Comparison HYCM vs IronFX
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare HYCM vs IronFX. Which of them: HYCM or IronFX a better online broker?
First of all, we’ll compare the commission fees of the two brokers. The commission fee of HYCM on regular transactions of the stock exchange is spreads vary, and IronFX has a commission fee of spreads from 0.3 pips, commissions of 0.10%. Now, let’s compare commission fees in Forex, the commission fee of HYCM is spreads from 0.2 pips, and the commission fee of IronFX is from 0.5 pips. And for summarizing a complete picture, we should see trading in the metal market, where these brikers provide the following commissions: spreads from 30 pips and spreads from 0.04 pips for HYCM and IronFX, 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, Forex Trading, Futures Trading, Crypto Trading are provided by IronFX. As for platforms, HYCM offers Desktop Platform (Windows), Desktop Platform (MacOS), MT4, Android App, iOS App, while IronFX offers Desktop Platform (Windows), Desktop Platform (MacOS), Web Platform, 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. HYCM was founded in 1977 in United Kingdom, and it is regulated by FCA, CySEC, CIMA. And IronFX was founded in 2010 in Cyprus, and it is regulated by FCA, ASIC, CySEC, FSB. We can withdraw funds from HYCM with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is free. And IronFX provides the ability to withdraw funds with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is free. The time for withdrawal in HYCM is 1 - 7 business days, and that one in IronFX is 1 - 5 business days.
As a result, the rating of HYCM is 4.8 stars versus that of IronFX of 4.8 stars.