BP Prime vs HYCM
BP Prime or HYCM – which is better for UK traders 2024? Compare BP Prime and HYCM in this detailed breakdown of their platforms, features and fees.
| BP Prime | HYCM |
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| BP Prime is ranked #91 among CFD brokers. | HYCM is ranked #72 among CFD brokers. |
| BP Prime offers MT4 trading with fast executions and a mobile app solution. | HYCM is an online broker with authorization from four international bodies including the FCA and CySEC. The broker offers short-term CFD trading on forex, shares, commodities, indices, ETFs and Bitcoin, and supports the MT4 and MT5 platforms, as well as Trading Central analysis. |
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| Cons | |
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| Awards | |
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| FCA Regulated | |
| Yes | Yes |
| Instruments | |
| Forex, CFDs, indices, commodities, cryptocurrencies | CFDs, Forex, Stocks, Indices, Commodities, ETFs |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $5000 | $20 |
| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.01 Lots |
| Regulator | |
| FCA | FCA, DFSA, CIMA, CySEC |
| Mobile Apps | |
| Yes | iOS & Android |
| iOS App Rating | |
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| Android App Rating | |
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| Margin Trading | |
| No | Yes |
| Margin Rate | |
| Variable upon regulation and jurisdiction | |
| MetaTrader 4 | |
| Yes | Yes |
| MetaTrader 5 | |
| No | Yes |
| cTrader | |
| No | No |
| AlgoTrader | |
| No | No |
| OmniTrader | |
| No | No |
| TradingView | |
| No | No |
| Autochartist | |
| No | No |
| eSignal | |
| No | No |
| Trading Central | |
| No | Yes |
| STP Account | |
| No | No |
| ECN Account | |
| No | Yes |
| DMA Account | |
| No | No |
| MAM Account | |
| No | No |
| PAMM Account | |
| No | No |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| No | No |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| No | Yes |
| Market Maker | |
| No | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| No | Yes |
| Auto Trading | |
| Yes | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | |
| No | No |
| Social Trading | |
| No | No |
| VPS Hosting | |
| No | No |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $10 | |
| Islamic Account | |
| No | Yes |
| Account Currencies | |
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| Commodities | |
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| CFD | |
| Invest in online CFDs with 1:30 leverage. | HYCM traders can access CFDs on a range of stocks, indices, commodities and ETFs with floating spreads and maximum leverage varying by instrument. Clients also have a choice between two industry-leading platforms. |
| Leverage | |
| 1:30 | 1:301:500 |
| FTSE Spread | |
| 1.0 | 1.5 |
| GBPUSD Spread< | |
| 1.4 | 0.1 |
| Oil Spread | |
| 3.8 | 2.0 |
| Stocks Spread | |
| N/A | 2.2% |
| Forex | |
| Trade two-dozen+ FX pairs with low spreads. | HYCM offers 40+ forex pairs, with most available to trade on either the MT4 or MT5 platform. The maximum leverage on offer is 1:30 in accordance with regulations, and tight spreads start from 0.2 on the Raw account and from 1.2 on the commission-free Classic account. |
| Assets | |
| 27 | 40+ |
| GBPUSD Spread | |
| 1.4 | 0.4 |
| EURUSD Spread | |
| 1.4 | 0.1 |
| EURGBP Spread | |
| 1.4 | 0.4 |
| Cryptocurrency | |
| Trade cryptocurrencies with 1:10 leverage. | HYCM only offers trading opportunities on Bitcoin, which is traded via CFD in a pair with USD. Whilst exposure to the largest crypto by market cap is good, access to other digital currencies would bring the broker in line with competitors. |
| Spread | |
| BTC, LTC, ETH, XRP | Variable |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
| BP Prime | HYCM |
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