Axiory vs HYCM Broker Comparison
Are you trying to figure out which is a better broker, Axiory or HYCM? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that Axiory is the better of the two. Axiory offers 80+ instruments, licenses from IFSC, and fair trading fees.
In the tables below, you can compare the features of Axiory and HYCM side by side, to work out which suits your trading needs best. You can also carry on reading to find out why our experts ranked Axiory higher than HYCM.
Does Axiory or HYCM have lower trading costs and fees?
To compare the costs of trading at different brokers, our experts analyze both trading-specific fees, such as spreads, and non-trading fees, such as inactivity charges and payment costs.
To give an overall view of how cheap or expensive Axiory and HYCM are, we first considered the common fees on Standard Accounts. At Axiory the average spread for the EUR/USD currency pair is 1.1 pips, whilst at HYCM the spread is 1.8.
This shows that Axiory is the better option for low-cost forex trading.
When it comes to non-trading fees, Axiory charges for withdrawal. HYCM charges for inactivity. With this in mind, both brokers offer similar non-trading fees.
When our experts analyzed the specific costs of both brokers, we found that HYCM is the better option.
*Based on Standard account type.
Which broker is safer, Axiory or HYCM?
In order to decide how safe our top-rated brokers are, our experts look at a number of factors. This includes what licenses the broker holds and how reputable those licenses are. We also consider the history of the broker, as a long-standing broker is often more reliable and trustworthy than a newer one.
Axiory is regulated by IFSC and offers client protection. HYCM is regulated by FCA, CySec, CIMA and offers client protection.
Considering these two factors, and the general reputation and history of both brokers, we believe that HYCM is the safer broker.
How many trading instruments are available at Axiory and HYCM?
Axiory provides traders with 80+ instruments. This includes 62 currency pairs, 0 cryptocurrencies, and 0 stocks and shares. With Axiory, you can also trade CFDs.
In comparison, HYCM boasts 300+ tradable instruments. HYCM offers 69 currency pairs, 14 cryptocurrencies, and 70 stocks and shares. HYCM also allows CFD trading.
As HYCM has 300+ and Axiory has 80+, a difference of 220, this shows that HYCM offers more opportunities to diversify your trading portfolio.
Which broker offers the best trading platform, Axiory or HYCM?
When our experts review a broker, they open their own accounts and place trades via the broker’s trading platform. This allows them to fully evaluate the quality of the platform, how easy it is to use and what features it offers.
Axiory provides you with the ability to trade via 2 trading platforms, and HYCM has 3 trading platforms. Both brokers also offer research and trading tools, however Axiory has more.
Overall, our experts agree that HYCM boasts the better trading platform offering.
Which is better for beginners, Axiory or HYCM?
To decide how well-suited a broker is for beginner traders, our experts look at what educational materials are available, how accessible the minimum deposit limits are, the range of account types and whether or not you can practice trading with a demo account first.
Considering this, our reviews show that Axiory is the better broker for beginner traders as it offers a larger range of educational tools and materials. Axiory also has a minimum deposit of $.