Comparison AvaTrade vs HYCM
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare AvaTrade vs HYCM. Which of them: AvaTrade or HYCM a better online broker?
First of all, we’ll compare the commission fees of the two brokers. AvaTrade has a commission fee of average 0.13%, and HYCM has a commission fee of spreads vary. Now, let’s compare commission fees in Forex, the commission fee of AvaTrade is from 1.3 pips, and the commission fee of HYCM is spreads from 0.2 pips. We can also analyze commission fees for trading CFD: they are from 0.13% in AvaTrade vs spreads from 4 pips in HYCM. And for summarizing a complete picture, we should see trading in the metal market, where these brikers provide the following commissions: from 0.4pips and spreads from 30 pips for AvaTrade and HYCM, respectively. 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, Options Trading, ETFs Trading, Bonds Trading, Forex Trading, Crypto Trading, Robo Advisor are provided to customers by AvaTrade and Stocks Trading, Forex Trading, Crypto Trading are provided by HYCM. As for platforms, AvaTrade 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. AvaTrade was founded in 2006 in Ireland, and it is regulated by Central Bank of Ireland. And HYCM was founded in 1977 in United Kingdom, and it is regulated by FCA, CySEC, CIMA. Withdrawal of funds from AvaTrade can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of free. And HYCM provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of free. The withdrawal time for AvaTrade is 1 - 2 business days, and that one for HYCM is 1 - 7 business days.
As a result, the rating of AvaTrade is 4.8 stars versus that of HYCM of 4.8 stars.