Compare forex brokers ProfitiX VS Hycm

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

PROFITIX VS HYCM

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.

ProfitiX
ProfitiX 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 ProfitiX broker review.

ProfitiX is a financial services and brokerage company providing top-quality trading conditions and services, with ultra-fast execution on the MetaTrader5 platform, fund security, and a wide-ranging choice of trading instruments.

They offer high quality brokerage services that go with the usage of their trading platform and instruments, paving the way for opportunities to benefit from market price movements and price differences, fully complemented with technical tools as well as assistance and customer support.

# Broker's Features PROFITIX Availability HYCM 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 ProfitiX vs Hycm.

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. ProfitiX offers Online Financial Trading and Investment Services Such as Currency Trading, Commodities Trading, Shares Trad, while Hycm offers Oil/Gas, Commodities, Stocks, Indexes, Bitcoin, Et.

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

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. ProfitiX recommended minimum capital is 250, while Hycm 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. ProfitiX is regulated by N/A, while Hycm regulated by CySEC, FCA, MiFID, DFSA, SFC. 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. ProfitiX offers USD, EUR, GBP different account currencies for each account types, while Hycm offers EUR, USD, GBP, AED, RUB, KWD account currencies.

Languages Available: Next lets have a look at each broker's different Language options. ProfitiX offers English, Deutsch, while Hycm offers English, Chinese, Russian, Arabic, Indian Customer Support Languages.

Payment methods: Next lets have a look at each broker's payment options. ProfitiX offers MasterCard, Visa, Wire Transfer different payment methods for each account types, while Hycm offers Credit Card, PayPal, Wire Transfer, WebMoney, Bitc payment methods.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, ProfitiX makes MetaTrader 5, MT5 for Android/iOS, MT5 WebTrader available to clients, while Hycm offers MetaTrader4/Mobile.

The Verdict: ProfitiX or Hycm?

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

Objectively, Hycm is more reliable based on our criteria above. Regulations play a huge role in protecting the traders/investors interest as they compel the financial service providers such as forex brokers to act in a fair and ethical manner. Hycm broker is regulated in more major hubs. Hycm offers a wider range of Account currencies. Why does base currencies matter? Because if you fund your account in the same currency as your bank account, currency conversion fees won't be charged. 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. Hycm has a wider range of languages in which customer service is offered making the broker more accessible. Only Hycm provides training and education resources which is extremely critical to beginner traders who may not be familiar with most of what goes on in the Forex markets.

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.