Is HYCM better than XTB? In our analysis of 23 international regulators across 50 brokers, HYCM is considered average-risk, with an overall Trust Score of 84 out of 99. XTB is considered low-risk, with an overall Trust Score of 92 out of 99. Learn more about Trust Score.
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XTB vs HYCM 2021
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.
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Overall Rating
| Feature | XTB | HYCM |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Trust Score | 95 | 84 |
| XTB Review | HYCM Review | |
| 73% of retail CFD accounts lose money | 72% of retail CFD accounts lose money |
Regulation
| Feature | XTB | HYCM |
| Trust Score | 95 | 84 |
|
Year Founded |
2002 | 1977 |
|
Publicly Traded (Listed) |
Yes | No |
|
Bank |
No | No |
|
Tier-1 Licenses |
1 | 2 |
|
Tier-2 Licenses |
3 | 2 |
|
Tier-3 Licenses |
1 | 1 |
|
Authorised in the European Union |
Yes | Yes |
Tier-1 Licenses (High Trust)
| Feature | XTB | 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 |
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FINMA Authorised (Switzerland) |
No | No |
|
FCA Authorised (UK) |
Yes | Yes |
|
CFTC Registered (USA) |
No | No |
Tier-2 Licenses (Average Trust)
| Feature | XTB | HYCM |
|
CBRC Authorised (China) |
No | No |
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CySEC Authorised (Cyprus) |
Yes | Yes |
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CBI Authorised (Ireland) |
No | No |
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ISA Authorised (Israel) |
No | No |
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FMA Authorised (New Zealand) |
No | No |
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CBR Authorised (Russia) |
No | No |
|
FSCA Authorised (South Africa) |
Yes | No |
|
SEC Authorised (Thailand) |
No | No |
Tier-3 Licenses (Low Trust)
| Feature | XTB | HYCM |
| SCB Authorised (Bahamas) | No | No |
| IFSC Authorised (Belize) | Yes | No |
| BMA Authorised (Bermuda) | No | No |
|
FSC Authorised (British Virgin Islands) |
No | No |
|
FSC Authorised (Mauritius) |
No | No |
Investments
| Feature | XTB | HYCM |
|
Forex Trading |
Yes | Yes |
|
CFD Trading |
Yes | Yes |
|
Tradeable Symbols (Total) |
10000 | 245 |
|
Forex Pairs (Total) |
49 | 71 |
|
US Stock Trading (Non CFD) |
Yes | No |
|
Int'l Stock Trading (Non CFD) |
Yes | Yes |
|
Cryptocurrency (Physical) |
No | No |
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Cryptocurrency (CFD) |
Yes | Yes |
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Social Trading / Copy-Trading |
Yes | No |
Cost
| Feature | XTB | HYCM |
|
Average Spread EUR/USD - Standard |
0.86 (Q2 2020) | 2 |
|
All-in Cost EUR/USD - Active |
0.78 (as of Q3 19) | 1.1 |
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Active Trader or VIP Discounts |
Yes | Yes |
|
Execution: Agency Broker |
Yes | Yes |
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Execution: Market Maker |
Yes | Yes |
Funding
| Feature | XTB | HYCM |
|
Minimum Deposit |
$0.00 | $100 |
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Bank Wire (Deposit/Withdraw) |
Yes | Yes |
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Visa/Mastercard (Credit/Debit) |
Yes | Yes |
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PayPal (Deposit/Withdraw) |
Yes | No |
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Skrill (Deposit/Withdraw) |
Yes | Yes |
Trading Platforms
| Feature | XTB | HYCM |
|
Proprietary Platform |
Yes | No |
|
Desktop Platform (Windows) |
Yes | Yes |
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Web Platform |
Yes | Yes |
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Social Trading / Copy-Trading |
Yes | No |
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MetaTrader 4 (MT4) |
Yes | Yes |
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MetaTrader 5 (MT5) |
No | Yes |
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cTrader |
No | No |
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DupliTrade |
No | No |
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ZuluTrade |
No | No |
Trading Tools
| Feature | XTB | HYCM |
|
Virtual Trading (Demo) |
Yes | Yes |
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Alerts - Basic Fields |
Yes | Yes |
|
Watchlists - Total Fields |
8 | MetaTrader (Default) |
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Charting - Indicators / Studies (Total) |
39 | MetaTrader (Default) |
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Charting - Drawing Tools (Total) |
30 | MetaTrader (Default) |
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Charting - Trade From Chart |
Yes | Yes |
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Charting - Drawings Autosave |
Yes | No |
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Order Type - Trailing Stop |
Yes | Yes |
Mobile Trading
| Feature | XTB | HYCM |
|
Android App |
Yes | Yes |
|
Apple iOS App |
Yes | Yes |
|
Alerts - Basic Fields |
Yes | Yes |
|
Watch List |
Yes | Yes |
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Watch List Syncing |
No | No |
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Charting - Indicators / Studies |
13 | (Default MT4) |
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Charting - Draw Trendlines |
Yes | Yes |
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Charting - Trendlines Moveable |
Yes | No |
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Charting - Multiple Time Frames |
Yes | Yes |
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Charting - Drawings Autosave |
Yes | Yes |
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Forex Calendar |
Yes | Yes |
Research
| Feature | XTB | HYCM |
|
Daily Market Commentary |
Yes | Yes |
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Forex News (Top-Tier Sources) |
Yes | Yes |
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Weekly Webinars |
No | Yes |
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Autochartist |
No | No |
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Trading Central (Recognia) |
No | Yes |
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Delkos Research |
No | No |
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Social Sentiment - Currency Pairs |
Yes | No |
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Economic Calendar |
Yes | Yes |
Education
| Feature | XTB | HYCM |
|
Has Education - Forex or CFDs |
Yes | No |
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Client Webinars |
Yes | Yes |
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Client Webinars (Archived) |
Yes | Yes |
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Videos - Beginner Trading Videos |
Yes | Yes |
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Videos - Advanced Trading Videos |
Yes | No |
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Investor Dictionary (Glossary) |
No | Yes |
Major Forex Pairs
| Feature | XTB | HYCM |
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GBP/USD |
Yes | Yes |
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USD/JPY |
Yes | Yes |
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EUR/USD |
Yes | Yes |
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USD/CHF |
Yes | Yes |
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USD/CAD |
Yes | Yes |
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NZD/USD |
Yes | Yes |
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AUD/USD |
Yes | Yes |
Overall
| Feature | XTB | HYCM |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Trust Score | 95 | 84 |
| XTB 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 XTB.
Does HYCM or XTB 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, XTB offers better pricing overall for traders.
Is HYCM or XTB 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 XTB holds 1. XTB holds 3 global Tier-2 licenses, while HYCM holds 2. In our analysis of 23 international regulators across 50 brokers, XTB earned a higher Trust Score than HYCM.
Which trading platform is better: HYCM or XTB?
To compare the trading platforms of both HYCM and XTB, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, XTB offers a better experience. With research, XTB offers superior market research. Finally, we found XTB 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. While XTB offers copy trading, HYCM does not. Both HYCM and XTB offer MetaTrader 4 (MT4).
How many forex pairs and CFDs are available to trade?
HYCM provides traders 71 currency pairs (e.g., EUR/USD) compared to XTB's 49 available pairs. Forex pairs aside, XTB offers traders access to 10000 CFDs while HYCM has 245 available CFDs, a difference of 9,755.
Can I trust HYCM?
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 XTB?
XTB is a publicly traded company that is authorised by one tier-1 regulator (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust). XTB is authorised by the following tier-1 regulator: Financial Conduct Authority (FCA).
Is HYCM good?
While its storied history is impressive, when it comes to trading forex and CFDs across its global brands, HYCM fails to impress. Effective spreads are high across all account options, and research and education are sub-par when compared to industry leaders.
Is XTB good?
As a trusted multi-asset broker, XTB offers traders outstanding customer service and an excellent trading experience overall thanks to the xStation 5 trading platform.
Overall winner: XTB
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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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