Compare JustForex vs HYCM
What is JustForex? What is HYCM?
JustForex is an online forex and CFD broker founded in 2012, offering trading in over 80 currencies and metals, as well as CFDs on indices, commodities, cryptocurrencies, and stocks. HYCM, on the other hand, is an online forex and CFD broker established in 1977, offering trading in forex, indices, commodities, cryptocurrencies, and stocks.
JustForex vs HYCM Overall Comparison
Overall, JustForex and HYCM have their own strengths and weaknesses. JustForex boasts of offering low spreads and commissions, as well as a wide range of available trading assets. Meanwhile, HYCM is well-regulated, has a long-standing reputation, and offers a variety of trading accounts suitable for different traders.
JustForex vs HYCM Regulation Comparison
In terms of regulation, JustForex is regulated by the Financial Services Authority (FSA) in Saint Vincent and the Grenadines, while HYCM is regulated by multiple regulators, including the Financial Conduct Authority (FCA) in the UK and the Cyprus Securities and Exchange Commission (CySEC).
JustForex vs HYCM Trading Assets Comparison
JustForex offers trading in over 80 currencies and metals, as well as CFDs on indices, commodities, cryptocurrencies, and stocks. HYCM offers trading in forex, indices, commodities, cryptocurrencies, and stocks, with a narrower selection of available trading assets.
JustForex vs HYCM Trading Fees Comparison
JustForex charges low spreads and commissions, while HYCM charges comparatively higher trading fees. However, HYCM offers a wider selection of account types that suit different traders’ needs.
JustForex vs HYCM Account Types Comparison
JustForex offers six account types, ranging from the basic Mini account to the more advanced ECN Zero account. HYCM offers three account types, including the Micro account, Standard account, and the Raw account.
JustForex vs HYCM Trading Conditions Comparison
Both JustForex and HYCM offer competitive trading conditions, including leverage up to 1:2000 for JustForex and up to 1:500 for HYCM.
JustForex vs HYCM Deposit Options Comparison
JustForex and HYCM both offer a wide range of deposit and withdrawal options, including bank transfers, credit/debit cards, and e-wallets.
JustForex vs HYCM Trading Platforms Comparison
JustForex offers the popular MetaTrader 4 and 5 trading platforms, as well as their own trading platform. Meanwhile, HYCM offers the MetaTrader 4 and PrimeTrader trading platforms.
JustForex vs HYCM Analytical Tools Comparison
Both JustForex and HYCM offer a variety of analytical tools, including economic calendars, technical analysis tools, and market news.
JustForex vs HYCM Educational Resources Comparison
Both JustForex and HYCM offer educational resources, including webinars, video tutorials, and educational articles.
Which offers better pricing – JustForex or HYCM
JustForex typically offers lower spreads and commissions compared to HYCM. However, pricing can vary depending on the specific trading instrument, account type, and market conditions.
Which broker offers more security when trading Forex and CFDs?
Both JustForex and HYCM are regulated by reputable financial authorities; however, HYCM is regulated by more authorities than JustForex. Both brokers also offer negative balance protection to mitigate the risk of losses exceeding your account balance.
Which broker offers the superior trading platform?
JustForex offers a variety of trading platforms including MetaTrader 4 and 5 as well as their own proprietary platform. HYCM offers MetaTrader 4 and PrimeTrader, which is their own proprietary platform. It ultimately depends on which platform you personally prefer, and which one has the features you need to trade effectively.
Do these brokers both offer MetaTrader?
Yes, both brokers offer MetaTrader 4 (MT4).
How many Forex pairs can you expect from these brokers?
JustForex offers over 80 currency pairs for trading, while HYCM offers over 300 forex pairs, including majors, minors, and exotics.
Is it safe to trade with JustForex?
JustForex is regulated by the Financial Services Authority (FSA) in Saint Vincent and the Grenadines. While this territory may not be as reputable as others, JustForex has been operating since 2012 and has a good reputation within the industry. They also offer negative balance protection, which can help prevent you from incurring losses that exceed your account balance.
Is it safe to trade with HYCM?
HYCM is regulated by multiple reputable authorities including the Financial Conduct Authority (FCA) in the UK. They have been operating since 1977 and have established a good reputation within the industry. HYCM also offers negative balance protection, which can help to mitigate the risk of losses exceeding your account balance.
Is JustForex a good broker?
JustForex generally receives positive feedback from traders and is considered a good broker overall. However, as with any broker, there may be complaints or negative reviews from some customers.
Is HYCM a good broker?
HYCM is also generally considered a good broker and has a long-standing reputation within the industry. However, like any broker, there may be complaints or negative reviews from some customers.
JustForex vs HYCM. Which forex broker is better? Which forex broker should you choose?
It is difficult to say which forex broker is better between JustForex and HYCM, as it ultimately depends on your personal trading needs and preferences.
If you value a wider range of trading assets and lower trading fees, JustForex might be the better choice for you. They offer trading in over 80 currency pairs and other assets like metals, indices, commodities, cryptocurrencies, and stocks. JustForex also boasts of offering low spreads and commissions, which can help you save on trading costs.
On the other hand, if you prioritize regulatory oversight, established reputation, and a greater variety of trading accounts, HYCM might be the better choice. HYCM is known for being well-regulated by reputable authorities such as the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), and others. Additionally, with a longer history in the industry, HYCM may be more trusted by some traders.
Ultimately, it’s important to research and evaluate both brokers’ features, services, and offerings to determine which one best suits your needs. You might also consider opening demo accounts with both brokers to help you compare the platforms and trading conditions before making a final decision.