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Comparison Ally Invest vs HYCM

The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Ally Invest vs HYCM. Is Ally Invest or HYCM a better online broker?

First of all, we’ll compare the commission fees of the two brokers. Ally Invest has a commission fee of $4.95, and HYCM has a commission fee of spreads vary. For trading in Forex, the commission fee of Ally Invest is 0, while the commission fee of HYCM is spreads from 0.2 pips. 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 Ally Invest provides customers with Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Robo Advisor, and HYCM provides customers with Stocks Trading, Forex Trading, Crypto Trading. Concerning the platforms, Ally Invest uses Web Platform, Android App, iOS App, while HYCM uses 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. Ally Invest was founded in 2005 in United States, and it is regulated by CFTC, NFA. And HYCM was founded in 1977 in United Kingdom, and it is regulated by FCA, CySEC, CIMA. Withdrawal of funds from Ally Invest can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of $0. And HYCM provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of free. The withdrawal time for Ally Invest is 3-5 days, and that one for HYCM is 1 - 7 business days.

As a result, the rating of Ally Invest is 3.7 stars versus that of HYCM of 4.8 stars.

Overall Rating

 
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
 
Ally Invest
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
HYCM
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education

Fees

Fees
Stock
ETFs
Options
Mutual Funds
Bonds
Forex Spreads
CFDs
Metals
Cryptocurrency
Ally Invest
Stock
$4.95
ETFs
$4.95
Options
$4.95 + $0.65 per contract
Mutual Funds
$9.95
Bonds
$1 per bond
Forex Spreads
0
CFDs
N/A
Metals
N/A
Cryptocurrency
N/A
HYCM
Stock
Spreads vary
ETFs
N/A
Options
N/A
Mutual Funds
N/A
Bonds
N/A
Forex Spreads
Spreads from 0.2 pips
CFDs
Spreads from 4 pips
Metals
Spreads from 30 pips
Cryptocurrency
Spreads at 70 pips

Types of trading

Types of trading
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Forex Trading
Futures Trading
Crypto Trading
Robo Advisor
Ally Invest
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Forex Trading
Futures Trading
Crypto Trading
Robo Advisor
HYCM
Stocks Trading
Penny Stocks Trading
Options Trading
ETFs Trading
Mutual Funds Trading
Bonds Trading
Forex Trading
Futures Trading
Crypto Trading
Robo Advisor

Platforms

Platforms
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
MT4
Ally Invest
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
MT4
HYCM
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
MT4

Tools

Tools
Research & Analysis
Education
Demo account
Ally Invest
Research & Analysis
Education
Demo account
HYCM
Research & Analysis
Education
Demo account

Mobile App

Mobile App
Android App
iOS App
Ally Invest
Android App
iOS App
HYCM
Android App
iOS App

Deposits

Deposits
Minimum deposit
Bank Wire
Visa/Mastercard
Ally Invest
Minimum deposit
$0
Bank Wire
Visa/Mastercard
HYCM
Minimum deposit
$100
Bank Wire
Visa/Mastercard

Withdrawals

Withdrawals
Bank Wire
Visa/Mastercard
Withdrawal Time
Withdrawal Fee
Ally Invest
Bank Wire
Visa/Mastercard
Withdrawal Time
3-5 days
Withdrawal Fee
$0
HYCM
Bank Wire
Visa/Mastercard
Withdrawal Time
1 - 7 business days
Withdrawal Fee
Free

Security & Fairness

Security & Fairness
Сountry of Origin
Year Founded
Regulated By
Ally Invest
Сountry of Origin
United States
Year Founded
2005
Regulated By
CFTC, NFA
HYCM
Сountry of Origin
United Kingdom
Year Founded
1977
Regulated By
FCA, CySEC, CIMA

Customer Service

Customer Service
Phone
Email
Live Chat
 
Ally Invest
Phone
1-855-880-2559
Email
support@ally.invest.com
Live Chat
Yes
HYCM
Phone
+442088167812
Email
support@hycm.com
Live Chat
Yes

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