Compare HYCM Vs OANDA: Which is the Better Forex Broker in 2024?
HYCM Vs OANDA, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between HYCM Vs OANDA, here is the direct comparison:
Feature | HYCM | OANDA |
General Rating |
2.06/5 |
3.11/5 |
|
Score | 60 | 77 | |
Trustpilot |
3.7/5 185 users |
3.6/5 544 users |
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💼 Regulation | |||
❗Info | |||
⌛ Established | 1977 | 1996 | |
💲 Min Deposit | $100 | $0 | |
⚖ Max Leverage | 1:325 | 1:20 | |
🔢 Spread | Fixed | Fixed | |
💸 Commissions | $4 | -$50/Mil commission for Core pricing | |
💡 Min Position | 0.01 lot | 0.00001 lot |
💳 Payment | WebMoney, Skrill, Wire transfer, Credit/debit cards, Neteller, Perfect Money and Crypto | Visa, Mastercard, ACH deposits, Bank transfer, Credit/debit cards, Wire transfer, Skrill and Neteller | |
🏢 Office(s) |
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🧩 Demo Account | |||
📁 Segregated Account | |||
🕋 Islamic Account | |||
👨💻 PAMM Account | |||
📈 Managed Account | |||
LAMM Account | |||
MAM Account |
💱 Hedging | |||
🇺🇸 US traders | |||
📫 Requires sending documents via postal mail | |||
🕛 Swaps | |||
☎️ Trading by telephone |
🏆 Trading contests | |||
⚡ Automated trading | |||
💰 Bonus offers | |||
📖 Free education | |||
👔 Affiliate program |
1️⃣ One-click trading | |||
⏱ Trailing stop | |||
⏳ Pending orders |
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🗣 Website Languages | Arabic, Russian, Chinese | English |
🚪 Trade Now | Open HYCM | Open OANDA |
Testimonials
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HYCM: HYCM has consistently demonstrated reliability and trustworthiness
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HYCM: HYCM is a trading broker that exceeded my expectations
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HYCM: Happy to find these incredible guys
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HYCM: Can't tell how pleased I am
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HYCM: Accounts
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HYCM: HYCM has consistently demonstrated reliability and trustworthiness
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HYCM: HYCM is a trading broker that exceeded my expectations
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HYCM: Happy to find these incredible guys
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HYCM: Can't tell how pleased I am
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HYCM: Accounts
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OANDA: Les risk
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OANDA: OANDA is the best broker I've ever know.
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OANDA: My EA doesn't work very well after some time. So...
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OANDA: My friend recommend me to trade with OANDA. But it...
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OANDA: I realize half on these commentaries are only half reliable....
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HYCM: HYCM has consistently demonstrated reliability and trustworthiness
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See More HYCM Testimonials
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See More OANDA Testimonials
News
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HYCM Europe Stops Accepting EU Clients After Renouncing CIF License
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HYCM Under New Management: Longtime Executives Lead Management Buyout
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Barcelona Striker Robert Lewandowski Becomes OANDA Brand Ambassador
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OANDA Acquired Crypto Exchange Coinpass
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CySEC Exposed OANDA TMS Clone Website
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HYCM Unveils Dominic Poynter as CMO to Drive Strategic Marketing Vision
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Rafal Slon Joins OANDA as Managing Director for Australia
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HYCM Adds Zero Commission in Stock Trading
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OANDA Japan Raised Margin Rate of AUD/JPY
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OANDA Adds CFDs Selection with New US and UK Stocks
Articles
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Guide to Choose the Best OANDA Platform
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Standard Account Comparison: IC Markets or OANDA?
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Forex Brokers in 2022: How OANDA Performed
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How to Open Account in OANDA
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All You Need to Know about OANDA Swap Free Account
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Forex.com or OANDA, Which is Better?
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Is OANDA a Good Broker for Beginners?
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Breaking Down OANDA's Tight Spreads
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What is OANDA Currency Converter and How to Use It
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How to Deposit and Withdraw Your Funds from OANDA Global
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Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, HYCM provides their pricing with Fixed spread while OANDA offers Fixed spread.
HYCM vs OANDA: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, HYCM enables trading with MetaTrader 4, MetaTrader 5. The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, OANDA provides trading with FxTrade App, MetaTrader 5, Oanda Platform, MetaTrader 4 with the support of .
Is HYCM or OANDA better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, HYCM supports trading with Forex, Crypto, Stocks, Indexes, Soft commodities, Metals, Energies, while OANDA presents the ability of trading with Forex, Gold & silver, CFD, Crypto, Stock, Indices, Commodities, etf.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
Looking for more references? Here are other comparisons related to HYCM and OANDA:
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