HYCM vs Interactive Brokers 2026: which is better?
We compared HYCM and Interactive Brokers 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; Interactive Brokers does not.
- HYCM offers MetaTrader 4, MetaTrader 5, which Interactive Brokers does not.
- Interactive Brokers holds 10 licences from strong regulators, against 2 for HYCM.
- The minimum deposit at Interactive Brokers is $0, against $20 at HYCM.
- Interactive Brokers offers TradingView, which HYCM does not.
Comparison table
| Comparison table |
HYCM
Broker
|
Interactive Brokers
Broker
|
|---|---|---|
| Licences | FCA, DFSA | FCA, ASIC, SEC, FINRA, CFTC, NFA, CBI, CIRO, SFC, MAS Best |
| Minimum deposit | $20 | $0 Best |
| Maximum leverage | 1:500 | 1:30 |
| Trading platforms | MetaTrader 4, MetaTrader 5, Web Trader, Mobile App, HYCM Trader | Trader Workstation, IBKR Desktop, Client Portal, IBKR GlobalTrader, Web Trader, Mobile App, TradingView |
| 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 |
| Founded | — | 1977 |
| Headquarters | — | Greenwich, United States |
| 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
- use MetaTrader 4, MetaTrader 5
Choose Interactive Brokers if you
- want more licences from strong regulators
- want to start with less money
- use TradingView
Frequently asked questions
Which is better, HYCM or Interactive Brokers?
We compared HYCM and Interactive Brokers 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; Interactive Brokers does not. HYCM offers MetaTrader 4, MetaTrader 5, which Interactive Brokers does not. The best choice depends on your country and trading style, so check which licence your account will be opened under.
Are HYCM and Interactive Brokers regulated?
HYCM licences: FCA, DFSA. Interactive Brokers licences: FCA, ASIC, SEC, FINRA, CFTC, NFA, CBI, CIRO, SFC, MAS.
What is the minimum deposit at HYCM and Interactive Brokers?
HYCM: $20. Interactive Brokers: $0.
Do HYCM and Interactive Brokers offer an Islamic account?
HYCM: Yes. Interactive Brokers: No.