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Comparison Charles Schwab vs HYCM
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares Charles Schwab vs HYCM. Is Charles Schwab or HYCM a better online broker?
First of all, we’ll compare the commission fees of the two brokers. The commission fee of Charles Schwab on regular transactions of the stock exchange is $4.95, and HYCM has a commission fee of spreads vary. 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, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Robo Advisor are provided to customers by Charles Schwab and Stocks Trading, Forex Trading, Crypto Trading are provided by HYCM. As for platforms, Charles Schwab offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, 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. Charles Schwab was founded in 1973 in United States, and it is regulated by SIPC. And HYCM was founded in 1977 in United Kingdom, and it is regulated by FCA, CySEC, CIMA. We can withdraw funds from Charles Schwab with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $0. 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 Charles Schwab is 5 days, and that one in HYCM is 1 - 7 business days.
As a result, the rating of Charles Schwab is 4.1 stars versus that of HYCM of 4.8 stars.