Compare XM Vs HYCM: Which is the Better Forex Broker in 2024?
XM 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 XM Vs HYCM, here is the direct comparison:
Feature | XM | HYCM |
General Rating |
3.38/5 |
2.06/5 |
|
Score | 80 | 60 | |
Trustpilot |
2.6/5 591 users |
3.7/5 185 users |
|
💼 Regulation | |||
❗Info | |||
⌛ Established | 2009 | 1977 | |
💲 Min Deposit | $5 | $100 | |
⚖ Max Leverage | 1:1000 | 1:325 | |
🔢 Spread | Variable | Fixed | |
💸 Commissions | $3.50 | $4 | |
💡 Min Position | 0.01 lot | 0.01 lot |
💳 Payment | WebMoney, Skrill, Wire transfer, Credit/debit cards, Neteller, UnionPay, Western Union, CashU, QIWI, iDEAL, SOFORT, FasaPay, giropay, paysafecard and Moneta.Ru | 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 |
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
|||
|
🗣 Website Languages | Arabic, German, Greek, English, Spanish, French, Hungarian, Indonesian, Italian, Japanese, Korean, Malay, Polish, Portuguese, Russian, Swedish, Thai, Turkish, Chinese | Arabic, Russian, Chinese |
🚪 Trade Now | Open XM | Open HYCM |
Testimonials
-
XM: Explore!!!
-
XM: full-fledged trading platform
-
XM: THE BEST
-
XM: Claim Bonus
-
XM: Good for beginners
-
XM: Explore!!!
-
XM: full-fledged trading platform
-
XM: THE BEST
-
XM: Claim Bonus
-
XM: Good for beginners
-
HYCM: HYCM has consistently demonstrated reliability and trustworthiness
-
HYCM: HYCM is a trading broker that exceeded my expectations
-
HYCM: Happy to find these incredible guys
-
HYCM: Can't tell how pleased I am
-
HYCM: Accounts
-
XM: Explore!!!
-
See More XM Testimonials
-
See More HYCM Testimonials
News
-
HYCM Europe Stops Accepting EU Clients After Renouncing CIF License
-
Compete and Win USD2,500 in the XM Weekly Demo Contest
-
HYCM Under New Management: Longtime Executives Lead Management Buyout
-
XM Collaborates with EDF to Support Education for Disadvantaged Students
-
XM Forex Broker and We Listen Malaysia Join Forces to Empower Orphans
-
XM Collaborates with BenihBaik to Help Indonesia's Underprivileged Communities
-
XM Holds Hand with Red Cross Home for the Disabled for Magical Disney Outing
-
Unlock Your Fortune: Claim Your XM Angpao Bonus Today!
-
XM Contributes on Literacy Support to Orphans and Homeless in Iraq
-
XM Kicks Off its 2023 Grand Trading Promotion
Articles
-
Exploring XM Exclusive Technical Indicators
-
Explore XM MT5 Performance in Various Devices
-
Getting Started with XM Copy Trading for New Investors
-
Earn Money by Sharing Strategy on XM Copy Trading
-
Get to Know MT4 Platform with XM Video Tutorials
-
Win Withdrawable Cash in XM Trading Competition
-
Boost Your Trading Execution with XM VPS
-
The Complete Guide to XM Turbo Stocks
-
XM Refer a Friend: Earn up to $150 Cash
-
XM Vs FP Markets for Commodity Trading
Bonus
More Comparisons
- FirewoodFX vs Exness
- MTrading vs Tickmill
- OANDA vs Octa
- FP Markets vs JustMarkets
- ThinkMarkets vs AvaTrade
- Blueberry Markets vs Pepperstone
- HF Markets vs FXOpen
- easyMarkets vs Axi
- Admirals vs Interactive Brokers
- Vantage Markets vs IC Markets
- LiteFinance vs XM
- Dukascopy vs RoboForex
- InstaForex vs FXTM
- FBS vs eToro
- 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, XM provides their pricing with Variable spread while HYCM offers Fixed spread.
XM 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, XM enables trading with MetaTrader 4, MetaTrader 5, Social Trading, Web. 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 XM 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, XM supports trading with Forex, Gold & silver, CFD, Oil, Crypto, Stocks, Commodities, Indices, 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.
Looking for more references? Here are other comparisons related to XM and HYCM:
- Compare XM vs Array
- Compare XM vs Array
- Compare XM vs Array
- Compare HYCM vs Array
- Compare HYCM vs Array
- Compare HYCM vs Array
For more comparisons, visit this page.