Compare FXOpen Vs HYCM: Which is the Better Forex Broker in 2024?
FXOpen 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 FXOpen Vs HYCM, here is the direct comparison:
Compare | FXOpen | HYCM |
General Rating |
2.86/5 |
2.10/5 |
Score | ||
Trustpilot |
4.2/5 12 users |
3.9/5 184 users |
πΌ Regulation | ||
β Info | ||
β Established | 2003 | 1977 |
π² Min Deposit | $1 | $100 |
β Max Leverage | 1:500 | 1:325 |
π’ Spread | Variable | Fixed |
πΈ Commissions | $1.50 | $4 |
π‘ Min Position | 0.01 lot | 0.01 lot |
π³ Payment | Wire transfer, Credit/debit cards, FasaPay, Crypto, Litecoin, Ethereum, Crypto Cash, Tether (USDT), WebMoney and AdvCash | WebMoney, Skrill, Wire transfer, Credit/debit cards, Neteller, Perfect Money and Crypto |
π’ Office(s) |
𧩠Demo Account | ||
π Segregated Account | ||
π Islamic Account | ||
π¨βπ» PAMM Account | ||
π Managed Account |
π± Hedging | ||
πΊπΈ US traders | ||
π Swaps |
π Trading contests | ||
β‘ Automated trading | ||
π° Bonus offers | ||
π Free education |
1οΈβ£ One-click trading | ||
β± Trailing stop | ||
β³ Pending orders |
Forex | ||
CFD | ||
Indexes | ||
Spread Betting | ||
Gold & Silver | ||
Crypto | ||
Stocks | ||
Oil | ||
Metals | ||
Energies | ||
Futures | ||
ETF | ||
Options | ||
Agriculture | ||
Indices | ||
Commodities | ||
Etf | ||
Bonds | ||
Stock | ||
Binary Options | ||
ETFs | ||
Corporate Stocks | ||
Shares | ||
EU Stocks | ||
Physical Stock | ||
Index |
π£ Website Languages | Arabic, German, English, Spanish, French, Hungarian, Indonesian, Italian, Russian, Chinese, Portuguese, Thai, Turkish | Arabic, Russian, Chinese |
πͺ Trade Now | Open FXOpen | Open HYCM |
Compare Again
Testimonials
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FXOpen: With them since 2018
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FXOpen: Good ECN Account
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FXOpen: Bad support
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FXOpen: FXOpen review
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FXOpen: Better than the rumour
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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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See More FXOpen Testimonials
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See More HYCM Testimonials
News
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HYCM Under New Management: Longtime Executives Lead Management Buyout
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FXOpen UK Forex Broker Reports 5.5% Revenue Increase
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FXOpen Introducing New ETF CFDs, Opening Doors to American, Chinese, and Indian Markets
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Automated EA and Indicator Script Now Available in FXOpen
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HYCM Unveils Dominic Poynter as CMO to Drive Strategic Marketing Vision
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FXOpen Releases New Exotic Currency Pairs on its Platform
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HYCM Adds Zero Commission in Stock Trading
-
FXOpen Reduces the Minimum Size of Index CFDs
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FXOpen Books the Most Innovative Awards from Traders Union
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See More Related FXOpen News
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See More Related HYCM News
Article
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Your Guide to FXOpen Forex Contests in 2023
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FXOpen Vs Tickmill for Cryptocurrency Trading
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Is FXOpen PAMM Service Worth It?
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FXOpen ECN vs STP Account
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Your Definitive Guide to FXOpen ECN Account
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Guide to FXOpen Deposit and Withdrawal
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All You Need to Know about FXOpen Mobile App
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How to Open Account in FXOpen
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FXOpen Copy Trading: Perfect Chance to Get Passive Income
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See More Related FXOpen Article
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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, FXOpen provides their pricing with Variable spread while HYCM offers Fixed spread.
FXOpen 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, FXOpen enables trading with MetaTrader 4 (Limited with 30 days), MetaTrader 5 (Limited with 30 days), TickTrader (Limited with 30 days), TradingView, 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 FXOpen 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, FXOpen supports trading with Crypto, Etf, Commodities, Forex, Gold & silver, CFD, Oil, Stocks, Indexes, 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.
Looking for more references? Here are other comparisons related to FXOpen and HYCM:
- Compare FXOpen vs BDSwiss
- Compare FXOpen vs Blaze Markets
- Compare FXOpen vs Forex4You
- Compare HYCM vs FXGT
- Compare HYCM vs ThinkMarkets
- Compare HYCM vs FXTM
For more comparisons, visit this page.