AB Forex
HYCM
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Overview
AB Forex was founded in 2003 and is headquartered in STOCKHOLM, while HYCM was established in 1977 and is based in UK. AB Forex holds licences including Unregulated, while HYCM is regulated by Financial Conduct Authority (FCA) among others. AB Forex serves 10,000+ clients worldwide; HYCM has 10,000+. Both brokers share the same minimum deposit of $100.
| Feature | AB Forex | HYCM |
|---|---|---|
| Min. Deposit | $100 | $100 |
| Regulation | Unregulated | Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048 |
| Founded | 2003 | 1977 |
| Country | STOCKHOLM | UK |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between AB Forex and HYCM, directly affecting your bottom line as a trader. Both require a minimum deposit of $100. Both brokers charge withdrawal fees. Both brokers charge inactivity fees on dormant accounts, worth noting if you trade infrequently. AB Forex charges deposit fees; HYCM does not. Overall, HYCM scores higher on fees in our assessment.
| Feature | AB Forex | HYCM |
|---|---|---|
| Min. Deposit | $100 | $100 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | Yes | No |
Platforms
HYCM supports social and copy trading features, which AB Forex does not offer. HYCM edges ahead on platform breadth and functionality in our scoring.
| Feature | AB Forex | HYCM |
|---|---|---|
| MT4 | No | Yes |
| MT5 | No | Yes |
| cTrader | No | Yes |
| Windows App | No | Yes |
| iOS App | No | Yes |
| Android App | No | Yes |
| Trading Platforms | DealBook├é┬¼├âÔÇá 360 (Desktop, Mobile, iPhone, iPad, iPod touch, Web) | MT4, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how AB Forex and HYCM compare. HYCM runs regular live webinars; AB Forex does not. HYCM has a video library; AB Forex does not. HYCM publishes daily market commentary; AB Forex does not. HYCM integrates third-party research tools (Trading Central, Autochartist); AB Forex does not. HYCM maintains an archive of past webinars for on-demand viewing. HYCM scores higher overall in education and research.
| Feature | AB Forex | HYCM |
|---|---|---|
| Forex Education | No | Yes |
| CFD Education | No | Yes |
| Weekly Webinars | No | Yes |
| Daily Commentary | No | Yes |
| Trading Central | No | Yes |
| Autochartist | No | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. HYCM uniquely supports bank transfer and credit/debit card and PayPal and Skrill and Neteller among the two brokers. HYCM scores higher on deposit and withdrawal flexibility.
| Feature | AB Forex | HYCM |
|---|---|---|
| Bank Transfer | No | Yes |
| Credit Card | No | Yes |
| PayPal | No | Yes |
| Skrill | No | Yes |
| Neteller | No | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. HYCM offers live chat; AB Forex does not, making HYCM easier to reach in real time. HYCM offers phone support; AB Forex does not. HYCM offers email support; no email support was found for AB Forex. AB Forex supports 2 languages and HYCM supports 5, giving HYCM broader global reach. HYCM scores higher overall on customer support in our assessment.
| Feature | AB Forex | HYCM |
|---|---|---|
| Live Chat | No | Yes |
| Phone Support | No | Yes |
| Email Support | No | Yes |
| Languages | English, and Chinese | English, Chinese, Chinese (Traditional), Arabic, and Russian |