Argonaut Securities vs HYCM, Who's The Best?
Argonaut Securities Rating
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HYCM Rating
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Your capital is at risk |
Losses can exceed deposits |
Argonaut Securities vs HYCM Guide |
Read our In-Depth Argonaut Securities vs HYCM Review - 2024 Update
Our review comparing Argonaut Securities and HYCM has been revised to reflect any changes for 2024 from seasoned professionals boasting years of financial experience in Social Trading, Forex, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of Argonaut Securities vs HYCM does not apply to all countries as follows:
Argonaut Securities Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
HYCM Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare Argonaut Securities vs HYCM
Every platforms for online trading will have a few pros and cons, and a complete Argonaut Securities and HYCM review should not be regarded as thorough without embracing a fair assessment.
Compare HYCM and Argonaut Securities to understand just how these platforms compare against one another before you decide to make an account. Performing a side-by-side comparison will place factors into perspective in order that you're informed about the expectations.
So you are looking for an online trading platform and are choosing between Argonaut Securities or HYCM. Which one is best in 2024?
Our Argonaut Securities vs HYCM comparison contains the latest information so you can easily compare HYCM against Argonaut Securities.
If you're a new entrant in the realm of trading and brokerages, so many details will be perplexing for you. Getting into the world of trading requires expert analyzing skills and comprehensive understanding. You will acquire adept at all the concepts of broker as you keep trading. For starters, you need to choose the right agent who'll be clear with you always.
Within this fast-paced universe of stock markets and trading, you will need advice to make correct decisions. A professionally direct investment plan has the potential to create hefty returns. Argonaut Securities and HYCM are two such trading platforms that will take you along with your investment to great heights. It is crucial to compare Argonaut Securities vs HYCM before you trust them with your money.
Our Argonaut Securities vs HYCM comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust Argonaut Securities and HYCM side by side.
Our full Argonaut Securities vs HYCM Review covers all you need to know about trading using either Argonaut Securities or HYCM. A fantastic broker can multiply your first investments and provide you positive profits. If you want to earn profits, you must trade with a brokerage service that aligns with your investment goals.
There's absolutely no sure-fire method to guarantee profits; therefore, you should carefully assess your broker before you choose them. It is a common misconception that all agents will be exactly the same, but that is not true. Wrong judgment, in the beginning, can set your investments at risk.
Argonaut Securities and HYCM are both brokers which have paved their way successfully to the broker world. Within this review, we've tried to collate a number of the vital aspects of both Argonaut Securities and HYCM. This review will allow you to know whether either HYCM or Argonaut Securities is a fantastic fit for your own investments or not. We've tried to breakdown all the qualities and charges for your advantage.
Benefits of Argonaut Securities and HYCM Compared
Argonaut Securities has a minimum deposit of $1 while HYCM has a $100 minimum deposit.
Why smaller minimum deposits are good and how Argonaut Securities and HYCM compare
The main reason is that you should only deposit what you can afford. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.
Argonaut Securities has around 37 financial instruments while HYCM has around 37 financial instruments available.
The more financial instruments you can trade on the Argonaut Securities and HYCM trading platforms the better. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you should never want to miss out on a trading opportunity due to the limitations of Argonaut Securities or HYCM.
Argonaut Securities and HYCM Contact Details
Being able to contact a broker through many ways is vital. Argonaut Securities and HYCM have the following contact details and social medias that you can use.
Broker | Argonaut Securities | HYCM |
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Telephone Number | +44 20 8816 7812 | |
support@hycm.com | ||
Address | 3rd Floor, 28 Throgmorton St, London, Greater London EC2N 2AN | |
Argonaut Securities Twitter Account | HYCM Twitter Account | |
Argonaut Securities Facebook Page | HYCM Facebook Page | |
Argonaut Securities Instagram Account | HYCM Instagram Account | |
Argonaut Securities LinkedIn Page | HYCM LinkedIn Page | |
YouTube | Argonaut Securities YouTube Channel | HYCM YouTube Channel |
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HYCM and Argonaut Securities Mobile App Comparison
As more and more traders and investors use their smartphones for trading, it is increasingly important that brokers offer easy-to-use apps that can deliver the same services as desktop platforms.
In this part of our comparison of Argonaut Securities and HYCM we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate the user-friendliness of the apps as Better than the average.
It is crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
Search Functions
Although most brokers do OK in this area, there are some bad apples out there. For example, if you start typing 'Emerging markets', will the software find all the Emerging markets ETFs for you, even if their name doesn't start with 'emerging'? If you only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
Argonaut Securities vs HYCM - Awards
Argonaut Securities vs HYCM - Frequently Asked Questions
Argonaut Securities vs HYCM - Headquarters And Year Of Founding
Argonaut Securities was founded in 2009 and has its head office in Australia.
HYCM was founded in 1977 and has its headquaters in UK.
What is the minimum deposit for HYCM or Argonaut Securities
The minimum deposit for Argonaut Securities is $1.
The minimum deposit for HYCM is $100.
Depending on your current situation, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both Argonaut Securities and HYCM are a good choice.
Argonaut Securities vs HYCM - Regulation And Licencing In More Detail
Argonaut Securities is regulated by Australian Securities Exchange (ASX), Australian Securities and Investment Commission (ASIC), Securities and Futures Ordinance (SFO), Securities and Futures Commission (SFC).
HYCM is regulated by Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048.
Both Argonaut Securities and HYCM have a strong collection of rules for ensuring fair trading onto their platforms. For information encryption purposes, they provide industry-standard secure socket layers (SSL).
In accordance with their individual privacy regulations, client information is to not be shared with any other institutions or individuals. Including credit history and other financial details.
Compare Argonaut Securities vs HYCM Commission And Fees
Argonaut Securities and HYCM are online brokerage platforms, and many online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the companies of online trading platforms are scaled much better. That is, an internet broker isn't necessarily affected by the amount of customers they have.
However, this doesn't mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to make money. There are mainly 3 different types of penalties for this purpose.
The first kind of charges to look out for are trading charges. When you make a genuine trade, like buying a stock or an ETF, you're billed trading charges. In these cases, you're paying a spread, financing rate, or a commission. The sorts of trading charges and the prices vary from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the flip side, a spread refers to the gap between the buying and selling price. Financing or overnight prices are those that are billed when you hold a leveraged position for longer than daily.
Aside from trading charges, online agents also charge non-trading fees. These are dependent on the actions you undertake in your account. They are charged for operations like depositing money, not investing for lengthy periods, or withdrawals.
In general, neither Argonaut Securities or HYCM charge high fees in comparison to other online brokers. For operations other agents charge for, they either do not charge a broker fee, or they charge a lesser sum. This is beneficial for those who often exchange, for example weekly or daily trading.
But, non-trading fees billed by Argonaut Securities and HYCM are relatively greater. Consequently, you're billed more for non-trading actions on your trading account, like withdrawal and deposits. These are not related to the purchase and sale of assets.
This Argonaut Securities vs HYCM review for 2024 breaks down each of the relevant non-trading charges for you in detail.
Compare Broker Fees For Argonaut Securities And HYCM
What Languages Do Argonaut Securities And HYCM Support?
Being able to communicate easily with your trading platform is a key part of comparing online brokers to find your perfect trading partner. Not only for support but to ensure you understand everything on their website and inside their app as it is a key factor to success when trading forex.
Here you can find all the languages that both Argonaut Securities and HYCM offer communication in.
Broker | Argonaut Securities | HYCM |
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Languages Supported | English, and Chinese | English, Chinese, Chinese (Traditional), Arabic, and Russian |
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How Many Clients Do Argonaut Securities and HYCM Have?
Both Argonaut Securities and HYCM are well established with their customer base. It is important to work with a broker that is reputable and one of the most simple ways of understanding this is by knowing how many customers are using their services.
Below you will find details of how many customers Argonaut Securities and HYCM are active on their platform
Broker | Argonaut Securities | HYCM |
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Clients / Users | 10,000+ | 10,000+ |
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What Payment Methods Do Argonaut Securities and HYCM Accept?
Argonaut Securities and HYCM both offer a wide range of payment options which is vital when you have a global customer base.
Below you will find details of all the payment options available at Argonaut Securities and HYCM
What Can You Trade With Argonaut Securities and HYCM?
Argonaut Securities offers 37 trading instruments while HYCM offers 100.
Below you will find a full breakdown of what both Argonaut Securities and HYCM offer.
Argonaut Securities Review
Argonaut Securities vs HYCM:
Table Of Contents
- Compare Argonaut Securities vs HYCM
- Benefits of Argonaut Securities and HYCM Compared
- HYCM and Argonaut Securities Mobile App Comparison
- Argonaut Securities vs HYCM - Awards
- Argonaut Securities vs HYCM - Frequently Asked Questions
- What is the minimum deposit for HYCM or Argonaut Securities
- Argonaut Securities vs HYCM - Regulation And Licencing In More Detail
- Compare Broker Fees For Argonaut Securities And HYCM
- What Languages Do Argonaut Securities And HYCM Support?
- How Many Clients Do Argonaut Securities and HYCM Have?
- What Payment Methods Do Argonaut Securities and HYCM Accept?
- What Can You Trade With Argonaut Securities and HYCM?