Comparison HYCM vs Merrill Edge
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare HYCM vs Merrill Edge. Which of them: HYCM or Merrill Edge 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 Merrill Edge has a commission fee of $6.95. You can read more detailed information on commission fees in the online broker reviews.
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, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading are provided by Merrill Edge. As for platforms, HYCM offers Desktop Platform (Windows), Desktop Platform (MacOS), MT4, Android App, iOS App, while Merrill Edge offers 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 Merrill Edge was established in 2010 in USA, and it is regulated by SEC, FINRA. Withdrawal of funds from HYCM can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of free. And Merrill Edge provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of $0 (Visa Debit Card). The withdrawal time for HYCM is 1 - 7 business days, and that one for Merrill Edge is immediate (Bank Wire).
Overall, HYCM boasts 4.8 stars versus Merrill Edge 4.1 stars.