Libertex vs HYCM Comparison
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Comparison Table of Libertex and HYCM
| Broker | Libertex | HYCM |
|---|---|---|
| Rating | 4.4/5 | 4.2/5 |
| Foundation Year | 1996 | 1976 |
| Regulated in Countries | Saint Vincent and the Grenadines, Belarus, Cyprus | United Kingdom, Cyprus, Cayman Islands, United Arab Emirates |
| Minimum Deposit |
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| Spread | from 0 points | from 0.1 points |
| Max Leverage | 1:1000 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | Libertex Review | HYCM Review |
Broker Libertex suits beginners and experienced traders who value educational resources and various instruments.
Broker HYCM is suitable for most traders, but some features may not meet the expectations of specific traders.
Libertex Review
Libertex is an established broker offering various trading instruments and educational resources. With zero commission on deposits and various analytical tools, this broker can appeal to novice and experienced traders.
Pros and Cons of Libertex
Pros
- Tight spreads and attractive trading conditions.
- Wide selection of trading assets.
- Rich selection of educational materials and analytics.
Cons
- High swaps and inactivity fee.
Libertex is in the top 10 of the following ratings:
HYCM Review
HYCM is one of the Forex and CFD market leaders whose reputation is backed by strict regulation by major financial authorities such as the FCA, CySEC and DFSA. This ensures high protection of the client's funds and compliance with regulatory standards. The broker offers a wide range of trading platforms, including MetaTrader 4 and MetaTrader 5, recognized as some of the most reliable and functional in the industry. The variety of trading instruments available allows you to create a diverse investment portfolio, while a rich selection of educational resources supports traders at all stages of their professional development.
HYCM will be most suitable for traders looking for reliability and diversity in the toolkit without worrying about high commissions and a lack of innovative platforms. This broker is ideal for experienced traders who can use the analytical and educational resources provided to improve their trading strategies.
Pros and Cons of HYCM
Pros
- Well-regulated broker.
- An extensive set of educational materials.
- Diversity of trading assets.
Cons
- Absence of proprietary trading platform.
- No social trading.
HYCM is in the top 10 of the following ratings:
Reliability
| Broker | Libertex | HYCM |
|---|---|---|
| Reliability | 5/5 | 5/5 |
| Foundation Year | 1996 | 1976 |
| Regulated in Countries | Saint Vincent and the Grenadines, Belarus, Cyprus | United Kingdom, Cyprus, Cayman Islands, United Arab Emirates |
| Regulators | SVGFSA SVGFSA НБ РБ НБ РБ CySEC CySEC | FCA FCA CySEC CySEC CIMA CIMA SVGFSA SVGFSA DFSA DFSA |
Libertex
Forex Club Libertex demonstrates a high level of reliability, backed by transparent regulation.
Pros
- Regulation in Europe and Belarus.
- Membership in the Financial Commission.
HYCM
Broker HYCM provides high reliability and security, being under the control of various strict regulators around the world.
Account Opening
| Broker | Libertex | HYCM |
|---|---|---|
| Account Opening | 5/5 | 4.5/5 |
| Minimum Deposit |
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Libertex
The account opening process at Forex Club is simple and fast.
HYCM
The account opening process at HYCM is simple and convenient, ensuring a smooth start for traders. However, verification and financial profile completion may take time.
Pros
- Quick registration, taking less than 5 minutes.
- Straightforward and understandable registration process.
Cons
- Necessity to fill out a detailed financial profile.
- Minimum deposit of $100 may be high for beginners.
Account Types
| Broker | Libertex | HYCM |
|---|---|---|
| Account Types | 4/5 | 3.5/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0 points | from 0.1 points |
| Max Leverage | 1:1000 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
Libertex
Libertex accounts will satisfy the needs of most traders, but not traders with specific requirements.
Pros
- Accounts with market and instant execution available.
- Demo accounts available.
Cons
- No accounts with fixed spreads.
- No Islamic accounts.
HYCM
HYCM offers a variety of trading accounts suitable for different levels of experience, but some account types are missing.
Commissions
| Broker | Libertex | HYCM |
|---|---|---|
| Commissions | 3.5/5 | 3/5 |
| Spread | from 0 points | from 0.1 points |
| Average Spread (EURUSD) | 0.4 | 1.5 |
| Commission per Lot | $3 | $4 |
Libertex
Forex Club Libertex's commissions are at an average level.
Pros
- Tight spreads.
- Average commission per trade.
Cons
- High swap rates.
- Inactivity fee.
HYCM
HYCM charges average trading fees and an account inactivity fee.
Deposit and Withdrawal
| Broker | Libertex | HYCM |
|---|---|---|
| Rating | 4.2/5 | 5/5 |
| Account Funding Methods |
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Libertex
The broker offers a variety of deposit methods without commission, but withdrawal can take up to 10 days.
Pros
- Multiple available methods for deposit and withdrawal.
- 0% commission on deposits.
- Instant account funding.
Cons
- Possible withdrawal fee from the payment system.
- Withdrawal of funds can take up to 10 business days.
HYCM
HYCM offers a flexible and cost-effective approach to account funding and withdrawal of funds.
Markets and Products
| Broker | Libertex | HYCM |
|---|---|---|
| Markets and Products | 4.4/5 | 5/5 |
| Forex | 51 | 72 |
| Precious Metals | 5 | 5 |
| Energy Carriers | 6 | 3 |
| Soft Commodities | 6 | 4 |
| Indices | 36 | 27 |
| Stocks | 139 | 1080 |
| ETF | 10 | - |
| Bonds | 3 | - |
| Cryptocurrency | 79 | 28 |
Libertex
Forex Club offers a variety of markets and products, although the selection of CFDs is average.
Pros
- Wide range of instruments.
- Cryptocurrencies and ETFs available.
- Access to NYSE and NASDAQ stocks.
Cons
- Some competitors have a much larger selection of CFDs.
HYCM
HYCM offers a wide range of trading instruments, satisfying the diverse needs of traders.
Trading Platforms
| Broker | Libertex | HYCM |
|---|---|---|
| Rating | 4.5/5 | 4/5 |
| Trading Platforms |
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Libertex
Forex Club Libertex offers a choice between popular MT4/MT5 and their own platform.
HYCM
HYCM offers reliable and functional trading platforms MT4 and MT5, available on various devices and supporting automated trading.
Pros
- Availability of popular and functional platforms MT4 and MT5.
- Extensive capabilities for technical analysis and automated trading.
- Support for many devices, including desktop computers and mobile devices.
Cons
- Lack of a proprietary unique platform.
Analytics
| Broker | Libertex | HYCM |
|---|---|---|
| Rating | 5/5 | 4/5 |
Libertex
Forex Club Libertex offers a variety of analytical tools.
Pros
- Daily news and forecasts.
- Model portfolios and investment ideas.
Cons
- A minimum deposit is required to access some services.
HYCM
HYCM offers good analytical tools, but the regularity and variety of materials could be improved.
Education
| Broker | Libertex | HYCM |
|---|---|---|
| Rating | 5/5 | 4.5/5 |
Libertex
Forex Club Libertex offers extensive educational resources, providing support for traders of all levels.
Pros
- A wide range of courses for beginners and experienced traders.
- Various learning formats (in-person, online, video).
- Practical orientation of materials.
Cons
- Possible restrictions on access to some materials.
HYCM
HYCM's educational materials cover a wide range of topics and are available in various formats, making them useful for traders of different levels.
Customer Support
| Broker | Libertex | HYCM |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Facebook
Instagram
VK
Twitter
Telegram
YouTube
LinkedInLibertex
Libertex technical support provides basic communication channels.
Pros
- Phone access.
- Feedback form on the website.
- There are positive reviews about the support service.
Cons
- Limited working hours.
HYCM
HYCM provides efficient and professional technical support, with some nuances.
Pros
- A sufficiently broad range of communication channels.
- Quick and professional response.
- Positive client reviews.
Cons
- Lack of 24/7 support.
- Can only call an international phone number.
- Absence of messenger services among communication channels.
