HYCM vs Bittrex, Who's Better?
HYCM Rating
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Bittrex Rating
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Losses can exceed deposits |
Your capital is at risk |
HYCM vs Bittrex Guide |
Read our In-Depth HYCM vs Bittrex Review - 2024 Update
Our HYCM vs Bittrex review has been updated to reflect any changes for 2024 from industry experts with extensive financial experience in CFDs, Forex, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of HYCM vs Bittrex 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.
Bittrex Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare HYCM vs Bittrex
All platforms for online trading will have some ups and downs, so a complete review of HYCM and Bittrex should not be complete without having an objective perspective.
Examine HYCM and Bittrex to understand the way these platforms line up with one another prior to you choose to open an account. Conducting a comparative analysis will place factors into perspective in order that you remain informed about what you should anticipate.
So you are looking for a reputable broker and are choosing between HYCM or Bittrex. Who should you choose?
Our HYCM vs Bittrex comparison contains the latest information so you can easily compare Bittrex against HYCM.
If you are a new entrant in the world of trading and brokerages, so many facts will be confusing for you. Getting into the world of trading requires expert analyzing skills and comprehensive understanding. You'll get adept at all of the concepts of broker as you continue trading. For starters, you need to select the right agent who'll be clear with you constantly.
In this fast-paced world of stock markets and trading, you will need advice to make correct decisions. A professionally direct investment plan has the potential to generate hefty returns. HYCM and Bittrex are just two such companies which will take you and your investment into great heights. It's important to compare HYCM vs Bittrex until you trust them with your money.
Our HYCM vs Bittrex comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust HYCM and Bittrex side by side.
Our full HYCM vs Bittrex Review covers all you will need to know about trading using either HYCM or Bittrex. A fantastic broker can multiply your initial investments and provide you positive profits. If you want to make profits, you must trade with a brokerage service that aligns with your investing goals.
There's absolutely no sure-fire method to guarantee profits; therefore, you should carefully assess your agent before you select them. It is a frequent misconception that all agents will be exactly the same, but that is not correct. Wrong judgment, in the beginning, can set your investments in danger.
HYCM and Bittrex are both brokers that have forged their way successfully to the brokerage world. Within this review, we've tried to collate some of the vital facets of both HYCM and Bittrex. This review will help you to know whether either Bittrex or HYCM is a good match for your investments or not. We have tried to breakdown all of the qualities and fees for your convenience.
Benefits of HYCM and Bittrex Compared
HYCM has a minimum deposit of $100 while Bittrex offers a $100 minimum deposit.
Why smaller minimum deposits are good and how HYCM and Bittrex 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 allows you to trade around 100 financial instruments whilst Bittrex allows you to trade around 100 available.
The more instruments you can trade on the HYCM and Bittrex 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 HYCM or Bittrex.
HYCM and Bittrex Contact Details
Being able to contact a broker through many ways is important. HYCM and Bittrex have the following contact details and social medias that you can use.
Broker | HYCM | Bittrex |
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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 | Bittrex Twitter Account | |
HYCM Facebook Page | Bittrex Facebook Page | |
HYCM Instagram Account | Bittrex Instagram Account | |
HYCM LinkedIn Page | Bittrex LinkedIn Page | |
YouTube | HYCM YouTube Channel | Bittrex YouTube Channel |
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Bittrex 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 Bittrex will examine whether their mobile app meets all our requirements.
We rate overall the user-friendliness of the 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. 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?
HYCM vs Bittrex - Awards
HYCM vs Bittrex - Frequently Asked Questions
HYCM vs Bittrex - Headquarters And Year Of Founding
HYCM was founded in 1977 and has its head office in UK.
Bittrex was founded in 2010 and has its head office in South Korea.
What is the minimum deposit for Bittrex or HYCM
The minimum deposit for HYCM is $100.
The minimum deposit for Bittrex 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 HYCM and Bittrex are a good option.
HYCM vs Bittrex - 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.
Bittrex is regulated by Securities and Exchange Commission (SEC), Financial Industry Regulatory Authority (FINRA).
Both HYCM and Bittrex have a powerful collection of rules for ensuring fair trading onto their own platforms. For data encryption functions, they provide industry-standard secure socket layers (SSL).
In accordance with their own privacy regulations, customer information is to not be shared with any other institutions or individuals. Including credit history and other financial details.
Compare HYCM vs Bittrex Commission And Fees
HYCM and Bittrex are online broker platforms, and most online brokerages charge lower fees than traditional brokerages tend to bill. The cause of this is that the companies of online trading platforms are scaled better. That is, an internet broker is not necessarily influenced by the number of customers they have.
However, this does not 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 different types of fees for this purpose.
The first sort of charges to keep an eye out for are trading charges. Whenever you make an actual trade, like buying a stock or an ETF, you are charged trading charges. In these cases, you're paying a spread, financing rate, or a commission. The kinds of trading charges and the rates differ from broker to broker.
Commissions could be fixed or dependent on the traded volume. On the other hand, a spread denotes the gap between the buying and selling price. Financing or overnight rates are people that are charged when you hold a leveraged position for more than a day.
Aside from trading fees, online brokers also bill non-trading fees. These are determined by the actions you undertake on your account. They are billed for surgeries like depositing cash, not investing for long periods, or withdrawals.
In general, neither HYCM or Bittrex charge high fees compared to other online brokers. For operations other brokers charge for, they either do not charge a broker fee, or they charge a smaller sum. This can be beneficial for people who regularly trade, for example daily or weekly trading.
However, non-trading fees billed by HYCM and Bittrex are comparatively competitive. Consequently, you are charged more for non-trading activities on your trading accounts, such as deposits and withdrawal. These are not about the purchase and sale of resources.
This HYCM vs Bittrex review for 2024 breaks down every one of the relevant non-trading charges for you in detail.
Compare Broker Fees For HYCM And Bittrex
Broker | HYCM | Bittrex |
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Minimum Deposit | $100 | $100 |
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 Bittrex Support?
Being able to talk completely with your trading platform is a key way of comparing trading platforms to find your perfect trading partner. Not only for support but to be sure you completely understand everything on their website and inside their application as it is a key factor to success when trading forex.
Below you will find all the languages that both HYCM and Bittrex offer communication in.
Broker | HYCM | Bittrex |
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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 Bittrex Have?
Both HYCM and Bittrex are well established with their customer base. It is 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 clients HYCM and Bittrex are active on their platform
Broker | HYCM | Bittrex |
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Clients / Users | 10,000+ | 10,000+ |
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What Payment Methods Do HYCM and Bittrex Accept?
HYCM and Bittrex 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 Bittrex
Broker | HYCM | Bittrex |
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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 Bittrex?
HYCM offers 100 trading instruments whilst Bittrex offers 57.
Below you will find a full breakdown of what both HYCM and Bittrex offer.
HYCM Review
HYCM vs Bittrex:
Table Of Contents
- Compare HYCM vs Bittrex
- Benefits of HYCM and Bittrex Compared
- Bittrex and HYCM Mobile App Comparison
- HYCM vs Bittrex - Awards
- HYCM vs Bittrex - Frequently Asked Questions
- What is the minimum deposit for Bittrex or HYCM
- HYCM vs Bittrex - Regulation And Licencing In More Detail
- Compare Broker Fees For HYCM And Bittrex
- What Languages Do HYCM And Bittrex Support?
- How Many Clients Do HYCM and Bittrex Have?
- What Payment Methods Do HYCM and Bittrex Accept?
- What Can You Trade With HYCM and Bittrex?