FX Primus vs HYCM, Who's The Best?

Compare FX Primus vs HYCM

Every platforms for online trading feature some advantages and disadvantages, and any comprehensive review of FX Primus and HYCM would not be regarded as thorough without having a balanced approach.

Assess HYCM and FX Primus in order to understand how these platforms line up to one another prior to you choose to open an account. Conducting a side-by-side comparison will place factors into perspective in order that you remain cognizant of the expectations.

So you are looking for an online trading platform and are choosing between FX Primus or HYCM. Which one is best in 2023?

This FX Primus vs HYCM comparison contains the latest information so you can easily compare HYCM against FX Primus.

If you are a new entrant in the realm of trading and brokerages, so many details will be confusing for you. Getting into the world of trading requires expert analyzing skills and comprehensive understanding. You'll get proficient at all of the concepts of brokerage as you keep trading. For starters, you have to select the ideal broker who will be clear with you always.

Within this fast-paced world of stock markets and trading, you'll need advice to make correct decisions. A professionally lead investment program has the potential to generate hefty returns. FX Primus and HYCM are two such companies that will take you along with your investment into great heights. It's important to compare FX Primus vs HYCM until you trust them with your cash.

Our FX Primus vs HYCM comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust FX Primus and HYCM side by side.

Our full FX Primus vs HYCM Review covers everything you need to learn about trading with either FX Primus or HYCM. A fantastic agent can multiply your first investments and give you positive profits. If you would like to earn profits, you should trade with a brokerage service that contrasts with your investing objectives.

There's absolutely no sure-fire way to guarantee profits; thus, you should carefully analyze your broker before you select them. It's a common misconception that all brokers will be the same, but that's not true. Wrong judgment, in the beginning, can put your investments at risk.

FX Primus 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 important facets of both FX Primus and HYCM. This review will help you to know whether either HYCM or FX Primus is a good match for your own investments or not. We've tried to breakdown all the features and charges for your advantage.

Benefits of FX Primus and HYCM Compared

FX Primus has a minimum deposit of $100 while HYCM has a $100 minimum deposit.

Why smaller minimum deposits are good and how FX Primus 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.

FX Primus has around 100 financial instruments while HYCM allows you to trade around 100 available.

The more instruments you can trade on the FX Primus and HYCM 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 FX Primus or HYCM.

FX Primus and HYCM Contact Details

Being able to contact your broker simply is vital. FX Primus and HYCM have the following contact details and social medias that you can use.

HYCM and FX Primus Mobile App Comparison

It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.

This part of comparing FX Primus and HYCM will examine whether their mobile app meets all our requirements.

We rate overall the user-friendliness of both 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?

FX Primus vs HYCM - Awards

FX Primus vs HYCM - Frequently Asked Questions

FX Primus vs HYCM - Headquarters And Year Of Founding

FX Primus was founded in 2009 and has its head office in Cyprus.

HYCM was founded in 1977 and has its headquaters in UK.

What is the minimum deposit for HYCM or FX Primus

The minimum deposit for FX Primus is $100.

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 FX Primus and HYCM are a good option.

FX Primus vs HYCM - Regulation And Licencing In More Detail

FX Primus is regulated by Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID).

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 FX Primus and HYCM have a powerful set of rules for ensuring fair trading onto their own platforms. For data encryption purposes, they supply industry-standard secure socket layers (SSL).

In accordance with their privacy regulations, customer data is never to be shared with any other institutions or individuals. This includes credit history and other financial information.

Compare FX Primus vs HYCM Commission And Fees

FX Primus and HYCM are online brokerage platforms, and most online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the businesses of online brokerages are scaled much better. That is, an internet broker isn't necessarily affected by the amount of customers they have.

However, this does not mean that online brokers don't charge any fees. They charge prices of varying rates for various services to make money. There are primarily three different types of penalties for this purpose.

The first kind of fees to look out for are trading charges. Whenever you make a genuine trade, like buying a stock or an ETF, you are charged trading fees. In such cases, you are paying a spread, funding speed, or a commission. The kinds of trading charges and the rates vary from broker to broker.

Commissions could be fixed or determined by the traded quantity. On the other hand, a spread refers to the difference between the buying and selling cost. Funding or overnight prices are people who are charged when you maintain a leveraged position for longer than daily.

Apart from trading charges, online agents also charge non-trading fees. These are determined by the activities you undertake in your account. They are charged for operations like depositing money, not investing for long periods, or withdrawals.

In general, neither FX Primus or HYCM charge high fees compared to other online agents. For operations other agents charge for, they do not charge a brokerage fee, or they charge a smaller sum. This can be beneficial for those who regularly exchange, for example daily or weekly trading.

However, non-trading fees charged by FX Primus and HYCM are relatively higher. As a result, you are charged more for non-trading activities on your trading account, such as withdrawal and deposits. These are not related to the purchase and sale of resources.

This FX Primus vs HYCM review for 2023 breaks down each of the applicable non-trading charges for you in detail.

Compare Broker Fees For FX Primus And HYCM

What Languages Do FX Primus And HYCM Support?

Being able to communicate easily with your online platform is a key element when comparing brokers to find your perfect trading partner. Not only for support but to ensure you completely understand everything on their site and inside their application as it is a key part of success when trading online.

Below you will find the languages that both FX Primus and HYCM offer communication in.

How Many Clients Do FX Primus and HYCM Have?

Both FX Primus and HYCM are well established with their customer base. It is really important to work with a broker you can trust and one of the easiest ways of establishing this is by knowing how many clients are using their services.

Below you will find details of how many clients FX Primus and HYCM are active on their platform

What Payment Methods Do FX Primus and HYCM Accept?

FX Primus 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 FX Primus and HYCM

What Can You Trade With FX Primus and HYCM?

FX Primus offers 100 trading instruments and HYCM offers 100.

Below you will find a full breakdown of what both FX Primus and HYCM offer.