Comparison CMC Markets vs HYCM
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares CMC Markets vs HYCM. Is CMC Markets or HYCM a better online broker?
First of all, we’ll compare the commission fees of the two brokers. CMC Markets has a commission fee of 0.08% commission, and HYCM has a commission fee of spreads vary. For trading in Forex, the commission fee of CMC Markets is from 0.7 pips, while the commission fee of HYCM is spreads from 0.2 pips. When analyzing commission fees in CFD: CMC Markets provides 0.08% commission, and HYCM provides spreads from 4 pips. For a more complete picture, let’s consider trading in the metal market, where CMC Markets and HYCM have commission fees of from 0.3 pips and spreads from 30 pips, respectively. 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 CMC Markets provides customers with Stocks Trading, ETFs Trading, Forex Trading, and HYCM provides customers with Stocks Trading, Forex Trading, Crypto Trading. Concerning the platforms, CMC Markets uses Web Platform, 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. CMC Markets was founded in 1987 in United Kingdom, and it is regulated by FCA, ASIC, CFTC. And HYCM was founded in 1977 in United Kingdom, and it is regulated by FCA, CySEC, CIMA. We can withdraw funds from CMC Markets with the help of Bank Wire, and its withdrawal fee is free. 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 CMC Markets is 1 - 2 business days, and that one in HYCM is 1 - 7 business days.
As a result, the rating of CMC Markets is 4.8 stars versus that of HYCM of 4.8 stars.