Turbo Forex Vs HYCM

How Turbo Forex and HYCM Compare in 2022

Turbo Forex or HYCM who is better?

Compare TURBO FOREX Versus HYCM and eToro broker accounts.


Compare Turbo Forex Vs HYCM Side by Side

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

When trading on financial markets you will want to know all about who Turbo Forex or HYCM are, and how they compare. You will naturally want to know how long Turbo Forex and HYCM have been in business and what reputation Turbo Forex and HYCM have. On top of this, you will need to discover if Turbo Forex 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 safe in the knowledge that your money is in safe hands. Let us see how Turbo Forex 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 Turbo Forex and HYCM side by side.

You are eager to start trading so let us help you make a more informed descision.

Our Comparebrokers.co team has painstakingly spent months assessing different brokers accounts. We collected over 1200 data points on Turbo Forex 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 Turbo Forex platform or HYCM, you can trust with your money with them. To finish off our comparison, let's look at the popular tools and features traders prefer side by side.


Turbo Forex

(3/5)
Benefits of Turbo Forex?
  • Established in 2008
  • Turbo Forex have been in business for 14 years.
  • Head quarters in United Kindom.
  • Live Chat
  • Turbo Forex Min deposit $250
Turbo Forex screenshot turboforex sign up here
Your capital is at risk
Reputation Support
Good
Good

Turbo Forex Regulation

Turbo Forex is regulated by the Financial Market Relations Regulation Center (FMRRC).

Excluded Countries

US, IR

Turbo Forex Fees

Deposit fee
Commission
Inactivity fee
Withdrawal fee varies
Min trade varies
Max trade varies
Min deposit $250
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

Turbo Forex 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

Turbo Forex Platforms

 Windows, Android, Mac , iOS

Turbo Forex Languages

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

See Turbo Forex
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 Turbo Forex
instruments here
Your capital is at risk

Turbo Forex 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 Turbo Forex website. Our records were last updated on .

Visit Turbo Forex today
Your capital is at risk

HYCM

(3/5)
Benefits of HYCM?
  • Established in 1977
  • HYCM have been in business for 45 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

eToro

(4/5)
Benefits of eToro?
  • Established in 2007
  • eToro have been in business for 15 years.
  • Head quarters in Cyprus, UK.
  • Live Chat
  • Segregates clients funds
  • eToro Min deposit $10
eToro screenshot eToro sign up here
78% of retail investor accounts lose money when trading CFDs with this provider.
Reputation Support
Great
Great

eToro Regulation

eToro is regulated by the Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC).

Excluded Countries

ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI, VG, AN,

eToro Fees

Deposit fee No
Commission Yes
Inactivity fee Yes
Withdrawal fee Yes
Min trade $25
Max trade 20% of equity
Min deposit $10
View all spreads
& fees here
78% of retail investor accounts lose money when trading CFDs with this provider.

Funding Methods

Credit card
Bank transfer
American Express
PayPal
Neteller
Skrill
Bitcoin

Payment processing time
Varies

Withdrawal processing time
Varies
See all eToro
funding options here
78% of retail investor accounts lose money when trading CFDs with this provider.

eToro 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

eToro Platforms

Web Trader, Tablet & Mobile apps

eToro Languages

English, German, Spanish, French, Italian

See eToro
features here
78% of retail investor accounts lose money when trading CFDs with this provider.

Financial Markets

Forex (Currency)
Majors
Indices
Penny stocks
Dow Jones
FTSE
Dax
Nikkei
IPO
ETFs
Bitcoin CFD
Metals
Agriculturals
Energies
See eToro
instruments here
78% of retail investor accounts lose money when trading CFDs with this provider.

eToro 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 eToro website. Our records were last updated on .

Visit eToro today
78% of retail investor accounts lose money when trading CFDs with this provider.

Turbo Forex Vs HYCM Table of Contents

Turbo Forex and HYCM in Detail

Turbo Forex Review Screenshot

The Turbo Forex online trading platform gives traders from all over the world access to over 237 financial instruments including over 100 available instruments. There are over 10,000 customers that have taken advantage of the Turbo Forex platform.

Turbo Forex are regulated by Financial Market Relations Regulation Center (FMRRC).

Turbo Forex 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 Turbo Forex 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. Safety is the most important thing to consider. Turbo Forex is listed as a publically traded company so are a reputable broker.

Benefits of Turbo Forex and HYCM Compared

Below we will give you a brief summary of the benefits Turbo Forex and HYCM offer side by side.

Turbo Forex offers a minimum deposit of 250 while HYCM have a 100 minimum deposit.

Why small deposits before trading are good and how Turbo Forex and HYCM compare

The first obvious reason is that you should only deposit what you can afford with Turbo Forex or HYCM. If you you have a lower budget, the broker that offers the lowest deposit option will be more attractive. Turbo Forex has a min deposit of 250, while HYCM has a min deposit of 100. The other reason is because when speculating on riskier but potentially more rewarding financial instruments you should look to speculate with only a small percentage of your allocated trading funds. Don't let a higher minimum deposit offered by either Turbo Forex or HYCM totally put you off a broker, look at the overall trading features you are getting from the trading platform. Often a high minimum deposit gives greater choice in the financial assets and trading platform research features.

Turbo Forex allows traders to trade up to 237 financial instruments while HYCM have around 100 on their trading platform.

The more instruments available on Turbo Forex 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 Turbo Forex or HYCM.

The Turbo Forex trading platform has 0 stocks listed while HYCM has 10 stocks listed.

Turbo Forex allows retail traders to trade the following assets Forex trading, CFD trading, Spread Betting, Social trading, Share Dealing on the Turbo Forex  Windows, Android, Mac , iOS trading platforms.

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

Compare Turbo Forex and HYCM in more detail below.

Drawbacks of Turbo Forex and HYCM Compared

Below we compare what drawbacks Turbo Forex and HYCM have side by side.

There are many potential drawbacks with some brokers. The first one is the potential limitations Turbo Forex and HYCM have. Generally speaking, the more things, you can invest in the better. The second thing is the trading fees and commissions you are paying with Turbo Forex vs HYCM. The higher the trading fees you pay will have more of an impact on any potential profits. Other important factors are the trading research tools, educational resources and the general usability of Turbo Forex vs HYCM.

Broker turboforex HY Markets eToro
Inactivity Fees Yes Yes
Withdrawl Fees varies Varies Yes
Withdrawal Processing Time Varies 1-7 business days Varies
Min Deposit 250 100 10
Social Trading Yes No Yes
Excluded Countries US, IR US ZA, ID, IR, KP, BE, CA, JP, SY, TR, IL, BY, AL, MD, MK, RS, GN, CD, SD, SA, ZW, ET, GH, TZ, LY, UG, ZM, BW, RW, TN, SO, NA, TG, SL, LR, GM, DJ, CI, PK, BN, TW, WS, NP, SG, VI, TM, TJ, UZ, LK, TT, HT, MM, BT, MH, MV, KZ, GD, FJ, BB, BM, BS, AG, AI, AW, LB, SV, PY, HN, GT, PR, NI, VG, AN,

Turbo Forex Vs HYCM Available Financial Markets

Variety is the spice of life and that certainly applies to financial markets. A diverse investment portfolio is always recommended. If your investment portfolio is diverse, it helps to protect your investments overall from huge downswings that can occur in one potential market. For example, when an aeroplane stock goes up, other aeroplane stocks usually follow suit. This of course is the positive side of putting all your eggs in one basket.

When the opposite happens this could spell disaster! The best portfolios cover for potential danger and involve businesses and stocks from all walks of life. Having more tradeable assets, commodities and assets available to you on the Turbo Forex and HYCM platforms will help you build a more diverse investment portfolio.

Broker turboforex HY Markets eToro
Instruments Available 237 100 2000
Offers share dealing Yes No Yes
Number of Shares 0 10 2,042
Offers US Stocks No Yes Yes
Offers UK Stocks Yes No Yes
Offers German Stocks No No Yes
Offers Japanese Stocks No No Yes
Offers Indices Trading Yes Yes Yes
Number of Commodities 0 10 31
Offers Metals Commodities Yes Yes Yes
Offers Energy Commodities Yes Yes Yes
Offers Agricultural Commodities Yes Yes Yes
Offers Forex Trading Yes Yes Yes
Number of Forex Pairs 40 50
Offers Major Forex Pairs Yes Yes Yes
Offers Minor Forex Pairs No Yes Yes
Offers Exotic Forex Pairs No Yes Yes
Offers CFD Trading Yes Yes Yes
Offers Social Trading Yes No Yes

Turbo Forex Vs HYCM Cryptocurrency Trading

Crypto currencies have been booming since the invention of Bitcoin and with good reason. Cryptocurrencies have turned double digit investments into millions. Extreme examples of course but this can be rarely said of any stock that exists.

Bitcoin is by far the most famous example of cryptocurrency but there are thousands of altcoins that are on the market that have the potential to rise in a similar fashion. Like stock markets, if Bitcoin rises, then altcoins follow suit.

Cryptocurrency can easily be labelled as a higher risk investment. This is because cryptocurrencies fluctuate often with extreme highs and extreme lows. If cryptocurrencies represent a fraction of your portfolio or you want to invest a small fraction of your trading budget to see what happens it could potentially be one of your most exciting trades ever depending on how the markets are. Please note that cryptocurrency availability with Turbo Forex, HYCM and all brokers is subject to regulation.

We compare Turbo Forex vs HYCM Crypto options below side by side.

Broker turboforex HY Markets eToro
Allows Cryptocurrency Trading (availability subject to regulation) No Yes Yes
Cryptocurrencies Offered BTC, BSV, BTG, ETH, ETC, LTC, XRP, EOS, XLM, TRON, DASH, IOTA, XMR, ZEC, NEO BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA, EOS, NEO, XLM, IOTA, TRX, ZEC, BNB, XTZ

Turbo Forex Vs HYCM Commission and Fees

knowing your trading and commission fees with Turbo Forex vs HYCM is extremely important. For the majority of the Turbo Forex 237 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 both Turbo Forex and HYCM. The bigger the fee, the bigger the issue this is. Most alarmingly though some financial assets occur a charge for you to hold on to the asset overnight or over the weekend. This is usually true with commodities and stocks that you are using leverage on. Please check what your fees are with Turbo Forex and HYCM before you invest because it is crucial that you know exactly what you are paying.

You ideally want to choose a broker that does not charge to much for withdrawal fees. This is simply because this will eat into your profits. This is especially true if you have a low budget and do not intend to invest so much. You want the withdrawal fee to be less than one percent of what you are withdrawing but more ideally a set fee of around 5 USD. Your location or residence will have an impact on your potential Turbo Forex and HYCM fees of course. Make sure you do your research and check the commission and fees with both Turbo Forex 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.

Both Turbo Forex and HYCM do charge inactivity fees.

You should receive plenty of notifications warning you about any potential deadlines and you can make a decision to act accordingly, continuing to use your account or closing it. Usually the fees are very small so there is no need to be alarmed especially when the problem is easily avoided.

When you deposit money to a broker like Turbo Forex or HYCM you might need to pay deposit fees. The lower the better. Most preferably of course you would have to pay 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 considering before you sign up.

Let’s see how Turbo Forex vs HYCM compare side by side for commissions and fees.

Broker turboforex HY Markets eToro
Min Deposit 250 100 10
Inactivity Fees Yes Yes
Withdrawal Fees varies Varies Yes
Deposit Fees No No

Turbo Forex Vs HYCM Trading Platforms

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

Some brokers offer there own 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 will need to test this out yourself with an Turbo Forex or HYCM demo account.

Broker turboforex HY Markets eToro
Offers MT4 No Yes No
Offers MT5 No No No
Offers cTrader No No No

Turbo Forex Vs HYCM Mobile Trading

Being able to trade on your mobile 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. This way you will be able to take advantage of all the opportunities that present themselves. For example, a stock might move to an all-time low when you are out. In this instance you would have missed out on some profit.

If you have an iPhone you will need an IOS Apple mobile trading app. Thankfully these are very common and if a broker has an application, they are almost always available on an iPhone.

Similarly if your phone requires an android app it is good to check if the broker offers an app that supports Android devices.

If you use Microsoft Windows tablets or phones you will also need to check if the Turbo Forex and HYCM have trading apps that are compatible.

Broker turboforex HY Markets eToro
Web Platform Yes Yes Yes
IOS Trading App Yes Yes
Android Trading App Yes Yes
Microsoft Trading App Yes No

Turbo Forex Vs HYCM Trading Account Types Offered

Turbo Forex Vs HYCM Demo Account

A demo account is an extremely useful account for people with no trading experience. This way you are risking none of your money and testing out your trading skills in a safe environment. For people who have next to no knowledge of trading, we recommend signing up with an Turbo Forex and HYCM demo account fully.

Turbo Forex Vs HYCM Micro Account

A micro account allows traders to place money on the Forex market. This is best for people who like to make risk averse trades and focuses mostly on foreign exchange currency. This is usually used by beginners.

Turbo Forex does not offer clients Micro accounts, while HYCM does offer clients Micro accounts.

Turbo Forex Vs HYCM Standard Account

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

Turbo Forex does not offer clients Standard accounts, while HYCM does offer clients Standard accounts.

Turbo Forex Vs HYCM MAM Account

What is a MAM account? MAM stands for a Multi-Account Manager Account. This is very useful for serious traders who want to use one account to place all of their trades. It is a sophisticated software tool that allows a single trader to execute block trades on all accounts operating under a master account.

Turbo Forex does not offer clients MAM accounts, while HYCM does offer clients MAM accounts.

Turbo Forex Vs HYCM ECN Account

An ECN account stands for Electronic Communications Network. This is an account for pure order-matching execution. This is a very sophisticated piece of software and please only try this after much research. The account provider will charge a fee as their commission for executing each trade as an alternative to increasing the raw spread artificially as a revenue method.

Turbo Forex does offer clients ECN accounts, while HYCM does offer clients ECN accounts.

Turbo Forex Vs HYCM Islamic Account

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

Both Turbo Forex and HYCM do offer clients Islamic accounts.

Turbo Forex 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.

Turbo Forex does offer clients STP accounts, while HYCM does offer clients STP accounts.

Turbo Forex Vs HYCM Managed Account

A managed account is an investment that is owned by a single investor. However, the money-making decisions are in somebody else’s hands. These have become extremely popular in the last decade or so and with good reason. The money needed to invest in such accounts is usually larger as you must consider the fee for the finance professional. However, there are certain brokers that offer variations of managed accounts where you can pay as little as $200.

Turbo Forex and HYCM do not offer clients Managed accounts.

Broker turboforex HY Markets eToro
Offers Demo Accounts Yes Yes Yes
Offers Micro Accounts No Yes No
Offers Standard Accounts No Yes Yes
Offers MAM Accounts No Yes No
Offers ECN Accounts Yes No No
Offers Islamic Accounts Yes Yes Yes
Offers STP Accounts Yes No Yes
Offers Managed Accounts No No No

Turbo Forex Vs HYCM Withdrawal and Funding Methods

Turbo Forex and HYCM have multiple deposit and withdrawal options. Funding and withdrawing from your Turbo Forex and HYCM account to your chosen payment method should be straightforward. Lets see how Turbo Forex and HYCM compare with each other. Be aware that depending on the payment method you decide upon 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 Turbo Forex or HYCM.

Broker turboforex HY Markets eToro
Payment Methods Credit cards, Bank Wire transfer, Electronic wallets (eWallets) ,Skrill, Neteller, Sofort, WebMoney, Credit cards, Debit cards, Bank Transfer, PayPal, WebMoney, Payoneer, Credit cards, VISA, MasterCard, Diners Club, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, China UnionPay, Giropay, Electronic wallets (eWallets), Ethereum, Bitcoin, Bitcoin Cash, Dash, EOS, Ripple XRP, Litecoin, Zcash, Payoneer,

Turbo Forex Vs HYCM Customer Support Compared

Customer support is essential when trading. Even professional traders will eventually need the help of Turbo Forex or HYCM support. This is especially true of traders who are starting from a position of little knowledge. If you are starting out you will want to make sure the Turbo Forex and HYCM support is always available when you need them. Turbo Forex and HYCM customer support is not just useful. It is crucial to your trading success!

Turbo Forex Vs HYCM Live Chat

Live chat is important for several reasons. This is because when you encounter a problem it is nice to know that the problem has the potential to be sorted out then and there. Also speaking to a person live is much less frustrating than speaking to someone over the course of several emails.

Turbo Forex offers live chat while HYCM does not offer live chat support.

Both Turbo Forex and HYCM offer livechat support.

Turbo Forex Vs HYCM Email Support

When trading CFDs, stocks, commodities, currencies, cryptocurrencies or any other financial instruments with either Turbo Forex or HYCM you will find Email support is also very useful. Sometimes you might have a more complex question that requires a specific part of the Turbo Forex or HYCM support team to give a satisfactory answer to. This is where email support with Turbo Forex and HYCM will be needed.

Both Turbo Forex and HYCM offer email support.

Turbo Forex Vs HYCM Phone Support

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

Both Turbo Forex and HYCM offer phone support.

Lets see how Turbo Forex and HYCM customer support compare side by side.

Broker turboforex HY Markets eToro
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, German, Spanish, French, Italian
Support Email [email protected] [email protected] [email protected]
Phone +44 20 373 42018 44-208-816-7812 44-866-350-0881

Turbo Forex Vs HYCM Regulation and Licensing

Never trade on a market that is not sufficiently regulated. This should go without saying when submitting your bank card information or investing money on any website. You need to make sure with certainty that your money is in safe hands. Checking to see if Turbo Forex and HYCM are highly 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 Turbo Forex or HYCM have these in place please be extremely cautious before you proceed with them.

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

Broker turboforex HY Markets eToro
FCA Regulation No Yes Yes
CySEC Regulation No Yes Yes
MiFID Regulation No No Yes
ASIC Regulation No No Yes
FSCA Regulation No No No
DFSA Regulation No Yes No
MAS Regulation No No No

Turbo Forex Vs HYCM Risk Management Features

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

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

Turbo Forex Vs HYCM Hedging

What is hedging? Have you ever heard of the expression ‘to hedge one’s bets’? This basically means to not speculate solely on the outcome of one event as it could be potentially risky holding all your assets in one place. Hedging in finance means being able to tactically trade in such a way as you are protecting yourself from huge risk. This can be done for example by betting for a stock to rise and betting against it to rise by using different amount or different amounts of leverage.

Both Turbo Forex and HYCM do offer clients hedging.

Turbo Forex Vs HYCM Stop Loss

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

Both Turbo Forex and HYCM do offer clients stop losses.

Turbo Forex Vs HYCM Limit Orders

Every broker should give its users an opportunity to place a limit order. This is when you have an order in place to buy a financial instrument at a specific price. When the financial asset hits a set price your trade will be executed. This is extremely useful as it will give you the opportunity to buy a 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 help limit orders can be in your trading career.

Both Turbo Forex and HYCM do offer clients limit orders.

Turbo Forex Vs HYCM Negative Balance Protection

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

The way negative balance protection works is like this: Say you invest $50 but your trade has the potential to lose $125 because you have used leverage. To do this trade you will need $125 available in your account. This is great as it would be very unfortunate if you recieved an unexpected bill from a broker one day.

Turbo Forex does offer clients negative balance protection, while HYCM does offer clients negative balance protection.

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

Turbo Forex Vs HYCM Verdict

We hope this Turbo Forex Vs HYCM guide has helped you decide who is best to trade without of Turbo Forex and HYCM.

Firstly when you are looking to trade it is essential that you can guarantee that your money is in safe hands. Therefore, please bear this in mind when you sign up with Turbo Forex or HYCM.

Also, before you sign up with online brokers like Turbo Forex 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. To put it in the simplest terms possible before you invest any money into something please take note of exactly what you are doing.

Beware of the risks that come with trading. The financial markets can be volatile and investments can go down as well as up. Educate yourself, make full use of all Turbo Forex and HYCM educational resources and financial research tools. If you are new to trading sign up for a demo account with Turbo Forex 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 will look to open positions and close them on the same day. This 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 Turbo Forex and HYCM fees match your trading requirements.

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

Turbo Forex and HYCM Alternatives

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

Other Turbo Forex and HYCM Vs Comparisons

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

Turbo Forex Vs Alternatives

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

HYCM Vs Alternatives

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

Turbo Forex Vs HYCM Frequently Asked Questions

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

Is Turbo Forex any Good?

Knowing that a broker is legit is the first thing you should check before signing up to a broker. Is Turbo Forex legit? – Turbo Forex are regulated by Financial Market Relations Regulation Center (FMRRC) and have been in business since 2008

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 Turbo Forex or HYCM?

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

Is Turbo Forex a con?

Turbo Forex is regulated by Financial Market Relations Regulation Center (FMRRC) and have been in business since 2008. We recommend looking at a Turbo Forex 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 Turbo Forex or HYCM go bust?

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

Are Turbo Forex or HYCM good for beginners?

Turbo Forex and HYCM offer low deposits and access to a selection of market insights and news resources. Both Turbo Forex and HYCM offer demo accounts. This is a big plus for Turbo Forex and HYCM as it shows on they have an interest in their customers.


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