umarkets vs HYCM, for 2024
umarkets Rating
|
HYCM Rating
|
Your capital is at risk |
Losses can exceed deposits |
umarkets vs HYCM Guide |
Read our In-Depth umarkets vs HYCM Review - for 2024
Our umarkets vs HYCM review has been updated to reflect any changes for 2024 by knowledgeable insiders boasting years of expertise across CFDs, Social Trading, & Forex.
Please note that due to regulations for each broker, the content in this comparison of umarkets vs HYCM does not apply to all countries as follows:
umarkets 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 umarkets vs HYCM
Every online trading platforms feature some pros and cons, so any comprehensive umarkets and HYCM review would not be complete without embracing a fair assessment.
Assess HYCM and umarkets to understand how they stack up to each before you choose to make an account. Performing a comprehensive comparison helps to bring aspects into perspective so that you are aware of what to expect.
So you are looking for a professional broker and are choosing between umarkets or HYCM. Who should you choose?
Our umarkets vs HYCM comparison contains the most recent information so you can easily compare HYCM against umarkets.
If you are a new entrant in the world of trading and brokerages, so many nuances will be confusing for you. Getting into the world of trading requires expert assessing skills and comprehensive knowledge. You will get adept at all the concepts of broker as you continue trading. For starters, you need to select the right agent who will be clear with you always.
In this fast-paced universe of stock markets and trading, you will need guidance to make correct decisions. A professionally lead investment program has the potential to create hefty returns. umarkets and HYCM are just two such companies that will take you along with your investment to great heights. It's crucial that you compare umarkets vs HYCM until you trust them with your cash.
Our umarkets vs HYCM comparison will help you judge the effectiveness, price, ease of use and customer support, and whether you can trust umarkets and HYCM side by side.
Our entire umarkets vs HYCM Review covers everything you will need to know about trading using either umarkets or HYCM. A fantastic broker can multiply your first investments and provide you favorable profits. If you would like to make profits, you should trade with a brokerage service that aligns with your investing objectives.
There's absolutely no sure-fire method to guarantee profits; therefore, you must carefully analyze your agent before you select them. It is a frequent misconception that all agents will be the same, but that is not correct. Wrong judgment, initially, can put your investments in danger.
umarkets and HYCM are both brokers which have forged their way successfully into the broker world. In this review, we've tried to collate some of the important facets of both umarkets and HYCM. This review can allow you to know whether either HYCM or umarkets is a good match for your own investments or not. We've attempted to breakdown all the qualities and fees for your convenience.
Benefits of umarkets and HYCM Compared
umarkets offers a minimum deposit of $250 while HYCM offers a $100 minimum deposit.
Why smaller minimum deposits are good and how umarkets 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.
umarkets allows you to trade around 216 financial instruments while HYCM has around 216 available.
The more financial instruments you can trade on the umarkets 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 umarkets or HYCM.
umarkets and HYCM Contact Details
Being able to contact a broker through many ways is important. umarkets and HYCM have the following contact details and social medias that you can use.
Broker | umarkets | HYCM |
---|---|---|
Telephone Number | +44 20 8816 7812 | |
support@hycm.com | ||
Address | 3rd Floor, 28 Throgmorton St, London, Greater London EC2N 2AN | |
umarkets Twitter Account | HYCM Twitter Account | |
umarkets Facebook Page | HYCM Facebook Page | |
umarkets Instagram Account | HYCM Instagram Account | |
umarkets LinkedIn Page | HYCM LinkedIn Page | |
YouTube | umarkets YouTube Channel | HYCM YouTube Channel |
Find Out More |
|
|
HYCM and umarkets 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 umarkets and HYCM will examine whether their mobile app meets all our requirements.
Overall, we rate the user-friendliness of the 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
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 only ever traded US stocks and start typing 'Apple', will the AI show you the Apple stock or the obscure Irish stock Applegreen?
umarkets vs HYCM - Awards
umarkets vs HYCM - Frequently Asked Questions
umarkets vs HYCM - Headquarters And Year Of Founding
umarkets was founded in 2018 and has its headquaters in Bulgaria.
HYCM was founded in 1977 and has its headquaters in UK.
What is the minimum deposit for HYCM or umarkets
The minimum deposit for umarkets is $250.
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 umarkets and HYCM are a good choice.
umarkets vs HYCM - Regulation And Licencing In More Detail
umarkets is regulated by Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC), Dubai Financial Services Authority (DFSA), Pepperstone Markets Limited is incorporated in The Bahamas (number 177174 B), Licensed by the Securities Commission of The Bahamas (SCB) number SIA-F333.
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 umarkets and HYCM have a strong set of rules for ensuring honest trading onto their platforms. For data encryption purposes, they provide industry-standard secure socket layers (SSL).
As per their individual privacy policies, customer information is to not be shared with any other institutions or individuals. This includes credit history and other financial information.
Compare umarkets vs HYCM Commission And Fees
umarkets and HYCM are online broker platforms, and most online brokerages charge lower prices than traditional brokerages tend to bill. The cause of this is that the businesses of online trading platforms are scaled much better. In other words, an online broker isn't necessarily affected by the amount of clients they have.
However, this does not necessarily mean that online brokers don't charge any fees. They charge fees of varying rates for a variety of services to make money. There are mainly 3 types of fees for this objective.
The first kind of charges to look out for are trading fees. When you make an actual trade, like buying a stock or an ETF, you're billed trading charges. In such instances, you're spending a spread, financing speed, or a commission. The sorts of trading charges and the rates vary from broker to broker.
Commissions could be fixed or determined by the traded volume. On the other hand, a spread refers to the gap between the buying and selling cost. Financing or overnight prices are those who are charged when you hold a leveraged position for longer than a day.
Apart from trading fees, online brokers also charge non-trading fees. These are determined by the activities you undertake in your accounts. They are charged for operations like depositing cash, not trading for long periods, or withdrawals.
Generally, neither umarkets or HYCM charge high fees in comparison to other online brokers. For operations other agents charge for, they either do not charge a brokerage fee, or they charge a smaller sum. This can be beneficial for those who often trade, such as daily or weekly trading.
However, non-trading fees charged by umarkets and HYCM are comparatively higher. Consequently, you are charged more for non-trading actions in your trading account, such as withdrawal and deposits. These are not about the purchase and sale of resources.
This umarkets vs HYCM review for 2024 breaks down every one of the applicable non-trading fees for you in detail.
Compare Broker Fees For umarkets And HYCM
Broker | umarkets | HYCM |
---|---|---|
Minimum Deposit | $250 | $100 |
Withdrawal Fees | Yes | Yes |
Inactivity Fees | Yes | Yes |
Deposit Fees | No | No |
CFD Fees | No | No |
Find Out More |
|
|
What Languages Do umarkets And HYCM Support?
Being able to talk completely with your trading broker is a key element when comparing brokers to find the best trading partner. Not only for support but to ensure you understand everything on their site and inside their app as it is a key part of success when trading online.
Below you will find all the languages that both umarkets and HYCM support.
How Many Clients Do umarkets and HYCM Have?
Both umarkets and HYCM are well established with their customer base. It is important to work with an online broker that is professional 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 clients umarkets and HYCM are working with
Broker | umarkets | HYCM |
---|---|---|
Clients / Users | 10,000+ | 10,000+ |
Find Out More |
|
|
What Payment Methods Do umarkets and HYCM Accept?
umarkets 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 umarkets and HYCM
Broker | umarkets | HYCM |
---|---|---|
Bank Transfers | Yes | Yes |
Credit Cards | Yes | Yes |
PayPal | Yes | Yes |
Skrill | Yes | Yes |
Payoneer | Yes | Yes |
Neteller | Yes | Yes |
Find Out More |
|
|
What Can You Trade With umarkets and HYCM?
umarkets offers 216 trading instruments and HYCM offers 100.
Below you will find a full breakdown of what both umarkets and HYCM offer.
umarkets Review
umarkets vs HYCM:
Table Of Contents
- Compare umarkets vs HYCM
- Benefits of umarkets and HYCM Compared
- HYCM and umarkets Mobile App Comparison
- umarkets vs HYCM - Awards
- umarkets vs HYCM - Frequently Asked Questions
- What is the minimum deposit for HYCM or umarkets
- umarkets vs HYCM - Regulation And Licencing In More Detail
- Compare Broker Fees For umarkets And HYCM
- What Languages Do umarkets And HYCM Support?
- How Many Clients Do umarkets and HYCM Have?
- What Payment Methods Do umarkets and HYCM Accept?
- What Can You Trade With umarkets and HYCM?