Zerodha vs HYCM, for 2024
Zerodha Rating
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HYCM Rating
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Your capital is at risk |
Losses can exceed deposits |
Zerodha vs HYCM Guide |
Read our In-Depth Zerodha vs HYCM Review - for 2024
This comprehensive analysis of Zerodha and HYCM has been refreshed to reflect any changes for 2024 from seasoned professionals boasting significant expertise across CFDs, Social Trading, & Forex.
Please note that due to regulations for each broker, the content in this comparison of Zerodha vs HYCM does not apply to all countries as follows:
Zerodha 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 Zerodha vs HYCM
All online trading platforms has some pros and cons, so any comprehensive review of Zerodha and HYCM should not be complete without having a fair assessment.
Assess HYCM and Zerodha to understand the way they compare to each other before you choose to open an account. Performing a side-by-side comparison will bring aspects into perspective so that you are cognizant of the expectations.
So you are looking for a professional broker and are choosing between Zerodha or HYCM. Who should you choose?
Our Zerodha vs HYCM comparison contains the most recent information so you can easily compare HYCM against Zerodha.
If you are a new entrant in the world of trading and brokers, so many details will be perplexing for you. Getting into the world of trading requires expert analyzing skills and thorough understanding. You will acquire proficient at all of the concepts of broker as you keep trading. For starters, you need to select the right broker who'll be clear with you always.
In this fast-paced world of stock markets and trading, you'll need guidance to make proper decisions. A professionally direct investment plan has the potential to create hefty returns. Zerodha and HYCM are two such platforms which will take you along with your investment to great heights. It is important that you compare Zerodha vs HYCM before you trust them with your money.
Our Zerodha vs HYCM comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust Zerodha and HYCM side by side.
Our entire Zerodha vs HYCM Review covers everything you need to know about trading with either Zerodha or HYCM. A fantastic agent can multiply your first investments and provide you favorable profits. If you want to earn profits, you must trade with a broker service that contrasts with your investment goals.
There is no sure-fire way to guarantee profits; thus, you should carefully assess your agent before you choose them. It's a common misconception that all agents will be exactly the same, but that's not true. Wrong judgment, initially, can put your investments at risk.
Zerodha and HYCM are both brokers which have found their way successfully into the broker world. In this review, we've attempted to collate a number of the vital aspects of both Zerodha and HYCM. This review will allow you to know whether either HYCM or Zerodha is a fantastic match for your investments or not. We've attempted to breakdown all of the features and fees for your convenience.
Benefits of Zerodha and HYCM Compared
Zerodha has a minimum deposit of $0 while HYCM has a $100 minimum deposit.
Why smaller minimum deposits are good and how Zerodha 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.
Zerodha has around 5000 financial instruments whilst HYCM allows you to trade around 5000 financial instruments on their platform.
The more instruments you can trade on the Zerodha 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 seriously do not want to miss out on a trading opportunity due to the limitations of Zerodha or HYCM.
Zerodha and HYCM Contact Details
Being able to contact a broker simply is a sign of a professional broker. Zerodha and HYCM have the following contact details and social medias that you can use.
Broker | Zerodha | HYCM |
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Telephone Number | +44 20 8816 7812 | |
support@hycm.com | ||
Address | 3rd Floor, 28 Throgmorton St, London, Greater London EC2N 2AN | |
Zerodha Twitter Account | HYCM Twitter Account | |
Zerodha Facebook Page | HYCM Facebook Page | |
Zerodha Instagram Account | HYCM Instagram Account | |
Zerodha LinkedIn Page | HYCM LinkedIn Page | |
YouTube | Zerodha YouTube Channel | HYCM YouTube Channel |
Find Out More |
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HYCM and Zerodha 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.
In this part of our comparison of Zerodha and HYCM we'll check whether either of their mobile apps tick all the boxes.
Overall, we rate the user-friendliness of both 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. 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?
Zerodha vs HYCM - Awards
Zerodha vs HYCM - Frequently Asked Questions
Zerodha vs HYCM - Headquarters And Year Of Founding
Zerodha was founded in 2010 and has its headquaters in India.
HYCM was founded in 1977 and has its headquaters in UK.
What is the minimum deposit for HYCM or Zerodha
The minimum deposit for Zerodha is $0.
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 Zerodha and HYCM are a good option.
Zerodha vs HYCM - Regulation And Licencing In More Detail
Zerodha is regulated by Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange.
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 Zerodha and HYCM have a strong collection of rules for ensuring fair trading on their platforms. For information encryption purposes, they provide industry-standard secure socket layers (SSL).
In accordance with their individual privacy policies, customer data is never to be shared with any other institutions or individuals. Including credit history and other financial details.
Compare Zerodha vs HYCM Commission And Fees
Zerodha and HYCM are online brokerage platforms, and most online brokerages charge lower fees than traditional brokerages tend to charge. The reason for this is that the businesses of online brokerages are scaled better. That is, an internet broker is not necessarily influenced by the amount of clients they have.
However, this does not mean that online brokers do not charge any fees. They charge fees of varying rates for various services to earn money. There are primarily three different types of fees for this purpose.
The first sort of fees to keep an eye out for are trading charges. When you make a genuine trade, like purchasing a stock or an ETF, you are charged trading fees. In such cases, you're paying a spread, funding rate, or even a commission. The sorts of trading fees and the rates differ from broker to broker.
Commissions can be fixed or dependent on the traded volume. On the flip side, a spread denotes the difference between the buying and selling price. Funding or overnight rates are people who are charged when you maintain a leveraged position for more than daily.
Aside from trading charges, online brokers also bill non-trading fees. These are dependent on the activities you undertake in your accounts. They are billed for surgeries like depositing money, not trading for lengthy periods, or withdrawals.
Generally, neither Zerodha or HYCM charge high fees compared to other online brokers. For operations other agents charge for, they either do not charge a broker fee, or they charge a lesser sum. This can be beneficial for those who often trade, for example weekly or daily trading.
But, non-trading fees billed by Zerodha and HYCM are comparatively higher. Consequently, you are charged more for non-trading actions in your trading accounts, such as withdrawal and deposits. These are not related to the purchase and sale of assets.
This Zerodha vs HYCM review for 2024 breaks down every one of the relevant non-trading charges for you in detail.
Compare Broker Fees For Zerodha And HYCM
Broker | Zerodha | HYCM |
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Minimum Deposit | $0 | $100 |
Withdrawal Fees | No | Yes |
Inactivity Fees | No | Yes |
Deposit Fees | Yes | No |
CFD Fees | Yes | No |
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What Languages Do Zerodha And HYCM Support?
Being able to chat easily with your online broker is a key part of comparing brokers to find the best broker. Not only for support but to be sure you understand everything on their site and inside their app as it is a key factor to success when trading forex.
Below you will find all the languages that both Zerodha and HYCM support.
How Many Clients Do Zerodha and HYCM Have?
Both Zerodha and HYCM are well known and trusted. It is important to work with an online broker you can trust and one of the most simple ways of understanding this is by knowing how many customers they already work with.
Below you will find details of how many users Zerodha and HYCM are working with
Broker | Zerodha | HYCM |
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Clients / Users | 1,500,000+ | 10,000+ |
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What Payment Methods Do Zerodha and HYCM Accept?
Zerodha 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 Zerodha and HYCM
Broker | Zerodha | HYCM |
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Bank Transfers | Yes | Yes |
Credit Cards | No | Yes |
PayPal | No | Yes |
Skrill | No | Yes |
Payoneer | No | Yes |
Neteller | No | Yes |
Find Out More |
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What Can You Trade With Zerodha and HYCM?
Zerodha offers 5000 trading instruments while HYCM offers 100.
Below you will find a full breakdown of what both Zerodha and HYCM offer.
Zerodha Review
Zerodha vs HYCM:
Table Of Contents
- Compare Zerodha vs HYCM
- Benefits of Zerodha and HYCM Compared
- HYCM and Zerodha Mobile App Comparison
- Zerodha vs HYCM - Awards
- Zerodha vs HYCM - Frequently Asked Questions
- What is the minimum deposit for HYCM or Zerodha
- Zerodha vs HYCM - Regulation And Licencing In More Detail
- Compare Broker Fees For Zerodha And HYCM
- What Languages Do Zerodha And HYCM Support?
- How Many Clients Do Zerodha and HYCM Have?
- What Payment Methods Do Zerodha and HYCM Accept?
- What Can You Trade With Zerodha and HYCM?