Compare HYCM vs Globex360
What is HYCM? What is Globex360?
HYCM is a global broker that has been in the investment industry since 1977. It offers trading with forex, stocks, indices, commodities, cryptocurrencies, and ETFs on MetaTrader 4 and MetaTrader 5 platforms.
Globex360 is a South African broker that was launched in 2017. It offers trading with forex, indices, precious metals, energy, and cryptocurrencies on MetaTrader 5 and ParagonEX platforms.
HYCM vs Globex360 Regulation Comparison
HYCM is regulated by four reputable authorities: the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, the Dubai Financial Services Authority (DFSA) in the UAE, and the Cayman Islands Monetary Authority (CIMA) in the Cayman Islands. Globex360 is regulated by only one authority: the Financial Sector Conduct Authority (FSCA) in South Africa.
HYCM vs Globex360 Trading Assets Comparison
HYCM offers more than 1,000 trading instruments, including 70 forex pairs, 100 stocks, 28 indices, 15 commodities, 33 cryptocurrencies, and 21 ETFs. Globex360 offers fewer than 200 trading instruments, including 49 forex pairs, 10 indices, 4 precious metals, 4 energy products, and 6 cryptocurrencies.
HYCM vs Globex360 Trading Fees Comparison
HYCM charges different fees depending on the account type and the trading instrument. It offers fixed spreads starting from 1.8 pips on its Classic account and variable spreads starting from 0.2 pips on its Raw account. It also charges commissions of $4 per round lot on its Raw account and swap fees for overnight positions.
Globex360 charges variable spreads starting from zero pips on its Private Wealth account and commissions of $4 per round lot on all accounts except the Standard account. It also charges swap fees for overnight positions.
HYCM vs Globex360 Account Types Comparison
HYCM offers four types of accounts: Classic, Raw, VIP, and Islamic. The minimum deposit for the Classic and Islamic accounts is $100, for the Raw account is $200, and for the VIP account is $10,000.
Globex360 offers five types of accounts: Standard, Premium, Premium+, Private Wealth, and Islamic. The minimum deposit for the Standard account is $20, for the Premium account is $100, for the Premium+ account is $1,000, for the Private Wealth account is $5,000, and for the Islamic account is $500.
HYCM vs Globex360 Deposit Options Comparison
HYCM supports various deposit and withdrawal methods, including credit/debit cards, wire transfer, Skrill, Neteller, WebMoney, Perfect Money, and crypto wallets. The processing time for deposits is instant for most methods and up to one business day for wire transfer. The processing time for withdrawals is up to one business day for most methods and up to five business days for wire transfer.
Globex360 supports fewer deposit and withdrawal methods, including credit/debit cards, wire transfer, Skrill, Neteller. The processing time for deposits is instant for most methods and up to three business days for wire transfer. The processing time for withdrawals is up to one business day for most methods and up to five business days for wire transfer.
HYCM vs Globex360 Trading Platforms Comparison
HYCM provides trading platforms that are widely used and trusted by traders: MetaTrader 4 and MetaTrader 5. These platforms are available as desktop applications, web browsers, and mobile apps. They offer advanced charting tools, technical indicators, automated trading systems, market news, and more.
Globex360 provides two trading platforms: MetaTrader 5 and ParagonEX. MetaTrader 5 is similar to MetaTrader 4 but with more features and capabilities. ParagonEX is a proprietary platform that is available as a web browser and a mobile app. It offers a user-friendly interface, social trading features, market sentiment analysis, risk management tools, and more.
HYCM vs Globex360 Analytical Tools Comparison
HYCM offers various analytical tools to help traders with their strategies. These include Trading Central’s technical analysis reports and signals, economic calendar, market outlook videos, webinars, ebooks, articles, and courses.
Globex360 offers fewer analytical tools to its clients. These include an economic calendar, market news, webinars, ebooks, articles, videos, courses, quizzes, glossary, FAQs, Guardian Angel AI assistant , Volatility Analysis , Our Favourites , Special Offers , Customized Account , Priority Withdrawals , Access to exclusive private wealth events
HYCM vs Globex360. 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 goals, risk appetite, and budget. However, here are some pros and cons of each broker to help you make an informed decision.
HYCM Pros:
- It has a long and reputable history in the investment industry since 1977.
- It is regulated by four reputable authorities in different jurisdictions.
- It offers a wide range of trading instruments, including forex, stocks, indices, commodities, cryptocurrencies, and ETFs.
- It provides trading platforms that are widely used and trusted by traders: MetaTrader 4 and MetaTrader 5.
- It offers various analytical tools to help traders with their strategies, such as Trading Central’s technical analysis reports and signals, economic calendar, market outlook videos, webinars, ebooks, articles, and courses.
HYCM Cons:
- It charges different fees depending on the account type and the trading instrument, which can be confusing and costly for some traders.
- It does not offer any proprietary platform or social trading features that some traders may prefer.
- It does not accept clients from some countries, such as the USA, Canada, Japan, Belgium, and others.
Globex360 Pros:
- It is regulated by the FSCA in South Africa, which is a reputable authority in the region.
- It offers competitive spreads starting from zero pips on its Private Wealth account and commissions of $4 per round lot on all accounts except the Standard account.
- It provides two trading platforms: MetaTrader 5 and ParagonEX. MetaTrader 5 is similar to MetaTrader 4 but with more features and capabilities. ParagonEX is a proprietary platform that offers a user-friendly interface, social trading features, market sentiment analysis, risk management tools, and more.
- It offers some unique features and benefits to its clients, such as Guardian Angel AI assistant , Volatility Analysis , Our Favourites , Special Offers , Customized Account , Priority Withdrawals , Access to exclusive private wealth events .
Globex360 Cons:
- It is a relatively new broker that was launched in 2017.
- It is regulated by only one authority in one jurisdiction.
- It offers fewer trading instruments than HYCM, especially in stocks, commodities, and ETFs.
- It offers fewer analytical tools than HYCM, such as an economic calendar, market news, webinars, ebooks, articles, videos, courses, quizzes, glossary, FAQs.
