Comparison HYCM vs IQ Option
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare HYCM vs IQ Option. Which of them: HYCM or IQ Option a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. HYCM has a commission fee of spreads vary, and IQ Option has a commission fee of from 0.16%. Now, let’s compare commission fees in Forex, the commission fee of HYCM is spreads from 0.2 pips, and the commission fee of IQ Option is from 0.03%. We can also analyze commission fees for trading CFD: they are spreads from 4 pips in HYCM vs from 0.16% in IQ Option. For a more complete picture, let’s consider trading in the metal market, where HYCM and IQ Option have commission fees of spreads from 30 pips and from 0.093%, respectively. 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, Forex Trading, Crypto Trading are provided to customers by HYCM and Stocks Trading, Options Trading, ETFs Trading, Forex Trading, Crypto Trading are provided by IQ Option. As for platforms, HYCM offers Desktop Platform (Windows), Desktop Platform (MacOS), MT4, Android App, iOS App, while IQ Option offers Web Platform, 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. HYCM was established in 1977 in United Kingdom, and it is regulated by FCA, CySEC, CIMA. And IQ Option was established in 2013 in Seychelles, and it is regulated by Not Regulated. Withdrawal of funds from HYCM can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of free. And IQ Option provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of free. The time for withdrawal in HYCM is 1 - 7 business days, and that one in IQ Option is within 1 business day.
Overall, HYCM boasts 4.8 stars versus IQ Option 3.9 stars.