Comparison HYCM vs Interactive Brokers

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

First of all, we’ll compare the commission fees of the two brokers. HYCM has a commission fee of spreads vary, and Interactive Brokers has a commission fee of $0.005. For trading in Forex, the commission fee of HYCM is spreads from 0.2 pips, while the commission fee of Interactive Brokers is 0.20 basis points. For a more complete picture, let’s consider trading in the metal market, where HYCM and Interactive Brokers have commission fees of spreads from 30 pips and 0.15 basis points, respectively. You can read more detailed information on commission fees in the online broker reviews.

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 HYCM provides customers with Stocks Trading, Forex Trading, Crypto Trading, and Interactive Brokers provides customers with Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading, Forex Trading, Futures Trading, Crypto Trading, Robo Advisor. As for platforms, HYCM offers Desktop Platform (Windows), Desktop Platform (MacOS), MT4, Android App, iOS App, while Interactive Brokers offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, 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. HYCM was established in 1977 in United Kingdom, and it is regulated by FCA, CySEC, CIMA. And Interactive Brokers was established in 1978 in United States, and it is regulated by NYSE, FINRA, SIPC. Withdrawal of funds from HYCM can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of free. And Interactive Brokers provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of $0. The withdrawal time for HYCM is 1 - 7 business days, and that one for Interactive Brokers is 3-5 days.

Overall, HYCM boasts 4.8 stars versus Interactive Brokers 4.1 stars.