HYCM Alternatives: How It Compares Updated for 2025
This alternatives to HYCM guide has been updated for 2025 by industry experts with years of financial experience in Forex, CFDs, & Social Trading. We have worked to gather hundreds of data points about the alternatives to HYCM to make sure you have as much information as possible to make an informed decision.
There are a lot of good alternatives to HYCM like Startrader, freetrade, and easyMarkets. They all provide the same, if not more, benefits to their users. If you feel that HYCM is not quite right for you then it would be worth getting a demo account with a few of the top HYCM alternatives and check if they are a better fit for you before moving any money around.
The most in depth review of HYCM alternatives on the web
There's a lot of reasons HYCM may not be a good fit for you. Whatever reason you are hunting for a better HYCM alternative or HYCM competitor with better services, comparebrokers.org will always try to give you as much helpful information so you can make an informed choice. Below you will discover the best HYCM alternatives.
For each of the below alternative to HYCM, we break down the key differences to HYCM and for each section show you the best alternatives. For each HYCM alternative trading platform listed we also have detailed broker reviews and guides that you can easily click to view elsewhere on comparebrokers.org, all based on hundreds of datapoints collected and reviewed by experts. If you are unhappy with HYCM, let us show you some great alternative online trading platformsbrokers|online trading platforms|brokerages.
Using a reputable and dependable online broker is crucial to your trading success. All of the HYCM alternative platforms we list in this HYCM alternatives guide have good reputations and match what you are looking for.
Alternatives With Lower Minimum Deposit
HYCM has a minimum desposit of $100, you should check how the minimum deposit requirements of HYCM compare with the minimum deposits of HYCM competitors. Brokers offer lower minimum deposits to get traders to join with them, but having higher a minimum deposit requirement isn’t necessarily a bad thing, it all comes down to your individual trading needs.
| Broker | Minimum Deposit | Find Out More |
|---|---|---|
|
HYCM |
$100 | |
| freetrade |
$0 | |
| easyMarkets |
$100 | |
| Uphold |
$1 | |
| ThinkMarkets |
$0 |
Alternatives Offering Virtual Portfolio Accounts
HYCM offers demo accounts so you can test your trading strategies before risking any real capital. Inexperienced traders can open a demo account in order to better understand the areas of Forex trading and test out some of the company’s features before signing up for a live account.
Below we detail some of the best alternatives to HYCM that have demo accounts.
| Broker | Offers Demo Account? | Find Out More |
|---|---|---|
|
HYCM |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
Yes |
|
Alternatives Offering Negative Balance Protection
HYCM does not provide negative balance protection. If your balance is unfavorable, HYCM suggests you contact customer services. Then you are able to correct any imbalances in your account.
Below we show some of the best alternatives to HYCM that offer negative balance protection.
| Broker | Offers Negative Balance Protection? | Find Out More |
|---|---|---|
|
HYCM |
No | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| Uphold |
Yes |
Alternatives Offering Guaranteed Stop Loss
HYCM unfortunately, doesn't offer guaranteed stop loss. HYCM gives an opportunity to its traders to close their trade in their specified price. Aside from this, HYCM does not provide guaranteed stop loss.
Below we detail some of the top HYCM alternatives that offer guaranteed stop loss available for their clients.
| Broker | Offers Guaranteed Stop Loss? | Find Out More |
|---|---|---|
|
HYCM |
No | |
| easyMarkets |
Yes | |
| Uphold |
Yes | |
| instaforex |
Yes | |
| FreshForex |
Yes |
Alternatives Offering Scalping
No, the terms and conditions of HYCM do not allow scalping. It's a trading technique that is not allowed on the broker's platform. You can consult with HYCM's terms and conditions to read more about its own policies.
Below we list some of the top alternatives to HYCM that allow scalping functionality to their clients.
| Broker | Offers Scalping? | Find Out More |
|---|---|---|
|
HYCM |
||
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Hedging
The stipulations of HYCM don't condone hedging. It is a trading technique that is not permitted on the agent's platform. You should refer to HYCM's provisions and conditions to read more about its own policies.
Below we show some of the best alternatives to HYCM that offer hedging services to their client base.
| Broker | Offers Hedging? | Find Out More |
|---|---|---|
|
HYCM |
||
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Social Trading
HYCM's social trading platform allows traders to share their expertise with others to build a community of investors and traders. What stocks they are monitoring, what to buy, what to sell. This allows intermediate traders to absorb the expert knowledge and make their own trades based off it. It is a more independent version of copy trading.
Below we detail some of the top HYCM alternatives that allow social trading capabilities.
| Broker | Offers Social Trading? | Find Out More |
|---|---|---|
|
HYCM |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Alternatives That Allow Copy Trading
To build a strong community of traders and investors, and to encourage successful traders to share their wisdom, HYCM offers copy trading which gives access to leading traders sharing their knowledge with the community. Which stocks they are following, what stocks to buy, and what stocks to sell. Intermediate traders can then absorb this expert knowledge and create their own trades. This is calculated social trading..
Below we list some of the top alternatives to HYCM that allow copy trading to their customers
| Broker | Offers Copy Trading? | Find Out More |
|---|---|---|
|
HYCM |
Yes | |
| Startrader |
Yes | |
| freetrade |
Yes | |
| easyMarkets |
Yes | |
| PUPRIME |
No |
|
Compare HYCM To All Other Brokers