Forex EE vs HYCM, Who's Better?
Forex EE Rating
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HYCM Rating
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Your capital is at risk |
Losses can exceed deposits |
Forex EE vs HYCM Guide |
Read our In-Depth Forex EE vs HYCM Review - Updated for 2024
This review comparing Forex EE and HYCM has been updated for 2024 by industry experts with extensive financial experience across Social Trading, Forex, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of Forex EE vs HYCM does not apply to all countries as follows:
Forex EE 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 Forex EE vs HYCM
Every platforms for online trading has a few ups and downs, and a complete analysis of Forex EE vs HYCM cannnot be regarded as thorough without adopting a fair assessment.
Examine HYCM and Forex EE in order to understand how these platforms stack up to each other prior to you open an account. Conducting a comparative analysis can bring aspects into perspective so that you're cognizant of what to expect.
So you are looking for a broker and are choosing between Forex EE or HYCM. Who should you choose?
This Forex EE vs HYCM comparison contains the most recent information so you can easily compare HYCM against Forex EE.
If you are a new entrant in the realm of trading and brokers, so many facts will be perplexing for you. Getting into the area of trading demands expert assessing skills and thorough knowledge. You'll get adept at all of the concepts of broker since you continue trading. For starters, you need to choose the ideal broker who will be transparent with you constantly.
Within this fast-paced world of stock markets and trading, you will need advice to make correct decisions. A professionally direct investment program has the potential to create hefty returns. Forex EE and HYCM are two such companies which will take you and your investment into great heights. It's crucial that you compare Forex EE vs HYCM until you trust them with your cash.
Our Forex EE vs HYCM comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust Forex EE and HYCM side by side.
Our entire Forex EE vs HYCM Review covers everything you need to know about trading using either Forex EE or HYCM. A good broker can multiply your initial investments and give you positive profits. If you would like to make profits, you should trade with a broker service that contrasts with your investment objectives.
There's absolutely no sure-fire method to ensure profits; therefore, you should carefully assess your broker before you select them. It's a frequent misconception that all brokers will be exactly the same, but that's not true. Wrong judgment, in the beginning, can put your investments at risk.
Forex EE and HYCM are both brokers that have found their way successfully to the brokerage world. In this review, we've attempted to collate some of the vital aspects of both Forex EE and HYCM. This review will allow you to know whether either HYCM or Forex EE is a fantastic match for your investments or not. We've attempted to breakdown all of the qualities and charges for your advantage.
Benefits of Forex EE and HYCM Compared
Forex EE offers a minimum deposit of $100 while HYCM offers a $100 minimum deposit.
Why smaller minimum deposits are good and how Forex EE 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.
Forex EE allows you to trade around 104 financial instruments whilst HYCM allows you to trade around 104 on their platform.
The more instruments you can trade on the Forex EE 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 seriously do not want to miss out on a trading opportunity due to the limitations of Forex EE or HYCM.
Forex EE and HYCM Contact Details
Being able to contact an online trading platform simply is a sign of a professional broker. Forex EE and HYCM have the following contact details and social medias that you can use.
Broker | Forex EE | 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 | |
Forex EE Twitter Account | HYCM Twitter Account | |
Forex EE Facebook Page | HYCM Facebook Page | |
Forex EE Instagram Account | HYCM Instagram Account | |
Forex EE LinkedIn Page | HYCM LinkedIn Page | |
YouTube | Forex EE YouTube Channel | HYCM YouTube Channel |
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HYCM and Forex EE 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 Forex EE and HYCM we'll check whether either of their mobile apps tick all the boxes.
We rate overall the user-friendliness of both 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 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?
Forex EE vs HYCM - Awards
Forex EE vs HYCM - Frequently Asked Questions
Forex EE vs HYCM - Headquarters And Year Of Founding
Forex EE was founded in 2008 and has its headquaters in Grenadines.
HYCM was founded in 1977 and has its head office in UK.
What is the minimum deposit for HYCM or Forex EE
The minimum deposit for Forex EE is $100.
The minimum deposit for HYCM is $100.
Depending on your needs, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both Forex EE and HYCM are a good option.
Forex EE vs HYCM - Regulation And Licencing In More Detail
Forex EE is regulated by Ministry of Economic Affairs in Estonia.
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 Forex EE and HYCM have a powerful collection of rules for ensuring fair trading on their individual platforms. For information encryption functions, they supply industry-standard secure socket layers (SSL).
As per 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 Forex EE vs HYCM Commission And Fees
Forex EE 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 trading platforms are scaled much better. That is, an internet broker isn't necessarily affected by the number of customers they have.
However, this doesn't mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to make money. There are primarily 3 types of fees for this objective.
The first sort of charges to keep an eye out for are trading fees. When you make a genuine trade, like purchasing a stock or an ETF, you're billed trading fees. In these cases, you are spending a spread, funding rate, or a commission. The kinds of trading fees and the prices vary from broker to broker.
Commissions could be fixed or determined by the traded volume. On the flip side, a spread denotes the difference between the buying and selling price. Funding or overnight prices are those who are billed when you maintain a leveraged position for more than a day.
Apart from trading charges, online brokers also bill non-trading fees. These are dependent on the actions you undertake on your account. They are charged for operations like depositing cash, not investing for long periods, or withdrawals.
Generally, neither Forex EE or HYCM charge high fees in comparison to other online brokers. For operations other brokers charge for, they either do not charge a brokerage fee, or they charge a smaller amount. This can be beneficial for people who often exchange, such as daily or weekly trading.
But, non-trading fees charged by Forex EE and HYCM are comparatively competitive. As a result, you are charged more for non-trading activities in your trading accounts, such as withdrawal and deposits. These are not related to the sale and purchase of assets.
This Forex EE vs HYCM review for 2024 breaks down every one of the relevant non-trading charges for you in detail.
Compare Broker Fees For Forex EE And HYCM
Broker | Forex EE | HYCM |
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Minimum Deposit | $100 | $100 |
Withdrawal Fees | Yes | Yes |
Inactivity Fees | No | Yes |
Deposit Fees | No | No |
CFD Fees | No | No |
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What Languages Do Forex EE And HYCM Support?
Being able to communicate completely with your online broker is a key part of comparing trading platforms to find the best trading partner. Not only for support but to be sure you understand everything on their website and inside their application as it is a key part of success when trading online.
Here you can find the languages that both Forex EE and HYCM support.
Broker | Forex EE | 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 Forex EE and HYCM Have?
Both Forex EE and HYCM are well established with their client base. It is really important to work with an online broker that is professional and one of the easiest ways of establishing this is by knowing how many customers they already work with.
Below you will find details of how many customers Forex EE and HYCM are working with
Broker | Forex EE | HYCM |
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Clients / Users | 10,000+ | 10,000+ |
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What Payment Methods Do Forex EE and HYCM Accept?
Forex EE 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 Forex EE and HYCM
Broker | Forex EE | HYCM |
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Bank Transfers | Yes | Yes |
Credit Cards | Yes | Yes |
PayPal | No | Yes |
Skrill | No | Yes |
Payoneer | Yes | Yes |
Neteller | No | Yes |
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What Can You Trade With Forex EE and HYCM?
Forex EE offers 104 trading instruments and HYCM offers 100.
Below you will find a full breakdown of what both Forex EE and HYCM offer.
Forex EE Review
Forex EE vs HYCM:
Table Of Contents
- Compare Forex EE vs HYCM
- Benefits of Forex EE and HYCM Compared
- HYCM and Forex EE Mobile App Comparison
- Forex EE vs HYCM - Awards
- Forex EE vs HYCM - Frequently Asked Questions
- What is the minimum deposit for HYCM or Forex EE
- Forex EE vs HYCM - Regulation And Licencing In More Detail
- Compare Broker Fees For Forex EE And HYCM
- What Languages Do Forex EE And HYCM Support?
- How Many Clients Do Forex EE and HYCM Have?
- What Payment Methods Do Forex EE and HYCM Accept?
- What Can You Trade With Forex EE and HYCM?