HYCM vs FX Primus, Who's The Best?
HYCM Rating
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FX Primus Rating
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Losses can exceed deposits |
Losses can exceed deposits |
HYCM vs FX Primus Guide |
Read our In-Depth HYCM vs FX Primus Review - Updated for 2024
This comprehensive analysis of HYCM and FX Primus has been revised to reflect any changes for 2024 by knowledgeable insiders boasting years of expertise across Social Trading, Forex, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of HYCM vs FX Primus 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.
FX Primus Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare HYCM vs FX Primus
Every online trading platforms feature some advantages and disadvantages, so a complete HYCM and FX Primus review should not be complete without having an objective perspective.
Examine FX Primus and HYCM to understand how they line up with each before you make an account. Conducting a side-by-side comparison will place factors into perspective in order that you are aware of what you should anticipate.
So you are looking for a professional broker and are choosing between HYCM or FX Primus. Which one is best in 2024?
Our HYCM vs FX Primus comparison contains the latest information so you can easily compare FX Primus against HYCM.
If you're a new entrant in the world of trading and brokers, so many nuances will be perplexing for you. Getting into the area of trading requires expert analyzing skills and thorough knowledge. You will get adept at all of the concepts of brokerage since you keep trading. For starters, you have to choose the right agent who will be transparent with you always.
In this fast-paced universe of stock markets and trading, you will need advice to make proper decisions. A professionally direct investment plan has the potential to generate hefty returns. HYCM and FX Primus are just two such trading platforms which will take you along with your investment into great heights. It's important that you compare HYCM vs FX Primus until you trust them with your money.
Our HYCM vs FX Primus comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust HYCM and FX Primus side by side.
Our full HYCM vs FX Primus Review covers everything you need to know about trading with either HYCM or FX Primus. A fantastic broker can multiply your initial investments and give you positive profits. If you would like to earn profits, you must trade with a broker service that contrasts with your investing objectives.
There is no sure-fire method to guarantee profits; thus, you must carefully analyze your agent before you choose them. It's a common misconception that all brokers are the same, but that's not correct. Wrong judgment, initially, can put your investments in danger.
HYCM and FX Primus are both brokers which have forged their way successfully into the brokerage world. In this review, we've attempted to collate some of the vital facets of both HYCM and FX Primus. This review can help you to understand whether either FX Primus or HYCM is a good fit for your own investments or not. We have attempted to breakdown all the features and fees for your advantage.
Benefits of HYCM and FX Primus Compared
HYCM offers a minimum deposit of $100 while FX Primus has a $100 minimum deposit.
Why smaller minimum deposits are good and how HYCM and FX Primus 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 FX Primus has around 100 available.
The more instruments you can trade on the HYCM and FX Primus 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 FX Primus.
HYCM and FX Primus Contact Details
Being able to contact a broker through many ways is important. HYCM and FX Primus have the following contact details and social medias that you can use.
Broker | HYCM | FX Primus |
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Telephone Number | +44 20 8816 7812 | +357 25 030072 |
support@hycm.com | support@fxprimus.com | |
Address | 3rd Floor, 28 Throgmorton St, London, Greater London EC2N 2AN |  Kolonakiou 25, Office 102, Zavos Kolonakiou Center, 4103 Limassol, Cyprus |
HYCM Twitter Account | FX Primus Twitter Account | |
HYCM Facebook Page | FX Primus Facebook Page | |
HYCM Instagram Account | FX Primus Instagram Account | |
HYCM LinkedIn Page | FX Primus LinkedIn Page | |
YouTube | HYCM YouTube Channel | FX Primus YouTube Channel |
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FX Primus 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 FX Primus will examine whether their mobile app meets all our requirements.
Overall, we rate 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 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 FX Primus - Awards
Broker | HYCM | FX Primus |
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Awards | At the time of writing this HYCM review, and despite HYCM’s impressive offering, the company has surprisingly not garnered any awards to date. |
FX Primus have won several industry awards over the years they have been operating as a financial broker. We list the most notable awards for FX Primus below.
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HYCM vs FX Primus - Frequently Asked Questions
HYCM vs FX Primus - Headquarters And Year Of Founding
HYCM was founded in 1977 and has its headquaters in UK.
FX Primus was founded in 2009 and has its headquaters in Cyprus.
What is the minimum deposit for FX Primus or HYCM
The minimum deposit for HYCM is $100.
The minimum deposit for FX Primus 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 HYCM and FX Primus are a good choice.
HYCM vs FX Primus - 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.
FX Primus is regulated by Cyprus Securities and Exchange Commission (CySEC), The markets in financial instruments directive (MiFID).
Both HYCM and FX Primus have a strong set of rules for ensuring honest trading onto their platforms. For information encryption functions, they provide industry-standard secure socket layers (SSL).
In accordance with their privacy policies, client information is to not be shared with any other institutions or individuals. Including credit history and other financial details.
Compare HYCM vs FX Primus Commission And Fees
HYCM and FX Primus are online broker platforms, and most online brokerages charge lower fees than traditional brokerages tend to charge. The cause of this is that the companies of online trading platforms are scaled much better. That is, an internet broker is not necessarily influenced by the number of clients they have.
However, this doesn't mean that online brokers do not charge any fees. They charge prices of varying rates for various services to earn money. There are mainly three different types of penalties for this purpose.
The first sort of charges to keep an eye out for are trading fees. When you make an actual trade, like purchasing a stock or an ETF, you are billed trading charges. In these instances, you're paying a spread, financing rate, or even a commission. The sorts of trading fees and the rates differ from broker to broker.
Commissions can be fixed or determined by the traded volume. On the other hand, a spread denotes the difference between the buying and selling cost. Financing or overnight rates are people who are billed when you maintain a leveraged position for longer than daily.
Apart from trading charges, online agents also charge non-trading fees. These are determined by the activities you undertake in your account. They are charged for operations like depositing money, not investing for lengthy periods, or withdrawals.
Generally, neither HYCM or FX Primus charge high fees compared to other online brokers. For operations other brokers charge for, they do not charge a broker fee, or they charge a smaller sum. This is beneficial for people who regularly trade, such as weekly or daily trading.
However, non-trading fees billed by HYCM and FX Primus are comparatively higher. Consequently, you are charged more for non-trading activities on your trading accounts, such as deposits and withdrawal. These are not related to the sale and purchase of resources.
This HYCM vs FX Primus review for 2024 breaks down every one of the relevant non-trading fees for you in detail.
Compare Broker Fees For HYCM And FX Primus
Broker | HYCM | FX Primus |
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Minimum Deposit | $100 | $100 |
Withdrawal Fees | Yes | Yes |
Inactivity Fees | Yes | No |
Deposit Fees | No | Yes |
CFD Fees | No | No |
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What Languages Do HYCM And FX Primus Support?
Being able to communicate completely with your trading platform is a key way of comparing trading platforms to find the best trading partner. Not only for support but to ensure you understand everything on their website and inside their application as it is a key factor to success when trading online.
Here you can find the languages that both HYCM and FX Primus support.
How Many Clients Do HYCM and FX Primus Have?
Both HYCM and FX Primus are well known and trusted. It is important to work with a broker that is professional and one of the most simple ways of understanding this is by knowing how many clients they already work with.
Below you will find details of how many customers HYCM and FX Primus are active on their platform
Broker | HYCM | FX Primus |
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Clients / Users | 10,000+ | 10,000+ |
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What Payment Methods Do HYCM and FX Primus Accept?
HYCM and FX Primus 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 FX Primus
Broker | HYCM | FX Primus |
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Bank Transfers | Yes | Yes |
Credit Cards | Yes | Yes |
PayPal | Yes | No |
Skrill | Yes | No |
Payoneer | Yes | Yes |
Neteller | Yes | Yes |
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What Can You Trade With HYCM and FX Primus?
HYCM offers 100 trading instruments and FX Primus offers 100.
Below you will find a full breakdown of what both HYCM and FX Primus offer.
HYCM Review
HYCM vs FX Primus:
Table Of Contents
- Compare HYCM vs FX Primus
- Benefits of HYCM and FX Primus Compared
- FX Primus and HYCM Mobile App Comparison
- HYCM vs FX Primus - Awards
- HYCM vs FX Primus - Frequently Asked Questions
- What is the minimum deposit for FX Primus or HYCM
- HYCM vs FX Primus - Regulation And Licencing In More Detail
- Compare Broker Fees For HYCM And FX Primus
- What Languages Do HYCM And FX Primus Support?
- How Many Clients Do HYCM and FX Primus Have?
- What Payment Methods Do HYCM and FX Primus Accept?
- What Can You Trade With HYCM and FX Primus?