Compare Swissquote Vs HYCM: Which is the Better Forex Broker in 2024?
Swissquote 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 Swissquote Vs HYCM, here is the direct comparison:
Feature | Swissquote | HYCM |
General Rating |
2.09/5 |
2.06/5 |
|
Score | 60 | 60 | |
Trustpilot |
3.7/5 150 users |
3.7/5 185 users |
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💼 Regulation | |||
❗Info | |||
⌛ Established | 1996 | 1977 | |
💲 Min Deposit | $1000 | $100 | |
⚖ Max Leverage | 1:100 | 1:325 | |
🔢 Spread | Fixed | Fixed | |
💸 Commissions | $4 | ||
💡 Min Position | 0.1 lot | 0.01 lot |
💳 Payment | Wire transfer and Credit/debit cards | WebMoney, Skrill, Wire transfer, Credit/debit cards, Neteller, Perfect Money and Crypto | |
🏢 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, German, English, Spanish, French, Russian, Chinese | Arabic, Russian, Chinese |
🚪 Trade Now | Open Swissquote | Open HYCM |
Testimonials
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Swissquote: Live chat support - terrible. The guy there doesn't know...
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Swissquote: They (or their payment vendors) charge high fees, like 2%...
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Swissquote: Stay away from this low quality market maker. Account opening...
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Swissquote: When I tried to open an account, I had to...
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Swissquote: Before I had even finished opening my account I had...
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Swissquote: Live chat support - terrible. The guy there doesn't know...
-
Swissquote: They (or their payment vendors) charge high fees, like 2%...
-
Swissquote: Stay away from this low quality market maker. Account opening...
-
Swissquote: When I tried to open an account, I had to...
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Swissquote: Before I had even finished opening my account I had...
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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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Swissquote: Live chat support - terrible. The guy there doesn't know...
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See More Swissquote 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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Swissquote's New Website Offers a Visual and Functional Upgrade
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HYCM Under New Management: Longtime Executives Lead Management Buyout
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Swissquote Launches Lending Program, Providing Passive Income for Clients
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Swissquote Appoints New COO Following the Retirement of Lino Finini
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Swissquote Advancing into Digital Banking Business
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Swissquote Releases Investment Saving Product, Invest Easy Solution
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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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Swissquote Releases NetGuardians to Fight Financial Fraud
Articles
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- Comparison List
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, Swissquote provides their pricing with Fixed spread while HYCM offers Fixed spread.
Swissquote 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, Swissquote enables trading with MetaTrader 4 (Limited with 30 days), MetaTrader 5 (Limited with 30 days), Advanced Trader (Limited with 30 days). The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, HYCM provides trading with MetaTrader 4, MetaTrader 5 with the support of One-click trading, Trailing stop, Pending orders.
Is Swissquote 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, Swissquote supports trading with Forex, Gold & silver, Stocks, Options, Indexes, Crypto, CFD, 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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For more comparisons, visit this page.