HYCM vs Saxo Bank

HYCM vs Saxo Bank Comparison Table 2023
HYCM Saxo Bank
WINNER
HYCM is the better broker
3.8
Not Yet Rated
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted

Trade on the financial markets with low cost, leveraged products at HYCM.

A regulated bank, Saxobank offer Equities and Forex trading on 40,000+ markets via the SaxoTrader Pro and SaxoTrader Go platforms

66% of retail accounts lose money.
Awards
  • Best Forex Broker 2021-2022 - Spain, Middle East, Asia, Germany
  • Best Trading Platform App 2021 - Forex Expo
  • Best Mobile Trading App 2020 - World of Finance Forex Award
Bonus
10% deposit bonus up to $5,000
Instruments
Forex, CFDs, Commodities, Shares, Indices, ETFs Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, warrants, bonds, ETFs
Demo Account
Yes Yes
Minimum Deposit
$100
Payment Methods
Minimum Trade
0.01 lots Vary by asset
Regulator
FCA, DFSA, CIMA, CySEC DFSA, MAS, FCA, SFC
Margin Trading
Yes No
Margin Rate
Variable upon regulation and jurisdiction
MetaTrader 4
Yes No
MetaTrader 5
Yes No
cTrader
No No
AlgoTrader
No No
OmniTrader
No No
TradingView
No Yes
Autochartist
No No
eSignal
No No
Trading Central
Yes No
STP Account
No No
ECN Account
Yes Yes
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
Yes No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes Yes
Mobile Apps
Yes SaxoTraderGo (iOS, Android, Windows)
Auto Trading
Yes (EAs)
Copy Trading
Yes No
Copy Trading Platform
Copy the positions of experienced and profitable traders at HYCM with straightforward risk management tools.
Social Trading
No No
Trade Signals
Yes
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No No
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Islamic Account
Yes Yes
Account Currencies
  • USD
  • EUR
  • GBP
  • RUB
  • AED
  • USD
  • EUR
  • GBP
  • CAD
  • AUD
  • JPY
  • SEK
  • DKK
  • CHF
Stock Exchanges
Commodities
CFD Trading
Trade on a range of leveraged CFD products at HYCM.
Leverage
1:30 EU, 1:500 Global 1:30
FTSE Spread
From 1.5 + $4 per round 1.2 pts (Variable)
GBPUSD Spread<
From 0.1 + $4 per round 0.7 (var)
Oil Spread
From 2 pips 0.03
Stocks Spread
Variable 0.10% (subject to min commission)
Forex Trading
Trade on the FX market with flexible leverage and dynamic market spreads.
GBPUSD Spread
From 0.4 + $4 per round 0.7 (varies by region)
EURUSD Spread
From 0.1 + $4 per round 0.2 (varies by region)
EURGBP Spread
From 0.4 + $4 per round 0.6 (varies by region)
Assets
40+ 40+
Cryptocurrency
Trade the BTC/USD with 1:5 leverage Trade cryptos against major fiat currencies or take a longer-term view with ETNs.
Spread
Variable Variable
Coins
  • BTC
  • BTC
  • ETH
  • LTC
  • XRP
  • XTZ
  • SOL
  • ADA
  • DOT
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
No No
Auto Market Maker
No No
66% of retail accounts lose money.
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