Comparison 24option vs HYCM

A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare 24option vs HYCM. Which of them: 24option or HYCM a better online broker?

Firstly, let’s compare commission fees provided by these brokers for regular transactions. The full online broker reviews contains more detailed information on the brokers’ commission fees.

Investors should always know about types of online trading supported by broker and about tools provided by them in trading. It is very important information as well. Let’s compare them. are 24option provides customers with Stocks Trading, Forex Trading, Crypto Trading, and HYCM provides customers with Stocks Trading, Forex Trading, Crypto Trading. As for platforms, 24option offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, MT4, Android App, iOS App, while HYCM offers Desktop Platform (Windows), Desktop Platform (MacOS), MT4, Android App, iOS App.

In conclusion, when comparing the two online brokers, we should pay our attention to the year and country of foundation, the regulatory authorities and ways to withdraw funds. 24option was established in 2009 in Cyprus, and it is regulated by CySEC, IFSC. And HYCM was established in 1977 in United Kingdom, and it is regulated by FCA, CySEC, CIMA. We can withdraw funds from 24option with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $35. And HYCM provides the ability to withdraw funds with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is free. The time for withdrawal in 24option is 5 - 10 business days, and that one in HYCM is 1 - 7 business days.

As a result, the rating of 24option is 3.9 stars versus that of HYCM of 4.8 stars.