Axiory vs HYCM: Which One is Better for You?


Axiory 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 Axiory vs HYCM, here is the direct comparison:

Feature
Go to Axiory

Go to HYCM

Rating

General Rating 4.47/5
Trustpilot 4.5/5

rated by 31 users
4.5/5

rated by 164 users

General Information

Office(s) Belize and United Arab Emirates Hong Kong, United Arab Emirates and United Kingdom
Regulation CySEC 271/15
IFSC (Belize), 000122/15
Cayman Islands Monetary Authority, 1442313
CySEC, 259/14
DFSA (Dubai), 000048
FCA (UK) 186171
FSA (St. Vincent & the Grenadines), 25228
Established 2011 1977
Minimum Deposit $10 $100
Maximum Leverage 1:777 1:325
Spread Fixed Fixed
Commissions $6 $4
Minimum Position 0.01 lot 0.01 lot
Payment Bitcoin, Bitcoin Cash, Credit/debit cards, Ethereum, Neteller, Skrill, UnionPay and Wire transfer Credit/debit cards, Neteller, Skrill, WebMoney and Wire transfer
Official Website Visit Axiory Visit HYCM

Account Variations

Segregated Account
Islamic Account
PAMM Account
Managed Account
LAMM Account
MAM Account
Forex Demo Account

Trading Requirements

Hedging
US traders are welcome
Requires sending documents via postal mail
Overnight interest rates (swaps)
Trading by telephone

Trading Features

Trading contests
Automated trading
Interest rate on funds
Bonus offers
Free education
Personal manager
Affiliate program

Trading Platforms and Complements

Mobile trading
Browser-based platform
Trading via API
One-click trading
Trailing stop
Pending orders
One-Cancels-Other (OCO) orders

Instruments Traded

Forex
CFD
Indexes
Spread betting
Gold & silver
Cryptocurrencies
Stocks
Binary options
Oil
Metals
Energies
Futures
ETF
Soft commodities
Options
Agriculture
Bonds

Customer Support

Website Languages Arabic, English, Portuguese, Russian, Spanish, Thai, Vietnamese Arabic, Chinese, Russian
Email Support
Call Support
Chat Support

Reviews

General Review Read Axiory Review Read HYCM Review
User Reviews -

G. Vijandren

Sep 5 2021

Actually, I always pick a broker according to personal preferences and convenience is the most important feature in trading with a broker for me. That's why I tend to spend plenty of time on the process of choosing a broker. Of course, I don't advise traders to waste their time on this process, nevertheless, I have my own preferences as I said. HYCM surprised me by its approach to traders, mostly because I found here great customer support, which often can meet my needs and answer my questions. Moreover, I should admit that the system of account diversification is quite useful and adds a bit of competitiveness.

Wafa Comar

Aug 24 2021

As far as I am concerned it's really vital for traders to have a broker who will help to sort out various issues, that's why HYCM has multilingual customer support with an opportunity to connect with them via email and live chat. I believe that it's a great indicator of a reliable broker which values not only its reputation but also cares about traders. In addition, I want to note the ability to choose the most suitable trading platform.

More User Review

Start Trading

Open Real Account Open Axiory Real Account Open HYCM Real Account




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, Axiory provides their pricing with Fixed while HYCM offers Fixed.



Axiory 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, Axiory enables trading with MetaTrader 4 (Limited with 180 days of inactivity), MetaTrader 5, cTrader (Limited with 180 days of inactivity). The offer is supported with Mobile trading, Browser-based platform, Trading via API, One-click trading, Trailing stop, Pending orders. In comparison, HYCM provides trading with MetaTrader 4, MetaTrader 5 with the support of Mobile trading, Browser-based platform, One-click trading, Trailing stop, Pending orders, One-Cancels-Other (OCO) orders.



Is Axiory 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, Axiory supports trading with Forex, Gold & silver, CFD, Stocks, ETF, while HYCM presents the ability of trading with Forex, Stocks, Indexes, Soft commodities, Metals, Energies, Cryptocurrencies.

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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