Axi is a forex broker that was established in 2007 and is regulated by ASIC (Australia), FCA (United Kingdom), DFSA (United Arab Emirates) and FSCL (New Zealand). It offers trading on over 175 instruments, including forex, CFDs, indices, commodities, metals and cryptocurrencies. It supports MetaTrader 4 platform with variable spreads, low commissions and high leverage. It also provides educational resources, market analysis and customer support.
HYCM is a forex broker that was established in 1977 and is regulated by FCA (United Kingdom), CySEC (Cyprus), DFSA (United Arab Emirates), CIMA (Cayman Islands) and FSA (St. Vincent & the Grenadines). It offers trading on over 1199 instruments, including forex, CFDs, indices, commodities, metals, cryptocurrencies and stocks. It supports MetaTrader 4 and MetaTrader 5 platforms with fixed spreads, low commissions and moderate leverage. It also provides social trading, research tools, free education and customer support.
Axi vs HYCM Regulation Comparison
Regulator
Axi
HYCM
Tier-1 Licenses (High Trust)
Australia (ASIC), United Kingdom (FCA), United Arab Emirates (DFSA)
United Kingdom (FCA), United Arab Emirates (DFSA)
Tier-2 Licenses (Average Trust)
New Zealand (FSCL)
Cyprus (CySEC), Cayman Islands (CIMA)
Tier-3 Licenses (Low Trust)
None
St. Vincent & the Grenadines (FSA)
Axi vs HYCM Trading Assets Comparison
Trading Asset
Axi
HYCM
Forex Pairs (Total)
65
70
Cryptocurrency (CFD)
Yes
Yes
Stocks
No
Yes
Indices
Yes
Yes
Commodities
Yes
Yes
Metals
Yes
Yes
Energies
Yes
Yes
Futures
No
Yes
ETFs
No
No
Options
No
No
Axi vs HYCM Trading Fees Comparison
Trading Fee
Axi
HYCM
Spread Type
Variable
Fixed
Average EUR/USD Spread
0.4 pips
1.8 pips
Commissions per Lot
$7 ($3.5 per side)
$4 ($2 per side)
Axi vs HYCM Account Types Comparison
Account Type
Axi
HYCM
Minimum Deposit
$1
$100
Maximum Leverage
1:500
1:325
Minimum Position Size
0.01 lot
0.01 lot
Trading Platforms
MetaTrader 4
MetaTrader 4, MetaTrader 5
Additional Features
None
Social trading, analytical tools
Axi vs HYCM Deposit Options Comparison
Deposit/Withdrawal Option
Axi
HYCM
Credit/Debit Cards
Yes
Yes
Wire Transfer
Yes
Yes
Skrill
Yes
Yes
Neteller
Yes
Yes
WebMoney
No
Yes
Perfect Money
No
Yes
Crypto
No
Yes
BPAY
Yes
No
Axi vs HYCM Trading Platforms Comparison
Trading Platform
Axi
HYCM
MetaTrader 4 (MT4)
Yes (Limited with 30 days)
Yes
MetaTrader 5 (MT5)
No
Yes
One-Click Trading
Yes
Yes
Trailing Stop
Yes
Yes
Pending Orders
Yes
Yes
Axi vs HYCM Analytical Tools Comparison
Both brokers offer basic analytical tools through their MT4 platforms, such as economic calendar, market news/analysis, trading signals/indicators, charting tools and trading calculators.
HYCM also offers social trading/copy trading as an additional feature, which allows traders to follow and copy the trades of other successful traders.
Axi does not offer social trading/copy trading as an additional feature.
Axi vs HYCM. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer as to which forex broker is better or which one you should choose, as it depends on your personal preferences, needs and goals. However, here are some possible factors that you can consider:
If you value trust and safety, you may prefer Axi, as it has more tier-1 licenses than HYCM.
If you value diversity and flexibility, you may prefer HYCM, as it has more trading assets and platforms than Axi.
If you value low cost and high leverage, you may prefer Axi, as it has lower spreads and higher leverage than HYCM.
If you value advanced features and social trading, you may prefer HYCM, as it offers MT5 platform and social trading/copy trading feature.
Ultimately, the best way to decide which forex broker is better for you is to try them out yourself. You can open a demo account with each broker and test their services and features before making a final decision.
