HYCM vs Coinbase, Who's Better?
HYCM Rating
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Coinbase Rating
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Losses can exceed deposits |
Your capital is at risk |
HYCM vs Coinbase Guide |
Read our In-Depth HYCM vs Coinbase Review - 2024 Update
This HYCM vs Coinbase review has been revised to reflect any changes for 2024 by knowledgeable insiders with 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 Coinbase 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.
Coinbase Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare HYCM vs Coinbase
All online trading platforms will have some pros and cons, and a complete HYCM and Coinbase review would not be complete without adopting a fair assessment.
Examine HYCM and Coinbase in order to understand the way they line up against each prior to you decide to open an account. Conducting a side-by-side comparison will bring aspects into perspective so that you're informed about what you should anticipate.
So you are looking for a professional broker and are choosing between HYCM or Coinbase. Who should you choose?
This HYCM vs Coinbase comparison contains the latest information so you can easily compare Coinbase against HYCM.
If you're a new entrant in the realm of trading and brokers, so many details will be confusing for you. Getting into the world of trading requires expert analyzing skills and comprehensive knowledge. You'll get adept at all the concepts of brokerage since you continue trading. For starters, you have to select the ideal agent who'll be transparent with you constantly.
In this fast-paced universe of stock markets and trading, you'll need guidance to make correct decisions. A professionally lead investment program has the potential to generate hefty returns. HYCM and Coinbase are just two such companies that will take you and your investment to great heights. It is crucial that you compare HYCM vs Coinbase until you trust them with your money.
Our HYCM vs Coinbase comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust HYCM and Coinbase side by side.
Our entire HYCM vs Coinbase Review covers all you will need to know about trading with either HYCM or Coinbase. A good agent can multiply your first investments and provide you positive profits. If you want to earn profits, you must trade with a broker service that aligns with your investing objectives.
There is no sure-fire method to ensure profits; thus, you should carefully assess your broker before you choose them. It is a frequent misconception that all brokers will be exactly the same, but that's not correct. Wrong judgment, initially, can put your investments in danger.
HYCM and Coinbase are both brokers that have paved their way successfully to the broker world. Within this review, we have tried to collate a number of the important facets of both HYCM and Coinbase. This review will help you to know whether either Coinbase or HYCM is a good fit for your investments or not. We've tried to breakdown all of the features and charges for your advantage.
Benefits of HYCM and Coinbase Compared
HYCM has a minimum deposit of $100 while Coinbase has a $100 minimum deposit.
Why smaller minimum deposits are good and how HYCM and Coinbase 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 while Coinbase allows you to trade around 100 financial instruments available.
The more instruments you can trade on the HYCM and Coinbase trading 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 Coinbase.
HYCM and Coinbase Contact Details
Being able to contact an online trading platform easily is important. HYCM and Coinbase have the following contact details and social medias that you can use.
Broker | HYCM | Coinbase |
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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 | Coinbase Twitter Account | |
HYCM Facebook Page | Coinbase Facebook Page | |
HYCM Instagram Account | Coinbase Instagram Account | |
HYCM LinkedIn Page | Coinbase LinkedIn Page | |
YouTube | HYCM YouTube Channel | Coinbase YouTube Channel |
Find Out More |
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Coinbase 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 Coinbase will examine whether their mobile app meets all our requirements.
We rate overall 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. 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?
HYCM vs Coinbase - Awards
HYCM vs Coinbase - Frequently Asked Questions
HYCM vs Coinbase - Headquarters And Year Of Founding
HYCM was founded in 1977 and has its head office in UK.
Coinbase was founded in 1989 and has its head office in United States.
What is the minimum deposit for Coinbase or HYCM
The minimum deposit for HYCM is $100.
The minimum deposit for Coinbase 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 Coinbase are a good option.
HYCM vs Coinbase - 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.
Coinbase is regulated by Financial Conduct Authority (FCA).
Both HYCM and Coinbase 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).
In accordance with their own privacy regulations, customer information is never to be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare HYCM vs Coinbase Commission And Fees
HYCM and Coinbase are online broker 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 better. In other words, an internet broker is not necessarily influenced by the number of customers they have.
But this doesn't mean that online brokers do not charge any fees. They charge fees of varying rates for various services to make money. There are primarily 3 types of penalties for this purpose.
The first kind of charges to keep an eye out for are trading fees. When you make a genuine trade, like buying a stock or an ETF, you're billed trading fees. In these 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 could be fixed or dependent on the traded volume. On the flip side, a spread refers to the gap between the buying and selling price. Financing or overnight rates are people who are charged when you maintain a leveraged position for longer than a day.
Apart from trading fees, online brokers also charge non-trading fees. These are determined by the actions you undertake in your accounts. They are billed for operations like depositing money, not investing for long periods, or withdrawals.
Generally, neither HYCM or Coinbase charge high fees compared to other online agents. For operations other brokers charge for, they do not charge a broker fee, or they charge a smaller amount. This is beneficial for those who often trade, for example weekly or daily trading.
But, non-trading fees charged by HYCM and Coinbase are relatively lower. Consequently, you're billed more for non-trading activities on your trading accounts, such as withdrawal and deposits. These aren't related to the sale and purchase of assets.
This HYCM vs Coinbase review for 2024 breaks down each of the relevant non-trading charges for you in detail.
Compare Broker Fees For HYCM And Coinbase
Broker | HYCM | Coinbase |
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Minimum Deposit | $100 | $100 |
Withdrawal Fees | Yes | No |
Inactivity Fees | Yes | No |
Deposit Fees | No | No |
CFD Fees | No | No |
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What Languages Do HYCM And Coinbase Support?
Being able to talk easily with your trading broker is a key way of comparing trading platforms to find the best 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 factor to success when trading forex.
Below you can find the languages that both HYCM and Coinbase support.
Broker | HYCM | Coinbase |
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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 Coinbase Have?
Both HYCM and Coinbase are well known and trusted. It is really important to work with a broker that is reputable 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 users HYCM and Coinbase are working with
Broker | HYCM | Coinbase |
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Clients / Users | 10,000+ | 10,000+ |
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What Payment Methods Do HYCM and Coinbase Accept?
HYCM and Coinbase 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 Coinbase
Broker | HYCM | Coinbase |
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Bank Transfers | Yes | Yes |
Credit Cards | Yes | Yes |
PayPal | Yes | No |
Skrill | Yes | No |
Payoneer | Yes | Yes |
Neteller | Yes | No |
Find Out More |
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What Can You Trade With HYCM and Coinbase?
HYCM offers 100 trading instruments and Coinbase offers 77.
Below you will find a full breakdown of what both HYCM and Coinbase offer.
HYCM Review
HYCM vs Coinbase:
Table Of Contents
- Compare HYCM vs Coinbase
- Benefits of HYCM and Coinbase Compared
- Coinbase and HYCM Mobile App Comparison
- HYCM vs Coinbase - Awards
- HYCM vs Coinbase - Frequently Asked Questions
- What is the minimum deposit for Coinbase or HYCM
- HYCM vs Coinbase - Regulation And Licencing In More Detail
- Compare Broker Fees For HYCM And Coinbase
- What Languages Do HYCM And Coinbase Support?
- How Many Clients Do HYCM and Coinbase Have?
- What Payment Methods Do HYCM and Coinbase Accept?
- What Can You Trade With HYCM and Coinbase?