HYCM vs IG 2026: which is better?
We compared HYCM and IG on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences.
Key differences
- HYCM offers a swap-free Islamic account; IG does not.
- IG holds 10 licences from strong regulators, against 2 for HYCM.
- The minimum deposit at IG is $0, against $20 at HYCM.
- IG offers TradingView, which HYCM does not.
Comparison table
| Comparison table |
HYCM
Broker
|
IG
Broker
|
|---|---|---|
| Licences | FCA, DFSA | FCA, ASIC, DFSA, CFTC, NFA, MAS, FINMA, BaFin, JFSA, FMA, FSCA, BMA Best |
| Minimum deposit | $20 | $0 Best |
| Maximum leverage | 1:500 | 1:200 |
| Trading platforms | MetaTrader 4, MetaTrader 5, Web Trader, Mobile App, HYCM Trader | MetaTrader 4, MetaTrader 5, TradingView, Web Trader, Mobile App, ProRealTime, L2 Dealer |
| Markets | Forex, Stocks, Cryptocurrencies, Commodities and Gold, Indices | Forex, Stocks, Cryptocurrencies, Commodities and Gold, Indices, Exchange-Traded Funds (ETFs) |
| Islamic account | ✓ Yes | — |
| Demo account | ✓ Yes | ✓ Yes |
| Copy trading | — | ✗ No |
| Founded | — | 1974 |
| Headquarters | — | London, United Kingdom |
| Read the review | Read the review |
Data is for information only and may change; always check the official website before opening an account.
Add a third broker to the comparison
Choose HYCM if you
- need a swap-free Islamic account
Choose IG if you
- want more licences from strong regulators
- want to start with less money
- use TradingView
Frequently asked questions
Which is better, HYCM or IG?
We compared HYCM and IG on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences. HYCM offers a swap-free Islamic account; IG does not. IG holds 10 licences from strong regulators, against 2 for HYCM. The best choice depends on your country and trading style, so check which licence your account will be opened under.
Are HYCM and IG regulated?
HYCM licences: FCA, DFSA. IG licences: FCA, ASIC, DFSA, CFTC, NFA, MAS, FSCA, FINMA, BaFin, JFSA, FMA, BMA.
What is the minimum deposit at HYCM and IG?
HYCM: $20. IG: $0.
Do HYCM and IG offer an Islamic account?
HYCM: Yes. IG: No.