ThinkMarkets vs HYCM, Updated for 2022
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ThinkMarkets Rating: 8.03 / 10 |
HYCM Rating: 6.30 / 10 |
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71.89% of retail investor accounts lose money when trading CFDs with this provider. |
Losses can exceed deposits |
ThinkMarkets vs HYCM Guide |
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Read our In-Depth ThinkMarkets vs HYCM Review - Updated for 2022
This ThinkMarkets vs HYCM review has been updated for 2022 by industry experts with years of financial experience in Forex, CFDs, & Social Trading.
Please note that due to regulations for each broker, the content in this ThinkMarkets vs HYCM review does not apply to all countries as follows:
ThinkMarkets Excluded Countries
United States of America, Canada, Russian Federation, and Belgium.
HYCM Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
So you are looking for a reputable broker and are choosing between ThinkMarkets or HYCM. Which one is best in 2022?
Our ThinkMarkets vs HYCM review contains the latest information so you can easily compare HYCM against ThinkMarkets.
If you are a new entrant in the realm of trading and brokers, so many facts will be perplexing for you. Getting into the area of trading demands expert assessing skills and thorough understanding. You will acquire proficient at all of the concepts of brokerage as you keep trading. For starters, you have to choose the right broker who'll be transparent with you constantly.
Within 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. ThinkMarkets and HYCM are two such companies which will take you along with your investment into great heights. It is important to compare ThinkMarkets vs HYCM before you trust them with your cash.
Our ThinkMarkets vs HYCM comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust ThinkMarkets and HYCM side by side.
Our entire ThinkMarkets vs HYCM Review covers everything you need to learn about trading using either ThinkMarkets or HYCM. A good agent can multiply your initial investments and provide you positive profits. If you would like to earn profits, you should trade with a broker service that aligns with your investment goals.
There's absolutely no sure-fire way to ensure profits; thus, you must carefully analyze your broker before you choose them. It is a common misconception that all brokers will be the same, but that's not true. Wrong judgment, initially, can put your investments at risk.
ThinkMarkets and HYCM are both brokers which have forged their way successfully into the broker world. In this review, we've attempted to collate some of the important aspects of both ThinkMarkets and HYCM. This review can allow you to know whether either HYCM or ThinkMarkets is a good match for your own investments or not. We have attempted to breakdown all the features and fees for your advantage.
Compare ThinkMarkets vs HYCM
Every online trading system has some ups and downs, and no ThinkMarkets and HYCM review would be complete without having a balanced approach. Compare ThinkMarkets and HYCM to understand how they stack up against each other before you make an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
Benefits of ThinkMarkets and HYCM Compared
ThinkMarkets has a minimum deposit of $0 while HYCM offers a $100 minimum deposit.
Why smaller minimum deposits are good and how ThinkMarkets 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.
ThinkMarkets has around 1500 financial instruments whilst HYCM allows you to trade around 1500 on their platform.
The more financial instruments you can trade on the ThinkMarkets and HYCM 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 seriously do not want to miss out on a trading opportunity due to the limitations of ThinkMarkets or HYCM.
ThinkMarkets and HYCM Contact Details
Being able to contact your broker easily is a sign of a professional broker. ThinkMarkets and HYCM have the following contact details and social medias that you can use.
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| Broker | ThinkMarkets | HYCM |
| Telephone Number | Australia: +61 3 9093 3400 <br>UK: +44 203 514 2374 <br>Italy: +39 023 057 9033 <br>Spain: +34 911829975 | +44 20 8816 7812 |
| support@thinkmarkets.com | support@hycm.com | |
| Address | Level 18, 357 Collins St, Melbourne, Victoria 3000, Australia <br /><br/>Hana, 4th Floor, 70 St Mary Axe, London EC3A 8BE, United Kingdom | 3rd Floor, 28 Throgmorton St, London, Greater London EC2N 2AN |
| ThinkMarkets Twitter Account | HYCM Twitter Account | |
| ThinkMarkets Facebook Page | HYCM Facebook Page | |
| ThinkMarkets Instagram Account | HYCM Instagram Account | |
| ThinkMarkets LinkedIn Page | HYCM LinkedIn Page | |
| YouTube | ThinkMarkets YouTube Channel | HYCM YouTube Channel |
| Find Out More |
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HYCM and ThinkMarkets Mobile App Comparison
It is becoming increasingly important for brokers to offer simple-to-use apps that provide the same services as desktop platforms.
This part of comparing ThinkMarkets 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 crucial that trading apps have user-friendly capabilities, especially for those who use it with their smartphones.
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?
ThinkMarkets vs HYCM - Awards
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| Broker | ThinkMarkets | HYCM |
| Awards |
ThinkMarkets have won many industry awards over the time they have been operating as an online broker. We show the most recognised awards for ThinkMarkets here.
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At the time of writing this HYCM review, and despite HYCM’s impressive offering, the company has surprisingly not garnered any awards to date. |
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ThinkMarkets vs HYCM - Frequently Asked Questions
ThinkMarkets vs HYCM - Headquarters And Year Of Founding
ThinkMarkets was founded in 2010 and has its head office in Australia & United Kingdom.
HYCM was founded in 1977 and has its headquaters in UK.
What is the minimum deposit for HYCM or ThinkMarkets
The minimum deposit for ThinkMarkets is $0.
The minimum deposit for HYCM 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 ThinkMarkets and HYCM are a good choice.
ThinkMarkets vs HYCM - Regulation And Licencing In More Detail
ThinkMarkets is regulated by the Japanese Financial Services Agency (JFSA) with license no. 0250, the Cyprus Securities and Exchange Commission (CySEC) with license no. 215/13, the Financial Conduct Authority (FCA 629628) in the UK, the Australian Securities and Investments Commission (ASIC 424700), the Financial Sector Conduct Authority (FSCA) in South Africa and the Financial Services Authority (FSA SD060) Seychelles. TF Global Markets (UK) Limited is authorised and regulated by the Financial Conduct Authority, FRN 629628. TF GLobal Markets (Aust) Limited is the holder of Australian Financial Services Licence number 424700. TF GLobal Markets (South Africa) (Pty) Ltd is an authorised financial services provider (FSP No 49835). TF Global Markets Int Limited is authorised and regulated by the Financial Services Authority, Firm Reference Number SD060 Seychelles .
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 ThinkMarkets and HYCM 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).
As per their individual privacy regulations, client information is to not be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare ThinkMarkets vs HYCM Commission And Fees
ThinkMarkets and HYCM are online brokerage platforms, and many online brokerages charge lower prices than traditional brokerages tend to bill. The reason for this is that the companies of online trading platforms are scaled better. In other words, an online broker is not necessarily influenced by the amount of customers they have.
But this does not mean that online brokers don't charge any fees. They charge fees of varying rates for various services to make money. There are primarily three types of fees for this objective.
The first sort of fees to look out for are trading charges. Whenever you make a genuine trade, like purchasing a stock or an ETF, you are billed trading charges. In these cases, you're spending a spread, financing speed, or even a commission. The kinds of trading charges and the rates differ from broker to broker.
Commissions could be fixed or determined by the traded volume. On the flip side, a spread refers to the gap between the buying and selling cost. Funding or overnight rates are people who are billed when you hold a leveraged position for longer than a day.
Aside from trading charges, online agents also bill non-trading fees. These are determined by the actions you undertake in your accounts. They're charged for operations like depositing money, not trading for lengthy periods, or withdrawals.
Generally, neither ThinkMarkets or HYCM charge high fees compared to other online agents. For operations other brokers charge for, they either do not charge a broker fee, or they charge a smaller sum. This can be beneficial for those who often exchange, such as daily or weekly trading.
But, non-trading fees charged by ThinkMarkets and HYCM are relatively competitive. As a result, you are charged more for non-trading activities in your trading account, such as deposits and withdrawal. These are not related to the sale and purchase of resources.
This ThinkMarkets vs HYCM review for 2022 breaks down each of the applicable non-trading charges for you in detail.
Compare Broker Fees For ThinkMarkets And HYCM
What Languages Do ThinkMarkets And HYCM Support?
Being able to chat completely with your online platform is a key part of comparing online brokers to find the best trading partner. Not only for support but to be sure you completely understand everything on their site and inside their app as it is a key part of success when trading forex.
Below you can find all the languages that both ThinkMarkets and HYCM support.
How Many Clients Do ThinkMarkets and HYCM Have?
Both ThinkMarkets and HYCM are well established with their client base. It is important to work with a broker that is professional and one of the easiest ways of understanding this is by knowing how many clients are using their services.
Below you will find details of how many customers ThinkMarkets and HYCM are active on their platform
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| Broker | ThinkMarkets | HYCM |
| Clients / Users | 475,000+ | 10,000+ |
| Find Out More |
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What Payment Methods Do ThinkMarkets and HYCM Accept?
ThinkMarkets 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 ThinkMarkets and HYCM
What Can You Trade With ThinkMarkets and HYCM?
ThinkMarkets offers 1500 trading instruments whilst HYCM offers 100.
Below you will find a full breakdown of what both ThinkMarkets and HYCM offer.
Compare ThinkMarkets To All Other Brokers
Compare HYCM To All Other Brokers
