HYCM vs XTrade 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 XTrade
| Broker | HYCM | XTrade |
|---|---|---|
| Rating | 4.2/5 | 3.3/5 |
| Foundation Year | 1976 | 2003 |
| Regulated in Countries | United Kingdom, Cyprus, Cayman Islands, United Arab Emirates | Belize |
| Minimum Deposit |
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| Spread | from 0.1 points | from 1 points |
| Max Leverage | 1:500 | 1:400 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | HYCM Review | XTrade Review |
Broker HYCM is suitable for most traders, but some features may not meet the expectations of specific traders.
Xtrade is suitable for traders who value a simple interface, bonus programs, and access to education and analytics.
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:
XTrade Review
Xtrade offers a wide range of deposit and withdrawal methods, an extensive range of markets and trading products, and a variety of analytical tools. The broker is equipped with an extensive training center, which makes it attractive for novice traders who want to expand their knowledge and improve their trading skills. Responsive and feature-rich customer support enhances the usability of the broker's services.
Xtrade is suitable for novice traders, thanks to its accessible educational resources and wide range of trading products. However, potential clients should pay special attention to regulatory issues and trading costs before deciding to start working with this broker.
Pros and Cons of XTrade
Pros
- Wide range of deposit and withdrawal methods.
- Extensive selection of markets and products for trading.
- Diversity of analytical tools.
- Comprehensive educational center with various materials.
- Responsive and multifunctional technical support.
Cons
- Weak regulation may raise concerns about the security of client funds.
- Limited variety of accounts and services offered.
- Wide spreads, which can increase trading costs.
- Long processing time for withdrawal requests.
- Lack of alternatives to the offered trading platform, limiting traders' choices.
Reliability
| Broker | HYCM | XTrade |
|---|---|---|
| Reliability | 5/5 | 3.2/5 |
| Foundation Year | 1976 | 2003 |
| Regulated in Countries | United Kingdom, Cyprus, Cayman Islands, United Arab Emirates | Belize |
| Regulators | FCA FCA CySEC CySEC CIMA CIMA SVGFSA SVGFSA DFSA DFSA | - BFSC BFSC |
HYCM
Broker HYCM provides high reliability and security, being under the control of various strict regulators around the world.
XTrade
The reliability of Xtrade International Ltd is questionable due to the lack of licenses from strict regulators, despite having a license from the Belize FSC.
Pros
- Segregated client accounts.
- Investor compensation fund.
Cons
- Lack of licenses from strict regulators.
Account Opening
| Broker | HYCM | XTrade |
|---|---|---|
| Account Opening | 4.5/5 | 4/5 |
| Minimum Deposit |
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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.
XTrade
Account opening at Xtrade is fairly standard and transparent.
Pros
- Free and fast account opening.
- Clear verification instructions.
Cons
- High minimum deposit.
- Verification can be lengthy.
Account Types
| Broker | HYCM | XTrade |
|---|---|---|
| Account Types | 3.5/5 | 2.3/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0.1 points | from 1 points |
| Max Leverage | 1:500 | 1:400 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| 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.
XTrade
Xtrade offers a variety of accounts, but does not satisfy the needs of all categories of traders.
Pros
- Four types of accounts for different traders.
- Reduced spreads for Premium and VIP accounts.
Cons
- Absence of cent and Islamic accounts.
- No accounts with fixed spreads.
- Lack of copy trading service.
Commissions
| Broker | HYCM | XTrade |
|---|---|---|
| Commissions | 3/5 | 2/5 |
| Spread | from 0.1 points | from 1 points |
| Average Spread (EURUSD) | 1.5 | 3 |
| Commission per Lot | $4 |
HYCM
HYCM charges average trading fees and an account inactivity fee.
XTrade
Commissions at Xtrade are relatively high, which can increase a trader's costs.
Pros
- No withdrawal fee.
Cons
- High spreads.
- Inactivity fee of 50 USD.
Deposit and Withdrawal
| Broker | HYCM | XTrade |
|---|---|---|
| Rating | 5/5 | 3.5/5 |
| Account Funding Methods |
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HYCM
HYCM offers a flexible and cost-effective approach to account funding and withdrawal of funds.
XTrade
Xtrade offers a variety of deposit and withdrawal methods, but with lengthy processing times.
Pros
- Wide selection of payment systems.
- No fees on many methods.
Cons
- Long withdrawal processing time.
- Absence of cryptocurrencies.
Markets and Products
| Broker | HYCM | XTrade |
|---|---|---|
| Markets and Products | 5/5 | 5/5 |
| Forex | 72 | 57 |
| Precious Metals | 5 | 9 |
| Energy Carriers | 3 | 5 |
| Soft Commodities | 4 | 7 |
| Indices | 27 | 25 |
| Stocks | 1080 | 300 |
| Cryptocurrency | 28 | 52 |
| ETF | - | 13 |
| Bonds | - | 5 |
HYCM
HYCM offers a wide range of trading instruments, satisfying the diverse needs of traders.
XTrade
Xtrade offers an extensive selection of markets and products, meeting the needs of various traders.
Pros
- Wide range of currency pairs.
- Numerous CFDs on stocks from different countries.
- Availability of cryptocurrencies.
Trading Platforms
| Broker | HYCM | XTrade |
|---|---|---|
| Rating | 4/5 | 3.5/5 |
| Trading Platforms |
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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.
XTrade
Xtrade offers a functional and user-friendly platform.
Pros
- Web platform with no download required.
- Full-featured mobile application.
Cons
- Lack of popular platforms such as MT4 or MT5.
- Limited choice of platforms.
- No desktop version of the platform.
Analytics
| Broker | HYCM | XTrade |
|---|---|---|
| Rating | 4/5 | 4/5 |
HYCM
HYCM offers good analytical tools, but the regularity and variety of materials could be improved.
XTrade
Xtrade's analytics are well-developed, providing traders with a variety of market analysis tools.
Pros
- Daily video analysis.
- Economic calendar and up-to-date news.
- Specialized calculators for technical analysis.
Cons
- Lack of regular reviews from experts.
- No trading signals.
Education
| Broker | HYCM | XTrade |
|---|---|---|
| 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.
XTrade
Xtrade provides extensive educational materials covering various levels of complexity.
Pros
- Wide range of topics.
- Materials for beginners and professionals.
- Availability of video tutorials and e-books.
Cons
- Lack of webinars.
- Some topics may require deeper study.
Customer Support
| Broker | HYCM | XTrade |
|---|---|---|
| Rating | 4/5 | 4/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Facebook
Twitter
LinkedIn
Instagram
YouTubeHYCM
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.
XTrade
Xtrade's customer support is responsive and diverse, but there are minor communication issues.
Pros
- Variety of communication channels.
- 24/5 availability during weekdays.
- Quick and professional response.
Cons
- Some reviews indicate problems with resolving disputes.
