HYCM vs Orbex 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 HYCM and Orbex
| Broker | HYCM | Orbex |
|---|---|---|
| Rating | 4.2/5 | 3.6/5 |
| Foundation Year | 1976 | 2009 |
| Regulated in Countries | United Kingdom, Cyprus, Cayman Islands, United Arab Emirates | Mauritius, Seychelles, Saint Vincent and the Grenadines |
| Minimum Deposit |
|
|
| Spread | from 0.1 points | from 0 points |
| Max Leverage | 1:500 | 1:500 |
| Trading Assets (CFDs) |
|
|
| Trading Platforms |
|
|
| Review | HYCM Review | Orbex Review |
Broker HYCM is suitable for most traders, but some features may not meet the expectations of specific traders.
Broker Orbex is suitable for novice traders due to educational materials and for experienced investors seeking a variety of markets.
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:
Orbex Review
Broker Orbex offers various trading instruments, account types, and extensive analytical and educational materials. These factors make it an attractive choice for novice traders seeking educational resources and experienced investors who require access to various markets.
Orbex can be a good choice for those looking for diversity in trading opportunities and value educational resources.
Pros and Cons of Orbex
Pros
- Extensive educational materials.
- Analytical reviews and forecasts from experienced analysts.
- Availability of PAMM accounts.
- A wide range of trading assets.
Cons
- Lack of stringent regulation.
- Above-average commissions.
- Mixed reviews about customer support.
Reliability
| Broker | HYCM | Orbex |
|---|---|---|
| Reliability | 5/5 | 3/5 |
| Foundation Year | 1976 | 2009 |
| Regulated in Countries | United Kingdom, Cyprus, Cayman Islands, United Arab Emirates | Mauritius, Seychelles, Saint Vincent and the Grenadines |
| Regulators | FCA FCA CySEC CySEC CIMA CIMA SVGFSA SVGFSA DFSA DFSA | FSC FSC SFSA SFSA SVGFSA SVGFSA |
HYCM
Broker HYCM provides high reliability and security, being under the control of various strict regulators around the world.
Orbex
Orbex is regulated by the FSA and FSC, but the absence of oversight by strict regulators may raise trust issues.
Pros
- Presence in the international market.
Cons
- Lack of oversight by strict Forex broker regulators.
Account Opening
| Broker | HYCM | Orbex |
|---|---|---|
| Account Opening | 4.5/5 | 4.5/5 |
| Minimum Deposit |
|
|
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.
Orbex
Opening an account with Orbex is simple and structured, but requires attention to detail.
Pros
- Easy online registration process.
- Fast verification if documents are in English.
Cons
- Requirement for detailed profile completion.
- Necessity to upload several documents.
Account Types
| Broker | HYCM | Orbex |
|---|---|---|
| Account Types | 3.5/5 | 3.8/5 |
| Trading Accounts |
|
|
| Minimum Deposit |
|
|
| Spread | from 0.1 points | from 0 points |
| Max Leverage | 1:500 | 1:500 |
| Trading Assets (CFDs) |
|
|
| Trading Platforms |
|
|
| Demo Account | ||
| Swap-free Account |
HYCM
HYCM offers a variety of trading accounts suitable for different levels of experience, but some account types are missing.
Orbex
Orbex offers a variety of accounts that satisfy most traders.
Pros
- Wide selection of accounts for different levels of experience.
- Additional options such as VPS and PAMM accounts.
- Opportunity to trade without swaps.
Cons
- Absence of cent accounts.
- No accounts with fixed spreads.
Commissions
| Broker | HYCM | Orbex |
|---|---|---|
| Commissions | 3/5 | 1.5/5 |
| Spread | from 0.1 points | from 0 points |
| Average Spread (EURUSD) | 1.5 | 1.5 |
| Commission per Lot | $4 | $4 |
HYCM
HYCM charges average trading fees and an account inactivity fee.
Orbex
Orbex's commissions are higher than the market average.
Pros
- No commissions for depositing or withdrawing funds.
Cons
- High transaction commission on Premium accounts.
- Above-average swap costs.
- Inactivity fee.
Deposit and Withdrawal
| Broker | HYCM | Orbex |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Account Funding Methods |
|
|
HYCM
HYCM offers a flexible and cost-effective approach to account funding and withdrawal of funds.
Orbex
Orbex offers convenient and fast methods for depositing and withdrawing without commissions.
Pros
- Wide selection of methods.
- No commissions.
- Fast processing of most operations.
Markets and Products
| Broker | HYCM | Orbex |
|---|---|---|
| Markets and Products | 5/5 | 5/5 |
| Forex | 72 | 36 |
| Precious Metals | 5 | 4 |
| Energy Carriers | 3 | 1 |
| Soft Commodities | 4 | 3 |
| Indices | 27 | 5 |
| Stocks | 1080 | 146 |
| Cryptocurrency | 28 | 11 |
HYCM
HYCM offers a wide range of trading instruments, satisfying the diverse needs of traders.
Orbex
Orbex offers a variety of markets and products with flexible leverage.
Trading Platforms
| Broker | HYCM | Orbex |
|---|---|---|
| Rating | 4/5 | 4/5 |
| Trading Platforms |
|
|
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.
Orbex
Orbex offers MT4 and MT5, providing good functionality and accessibility.
Pros
- Availability of MT4 and MT5.
- Accessibility on different devices.
- Wide range of functionalities.
Cons
- Lack of WebTrader versions.
- No alternative to MetaTrader.
Analytics
| Broker | HYCM | Orbex |
|---|---|---|
| Rating | 4/5 | 5/5 |
HYCM
HYCM offers good analytical tools, but the regularity and variety of materials could be improved.
Orbex
Orbex offers high-quality analytics with extensive tools and expert reports.
Pros
- Comprehensive market analysis.
- Use of AI and algorithms.
- Live streams and expert reports.
Education
| Broker | HYCM | Orbex |
|---|---|---|
| Rating | 4.5/5 | 4/5 |
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.
Orbex
Orbex offers a variety of educational materials, including webinars and books.
Pros
- Webinars and seminars in different languages.
- Free e-books.
- Video tutorials on working with MT4.
Cons
- No personalized training.
Customer Support
| Broker | HYCM | Orbex |
|---|---|---|
| Rating | 4/5 | 3/5 |
| Email Support |
|
|
| Hotline Phones |
|
|
| Social Media |
Facebook
Twitter
LinkedIn
Instagram
YouTube
TikTok
Pinterest
Telegram
Google NewsHYCM
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.
Orbex
Orbex's customer support has mixed reviews.
Pros
- 24/7 operation.
- A variety of communication channels.
- Quick response in some cases.
Cons
- Variable quality of service.
