HYCM
Sharekhan
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Overview
HYCM was founded in 1977 and is headquartered in UK, while Sharekhan was established in 2000 and is based in India. HYCM holds licences including Financial Conduct Authority (FCA), while Sharekhan is regulated by Securities and Exchange Board of India (SEBI) among others. HYCM serves 10,000+ clients worldwide; Sharekhan has 1,500,000+. The minimum deposit is $100 at HYCM and $0 at Sharekhan.
| Feature | HYCM | Sharekhan |
|---|---|---|
| Min. Deposit | $100 | $0 |
| Regulation | 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 | Securities and Exchange Board of India (SEBI), Member of the Bombay Stock Exchange |
| Founded | 1977 | 2000 |
| Country | UK | India |
| Clients | 10,000+ | 1,500,000+ |
Fees
Fees are a critical factor when choosing between HYCM and Sharekhan, directly affecting your bottom line as a trader. Sharekhan has a lower barrier to entry with a minimum deposit of $0 (vs $100 at HYCM). Both brokers charge withdrawal fees. HYCM applies inactivity fees on dormant accounts; Sharekhan does not. Overall, Sharekhan scores higher on fees in our assessment.
| Feature | HYCM | Sharekhan |
|---|---|---|
| Min. Deposit | $100 | $0 |
| Withdrawal Fees | Yes | Yes |
| Inactivity Fees | Yes | No |
| Deposit Fees | No | No |
| CFD Fees | No | Yes |
Platforms
HYCM offers MT4, MT5, cTrader, while Sharekhan 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 | HYCM | Sharekhan |
|---|---|---|
| MT4 | Yes | Yes |
| MT5 | Yes | Yes |
| cTrader | Yes | Yes |
| Windows App | Yes | Yes |
| iOS App | Yes | Yes |
| Android App | Yes | Yes |
| Trading Platforms | MT4, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps |
Education & Research
Education and research tools help traders at every level make more informed decisions, and here's how HYCM and Sharekhan 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 | HYCM | Sharekhan |
|---|---|---|
| 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. HYCM accepts 5 of the tracked payment methods (bank transfer, credit/debit card, PayPal, Skrill, Neteller), while Sharekhan supports 1 (bank transfer). HYCM uniquely supports credit/debit card and PayPal and Skrill and Neteller among the two brokers. HYCM scores higher on deposit and withdrawal flexibility.
| Feature | HYCM | Sharekhan |
|---|---|---|
| Bank Transfer | Yes | Yes |
| Credit Card | Yes | No |
| PayPal | Yes | No |
| Skrill | Yes | No |
| Neteller | Yes | No |
Support
Responsive customer support matters most when you're locked out of your account or need urgent help with a trade. Both HYCM and Sharekhan offer live chat support. Both provide phone support. Email support is available at both brokers. HYCM supports 5 languages and Sharekhan supports 13, giving Sharekhan broader global reach. Both brokers are comparable on support quality.
| Feature | HYCM | Sharekhan |
|---|---|---|
| Live Chat | Yes | Yes |
| Phone Support | Yes | Yes |
| Email Support | Yes | Yes |
| Languages | English, Chinese, Chinese (Traditional), Arabic, and Russian | English, Deutsch, Nederlands, Espanol, Francais, Italiano, Polski, Srpski, Norsk, Svenska, Cesky, Romana, Turkce |