Comparison HYCM vs PaxForex
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares HYCM vs PaxForex. Is HYCM or PaxForex a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. The commission fee of HYCM on regular transactions of the stock exchange is spreads vary, and PaxForex has a commission fee of spreads from 5 pips. For trading in Forex, the commission fee of HYCM is spreads from 0.2 pips, while the commission fee of PaxForex is spreads from 0.4 pips. We can also analyze commission fees for trading CFD: they are spreads from 4 pips in HYCM vs spreads from 5 pips in PaxForex. And for summarizing a complete picture, we should see trading in the metal market, where these brikers provide the following commissions: spreads from 30 pips and spreads from 50 pips for HYCM and PaxForex, respectively. You can read more detailed information on commission fees in the online broker reviews.
It is important for investors to know what types of online trading broker supports and what tools they can use for trading. Let’s compare them. Stocks Trading, Forex Trading, Crypto Trading are provided to customers by HYCM and Stocks Trading, Forex Trading, Crypto Trading are provided by PaxForex. As for platforms, HYCM offers Desktop Platform (Windows), Desktop Platform (MacOS), MT4, Android App, iOS App, while PaxForex offers Desktop Platform (Windows), Desktop Platform (MacOS), MT4, Android App, iOS App.
Finally, by comparing the two online brokers, we want to pay attention to the year and country of establishing, the regulatory authorities and the possibility of withdrawing funds. HYCM was founded in 1977 in United Kingdom, and it is regulated by FCA, CySEC, CIMA. And PaxForex was founded in 2014 in St. Vincent and Grenadines, and it is regulated by Not Regulated. We can withdraw funds from HYCM with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is free. And PaxForex provides the ability to withdraw funds with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is varies. The time for withdrawal in HYCM is 1 - 7 business days, and that one in PaxForex is within 1 business day.
As a result, the rating of HYCM is 4.8 stars versus that of PaxForex of 4 stars.