Compare Orbex Vs HYCM: Which is the Better Forex Broker in 2024?
Orbex 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 Orbex Vs HYCM, here is the direct comparison:
Compare | Orbex | HYCM |
General Rating |
2.38/5 |
2.08/5 |
Score | ||
Trustpilot |
4.4/5 39 users |
3.9/5 184 users |
πΌ Regulation | ||
β Info | ||
β Established | 2009 | 1977 |
π² Min Deposit | $200 | $100 |
β Max Leverage | 1:500 | 1:325 |
π’ Spread | Variable | Fixed |
πΈ Commissions | $5 | $4 |
π‘ Min Position | 0.1 lot | 0.01 lot |
π³ Payment | WebMoney, Skrill, Wire transfer, Credit/debit cards, Neteller, FasaPay, Tether (USDT) and Perfect Money | 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 | ||
Silver | ||
Index | ||
Indices | ||
Commodities | ||
Etf | ||
Bonds | ||
Stock | ||
Binary Options | ||
ETFs | ||
Corporate Stocks | ||
Shares | ||
Stocks 1:5 | ||
Physical Stock |
π£ Website Languages | Arabic, Bengali/Bangla, German, English, Persian, Indonesian, Italian, Japanese, Polish, Urdu, Chinese | Arabic, Russian, Chinese |
πͺ Trade Now | Open Orbex | Open HYCM |
Compare Again
Testimonials
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Orbex: One of the best broker. Good charts, good representatives, good...
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Orbex: I am using this broker for few month and earning...
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Orbex: Very good broker, fast execution, no slippage.
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Orbex: Professional broker and available all the time, effective market analysis,...
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Orbex: Good spreads. As a part time trader I want the...
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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 Orbex 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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Orbex and HonorFX Sign Partnership Strategic Agreement
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HYCM Unveils Dominic Poynter as CMO to Drive Strategic Marketing Vision
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Prepaid Card and Orbex Card App are Now Available
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Orbex Offers New Trading Account with Zero Spread
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HYCM Adds Zero Commission in Stock Trading
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Orbex Releases Trading Masterclass Live Webinar Series
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Orbex Awarded as the Most Transparent Forex Broker
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Orbex in Talks to Sponsor Fintech and Crypto Summit in Bahrain
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See More Related Orbex News
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See More Related HYCM News
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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, Orbex provides their pricing with Variable spread while HYCM offers Fixed spread.
Orbex 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, Orbex enables trading with MetaTrader 4 (Limited with 30 days of inactivity). 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 Orbex 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, Orbex supports trading with Forex, Gold & silver, CFD, Oil, Futures, Indexes, Crypto, 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 Orbex and HYCM:
- Compare Orbex vs BDSwiss
- Compare Orbex vs Vantage Markets
- Compare Orbex vs Tickmill
- Compare HYCM vs RoboForex
- Compare HYCM vs FirewoodFX
- Compare HYCM vs AvaTrade
For more comparisons, visit this page.