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Data refreshed 25 Aug 2026 · Compiled by David Ispiryan
Trust rank #8 · Founded 2007
eToro is a well‐regarded forex broker and multi‐asset platform offering broad access to currency markets via web and mobile trading. It provides social trading features, research, and education within an integrated interface…
Read the eToro reviewTrust rank #30 · Editorial rating 8.7 / 10 · Founded 1977
HYCM is a well-regarded forex and CFD broker offering access to a broad range of currency pairs and other markets on MetaTrader platforms. It provides flexible account types, education and research resources,…
Read the HYCM revieweToro (Israel, founded 2007) holds 3 regulatory licences (ASIC, CySEC, FCA), 2 of them tier-1, offers Proprietary and sits in our low-fee bracket. HYCM (United Kingdom, founded 1977) holds 4 regulatory licences (CIMA, CySEC, DFSA, FCA), 1 of them tier-1, offers MT4, MT5 and sits in our medium-fee bracket. The two overlap in 194 countries; eToro is available in 23 countries where HYCM is not, and HYCM in 11 where eToro is not.
Scored on 8 measurable dimensions where both brokers have verified data. Dimensions missing for either side are excluded rather than guessed. This is a data summary, not a recommendation.
| Criteria | eToro | HYCM |
|---|---|---|
| Editorial rating | Not verified | 8.7 / 10 |
| Trust rank | #8 | #30 |
| Founded | 2007 | 1977 |
| Headquarters | Israel | United Kingdom |
| Regulators | ASIC, CySEC, FCA | CIMA, CySEC, DFSA, FCA |
| Broker type | Market Maker | Market Maker, STP |
| Platforms | Proprietary | MT4, MT5 |
| Instruments | Commodities, Cryptocurrencies, Forex, Indices, Metals | Commodities, Cryptocurrencies, Forex, Indices, Metals |
| Countries accepted | 217 countries | 205 countries |
| Fee level | Low | Medium |
| Trading types | CFD Trading | CFD Trading, Spot Trading |
| Best-for use cases | Copy Trading, Professional Trading, Retail Trading | Professional Trading, Retail Trading |
Highlighted cells mark the stronger value where a direction is objectively better (e.g. more licences, lower fees). "Not verified" means the field is not yet in our catalogue for that broker — we never fill gaps with estimates.
Available at both (194): Algeria, Andorra, Angola, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Belize, Benin, Bermuda, Bhutan, Bolivia, Bonaire, Bosnia and Herzegovina, Botswana, Brazil, Brunei, Bulgaria, Burundi, Cabo Verde, Cameroon, Chad, Chile, Christmas Island, Cocos (Keeling) Islands, Colombia, Comoros, Cook Islands, Costa Rica, Croatia, Curaçao, Czechia, Côte d'Ivoire and 154 more.
Only eToro (23): Albania, Barbados, Belgium, Burkina Faso, Cambodia, Canada, Cayman Islands, Cyprus, France, Gibraltar, Haiti, Hong Kong, Jamaica, Mozambique, Panama, Philippines, Portugal, Senegal, South Sudan, Spain, Tanzania, Uganda, United States of America.
Only HYCM (11): American Samoa, Central African Republic, China, Congo, Ethiopia, Guam, Nicaragua, Somalia, Venezuela, Yemen, Zimbabwe.
Availability reflects the countries each broker declares it serves. Local rules change; confirm on the broker's own site before signing up.
HYCM holds more regulatory licences: eToro (ASIC, CySEC, FCA) versus HYCM (CIMA, CySEC, DFSA, FCA). Tier-1 licences: eToro 2, HYCM 1.
eToro offers Proprietary; HYCM offers MT4, MT5.
eToro is in the lower fee bracket (low vs medium) in our catalogue.
HYCM is the older of the two, founded in 1977; eToro was founded in 2007.
They overlap in 194 countries. eToro is additionally available in 23 countries (Albania, Barbados, Belgium, Burkina Faso, Cambodia, Canada and 17 more) and HYCM in 11 countries (American Samoa, Central African Republic, China, Congo, Ethiopia, Guam and 5 more).
Risk warning: CFDs and forex are complex, leveraged instruments and carry a high risk of losing money rapidly. A majority of retail investor accounts lose money when trading CFDs. Nothing on this page is financial advice; verify licence status on the regulator's register before depositing. Full risk disclosure.