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HYCM vs MEXEM : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
HYCM
MEXEM
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
Market maker
STP
Years of Existence / Established Year
1977
2018
Customer Base / Number of Accounts
No information
Info not available
Regulation & Security
Regulations (governing bodies)
FCA, DFSA, CySEC,CIMA
Cysec AFM FSMA
Awards Won (count for the last 2 years)
Most Trusted Broker 2023 UAE, Most Transparent Forex Broker 2023
No major awards listed
Security Measures
Tier-1 Client Fund Security
ICCL
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)
300+ instruments
150 + trading assets Warrant
Currency Pairs
Yes
Yes
Commodities
Yes
Yes
Indices
Yes
No
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
No
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
Yes
Other Trading Platforms (proprietary, etc.)
HYCM Trader, Web trader
Client Portal Desktop TWS Mobile TWS MEXEM Lite Watch TWS MEXEM APIs
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Fixed, Classic and Raw account, Special account for VIP and corpoarte clients
Individual Accounts Instituitional Accounts
Demo Account (Yes/No)
Yes
Yes
Islamic Accounts (Yes/No)
Yes
No
Minimum Deposit
$20
$0
Leverage Available
1:20- 1:500
NA
Trade Limit (maximum per trade)
250 for MT4 Unlimited for HYCM trader and MT5
Varies for each product
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
Experienced only
Deposit & Withdrawal Options
Deposit Methods
Bank Transfer, Visa (credit/debit card), and Crypto wallet (cryptocurrency payments), e-wallets
Bank Transfer
Withdrawal Methods
Bank Transfer, Visa (credit/debit card), and Crypto wallet (cryptocurrency payments), e-wallets
Bank Transfer
Other E-Wallets Supported
Neteller, Skrill, PayTrust, Fasapay, WebMoney, AstroPay, ZOTAPAY, and UPI
No
Tools & Educational Resources
Economic Calendar
Yes
No
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
Practical tutorials on using TWS trader workstatioin Video tutorials
Fees & Commissions
Trading-Related Fees
Spread- 0.1 to 1.5 pips, Raw account - FX- $4 per round, Metals - $5 per round
FX - 0.005% Warrents - 0.2% for EUR & HKD. 0.12% for AUD Metals - 0.03% in USD Bonds - 0.15% Mutual Funds - 0.1% (Max Euro 4 and Min Eur 29) Futures & Options - vary for each currency contract Stocks & ETFs - vary for each currency
Spread (typical, fixed, variable)
Variable /Fixed
NA
Per Lot Fees
$4 per round
NA
Options Contract Fees
NA
0.65% per contract
Futures Contract Fees
NA
0.85% per contract
Markup Fees on Spread
NA
NA
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
1:500
NA
Non-Trading Fees
Dormant Fees
$10 inactive for 90 days
NA
Subscription Fees (for premium features, data feeds)
NA
NA
Advisory Fees
NA
$0
Swap Fees (Overnight Financing)
Yes
NA
Statement or Document Fee
NA
NA
Account Opening Fee
NA
$0
Account Maintenance Fee
$50
$0
Deposit Fee
$0
$0
Currency Conversion Fee
$10
0.05%
Withdrawal Fee
e-wallets- 1%, Bank wires- $30, Others-$0
First withdrawal (within 30 days) is free for all methods. Wire/SEPA Euro: £8 /w. Wire USD: $10 /w SEPA GBP: £7 / w
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
Yes
Yes
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
Monday to Thursday 8:30am to 8pm Friday 8:30 am to 5:30 pm Saturday and Sunday closed
Customer Support
Support Hours (e.g., 24/7, weekdays only)
24/5 For complaints 9:00 - 18.00 (GMT +3)
Monday to Thursday: 8:30am to 8:00pm. Friday: 8:30am to 5:30pm.
Customer Support Methods (phone, email, live chat)
Phone: +44 - 208 - 816 - 7812, E-mail:[email protected], Live chat
Leave a message, Live chatCyprus - +357-25030447, mailto:[email protected]
Support Languages
15+
10+
Additional Information
Headquarters Location
27-28 Clement's Lane, St Clement's HouseLondon EC4N 7AEUnited Kingdom
Archiepiskopou Kyprianou, 1 Loucaides Building, 3036 Limassol, Cyprus
Complaints (for crypto brokers)
No
No
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