IFC Markets is an online broker that offers trading services in forex, CFDs, commodities, indices, stocks and cryptocurrencies. It was founded in 2006 and is regulated by the British Virgin Islands Financial Services Commission (BVI FSC). It has offices in Cyprus, Russia and China.
HYCM is an online broker that offers trading services in forex, CFDs, commodities, indices, stocks and cryptocurrencies. It was founded in 1977 and is regulated by multiple authorities, including the UK Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC) and the Dubai Financial Services Authority (DFSA). It has offices in UK, Cyprus, Hong Kong and Dubai.
Bank Transfer, Credit Card, Skrill, Neteller, WebMoney, OKPAY, Perfect Money and Bitcoin.
HYCM
Bank Transfer, Credit Card, Skrill, Neteller, WebMoney and Bitcoin.
Bank Transfer, Credit Card, Skrill, Neteller and WebMoney.
IFC Markets vs HYCM Trading Platforms Comparison
IFC Markets offers a proprietary platform called NetTradeX, which has advanced features such as synthetic instruments creation and portfolio trading, while HYCM does not offer a proprietary platform.
IFC Markets and HYCM both offer MT4, a popular platform that has basic features such as technical analysis tools and order types, but IFC Markets also offers the option of market or instant execution depending on the instrument, while HYCM only offers instant execution for fixed accounts and market execution for classic and raw accounts.
HYCM offers MT5, an upgraded version of MT4 that has additional features such as more timeframes, order types, indicators and graphical objects, while IFC Markets does not offer MT5.
IFC Markets vs HYCM Analytical Tools Comparison
IFC Markets offers a proprietary tool called Top Market Gainers and Losers, which shows the 10 trading instruments that showed the highest increase and the biggest decrease for a selected period of time, while HYCM does not offer such a tool.
IFC Markets offers a tool called Earning Calendar, which shows the release dates and expected impacts of the public reports of the companies listed at stock exchanges, while HYCM does not offer such a tool.
IFC Markets offers a tool called Stock Dividend Dates, which shows the dividend adjustments for the equity CFDs, while HYCM does not offer such a tool.
HYCM offers a tool called Trading Central, which provides technical analysis, market commentary, trading signals and indicators for MetaTrader 4, while IFC Markets does not offer such a tool.
IFC Markets vs HYCM. Which forex broker is better? Which forex broker should you choose?
There is no definite answer as to which forex broker is better, as it depends on your personal preferences, goals and trading strategy. However, here are some factors that can help you decide which forex broker to choose:
If you value regulation and security, you may prefer HYCM, as it has more regulators than IFC Markets and has to comply with stricter rules and standards in different jurisdictions.
If you value trading assets and diversity, you may prefer IFC Markets, as it offers more commodities and stocks than HYCM, while HYCM offers more currency pairs and indices than IFC Markets. Both brokers offer a similar number of cryptocurrencies.
If you value trading fees and costs, you may prefer either broker depending on the account type you choose. Generally speaking, IFC Markets has lower spreads but higher commissions than HYCM, while HYCM has lower commissions but higher spreads than IFC Markets. Both brokers have similar swap rates.
If you value account types and features, you may prefer IFC Markets, as it has lower minimum deposits and higher leverage than HYCM, while HYCM offers more trading platforms and execution types than IFC Markets. Both brokers offer customer support 24 hours a day, five days a week.
If you value deposit and withdrawal options and convenience, you may prefer IFC Markets, as it offers more deposit and withdrawal options than HYCM, especially in terms of cryptocurrencies. This may give you more flexibility and convenience when funding and withdrawing money from your trading account.
If you value trading platforms and tools, you may prefer either broker depending on the platform you prefer. IFC Markets offers a proprietary platform called NetTradeX, which has advanced features such as synthetic instruments creation and portfolio trading, while HYCM does not offer a proprietary platform. Both brokers offer MT4, a popular platform that has basic features such as technical analysis tools and order types. HYCM also offers MT5, an upgraded version of MT4 that has additional features such as more timeframes, order types, indicators and graphical objects, while IFC Markets does not offer MT5. HYCM also offers Trading Central, a tool that provides technical analysis, market commentary, trading signals and indicators for MetaTrader 4, while IFC Markets does not offer such a tool.
Ultimately, the best way to find out which forex broker is better for you is to try them out yourself by opening a demo account with each broker and testing their services and features. This way, you can get a feel of how they operate and see which one suits your needs and expectations better.
