Compare forex brokers HYCM VS Xtb

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

HYCM VS XTB

HYCM
HYCM Overview

HYCM are part of the global conglomerate Henyep Group which handle a wide range of financial services. Therefore, investors are guaranteed to be choosing a broker that has a strong pedigree within the industry thanks to their 30 years of experience.

XTB
XTB Overview

XTB is an online brokerage company dealing in FX and CFD, more specifically they offer Forex, Indices, Commodities, Stock CFD’s, ETF CFD’s and even crypto trading. The company was established in 2002, though initially it was referred to as X-Trade.

# Broker's Features HYCM Availability XTB 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 Xtb.

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 Xtb offers Currencies, Commodities, Indices, Stocks, Bonds, Crypto, Futures.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. HYCM is Broker, while Xtb is 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 Xtb has a Minimum Deposit Requirement of 0.

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 Xtb regulated by BaFin, CNMV, 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 Xtb offers EUR, USD, GBP, HUF account currencies.

Languages Available: Next lets have a look at each broker's different Language options. HYCM offers English, Chinese, Russian, Arabic, Indian, while Xtb offers English, Spanish, Arabic, French, Italian, Portugu 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 Xtb offers Credit Card, Neteller, PayPal, Skrill, Wire Transfer payment methods.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, HYCM makes MetaTrader 4/Mobile available to clients, while Xtb offers MetaTrader 4, xStation 5.

The Verdict: HYCM or Xtb?

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

Objectively, Xtb is more reliable based on our criteria above. Only Xtb offers demo account, allowing you to test their platform to see which is suitable for you. Xtb 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. Xtb has a wider range of languages in which customer service is offered making the broker more accessible.

What We Really Like on Xtb

XTB offers a fast deposit and withdrawal, and multiple options to deposit, including credit/debit cards. The account opening is also fast and user-friendly, will be ready within a day. XTB has good research tools, including news flow, market sentiment, and an economic calendar.

What We’d Like More on Xtb

XTB has limited product portfolio, provides mostly CFD and FX, and some stocks and ETFs. Account opening is is quick, but the sales team can be very pushy. 24/7 customer support is also missing.

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.