HYCM (Henyep) vs Trade Nation 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 Trade Nation.
Does HYCM (Henyep) or Trade Nation 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, Trade Nation
offers better pricing overall for traders.
Is HYCM (Henyep) or Trade Nation 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 Trade Nation hold 2 global Tier-1 licenses. HYCM (Henyep) holds 2 global Tier-2 licenses, while Trade Nation holds 1. In our analysis of 23 international regulators across 50 brokers, HYCM (Henyep) earned a higher Trust Score than Trade Nation.
Which trading platform is better: HYCM (Henyep) or Trade Nation?
To compare the trading platforms of both HYCM (Henyep) and Trade Nation, 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 Trade Nation 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 70 currency pairs (e.g., EUR/USD) compared to Trade Nation's 28 available pairs. Forex pairs aside, Trade Nation offers traders access to 601 CFDs while HYCM (Henyep) has 362 available CFDs, a difference of 239.
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 Trade Nation?
Trade Nation is not publicly traded and does not operate a bank. Trade Nation is authorized by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and one tier-3 regulator (low trust). Trade Nation is authorised by the following tier-1 regulator: Australian Securities & Investment Commission (ASIC) and 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 Trade Nation good?
Trade Nation’s well-designed, easy-to-use trading app is an innovative trading platform that’s great for beginner forex and CFD traders. However, if you’re a seasoned trader, you may find that Trade Nation lacks advanced features compared to the best trading platforms.
Overall winner: HYCM (Henyep)
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We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.