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Comparison HYCM vs UFX

A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare HYCM vs UFX. Which of them: HYCM or UFX a better online broker?

Firstly, let’s compare commission fees provided by these brokers for regular transactions. HYCM has a commission fee of spreads vary, and UFX has a commission fee of from 130. Now, let’s compare commission fees in Forex, the commission fee of HYCM is spreads from 0.2 pips, and the commission fee of UFX is from 2. We can also analyze commission fees for trading CFD: they are spreads from 4 pips in HYCM vs from 50 in UFX. For a more complete picture, let’s consider trading in the metal market, where HYCM and UFX have commission fees of spreads from 30 pips and from 50, 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, ETFs Trading, Forex Trading, Crypto Trading are provided by UFX. As for platforms, HYCM offers Desktop Platform (Windows), Desktop Platform (MacOS), MT4, Android App, iOS App, while UFX offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, Android App, iOS App.

In conclusion, when comparing the two online brokers, we should pay our attention to the year and country of foundation, the regulatory authorities and ways to withdraw funds. HYCM was founded in 1977 in United Kingdom, and it is regulated by FCA, CySEC, CIMA. And UFX was founded in 2007 in Republic of Vanuatu, and it is regulated by VFSC. Withdrawal of funds from HYCM can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of free. And UFX provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of free. The withdrawal time for HYCM is 1 - 7 business days, and that one for UFX is up to 10 business days.

As a result, the rating of HYCM is 4.8 stars versus that of UFX of 3.6 stars.

Overall Rating

 
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
 
HYCM
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
UFX
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education

Fees

Fees
Stock
ETFs
Forex Spreads
CFDs
Metals
Cryptocurrency
HYCM
Stock
Spreads vary
ETFs
N/A
Forex Spreads
Spreads from 0.2 pips
CFDs
Spreads from 4 pips
Metals
Spreads from 30 pips
Cryptocurrency
Spreads at 70 pips
UFX
Stock
From 130
ETFs
From 35
Forex Spreads
From 2
CFDs
From 50
Metals
From 50
Cryptocurrency
From 33000

Types of trading

Types of trading
Stocks Trading
ETFs Trading
Forex Trading
Crypto Trading
HYCM
Stocks Trading
ETFs Trading
Forex Trading
Crypto Trading
UFX
Stocks Trading
ETFs Trading
Forex Trading
Crypto Trading

Platforms

Platforms
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
MT4
HYCM
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
MT4
UFX
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
MT4

Tools

Tools
Research & Analysis
Education
Demo account
HYCM
Research & Analysis
Education
Demo account
UFX
Research & Analysis
Education
Demo account

Mobile App

Mobile App
Android App
iOS App
HYCM
Android App
iOS App
UFX
Android App
iOS App

Deposits

Deposits
Minimum deposit
Bank Wire
Visa/Mastercard
HYCM
Minimum deposit
$100
Bank Wire
Visa/Mastercard
UFX
Minimum deposit
$100
Bank Wire
Visa/Mastercard

Withdrawals

Withdrawals
Bank Wire
Visa/Mastercard
Withdrawal Time
Withdrawal Fee
HYCM
Bank Wire
Visa/Mastercard
Withdrawal Time
1 - 7 business days
Withdrawal Fee
Free
UFX
Bank Wire
Visa/Mastercard
Withdrawal Time
Up to 10 business days
Withdrawal Fee
Free

Security & Fairness

Security & Fairness
Сountry of Origin
Year Founded
Regulated By
HYCM
Сountry of Origin
United Kingdom
Year Founded
1977
Regulated By
FCA, CySEC, CIMA
UFX
Сountry of Origin
Republic of Vanuatu
Year Founded
2007
Regulated By
VFSC

Customer Service

Customer Service
Phone
Email
Live Chat
 
HYCM
Phone
+442088167812
Email
support@hycm.com
Live Chat
Yes
UFX
Phone
+44 208-150-0778
Email
Contact Form
Live Chat
Yes

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