HYCM vs Saxo Bank

HYCM vs Saxo Bank Comparison Table 2022
HYCM Saxo Bank
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
United States Flag Traders from US not accepted
United States Flag Traders from US not accepted
Awards
Best Forex Broker 2019 - Global Brands Magazine
Best Forex Broker Middle East 2018 - World Finance Forex Awards
Best Mobile Trading Platform 2017 - World Finance Forex Awards
Best Broker Northern Europe 2015 - FX Report Awards
Best Global Broker 2012 - Mena Forex Awards
Best FX Mini Account Provider 2012 - World Finance Foreign Exchange Awards
Bonus
10% deposit bonus up to $5,000 None
Instruments
Forex, CFDs, Commodities, Shares, Indices Forex, CFDs, indices, shares, commodities, cryptocurrencies, futures, options, bonds, ETFs
Demo Account
Yes Yes
Minimum Deposit
$100 $10000
Payment Methods
MoneyGram, Neteller, Skrill, Visa, Webmoney, Wire Transfer Credit Card, JCB Card, Mastercard, Visa, Wire Transfer
Minimum Trade
0.01 lots Vary by asset
Regulator
FCA, DFSA, CIMA, CySEC DFSA, MAS, FCA, SFC
Margin Trading
No No
MetaTrader 4
Yes No
MetaTrader 5
Yes No
cTrader
No No
STP Account
No No
ECN Account
No 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
Robo Advisor
- No
Negative Balance Protection
- No
Market Maker
- No
P2P Trading
No No
Spot Trading
No Yes
Mobile Apps
Yes SaxoTraderGo (iOS, Android, Windows)
Auto Trading
Yes -
Trade Signals
- Yes
VPS Hosting
- No
Tournaments
- No
Demo Competitions
- No
Ethical Investing
- No
Social Trading
No No
Copy Trading
Yes No
Islamic Account
Yes Yes
Account Currencies
- USD, EUR, GBP, CAD, AUD, JPY, SEK, DKK, CHF
CFD
Trade on a range of leveraged CFD products at HYCM.
Leverage
1:30 EU, 1:500 1:30
FTSE Spread
Not offered 1.2 pts (Variable)
GBPUSD Spread
From 0.8 0.7 (var)
Oil Spread
From 3.0 0.03
Stocks Spread
Variable 0.10% (subject to min commission)
Forex
Trade on the FX market with flexible leverage and dynamic market spreads.
GBPUSD Spread
From 0.8 0.7 (varies by region)
EURUSD Spread
From 0.2 0.2 (varies by region)
EURGBP Spread
From 1.2 0.6 (varies by region)
Assets
69 40+
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