freetrade vs HYCM, for 2024
The value of investments can go up as well as down and you may receive back less than your original investment.
Losses can exceed deposits
freetrade vs HYCM Guide
Read our In-Depth freetrade vs HYCM Review - Updated for 2024
This review comparing freetrade and HYCM has been updated to reflect any changes for 2024 from industry experts boasting extensive expertise across Social Trading, Forex, & CFDs.
Please note that due to regulations for each broker, the content in this comparison of freetrade vs HYCM does not apply to all countries as follows:
freetrade Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, United States of America, and Afghanistan.
HYCM Excluded Countries
Brazil, Republic of Korea, Iran, Iraq, Syrian Arab Republic, Japan, and United States of America.
Compare freetrade vs HYCM
Each platforms for online trading will have certain ups and downs, and a complete review of freetrade and HYCM would not be complete without having a balanced approach.
Assess freetrade and HYCM to get a better understanding of how they line up to one another before you decide to open an account. Conducting a comparative analysis can place factors in perspective so that you remain aware of what to expect.
So you are looking for a reputable broker and are choosing between freetrade or HYCM. Which one is best in 2024?
Our freetrade vs HYCM comparison contains the most recent information so you can easily compare HYCM against freetrade.
If you are a new entrant in the world of trading and brokers, so many nuances will be confusing for you. Getting into the area of trading requires expert assessing skills and thorough knowledge. You will get proficient at all of the concepts of broker as you continue trading. For starters, you need to choose the ideal agent who'll be clear with you always.
Within this fast-paced universe of stock markets and trading, you will need advice to make correct decisions. A professionally lead investment program has the potential to create hefty returns. freetrade and HYCM are just two such companies that will take you along with your investment to great heights. It is important that you compare freetrade vs HYCM before you trust them with your cash.
Our freetrade vs HYCM comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust freetrade and HYCM side by side.
Our full freetrade vs HYCM Review covers all you will need to learn about trading using either freetrade or HYCM. A fantastic broker can multiply your initial investments and give you favorable profits. If you would like to make profits, you must trade with a brokerage service that contrasts with your investing objectives.
There's absolutely no sure-fire method to guarantee profits; thus, you should carefully analyze your agent before you select them. It's a common misconception that all agents will be the same, but that's not true. Wrong judgment, initially, can put your investments in danger.
freetrade and HYCM are both brokers which have forged their way successfully into the broker world. Within this review, we've tried to collate a number of the important facets of both freetrade and HYCM. This review can allow you to know whether either HYCM or freetrade is a good match for your own investments or not. We've tried to breakdown all the features and charges for your convenience.
Benefits of freetrade and HYCM Compared
freetrade offers a minimum deposit of $0 while HYCM has a $100 minimum deposit.
Why smaller minimum deposits are good and how freetrade 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.
freetrade allows you to trade around 115 financial instruments while HYCM has around 115 available.
The more financial instruments you can trade on the freetrade 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 freetrade or HYCM.
freetrade and HYCM Contact Details
Being able to contact an online trading platform simply is vital. freetrade and HYCM have the following contact details and social medias that you can use.
|Telephone Number||+44 203 488 2539||+44 20 8816 7812|
|Address||68 Hanbury St, London, Greater London E1 5JL, GB||3rd Floor, 28 Throgmorton St, London, Greater London EC2N 2AN|
|freetrade Twitter Account||HYCM Twitter Account|
|freetrade Facebook Page||HYCM Facebook Page|
|freetrade Instagram Account||HYCM Instagram Account|
|freetrade LinkedIn Page||HYCM LinkedIn Page|
|YouTube||freetrade YouTube Channel||HYCM YouTube Channel|
|Find Out More||
HYCM and freetrade 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 freetrade and HYCM we'll check whether either of their mobile apps tick all the boxes.
We rate overall the user-friendliness of the apps as better than average.
It is important that any trading app has user friendly capabilities especially with the
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?
freetrade vs HYCM - Awards
freetrade have won a lot of industry awards over the years they have been running as an online broker. We list the most recognised awards for freetrade below.
|At the time of writing this HYCM review, and despite HYCM’s impressive offering, the company has surprisingly not garnered any awards to date.|
|Find Out More||
freetrade vs HYCM - Frequently Asked Questions
freetrade vs HYCM - Headquarters And Year Of Founding
freetrade was founded in 2016 and has its head office in United Kingdom.
HYCM was founded in 1977 and has its headquaters in UK.
What is the minimum deposit for HYCM or freetrade
The minimum deposit for freetrade 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 freetrade and HYCM are a good choice.
freetrade vs HYCM - Regulation And Licencing In More Detail
freetrade is regulated by Financial Conduct Authority. Registered in England and Wales (no. 09797821).
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 freetrade and HYCM have a powerful collection of rules for ensuring fair 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 to not be shared with any other institutions or individuals. This includes credit history and other financial details.
Compare freetrade vs HYCM Commission And Fees
freetrade and HYCM are online brokerage platforms, and most 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 number of clients they have.
However, this doesn't necessarily mean that online brokers don't charge any fees. They charge prices of varying rates for a variety of services to earn money. There are primarily 3 different types of penalties for this objective.
The first kind of fees to keep an eye out for are trading charges. When you make an actual trade, like purchasing a stock or an ETF, you are charged trading charges. In such instances, you're paying a spread, financing rate, or even a commission. The kinds of trading fees and the rates vary from broker to broker.
Commissions could be fixed or determined by the traded volume. On the other hand, a spread denotes the difference between the buying and selling price. Funding or overnight prices are those who are charged when you maintain a leveraged position for longer than daily.
Apart from trading fees, online agents also charge non-trading fees. These are dependent on the activities you undertake in your accounts. They are billed for operations like depositing money, not trading for long periods, or withdrawals.
Generally, neither freetrade or HYCM charge high fees in comparison to other online brokers. For operations other agents fee for, they either do not charge a broker fee, or they charge a lesser amount. This is beneficial for people who often exchange, such as daily or weekly trading.
But, non-trading fees billed by freetrade and HYCM are relatively lower. As a result, you are charged more for non-trading actions in your trading accounts, such as withdrawal and deposits. These aren't about the sale and purchase of assets.
This freetrade vs HYCM review for 2024 breaks down every one of the relevant non-trading charges for you in detail.
Compare Broker Fees For freetrade And HYCM
What Languages Do freetrade And HYCM Support?
Being able to chat easily with your trading broker is a key part of comparing online brokers to find your perfect trading partner. Not only for support but to be sure you understand everything on their website and inside their app as it is a key part of success when trading online.
Below you can find the languages that both freetrade and HYCM offer communication in.
How Many Clients Do freetrade and HYCM Have?
Both freetrade and HYCM are well established with their client base. It is important to work with a broker that is professional and one of the most simple ways of establishing this is by knowing how many clients they already work with.
Below you will find details of how many users freetrade and HYCM are active on their platform
|Clients / Users||890,000+||10,000+|
|Find Out More||
What Payment Methods Do freetrade and HYCM Accept?
freetrade 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 freetrade and HYCM
What Can You Trade With freetrade and HYCM?
freetrade offers 115 trading instruments and HYCM offers 100.
Below you will find a full breakdown of what both freetrade and HYCM offer.
freetrade vs HYCM:
Table Of Contents
- Compare freetrade vs HYCM
- Benefits of freetrade and HYCM Compared
- HYCM and freetrade Mobile App Comparison
- freetrade vs HYCM - Awards
- freetrade vs HYCM - Frequently Asked Questions
- What is the minimum deposit for HYCM or freetrade
- freetrade vs HYCM - Regulation And Licencing In More Detail
- Compare Broker Fees For freetrade And HYCM
- What Languages Do freetrade And HYCM Support?
- How Many Clients Do freetrade and HYCM Have?
- What Payment Methods Do freetrade and HYCM Accept?
- What Can You Trade With freetrade and HYCM?