Uphold vs HYCM, Who's The Best?
Read our In-Depth Uphold vs HYCM Review - Updated for 2022
This Uphold 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 Uphold vs HYCM review does not apply to all countries as follows:
Uphold Excluded Countries
Anguilla, Antarctica, Armenia, Azerbaijan, Barbados, Belarus, Cambodia, Central African Republic, Chad, Cuba, Eritrea, Fiji, French Southern Territories, Guinea, Heard Island and McDonald Islands, Iran, Lebanon, Liberia, Mali, Mauritius, Democratic Peoples Republic of Korea, Palau, Samoa, Sudan, Syrian Arab Republic, United States Minor Outlying Islands, Vanuatu, Albania, American Samoa, Azerbaijan, Bangladesh, Belarus, Bosnia and Herzegovina, Bulgaria, Burundi, China, Democratic Republic of the Congo, Congo, Croatia, Equatorial Guinea, Georgia, Germany, Guinea Bissau, Haiti, Indonesia, Iraq, Kenya, Libya, Republic of Moldova, Montenegro, Myanmar, Netherlands, North Macedonia, Romania, Russian Federation, Serbia, Slovenia, Somalia, Turkmenistan, Ukraine, Venezuela, Vietnam, and Yemen.
HYCM Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare Uphold vs HYCM
Every online trading system has a few ups and downs, and no Uphold and HYCM review would be complete without showing both sides. Compare Uphold and HYCM to understand how they line up against each other before you create an account. A comparative analysis can put things into perspective so that you are aware of what to expect.
So you are looking for a reputable broker and are choosing between Uphold or HYCM. Who should you choose?
Our Uphold vs HYCM comparison contains the latest information so you can easily compare HYCM against Uphold.
If you are a new entrant in the realm of trading and brokers, so many details will be perplexing for you. Getting into the world of trading demands expert assessing skills and thorough understanding. You'll acquire proficient at all of the concepts of broker as you continue trading. For starters, you need to select the right broker who'll be transparent with you always.
In this fast-paced universe of stock markets and trading, you'll need advice to make proper decisions. A professionally direct investment program has the potential to generate hefty returns. Uphold and HYCM are just two such trading platforms that will take you along with your investment to great heights. It is important to compare Uphold vs HYCM before you trust them with your cash.
Our Uphold vs HYCM comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust Uphold and HYCM side by side.
Our entire Uphold vs HYCM Review covers all you need to know about trading using either Uphold or HYCM. A good agent can multiply your initial investments and provide you favorable profits. If you would like to earn profits, you should trade with a broker service that contrasts with your investing goals.
There's absolutely no sure-fire way to ensure profits; thus, 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 true. Wrong judgment, in the beginning, can put your investments in danger.
Uphold and HYCM are both brokers that have paved their way successfully into the brokerage world. Within this review, we have tried to collate a number of the vital aspects of both Uphold and HYCM. This review will allow you to understand whether either HYCM or Uphold is a fantastic match for your investments or not. We have tried to breakdown all the features and charges for your advantage.
Benefits of Uphold and HYCM Compared
Uphold offers a minimum deposit of $1 while HYCM has a $100 minimum deposit.
Why smaller minimum deposits are good and how Uphold 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.
Uphold has around 211 financial instruments whilst HYCM has around 211 on their platform.
The more financial instruments you can trade on the Uphold 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 should never want to miss out on a trading opportunity due to the limitations of Uphold or HYCM.
Uphold and HYCM Contact Details
Being able to contact a broker easily is important. Uphold and HYCM have the following contact details and social medias that you can use.
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| Broker | Uphold | HYCM |
| Telephone Number | +1 (415) 925-2711 | +44 20 8816 7812 |
| support@uphold.com | support@hycm.com | |
| Address | 700 Larkspur Landing Cir, Ste 263, Larkspur, California 94939, US | 3rd Floor, 28 Throgmorton St, London, Greater London EC2N 2AN |
| Uphold Twitter Account | HYCM Twitter Account | |
| Uphold Facebook Page | HYCM Facebook Page | |
| Uphold Instagram Account | HYCM Instagram Account | |
| Uphold LinkedIn Page | HYCM LinkedIn Page | |
| YouTube | Uphold YouTube Channel | HYCM YouTube Channel |
| Find Out More |
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HYCM and Uphold 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 Uphold and HYCM 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. 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?
Uphold vs HYCM - Awards
Uphold vs HYCM - Frequently Asked Questions
Uphold vs HYCM - Headquarters And Year Of Founding
Uphold was founded in 2013 and has its headquaters in United States.
HYCM was founded in 1977 and has its head office in UK.
What is the minimum deposit for HYCM or Uphold
The minimum deposit for Uphold is $1.
The minimum deposit for HYCM is $100.
Depending on your current situation, a lower minimum deposit can be beneficial. If you are experienced with forex trading but are looking for a change then both Uphold and HYCM are a good choice.
Uphold vs HYCM - Regulation And Licencing In More Detail
Uphold is regulated by FCA and FINCEN: Uphold Europe Limited, Reg No. 09281410. Uphold HQ Inc. NMLS ID No. 1269875 .
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 Uphold and HYCM have a powerful collection of rules for ensuring honest trading onto their platforms. For information encryption purposes, they supply industry-standard secure socket layers (SSL).
As per their own privacy policies, client information is never to be shared with any other institutions or individuals. Including credit history and other financial information.
Compare Uphold vs HYCM Commission And Fees
Uphold and HYCM are online brokerage platforms, and many online brokerages charge lower fees than traditional brokerages tend to bill. The reason for this is that the companies of online trading platforms are scaled much better. That is, an online broker is not necessarily affected by the amount of customers they have.
However, this doesn't mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to earn money. There are primarily three different types of penalties for this objective.
The first kind of charges to keep an eye out for are trading fees. Whenever you make an actual trade, like purchasing a stock or an ETF, you're billed trading charges. In such cases, you are spending a spread, financing speed, or even a commission. The kinds of trading charges and the prices vary from broker to broker.
Commissions can be fixed or determined by the traded quantity. On the flip side, a spread refers to the gap between the buying and selling cost. Financing or overnight rates are those that are charged when you hold a leveraged position for more than daily.
Aside from trading fees, online agents also bill non-trading fees. These are dependent on the actions you undertake on your account. They're charged for operations like depositing cash, not trading for long periods, or withdrawals.
In general, neither Uphold or HYCM 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 amount. This can be beneficial for people who regularly trade, for example weekly or daily trading.
But, non-trading fees charged by Uphold and HYCM are comparatively greater. Consequently, you are charged more for non-trading activities on your trading accounts, such as withdrawal and deposits. These aren't about the purchase and sale of assets.
This Uphold vs HYCM review for 2022 breaks down each of the relevant non-trading charges for you in detail.
Compare Broker Fees For Uphold And HYCM
What Languages Do Uphold And HYCM Support?
Being able to talk easily with your online platform is a key element when comparing brokers to find the best broker. Not only for support but to be sure you completely understand everything on their website and inside their app as it is a key factor to success when trading online.
Below you will find all the languages that both Uphold and HYCM support.
How Many Clients Do Uphold and HYCM Have?
Both Uphold and HYCM are well established with their client base. It is important to work with a broker that is reputable and one of the easiest ways of establishing this is by knowing how many clients are using their services.
Below you will find details of how many clients Uphold and HYCM are active on their platform
What Payment Methods Do Uphold and HYCM Accept?
Uphold 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 Uphold and HYCM
What Can You Trade With Uphold and HYCM?
Uphold offers 211 trading instruments and HYCM offers 100.
Below you will find a full breakdown of what both Uphold and HYCM offer.
Compare Uphold To All Other Brokers
Compare HYCM To All Other Brokers