Compare forex brokers HYCM VS Tickmill

If you're choosing between HYCM and Tickmill 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 Tickmill? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.

HYCM VS TICKMILL

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.

Tickmill
Tickmill 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 Tickmill broker review.

Tickmill is an award-winning global ECN broker, authorised and regulated in the UK by the Financial Conduct Authority (FCA) and the FSA of Seychelles.

Tickmill offers its retail and institutional clients various trading services with a prime focus on Forex, Stock Indices, Commodities, CFDs and Precious Metals. The Company has distinguished itself among global ECN Forex brokers by providing excellent services with low spreads, some of the industry’s lowest ECN commissions and ultra-fast execution with the state-of-the-art London trading servers located at Equinix LD4 data centre.

# Broker's Features HYCM Availability TICKMILL 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 Tickmill.

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 Tickmill offers Forex, Stock Indices, Commodities, CFDs, Precious.

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

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 Tickmill has a Minimum Deposit Requirement of 100.

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 Tickmill regulated by FCA UK, CySEC, FSA Seychelles. 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 Tickmill offers USD, EUR, GBP, PLN account currencies.

Languages Available: Next lets have a look at each broker's different Language options. HYCM offers English, Chinese, Russian, Arabic, Indian, while Tickmill offers English, Russian, Chinese, Indonesian, Spanish, It 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 Tickmill offers Bank Transfer, Credit Card, Debit Card, Skrill, Ne 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 Tickmill offers MetaTrader 4, Web platform, Mobile platform.

The Verdict: HYCM or Tickmill?

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

Objectively, Tickmill is more reliable based on our criteria above. Only Tickmill offers demo account, allowing you to test their platform to see which is suitable for you. Tickmill has a wider range of instruments to trade giving you the flexibility to get access and exposure to a wide range of markets. Tickmill offers a wider range of platforms making it easier for the traders to choose one that matches their needs most.Customer service in your national language might not be a major concern for traders based in English-speaking countries, but it is a defining requirement for traders from other regions such as Asia and South America. Tickmill has a wider range of languages in which customer service is offered making the broker more accessible.

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.