Select Your Brokers to Compare
HYCM vs Saxo Bank : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
HYCM
Saxo Bank
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
Market maker
STP broker
Years of Existence / Established Year
1977
1992
Customer Base / Number of Accounts
No information
1 million+ clients
Regulation & Security
Regulations (governing bodies)
FCA, DFSA, CySEC,CIMA
FSA, FCA, MAS, JFSA, SFC, ASIC, DFSA, FINMA, MiFID
Awards Won (count for the last 2 years)
Most Trusted Broker 2023 UAE, Most Transparent Forex Broker 2023
Best Prime-of-Prime Broker 2024, Best Trading Platform 2024, Best Forex Broker 2024, Best CFD Broker 2023 and Best DMA/Professional Trading Account 2023
Security Measures
Tier-1 Client Fund Security
Danish Depositor and Investor Guarantee Scheme DGS upto EUR 100,000 per depositor
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
Yes
Yes
Negative Balance Protection
Yes
Yes
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
300+ instruments
over 71,000 financial instruments including Turbos
Currency Pairs
Yes
Yes
Commodities
Yes
Yes
Indices
Yes
No
Cryptocurrencies
Yes
Yes
CFDs
Yes
Yes
ETFs
No
Yes
Stocks
Yes
Yes
Options
No
Yes
Futures
No
Yes
Bonds
No
Yes
Mutual Funds
No
Yes
Fractional Shares
Exchange Traded Notes (ETNs)
No
No
Precious Metals
No
No
Real Estate Investment Trusts (REITs)
No
No
Equities
No
No
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
Yes
No
MT5
Yes
No
cTrader
No
No
Social Trading
Yes
Copy Trading
Yes
Yes
Other Trading Platforms (proprietary, etc.)
HYCM Trader, Web trader
Saxo investor, SaxoTrader GO, SaxoTrader PRO
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Fixed, Classic and Raw account, Special account for VIP and corpoarte clients
Saxo account, Joint account, Corporate account, Professional account
Demo Account (Yes/No)
Yes
Yes
Islamic Accounts (Yes/No)
Yes
No
Minimum Deposit
$20
$0
Leverage Available
1:20- 1:500
1:50-1:100
Trade Limit (maximum per trade)
250 for MT4 Unlimited for HYCM trader and MT5
Depends on the assets class
Commission (per account type)
No commission for fixed and classic accounts, Commissions for raw account: FX $4 per round, Metals $5 per round, Others $0 per round
$0
Best Suited For (e.g., beginners, experienced traders)
Beginners traders
Beginners to experienced traders
Deposit & Withdrawal Options
Deposit Methods
Bank Transfer, Visa (credit/debit card), and Crypto wallet (cryptocurrency payments), e-wallets
VAN bank transfer, Bank transfer, Telegraphic transfer, Credit/ debit card
Withdrawal Methods
Bank Transfer, Visa (credit/debit card), and Crypto wallet (cryptocurrency payments), e-wallets
Telegraphic Transfer, MEPS
Other E-Wallets Supported
Neteller, Skrill, PayTrust, Fasapay, WebMoney, AstroPay, ZOTAPAY, and UPI
No
Tools & Educational Resources
Economic Calendar
Yes
Yes
Tools & Educational Resources (tutorials, webinars, market news, etc.)
Forex Fundamentals, Trading Tools and Resources, Advanced Trading Concepts, Ethics and Compliance, Technology In Trading, Forex Market History
Saxo Academy Trading Education, Market Analysis and Insights, Webinars, Trading Strategies and Ideas, Saxo TV Market News and Analysis
Fees & Commissions
Trading-Related Fees
Spread- 0.1 to 1.5 pips, Raw account - FX- $4 per round, Metals - $5 per round
Stocks - $1, ETFs-$1, Bonds- 0.05%, Mutual funds- $0, Spread on Major forex pairs- from 0.7 to 0.9 pips
Spread (typical, fixed, variable)
Variable /Fixed
Variable
Per Lot Fees
$4 per round
NA
Options Contract Fees
NA
$0.75
Futures Contract Fees
NA
$1
Markup Fees on Spread
NA
NA
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
1:500
1:1000
Non-Trading Fees
Dormant Fees
$10 inactive for 90 days
$0
Subscription Fees (for premium features, data feeds)
NA
100 EUR per ISIN
Advisory Fees
NA
NA
Swap Fees (Overnight Financing)
Yes
Yes
Statement or Document Fee
NA
NA
Account Opening Fee
NA
NA
Account Maintenance Fee
$50
NA
Deposit Fee
$0
Plus or minus 0.25%
Currency Conversion Fee
$10
$0
Withdrawal Fee
e-wallets- 1%, Bank wires- $30, Others-$0
$0 bank fees may apply
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
Yes
Yes
Customer Benefits (e.g., Retirement Plan)
No
No
Trading Hours
Trading Hours (for each asset class if applicable)
23: 01GMT on Sunday night and 21: 00 GMT on Friday night
Varies by instrument
Customer Support
Support Hours (e.g., 24/7, weekdays only)
24/5 For complaints 9:00 - 18.00 (GMT +3)
24/5
Customer Support Methods (phone, email, live chat)
Phone: +44 - 208 - 816 - 7812, E-mail:[email protected], Live chat
Phone: +33 1 78 94 56 40, +44 (0)207 151 2100, +39 02 3668 2929, +31 (0)20 225 5900, +41 58 317 95 00. E-mail: [email protected], Live chat
Support Languages
15+
24+
Additional Information
Headquarters Location
27-28 Clement's Lane, St Clement's HouseLondon EC4N 7AEUnited Kingdom
Copenhagen, Denmark
Complaints (for crypto brokers)
No
No
Explore More Broker Matchups
Here are more Comparisons to help you choose wisely
Our Latest Contents
Stay updated with our newest insights and guides!
Top Broker Reviews
Discover brokers trusted by global traders.
Yes