Compare XTB vs HYCM
What is XTB? What is HYCM?
XTB and HYCM are both online brokerage firms that offer trading services in various financial instruments such as forex, stocks, indices, commodities, and cryptocurrencies. XTB (X-Trade Brokers) is a European-based broker that was established in 2002 and has its headquarters in Poland. On the other hand, HYCM (formerly known as HY Markets) is a UK-based broker that was founded in 1977, making it one of the oldest brokers in the industry.
XTB vs HYCM Overall Comparison
Overall, both XTB and HYCM are reputable brokers in the industry, but XTB has won more awards in recent years. XTB provides a user-friendly platform and offers commission-free trading. HYCM, on the other hand, offers lower spreads.
XTB vs HYCM Regulation Comparison
XTB is regulated by several top-tier authorities such as the Financial Conduct Authority (FCA) in the UK, the Polish Financial Supervision Authority (KNF), and the Cyprus Securities and Exchange Commission (CySEC). On the other hand, HYCM is regulated by the FCA in the UK and the Financial Services Commission (FSC) in the Seychelles.
XTB vs HYCM Trading Assets Comparison
XTB offers more than 1,800 instruments, including forex, indices, stocks, commodities, ETFs, and cryptocurrencies. HYCM offers over 300 instruments, including forex, indices, stocks, commodities, and cryptocurrencies.
XTB vs HYCM Trading Fees Comparison
XTB has lower trading fees than HYCM, with average spreads starting from 0.28 pips for major forex pairs and 0.35 pips for minor forex pairs. HYCM has higher spreads, with average spreads starting from 1.5 pips for major forex pairs and 1.8 pips for minor forex pairs.
XTB vs HYCM Account Types Comparison
XTB offers three different account types; Standard, Pro and Ultra-Low, while HYCM offers four account types; Fixed, Classic, Raw, and VIP.
XTB vs HYCM Trading Conditions Comparison
XTB offers competitive trading conditions such as negative balance protection, no requotes, and flexible leverage up to 1:500. HYCM also offers flexible leverage up to 1:200, but its trading conditions are not as competitive as XTB’s.
XTB vs HYCM Deposit Options Comparison
Both brokers offer a variety of deposit and withdrawal options, including bank transfers, credit/debit cards, and e-wallets. However, HYCM charges withdrawal fees on some payment methods, while XTB does not.
XTB vs HYCM Trading Platforms Comparison
XTB offers two trading platforms – xStation 5 and MetaTrader 4 (MT4), while HYCM offers three trading platforms – MetaTrader 4 (MT4), MetaTrader 5 (MT5), and HYCM Mobile. Both brokers also offer web-based platforms for access to trading from anywhere with an internet connection.
XTB vs HYCM Analytical Tools Comparison
Both brokers offer a range of analytical tools, including economic calendars, charting tools, and market analysis. However, XTB provides more advanced tools, such as sentiment indicators and equity screener.
XTB vs HYCM Educational Resources Comparison
XTB offers a range of educational resources, including webinars, trading academy, and market news, while HYCM offers webinars, trading guides, and market analysis. Both brokers provide quality educational resources for traders.
Which offers better pricing – XTB or HYCM
XTB offers better pricing than HYCM, with lower spreads and trading fees.
Which broker offers more security when trading Forex and CFDs?
Both XTB and HYCM are regulated brokers and offer a high level of security when trading forex and CFDs. XTB is regulated by the FCA, KNF, and CySEC, while HYCM is regulated by the FCA and FSC.
Which broker offers the superior trading platform?
The choice of trading platform is subjective, but both XTB and HYCM offer robust and reliable trading platforms for their clients. XTB offers xStation 5 and MetaTrader 4, while HYCM offers MetaTrader 4, MetaTrader 5, and HYCM Mobile.
Do these brokers both offer MetaTrader?
Both XTB and HYCM offer the MetaTrader 4 (MT4) platform.
How many Forex pairs can you expect from these brokers?
XTB offers over 50 forex pairs, while HYCM offers over 100 forex pairs.
Is it safe to trade with XTB?
Yes, XTB is a reputable and regulated broker with a strong track record of security for its customers.
Is it safe to trade with HYCM?
Yes, HYCM is also a reputable and regulated broker with a strong track record of security for its customers.
Is XTB a good broker?
Yes, XTB is considered a good broker due to its competitive fees, excellent trading conditions, and robust trading platform offerings.
Is HYCM a good broker?
Yes, HYCM is also considered a good broker due to its long-standing reputation in the industry, multiple trading platforms, and diverse product offerings.
XTB vs HYCM. Which forex broker is better? Which forex broker should you choose?
Deciding between XTB and HYCM depends on your priorities as a trader. Both brokers have their strengths and weaknesses, so it’s important to assess your individual needs before making a decision.
If you prioritize competitive pricing and tight spreads, XTB may be the better choice for you. XTB also offers more advanced trading tools, educational resources, and flexible account types, making it a great option for both beginner and experienced traders.
On the other hand, if reputation and long-standing experience are more important to you, HYCM may be the better choice. With a history stretching back to 1977, HYCM is one of the oldest brokers in the industry. Additionally, HYCM offers a wider array of trading instruments, including more than 100 forex pairs, making it a great choice for those looking to trade a diverse range of assets.
Ultimately, the decision between XTB and HYCM comes down to your individual trading priorities. We recommend carefully considering each broker’s offerings and selecting the one that aligns best with your needs as a trader.
