Compare FreshForex vs HYCM
What is FreshForex? What is HYCM ?
FreshForex is a brand that provides access to online trading for clients from more than 200 countries all over the world. The company’s partners are the licensed European liquidity providers, banks, payment aggregators and systems with which the company has been cooperating for more than 18 years.
HYCM is a trading name of Henyep Capital Markets (UK) Limited, HYCM (Europe) Ltd, HYCM Ltd, Henyep Capital Markets (DIFC) Ltd and HYCM Limited, all individual entities under Henyep Capital Markets Group, a global corporation founded in 1977.
FreshForex vs HYCM Regulation Comparison
FreshForex is regulated by the Financial Services Authority (FSA) of Saint Vincent and the Grenadines under license number 20623 IBC 2012.HYCM is regulated by multiple authorities, including the Financial Conduct Authority (FCA) of the UK under license number 186171, the Cyprus Securities and Exchange Commission (CySEC) under license number 259/14, the Dubai Financial Services Authority (DFSA) under license number F000048, and the Cayman Islands Monetary Authority (CIMA) under license number 1442313.
FreshForex vs HYCM Trading Assets Comparison
FreshForex offers over 130 trading instruments, including Forex, CFDs on metals, energies, indices, stocks and cryptocurrencies.
HYCM offers over 300 trading instruments, including Forex, CFDs on metals, energies, indices, stocks and cryptocurrencies.
FreshForex vs HYCM Trading Fees Comparison
FreshForex has three types of accounts: Classic, Market Pro and ECN. The Classic account has fixed spreads from 2 pips and no commission. The Market Pro account has variable spreads from 0.9 pips and no commission. The ECN account has raw spreads from 0 pips and a commission of $6 per lot round turn.
HYCM has three types of accounts: Fixed, Classic and Raw. The Fixed account has fixed spreads from 1.8 pips and no commission. The Classic account has variable spreads from 1.2 pips and no commission. The Raw account has raw spreads from 0.2 pips and a commission of $4 per lot round turn.
FreshForex vs HYCM Account Types Comparison
FreshForex has a minimum deposit requirement of $100 for all account types. The maximum leverage is 1:2000 for Classic and Market Pro accounts, and 1:500 for ECN accounts.
HYCM has a minimum deposit requirement of $100 for Fixed and Classic accounts, and $200 for Raw accounts. The maximum leverage is 1:500 for Fixed and Classic accounts, and 1:200 for Raw accounts.
FreshForex vs HYCM Deposit Options Comparison
FreshForex supports various deposit and withdrawal methods, such as bank wire transfer, credit/debit cards, e-wallets (Neteller, Skrill, WebMoney, FasaPay), cryptocurrencies (Bitcoin, Ethereum) and local payment systems (Perfect Money, QIWI Wallet). The company does not charge any fees for deposits or withdrawals.
HYCM supports various deposit and withdrawal methods, such as bank wire transfer, credit/debit cards, e-wallets (Neteller, Skrill), cryptocurrencies (Bitcoin) and local payment systems (WebMoney). The company does not charge any fees for deposits or withdrawals.
FreshForex vs HYCM Trading Platforms Comparison
FreshForex and HYCM both offers the MetaTrader 4 platform as its main trading platform. It is available in desktop, web and mobile versions. The platform features advanced technical analysis tools, flexible trading systems, expert advisors and mobile trading apps.
FreshForex vs HYCM Analytical Tools Comparison
FreshForex and HYCM both provides various analytical tools to its clients, such as market news, economic calendar, trading signals, technical analysis indicators, forex calculators and forex encyclopedia.
FreshForex vs HYCM . Which forex broker is better? Which forex broker should you choose?
Choosing the right broker depends on your personal preferences, trading goals and risk appetite. However, you can refer to some general advice on how to compare forex brokers and what factors to consider before opening an account.
Some of the factors that you may want to compare are:
- Regulation and reputation: You should choose a broker that is regulated by a reputable authority and has a good track record of providing fair and transparent services to its clients. You can check the regulation status and customer reviews of a broker on various websites and forums.
- Trading conditions: You should compare the trading costs, spreads, commissions, leverage, margin requirements, execution speed and quality, slippage and requotes of different brokers. You should also check the availability and variety of trading instruments, account types, deposit and withdrawal methods and fees, and customer support.
- Trading platforms and tools: You should choose a broker that offers a user-friendly, reliable and secure trading platform that suits your trading style and needs. You should also check the features and functionalities of the platform, such as technical analysis tools, charting options, indicators, expert advisors, trading signals, news feeds, economic calendar and more.
- Trading education and resources: You should choose a broker that provides you with adequate trading education and resources to help you improve your skills and knowledge. You should look for a broker that offers free webinars, seminars, tutorials, guides, articles, videos, ebooks and more on various topics related to forex trading.
Ultimately, the best way to compare forex brokers is to test them out for yourself by opening a demo account or a small real account and trying out their services. This way, you can get a first-hand experience of how they operate and whether they live up to your expectations. You can also contact their customer support and ask them any questions you may have.
