fx global markets
HYCM
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Overview
fx global markets was founded in 2017 and is headquartered in United States, while HYCM was established in 1977 and is based in UK. fx global markets holds licences including Cyprus Securities and Exchange Commission (CySEC), while HYCM is regulated by Financial Conduct Authority (FCA) among others. fx global markets serves 10,000+ clients worldwide; HYCM has 10,000+. The minimum deposit is $250 at fx global markets and $100 at HYCM.
| Feature | fx global markets | HYCM |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Regulation | Cyprus Securities and Exchange Commission (CySEC), with CIF license No. 242/14 | 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 | 2017 | 1977 |
| Country | United States | UK |
| Clients | 10,000+ | 10,000+ |
Fees
Fees are a critical factor when choosing between fx global markets and HYCM, directly affecting your bottom line as a trader. HYCM has a lower barrier to entry with a minimum deposit of $100 (vs $250 at fx global markets). Both brokers charge withdrawal fees. HYCM applies inactivity fees on dormant accounts; fx global markets does not. fx global markets charges deposit fees; HYCM does not. Overall, HYCM scores higher on fees in our assessment.
| Feature | fx global markets | HYCM |
|---|---|---|
| Min. Deposit | $250 | $100 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | No | Yes |
| Deposit Fees | Yes | No |
| CFD Fees | No | No |
Platforms
fx global markets offers MT4, MT5, cTrader, while HYCM supports MT4, MT5, cTrader. Both brokers provide mobile trading apps for iOS and Android. Both brokers support copy or social trading, catering to less hands-on investors. The two brokers are closely matched on platform offering.
| Feature | fx global markets | HYCM |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps | MT4, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how fx global markets and HYCM compare. Both brokers run regular live webinars. Both provide video tutorials, including advanced content. Daily market commentary is available from both brokers. Both integrate third-party research tools including Trading Central. Archived webinars are available at both brokers for self-paced learning. The two brokers are evenly matched on educational content.
| Feature | fx global markets | HYCM |
|---|---|---|
| Forex Education | Yes | Yes |
| CFD Education | Yes | Yes |
| Weekly Webinars | Yes | Yes |
| Daily Commentary | Yes | Yes |
| Trading Central | Yes | Yes |
| Autochartist | Yes | Yes |
Deposits & Withdrawals
Convenient deposit and withdrawal options reduce friction for traders, especially important when managing positions across time zones. fx global markets accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while HYCM supports 5 (bank transfer, credit/debit card, PayPal, Skrill, Neteller). Both brokers support the same set of payment methods.
| Feature | fx global markets | HYCM |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | Yes |
| PayPal | Yes | Yes |
| Skrill | Yes | Yes |
| Neteller | Yes | Yes |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both fx global markets and HYCM offer live chat support. Both provide phone support. Email support is available at both brokers. fx global markets supports 8 languages and HYCM supports 5, giving fx global markets broader global reach. Both brokers are comparable on support quality.
| Feature | fx global markets | HYCM |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic | English, Chinese, Chinese (Traditional), Arabic, and Russian |