XTB vs HYCM Broker Comparison

Are you trying to figure out which is a better broker, XTB or HYCM? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that HYCM is the better of the two. HYCM offers 300+ instruments, licenses from FCA, CySec, CIMA, and fair trading fees.

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

Rating
92.8/100
97/100
Min. Deposit
0$
100$
Regulated By
FCAFCA
CySecCySec
IFSCIFSC
FCAFCA
CySecCySec
CIMACIMA
Bonus
N/A
up to 5,000
Min. Spread
1.4
1.8
Max. Leverage
1:500
1:200*
Currency Pairs
49
69
Trading Instruments
1800+
300+
Trading Platforms
MT4, mobile, Private
MT4, MT5, mobile
Deposit Methods
Bank Transfer, Visa, Mastercard, E-wallets
Bank Wire Transfer, Visa, MasterCard, Neteller, Skrill, WebMoney
Type of Brokers
STP, ECN
Market Maker
Customer Support
24/5
24/5
Language Support
20
12
Established
2002
1997, HQ in Cyprus
Used By
140,000+ Traders
1,000,000+ Traders

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

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

When it comes to non-trading fees, XTB charges for inactivity, deposit, withdrawal. HYCM charges for inactivity. 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, XTB 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.

XTB is regulated by FCA, CySec, 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.

Broker summary

How many trading instruments are available at XTB and HYCM?

XTB provides traders with 1800+ instruments. This includes 49 currency pairs, 25 cryptocurrencies, and 1750 stocks and shares. With XTB, 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 both brokers offer the same total number of instruments, both are great choice if you are wishing to diversify your trading portfolio.

Markets and Products

Which broker offers the best trading platform, XTB 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.

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

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

Research Tools

Which is better for beginners, XTB 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 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 0$ and offers a demo account.

Educational Features

Which broker is better overall?

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

XTB vs HYCM
XTB
92.8
Points
HYCM
97
Points
Overall
5 points
XTB
95
Points
HYCM
95
Points
Commissions & Fees
XTB
98
Points
HYCM
99
Points
Licensing & Safety
1 points
XTB
89
Points
HYCM
87
Points
Trading Platforms & Tools
2 points
XTB
92
Points
HYCM
92
Points
Payments
XTB
93
Points
HYCM
95
Points
Customer Service
2 points
XTB
90
Points
HYCM
89
Points
Educational
1 points
Open Account in HYCM