HYCM vs Exness, 2024 Update
HYCM Rating
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Exness Rating
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Losses can exceed deposits |
Losses can exceed deposits |
HYCM vs Exness Guide |
Read our In-Depth HYCM vs Exness Review - for 2024
This review comparing HYCM and Exness has been updated to reflect any changes for 2024 by industry experts boasting significant financial experience across Forex, Social Trading, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of HYCM vs Exness 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.
Exness Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare HYCM vs Exness
Each trading platforms feature certain advantages and disadvantages, and a complete analysis of HYCM vs Exness cannnot be complete without having a balanced approach.
Assess Exness and HYCM to get a better understanding of how they compare to one another before you choose to make an account. A comprehensive comparison will bring aspects in perspective to ensure that you remain cognizant of what to expect.
So you are looking for a reputable broker and are choosing between HYCM or Exness. Who should you choose?
Our HYCM vs Exness comparison contains the most recent information so you can easily compare Exness against HYCM.
If you are a new entrant in the world of trading and brokers, so many facts will be perplexing for you. Getting into the world of trading requires expert analyzing skills and comprehensive understanding. You will get adept at all the concepts of brokerage as you continue trading. For starters, you have to select the ideal agent who will be clear with you always.
Within this fast-paced universe of stock markets and trading, you will need guidance to make proper decisions. A professionally lead investment program has the potential to generate hefty returns. HYCM and Exness are two such trading platforms which will take you along with your investment to great heights. It is crucial to compare HYCM vs Exness before you trust them with your cash.
Our HYCM vs Exness comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust HYCM and Exness side by side.
Our full HYCM vs Exness Review covers all you need to know about trading with either HYCM or Exness. A good agent can multiply your initial investments and provide you positive profits. If you would like to earn profits, you must trade with a brokerage service that contrasts with your investment goals.
There's absolutely no sure-fire way to ensure profits; therefore, you must 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 put your investments at risk.
HYCM and Exness are both brokers which have paved their way successfully into the brokerage world. Within this review, we've tried to collate some of the important facets of both HYCM and Exness. This review can allow you to know whether either Exness or HYCM is a good fit for your own investments or not. We've attempted to breakdown all the qualities and fees for your convenience.
Benefits of HYCM and Exness Compared
HYCM offers a minimum deposit of $100 while Exness has a $1 minimum deposit.
Why smaller minimum deposits are good and how HYCM and Exness 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 Exness allows you to trade around 100 on their platform.
The more instruments you can trade on the HYCM and Exness 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 should never want to miss out on a trading opportunity due to the limitations of HYCM or Exness.
HYCM and Exness Contact Details
Being able to contact a broker through many ways is important. HYCM and Exness have the following contact details and social medias that you can use.
Broker | HYCM | Exness |
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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 | Exness Twitter Account | |
HYCM Facebook Page | Exness Facebook Page | |
HYCM Instagram Account | Exness Instagram Account | |
HYCM LinkedIn Page | Exness LinkedIn Page | |
YouTube | HYCM YouTube Channel | Exness YouTube Channel |
Find Out More |
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Exness 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 Exness 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
While most brokers are good at this, there are some poor ones. 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 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 Exness - Awards
HYCM vs Exness - Frequently Asked Questions
HYCM vs Exness - Headquarters And Year Of Founding
HYCM was founded in 1977 and has its headquaters in UK.
Exness was founded in 2008 and has its headquaters in Cyprus.
What is the minimum deposit for Exness or HYCM
The minimum deposit for HYCM is $100.
The minimum deposit for Exness is $1.
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 Exness are a good option.
HYCM vs Exness - 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.
Exness is regulated by Cyprus Securities and Exchange Commission (CySEC), CRFIN, The Federal Financial Supervisory Authority Bundesanstalt f├ó╦å┼í├é┬║r Finanzdienstleistungsaufsicht (BaFin), Netherlands Authority for the Financial Markets (AFM), Banque de France, The National Securities Market Commission (CNMV), The Commissione Nazionale per le Societ├ó╦å┼í├óÔé¼┬á e la Borsa (CONSOB), Finansinspektionen (FI), Komisja Nadzoru Finansowego (KNF).
Both HYCM and Exness have a powerful set of rules for ensuring fair trading onto their individual platforms. For data encryption purposes, they supply industry-standard secure socket layers (SSL).
As per their individual privacy policies, customer information is never to be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare HYCM vs Exness Commission And Fees
HYCM and Exness are online brokerage platforms, and most online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the companies of online trading platforms are scaled better. That is, an online broker is not necessarily affected by the amount of clients 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 earn money. There are primarily three different types of fees for this purpose.
The first sort of fees to keep an eye out for are trading charges. Whenever you make a genuine trade, like purchasing a stock or an ETF, you're charged trading fees. In such cases, you're paying a spread, financing rate, or a commission. The sorts of trading fees and the rates vary from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the other hand, a spread refers to the difference between the buying and selling cost. Financing or overnight prices are people that are charged when you maintain a leveraged position for more than daily.
Apart from trading fees, online brokers also bill non-trading fees. These are dependent on the actions you undertake on your accounts. They're charged for operations like depositing cash, not trading for lengthy periods, or withdrawals.
Generally, neither HYCM or Exness charge high fees in comparison to other online agents. For operations other brokers charge for, they either do not charge a broker fee, or they charge a lesser sum. This is beneficial for people who often trade, for example daily or weekly trading.
But, non-trading fees billed by HYCM and Exness are relatively higher. As a result, you're billed more for non-trading actions in your trading account, such as withdrawal and deposits. These aren't related to the sale and purchase of resources.
This HYCM vs Exness review for 2024 breaks down each of the applicable non-trading fees for you in detail.
Compare Broker Fees For HYCM And Exness
Broker | HYCM | Exness |
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Minimum Deposit | $100 | $1 |
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 Exness Support?
Being able to talk easily with your trading platform is a key way of comparing online brokers 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 online.
Here you will find the languages that both HYCM and Exness support.
Broker | HYCM | Exness |
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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 Exness Have?
Both HYCM and Exness are well established with their customer base. It is important to work with an online broker that is reputable and one of the most simple ways of understanding this is by knowing how many clients are using their services.
Below you will find details of how many clients HYCM and Exness are working with
Broker | HYCM | Exness |
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Clients / Users | 10,000+ | 10,000+ |
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What Payment Methods Do HYCM and Exness Accept?
HYCM and Exness 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 Exness
Broker | HYCM | Exness |
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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 Exness?
HYCM offers 100 trading instruments and Exness offers 100.
Below you will find a full breakdown of what both HYCM and Exness offer.
HYCM Review
HYCM vs Exness:
Table Of Contents
- Compare HYCM vs Exness
- Benefits of HYCM and Exness Compared
- Exness and HYCM Mobile App Comparison
- HYCM vs Exness - Awards
- HYCM vs Exness - Frequently Asked Questions
- What is the minimum deposit for Exness or HYCM
- HYCM vs Exness - Regulation And Licencing In More Detail
- Compare Broker Fees For HYCM And Exness
- What Languages Do HYCM And Exness Support?
- How Many Clients Do HYCM and Exness Have?
- What Payment Methods Do HYCM and Exness Accept?
- What Can You Trade With HYCM and Exness?