Compare Monex Investindo Futures Vs HYCM: Which is the Better Forex Broker in 2024?
Monex Investindo Futures Vs HYCM, 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 Monex Investindo Futures Vs HYCM, here is the direct comparison:
Feature | Monex Investindo Futures | HYCM |
General Rating |
1.00/5 |
2.06/5 |
|
Score | 43 | 60 | |
Trustpilot |
3.7/5 3 users |
3.7/5 185 users |
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💼 Regulation | |||
❗Info | |||
⌛ Established | 2000 | 1977 | |
💲 Min Deposit | Rp500,000 | $100 | |
⚖ Max Leverage | 1:100 | 1:325 | |
🔢 Spread | Variable | Fixed | |
💸 Commissions | $20 | $4 | |
💡 Min Position | 0.01 lot | 0.01 lot |
💳 Payment | Bank Transfer, Virtual Account, E-wallet (Linkaja, GoPay and OVO) | WebMoney, Skrill, Wire transfer, Credit/debit cards, Neteller, Perfect Money and Crypto | |
🏢 Office(s) |
|
🧩 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 |
🚪 Trade Now | Open Monex Investindo Futures | Open HYCM |
Testimonials
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Monex Investindo Futures: Just information, Monex is a local broker. All of you...
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Monex Investindo Futures: That's totally easy when doing registration on this broker. No...
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Monex Investindo Futures: Firstly, I doubt all of the local forex brokers, but...
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Monex Investindo Futures: For the local forex standard, I think Monex is suitable...
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Monex Investindo Futures: I don't have special trading experience with a local broker,...
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Monex Investindo Futures: Just information, Monex is a local broker. All of you...
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Monex Investindo Futures: That's totally easy when doing registration on this broker. No...
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Monex Investindo Futures: Firstly, I doubt all of the local forex brokers, but...
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Monex Investindo Futures: For the local forex standard, I think Monex is suitable...
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Monex Investindo Futures: I don't have special trading experience with a local broker,...
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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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Monex Investindo Futures: Just information, Monex is a local broker. All of you...
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See More Monex Investindo Futures Testimonials
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See More HYCM 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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HYCM Unveils Dominic Poynter as CMO to Drive Strategic Marketing Vision
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HYCM Adds Zero Commission in Stock Trading
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HYCM Launches Mobile App with Enhanced Functionality
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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, Monex Investindo Futures provides their pricing with Variable spread while HYCM offers Fixed spread.
Monex Investindo Futures vs HYCM: 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, Monex Investindo Futures enables trading with MetaTrader 4, MetaTrader 5, MIFX Mobile. The offer is supported with . In comparison, HYCM provides trading with MetaTrader 4, MetaTrader 5 with the support of One-click trading, Trailing stop, Pending orders.
Is Monex Investindo Futures or HYCM 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, Monex Investindo Futures supports trading with Forex, Gold, Silver, Oil, Index, while HYCM presents the ability of trading with Forex, Crypto, Stocks, Indexes, Soft commodities, Metals, Energies.
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.
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