Global Broker Regulation Inquiry App
About WikiFX
English
简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
اردو
HYCM 、XTRADE 交易商比较(前端未翻译)
Do you want to know which is the better broker between HYCM and XTRADE ?
在下表中，您可以并排比较 HYCM 、 XTRADE 的功能，以确定最适合您的交易需求。(前端未翻译)
- 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
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
RAW,CLASSIC,FIXED
--
$20
1:500
From 0.1
0.00
Variable
0.01
--
1.78
Not Regulated
Under guarantee
5-10 years
ASIC,CYSEC,FSCA
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
--
VIP,Premium,Platinum,Standard
--
$25,000
--
--
0.00
Fixed
--
--
HYCM 、 XTRADE BrokerRelated News
HYCM 、 XTRADE 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 xtrade 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 |
xtrade
| XtradeReview Summary | |
| Founded | 2022-07-18 |
| Registered Country/Region | Belize |
| Regulation | Exceeded(FSC)/Revoked(ASIC)/Suspicious Clone(CYSEC) |
| Market Instruments | CFDs, Indices, Commodities, Shares, Forex, ETFs, Bonds, and more |
| Demo Account | ✅ |
| Leverage | Up to 1:400 |
| Spread | From 2 pips |
| Trading Platform | Xtrade(Web/Mobile/Tablet) |
| Min Deposit | $250(Standard account: $200) |
| Customer Support（24/7） | Email: info@xtrade-dm.net/support@xtrade-dm.net |
| Tel: +852 58080622 | |
| Fax: +61(2)99292055(Australia)/+44(0)2081049401(UK) | |
| Social Media: Facebook, Twitter, LinkedIn, Instagram, YouTube | |
Xtrade Information
Xtrade is an experienced online broker specializing in helping investors build diversified investment portfolios. Through Xtrade, investors can access multiple markets including CFDs, Indices, Commodities, Shares, Forex, ETFs, Bonds, and moreon the Xtradetrading platform. Xtrade also provides demo accounts and 4 live accounts with leverage starting from 1:400 on Forex, and this broker says it offers 24/7 customer support. However, Xtrade still has risks due to some comments about its high trading spread.
Pros and Cons
| Pros | Cons |
| Leverage up to 1:400 | Exceeded(FSC)/Revoked(ASIC)/Suspicious Clone(CYSEC) |
| Demo account available | Some negative Comments |
| 24/7 customer support | Spreads from 2 pips |
| Various tradable instruments | MT4/MT5 available |
| accessible office website | |
| First deposit bonus up to $5000 |
Is Xtrade Legit?
It is relatively safe for investors to conduct financial activities in regulated entities. The regulatory information of this broker is as follows:
| Regulated Country | Regulated Authority | Regulated Entity | License Type | License Number | Current Status |
 | FSC | Xtrade International Ltd. | Common Financial Service License | IFSC/60/383/TS/15 | Exceeded |
 | ASIC | Xtrade International Ltd | Market Making(MM) | 343628 | Revoked |
 | CYSEC | Merba Limited | Market Making(MM) | 108/10 | Suspicious Clone |
What Can I Trade on Xtrade?
Traders can choose different investment directions because the broker provides traders with access toForex, CFDs, Indices, Commodities, Shares, ETFs, Bonds, and more.
| Tradable Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Indices | ✔ |
| Commodities | ✔ |
| Shares | ✔ |
| ETFs | ✔ |
| Bonds | ✔ |
Account Type
Xtrade offers four account types. Traders who own more deposits can choose a VIP account, while those with a small budget can open a Standard account. If you are in between, you can choose the Premium account or the Platinum account. In addition, the demo account is predominantly used to familiarize traders with the trading platform and for educational purposes only.
| Account Type | Standard | Premium | Platinum | Vip |
| Minimum Deposit | $200 | $1000 | $5000 | $25000 |
| Minimum spread(EURUSD) | 5 pips | 3 pips | 3 pips | 2 pips |
| Commission Free Deposits | ✔ | ✔ | ✔ | ✔ |
| Demo account | ✔ | ✔ | ✔ | ✔ |
Xtrade Fees
The spread is from 2 pips. The spread is more than 1pips, which is relatively high and the liquidity is relatively poor.
Leverage
The maximum leverage is 1:400 meaning that profits and losses are magnified as well as gains.
Trading Platform
Xtrade provides a Proprietary platform available for web, mobile, and print versions. Traders can choose the method that suits them to access and conduct trading-related activities.
| Trading Platform | Supported | Available Devices | Suitable for |
| Xtrade APP | ✔ | Web, Mobile, Tablet | All traders |
Deposit and Withdrawal
The minimum amount to deposit is 250 USD. Xtrade accepts credit/debit cards, bank transfers, American Express, and more options for deposits and withdrawals.
Withdrawal requests take up to five business days to process. Third-party withdrawal payment methods (i.e. credit card company, wire transfer bank, or intermediary bank delays) In extreme cases, delays of 3 weeks
Bonus
Xtrade offers a first deposit bonus of up to $5000, a 100% bonus.
Do hycm and xtrade 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 xtrade 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 xtrade the spread is --.
Which broker between hycm, xtrade 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. xtrade is regulated by ASIC,CYSEC,FSCA.
Which broker between hycm, xtrade 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 --; xtrade offers the VIP,Premium,Platinum,Standard platform featuring assets including --.
