Plain-English forex education. No hype, no signals.فارسی
BrokerCutForex Academy

Head to head

HYCM vs Opofinance

HYCM is licensed by FCA in the United Kingdom and DFSA in the United Arab Emirates (DIFC). Opofinance holds only an offshore registration (International). The licence that applies to you depends on where you live, so check which company you would contract with before comparing anything else.

Minimum deposits start at $20 at HYCM and $100 at Opofinance. Only HYCM offers negative balance protection. Both offer segregated client money.

Facts last checked: HYCM on 20 October 2026, Opofinance on 20 October 2026.

HYCM profileOpofinance profile
Broker 1
Broker 2
Broker 3

Monthly cost uses the account chosen in each slot: cost per lot × your lots. Swap and other fees are extra. The lowest monthly cost is highlighted only as a fact about cost, not as a recommendation.

Broker
HYCMStrictly regulatedRead the profile
OpofinanceOffshore registration onlyRead the profile
Comparing
HYCMUnited Kingdom
OpofinanceInternational

Overview

Founded
Not yet checked
Not yet checked
Headquarters
London, United Kingdom
Kingstown, St Vincent and the Grenadines (group companies in Seychelles, Australia and South Africa)
Official websites
  • hycm.com
  • hycm.co.uk
  • opofinance.com
  • opoforex.com
Facts last checked
20 October 2026
20 October 2026

Regulation and protection

Company you would contract with
HYCM Capital Markets (UK) Limited
Opo Group Ltd
Regulator
FCA
United Kingdom
FSA Seychelles
International
Regulation level
Strictly regulated
Offshore registration only
Licence number
186171
Check the register
SD124 (Securities Dealer)
Check the register
Clients this company serves
UK residents
Opofinance says clients onboarded under this company use cTrader and TradingView accounts
All licences held
  • FCA (United Kingdom)
  • DFSA (United Arab Emirates (DIFC))
  • FSA Seychelles (International)
Segregated client money
Yes
Yes
Negative balance protection
Yes
No
Compensation scheme
FSCS for eligible clients of HYCM Capital Markets (UK) Limited only
Membership of The Financial Commission (Opo Group LLC), a private dispute body with cover of up to €20,000 per case; no government scheme

Costs

Your monthly cost
No accounts listed
No accounts listed
Cost per lot (EUR/USD)
No accounts listed
No accounts listed
Spread from
No accounts listed
No accounts listed
Typical EUR/USD spread
No accounts listed
No accounts listed
Commission per lot (round turn)
No accounts listed
No accounts listed
Typical GBP/USD spread
Not yet checked
Not yet checked
Typical USD/JPY spread
Not yet checked
Not yet checked
Typical XAU/USD spread
Not yet checked
Not yet checked
Swap-free account
Yes
Yes

Leverage and margin

Maximum retail leverage
1:30 on major pairs for FCA retail clients; up to 1:500 at the Costa Rica company
Up to 1:2000
Retail leverage by asset class
  • Major currency pairs: 1:30 (FCA); up to 1:500 (Costa Rica)
  • Bitcoin CFDs: 1:5 (Costa Rica company only)
Not yet checked
Margin call level
Not yet checked
80%
Stop-out level
50% (HYCM may start closing positions from 55%)
20%

Account

Minimum deposit (this account)
No accounts listed
No accounts listed
Base currencies
No accounts listed
No accounts listed
Execution
No accounts listed
No accounts listed

Platforms and features

Platforms
  • MetaTrader 4
  • MetaTrader 5
  • HYCM Trader app
  • Web Trader
  • MetaTrader 4
  • MetaTrader 5
  • cTrader
  • TradingView
  • OpoTrade
Markets
300+ CFDs on forex, metals, indices, commodities, shares and cryptocurrencies, plus US stocks
About 1,150 CFDs on forex, metals, commodities, indices, shares and cryptocurrencies
Demo account
Yes
Not yet checked
Copy trading
Not yet checked
Yes
Expert advisors (automated trading)
Yes
Yes
News trading allowed
Not yet checked
Not yet checked
Guaranteed stops
Not yet checked
Not yet checked

Deposits and withdrawals

Deposit methods
  • Bank wire
  • Visa card
  • Cryptocurrency
  • Visa and Mastercard
  • USDT (TRC20)
  • Other cryptocurrencies
  • Volet
  • Top Change
Withdrawal fee
No HYCM fee; your bank may charge. Profits are withdrawn by wire transfer only
$3–6 for crypto, 2% (minimum $1) for Volet; card deposits cost 2.5% (minimum $1)
Inactivity fee
Not yet checked
Not yet checked

Support

Customer support
Live chat and online help centre
24/7 AI support agent and support@opofinance.com

Our notes

Strengths
  • UK company authorised by the FCA since 2001 and allowed to hold client money
  • Client money kept in segregated accounts, with negative balance protection
  • Low $20 minimum deposit on every account type
  • Sister company Opo Group Ltd is listed by the FSA Seychelles as a securities dealer
  • The client agreement says client money is held in segregated accounts
  • Five platforms, including MT4, MT5, cTrader and TradingView
Watch out for
  • The international website (hycm.com) signs clients up with HYCM Capital Markets S.R.L., a Costa Rica company with no financial licence
  • Leverage of up to 1:500 at the Costa Rica company, against 1:30 for FCA retail clients
  • The FCA has warned about many clone firms using HYCM's name, including hycmarkets.net and hycmarket.com
  • Spreads are published only as "from" figures, so typical costs are hard to compare
  • The published client agreement is with Opo Group LLC in St Vincent, which is a company registration, not a securities licence
  • The ASIC licence only allows general advice; it does not license the trading accounts
  • Says OPO Finance (Pty) Ltd is authorised by the FSCA (licence 54594); we could not confirm it on the FSCA register on 2026-10-20 (the register could not be reached).
  • Its risk warning says you can lose more than your deposit, and we found no negative balance protection; leverage goes up to 1:2000

Risk warnings

The buttons to a broker’s website above the table are partner links: we may earn a commission if you open an account through them. That never changes the facts shown here. Trading leveraged products such as forex and CFDs carries a high risk of losing money rapidly, and most retail accounts lose money. Each broker’s own warning:

  • HYCM: Contracts for Difference (‘CFDs’) are complex financial products that are traded on margin. Trading CFDs carries a high degree of risk. It is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent expert advice if necessary and speculate only with funds that you can afford to lose. Please think carefully whether such trading suits you, taking into consideration all the relevant circumstances as well as your personal resources. We do not recommend clients posting their entire account balance to meet margin requirements. Clients can minimise their level of exposure by requesting a change in leverage limit. For more information please refer to HYCM’s Risk Disclosure.
  • Opofinance: Trading involves a high level of risk and may not be suitable for all traders or investors. You should carefully consider your trading goals or objectives, financial situations, level of experience and needs before entering into margin trading with Opofinance. There is a risk of losing substantially more than the investor’s initial investment. Hence, we advise you to only trade the products if you fully understand the risks involved, and can afford them.

Open this comparison in the full tool to share a link with your own accounts and companies chosen.

Other head-to-head pages

Cost per lot is the typical EUR/USD spread in busy hours × $10, plus any round-turn commission, for one standard lot. “Not yet checked” means we have not confirmed that fact yet. This page compares facts; it does not rank the brokers or recommend either. Confirm costs and licences on each broker’s site and the regulator’s public register before opening an account: see how we review brokers and check a broker yourself.

Nothing on this page is financial advice. Read the full disclaimer.

BrokerCut on Telegram

Get the latest forex news and market analysis.

Join the channel