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اردو
HYCM , MONEY SQUARE Broker Comparison
Do you want to know which is the better broker between HYCM and MONEY SQUARE ?
In the table below, you can compare the features of HYCM , MONEY SQUARE side by side to determine the best fit for your needs.
- Rating
- Basic Information
- Trading Env.
- Account Info
- Related News
- Relevant Exposures
- Rating
- Basic Information
- Trading Env.
- Account Info
- Related News
- Relevant Exposures
2 / 3 forex brokers comparison in total
Rating
Score
Regulatory Status
WikiFX Guarantee
WikiFX Survey
Risk Evaluation
Exposure
Basic Information
Est. Date
Regulatory License
MT4
MT5
Crypto
Deposit/Withdrawal Methods
Trading Env.
Trading Environment Rating
Execution Speed
Trading Speed Rating
Average Execution Speed
Minimum Execution Latency
Minimum Open Latency
Minimum Close Latency
Maximum Execution Latency
Maximum Open Latency
Maximum Close Latency
Slippage
Slippage Rating
Average Slippage
Max Slippage
Maximum Positive Slippage
Maximum Negative Slippage
Trading Cost
Trading Cost Rating
- Average Trading Cost
- (EURUSD)
- Average Trading Cost
- (XAUUSD)
Swap
Swap Rating
- Average Trading Cost
- (EURUSD)
- Average Trading Cost
- (XAUUSD)
Disconnection Instances
Disconnection Rating
Avg. Disconnection Frequency (/day)
Avg. Reconnection Time
Account Info
Accounts
Account Name
Trading Instruments
Minimum Deposit
Maximum Leverage
Typical Spread
Stop-Out Level
Spread Types
Minimum Trade Size
Crypto
Lock Position
Scalping
EA Trading
7.2
Regulated
Under guarantee
20+ years
FCA
Bank transfer,VISA,MASTER,crypto
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RAW,CLASSIC,FIXED
--
$20
1:500
From 0.1
0.00
Variable
0.01
--
7.98
Regulated
Under guarantee
--
--
10-15 years
FSA
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--
--
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HYCM BrokerRelated News
HYCM BrokerRelevant Exposures
Which broker is more reliable?
To evaluate a broker's reliability and trustworthiness, consider the following four factors:
1.Forex broker introduction。
2.Do hycm and money-square have lower transaction costs?
3.Which broker is safer?
4.Which broker offers the best trading platform?
Based on these four factors, we can compare which is reliable. We have broken down the reasons as follows:
Forex broker introduction
hycm
| HYCMReview Summary | |
| Founded | 2006-11-20 |
| Registered Country/Region | United Kingdom |
| Regulation | Regulated |
| Market Instruments | CDFs(on Forex/Commodities/Stocks/Cryptos/Indices) |
| Demo Account | ✅ |
| Leverage | Up to 1:1000 |
| Spread | From 0.1 pips |
| Trading Platform | HYCM Trader/MT4/MT5(Web/Windows/Mobile(Android/iOS)) |
| Min Deposit | $20 |
| Customer Support | Phone: +442088167812 |
| Email: support@hycm.com | |
| Email: accounts@hycm.com | |
| Email: info@hycm.com | |
| Email: complaints@hycm.com | |
| Facebook/Twitter/LinkedIn/Instagram/YouTube/Crunchbase/Discord | |
| Live chat | |
HYCM Information
HYCM is a broker. The tradable instruments include CDFs on forex, commodities, stocks, cryptos, and indices. The broker also provides three accounts with a maximum leverage of 1:1000. The minimum spread is from 0.1 pips and the minimum deposit is $20.
Pros and Cons
| Pros | Cons |
| MT4/MT5 available | High max leverage |
| 24/5 customer support | Negative comments about difficulty in withdrawal |
| Regulated | |
| Spread from 0.1 pips | |
| Demo account available | |
| Various tradable instruments |
Is HYCM Legit?
HYCM is regulated by FCA with license number 186171, which is much safer than unregulated brokers. The license type is Market Making(MM).
What Can I Trade on HYCM?
HYCM offers a wide range of market instruments, including CDFs on forex, commodities, stocks, cryptos, and indices.
| Tradable Instruments | Supported |
| Forex CDFs | ✔ |
| Commodities CDFs | ✔ |
| Stocks CDFs | ✔ |
| Cryptos CDFs | ✔ |
| Indices CDFs | ✔ |
| Precious Metals | ❌ |
| Shares | ❌ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
HYCM has three account types: fixed, classic, and raw. Traders who want low spreads can choose a raw account. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only. Islamic users are allowed to open Islamic accounts with no swap fees.
| Account Type | Fixed | Classic | Raw |
| Spreads from | 1.5 pips | 1.2 pips | 0.1 pips |
| Min. deposit | 20 USD | 20 USD | 20 USD |
| Min. Volume per trade | 0.01 | 0.01 | 0.01 |
| Swap free (Islamic) | Yes | Yes | Yes |
| Commission | Free | Free | S0 to $5 per round |
HYCM Fees
The spread starts at 0.1 pips, the swap is free, and the commission starts at 0. The lower the spread, the faster the liquidity.
Leverage
The maximum leverage is 1:1000 meaning that profits and losses are magnified 1000 times.
Trading Platform
HYCM cooperates with the authoritative MT4 and MT5 trading platform and a propriety trading platform available on the Web, Windows, and Mobile(Android/iOS) to trade. Junior traders prefer MT4 over MT5. Traders with rich experience are more suitable for using MT5. MT4 and MT5 provide various trading strategies and implement EA systems.
| Trading Platform | Supported | Available Devices | Suitable for |
| HYCM Trader | ✔ | Android/iOS | - |
| MT4 | ✔ | Web/Windows/Mobile(Android/iOS) | Junior traders |
| MT5 | ✔ | Web/Windows/Mobile(Android/iOS) | Experienced traders |
Deposit and Withdrawal
The minimum deposit is $20. HYCM accepts Shutterstock, Visa, Mastercard, Neteller, Skrill, Crypto, AstroPay, WebMoney, PayTrust, Fasapay, Zotapay, and Lipi for deposit and withdrawal. The deposit processing times are up to 1 hour and 1 to 7 working days and associated fees are $0. The withdrawal processing times are up to 24 hours and 1 to 7 working days and associated fees are $0.
| Method (Deposits) | Minimum | Processing | Fees |
| Shutterstock | US $20 | 1 to 7 working days | $0 |
| Visa/Mastercard | US $20 | Up to 1 hour | $0 |
| Neteller | US $20 | Up to 1 hour | $0 |
| Skrill | US $20 | Up to 1 hour | $0 |
| Crypto | US $20 | Up to 1 hour | $0 |
| AstroPay | US $20 | Up to 1 hour | $0 |
| WebMoney | US $20 | Up to 1 hour | $0 |
| PayTrust | US $20 | Up to 1 hour | $0 |
| Fasapay | US $20 | Up to 1 hour | $0 |
| Zotapay | US $20 | Up to 1 hour | $0 |
| Lipi | US $20 | Up to 1 hour | $0 |
| Method (Withdrawals) | Minimum | Processing | Fees |
| Shutterstock | US $300 | 1 to 4 working days | $0 |
| Visa/Mastercard | US $20 | 1 to 7 working days | $0 |
| Neteller | US $20 | Up to 24 hours | $0 |
| Skrill | US $20 | Up to 24 hours | $0 |
| Crypto | US $20 | Up to 24 hours | $0 |
| AstroPay | US $20 | Up to 24 hours | $0 |
| WebMoney | US $20 | Up to 24 hours | $0 |
| PayTrust | US $20 | Up to 24 hours | $0 |
| Fasapay | US $20 | Up to 24 hours | $0 |
| Zotapay | US $20 | Up to 24 hours | $0 |
| Lipi | US $20 | Up to 24 hours | $0 |
money-square
| MONEY SQUARE Review Summary | |
| Founded | 2015 |
| Registered Country/Region | Japan |
| Regulation | FSA |
| Market Instruments | Forex, CFDs |
| Demo Account | ✅ |
| Leverage | Up to 1:25 |
| Spread | From 0.1 pips |
| Trading Platform | Proprietary platform |
| Min Deposit | 0 |
| Customer Support | Tel: +81 03-3470-5050 |
| X, YouTube, LINE, Instagram | |
MONEY SQUARE Information
Founded in 2015, MONEY SQUARE is a regulated broker registered in Japan, offering trading on forex and CFDs with leverage up to 1:25 and spread from 0.1 pips through a proprietary trading platform. Demo accounts are available and there is no minimum deposit requirement.
Pros and Cons
| Pros | Cons |
| FSA-regulated with long establishment | Limited trading products |
| Demo accounts | No MT4/MT5 platform |
| No minimum deposit | Limited payment options |
| Only accept Japanese Yen for deposits and withdrawals |
Is MONEY SQUARE Legit?
Yes. MONEY SQUARE is regulated by Financial Services Agency (FSA).
| Regulated Country | Regulator | Current Status | Regulated Entity | License Type | License No. |
 | Financial Services Agency (FSA) | Regulated | 株式会社マネースクエア | Retail Forex License | 関東財務局長（金商）第2797号 |
What Can I Trade on MONEY SQUARE?
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Leverage
The broker offers max leverage of 1:25. The use of leverage can both work in your favour and against you. Leverage magnifies the returns from favorable movements in a currency's exchange rate.
MONEY SQUARE Fees
MONEY SQUARE does not set transaction fees for users, but charges a certain amount of spreads, for example, from 0.1 pips for USD/JPY, 0.1 pips for GBP/JPY and 0.1 pips for NZD/JPY.
No commission fee is required. Depending on the interest rate situation in each country, swaps may change from “receipt” to “payment”, or payments may be made on both buy and sell positions.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Proprietary platform | ✔ | Windows, Mac, iPhone, Android | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
The broker accepts payments via both quick deposit and transfer payments. MONEY SQUARE recommends the former because it is instant and free of charge, while the latter requires the client to bear the transfer fees. Note that MONEY SQUARE only accepts Japanese Yen for deposits and withdrawals.
Do hycm and money-square have lower transaction costs?
To compare transaction costs across different brokers, our experts analyze the transaction-specific fees (such as spreads) and non-trading fees (such as inactivity fees and payment costs).
To get a comprehensive understanding of how cheap or expensive hycm and money-square are, we first considered common fees for standard accounts. On hycm, the average spread for the EUR/USD currency pair is From 0.1 pips, while on money-square the spread is --.
Which broker between hycm, money-square is safer?
To determine the safety of our top brokers, our experts will consider many factors. This includes which licenses the broker holds and the credibility of these licenses. We also consider the history of brokers, because long-term brokers are usually more reliable and trustworthy than new brokers.
hycm is regulated by FCA. money-square is regulated by FSA.
Which broker between hycm, money-square provides better trading platform?
When our experts review brokers, they will open their own accounts and trade through the broker's trading platform. This enables them to comprehensively evaluate the quality, ease of use, and function of the platform.
hycm provides the RAW,CLASSIC,FIXED platform with products like --; money-square offers the -- platform featuring assets including --.
