Compare HYCM vs ActivTrades
What is HYCM? What is ActivTrades?
HYCM is an online broker with authorization from four international bodies including the FCA and CySEC. The broker offers CFD trading on forex, shares, commodities, indices, ETFs and Bitcoin, and supports the MT4 and MT5 platforms, as well as Trading Central analysis.
ActivTrades is a UK-headquartered CFD and forex broker established in 2001. The brokerage is heavily regulated with licenses from the FCA, SCB, CSSF, BACEN & CVM and CMVM. Over 1000 CFDs are available spanning 7 asset classes. ActivTrades also offers a selection of leading trading platforms, including MT4, MT5, TradingView and ActivTrader platforms.
Best Forex Brokers Ranking
| Rank | Broker | Review | Open Account | Bonus | Platform | Minimum Deposit | ECN |
|---|---|---|---|---|---|---|---|
| 1 | Exness |  | Open Exness account | 16$/lot | MT4, MT5, Exness, ... | 1$ | 10$ |
| 2 | IC Markets | | Open IC Markets account | - | MT4, MT5, cTrader | 200$ | 200$ |
| 3 | XM | | Open XM account | 30$ | MT4, MT5 | 5$ | - |
| 4 | XTB | | Open XTB account | 2000$ | MT4, xStation 5 | 1$ | 1$ |
| 5 | FBS | | Open FBS account | 140$ | MT4, MT5, FBS Trader | 1$ | 1000$ |
HYCM vs ActivTrades Regulation Comparison
HYCM is regulated by the FCA (United Kingdom), CySEC (Cyprus), DFSA (United Arab Emirates), CIMA (Cayman Islands) and FSA (St. Vincent & the Grenadines).
ActivTrades is regulated by the FCA (United Kingdom), SCB (Bahamas), CSSF (Luxembourg), BACEN & CVM (Brazil) and CMVM (Portugal)2. Both brokers are overseen by strong regulators and offer enhanced segregation of client funds.
HYCM vs ActivTrades Trading Assets Comparison
HYCM vs ActivTrades Trading Assets Comparison: HYCM offers trading on forex, CFDs, commodities, shares, indices, ETFs and Bitcoin. ActivTrades offers trading on forex, CFDs, indices, shares, commodities, ETFs and cryptos. Both brokers have a decent range of assets, but ActivTrades has more variety in terms of cryptocurrencies.
HYCM vs ActivTrades Trading Fees Comparison
HYCM offers fixed spreads starting from 1.8 pips on the Classic account and variable spreads starting from 0.2 pips on the Raw account. The Raw account also charges a commission of $4 per round turn.
ActivTrades offers variable spreads starting from 0.5 pips on forex CFDs and does not charge any commission. Both brokers have competitive pricing, but ActivTrades has lower spreads on average.
HYCM vs ActivTrades Account Types Comparison
HYCM offers two main account types: Classic and Raw. The Classic account has a minimum deposit of $100 and the Raw account has a minimum deposit of $200. Both accounts have a maximum leverage of 1:325.
ActivTrades offers one standard account type with a minimum deposit of $10 and a maximum leverage of 1:400. Both brokers also offer demo accounts and Islamic accounts.
HYCM vs ActivTrades Deposit Options Comparison
HYCM accepts payments via WebMoney, Skrill, Wire transfer, Credit / debit cards, Neteller, Perfect Money and Crypto. ActivTrades accepts payments via Credit/debit cards, Neteller, PayPal, Skrill, SOFORT and Wire transfer. Both brokers offer fee-free payments with rapid withdrawal processing.
HYCM vs ActivTrades Trading Platforms Comparison
HYCM supports the MT4 and MT5 platforms and apps for desktop and mobile devices. ActivTrades supports the MT4, MT5, TradingView and ActivTrader platforms for web, desktop and mobile devices. Both brokers offer popular and user-friendly trading platforms with advanced features.
HYCM vs ActivTrades Analytical Tools Comparison
HYCM provides free analytical tools such as Seasonax for pattern analysis, Trading Central for market insights and signals, Autochartist for technical analysis and VPS for automated trading.
ActivTrades provides free analytical tools such as Smart Order 2 for order management, Smart Forecast for market trends and volatility analysis, Smart Pattern for chart pattern recognition and VPS for automated trading. Both brokers offer high-quality analytical tools to enhance their clients’ trading performance.
HYCM vs ActivTrades. 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. It depends on your personal preferences, trading style, goals and risk appetite. However, here are some pros and cons of each broker to help you make an informed decision.
HYCM Pros:
- Regulated by four international bodies, including the FCA and CySEC
- Offers fixed and variable spreads with competitive pricing
- Supports the MT4 and MT5 platforms with advanced features
- Provides free analytical tools such as Seasonax, Trading Central and Autochartist
HYCM Cons:
- Has a higher minimum deposit requirement than ActivTrades ($100 vs $10)
- Has a lower maximum leverage than ActivTrades (1:325 vs 1:400)
- Does not offer PayPal as a payment option
- Has fewer cryptocurrencies available than ActivTrades
ActivTrades Pros:
- Regulated by five international bodies, including the FCA and SCB
- Offers variable spreads with low average values
- Supports the MT4, MT5, TradingView and ActivTrader platforms with diverse features
- Provides free analytical tools such as Smart Order 2, Smart Forecast and Smart Pattern
ActivTrades Cons:
- Does not offer fixed spreads for traders who prefer stability
- Does not offer commission-free trading for traders who prefer transparency
- Does not offer Perfect Money or Crypto as payment options
- Has fewer shares available than HYCM
