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Comparison AroTrade vs HYCM
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare AroTrade vs HYCM. Which of them: AroTrade or HYCM a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. Now, let’s compare commission fees in Forex, the commission fee of AroTrade is fixed at 3 pips, and the commission fee of HYCM is spreads from 0.2 pips. We can also analyze commission fees for trading CFD: they are $20 per month + profit clearance fee in AroTrade vs spreads from 4 pips in HYCM. You can read more detailed information on commission fees in the online broker reviews.
It is important for investors to know what types of online trading broker supports and what tools they can use for trading. Let’s compare them. Stocks Trading, Forex Trading, Crypto Trading are provided to customers by AroTrade and Stocks Trading, Forex Trading, Crypto Trading are provided by HYCM. Concerning the platforms, AroTrade uses Desktop Platform (Windows), Desktop Platform (MacOS), Android App, iOS App, while HYCM uses Desktop Platform (Windows), Desktop Platform (MacOS), MT4, Android App, iOS App.
Finally, by comparing the two online brokers, we want to pay attention to the year and country of establishing, the regulatory authorities and the possibility of withdrawing funds. AroTrade was founded in 2018 in Belize, and it is regulated by IFSC. And HYCM was founded in 1977 in United Kingdom, and it is regulated by FCA, CySEC, CIMA. We can withdraw funds from AroTrade with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $50 - $100. 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 AroTrade is 3 - 4 business days, and that one in HYCM is 1 - 7 business days.
Overall, AroTrade boasts 4.1 stars versus HYCM 4.8 stars.