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HYCM (Henyep) vs AxiTrader 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is HYCM (Henyep) better than AxiTrader? In our analysis of 23 international regulators across 62 of the best forex brokers, HYCM is considered average-risk, with an overall Trust Score of 86 out of 99. AxiTrader is considered average-risk, with an overall Trust Score of 83 out of 99. Learn more about Trust Score.

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Overall RatingHYCM (Henyep)AxiTrader
Overall Rating 4/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Offering of Investments 3.5/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Research 4/5 Stars 3/5 Stars
Education 3.5/5 Stars 4/5 Stars
Trust Score 86 83
Winner check_circle
Review HYCM (Henyep) Review
RegulationHYCM (Henyep)AxiTrader
Trust Score 86 83
Year Founded 1977 2007
Publicly Traded (Listed) No No
Bank No No
Authorised in European Union Yes info No info
Tier-1 Licenses 2 2
Tier-2 Licenses 2 1
Tier-3 Licenses 1 0
Tier-1 Licenses (High Trust)HYCM (Henyep)AxiTrader
ASIC Authorised (Australia) No Yes
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) Yes No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) Yes Yes
CFTC Registered (USA) No No
FMA Authorised (New Zealand) No No
Tier-2 Licenses (Average Trust)HYCM (Henyep)AxiTrader
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) Yes No
SEBI Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) No No
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) Yes Yes
Tier-3 Licenses (Low Trust)HYCM (Henyep)AxiTrader
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No No
CIMA Authorised (Cayman Islands) Yes No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) No No
VFSC Authorised (Vanuatu) No No
InvestmentsHYCM (Henyep)AxiTrader
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 245 175
Forex Pairs (Total) 71 65
U.S. Stock Trading (Non CFD) No No
Int'l Stock Trading (Non CFD) Yes No
Social Trading / Copy Trading No Yes
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
CostHYCM (Henyep)AxiTrader
Average Spread EUR/USD - Standard 0.6 (Sept 2021) N/A
All-in Cost EUR/USD - Active 0.6 (Sept 2021) N/A
Active Trader or VIP Discounts Yes Yes
Execution: Agency Broker Yes Yes
Execution: Market Maker Yes Yes
FundingHYCM (Henyep)AxiTrader
Minimum Initial Deposit $100 0
PayPal (Deposit/Withdraw) No No
Skrill (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsHYCM (Henyep)AxiTrader
Proprietary Platform No No
Desktop Platform (Windows) Yes Yes
Web Platform Yes Yes
Social Trading / Copy Trading No Yes
MetaTrader 4 (MT4) Yes Yes
MetaTrader 5 (MT5) Yes No
cTrader No No
DupliTrade No No
ZuluTrade No Yes
Trading ToolsHYCM (Henyep)AxiTrader
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 7 7
Charting - Indicators / Studies (Total) 30 30
Charting - Drawing Tools (Total) 15 15
Charting - Trade From Chart Yes Yes
Charts can be saved Yes Yes
Mobile TradingHYCM (Henyep)AxiTrader
Android App Yes Yes
Apple iOS App Yes Yes
Mobile Alerts - Basic Fields Yes Yes
Mobile Watchlist Yes Yes
Watchlist Syncing No No
Mobile Charting - Indicators / Studies 30 30
Mobile Charting - Draw Trendlines Yes Yes
Mobile Charting - Multiple Time Frames Yes Yes
Mobile Charting - Drawings Autosave Yes No
Forex Calendar Yes No
ResearchHYCM (Henyep)AxiTrader
Daily Market Commentary Yes No
Forex News (Top-Tier Sources) Yes Yes
Autochartist No Yes
Trading Central (Recognia) Yes No
Social Sentiment - Currency Pairs No Yes
Economic Calendar Yes Yes
EducationHYCM (Henyep)AxiTrader
Has Education - Forex or CFDs No Yes
Client Webinars Yes Yes
Client Webinars (Archived) Yes No
Videos - Beginner Trading Videos Yes Yes
Videos - Advanced Trading Videos No No
Investor Dictionary (Glossary) Yes Yes
Major Forex PairsHYCM (Henyep)AxiTrader
GBP/USD Yes Yes
USD/JPY Yes Yes
EUR/USD Yes Yes
USD/CHF Yes Yes
USD/CAD Yes Yes
NZD/USD Yes Yes
AUD/USD Yes Yes
Review HYCM (Henyep) Review
OverallHYCM (Henyep)AxiTrader
Overall Rating 4/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Offering of Investments 3.5/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 3.5/5 Stars
Research 4/5 Stars 3/5 Stars
Education 3.5/5 Stars 4/5 Stars
Trust Score 86 83
Winner check_circle
Review HYCM (Henyep) Review
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HYCM (Henyep) vs AxiTrader Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare HYCM (Henyep) vs AxiTrader.

Does HYCM (Henyep) or AxiTrader offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, HYCM (Henyep) offers better pricing overall for traders.

Is HYCM (Henyep) or AxiTrader safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Both HYCM (Henyep) and AxiTrader hold 2 global Tier-1 licenses. HYCM (Henyep) holds 2 global Tier-2 licenses, while AxiTrader holds 1. In our analysis of 23 international regulators across 50 brokers, HYCM (Henyep) earned a higher Trust Score than AxiTrader.

Which trading platform is better: HYCM (Henyep) or AxiTrader?

To compare the trading platforms of both HYCM (Henyep) and AxiTrader, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, HYCM (Henyep) offers a better experience. With research, HYCM (Henyep) offers superior market research. Finally, we found HYCM (Henyep) to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both HYCM (Henyep) and AxiTrader offer MetaTrader 4 (MT4).Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

HYCM (Henyep) provides traders 71 currency pairs (e.g., EUR/USD) compared to AxiTrader's 65 available pairs. Forex pairs aside, HYCM (Henyep) offers traders access to 245 CFDs while AxiTrader has 175 available CFDs, a difference of 70.

Can I trust HYCM (Henyep)?

HYCM is not publicly traded and does operate a bank. HYCM is authorised by two tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). HYCM is authorised by the following tier-1 regulators: Securities Futures Commission (SFC) and Financial Conduct Authority (FCA).

Can I trust AxiTrader?

AxiTrader is not publicly traded and does not operate a bank. AxiTrader is authorised by two tier-1 regulators (high trust), one tier-2 regulators (average trust), and zero tier-3 regulators (low trust). AxiTrader is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).

Is HYCM (Henyep) good?

HYCM is a trusted brand that offers a straightforward MetaTrader platform experience. Its Raw account delivers competitive pricing, and traders gain access to third-party modules from Trading Central as well as exchange-traded securities (available through a separate platform). That said, HYCM offers a narrow range of symbols to forex and CFD traders.

Is AxiTrader good?

Axi, previously known as AxiTrader, is an evolving brand regulated in Australia, the UK, and the UAE. With just the MetaTrader platform available, and a limited range of investment products, Axi lags behind the best multi-asset brokers.

Overall winner: HYCM (Henyep)

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