XM Group vs. HYCM

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XM Group and Henyep Markets (HYCM) are top brokerage firms. XM is a MetaTrader-only broker with straightforward services for new investors. It has top-tier licenses from the FCA, CySEC, ASIC, and IFSC. XM provides access to leading educational content and market research. We recommend it for beginners who want access to the best learning tools and materials. 

HYCM is a popular MetaTrader broker with an expensive fee structure. We do not recommend it for active traders. It offers limited research and education tools. It is a good choice for experienced traders who want access to premium services. 

Both online brokers have advantages and disadvantages. This article discusses the differences between XM Group and HYCM. 

Broker NameXM GroupHYCM
Year Founded20091997
Tradable AssetsForex, CFDForex, CFD, Cryptocurrency
Min Deposit$5-100$100
Min Trade$0$0
PlatformsMT4, MT5MT4, MT5
DepositFree of charge$100
WithdrawalsFree of chargeFree of charge

Top findings from the XM Group vs. HYCM review:  

  1. XM is a beginner-friendly MetaTrader broker with a reliable learning center. 
  1. HYCM is a premium brokerage firm with access to the full MetaTrader suite. 
  1. Both brokers offer a virtual trading account to test their offering. 

Professionals choose HYCM because of its industry-leading trading tools. We recommend XM Group to new traders as it has man learning and research materials. 

Level of experience  

XM Group provides access to the full MetaTrader suite. It offers investor trading support and a demo account. This broker is a top choice for beginners as it has many learning tools. 

HYCM has user-friendly research materials. These include investor dictionaries, trading videos, and webinars. HYCM has professional trading tools and access to MT4 and MT5. 


The minimum initial deposit fee at XM starts at $5, while at HYCM is $100. Both brokerage firms have a transparent fee structure. 


HYCM offers 71 currency pairs, while XM Group has 57 available pairs. XM provides access to 1372 CFDs, while HYCM has 245 available CFDs. 

Trading platform  

XM offers the MT4 and MT5 suites. These are highly customizable and user-friendly. XM stands out because of its comprehensive research center. It provides access to articles, charting, and trading signals. XM had diverse educational content, which is why we recommend it for inexperienced traders. 

HYCM is a MetaTrader-only broker with a distinct platform for its China and Hong Kong securities offering. It has a virtual trading account and social trading services. HYCM offers an education portal, but its fees are expensive when compared to competitor brokers. 

Banking services  

Banking services support an excellent online trading experience. Both brokers offer as their funding options bank wire, credit/debit cards, and Skrill. 

Final verdict  

XM Group and HYCM are top brokerage firms. Both have strengths and weaknesses depending on your trading needs. XM is a good fit for beginner investors. We recommend HYCM for professionals who want access to premium services. 

XM compared to other brokers:

XM review


The mission of Business24-7 is to provide comprehensive, unbiased ratings and reviews of online providers. User experience, the mobile experience, customer service, costs and fees, security, the quality of trade executions, the products available on their platforms are all part of our six-month evaluation of a providers’s platform. The rating scale was based on thousands of data points that have been weighted into the scoring system.

Providers were also required to fill out a multi-point survey regarding every aspect of their platform. In-person demonstrations and evaluations were provided by the majority of the online providers we reviewed.

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All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

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Braden Chase is an investor, trading specialist, and former research specialist for Forex.com who helps aspiring investors develop the confidence and habits they need to make an income from the market. Braden has served as a registered commodity futures representative for domestic and internationally-regulated brokerages and has also spoken & moderated numerous forex and finance industry panels across the globe.


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