes
Negative Balance Protection
No
Yes
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
Commodity futures
300+ instruments
Currency Pairs
No
Yes
Commodities
No
Yes
Indices
No
Yes
Cryptocurrencies
No
Yes
CFDs
No
Yes
ETFs
Yes
No
Stocks
Yes
Yes
Options
Yes
No
Futures
Yes
No
Bonds
No
No
Mutual Funds
No
No
Fractional Shares
Exchange Traded Notes (ETNs)
No
No
Precious Metals
No
No
Real Estate Investment Trusts (REITs)
No
No
Equities
Yes
No
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
No
Yes
MT5
No
Yes
cTrader
No
No
Social Trading
Yes
Copy Trading
No
Yes
Other Trading Platforms (proprietary, etc.)
Light speed trader, Web and mobile trading, Speciality trading platform, Future trading platform, Risk management Software
HYCM Trader, Web trader
Platform Compatibility (Windows, Mac, iOS, Android)
Yes except Mac, iOS, Android
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Standard account- Individual, Joint, Retirement, Corporate, Trust, LLC, Institutional account- Prime brokerage, Separately Manged account, DVP, RVP,Cash and Margin 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
$2,000
$20
Leverage Available
4:1 to 2:1
1:20- 1:500
Trade Limit (maximum per trade)
Depends on asset class
250 for MT4 Unlimited for HYCM trader and MT5
Commission (per account type)
Accounts under $15,000: $25 monthly fee, Lightspeed Trader and Sterling Trader Pro: $0.50 minimum per order, Eze EMS (formerly RealTick): $3.00 minimum commission, Lightspeed Web & Mobile: $1 minimum commission
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)
Active traders, professionals, and institutional traders
Beginners traders
Deposit & Withdrawal Options
Deposit Methods
Wire transfer, ACH, account transfer, Check
Bank Transfer, Visa (credit/debit card), and Crypto wallet (cryptocurrency payments), e-wallets
Withdrawal Methods
Wire transfer, ACH, account transfer,Check
Bank Transfer, Visa (credit/debit card), and Crypto wallet (cryptocurrency payments), e-wallets
Other E-Wallets Supported
No
Neteller, Skrill, PayTrust, Fasapay, WebMoney, AstroPay, ZOTAPAY, and UPI
Tools & Educational Resources
Economic Calendar
No
Yes
Tools & Educational Resources (tutorials, webinars, market news, etc.)
Trading Platform Tutorials, Market Insights and Analysis, Webinars and Online Events, Trading Education Resources, Market News and Research
Forex Fundamentals, Trading Tools and Resources, Advanced Trading Concepts, Ethics and Compliance, Technology In Trading, Forex Market History
Fees & Commissions
Trading-Related Fees
ETFs- $2, Share- $0.001, Future option fee- $1.29
Spread- 0.1 to 1.5 pips, Raw account - FX- $4 per round, Metals - $5 per round
Spread (typical, fixed, variable)
NA
Variable /Fixed
Per Lot Fees
NA
$4 per round
Options Contract Fees
$0.20
NA
Futures Contract Fees
NA
NA
Markup Fees on Spread
NA
NA
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
4:1
1:500
Non-Trading Fees
Dormant Fees
$25 monthly minimum
$10 inactive for 90 days
Subscription Fees (for premium features, data feeds)
$130
NA
Advisory Fees
NA
NA
Swap Fees (Overnight Financing)
Yes
Yes
Statement or Document Fee
$15 - $50 per month
NA
Account Opening Fee
$20
NA
Account Maintenance Fee
Maintenance fees will be billed weekly, based on the previous month's commissions
$50
Deposit Fee
$0
$0
Currency Conversion Fee
$10
$10
Withdrawal Fee
$20 fee for domestic wires and a $50 fee for international wires, Check standard time- free or overnight $30
e-wallets- 1%, Bank wires- $30, Others-$0
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
Yes
Yes
Customer Benefits (e.g., Retirement Plan)
Yes
No
Trading Hours
Trading Hours (for each asset class if applicable)
4 AM to 8 PM EST on weekdays only.
23: 01GMT on Sunday night and 21: 00 GMT on Friday night
Customer Support
Support Hours (e.g., 24/7, weekdays only)
24/7
24/5 For complaints 9:00 - 18.00 (GMT +3)
Customer Support Methods (phone, email, live chat)
E-mail: [email protected], Phone: 1-888-577-3123 , 1-646-393-4800, Schedule a call
Phone: +44 - 208 - 816 - 7812, E-mail:[email protected], Live chat
Support Languages
1
15+
Additional Information
Headquarters Location
Chicago office, 181 West Madison Street, Suite 2950, Chicago, IL 60602
27-28 Clement's Lane, St Clement's HouseLondon EC4N 7AEUnited Kingdom
Complaints (for crypto brokers)
No
No
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