Comparison Firstrade vs HYCM
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare Firstrade vs HYCM. Which of them: Firstrade or HYCM a better online broker?
First of all, we’ll compare the commission fees of the two brokers. Firstrade has a commission fee of $0, and HYCM has a commission fee of spreads vary. The full online broker reviews contains more detailed information on the brokers’ commission fees.
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, Mutual Funds Trading, Bonds Trading are provided to customers by Firstrade and Stocks Trading, Forex Trading, Crypto Trading are provided by HYCM. As for platforms, Firstrade 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.
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. Firstrade was established in 1985 in United States, and it is regulated by SEC and FINRA. And HYCM was established in 1977 in United Kingdom, and it is regulated by FCA, CySEC, CIMA. Withdrawal of funds from Firstrade can be done using Bank Wire with a withdrawal fee of $30 domestic US, $50 international. And HYCM provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of free. The time for withdrawal in Firstrade is 2-3 business days, and that one in HYCM is 1 - 7 business days.
Overall, Firstrade boasts 3.9 stars versus HYCM 4.8 stars.