Compare HYCM vs easyMarkets
What is HYCM? What is easyMarkets?
HYCM is a forex and CFD broker that offers trading on various platforms, including MT4 and MT5. HYCM has been in the industry since 1977 and is regulated by multiple authorities, such as the FCA, CySEC, DFSA, and CIMA.
easyMarkets is also a forex and CFD broker that offers trading on MT4, MT5, easyMarkets Platform, and TradingView. easyMarkets was established in 2001 and is regulated by the CySEC, ASIC, FSA, and FSC.
HYCM vs easyMarkets Regulation Comparison
HYCM has more tier-1 licenses than easyMarkets, as it is authorized by the FCA in the U.K. and the SFC in Hong Kong, while easyMarkets is not. Both brokers have a license from the CySEC in Cyprus, which is a tier-2 regulator. HYCM also has a license from the DFSA in Dubai, which is another tier-2 regulator. easyMarkets has licenses from the ASIC in Australia, the FSA in Seychelles, and the FSC in the British Virgin Islands, which are all tier-3 regulators. HYCM has a license from the CIMA in the Cayman Islands, which is also a tier-3 regulator.
HYCM vs easyMarkets Trading Assets Comparison
easyMarkets offers more trading assets than HYCM, with 275+ markets to trade compared to HYCM’s 300+ markets on MT5 and 80+ markets on MT4. easyMarkets offers forex, indices, energy, metals, cryptocurrencies, stocks, soft commodities, and options. HYCM offers forex, indices, energy, metals, cryptocurrencies, stocks, and soft commodities. On the MT4 Classic and Raw accounts, HYCM only offers forex and precious metals.
HYCM vs easyMarkets Trading Fees Comparison
Both brokers offer fixed spreads on their platforms, but HYCM also offers variable spreads on its MT5 platform. easyMarkets does not charge commissions on any of its accounts, while HYCM charges commissions on its Raw account. The minimum spread for easyMarkets is 0.7 pips on its Standard account and 0.5 pips on its VIP account. The minimum spread for HYCM is 1.8 pips on its Fixed account and 0.2 pips on its Raw account (plus a commission of $4 per lot). Both brokers offer free guaranteed stop loss and negative balance protection.
HYCM vs easyMarkets Account Types Comparison
easyMarkets offers three account types: Standard, Premium, and VIP. The minimum deposit for the Standard account is $25, for the Premium account is $2000, and for the VIP account is $10,000. Each ascending account type offers lower minimum spreads and higher leverage (up to 1:400). All account types provide a personal account manager, 24/5 phone and live chat support, and trading insights. The easyMarkets Platform also offers dealCancellation, InsideViewer, and Freeze Rate features.
HYCM offers four account types: Fixed, Classic, Raw, and VIP. The minimum deposit for the Fixed and Classic accounts is $100, for the Raw account is $200, and for the VIP account is $10,000. The Fixed account has fixed spreads from 1.8 pips and no commissions. The Classic account has variable spreads from 1.2 pips and no commissions. The Raw account has variable spreads from 0.2 pips and a commission of $4 per lot. The VIP account has lower spreads for the Fixed account and a dedicated account manager and market analysis service. All account types offer leverage up to 1:325 (except for U.K. clients) and allow hedging.
HYCM vs easyMarkets Deposit Options Comparison
Both brokers offer various payment methods for depositing and withdrawing funds from their accounts. HYCM accepts WebMoney, Skrill, wire transfer, credit/debit cards, Neteller, Perfect Money, and crypto as payment options. easyMarkets accepts WebMoney, Skrill, wire transfer, credit/debit cards, Neteller, UnionPay, BPAY, iDEAL, SOFORT, FasaPay, crypto (Litecoin, Ethereum), Crypto Cash (Bitcoin), Tether (USDT), and AstroPay as payment options.
HYCM vs easyMarkets Trading Platforms Comparison
Both brokers provide MT4 and MT5 as their trading platforms, which are popular among traders for their advanced features and automated trading capabilities with expert advisors (EAs).
However, easyMarkets also offers two additional platforms: the easyMarkets Platform and TradingView. The easyMarkets Platform is a web-based platform that has a simple and user-friendly interface with innovative tools such as dealCancellation (which allows traders to undo a losing trade within an hour), InsideViewer (which shows the sentiment and direction of other traders), and Freeze Rate (which allows traders to pause the price for a few seconds and execute the trade at the frozen rate). TradingView is a social trading platform that has advanced charting and analytics tools, as well as a large community of traders who share their ideas and strategies.
HYCM vs easyMarkets Analytical Tools Comparison
Both brokers offer various analytical tools to help traders with their trading decisions. HYCM offers a Trading Central plug-in, which provides technical analysis, market commentary, and trading signals. HYCM also has an economic calendar, forex calculators, news, market outlook, forex education, webinars, and seminars on its website.
easyMarkets offers trading insights, which provide daily market analysis, news, and commentary. easyMarkets also has an economic calendar, news, market explorer, financial indicators, trading charts, and trading signals on its website.
HYCM vs easyMarkets. 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 preferences, needs, and goals. However, you can consider some of the following factors to help you make your decision:
- Regulation: If you value the security and credibility of your broker, you may prefer HYCM over easyMarkets, as HYCM has more tier-1 licenses and is regulated by more reputable authorities. However, both brokers are regulated by the CySEC, which is a common and respected regulator in the forex industry.
- Trading Assets: If you want to diversify your portfolio and trade a wide range of markets, you may prefer easyMarkets over HYCM, as easyMarkets offers more trading assets than HYCM, including options. However, both brokers offer forex, indices, energy, metals, cryptocurrencies, stocks, and soft commodities.
- Trading Fees: If you want to save on trading costs and enjoy low spreads and commissions, you may prefer easyMarkets over HYCM, as easyMarkets does not charge any commissions on any of its accounts and has lower minimum spreads than HYCM. However, both brokers offer free guaranteed stop loss and negative balance protection.
- Account Types: If you want to have more flexibility and options in choosing your account type, you may prefer HYCM over easyMarkets, as HYCM offers four account types with different spreads and commissions. However, both brokers offer VIP accounts with lower spreads and dedicated account managers.
- Deposit and Withdrawal Options: If you want to have more convenience and variety in depositing and withdrawing funds from your account, you may prefer easyMarkets over HYCM, as easyMarkets accepts more payment methods than HYCM, including crypto and Tether. However, both brokers accept WebMoney, Skrill, wire transfer, credit/debit cards, and Neteller.
- Trading Platforms: If you want to have more choice and innovation in your trading platform, you may prefer easyMarkets over HYCM, as easyMarkets offers two additional platforms: the easyMarkets Platform and TradingView. The easyMarkets Platform has unique features such as dealCancellation, InsideViewer, and Freeze Rate. TradingView is a social trading platform with advanced charting and analytics tools. However, both brokers provide MT4 and MT5 as their trading platforms.
- Analytical Tools: If you want to have more support and guidance in your trading decisions, you may prefer either broker depending on your preference. HYCM offers a Trading Central plug-in, which provides technical analysis, market commentary, and trading signals. easyMarkets offers trading insights, which provide daily market analysis, news, and commentary. Both brokers offer an economic calendar, news, market explorer, financial indicators, trading charts, and trading signals on their website.
