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

Broker Name

HYCM

Venom Trading

Broker Overview

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

Market maker

ECN

Years of Existence / Established Year

1977

2004

Customer Base / Number of Accounts

No information

Info not available

Regulation & Security

Regulations (governing bodies)

FCA, DFSA, CySEC,CIMA

FINRA NFA SIPC

Awards Won (count for the last 2 years)

Most Trusted Broker 2023 UAE, Most Transparent Forex Broker 2023

Best in class for professional trading by stockbrokers.com

Security Measures

Tier-1 Client Fund Security

SIPC

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

Currency Pairs

Yes

Commodities

Yes

Indices

Yes

Cryptocurrencies

Yes

CFDs

Yes

ETFs

Yes

Stocks

Yes

Options

Yes

Futures

Yes

Bonds

Yes

Mutual Funds

Fractional Shares

Yes

Exchange Traded Notes (ETNs)

Precious Metals

Real Estate Investment Trusts (REITs)

Equities

Yes

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

Venom mobile Venom desktop Venom web

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

Individual account IRA account

Demo Account (Yes/No)

Yes

Islamic Accounts (Yes/No)

Yes

Minimum Deposit

$20

$5,000

Leverage Available

1:20- 1:500

1:4

Trade Limit (maximum per trade)

250 for MT4 Unlimited for HYCM trader and MT5

Trade size vary on each asset

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

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

Beginners traders

Experienced

Deposit & Withdrawal Options

Deposit Methods

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

Wire transfer ACH transfer Online bill pay

Withdrawal Methods

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

ACATS DWAC DRS

Other E-Wallets Supported

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

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

Short videos & courses Recorded webinars

Fees & Commissions

Trading-Related Fees

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

Equities - $0.004/share Options - $0.75 per contract Futures - $1.25 / contract

Spread (typical, fixed, variable)

Variable /Fixed

Typical

Per Lot Fees

$4 per round

Options Contract Fees

$0.75 per contract

Futures Contract Fees

$1.25 per contract per side

Markup Fees on Spread

Guaranteed Stop Loss Fees

Maximum Leverage

1:500

1:4

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

IRA - $7.5 quarterly fee

Deposit Fee

Currency Conversion Fee

$10

Vary for different exchanges

Withdrawal Fee

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

Wires - $10 Checks - $4 ACH/EFT - $1 SEPA - NA

Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Customer Benefits (e.g., Retirement Plan)

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 Friday - 7am to 4.30pm CST

Customer Support

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

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

24/5 weekday customer service

Customer Support Methods (phone, email, live chat)

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

Ph-877-792-6272 Customer service line - 877-442-2757 Fax - 972-491-3111 Email - [email protected]

Support Languages

15+

Additional Information

Headquarters Location

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

3008 E. Hebron Pkwy Building 400, Carrolton TX 75010

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.

HYCM is known for competitive pricing on basic trades, especially for beginners. However, Venom Trading fee structure, though slightly higher, covers a broader range of services, making it more suitable for active traders.

Account approval at HYCM is usually completed within hours, often with automated ID checks. Venom Trading might take longer due to manual reviews, but provides in-depth onboarding support along the way.

HYCM platform is great for fast-paced day trading, especially with features like one-click trading. Venom Trading platform, by comparison, is built for strategy testing and long-term portfolio management.

HYCM is geared toward frequent trading and analytics, while Venom Trading fits those who value simplicity and guided experiences.

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