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ZFX vs HYCM: Which Broker Is More Suitable for You?
Abstract：When choosing a forex and CFD broker, it's crucial to compare key aspects such as regulation, trading platforms, account types, fees, and customer support. Both ZFX and HYCM are reputable brokers with high scores on WikiFX, indicating their reliability. This article provides a side-by-side comparison to help you determine which broker aligns better with your trading needs.
When choosing a forex and CFD broker, it's crucial to compare key aspects such as regulation, trading platforms, account types, fees, and customer support. Both ZFX and HYCM are reputable brokers with high scores on WikiFX, indicating their reliability. This article provides a side-by-side comparison to help you determine which broker aligns better with your trading needs.
Basic Information & Regulation
- Operated by Zeal Capital Market (UK) Ltd, fully regulated by the UK FCA (No. 768451).
- Also has an offshore entity in Seychelles, regulated by the FSA (license SD027).
- Client funds are held in segregated accounts—an FCA hallmark of safety.
HYCM
- Global broker regulated across jurisdictions:
- UK under the FCA
- EU under CySEC
- Cayman Islands via CIMA
- Dubai via DFSA.
Leverage
ZFX
- Offers tiered leverage according to account balance:
- Up to 1:2000 for equity ≤ $3,000
- Then 1:1000, capped at 1:500 depending on account type.
HYCM
- Varies by region and product:
- Up to 1:500 for Forex via offshore entities
- UK/EU clients capped at 1:30 for majors, 1:20 for minors/exotics
- Lower leverage for stocks, indices, commodities, crypto.
Trading Platforms
ZFX
- Supports MetaTrader 4 & 5 across account types, offering a familiar and flexible trading environment.
HYCM
- Also supports MT4 and MT5.
- Provides both Fixed, Classic, and Raw accounts to suit different trading preferences.
Account Types, Minimum Deposits & Spreads
ZFX
| Account Type | Min Deposit | Spreads (EUR/USD) | Commission | Leverage |
| Mini | $50 | from 1.5 pips | – | up to 1:2000 |
| Standard (STP) | $200 | from 1.3 pips | – | up to 1:500 |
| ECN | $1,000 | from 0.2 pips | Yes | up to 1:500 |
HYCM
| Account Type | Min Deposit | Spreads | Commission | Leverage |
| Fixed | $100 | ~1.8 pips | None | Up to 1:500 (offshore); lower in-regions |
| Classic | $100 | ~1.4 pips | None | Similar, capped in FCA/CySEC regions |
| Raw | $200 | from 0.2 pips | ~$4 per round turn | Same as above, depending on jurisdiction |
Customer Service & Support
ZFX
- Offers multilingual support (details are limited on public sources).
HYCM
- Provides 24/5 contact via email, phone, and live chat.
- Some users acknowledge responsive service but note inactivity fees.
AI Tools, Education & Research
ZFX
- No widely reported branded AI tools; primarily relies on MT4/5 with standard analytic features.
HYCM
- Offers market commentary and access to Trading Central signals (for accounts with ≥ $250).
- Educational content is available, but might be limited for beginners.
Recent Updates
ZFX
- Introduced a tiered leverage structure and ECN account to expand its product suite.
HYCM
- Continues expanding CFD offerings, including crypto; regularly updates its platforms.
Advantages & Trade-offs
| Category | ZFX | HYCM |
| Leverage | Very high (up to 1:2000) for low equity accounts | High offshore, conservative caps in regulated regions |
| Spreads/Commissions | Transparent tiered spreads; ECN offers tight spreads | Competitive spreads; Raw account with commission |
| Regulation | Solid FCA oversight; offshore entity provides flexibility | Broad regulatory coverage (FCA, CySEC, DFSA, CIMA) |
| Platform | Standard MT4/5 suite | MT4/5 + Trading Central signals, commentary |
| Support & Fees | Limited public info on support | Good support; watch for inactivity/withdrawal fees |
| Tools & Education | Basic tools via MT platforms | In-house commentary & signals; educational gaps for novices |
Who Is Best For You?
- Choose ZFX if you:
- Seek extremely high leverage (up to 1:2000)
- Want straightforward MT4/5 trading across tiered account types
- Choose HYCM if you:
- Prefer multiple regulatory safeguards (FCA, CySEC, DFSA, CIMA)
- Value built-in market analysis and a broader CFD ecosystem
Final Thoughts
Both ZFX and HYCM offer reliable, solid brokerage services with distinct strengths. ZFX excels in ultra-high leverage and simple account structure. HYCM stands out for its broad regulation, research offerings, and support ecosystem. We recommend visiting WikiFX and using their comparison tool to explore deeper. Since both rank highly on WikiFX, your final choice should align with your trading goals, leverage appetite, and preference for analytics vs. simplicity.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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