Comparison HYCM vs XTB

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

First of all, we’ll compare the commission fees of the two brokers. HYCM has a commission fee of spreads vary, and XTB has a commission fee of from 0.3 pips. For trading in Forex, the commission fee of HYCM is spreads from 0.2 pips, while the commission fee of XTB is from 0.1 pips. We can also analyze commission fees for trading CFD: they are spreads from 4 pips in HYCM vs 0.08% minimum $8.00 USD in XTB. 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 0.3 pips for HYCM and XTB, respectively. The full online broker reviews contains more detailed information on the brokers’ commission fees.

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 XTB. Concerning the platforms, HYCM uses Desktop Platform (Windows), Desktop Platform (MacOS), MT4, Android App, iOS App, while XTB uses 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 established in 1977 in United Kingdom, and it is regulated by FCA, CySEC, CIMA. And XTB was established in 2002 in United Kingdom, and it is regulated by FCA, IFSC, KNF, CNMV and CMB. We can withdraw funds from HYCM with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is free. And XTB provides the ability to withdraw funds with the help of Bank Wire, and its withdrawal fee is free. The withdrawal time for HYCM is 1 - 7 business days, and that one for XTB is n/A.

As a result, the rating of HYCM is 4.8 stars versus that of XTB of 4.3 stars.