ForexVox vs HYCM, Who's Better?
Read our In-Depth ForexVox vs HYCM Review - 2024 Update
This review comparing ForexVox and HYCM has been refreshed for 2024 by seasoned professionals boasting extensive expertise in CFDs, Forex, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of ForexVox vs HYCM does not apply to all countries as follows:
ForexVox Excluded Countries
United States of America,
HYCM Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare ForexVox vs HYCM
Each platforms for online trading has a few advantages and disadvantages, and a complete analysis of ForexVox vs HYCM would not be regarded as thorough without embracing an objective perspective.
Examine ForexVox and HYCM in order to understand how these platforms line up against each before you make an account. A side-by-side comparison can put things into perspective so that you are informed about the expectations.
So you are looking for a broker and are choosing between ForexVox or HYCM. Who is better in 2024?
Our ForexVox vs HYCM comparison contains the most recent information so you can easily compare HYCM against ForexVox.
If you are a new entrant in the realm of trading and brokers, so many nuances will be perplexing for you. Getting into the world of trading demands expert analyzing skills and thorough understanding. You'll get proficient at all the concepts of broker as you keep trading. For starters, you need to choose the right agent who will be clear with you always.
Within this fast-paced world of stock markets and trading, you'll need guidance to make correct decisions. A professionally lead investment program has the potential to create hefty returns. ForexVox and HYCM are two such trading platforms that will take you along with your investment to great heights. It's crucial that you compare ForexVox vs HYCM until you trust them with your money.
Our ForexVox vs HYCM comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust ForexVox and HYCM side by side.
Our full ForexVox vs HYCM Review covers all you need to learn about trading with either ForexVox or HYCM. A fantastic broker can multiply your first investments and provide you positive profits. If you would like to make profits, you should trade with a broker service that contrasts with your investing objectives.
There is no sure-fire way to ensure profits; thus, you should carefully analyze your agent before you select them. It is a common misconception that all brokers will be exactly the same, but that's not true. Wrong judgment, in the beginning, can set your investments at risk.
ForexVox and HYCM are both brokers which have forged their way successfully into the brokerage world. Within this review, we've attempted to collate a number of the vital facets of both ForexVox and HYCM. This review will help you to know whether either HYCM or ForexVox is a good fit for your own investments or not. We have attempted to breakdown all of the qualities and fees for your convenience.
Benefits of ForexVox and HYCM Compared
ForexVox has a minimum deposit of $0 while HYCM offers a $100 minimum deposit.
Why smaller minimum deposits are good and how ForexVox 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.
ForexVox allows you to trade around 101 financial instruments while HYCM has around 101 on their platform.
The more instruments you can trade on the ForexVox 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 ForexVox or HYCM.
ForexVox and HYCM Contact Details
Being able to contact a broker through many ways is vital. ForexVox and HYCM have the following contact details and social medias that you can use.
Broker | ForexVox | HYCM |
---|---|---|
Telephone Number | +44 20 8816 7812 | |
support@forexvox.com | support@hycm.com | |
Address | 51 Eastcheap, London, England, EC3M 1JP | 3rd Floor, 28 Throgmorton St, London, Greater London EC2N 2AN |
ForexVox Twitter Account | HYCM Twitter Account | |
ForexVox Facebook Page | HYCM Facebook Page | |
ForexVox Instagram Account | HYCM Instagram Account | |
ForexVox LinkedIn Page | HYCM LinkedIn Page | |
YouTube | ForexVox YouTube Channel | HYCM YouTube Channel |
Find Out More |
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HYCM and ForexVox Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
In this part of our comparison of ForexVox 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 important that any trading app has user friendly capabilities especially with the
Search Functions
Although most brokers do OK in this area, there are some bad apples out there. If you type 'Emerging markets' into the search box, the software will find all Emerging market ETFs, even if the name doesn't begin with 'emerging'. If you have only traded US stocks, and you start typing 'Apple', will the software show you either the obscure Irish stock Applegreen or the Apple stock?
ForexVox vs HYCM - Awards
ForexVox vs HYCM - Frequently Asked Questions
ForexVox vs HYCM - Headquarters And Year Of Founding
ForexVox was founded in 2019 and has its head office in UK.
HYCM was founded in 1977 and has its headquaters in UK.
What is the minimum deposit for HYCM or ForexVox
The minimum deposit for ForexVox is $0.
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 ForexVox and HYCM are a good option.
ForexVox vs HYCM - Regulation And Licencing In More Detail
ForexVox is regulated by Financial Conduct Authority (FCA) in the United Kingdom, FCA Register no: 586541, Financial Services Authority in Seychelles No: SD028.
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 ForexVox and HYCM have a powerful set of rules for ensuring honest trading on their platforms. For information encryption functions, they supply industry-standard secure socket layers (SSL).
As per their individual privacy policies, customer data is never to be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare ForexVox vs HYCM Commission And Fees
ForexVox and HYCM are online broker platforms, and most online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled better. That is, an online broker isn't necessarily influenced by the number of customers they have.
However, this doesn't mean that online brokers don't charge any fees. They charge fees of varying rates for various services to make money. There are primarily three different types of fees for this objective.
The first sort of charges to look out for are trading charges. Whenever you make an actual trade, like purchasing a stock or an ETF, you're charged trading charges. In such cases, you're paying a spread, financing rate, or even a commission. The kinds of trading charges and the rates vary from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the flip side, a spread denotes the difference between the buying and selling cost. Funding or overnight prices are people who are charged when you maintain a leveraged position for more than daily.
Aside from trading fees, online brokers also bill non-trading fees. These are determined by the activities you undertake on your account. They are billed for operations like depositing cash, not trading for long periods, or withdrawals.
In general, neither ForexVox or HYCM charge high fees compared to other online brokers. For operations other agents charge for, they do not charge a broker fee, or they charge a smaller amount. This is beneficial for those who often exchange, such as weekly or daily trading.
However, non-trading fees charged by ForexVox and HYCM are relatively lower. As a result, you are charged more for non-trading activities on your trading accounts, like deposits and withdrawal. These are not about the sale and purchase of assets.
This ForexVox vs HYCM review for 2024 breaks down every one of the applicable non-trading charges for you in detail.
Compare Broker Fees For ForexVox And HYCM
What Languages Do ForexVox And HYCM Support?
Being able to talk easily with your online 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 site and inside their app as it is a key part of success when trading online.
Here you can find the languages that both ForexVox and HYCM support.
How Many Clients Do ForexVox and HYCM Have?
Both ForexVox and HYCM are well known and trusted. It is really important to work with a broker that is reputable and one of the easiest ways of understanding this is by knowing how many clients they already work with.
Below you will find details of how many users ForexVox and HYCM are active on their platform
What Payment Methods Do ForexVox and HYCM Accept?
ForexVox 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 ForexVox and HYCM
What Can You Trade With ForexVox and HYCM?
ForexVox offers 101 trading instruments while HYCM offers 100.
Below you will find a full breakdown of what both ForexVox and HYCM offer.
ForexVox Review
ForexVox vs HYCM:
Table Of Contents
- Compare ForexVox vs HYCM
- Benefits of ForexVox and HYCM Compared
- HYCM and ForexVox Mobile App Comparison
- ForexVox vs HYCM - Awards
- ForexVox vs HYCM - Frequently Asked Questions
- What is the minimum deposit for HYCM or ForexVox
- ForexVox vs HYCM - Regulation And Licencing In More Detail
- Compare Broker Fees For ForexVox And HYCM
- What Languages Do ForexVox And HYCM Support?
- How Many Clients Do ForexVox and HYCM Have?
- What Payment Methods Do ForexVox and HYCM Accept?
- What Can You Trade With ForexVox and HYCM?