HYCM vs XTB Broker Comparison

Are you trying to figure out which is a better broker, HYCM or XTB? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that XTB is the better of the two. XTB offers 1,800+ instruments, licenses from FCA, CySec, IFSC, and fair trading fees.

In the tables below, you can compare the features of HYCM and XTB 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 XTB higher than HYCM.

Rating
92.8/100
92.8/100
Min. Deposit
100$
-$
Regulated By
FCAFCA
CySecCySec
CIMACIMA
FCAFCA
CySecCySec
IFSCIFSC
Bonus
up to 5,000
No Information
Min. Spread
1.8
1.4
Max. Leverage
1:200
1:500
Currency Pairs
69
49
Trading Instruments
300+
1,800+
Trading Platforms
MT4, MT5, mobile
MT4, mobile, Private
Deposit Methods
Bank transfer, Visa, MasterCard, Neteller, Skrill, WebMoney
Bank transfer, Visa, Mastercard, E-wallets
Type of Brokers
Market Maker
STP/ECN
Customer Support
24/5
24/5
Language Support
12
20
Established
2010 1997, HQ in Cyprus
2002
Used By
1,000,000+ Traders
140,000+ Traders

Does HYCM or XTB 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 HYCM and XTB are, we first considered the common fees on Standard Accounts. At HYCM the average spread for the EUR/USD currency pair is 1.8 pips, whilst at XTB the spread is 1.4.

This shows that XTB is the better option for low-cost forex trading.

When it comes to non-trading fees, HYCM charges for inactivity. XTB charges for inactivity, deposit, withdrawal. With this in mind, HYCM has lower non-trading fees.

When our experts analyzed the specific costs of both brokers, we found that is the better option.

Trading Fees*

*Based on Standard account type.

Non-Trading Fees

Which broker is safer, HYCM or XTB?

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.

HYCM is regulated by FCA, CySec, CIMA and offers client protection. XTB is regulated by FCA, CySec, IFSC 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.

Broker summary

How many trading instruments are available at HYCM and XTB?

HYCM provides traders with 300+ instruments. This includes 69 currency pairs, 14 cryptocurrencies, and 70 stocks and shares. With HYCM, you can also trade CFDs.

In comparison, XTB boasts 1,800+ tradable instruments. XTB offers 49 currency pairs, 25 cryptocurrencies, and 1750 stocks and shares. XTB also allows CFD trading.

As XTB has 1,800+ and HYCM has 300+, a difference of 299, this shows that XTB offers more opportunities to diversify your trading portfolio.

Markets and Products

Which broker offers the best trading platform, HYCM or XTB?

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.

HYCM provides you with the ability to trade via 3 trading platforms, and XTB has 3 trading platforms, too. Both brokers also offer research and trading tools, however XTB has more.

Overall, our experts agree that XTB boasts the better trading platform offering.

Research Tools

Which is better for beginners, HYCM or XTB?

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 XTB is the better broker for beginner traders as it offers a larger range of educational tools and materials. XTB also has a minimum deposit of $.

Educational Features

Which broker is better overall?

Overall, our tested reviewing methodology proves that XTB is the better broker in a range of key areas. You can learn more by reading our HYCM and XTB reviews.

HYCM vs XTB
HYCM
92.8
Points
XTB
92.8
Points
Overall
HYCM
95
Points
XTB
95
Points
Commissions & Fees
HYCM
99
Points
XTB
98
Points
Licensing & Safety
1 points
HYCM
87
Points
XTB
89
Points
Trading Platforms & Tools
2 points
HYCM
92
Points
XTB
92
Points
Payments
HYCM
95
Points
XTB
93
Points
Customer Service
2 points
HYCM
89
Points
XTB
90
Points
Educational
1 points
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