IG vs HYCM, Who's The Best?
Read our In-Depth IG vs HYCM Review - for 2024
This comprehensive analysis of IG and HYCM has been updated to reflect any changes for 2024 from seasoned professionals with significant financial experience across CFDs, Forex, & Social Trading.
Please note that due to regulations for each broker, the content in this comparison of IG vs HYCM does not apply to all countries as follows:
IG Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
HYCM Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare IG vs HYCM
All platforms for online trading will have a few ups and downs, so a complete IG and HYCM review cannnot be complete without adopting a fair assessment.
Assess HYCM and IG to get a better understanding of the way they compare against one another prior to you make an account. A comprehensive comparison can put things into perspective so that you remain informed about the expectations.
So you are looking for a professional broker and are choosing between IG or HYCM. Who is better in 2024?
This IG vs HYCM comparison contains the most recent information so you can easily compare HYCM against IG.
If you're a new entrant in the world of trading and brokerages, so many details will be perplexing for you. Getting into the world of trading demands expert analyzing skills and thorough knowledge. You will acquire proficient at all of the concepts of broker since you keep trading. For starters, you need to select the ideal agent who will be transparent with you constantly.
Within 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. IG and HYCM are two such platforms that will take you along with your investment to great heights. It's crucial to compare IG vs HYCM before you trust them with your cash.
Our IG vs HYCM comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust IG and HYCM side by side.
Our full IG vs HYCM Review covers everything you need to learn about trading with either IG or HYCM. A fantastic broker can multiply your first investments and give you favorable profits. If you would like to make profits, you should trade with a brokerage service that contrasts with your investing objectives.
There is no sure-fire way to ensure profits; therefore, you must carefully analyze your broker before you select them. It's a frequent misconception that all agents are exactly the same, but that's not correct. Wrong judgment, in the beginning, can set your investments in danger.
IG and HYCM are both brokers that have paved their way successfully to the broker world. In this review, we have tried to collate a number of the important aspects of both IG and HYCM. This review can help you to understand whether either HYCM or IG is a fantastic fit for your own investments or not. We have tried to breakdown all the features and charges for your advantage.
Benefits of IG and HYCM Compared
IG offers a minimum deposit of $200 while HYCM has a $100 minimum deposit.
Why smaller minimum deposits are good and how IG and HYCM 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.
IG has around 10,000 financial instruments whilst HYCM has around 10,000 financial instruments available.
The more financial instruments you can trade on the IG and HYCM 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 IG or HYCM.
IG and HYCM Contact Details
Being able to contact a broker simply is vital. IG and HYCM have the following contact details and social medias that you can use.
Broker | IG | HYCM |
---|---|---|
Telephone Number | +44 20 8816 7812 | |
support@hycm.com | ||
Address | 3rd Floor, 28 Throgmorton St, London, Greater London EC2N 2AN | |
IG Twitter Account | HYCM Twitter Account | |
IG Facebook Page | HYCM Facebook Page | |
IG Instagram Account | HYCM Instagram Account | |
IG LinkedIn Page | HYCM LinkedIn Page | |
YouTube | IG YouTube Channel | HYCM YouTube Channel |
Find Out More |
|
|
HYCM and IG 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 IG and HYCM will examine whether their mobile app meets all our requirements.
We rate overall the user-friendliness of both 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. 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 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?
IG vs HYCM - Awards
IG vs HYCM - Frequently Asked Questions
IG vs HYCM - Headquarters And Year Of Founding
IG was founded in 1974 and has its headquaters in UK.
HYCM was founded in 1977 and has its head office in UK.
What is the minimum deposit for HYCM or IG
The minimum deposit for IG is $200.
The minimum deposit for HYCM 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 IG and HYCM are a good choice.
IG vs HYCM - Regulation And Licencing In More Detail
IG is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC).
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.
Both IG and HYCM have a powerful set of rules for ensuring honest trading onto their individual platforms. For information encryption functions, they supply industry-standard secure socket layers (SSL).
In accordance with their own privacy policies, customer data is to not be shared with any other institutions or individuals. Including credit history and other financial information.
Compare IG vs HYCM Commission And Fees
IG and HYCM are online brokerage platforms, and many online brokerages charge lower prices 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 influenced by the number of clients they have.
However, this doesn't mean that online brokers do not charge any fees. They charge fees of varying rates for a variety of services to earn money. There are mainly 3 different types of fees for this purpose.
The first sort of charges to look out for are trading charges. When you make an actual trade, like buying a stock or an ETF, you are billed trading charges. In such cases, you're paying a spread, funding rate, or a commission. The kinds of trading fees and the prices differ from broker to broker.
Commissions could be fixed or dependent on the traded quantity. On the flip side, a spread denotes the difference between the buying and selling cost. Funding or overnight prices are people who are billed when you hold a leveraged position for more than a day.
Apart from trading charges, online brokers also charge non-trading fees. These are dependent on the activities you undertake in your account. They're billed for surgeries like depositing money, not investing for long periods, or withdrawals.
Generally, neither IG or HYCM charge high fees compared to other online agents. For operations other brokers charge for, they do not charge a brokerage fee, or they charge a lesser amount. This is beneficial for those who regularly exchange, such as weekly or daily trading.
But, non-trading fees charged by IG and HYCM are comparatively competitive. Consequently, you're charged more for non-trading actions on your trading account, such as withdrawal and deposits. These aren't about the sale and purchase of resources.
This IG vs HYCM review for 2024 breaks down every one of the applicable non-trading charges for you in detail.
Compare Broker Fees For IG And HYCM
What Languages Do IG And HYCM Support?
Being able to talk completely with your trading broker is a key element when comparing online brokers to find your perfect 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 part of success when trading forex.
Here you can find the languages that both IG and HYCM offer communication in.
How Many Clients Do IG and HYCM Have?
Both IG and HYCM 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 understanding this is by knowing how many customers are using their services.
Below you will find details of how many customers IG and HYCM are active on their platform
What Payment Methods Do IG and HYCM Accept?
IG and HYCM 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 IG and HYCM
What Can You Trade With IG and HYCM?
IG offers 10,000 trading instruments and HYCM offers 100.
Below you will find a full breakdown of what both IG and HYCM offer.
IG Review
IG vs HYCM:
Table Of Contents
- Compare IG vs HYCM
- Benefits of IG and HYCM Compared
- HYCM and IG Mobile App Comparison
- IG vs HYCM - Awards
- IG vs HYCM - Frequently Asked Questions
- What is the minimum deposit for HYCM or IG
- IG vs HYCM - Regulation And Licencing In More Detail
- Compare Broker Fees For IG And HYCM
- What Languages Do IG And HYCM Support?
- How Many Clients Do IG and HYCM Have?
- What Payment Methods Do IG and HYCM Accept?
- What Can You Trade With IG and HYCM?