easyMarkets vs HYCM, Who's The Best?

Compare easyMarkets vs HYCM

All platforms for online trading will have certain pros and cons, so any comprehensive review of easyMarkets and HYCM cannnot be regarded as thorough without having a fair assessment.

Examine HYCM and easyMarkets to get a better understanding of just how they stack up to one another prior to you choose to open an account. Conducting a comprehensive comparison helps to put things in perspective in order that you remain informed about what to expect.

So you are looking for an online trading platform and are choosing between easyMarkets or HYCM. Which one is best in 2024?

Our easyMarkets vs HYCM comparison contains the latest information so you can easily compare HYCM against easyMarkets.

If you're a new entrant in the realm of trading and brokers, so many details will be confusing for you. Getting into the world of trading requires expert assessing skills and thorough understanding. You will get adept at all of the concepts of brokerage as you keep trading. For starters, you need to choose the right agent who'll be transparent with you constantly.

In this fast-paced universe of stock markets and trading, you will need advice to make proper decisions. A professionally lead investment program has the potential to create hefty returns. easyMarkets and HYCM are two such platforms that will take you along with your investment into great heights. It is crucial that you compare easyMarkets vs HYCM before you trust them with your money.

Our easyMarkets vs HYCM comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust easyMarkets and HYCM side by side.

Our full easyMarkets vs HYCM Review covers everything you need to learn about trading with either easyMarkets or HYCM. A fantastic agent can multiply your first investments and provide you favorable profits. If you want to make profits, you should trade with a brokerage service that aligns with your investment objectives.

There's absolutely no sure-fire method to guarantee profits; therefore, you should carefully analyze your broker before you choose them. It's a frequent misconception that all brokers are the same, but that is not true. Wrong judgment, initially, can set your investments at risk.

easyMarkets and HYCM are both brokers that have paved their way successfully into the brokerage world. Within this review, we've tried to collate a number of the vital facets of both easyMarkets and HYCM. This review will help you to understand whether either HYCM or easyMarkets is a good fit for your investments or not. We've tried to breakdown all the features and fees for your convenience.

Benefits of easyMarkets and HYCM Compared

easyMarkets offers a minimum deposit of $100 while HYCM has a $100 minimum deposit.

Why smaller minimum deposits are good and how easyMarkets 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.

easyMarkets has around 200 financial instruments while HYCM has around 200 on their platform.

The more instruments you can trade on the easyMarkets 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 easyMarkets or HYCM.

easyMarkets and HYCM Contact Details

Being able to contact an online trading platform easily is a sign of a professional broker. easyMarkets and HYCM have the following contact details and social medias that you can use.

HYCM and easyMarkets 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 easyMarkets and HYCM we'll check whether either of their mobile apps tick all the boxes.

We rate overall 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

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?

easyMarkets vs HYCM - Awards

easyMarkets vs HYCM - Frequently Asked Questions

easyMarkets vs HYCM - Headquarters And Year Of Founding

easyMarkets was founded in 2003 and has its head office in Cyprus, Australia.

HYCM was founded in 1977 and has its headquaters in UK.

What is the minimum deposit for HYCM or easyMarkets

The minimum deposit for easyMarkets is $100.

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 easyMarkets and HYCM are a good option.

easyMarkets vs HYCM - Regulation And Licencing In More Detail

easyMarkets is regulated by Cyprus Securities and Exchange Commission (CySEC), 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 easyMarkets and HYCM have a strong set of rules for ensuring fair trading on their own platforms. For data encryption purposes, they provide industry-standard secure socket layers (SSL).

As per their individual privacy policies, client data is never to be shared with any other institutions or individuals. This includes credit history and other financial information.

Compare easyMarkets vs HYCM Commission And Fees

easyMarkets and HYCM are online broker platforms, and many online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the companies of online trading platforms are scaled much better. In other words, an internet broker is not necessarily influenced by the amount of clients they have.

However, this doesn't mean that online brokers don't charge any fees. They charge fees of varying rates for various services to earn money. There are primarily 3 different types of fees for this objective.

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 fees. In such instances, you are paying a spread, financing speed, or a commission. The kinds of trading charges and the rates differ from broker to broker.

Commissions can be fixed or dependent on the traded volume. On the other hand, a spread refers to the difference between the buying and selling cost. Financing or overnight prices are those who are billed when you maintain a leveraged position for longer than daily.

Apart from trading fees, online agents also bill non-trading fees. These are determined by the actions you undertake on your accounts. They're charged for surgeries like depositing money, not trading for lengthy periods, or withdrawals.

In general, neither easyMarkets or HYCM charge high fees compared to other online agents. For operations other agents charge for, they either do not charge a broker fee, or they charge a lesser sum. This is beneficial for people who often trade, for example daily or weekly trading.

But, non-trading fees billed by easyMarkets and HYCM are comparatively lower. Consequently, you are charged more for non-trading actions on your trading account, such as deposits and withdrawal. These are not about the purchase and sale of resources.

This easyMarkets vs HYCM review for 2024 breaks down each of the applicable non-trading fees for you in detail.

Compare Broker Fees For easyMarkets And HYCM

What Languages Do easyMarkets And HYCM Support?

Being able to talk easily with your trading broker is a key way of comparing brokers to find the best trading partner. Not only for support but to ensure you completely understand everything on their website and inside their app as it is a key part of success when trading online.

Below you will find all the languages that both easyMarkets and HYCM support.

How Many Clients Do easyMarkets and HYCM Have?

Both easyMarkets and HYCM are well established with their client base. It is really important to work with an online broker that is professional and one of the most simple ways of establishing this is by knowing how many customers they already work with.

Below you will find details of how many customers easyMarkets and HYCM have

What Payment Methods Do easyMarkets and HYCM Accept?

easyMarkets 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 easyMarkets and HYCM

What Can You Trade With easyMarkets and HYCM?

easyMarkets offers 200 trading instruments while HYCM offers 100.

Below you will find a full breakdown of what both easyMarkets and HYCM offer.