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Comparison HYCM vs Saxo Bank
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares HYCM vs Saxo Bank. Is HYCM or Saxo Bank 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 Saxo Bank has a commission fee of from 0.1% commission. Now, let’s compare commission fees in Forex, the commission fee of HYCM is spreads from 0.2 pips, and the commission fee of Saxo Bank is from 0.4 pips. We can also analyze commission fees for trading CFD: they are spreads from 4 pips in HYCM vs from £0.85 in Saxo Bank. 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 from 0.1% commission for HYCM and Saxo Bank, respectively. The full online broker reviews contains more detailed information on the brokers’ commission fees.
Investors should always know about types of online trading supported by broker and about tools provided by them in trading. It is very important information as well. Let’s compare them. are HYCM provides customers with Stocks Trading, Forex Trading, Crypto Trading, and Saxo Bank provides customers with Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Crypto Trading, Robo Advisor. Concerning the platforms, HYCM uses Desktop Platform (Windows), Desktop Platform (MacOS), MT4, Android App, iOS App, while Saxo Bank uses Desktop Platform (Windows), Desktop Platform (MacOS), 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 Saxo Bank was founded in 1992 in Denmark, and it is regulated by FCA, FSA, DFSA, ASIC, FSC. We can withdraw funds from HYCM with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is free. And Saxo Bank provides the ability to withdraw funds with the help of Bank Wire, and its withdrawal fee is 0. The withdrawal time for HYCM is 1 - 7 business days, and that one for Saxo Bank is 1-2 business days.
Overall, HYCM boasts 4.8 stars versus Saxo Bank 4.1 stars.