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Tickmill vs HYCM 2021

Is HYCM better than Tickmill? After testing 27 of the best forex brokers over five months, Tickmill is better than HYCM . Tickmill is a plain vanilla MT4 broker offering a minimal selection of tradeable securities. That said, Tickmill offers very competitive commission-based pricing for professionals through its VIP and PRO accounts


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature Tickmill HYCM
Overall 4 3.5
Commissions & Fees 5 3.5
Offering of Investments 3 3
Platforms & Tools 3 3.5
Mobile Trading 3 3.5
Research 4 3.5
Education 4 3.5
Trust Score 81 84
Tickmill Review HYCM Review
Winner check_circle
76% of retail CFD accounts lose money 71% of retail CFD accounts lose money

Regulation

Feature Tickmill HYCM
Trust Score 81 84
Year Founded
2014 1977
Publicly Traded (Listed)
No No
Bank
No No
Tier-1 Licenses
1 2
Tier-2 Licenses
2 2
Tier-3 Licenses
0 1
Authorised in the European Union
Yes Yes

Tier-1 Licenses (High Trust)

Feature Tickmill HYCM
ASIC Authorised (Australia)
No No
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
No Yes
FSA Authorised (Japan)
No No
MAS Authorised (Singapore)
No No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
No No

Investments

Feature Tickmill HYCM
Forex Trading
Yes Yes
CFDs (Total)
13 278
Forex Pairs (Total)
62 69
Cryptocurrency (Physical)
No No
Cryptocurrency (CFD)
No Yes
Social Trading / Copy-Trading
Yes Yes

Cost

Feature Tickmill HYCM
Average Spread EUR/USD - Standard
0.53 (August 2020) 2
All-in Cost EUR/USD - Active
0.32 (August 2020) 1.1
Active Trader or VIP Discounts
Yes Yes

Funding

Feature Tickmill HYCM
Minimum Initial Deposit
$100.00 $100
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
No No
Skrill (Deposit/Withdraw)
Yes Yes

Trading Platforms

Feature Tickmill HYCM
Proprietary Platform
No No
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes Yes
MetaTrader 4 (MT4)
Yes Yes
MetaTrader 5 (MT5)
No Yes
cTrader
No No
DupliTrade
No No
ZuluTrade
Yes No

Trading Tools

Feature Tickmill HYCM
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes No
Watchlists - Total Fields
(Default MT4) (default MT4)
Charting - Indicators / Studies (Total)
(Default MT4) (default MT4)
Charting - Drawing Tools (Total)
(Default MT4) (default MT4)
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes No
Order Type - Trailing Stop
Yes Yes

Mobile Trading

Feature Tickmill HYCM
Android App
Yes Yes
Apple iOS App
Yes Yes
Alerts - Basic Fields
Yes No
Watch List
Yes No
Watch List Syncing
No No
Charting - Indicators / Studies
(Default MT4) (default MT4)
Charting - Draw Trendlines
No No
Charting - Trendlines Moveable
No No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No No
Forex Calendar
No No

Research

Feature Tickmill HYCM
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
Yes Yes
AutoChartist
Yes No
Trading Central (Recognia)
No Yes
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes No
Economic Calendar
Yes Yes

Education

Feature Tickmill HYCM
Has Education - Forex
Yes No
Has Education - CFDs
Yes No
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 Pairs

Feature Tickmill HYCM
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

Overall

Feature Tickmill HYCM
Overall 4 3.5
Commissions & Fees 5 3.5
Offering of Investments 3 3
Platforms & Tools 3 3.5
Mobile Trading 3 3.5
Research 4 3.5
Education 4 3.5
Trust Score 81 84
Tickmill Review HYCM Review

Comparing forex brokers side by side is no easy task. For our 2021 annual forex broker review, we spent hundreds of hours assessing 27 forex and CFD brokerages to find the best forex broker. Let's compare HYCM vs Tickmill.

Does HYCM or Tickmill 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, Tickmill offers better pricing overall for traders.

Is HYCM or Tickmill safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. HYCM holds 2 global Tier-1 licenses, while Tickmill holds 1. Both HYCM and Tickmill hold 2 global Tier-2 licenses. All regulators considered, HYCM has a Trust Score of 84.00, while Tickmill's Trust Score is 81.00.

Which trading platform is better: HYCM or Tickmill?
To compare the trading platforms of both HYCM and Tickmill, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, HYCM offers a better experience. With research, Tickmill offers superior market research. Finally, we found HYCM 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. HYCM and Tickmill both offer copy trading. Both HYCM and Tickmill offer MetaTrader 4 (MT4).

How many forex pairs and CFDs are available to trade?
HYCM provides traders 69 currency pairs (e.g., EUR/USD) compared to Tickmill's 62 available pairs. Forex pairs aside, HYCM offers traders access to 278 CFDs while Tickmill has 13 available CFDs, a difference of 265.

Overall winner: Tickmill

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Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published website as of 12/14/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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