Compare Admiral Markets vs HYCM
What is Admiral Markets? What is HYCM?
Admiral Markets is an online broker that offers trading in forex, CFDs, stocks, ETFs, futures and options. It was founded in 2001 and is regulated by several authorities, including the UK’s FCA, Australia’s ASIC and Canada’s IIROC.
HYCM is an online broker that offers trading in forex, CFDs, metals, indices, commodities and cryptocurrencies. It was founded in 1977 and is regulated by several authorities, including the UK’s FCA, Hong Kong’s SFC and UAE’s DFSA.
Admiral Markets vs HYCM Regulation Comparison
Both brokers are regulated by the UK’s FCA, which is a tier-1 regulator that provides a high level of trust and protection for traders. However, Admiral Markets has more tier-1 licenses than HYCM, as it is also authorized by Australia’s ASIC and Canada’s IIROC. HYCM has only one other tier-1 license from Hong Kong’s SFC. Both brokers also have some tier-2 licenses from Cyprus and UAE, but HYCM has a tier-3 license from Cayman Islands, which is a low-trust jurisdiction.
Admiral Markets vs HYCM Trading Assets Comparison
Admiral Markets offers a much wider range of trading assets than HYCM, with 6942 tradeable symbols compared to 362. Admiral Markets has 80 forex pairs, while HYCM has 70. Admiral Markets also offers non-CFD trading in U.S. and international stocks, as well as ETFs, futures and options. HYCM only offers CFD trading in stocks, metals, indices, commodities and cryptocurrencies.
Admiral Markets vs HYCM Trading Fees Comparison
Admiral Markets vs HYCM Trading Fees Comparison The trading fees of both brokers depend on the account type, platform and asset class. Admiral Markets has four account types: Trade.MT4, Trade.MT5, Zero.MT4 and Zero.MT5. The Trade accounts have no commission but higher spreads, while the Zero accounts have lower spreads but charge a commission of $3 per lot per side.
HYCM has three account types: Fixed, Classic and Raw. The Fixed account has fixed spreads but no commission, the Classic account has variable spreads but no commission, and the Raw account has tight spreads but charges a commission of $4 per lot per side2. The average spread for EUR/USD on Admiral Markets’ Zero accounts is 0.6 pips, while on HYCM’s Raw account it is 0.2 pips.
Admiral Markets vs HYCM Account Types Comparison
Both brokers have different account types that cater to different trading styles and preferences. Admiral Markets requires a minimum deposit of $100 for all its account types, while HYCM requires $100 for the Fixed account, $200 for the Classic account and $200 for the Raw account.
Both brokers offer leverage up to 1:500 for forex trading, but this may vary depending on the jurisdiction and asset class.
Both brokers also offer Islamic accounts that are compliant with Sharia law and do not charge or pay interest on overnight positions.
Admiral Markets vs HYCM Deposit Options Comparison
Both brokers offer a variety of deposit and withdrawal options for their clients, including bank wire transfer, credit/debit cards, e-wallets (such as Skrill, Neteller and PayPal) and local payment methods (such as Sofort, iDeal and Przelewy24). However, some options may not be available in certain countries or regions. Both brokers do not charge any fees for deposits or withdrawals, but some third-party providers may impose fees or commissions. The processing time for deposits and withdrawals may vary depending on the method used, but generally it takes between one to five business days.
Admiral Markets vs HYCM Trading Platforms Comparison
Both brokers offer the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms as their main trading platforms. These platforms are widely used by traders around the world for their advanced features, such as charting tools, technical indicators, automated trading systems (Expert Advisors), market news and analysis. Both brokers also provide web-based versions of these platforms that can be accessed from any browser without downloading or installing any software. In addition to MT4 and MT5, Admiral Markets also offers its own proprietary platform called MetaTrader Supreme Edition, which is an add-on that enhances the functionality and performance of the MetaTrader platforms. It provides features such as a mini terminal, a trade terminal, a sentiment trader, a correlation matrix, a tick chart trader and more.
Admiral Markets vs HYCM Analytical Tools Comparison
Both brokers provide various analytical tools and resources for their clients to help them make informed trading decisions. These include market news, economic calendars, trading signals, webinars, tutorials, articles, videos and more. However, Admiral Markets seems to have a more comprehensive and diverse range of analytical tools than HYCM. For example, Admiral Markets offers a premium analytics service that provides exclusive access to market data and analysis from Trading Central, Acuity and Dow Jones Newswires. It also offers a volatility protection service that helps traders manage the risk of market volatility by adjusting their order execution settings. HYCM does not offer these services, but it does provide some useful tools such as an autochartist tool that scans the market for trading opportunities based on technical patterns and indicators.
Admiral Markets vs HYCM. Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, goals, risk appetite and trading style. However, it can be seen that Admiral Markets and HYCM have some advantages and disadvantages compared to each other. For example, Admiral Markets has more trading assets, more tier 1 licenses, exclusive platforms and premium analysis services, while HYCM has lower spreads, tier 3 licenses, setup tools Automated charts and crypto offers. You should consider these factors and decide which one better suits your needs and expectations. You can also try out their demo account to test their platform and services before opening a real account. In the end, the choice is yours.
