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Comparison HYCM vs Olymp Trade
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare HYCM vs Olymp Trade. Which of them: HYCM or Olymp Trade a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. 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 Olymp Trade provides customers with Options Trading. Concerning the platforms, HYCM uses Desktop Platform (Windows), Desktop Platform (MacOS), MT4, Android App, iOS App, while Olymp Trade uses 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 founded in 1977 in United Kingdom, and it is regulated by FCA, CySEC, CIMA. And Olymp Trade was founded in 2014 in St. Vincent and the Grenadines, and it is regulated by Not Regulated. We can withdraw funds from HYCM with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is free. And Olymp Trade provides the ability to withdraw funds with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is free. The withdrawal time for HYCM is 1 - 7 business days, and that one for Olymp Trade is 1 - 5 business days.
As a result, the rating of HYCM is 4.8 stars versus that of Olymp Trade of 4 stars.