Compare Libertex vs HYCM
What is Libertex? What is HYCM?
Libertex is a trading platform used by Indication Investments Ltd, a Cyprus Investment Firm that is regulated by the Cyprus Securities and Exchange Commission (CySEC) and provides investment services to the European Economic Area and Switzerland.
HYCM is a trading name of Henyep Capital Markets (UK) Limited, a company authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom. HYCM also has subsidiaries that are regulated by the Dubai Financial Services Authority (DFSA), the Cyprus Securities and Exchange Commission (CySEC), and the Cayman Islands Monetary Authority (CIMA).
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$ |
Libertex vs HYCM Regulation Comparison
Both brokers are regulated by reputable authorities in the European Union, such as the FCA and the CySEC. HYCM has an advantage over Libertex in terms of global coverage, as it also holds licenses from the DFSA and the CIMA, which allow it to offer services to clients in the Middle East and the Caribbean respectively. Libertex only operates under one license from the CySEC.
Libertex vs HYCM Trading Assets Comparison
Libertex offers a more limited range of trading assets than HYCM, as it only provides access to 300 instruments, including 51 forex pairs, 100 stocks, 41 cryptocurrencies, 19 indices, 5 metals, 2 energies, and 82 ETFs.
HYCM, on the other hand, offers a wider selection of 1199 instruments, including 70 forex pairs, 1000 stocks, 15 cryptocurrencies, 28 indices, 9 metals, 8 energies, 9 agriculturals, and 60 ETFs.
Libertex vs HYCM Trading Fees Comparison
Libertex charges commissions instead of spreads on its trades, which vary depending on the instrument and the account type. The commissions range from 0.03% to 0.5% for standard accounts and from 0.01% to 0.2% for professional accounts.
HYCM charges both spreads and commissions on its trades, depending on the account type. The spreads start from 1.8 pips for fixed accounts, from 1.2 pips for classic accounts, and from 0.2 pips for raw accounts. The commissions are only applicable for raw accounts and are $4 per round lot.
Libertex vs HYCM Account Types Comparison
Libertex offers two types of accounts: standard and professional. The standard account requires a minimum deposit of $10 and has a maximum leverage of 30:1. The professional account requires a minimum deposit of $50,000 and has a maximum leverage of 600:1.
HYCM offers three types of accounts: fixed, classic, and raw. The fixed account requires a minimum deposit of $100 and has a fixed spread and no commission. The classic account requires a minimum deposit of $100 and has a variable spread and no commission. The raw account requires a minimum deposit of $200 and has a tight spread and a commission.
Libertex vs HYCM Deposit Options Comparison
Libertex supports various deposit and withdrawal methods, such as credit/debit cards, bank transfers, Skrill, Neteller, Sofort, Trustly, iDeal, Giropay, Rapid Transfer, Multibanco, P24, Safetypay, Teleingreso, Neosurf, ePay.bg, PayU Romania.
HYCM also supports various deposit and withdrawal methods, such as credit/debit cards, bank transfers, Skrill, Neteller, WebMoney. Both brokers do not charge any fees for deposits or withdrawals.
Libertex vs HYCM Trading Platforms Comparison
Libertex offers its own proprietary web-based platform that is simple and user-friendly. It also provides a mobile app for iOS and Android devices that allows traders to access their accounts on the go.
HYCM offers the popular MetaTrader 4 (MT4) platform that is available as a desktop application, a web-based version, or a mobile app for iOS and Android devices. MT4 is a powerful and customizable platform that supports various features such as charting tools, indicators, expert advisors (EAs), automated trading.
Libertex vs HYCM Analytical Tools Comparison
Libertex vs HYCM Analytical Tools Comparison: Libertex provides some analytical tools for its clients, such as an economic calendar that shows important events and data releases that affect the markets; market news that covers the latest developments in various asset classes; market analysis that provides insights and recommendations from experts; and trading signals that suggest entry and exit points for trades.
HYCM also provides some analytical tools for its clients, such as an economic calendar that shows important events and data releases that affect the markets; market news that covers the latest developments in various asset classes; market analysis that provides insights and recommendations from experts; and Trading Central, a third-party service that offers technical analysis, indicators, strategies, and reports.
Libertex vs HYCM. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer to which forex broker is better, as different brokers may suit different traders depending on their preferences, needs, and goals. However, here are some general guidelines to help you choose the broker that is right for you.
- If you are looking for a broker that has a global presence and is regulated by multiple authorities, you may prefer HYCM over Libertex, as HYCM holds licenses from the FCA, the DFSA, the CySEC, and the CIMA, while Libertex only operates under one license from the CySEC .
- If you are looking for a broker that offers a wider range of trading assets and more options to diversify your portfolio, you may prefer HYCM over Libertex, as HYCM provides access to 1199 instruments across various asset classes, while Libertex only offers 300 instruments .
- If you are looking for a broker that charges lower fees and commissions on your trades, you may prefer Libertex over HYCM, as Libertex only charges commissions that vary depending on the instrument and the account type, while HYCM charges both spreads and commissions that depend on the account type .
- If you are looking for a broker that offers more flexibility and customization in terms of account types and leverage levels, you may prefer Libertex over HYCM, as Libertex offers two types of accounts: standard and professional, with a maximum leverage of 30:1 and 600:1 respectively, while HYCM offers three types of accounts: fixed, classic, and raw, with a maximum leverage of 30:1 for all accounts .
- If you are looking for a broker that offers a more powerful and versatile trading platform that supports automated trading and advanced features, you may prefer HYCM over Libertex, as HYCM offers the popular MetaTrader 4 (MT4) platform that is available as a desktop application, a web-based version, or a mobile app, while Libertex offers its own proprietary web-based platform that is simple and user-friendly .
- If you are looking for a broker that offers more analytical tools and resources to help you make informed trading decisions, you may prefer HYCM over Libertex, as HYCM provides Trading Central, a third-party service that offers technical analysis, indicators, strategies, and reports, in addition to an economic calendar, market news, and market analysis, while Libertex only provides an economic calendar, market news, market analysis, and trading signals .
Ultimately, the choice of broker depends on your personal preferences and trading objectives. You should always do your own research and compare different brokers before making a final decision.
