Comparison E*TRADE vs HYCM

A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare E*TRADE vs HYCM. Which of them: E*TRADE or HYCM a better online broker?

Firstly, let’s compare commission fees provided by these brokers for regular transactions. The commission fee of E*TRADE on regular transactions of the stock exchange is $6.95, and HYCM has a commission fee of spreads vary. And for summarizing a complete picture, we should see trading in the metal market, where these brikers provide the following commissions: $1.50 per contract and spreads from 30 pips for E*TRADE 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, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Futures Trading, Crypto Trading, Robo Advisor are provided to customers by E*TRADE and Stocks Trading, Forex Trading, Crypto Trading are provided by HYCM. As for platforms, E*TRADE 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. E*TRADE was established in 1982 in United States, and it is regulated by FINRA,. And HYCM was established in 1977 in United Kingdom, and it is regulated by FCA, CySEC, CIMA. Withdrawal of funds from E*TRADE can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of $0. And HYCM provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of free. The time for withdrawal in E*TRADE is 3 days, and that one in HYCM is 1 - 7 business days.

As a result, the rating of E*TRADE is 4.3 stars versus that of HYCM of 4.8 stars.