AxiTrader vs HYCM, 2024 Update
Read our In-Depth AxiTrader vs HYCM Review - for 2024
This review comparing AxiTrader and HYCM has been updated for 2024 from knowledgeable insiders with years of expertise across CFDs, Social Trading, & Forex.
Please note that due to regulations for each broker, the content in this comparison of AxiTrader vs HYCM does not apply to all countries as follows:
AxiTrader 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 AxiTrader vs HYCM
Each online trading platforms has certain advantages and disadvantages, so any comprehensive analysis of AxiTrader vs HYCM should not be regarded as thorough without adopting a fair assessment.
Assess AxiTrader and HYCM to understand just how these platforms line up to each prior to you make an account. A side-by-side comparison will put things in perspective so that you're cognizant of what you should anticipate.
So you are looking for a professional broker and are choosing between AxiTrader or HYCM. Which one is best in 2024?
Our AxiTrader vs HYCM comparison contains the most recent information so you can easily compare HYCM against AxiTrader.
If you are a new entrant in the realm of trading and brokers, so many nuances will be confusing for you. Getting into the area of trading demands expert assessing skills and comprehensive knowledge. You will get proficient at all of the concepts of broker as you continue trading. For starters, you have to choose the ideal broker who'll be transparent with you constantly.
In this fast-paced world of stock markets and trading, you'll need guidance to make proper decisions. A professionally lead investment program has the potential to create hefty returns. AxiTrader and HYCM are just two such companies which will take you and your investment into great heights. It is crucial that you compare AxiTrader vs HYCM before you trust them with your money.
Our AxiTrader vs HYCM comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust AxiTrader and HYCM side by side.
Our entire AxiTrader vs HYCM Review covers everything you will need to learn about trading with either AxiTrader or HYCM. A fantastic agent can multiply your first investments and provide you favorable profits. If you would like to make profits, you should trade with a brokerage service that aligns with your investing objectives.
There is no sure-fire way to guarantee profits; thus, you must carefully assess your broker before you choose them. It's a common misconception that all agents are the same, but that's not true. Wrong judgment, in the beginning, can put your investments at risk.
AxiTrader and HYCM are both brokers which have forged their way successfully into the brokerage world. In this review, we've attempted to collate a number of the important aspects of both AxiTrader and HYCM. This review will help you to understand whether either HYCM or AxiTrader is a fantastic match for your own investments or not. We've tried to breakdown all the qualities and fees for your convenience.
Benefits of AxiTrader and HYCM Compared
AxiTrader offers a minimum deposit of $0 while HYCM offers a $100 minimum deposit.
Why smaller minimum deposits are good and how AxiTrader 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.
AxiTrader has around 100 financial instruments whilst HYCM has around 100 financial instruments available.
The more financial instruments you can trade on the AxiTrader 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 never want to miss out on a trading opportunity due to the limitations of AxiTrader or HYCM.
AxiTrader and HYCM Contact Details
Being able to contact your broker through many ways is vital. AxiTrader and HYCM have the following contact details and social medias that you can use.
Broker | AxiTrader | HYCM |
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Telephone Number | +61 2 9965 5830 | +44 20 8816 7812 |
service@axi.com | support@hycm.com | |
Address | 36 - 38 Leadenhall St, London, Greater London EC3A 1AT | 3rd Floor, 28 Throgmorton St, London, Greater London EC2N 2AN |
AxiTrader Twitter Account | HYCM Twitter Account | |
AxiTrader Facebook Page | HYCM Facebook Page | |
AxiTrader Instagram Account | HYCM Instagram Account | |
AxiTrader LinkedIn Page | HYCM LinkedIn Page | |
YouTube | AxiTrader YouTube Channel | HYCM YouTube Channel |
Find Out More |
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HYCM and AxiTrader 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 AxiTrader and HYCM we'll check whether either of their mobile apps tick all the boxes.
We rate overall the user-friendliness of the apps as better than average.
It is important that any trading app has user friendly capabilities especially with the
Search Functions
While most brokers are good at this, there are some poor ones. 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?
AxiTrader vs HYCM - Awards
Broker | AxiTrader | HYCM |
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Awards |
AxiTrader have won several industry awards over the years they have been operating as an online trading platform. We show the most notable awards for AxiTrader here.
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At the time of writing this HYCM review, and despite HYCM’s impressive offering, the company has surprisingly not garnered any awards to date. |
Find Out More |
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AxiTrader vs HYCM - Frequently Asked Questions
AxiTrader vs HYCM - Headquarters And Year Of Founding
AxiTrader was founded in 2007 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 AxiTrader
The minimum deposit for AxiTrader is $0.
The minimum deposit for HYCM is $100.
Depending on your circumstances, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both AxiTrader and HYCM are a good option.
AxiTrader vs HYCM - Regulation And Licencing In More Detail
AxiTrader is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA).
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 AxiTrader and HYCM have a powerful set of rules for ensuring fair trading on their platforms. For information encryption functions, they provide industry-standard secure socket layers (SSL).
As per their individual privacy policies, client data is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare AxiTrader vs HYCM Commission And Fees
AxiTrader and HYCM are online brokerage platforms, and most online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the companies of online trading platforms are scaled better. That is, an online broker isn't necessarily affected by the amount of clients they have.
But this doesn't mean that online brokers don't charge any fees. They charge fees of varying rates for various services to earn money. There are mainly 3 types of fees for this purpose.
The first kind of charges to look out for are trading fees. When you make an actual trade, like buying a stock or an ETF, you are charged trading charges. In such instances, you're spending a spread, financing speed, or a commission. The kinds of trading fees and the rates vary from broker to broker.
Commissions could be fixed or determined by the traded volume. On the other hand, a spread denotes the gap between the buying and selling cost. Financing or overnight prices are those who are charged when you hold a leveraged position for more than daily.
Aside from trading charges, online brokers also bill non-trading fees. These are dependent on the activities you undertake on your account. They are charged for surgeries like depositing money, not trading for long periods, or withdrawals.
Generally, neither AxiTrader or HYCM charge high fees compared to other online agents. For operations other brokers charge for, they do not charge a broker fee, or they charge a smaller sum. This is beneficial for people who regularly exchange, for example weekly or daily trading.
However, non-trading fees billed by AxiTrader and HYCM are comparatively competitive. As a result, you're billed more for non-trading actions on your trading account, like withdrawal and deposits. These are not about the purchase and sale of resources.
This AxiTrader vs HYCM review for 2024 breaks down every one of the applicable non-trading charges for you in detail.
Compare Broker Fees For AxiTrader And HYCM
What Languages Do AxiTrader And HYCM Support?
Being able to communicate completely with your online broker is a key element when comparing online brokers to find the best broker. Not only for support but to be sure you completely understand everything on their website and inside their application as it is a key part of success when trading online.
Below you will find the languages that both AxiTrader and HYCM support.
How Many Clients Do AxiTrader and HYCM Have?
Both AxiTrader and HYCM are well known and trusted. It is important to work with a broker you can trust and one of the most simple ways of understanding this is by knowing how many clients are using their services.
Below you will find details of how many customers AxiTrader and HYCM have
What Payment Methods Do AxiTrader and HYCM Accept?
AxiTrader 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 AxiTrader and HYCM
What Can You Trade With AxiTrader and HYCM?
AxiTrader offers 100 trading instruments while HYCM offers 100.
Below you will find a full breakdown of what both AxiTrader and HYCM offer.
AxiTrader Review
AxiTrader vs HYCM:
Table Of Contents
- Compare AxiTrader vs HYCM
- Benefits of AxiTrader and HYCM Compared
- HYCM and AxiTrader Mobile App Comparison
- AxiTrader vs HYCM - Awards
- AxiTrader vs HYCM - Frequently Asked Questions
- What is the minimum deposit for HYCM or AxiTrader
- AxiTrader vs HYCM - Regulation And Licencing In More Detail
- Compare Broker Fees For AxiTrader And HYCM
- What Languages Do AxiTrader And HYCM Support?
- How Many Clients Do AxiTrader and HYCM Have?
- What Payment Methods Do AxiTrader and HYCM Accept?
- What Can You Trade With AxiTrader and HYCM?