| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| AAAFx | $10 Minimum Deposit | MT4, MT5, ActTrader Trading Platforms | 250+ Markets To Trade | AAAFx provides trading on MT4 and MT5, allowing automated trading, offers user friendly ActTrader and provides social and copy trading via ZuluTrade About |
| HYCM | $20 Minimum Deposit | MT4, MT5 Trading Platforms | 300+ Markets To Trade | HYCM offers trading on MT4 and MT5, allowing automated trading on both platforms About |
AAAFx vs HYCM Comparison
Both offers MT4 and MT5. AAAFx additionally provides a user friendly platform, ActTrader. Both allow automated trading with robots, and provide accounts for this type of trading. AAAFx additinally integrates with ZuluTrade, to provide social and copy trading.
AAAFx is regulated by the HCMC in Greece. HYCM is regulated by the FCA in the United Kingdom, the CySEC in Cyprus, the CIMA in the Cayman Islands and the DFSA in Dubai.
Quick comparison
Both offer MT4, though AAAFx also has a web trader, ActTrader and HYCM also offers MT5. AAAFx additionally provides ZuluTrade.
Minimum deposit and key account features
The minimum deposit for AAAFx is $10. The minimum deposit for HYCM is $20.
- AAAFx offers and ECN, an ECN Plus and an ECN Zulu account. The ECN Plus account does not charge commissions, the others do. AAAFx integrates with ZuluTrade for social and copy trading.
- HYCM offers a Trading Central plug in and has an Economic Calendar, Forex Calculators, News, Market Outlook, Forex Education, Webinars and Seminars on its website. HYCM says that latency is as low at 12ms. The minimum trade size is 0.01 lots.
- HYCM offers Fixed, Classic and Raw account and Islamic accounts for each. The Raw account charges commissions, the others do not. The Classic and Raw accounts allow Expert Advisors. The minimum deposit for the Raw, Fixed and Classic accounts is $20.
Markets
- AAAFx offers Forex, Indices, Energy, Metals, Cryptocurrencies and Stocks, with 250+ available.
- HYCM offers Forex, Indices, Energy, Metals, Cryptocurrencies, Stocks and Soft Commodities, with 80+ available on MT4 and 300+ on MT5. On the MT4 Classic and Raw accounts, HYCM offers Forex, Gold and Silver, with 45+ available.
| Broker | Trading Platforms | Description |
|---|---|---|
| HYCM Broker | MT4, MT5 Trading Platforms | HYCM offers trading on MT4 and its successor MT5, allowing automated trading with robots Description |
| AAAFx Broker | MT4, MT5, ActTrader Trading Platforms | AAAFx offers trading on MT4 and MT5 (allowing automated trading) and on user friendly ActTrader and has social and copy trading via ZuluTrade Description |
Leverage
Maximum leverage for AAAFx (HCMC regulated) is . Maximum leverage for HYCM (CySEC or FCA regulated) is .
Commission charge
- AAAFx charges a commission of $10 per lot per side for Forex and $8 for CFDs. It is possible to request no commissions trading, with a resulting increase in spreads. The Institutional account charges commissions of $3 per lot per side for transaction where USD is the currency base.
- HYCM charges a commission of $2 per lot per side on the Raw account.
Online trading platforms
Both offer MT4. AAAFx also provides ActTrader, while HYCM offers MT5.
Why AAAFx or HYCM ?
Traders who want to trade on MT4 can do so at either AAAFx or HYCM. Traders who want to trade on MT5 (the succesor to MT4) can do this at HYCM. Those who want to trade on a user friendly platform, can find ActTrader at AAAFx. Traders who want to social and copy trading can find ActTrader at AAAFx.
Comparison summary
- Both offer CFD trading
- Each provides MT4
- AAAFx also offers ActTrader
- HYCM also provides MT5
- Both allow automated trading
- AAAFx has ZuluTrade for social and copy trading
