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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.

Overall Rating

 
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
 
HYCM
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education
IQ Option
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education

Fees

Fees
Stock
ETFs
Options
Forex Spreads
CFDs
Metals
Cryptocurrency
HYCM
Stock
Spreads vary
ETFs
N/A
Options
N/A
Forex Spreads
Spreads from 0.2 pips
CFDs
Spreads from 4 pips
Metals
Spreads from 30 pips
Cryptocurrency
Spreads at 70 pips
IQ Option
Stock
From 0.16%
ETFs
From 0.018%
Options
From 0.035%
Forex Spreads
From 0.03%
CFDs
From 0.16%
Metals
From 0.093%
Cryptocurrency
From 0.064%

Types of trading

Types of trading
Stocks Trading
Options Trading
ETFs Trading
Forex Trading
Crypto Trading
HYCM
Stocks Trading
Options Trading
ETFs Trading
Forex Trading
Crypto Trading
IQ Option
Stocks Trading
Options Trading
ETFs Trading
Forex Trading
Crypto Trading

Platforms

Platforms
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
MT4
HYCM
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
MT4
IQ Option
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
MT4

Tools

Tools
Research & Analysis
Education
Demo account
HYCM
Research & Analysis
Education
Demo account
IQ Option
Research & Analysis
Education
Demo account

Mobile App

Mobile App
Android App
iOS App
HYCM
Android App
iOS App
IQ Option
Android App
iOS App

Deposits

Deposits
Minimum deposit
Bank Wire
Visa/Mastercard
PayPal
Cryptocurrency
HYCM
Minimum deposit
$100
Bank Wire
Visa/Mastercard
PayPal
Cryptocurrency
IQ Option
Minimum deposit
$10
Bank Wire
Visa/Mastercard
PayPal
Cryptocurrency

Withdrawals

Withdrawals
Bank Wire
Visa/Mastercard
Withdrawal Time
Withdrawal Fee
HYCM
Bank Wire
Visa/Mastercard
Withdrawal Time
1 - 7 business days
Withdrawal Fee
Free
IQ Option
Bank Wire
Visa/Mastercard
Withdrawal Time
Within 1 business day
Withdrawal Fee
Free

Security & Fairness

Security & Fairness
Сountry of Origin
Year Founded
Regulated By
HYCM
Сountry of Origin
United Kingdom
Year Founded
1977
Regulated By
FCA, CySEC, CIMA
IQ Option
Сountry of Origin
Seychelles
Year Founded
2013
Regulated By
Not Regulated

Customer Service

Customer Service
Phone
Email
Live Chat
 
HYCM
Phone
+442088167812
Email
support@hycm.com
Live Chat
Yes
IQ Option
Phone
+44 20 8068 0760
Email
support@iqoption.com
Live Chat
Yes

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