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Data refreshed 25 Aug 2026 · Compiled by David Ispiryan
Trust rank #30 · Editorial rating 8.7 / 10 · Founded 1977
HYCM is a well-regarded forex and CFD broker offering access to a broad range of currency pairs and other markets on MetaTrader platforms. It provides flexible account types, education and research resources,…
Read the HYCM review
Trust rank #4 · Editorial rating 10 / 10 · Founded 1992
Saxo Bank is a well-regarded forex broker with a proprietary multi-asset trading platform, broad access to currency pairs, advanced charting, and research-driven tools. It emphasizes robust technology, risk management features, and a…
Read the Saxo Bank reviewHYCM (United Kingdom, founded 1977) holds 4 regulatory licences (CIMA, CySEC, DFSA, FCA), 1 of them tier-1, offers MT4, MT5 and sits in our medium-fee bracket. Saxo Bank (Denmark, founded 1992) holds 6 regulatory licences (ASIC, DFSA, FCA, FINMA, MAS…), 5 of them tier-1, offers Proprietary, TradingView and sits in our low-fee bracket. The two overlap in 37 countries; HYCM is available in 168 countries where Saxo Bank is not, and Saxo Bank in 5 where HYCM is not.
Scored on 9 measurable dimensions where both brokers have verified data. Dimensions missing for either side are excluded rather than guessed. This is a data summary, not a recommendation.
| Criteria | HYCM | Saxo Bank |
|---|---|---|
| Editorial rating | 8.7 / 10 | 10 / 10 |
| Trust rank | #30 | #4 |
| Founded | 1977 | 1992 |
| Headquarters | United Kingdom | Denmark |
| Regulators | CIMA, CySEC, DFSA, FCA | ASIC, DFSA, FCA, FINMA, MAS, SFC |
| Broker type | Market Maker, STP | DMA, STP |
| Platforms | MT4, MT5 | Proprietary, TradingView |
| Instruments | Commodities, Cryptocurrencies, Forex, Indices, Metals | Commodities, Cryptocurrencies, Forex, Indices, Metals |
| Countries accepted | 205 countries | 42 countries |
| Fee level | Medium | Low |
| Trading types | CFD Trading, Spot Trading | CFD Trading, Spot Trading |
| Best-for use cases | Professional Trading, Retail Trading | Professional Trading, Retail Trading |
Highlighted cells mark the stronger value where a direction is objectively better (e.g. more licences, lower fees). "Not verified" means the field is not yet in our catalogue for that broker — we never fill gaps with estimates.
Available at both (37): Australia, Austria, Croatia, Czechia, Denmark, Estonia, Faroe Islands, Finland, Germany, Greece, Greenland, Hungary, Iceland, Ireland, Israel, Italy, Japan, Latvia, Lithuania, Luxembourg, Malaysia, Malta, Monaco, Netherlands, Norway, Poland, Qatar, Romania, Saudi Arabia, Singapore, Slovakia, Slovenia, Sweden, Switzerland, Thailand, United Arab Emirates, United Kingdom.
Only HYCM (168): Algeria, American Samoa, Andorra, Angola, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Azerbaijan, Bahamas, Bahrain, Bangladesh, Belize, Benin, Bermuda, Bhutan, Bolivia, Bonaire, Bosnia and Herzegovina, Botswana, Brazil, Brunei, Bulgaria, Burundi and 143 more.
Only Saxo Bank (5): Belgium, France, Hong Kong, Portugal, Spain.
Availability reflects the countries each broker declares it serves. Local rules change; confirm on the broker's own site before signing up.
Saxo Bank holds more regulatory licences: HYCM (CIMA, CySEC, DFSA, FCA) versus Saxo Bank (ASIC, DFSA, FCA, FINMA, MAS, SFC). Tier-1 licences: HYCM 1, Saxo Bank 5.
HYCM offers MT4, MT5; Saxo Bank offers Proprietary, TradingView.
Saxo Bank is in the lower fee bracket (medium vs low) in our catalogue.
HYCM is the older of the two, founded in 1977; Saxo Bank was founded in 1992.
They overlap in 37 countries. HYCM is additionally available in 168 countries (Algeria, American Samoa, Andorra, Angola, Anguilla, Antigua and Barbuda and 162 more) and Saxo Bank in 5 countries (Belgium, France, Hong Kong, Portugal, Spain).
Risk warning: CFDs and forex are complex, leveraged instruments and carry a high risk of losing money rapidly. A majority of retail investor accounts lose money when trading CFDs. Nothing on this page is financial advice; verify licence status on the regulator's register before depositing. Full risk disclosure.