HYCM vs selftrade, for 2024
HYCM Rating
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selftrade Rating
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Losses can exceed deposits |
Your capital is at risk |
HYCM vs selftrade Guide |
Read our In-Depth HYCM vs selftrade Review - 2024 Update
Our comprehensive analysis of HYCM and selftrade has been refreshed for 2024 by seasoned professionals boasting significant financial experience in CFDs, Forex, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of HYCM vs selftrade 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.
selftrade Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare HYCM vs selftrade
Each trading platforms will have a few advantages and disadvantages, so a complete review of HYCM and selftrade would not be complete without embracing a balanced approach.
Compare selftrade and HYCM to understand how these platforms compare against one another before you decide to open an account. Conducting a side-by-side comparison will bring aspects in perspective so that you're aware of the expectations.
So you are looking for a professional broker and are choosing between HYCM or selftrade. Who should you choose?
This HYCM vs selftrade comparison contains the latest information so you can easily compare selftrade against HYCM.
If you're a new entrant in the realm of trading and brokerages, so many details will be perplexing for you. Getting into the world of trading requires expert analyzing skills and comprehensive knowledge. You'll get proficient at all of the concepts of broker since you keep trading. For starters, you have to choose the right agent who'll be transparent with you constantly.
In this fast-paced world of stock markets and trading, you'll need guidance to make correct decisions. A professionally lead investment plan has the potential to generate hefty returns. HYCM and selftrade are two such trading platforms that will take you and your investment to great heights. It's crucial that you compare HYCM vs selftrade before you trust them with your cash.
Our HYCM vs selftrade comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust HYCM and selftrade side by side.
Our entire HYCM vs selftrade Review covers everything you need to learn about trading with either HYCM or selftrade. A fantastic agent can multiply your initial investments and give you favorable profits. If you want to earn profits, you must trade with a brokerage service that aligns with your investment objectives.
There is no sure-fire way to ensure profits; thus, you must carefully analyze 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 in danger.
HYCM and selftrade are both brokers which have paved their way successfully into the broker world. In this review, we've attempted to collate some of the vital facets of both HYCM and selftrade. This review can allow you to know whether either selftrade or HYCM is a good match for your investments or not. We've tried to breakdown all of the qualities and fees for your advantage.
Benefits of HYCM and selftrade Compared
HYCM has a minimum deposit of $100 while selftrade offers a $250 minimum deposit.
Why smaller minimum deposits are good and how HYCM and selftrade 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 selftrade has around 100 available.
The more financial instruments you can trade on the HYCM and selftrade 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 selftrade.
HYCM and selftrade Contact Details
Being able to contact your broker simply is a sign of a professional broker. HYCM and selftrade have the following contact details and social medias that you can use.
Broker | HYCM | selftrade |
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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 | selftrade Twitter Account | |
HYCM Facebook Page | selftrade Facebook Page | |
HYCM Instagram Account | selftrade Instagram Account | |
HYCM LinkedIn Page | selftrade LinkedIn Page | |
YouTube | HYCM YouTube Channel | selftrade YouTube Channel |
Find Out More |
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selftrade and HYCM Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
In this part of our comparison of HYCM and selftrade we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate the user-friendliness of the apps as better than 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 selftrade - Awards
HYCM vs selftrade - Frequently Asked Questions
HYCM vs selftrade - Headquarters And Year Of Founding
HYCM was founded in 1977 and has its headquaters in UK.
selftrade was founded in 2013 and has its head office in Australia.
What is the minimum deposit for selftrade or HYCM
The minimum deposit for HYCM is $100.
The minimum deposit for selftrade is $250.
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 selftrade are a good choice.
HYCM vs selftrade - 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.
selftrade is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F304.
Both HYCM and selftrade have a strong collection of rules for ensuring fair trading onto their own platforms. For data encryption functions, they supply industry-standard secure socket layers (SSL).
In accordance with their individual privacy policies, customer information is never to be shared with any other institutions or individuals. Including credit history and other financial information.
Compare HYCM vs selftrade Commission And Fees
HYCM and selftrade are online brokerage 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 much better. That is, an online broker is not necessarily influenced by the amount of customers they have.
But this does not 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 three different types of fees for this purpose.
The first kind of charges to look out for are trading fees. Whenever you make an actual trade, like purchasing a stock or an ETF, you're charged trading charges. In these instances, you are paying a spread, funding speed, or even a commission. The sorts of trading charges and the prices differ from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the other hand, a spread denotes the gap between the buying and selling cost. Financing or overnight prices are people who are charged when you hold a leveraged position for more than daily.
Apart from trading fees, online agents also bill non-trading fees. These are determined by the activities you undertake in your account. They are billed for operations like depositing cash, not investing for long periods, or withdrawals.
In general, neither HYCM or selftrade charge high fees compared to other online agents. For operations other brokers fee for, they either do not charge a brokerage fee, or they charge a lesser amount. This can be beneficial for people who often exchange, such as daily or weekly trading.
But, non-trading fees charged by HYCM and selftrade are relatively lower. Consequently, you are billed more for non-trading activities on your trading account, like deposits and withdrawal. These are not about the sale and purchase of assets.
This HYCM vs selftrade review for 2024 breaks down each of the relevant non-trading charges for you in detail.
Compare Broker Fees For HYCM And selftrade
Broker | HYCM | selftrade |
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Minimum Deposit | $100 | $250 |
Withdrawal Fees | Yes | Yes |
Inactivity Fees | Yes | No |
Deposit Fees | No | Yes |
CFD Fees | No | Yes |
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What Languages Do HYCM And selftrade Support?
Being able to communicate easily with your online platform is a key element when comparing brokers to find your perfect trading partner. Not only for support but to be sure you understand everything on their site and inside their application as it is a key part of success when trading online.
Here you can find all the languages that both HYCM and selftrade support.
How Many Clients Do HYCM and selftrade Have?
Both HYCM and selftrade are well established with their customer base. It is really important to work with an online broker that is reputable and one of the easiest 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 selftrade have
Broker | HYCM | selftrade |
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Clients / Users | 10,000+ | 14,000,000+ |
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What Payment Methods Do HYCM and selftrade Accept?
HYCM and selftrade 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 selftrade
Broker | HYCM | selftrade |
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Bank Transfers | Yes | Yes |
Credit Cards | Yes | Yes |
PayPal | Yes | Yes |
Skrill | Yes | Yes |
Payoneer | Yes | Yes |
Neteller | Yes | Yes |
Find Out More |
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What Can You Trade With HYCM and selftrade?
HYCM offers 100 trading instruments whilst selftrade offers 187.
Below you will find a full breakdown of what both HYCM and selftrade offer.
HYCM Review
HYCM vs selftrade:
Table Of Contents
- Compare HYCM vs selftrade
- Benefits of HYCM and selftrade Compared
- selftrade and HYCM Mobile App Comparison
- HYCM vs selftrade - Awards
- HYCM vs selftrade - Frequently Asked Questions
- What is the minimum deposit for selftrade or HYCM
- HYCM vs selftrade - Regulation And Licencing In More Detail
- Compare Broker Fees For HYCM And selftrade
- What Languages Do HYCM And selftrade Support?
- How Many Clients Do HYCM and selftrade Have?
- What Payment Methods Do HYCM and selftrade Accept?
- What Can You Trade With HYCM and selftrade?