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Comparison Binomo vs HYCM
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Binomo vs HYCM. Is Binomo or HYCM a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. 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. Options Trading are provided to customers by Binomo and Stocks Trading, Forex Trading, Crypto Trading are provided by HYCM. Concerning the platforms, Binomo 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. Binomo was established in 2014 in Seychelles, and it is regulated by International Financial Commission. And HYCM was established in 1977 in United Kingdom, and it is regulated by FCA, CySEC, CIMA. Withdrawal of funds from Binomo can be done using Bank Wire, Visa/Mastercard, Cryptocurrency 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 Binomo is within 3 business days, and that one for HYCM is 1 - 7 business days.
As a result, the rating of Binomo is 3.9 stars versus that of HYCM of 4.8 stars.