Compare Amega vs HYCM
What is Amega? What is HYCM?
Amega is a forex broker that was established in 2018 and is regulated by the Financial Services Commission (FSC) of Mauritius and the Financial Services Authority (FSA) of St. Vincent and the Grenadines. Amega offers trading on various instruments, such as forex, metals, energies, indices, and cryptocurrencies, with low spreads and high leverage.
HYCM is a forex broker that has over 40 years of experience and is regulated by multiple authorities, such as the Financial Conduct Authority (FCA) of the UK, the Cyprus Securities and Exchange Commission (CySEC), the Dubai Financial Services Authority (DFSA), and the Cayman Islands Monetary Authority (CIMA). HYCM offers trading on forex, stocks, indices, commodities, and cryptocurrencies, with competitive pricing and various trading tools.
Amega vs HYCM Regulation Comparison
Both brokers are regulated by reputable authorities that ensure the safety and security of their clients’ funds and transactions. However, HYCM has more licenses than Amega, which means it can operate in more jurisdictions and offer more protection to its clients. For example, HYCM is authorized to provide financial services in the European Economic Area (EEA) under the MiFID II directive, while Amega is not.
Amega vs HYCM Trading Assets Comparison
Both brokers offer a wide range of trading assets, but there are some differences in their offerings. For example, Amega offers more currency pairs than HYCM, with over 100 pairs available, while HYCM offers around 60 pairs. On the other hand, HYCM offers more stock CFDs than Amega, with over 100 stocks from various markets, while Amega only offers around 20 stocks from the US market. Moreover, HYCM offers some trading instruments that Amega does not, such as spread betting, futures, ETFs, options, bonds, and binary options.
Amega vs HYCM Trading Fees Comparison
Both brokers charge fees for their services, but they have different fee structures and rates. For example, Amega charges commissions for its ECN accounts, which start from $2 per lot round turn, while HYCM charges commissions for its Raw accounts, which start from $4 per lot round turn.
However, Amega also charges swap fees for holding positions overnight, while HYCM does not charge swap fees for its Islamic accounts. Moreover, both brokers charge deposit and withdrawal fees for some payment methods, such as credit cards and wire transfers.
Amega vs HYCM Account Types Comparison
Both brokers offer different types of accounts to suit different trading styles and preferences. For example, Amega offers four types of accounts: Mini, Standard, Premium, and Scalper. The Mini account is suitable for beginners who want to trade with a low minimum deposit of $1 and fixed spreads from 3 pips. The Standard account is suitable for experienced traders who want to trade with variable spreads from 0.5 pips and leverage up to 1:1000. The Premium account is suitable for professional traders who want to trade with ECN execution and commissions from $2 per lot. The Scalper account is suitable for traders who use scalping strategies and want to trade with ECN execution and commissions from $1 per lot.
HYCM offers three types of accounts: Fixed, Classic, and Raw. The Fixed account is suitable for beginners who want to trade with a low minimum deposit of $100 and fixed spreads from 1.8 pips. The Classic account is suitable for experienced traders who want to trade with variable spreads from 1.2 pips and leverage up to 1:200. The Raw account is suitable for professional traders who want to trade with ECN execution and commissions from $4 per lot.
Amega vs HYCM Deposit Options Comparison
Both brokers offer various deposit and withdrawal options to their clients, but they have different processing times and fees. For example, Amega offers more than 200 payment methods, such as credit cards, e-wallets, crypto wallets, bank transfers, and local payment systems. Most of these methods are processed instantly and without fees by Amega. However, some methods may incur fees by the payment providers or banks involved in the transactions.
HYCM offers fewer payment methods, such as credit cards, e-wallets, bank transfers, and crypto wallets. Most of these methods are processed within one business day and without fees by HYCM. However, some methods may incur fees by the payment providers or banks involved in the transactions.
Amega vs HYCM Trading Platforms Comparison
Both brokers offer the same trading platforms, which are MetaTrader 4 and MetaTrader 5. These platforms are popular and reliable among traders, as they offer advanced trading features, such as charting tools, indicators, expert advisors, and automated trading. Moreover, both brokers offer mobile versions of these platforms, which allow traders to access their accounts and trade from anywhere and anytime.
Amega vs HYCM Analytical Tools Comparison
Both brokers offer some analytical tools to help their clients with their trading decisions, but they have different types and sources of these tools. For example, Amega offers an economic calendar, a market news section, a trading calculator, and a forex education section on its website. These tools provide useful information and insights about the market events, trends, and strategies. However, Amega does not offer any third-party tools or services to its clients.
HYCM offers an economic calendar, a market news section, a trading calculator, a forex education section, and a blog on its website. These tools provide useful information and insights about the market events, trends, and strategies. Moreover, HYCM also offers third-party tools and services to its clients, such as Trading Central, which provides technical analysis, signals, and reports on various instruments.
Amega vs HYCM. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer to which forex broker is better or which one you should choose, as different brokers may suit different traders depending on their trading goals, preferences, and strategies. However, you can consider some factors that may help you make an informed decision. For example:
- If you are looking for a broker that has more regulatory licenses and can operate in more jurisdictions, you may prefer HYCM over Amega.
- If you are looking for a broker that offers more currency pairs and lower commissions, you may prefer Amega over HYCM.
- If you are looking for a broker that offers more stock CFDs and other trading instruments, such as spread betting and futures, you may prefer HYCM over Amega.
- If you are looking for a broker that offers more payment methods and faster processing times, you may prefer Amega over HYCM.
- If you are looking for a broker that offers third-party tools and services, such as Trading Central, you may prefer HYCM over Amega.
Ultimately, the choice of a forex broker depends on your personal needs and preferences. You may want to try out the demo accounts of both brokers to test their trading platforms and conditions before opening a live account with them. You may also want to read some reviews and feedback from other traders who have used these brokers to get a better idea of their pros and cons.
