HYCM vs Saxo Bank
Side-by-side comparison of regulation, trading costs, platforms, and account types for HYCM and Saxo Bank.
HYCMTrust 7.8/10
FCA
DFSA
CIMA
Part of the Henyep Group operating since 1977 in financial services. FCA and DFSA-licensed with a Fixed account that suits volatile-period trading and a Raw account for tight ECN-style execution.
Saxo BankTrust 9.4/10
DFSA
FCA
ASIC
MAS
Danish investment bank, premium broker for serious traders. SaxoTraderGO and SaxoTraderPRO platforms. Access to 70,000+ instruments across forex, stocks, bonds, options.
Quick verdict
- Trust: Saxo Bank has the higher trust score.
- EUR/USD spread: HYCM is tighter on EUR/USD.
Side-by-side comparison
| Feature | HYCM | Saxo Bank |
|---|---|---|
| Trust score | 7.8 | 9.4 |
| Regulators | FCA, DFSA, CIMA | DFSA, FCA, ASIC, MAS, JFSA, FINMA |
| Headquarters | United Kingdom | — |
| Founded | 1989 | — |
| Min deposit | $100 | $0.00 |
| Max leverage | 1:500 | 1:200 |
| EUR/USD spread | 0.20 pips | 0.40 pips |
| Commission per lot | $8 | $0.00 |
| Raw spread account | ||
| Standard account | ||
| Swap-free account | ||
| cTrader | ||
| MT4 | ||
| MT5 | ||
| TradingView | ||
| Scalping allowed | ||
| EAs / algo allowed | ||
| Hedging allowed | ||
| Copy trading | ||
| Deposit methods | Bank Wire, Credit/Debit Card, Skrill, Neteller | — |
| Withdrawal methods | Bank Wire, Credit/Debit Card, Skrill, Neteller | — |
| Withdrawal speed | 24h | — |
| Base currencies | USD, EUR, GBP | — |
HYCM is best for
Swing traders
Day traders
Algo traders
Saxo Bank is best for
Sophisticated traders
Multi-asset investors
High-net-worth clients