PaxForex Vs HYCM

How PaxForex and HYCM Compare in 2024

PaxForex or HYCM who is better?

Compare PAXFOREX Versus HYCM and IC Markets broker accounts.


Compare PaxForex Vs HYCM Side by Side

So you are looking for a broker, PaxForex or HYCM who should you choose?

When trading on financial markets you will want to know all about who PaxForex or HYCM are, and how they compare. You will naturally want to know how long PaxForex and HYCM have been in business and what reputation PaxForex and HYCM have. On top of this, you will need to discover if PaxForex and HYCM match your trading needs.

Having a reputable and dependable broker is crucial to your trading. The reason for this is quite a simple one You need to be sure in the knowledge that your money is in a segregated bank account with a financially regulated broker. Let us see how PaxForex and HYCM compare.

Well in our side by side comparison we make it easier for you to see what is right for you. As with anything the final decision on which broker to trade with should ultimately be based on what and how you going to trade.

Our comparison will help you judge the effectiveness, price, ease of use and support trustworthiness of PaxForex and HYCM side by side.

If you're itching to start trading, we can assist you in making a well-informed decision when comparing PaxForex and HYCM. By comprehensively comparing PaxForex and HYCM features and services, you can choose a trading platform that best suits your needs and preferences. We aim to equip you with the knowledge to make an educated decision and feel confident in your trading journey with PaxForex, HYCM or an alternative broker.

Our Comparebrokers.co team has painstakingly spent months assessing different brokers accounts. We collected over 1200 data points on PaxForex and HYCM. To simplify things, we analyzed everything for you and provide the main points in relevant blocks on this page.

Regulation alongside currency availability is important when deciding upon a broker. It is very important when selecting a broker like the PaxForex platform or HYCM that they are regulated. To finish off our comparison, let's look at the popular tools and features traders prefer side by side.


PaxForex

(2/5)
Benefits of PaxForex?
  • Established in 2010
  • PaxForex have been in business for 14 years.
  • Head quarters in Saint Vincent and the Grenadines.
  • Live Chat
  • PaxForex Min deposit $10
PaxForex screenshot paxforex sign up here
Your capital is at risk
Reputation Support
Good
Good

PaxForex Regulation

PaxForex is regulated by the Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825.

Excluded Countries

PaxForex Fees

Deposit fee No for deposits over $300
Commission No
Inactivity fee No
Withdrawal fee 10
Min trade varies
Max trade varies
Min deposit $10
View all spreads
& fees here
Your capital is at risk

Funding Methods

Credit card
Bank transfer
American Express
PayPal
Neteller
Skrill
Bitcoin

Payment processing time
Varies

Withdrawal processing time
Varies
See all PaxForex
funding options here
Your capital is at risk

PaxForex Features

Apple application available
Android application available
Windows application available
Can Set Price alerts
Variable spreads (Forex)
Scalping trading
Hedge trading
Stop loss orders
Limit orders
One click trading available
Trailing stops available
Expert advisors (Metatrader)
Virtual private server (VPS)
Direct market access (DMA)
ECN broker (Forex ECNs)
STP broker (STP)
Market maker
Trading Signals

PaxForex Platforms

Web,iPad,mac,Desktop,iPhoneiOS

PaxForex Languages

English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian

See PaxForex
features here
Your capital is at risk

Financial Markets

Forex (Currency)
Majors
Indices
Penny stocks
Dow Jones
FTSE
Dax
Nikkei
IPO
ETFs
Bitcoin CFD
Metals
Agriculturals
Energies
See PaxForex
instruments here
Your capital is at risk

PaxForex Account Types

Demo account
VIP account
Micro account
Standard account
Zero spread account
Islamic account

The information used on comparebrokers.co was updated directly from the PaxForex website. Our records were last updated on .

Visit PaxForex today
Your capital is at risk

HYCM

(3/5)
Benefits of HYCM?
  • Established in 1977
  • HYCM have been in business for 47 years.
  • Head quarters in UK.
  • Live Chat
  • Segregates clients funds
  • HYCM Min deposit $100
HYCM screenshot HY Markets sign up here
Losses can exceed deposits
Reputation Support
Good
Great

HYCM Regulation

HYCM is regulated by the Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048.

Excluded Countries

US

HYCM Fees

Deposit fee No
Commission No
Inactivity fee Yes
Withdrawal fee Varies
Min trade Varies
Max trade Varies
Min deposit $100
View all spreads
& fees here
Losses can exceed deposits

Funding Methods

Credit card
Bank transfer
American Express
PayPal
Neteller
Skrill
Bitcoin

Payment processing time
1-2 business days

Withdrawal processing time
1-7 business days
See all HYCM
funding options here
Losses can exceed deposits

HYCM Features

Apple application available
Android application available
Windows application available
Can Set Price alerts
Variable spreads (Forex)
Scalping trading
Hedge trading
Stop loss orders
Limit orders
One click trading available
Trailing stops available
Expert advisors (Metatrader)
Virtual private server (VPS)
Direct market access (DMA)
ECN broker (Forex ECNs)
STP broker (STP)
Market maker
Trading Signals

HYCM Platforms

MT4, Tablet & Mobile apps

HYCM Languages

English, Chinese, Chinese (Traditional), Arabic, and Russian

See HYCM
features here
Losses can exceed deposits

Financial Markets

Forex (Currency)
Majors
Indices
Penny stocks
Dow Jones
FTSE
Dax
Nikkei
IPO
ETFs
Bitcoin CFD
Metals
Agriculturals
Energies
See HYCM
instruments here
Losses can exceed deposits

HYCM Account Types

Demo account
VIP account
Micro account
Standard account
Zero spread account
Islamic account

The information used on comparebrokers.co was updated directly from the HYCM website. Our records were last updated on .

Visit HYCM today
Losses can exceed deposits

IC Markets

(4/5)
Benefits of IC Markets?
  • Established in 2007
  • IC Markets have been in business for 17 years.
  • Head quarters in Australia.
  • Live Chat
  • Segregates clients funds
  • IC Markets Min deposit $200
IC Markets screenshot IC Markets sign up here
Losses can exceed deposits
Reputation Support
Good
Good

IC Markets Regulation

IC Markets is regulated by the Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC).

Excluded Countries

US, IR, CA, NZ, JP

IC Markets Fees

Deposit fee Varies
Commission Yes
Inactivity fee No
Withdrawal fee No
Min trade 0.01 Lot
Max trade None
Min deposit $200
View all spreads
& fees here
Losses can exceed deposits

Funding Methods

Credit card
Bank transfer
American Express
PayPal
Neteller
Skrill
Bitcoin

Payment processing time
Varies

Withdrawal processing time
Varies
See all IC Markets
funding options here
Losses can exceed deposits

IC Markets Features

Apple application available
Android application available
Windows application available
Can Set Price alerts
Variable spreads (Forex)
Scalping trading
Hedge trading
Stop loss orders
Limit orders
One click trading available
Trailing stops available
Expert advisors (Metatrader)
Virtual private server (VPS)
Direct market access (DMA)
ECN broker (Forex ECNs)
STP broker (STP)
Market maker
Trading Signals

IC Markets Platforms

MT4, MT5, Mirror Trader, Web Trader, cTrader, Windows, Mac, iOS, Android

IC Markets Languages

English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more

See IC Markets
features here
Losses can exceed deposits

Financial Markets

Forex (Currency)
Majors
Indices
Penny stocks
Dow Jones
FTSE
Dax
Nikkei
IPO
ETFs
Bitcoin CFD
Metals
Agriculturals
Energies
See IC Markets
instruments here
Losses can exceed deposits

IC Markets Account Types

Demo account
VIP account
Micro account
Standard account
Zero spread account
Islamic account

The information used on comparebrokers.co was updated directly from the IC Markets website. Our records were last updated on .

Visit IC Markets today
Losses can exceed deposits

PaxForex Vs HYCM Table of Contents

PaxForex and HYCM in Detail

PaxForex Review Screenshot

The PaxForex online trading platform gives traders from all over the world access to over 188 financial instruments including over 100 available instruments. There are over 350+ registered customers that have taken advantage of the PaxForex platform.

PaxForex are regulated by Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825.

PaxForex Review Screenshot

HYCM is a renowned UK financial trading brokerage established in 1977.

HYCM serves customers globally and are regulated by Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048. Depending on the country you are trading from PaxForex may serve you from a different business entity to comply with its financial regulators.

HYCM is not listed on any stock market, does not disclose its yearly report on its website. This is not terribly unusual for a broker, but you will want to check all of this out before you continue. Financial regulation is the most important thing to consider. PaxForex is listed as a publically traded company so are a reputable broker.

Benefits of PaxForex and HYCM Compared

Below, we will give you a summary of the benefits PaxForex and HYCM offer side by side.

PaxForex offers a minimum deposit of 10 while HYCM have a 100 minimum deposit.

Why smaller trading deposits are good and how PaxForex and HYCM compare

One primary and self-evident factor to remember is that you must only deposit an amount that fits your financial capacity with either PaxForex or HYCM. If you have limited financial resources, the broker with the most affordable deposit option will be more appealing. PaxForex requires a minimum deposit of 10, whereas HYCM mandates a minimum deposit of 100. One additional factor to consider while venturing into more precarious yet potentially lucrative financial instruments is to limit your speculation to a modest proportion of your designated trading funds. It's advisable not to be deterred by a broker's higher minimum deposit, whether it's PaxForex or HYCM, and instead focus on the comprehensive trading features offered by their platform. Frequently, a higher minimum deposit provides access to a wider range of financial assets and research tools on the trading platform.

PaxForex allows traders to trade up to 188 financial instruments while HYCM have around 100 on their trading platform.

The more instruments available on PaxForex and HYCM trading platforms the more potential financial instruments you can buy or sell for your portfolio. It is good to have a diverse portfolio and the options available to a user will always vary. Trading is all about grasping potential opportunities and you seriously do not want to miss out on a trading opportunity due to the limitations of PaxForex or HYCM.

The PaxForex trading platform has 42 stocks listed while HYCM has 10 stocks listed.

PaxForex allows retail traders to trade the following assets Forex trading, CFD trading, on the PaxForex Web,iPad,mac,Desktop,iPhoneiOS trading platforms.

Alternatively HYCM allows retail traders to trade Forex, CFDs on the HYCM MT4, Tablet & Mobile apps trading platforms.

Compare PaxForex and HYCM in more detail below.

Drawbacks of PaxForex and HYCM Compared

Below we compare what drawbacks PaxForex and HYCM have side by side.

Various potential downsides can be associated with certain brokers, including PaxForex and HYCM. One primary drawback is the potential restrictions that may be imposed. Generally, the more diverse investment options available, the more favourable the situation. Another critical aspect to consider is the trading fees and commissions charged by PaxForex compared to HYCM. High trading fees and commissions can significantly impact potential profits. Additionally, essential factors to consider are the quality of trading research tools, educational resources, and the overall user-friendliness of PaxForex versus HYCM.

Broker paxforex HY Markets IC Markets
Inactivity Fees No Yes No
Withdrawl Fees 10 Varies No
Withdrawal Processing Time Varies 1-7 business days Varies
Min Deposit 10 100 200
Social Trading No No Yes
Excluded Countries US US, IR, CA, NZ, JP

PaxForex Vs HYCM Available Financial Markets

The saying 'Variety is the spice of life' holds for financial markets. It is always advisable to have a diversified investment portfolio whether trading with PaxForex or HYCM. A diversified portfolio with PaxForex or HYCM can safeguard your investments from significant downturns in any particular market. For instance, when one stock rises, others may follow suit.

Conversely, when the market takes a downturn, it can be disastrous for your investments. The most effective investment portfolios cover potential risks and encompass many businesses and stocks. When creating a diverse investment portfolio with brokers like PaxForex or HYCM, it is recommended to have access to a variety of tradable assets, commodities, and securities on different trading platforms such as PaxForex and HYCM.

Broker paxforex HY Markets IC Markets
Instruments Available 188 100 2250
Offers share dealing No No Yes
Number of Shares 42 10 2,100
Offers US Stocks Yes Yes Yes
Offers UK Stocks No No Yes
Offers German Stocks No No Yes
Offers Japanese Stocks No No Yes
Offers Indices Trading Yes Yes Yes
Number of Commodities 40 10 20
Offers Metals Commodities Yes Yes Yes
Offers Energy Commodities No Yes Yes
Offers Agricultural Commodities No Yes Yes
Offers Forex Trading Yes Yes Yes
Number of Forex Pairs 62 40 61
Offers Major Forex Pairs Yes Yes Yes
Offers Minor Forex Pairs Yes Yes Yes
Offers Exotic Forex Pairs Yes Yes Yes
Offers CFD Trading Yes Yes Yes
Offers Social Trading No No Yes

PaxForex Vs HYCM Cryptocurrency Trading

Since the creation of Bitcoin, the world of cryptocurrencies has been booming, including on trading platforms like Both PaxForex and HYCM, and it's not difficult to see why. Cryptocurrencies have the potential to turn modest investments into millions, although this is a rare occurrence. This feat is hard to achieve compared to other financial instruments like stocks and shares. Both PaxForex and HYCM offer some form of cryptocurrency trading.

Bitcoin is the most popular cryptocurrency, but thousands of altcoins could experience a similar rise. Altcoins follow the same trajectory as Bitcoin, similar to how stocks rise and fall with the market.

Investing in cryptocurrencies with PaxForex or HYCM is considered a high-risk venture. The prices of cryptocurrencies can experience extreme highs and lows. If you choose to invest in cryptocurrencies, allocating only a fraction of your portfolio or trading budget to it is essential. Crypto trading with PaxForex or HYCM could lead to one of the most exciting trades you've ever made, depending on the market. Please remember that cryptocurrency availability on PaxForex, HYCM, and all brokers are subject to regulation.

We compare PaxForex vs HYCM Crypto options below side by side.

Broker paxforex HY Markets IC Markets
Allows Cryptocurrency Trading (availability subject to regulation) Yes Yes Yes
Cryptocurrencies Offered BTC, ETH, LTC, XRP BTC, BSV, BTG, ETH, ETC, LTC, XRP, EOS, XLM, TRON, DASH, IOTA, XMR, ZEC, NEO BTC, BCH, ETH, LTC, DASH, XRP, EOS, EMC, NMC, PPC

PaxForex Vs HYCM Commission and Fees

knowing your trading and commission fees with PaxForex vs HYCM is extremely important. For the majority of the PaxForex 188 financial instruments and HYCM 100 available financial instruments .

The price you are being presented with will factor in the fee the broker takes. For example, if a financial asset is at 79.6. You might have to pay 79 to enter. Therefore, you will start with a small loss with PaxForex and HYCM. The bigger the fee, the bigger the issue is. Most alarmingly, some financial assets charge you to hold on to the asset overnight or over the weekend. Some commodities and stocks you are using leverage on may have overnight charges. Please check your fees with PaxForex and HYCM before you invest because you must know what you are paying.

You ideally want to choose a broker like PaxForex or HYCM that does not charge too much for withdrawal fees. High trading fees and commissions will eat into your profits. The fees will be noticeable if you have a low budget and do not intend to invest so much with PaxForex or HYCM. You want the withdrawal fee to be less than one per cent of what you are withdrawing but, more ideally, $5 to $10.

Your location or residence will have an impact on your potential PaxForex and HYCM fees, of course. Make sure you do your research and check the commission and fees with both PaxForex and HYCM before you invest anything.

Some brokers will charge inactivity fees. As the name suggests, this occurs when you have been inactive on your account for a certain period. Also, with PaxForex or HYCM be aware of or 3rd party payment provider fees and currency conversion fees.

PaxForex does not charge inactivity fees, while HYCM does charge inactivity fees.

Numerous notifications are usually sent to you as a reminder of dormant PaxForex and HYCM accounts, giving you sufficient time to decide on the appropriate course of action. You can opt to continue using your PaxForex or HYCM account, or choose to close it.

Usually, the associated fees for dormant PaxForex or HYCM accounts are quite minimal, and there is no need to panic, particularly when the issue can be easily resolved. It's always advisable to keep track of your live PaxForex or HYCM trading account activity to avoid any unnecessary fees or charges.

When you deposit money to a broker like PaxForex or HYCM you might need to pay deposit fees. The lower, the better. Most preferably, you would have to pay PaxForex or HYCM nothing for this. If this is the case, it can be a big problem. Constant deposits will eat into your profit, so this will take some consideration before you sign up.

Let's see how PaxForex vs HYCM compare side by side for commissions and fees.

Broker paxforex HY Markets IC Markets
Min Deposit 10 100 200
Inactivity Fees No Yes No
Withdrawal Fees 10 Varies No
Deposit Fees No for deposits over $300 No Varies

PaxForex Vs HYCM Trading Platforms

We live in an accessible world these days. Therefore, your trading platform has to consider this. The ability to trade with the click of a button is essential and allows you to make trading decisions on the PaxForex and HYCM platforms when convenient. Without this, you cannot take advantage of every situation that may or may not occur in the financial markets.

Some brokers offer bespoke trading platforms, so if a particular broker does not offer the trading software you are looking for, their proprietary trading platform may be better. You must test this yourself with an PaxForex or HYCM demo account.

Broker paxforex HY Markets IC Markets
Offers MT4 No Yes Yes
Offers MT5 No No Yes
Offers cTrader No No Yes

PaxForex Vs HYCM Mobile Trading

Trading on your mobile with PaxForex and HYCM can be very useful. Why is this? Well, the stock market sees market movement every second. If you are not near your desktop computer, you will probably be near and have access to your phone and PaxForex and HYCM mobile trading apps. This way, you can take advantage of all potential trading opportunities mobile trading with PaxForex or HYCM. For example, a stock might move to an all-time low when you are out. In this instance, having access to mobile trading with PaxForex or HYCM can help limit your risk and trade on the move.

If you own an iPhone, having an IOS Apple mobile trading app with PaxForex or HYCM is essential. Likewise, if you have an android phone, it's crucial to verify if PaxForex or HYCM broker provides an app compatible with Android devices. If you use Microsoft Windows tablets or phones, you must also check if PaxForex and HYCM have trading apps compatible with your device.

Broker paxforex HY Markets IC Markets
Web Platform Yes Yes Yes
IOS Trading App Yes Yes
Android Trading App Yes Yes
Microsoft Trading App Yes Yes

PaxForex Vs HYCM Trading Account Types Offered

PaxForex Vs HYCM Demo Account

A demo account with PaxForex or HYCM is extremely useful for people without trading experience. This way, you risk none of your money and test your trading skills in a safe environment. For people with next to no knowledge of trading, we recommend fully signing up with an PaxForex and HYCM demo account.

PaxForex Vs HYCM Micro Account

Micro accounts are trading accounts used by Forex traders that allow them to trade with smaller amounts of capital than standard trading accounts. Micro accounts require a smaller minimum deposit, usually ranging from $1 to $500, and offer smaller trade sizes than standard accounts, allowing traders to manage their risk more effectively.

If you need a micro account check if PaxForex or HYCM offer micro trading accounts in your region.

Overall, micro accounts provide a flexible and cost-effective way for Forex traders to enter the market and gain valuable trading experience while minimizing risks. However, traders need to remember that Forex trading carries significant risks, and they should always approach trading with caution and sound risk management strategies.

Both PaxForex and HYCM do offer Micro accounts.

PaxForex Vs HYCM Standard Account

A standard account is available on PaxForex and HYCM to more experienced traders. This account allows users to trade on stocks, commodities, crypto etc. To open one of these retail investor accounts, users must trade with at least $100. Standard trading accounts are what the majority of people will seek to use.

Both PaxForex and HYCM do offer clients Standard accounts.

PaxForex Vs HYCM MAM Account

A MAM (Multi-Account Manager) account is typically used by professional traders. It allows a trader to manage multiple individual trading accounts from a single master account, making it easier to execute trades and manage risk across multiple clients. MAM accounts can help streamline the trading process and improve efficiency for trader and their clients. If you need a MAM account check if MAM accounts are available with PaxForex or HYCM or alternative.

PaxForex does not offer clients MAM accounts, while HYCM does offer clients MAM accounts.

PaxForex Vs HYCM ECN Account

The primary purpose of ECN accounts is to provide traders with faster execution speeds and better pricing by connecting them directly to the market. ECN accounts allow traders to exploit the tightest spreads and access the deepest liquidity pools.

ECN accounts are used for fast and efficient trading, with lower transaction costs and greater transparency. While they may not be suitable for all traders, those with the necessary experience and expertise can benefit greatly from using an ECN account.

If you need a ECN account check they are available with PaxForex or HYCM or alternative.

PaxForex does offer clients ECN accounts, while HYCM does not offer clients ECN accounts.

PaxForex Vs HYCM Islamic Account

An Islamic account is for people who respect the Quran and want to invest in the Islamic stock market. Islamic trading accounts might seem very niche, but it is essential for those concerned as it follows certain ethics concerning the principles of Islam. They are also referred to as swap-free accounts.

If you need a Islamic account check they are available with PaxForex or HYCM or alternative.

Both PaxForex and HYCM do offer clients Islamic accounts.

PaxForex Vs HYCM STP Account

Straight Through Processing or STP is where a requested client's trade orders are sent directly to the markets. STP brokers aim to reduce all conflicts of interest. STP is a non-dealing desk trading method aimed mainly at Forex traders.

If you need a STP account check they are available with PaxForex or HYCM or alternative.

PaxForex does offer clients STP accounts, while HYCM does not offer clients STP accounts.

PaxForex Vs HYCM Managed Account

A managed account is a type of investment account where a professional manager or investment firm is responsible for making investment decisions on behalf of the account owner. The account owner typically retains ownership of the underlying assets but delegates responsibility for managing those assets to the manager.

While some managed accounts require significant investment minimums to access the services of a professional manager, many brokers now offer variations of managed accounts that can be accessed with smaller investment amounts. It's important to note that the fees associated with managed accounts can vary widely depending on the level of service the manager provides and the investment strategy employed. Investors should carefully evaluate the costs and benefits of managed accounts before making an investment decision.

PaxForex and HYCM do not offer clients Managed accounts.

Broker paxforex HY Markets IC Markets
Offers Demo Accounts Yes Yes Yes
Offers Micro Accounts Yes Yes No
Offers Standard Accounts Yes Yes Yes
Offers MAM Accounts No Yes Yes
Offers ECN Accounts Yes No No
Offers Islamic Accounts Yes Yes Yes
Offers STP Accounts Yes No No
Offers Managed Accounts No No No

PaxForex Vs HYCM Withdrawal and Funding Methods

PaxForex and HYCM have multiple deposit and withdrawal options. Funding and withdrawing from your PaxForex and HYCM accounts to your chosen payment method should be straightforward. Lets see how PaxForex and HYCM compare with each other. Be aware that depending on your payment method, there may be additional processing fees from your payment provider or bank for processing and converting your funds. Not all potential fees will come from PaxForex or HYCM.

Broker paxforex HY Markets IC Markets
Payment Methods Credit cards, Debit cards, Bank Transfer, Neteller, Skrill, Perfect Money, WebMoney, QIWI, FasaPay, Bitcoin, Ethereum, Credit cards, Debit cards, Bank Transfer, PayPal, WebMoney, Payoneer, Credit cards, Debit Cards, PayPal, Wire Transfer, Neteller, Neteller VIP, Skrill, UnionPay, Bpay, FasaPay, Broker to Broker, POLI, Thai Internet Banking, RapidPay, Klarna, Vietnamese Internet Banking, Online Digital Wallets, USDT (Tether),

PaxForex Vs HYCM Customer Support Compared

Customer support is essential when trading. Even professional traders will eventually need the help of PaxForex or HYCM support. Customer support is especially important for traders starting with little knowledge. If you are starting out, you will want to ensure the PaxForex and HYCM support is always available when needed. PaxForex and HYCM customer support is not just useful. broker customer support is crucial to your trading success!

PaxForex Vs HYCM Live Chat

Live chat is important for several reasons. When you encounter a problem with PaxForex or HYCM trading platforms, it is nice to know that the problem has the potential to be sorted out then and there. Also, speaking to someone live is much less frustrating than speaking to someone through several emails.

Both PaxForex and HYCM offer livechat support.

PaxForex Vs HYCM Email Support

When trading CFDs, stocks, commodities, currencies, cryptocurrencies or any other financial instruments with either PaxForex or HYCM you will find Email support is also very useful. Sometimes you might have a more complex question requiring a specific part of the PaxForex or HYCM support team to answer satisfactorily. Email support with PaxForex and HYCM will be needed.

Both PaxForex and HYCM offer email support.

PaxForex Vs HYCM Phone Support

Although most queries can be resolved with the need of a phone call, it is nice when we can explain ourselves with a live human being at either PaxForex or HYCM. We can get straight to the point, saving us time and frustration.

Both PaxForex and HYCM offer phone support.

Lets see how PaxForex and HYCM customer support compare side by side.

Broker paxforex HY Markets IC Markets
Offers Live Chat Yes Yes Yes
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian,Hindi, Hebrew, Arabic, Russian English, Chinese, Chinese (Traditional), Arabic, and Russian English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
Support Email [email protected] [email protected] [email protected]
Phone +44 2035040387 44-208-816-7812 No

PaxForex Vs HYCM Regulation and Licensing

Never trade on a market that is not sufficiently regulated. Only submit your bank card information or invest money on financially regulated websites. It would help if you made sure with certainty that your money is held with a regulated brokerage. Checking whether PaxForex and HYCM are regulated is not a hard task. The more reputable and mainstream brokers will proudly display their regulation certificates on their site, and if you cannot see that PaxForex or HYCM have these in place, please be extremely cautious before you proceed with them.

We compare PaxForex Vs HYCM financial regulation and licensing side by side below.

Broker paxforex HY Markets IC Markets
FCA Regulation No Yes No
CySEC Regulation No Yes Yes
MiFID Regulation No No No
ASIC Regulation No No Yes
FSCA Regulation No No No
DFSA Regulation No Yes No
MAS Regulation No No No

PaxForex Vs HYCM Risk Management Features

When trading with either PaxForex or HYCM you will want to understand and make full use of all the risk management features on your PaxForex or HYCM trading platforms.

We compare side by side the trading risk management features offered by PaxForex and HYCM below.

PaxForex Vs HYCM Hedging

What is hedging? Have you ever heard of the expression 'to hedge ones bets'? Hedging means not speculating solely on the outcome of one event, as holding all your assets in one place could be risky. Hedging in finance means being able to trade to protect yourself from huge risks by limiting risk using diversification. Hedging can be done, for example, by speculating on a stock to rise and against it to rise by using different amounts or different amounts of leverage.

PaxForex does not offer clients hedging, while HYCM does offer clients hedging.

PaxForex Vs HYCM Stop Loss

Stop loss orders are very useful for more volatile investments, especially when speculating on a stock or Forex currency pair. In a normal trade, you cannot lose more than what you invested, but this is not the case when you are using leverage. Under these terms, it is always good to set a stop loss to protect yourself from any vicious results.

Both PaxForex and HYCM do offer clients stop losses. Stop Loss and Take Profit are not guaranteed on PaxForex or HYCM. You must still monitor any live trades and your financial exposure and financial risk.

PaxForex Vs HYCM Limit Orders

Every broker should allow users to place a limit order. Limit orders are when you have the order to buy a financial instrument at a specific price. Your trade will be executed when the financial asset hits a set price. Limit orders are extremely useful as they allow you to buy stock at a better price! It would be very time-consuming to wait for a stock to fall to a price you would ultimately be satisfied by. Therefore, you can already imagine what helping limit orders can be in your trading career.

Both PaxForex and HYCM do offer clients limit orders.

PaxForex Vs HYCM Negative Balance Protection

Negative balance protection is there to protect its customers. Customers need protection as trading can be volatile, and not everybody who invests knows the full consequences of their trade.

Negative balance protection works like this: Say you invest $50, but your trade can lose $125 because you have used leverage. You will need $125 available in your account to do this trade. Negative balance protection is essential, as it would be unfortunate if you received an unexpected bill from a broker one day.

PaxForex does offer clients negative balance protection, while HYCM does not offer clients negative balance protection.

Broker paxforex HY Markets IC Markets
Offers Hedging No Yes Yes
Negative Balance Protection Yes No Yes
Guaranteed Stop Loss Yes No No
Offers Limit Orders Yes Yes
Offers Trailing Stops Yes Yes

PaxForex Vs HYCM Verdict

We hope this PaxForex Vs HYCM guide has helped you decide who is best to trade with out of PaxForex and HYCM.

When choosing a broker like PaxForex or HYCM for trading, it's important to ensure your money is held in a segregated bank account. Your live trading funds with PaxForex or HYCM are kept separate from the broker's funds and can be returned to you if the broker faces financial difficulties or insolvency when signing up with brokers such as PaxForex or HYCM, it's crucial to verify that they offer this safeguard. By doing so, you can have greater peace of mind and confidence in the safety of your funds as you engage in trading activities with PaxForex or HYCM.

Also, before you sign up with online brokers like PaxForex or HYCM, make sure you know what you are doing. Simple advice, we admit, but we know from experience how many people decide to start trading and then ask questions later. Please know what you are doing with PaxForex or HYCM before investing money into something.

Beware of the risks that come with trading with PaxForex or HYCM. The financial markets can be volatile, and investments can go down and up. Educate yourself, and use all PaxForex and HYCM educational resources and financial research tools. If you are new to trading, sign up for a demo account with PaxForex and HYCM to find which suits you and your trading style.

Some of you might be thinking about what we mean when we say 'trading style'. Here are a few examples. A day trader using PaxForex or HYCM will look to open positions and close them on the same day. Day trading in this way will require a broker that specialises in this. To do this with some brokers would be a bad idea because of the commission and fees involved. Check if PaxForex and HYCM fees match your trading requirements.

Alternatively, you could be on the end of this scale and decide to wait years before you close your investments with PaxForex or HYCM if your investment strategy is more long-term.

PaxForex and HYCM Alternatives

If PaxForex and HYCM are not what you are not quite what you are looking for we list some of the best PaxForex and HYCM alternatives below.

Other PaxForex and HYCM Vs Comparisons

If you are still looking for an alternative to PaxForex and HYCM and want to see how PaxForex or HYCM compares Vs other brokers check out the PaxForex Vs and HYCM Vs list below.

PaxForex Vs Alternatives

Still not happy have a look at some of our alternative PaxForex Vs side by side comparisons below

HYCM Vs Alternatives

Still not happy have a look at some of our alternative PaxForex Vs side by side comparisons below

PaxForex Vs HYCM Frequently Asked Questions

We answer some of the most frequently asked PaxForex Vs HYCM questions below.

Is PaxForex any Good?

Knowing that a broker is legit is the first thing you should check before signing up with a broker. Is PaxForex legit? - PaxForex are regulated by Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825 and have been in business since 2010

Is HYCM any Good?

HYCM are regulated by Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048 and have been in business since 1977.

Which is better PaxForex or HYCM?

PaxForex and HYCM do not have a high rating, so we recommend trading with a more reputable alternative broker.

Is PaxForex a con?

PaxForex is regulated by Financial Services Authority (FSA), Registration Number 21973 IBC 2014 1825 and have been in business since 2010. We recommend looking at a PaxForex alternative that has more financial regulation.

Is HYCM a con?

HYCM is regulated by Financial Conduct Authority (FCA), FCA reference number 186171, Cyprus Securities and Exchange Commission (CySEC), CySEC license number 259/14, Cayman Islands Monetary Authority (CIMA), CIMA reference number 1442313, Dubai financial services authority (DFSA), DFSA license number 000048 and have been in business since 1977. HYCM is most definitely not a con as they are regulated by major financial regulators.

What happens if PaxForex or HYCM go bust?

PaxForex and HYCM are regulated, which means that as part of their regulatory obligations PaxForex and HYCM have to offer a certain level of financial protection to their clients. PaxForex and HYCM should by law keep client funds separate from PaxForex and HYCM funds. If either PaxForex or HYCM goes bankrupt, they should not have access to your money. Customer accounts should be segregated. A financial services compensation scheme differs from country to country, so check this on the PaxForex and HYCM websites and regulators.

Are PaxForex or HYCM good for beginners?

PaxForex and HYCM offer low deposits and access to a selection of market insights and news resources. Both PaxForex and HYCM offer demo accounts. Demo trading accounts are a big plus for PaxForex and HYCM as it shows they are interested in their customers.


Learn more Learn more about PaxForex.
Your capital is at risk