Compare forex brokers HYCM VS Fxtm

If you're choosing between HYCM and Fxtm forex brokers, we've compared hundreds of data points side-by-side to make finding the right broker for you easier. Is HYCM better than Fxtm? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.

HYCM VS FXTM

FXTM
FXTM Overview

At onlineforextrading.net we have readers-first policy. Thus, we always put our readers' safety as a priority in our business line. We will never just satisfy ourselves with Brokers' public information, however, go in-depth. Often we will also open live and demo accounts and test brokers directly! For the above mentioned, we stand on our toes checking all the ins and outs in a broker’s business history, biography and reputation. The very same standards apply in case of this FXTM broker review.

The FXTM brand was launched in 2011, with a unique vision to provide unparalleled trading conditions and all-encompassing educational tools for clients in the forex industry.

In the course of just a few years, FXTM has firmly established itself as a global broker; basing its entire philosophy around the most precious commodity of all: time. By valuing the time of its clients, business partners, and team of dedicated professionals, FXTM ensures that its trading and investment products and services are efficient, effective, and reliable.

HYCM
HYCM Overview

At onlineforextrading.net we have readers-first policy. Thus, we always put our readers' safety as a priority in our business line. We will never just satisfy ourselves with Brokers' public information, however, go in-depth. Often we will also open live and demo accounts and test brokers directly! For the above mentioned, we stand on our toes checking all the ins and outs in a broker’s business history, biography and reputation. The very same standards apply in case of this HYCM broker review.

HYCM is online trading division of Henyep Capital Markets, which is a major investment company established in 1977. The company’s headquarters are located in London, United Kingdom. The Henyep Capital Markets activities are regulated by such financial regulators as FCA, MiFID, DFSA and SFC. Besides Forex the company offers trading such financial instruments as energies (oil/gas), metals, commodities, stocks, equities, indices and many more, all the available trading tools can be used from the same trading account.

# Broker's Features HYCM Availability FXTM Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will compare HYCM vs Fxtm.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. HYCM offers Online Financial Trading and Investment Services Such as Oil/Gas, Commodities, Stocks, Indexes, Bitcoin, Et, while Fxtm offers Bitcoin, Forex, CFDs, CFDs on Bitcoin, CFDS on Spo.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. HYCM is Broker, while Fxtm is Broker, ECN.

Minimum Deposit Requirement: To compare these two FX brokers, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. HYCM recommended minimum capital is 100, while Fxtm has a Minimum Deposit Requirement of 10.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. HYCM is regulated by CySEC, FCA, MiFID, DFSA, SFC, while Fxtm regulated by CySEC, FCA, IFSC. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Account currencies: Next lets consider the Account currencies each broker offers. HYCM offers EUR, USD, GBP, AED, RUB, KWD different account currencies for each account types, while Fxtm offers EUR, USD, GBP, NGN account currencies.

Languages Available: Next lets have a look at each broker's different Language options. HYCM offers English, Chinese, Russian, Arabic, Indian, while Fxtm offers English, Russian, over 18 languages supported Customer Support Languages.

Payment methods: Next lets have a look at each broker's payment options. HYCM offers Credit Card, PayPal, Wire Transfer, WebMoney, Bitc different payment methods for each account types, while Fxtm offers Credit Cards, Wire Transfer, PayPal, Bitcoin payment methods.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, HYCM makes MetaTrader4/Mobile available to clients, while Fxtm offers MetaTrader4/5, MT4 MultiTerminal, WebTrader.

The Verdict: HYCM or Fxtm?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, Fxtm is more reliable based on our criteria above. Only Fxtm offers demo account, allowing you to test their platform to see which is suitable for you. Fxtm has a wider range of instruments to trade giving you the flexibility to get access and exposure to a wide range of markets. Fxtm offers a wider range of platforms making it easier for the traders to choose one that matches their needs most.

Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.