HYCM vs Abshire Smith, Updated for 2024
HYCM Rating
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Abshire Smith Rating
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Losses can exceed deposits |
Your capital is at risk |
HYCM vs Abshire Smith Guide |
Read our In-Depth HYCM vs Abshire Smith Review - 2024 Update
Our review comparing HYCM and Abshire Smith has been refreshed for 2024 by seasoned professionals boasting considerable financial experience in Social Trading, Forex, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of HYCM vs Abshire Smith does not apply to all countries as follows:
HYCM Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Abshire Smith Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare HYCM vs Abshire Smith
All platforms for online trading feature some ups and downs, so a complete analysis of HYCM vs Abshire Smith cannnot be complete without having an objective perspective.
Examine Abshire Smith and HYCM in order to understand the way they compare with one another before you choose to create an account. Performing a comprehensive comparison can place factors into perspective in order that you're aware of the expectations.
So you are looking for a broker and are choosing between HYCM or Abshire Smith. Which one is best in 2024?
Our HYCM vs Abshire Smith comparison contains the most recent information so you can easily compare Abshire Smith against HYCM.
If you're a new entrant in the realm of trading and brokerages, so many nuances will be confusing for you. Getting into the world of trading demands expert assessing skills and thorough knowledge. You'll acquire adept at all the concepts of broker since you continue trading. For starters, you have to select the right agent who will be transparent 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 plan has the potential to create hefty returns. HYCM and Abshire Smith are just two such companies that will take you and your investment into great heights. It is crucial to compare HYCM vs Abshire Smith until you trust them with your money.
Our HYCM vs Abshire Smith comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust HYCM and Abshire Smith side by side.
Our full HYCM vs Abshire Smith Review covers everything you need to know about trading with either HYCM or Abshire Smith. A good broker can multiply your first investments and provide you favorable profits. If you want to make profits, you should trade with a broker service that contrasts with your investment goals.
There's absolutely no sure-fire way to guarantee profits; therefore, you should carefully assess your broker before you select them. It is a common misconception that all brokers are exactly the same, but that is not true. Wrong judgment, initially, can set your investments at risk.
HYCM and Abshire Smith are both brokers that have paved their way successfully into the brokerage world. In this review, we've tried to collate a number of the important facets of both HYCM and Abshire Smith. This review can allow you to understand whether either Abshire Smith or HYCM is a good match for your investments or not. We've attempted to breakdown all the features and fees for your convenience.
Benefits of HYCM and Abshire Smith Compared
HYCM offers a minimum deposit of $100 while Abshire Smith offers a $500 minimum deposit.
Why smaller minimum deposits are good and how HYCM and Abshire Smith 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.
HYCM has around 100 financial instruments while Abshire Smith allows you to trade around 100 available.
The more financial instruments you can trade on the HYCM and Abshire Smith 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 HYCM or Abshire Smith.
HYCM and Abshire Smith Contact Details
Being able to contact your broker simply is a sign of a professional broker. HYCM and Abshire Smith have the following contact details and social medias that you can use.
Broker | HYCM | Abshire Smith |
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Telephone Number | +44 20 8816 7812 | |
support@hycm.com | ||
Address | 3rd Floor, 28 Throgmorton St, London, Greater London EC2N 2AN | |
HYCM Twitter Account | Abshire Smith Twitter Account | |
HYCM Facebook Page | Abshire Smith Facebook Page | |
HYCM Instagram Account | Abshire Smith Instagram Account | |
HYCM LinkedIn Page | Abshire Smith LinkedIn Page | |
YouTube | HYCM YouTube Channel | Abshire Smith YouTube Channel |
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Abshire Smith and HYCM 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.
This part of comparing HYCM and Abshire Smith will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of both apps as better than 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. 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?
HYCM vs Abshire Smith - Awards
HYCM vs Abshire Smith - Frequently Asked Questions
HYCM vs Abshire Smith - Headquarters And Year Of Founding
HYCM was founded in 1977 and has its headquaters in UK.
Abshire Smith was founded in 1997 and has its headquaters in United kingdom.
What is the minimum deposit for Abshire Smith or HYCM
The minimum deposit for HYCM is $100.
The minimum deposit for Abshire Smith is $500.
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 HYCM and Abshire Smith are a good option.
HYCM vs Abshire Smith - Regulation And Licencing In More Detail
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.
Abshire Smith is regulated by Financial Conduct Authority (FCA).
Both HYCM and Abshire Smith have a powerful set of rules for ensuring honest trading on their own platforms. For data encryption functions, they provide industry-standard secure socket layers (SSL).
As per their individual privacy policies, customer data is to not be shared with any other institutions or individuals. Including credit history and other financial information.
Compare HYCM vs Abshire Smith Commission And Fees
HYCM and Abshire Smith are online broker platforms, and most online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the companies of online brokerages are scaled better. That is, an internet broker is not necessarily affected by the amount of clients they have.
But this doesn't necessarily mean that online brokers do not charge any fees. They charge fees of varying rates for various services to earn money. There are mainly 3 types of penalties for this objective.
The first kind of fees to look out for are trading fees. When you make an actual trade, like buying a stock or an ETF, you're charged trading fees. In such cases, you're paying a spread, financing speed, or a commission. The kinds of trading charges and the prices vary from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the other hand, a spread denotes the gap between the buying and selling cost. Funding or overnight rates are those that are charged when you maintain a leveraged position for more than a day.
Apart from trading fees, online agents also bill non-trading fees. These are dependent on the actions you undertake in your accounts. They are billed for surgeries like depositing cash, not trading for long periods, or withdrawals.
In general, neither HYCM or Abshire Smith charge high fees in comparison to other online brokers. For operations other agents fee for, they either do not charge a brokerage fee, or they charge a lesser amount. This can be beneficial for those who regularly trade, such as daily or weekly trading.
But, non-trading fees charged by HYCM and Abshire Smith are relatively greater. Consequently, you are charged more for non-trading actions in your trading account, such as deposits and withdrawal. These are not related to the purchase and sale of assets.
This HYCM vs Abshire Smith review for 2024 breaks down each of the relevant non-trading fees for you in detail.
Compare Broker Fees For HYCM And Abshire Smith
Broker | HYCM | Abshire Smith |
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Minimum Deposit | $100 | $500 |
Withdrawal Fees | Yes | No |
Inactivity Fees | Yes | No |
Deposit Fees | No | Yes |
CFD Fees | No | No |
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What Languages Do HYCM And Abshire Smith Support?
Being able to talk easily with your trading platform is a key way of comparing brokers to find the best broker. Not only for support but to be sure 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 HYCM and Abshire Smith support.
Broker | HYCM | Abshire Smith |
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Languages Supported | English, Chinese, Chinese (Traditional), Arabic, and Russian | English, and Chinese |
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How Many Clients Do HYCM and Abshire Smith Have?
Both HYCM and Abshire Smith are well established with their client base. It is really important to work with a broker you can trust and one of the most simple ways of establishing this is by knowing how many clients they already work with.
Below you will find details of how many customers HYCM and Abshire Smith have
Broker | HYCM | Abshire Smith |
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Clients / Users | 10,000+ | 10,000+ |
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What Payment Methods Do HYCM and Abshire Smith Accept?
HYCM and Abshire Smith 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 HYCM and Abshire Smith
Broker | HYCM | Abshire Smith |
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Bank Transfers | Yes | Yes |
Credit Cards | Yes | Yes |
PayPal | Yes | No |
Skrill | Yes | No |
Payoneer | Yes | Yes |
Neteller | Yes | No |
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What Can You Trade With HYCM and Abshire Smith?
HYCM offers 100 trading instruments while Abshire Smith offers 22.
Below you will find a full breakdown of what both HYCM and Abshire Smith offer.
HYCM Review
HYCM vs Abshire Smith:
Table Of Contents
- Compare HYCM vs Abshire Smith
- Benefits of HYCM and Abshire Smith Compared
- Abshire Smith and HYCM Mobile App Comparison
- HYCM vs Abshire Smith - Awards
- HYCM vs Abshire Smith - Frequently Asked Questions
- What is the minimum deposit for Abshire Smith or HYCM
- HYCM vs Abshire Smith - Regulation And Licencing In More Detail
- Compare Broker Fees For HYCM And Abshire Smith
- What Languages Do HYCM And Abshire Smith Support?
- How Many Clients Do HYCM and Abshire Smith Have?
- What Payment Methods Do HYCM and Abshire Smith Accept?
- What Can You Trade With HYCM and Abshire Smith?