Compare XTB Vs HYCM: Which is the Better Forex Broker in 2024?
XTB 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 XTB Vs HYCM, here is the direct comparison:
Feature | XTB | HYCM |
General Rating |
2.34/5 |
2.06/5 |
|
Score | 64 | 60 | |
Trustpilot |
3.8/5 1030 users |
3.7/5 185 users |
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💼 Regulation | |||
❗Info | |||
⌛ Established | 2002 | 1977 | |
💲 Min Deposit | $0 | $100 | |
⚖ Max Leverage | 1:30 | 1:325 | |
🔢 Spread | Variable | Fixed | |
💸 Commissions | $4 | ||
💡 Min Position | 0.01 lot | 0.01 lot |
💳 Payment | PayPal, Skrill, Wire transfer, Credit/debit cards and Neteller | 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, Hungarian, Italian, Portuguese, Slovenian, Turkish, Chinese | Arabic, Russian, Chinese |
🚪 Trade Now | Open XTB | Open HYCM |
Testimonials
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XTB: I have problem with withdrawal process. They keep coming up...
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XTB: Very good presentation as always and informative. Good, friendly and...
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XTB: The customer support helped me through the account opening process...
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XTB: Sessions on trading classes should be longer to have more...
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XTB: Poor execution, very high slippage. Platform freezing is very common.
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XTB: I have problem with withdrawal process. They keep coming up...
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XTB: Very good presentation as always and informative. Good, friendly and...
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XTB: The customer support helped me through the account opening process...
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XTB: Sessions on trading classes should be longer to have more...
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XTB: Poor execution, very high slippage. Platform freezing is very common.
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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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XTB: I have problem with withdrawal process. They keep coming up...
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See More XTB 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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Polish Fintech Giant XTB Expands to Indonesia
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XTB UK Sees Client Boom: Active Users Up 90% in 2023
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XTB Launches Crypto ETNs amid Bitcoin ETF Demand Surge
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HYCM Under New Management: Longtime Executives Lead Management Buyout
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XTB Sets Sights on £400 Billion UK Market with Upcoming ISA Application
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XTB Forex Broker Boosts UK ETF Investments with New Auto-Invest Feature
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Kathleen Brooks Joins XTB UK as Research Director, Boosting Financial Expertise
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XTB Forex Broker Introduces ETF Investment Plans in UAE
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XTB Forex Broker Launches Auto Investing for its Investment Plans
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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, XTB provides their pricing with Variable spread while HYCM offers Fixed spread.
XTB 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, XTB enables trading with MetaTrader 4, xStation. The offer is supported with Pending orders. In comparison, HYCM provides trading with MetaTrader 4, MetaTrader 5 with the support of One-click trading, Trailing stop, Pending orders.
Is XTB 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, XTB supports trading with Forex, Gold & silver, CFD, Oil, Indexes, Agriculture, Soft commodities, Metals, Energies, 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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