AvaTrade
HYCM
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Overview
AvaTrade was founded in 2006 and is headquartered in The British Virgin Islands, while HYCM was established in 1977 and is based in UK. AvaTrade holds licences including Central Bank of Ireland, while HYCM is regulated by Financial Conduct Authority (FCA) among others. AvaTrade serves 200,000+ clients worldwide; HYCM has 10,000+. The minimum deposit is $250 at AvaTrade and $100 at HYCM.
| Feature | AvaTrade | HYCM |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Regulation | Central Bank of Ireland, Australian Securities and Investment Commission (ASIC), Financial Services Authority (FSA), Financial Stability Board (FSB), British Virgin Islands Financial Services Commission (BVI) | Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048 |
| Founded | 2006 | 1977 |
| Country | The British Virgin Islands | UK |
| Clients | 200,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between AvaTrade and HYCM, directly affecting your bottom line as a trader. HYCM has a lower barrier to entry with a minimum deposit of $100 (vs $250 at AvaTrade). HYCM charges withdrawal fees while AvaTrade does not, giving AvaTrade an edge for frequent withdrawers. HYCM applies inactivity fees on dormant accounts; AvaTrade does not. Overall, HYCM scores higher on fees in our assessment.
| Feature | AvaTrade | HYCM |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Withdrawal Fees | No | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | No | No |
| CFD Fees | No | No |
Platforms
AvaTrade offers MT4, MT5, cTrader, while HYCM supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. The two brokers are closely matched on platform offering.
| Feature | AvaTrade | HYCM |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Mac, Mirror Trader, ZuluTrade, Web Trader, Tablet & Mobile apps | MT4, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how AvaTrade and HYCM compare. HYCM runs regular live webinars; AvaTrade does not. Both provide video tutorials. HYCM publishes daily market commentary; AvaTrade does not. Both integrate third-party research tools. HYCM maintains an archive of past webinars for on-demand viewing. HYCM scores higher overall in education and research.
| Feature | AvaTrade | HYCM |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. AvaTrade accepts 4 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Neteller), while HYCM supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). HYCM uniquely supports Skrill among the two brokers. HYCM scores higher on deposit and withdrawal flexibility.
| Feature | AvaTrade | HYCM |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | No | Yes |
| Neteller | Yes | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both AvaTrade and HYCM offer live chat support. Both provide phone support. Email support is available at both brokers. AvaTrade supports 6 languages and HYCM supports 5, giving AvaTrade broader global reach. Both brokers are comparable on support quality.
| Feature | AvaTrade | HYCM |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Italian, German, French, Greek, and Hebrew | English, Chinese, Chinese (Traditional), Arabic, and Russian |