Comparison HYCM vs Plus500
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare HYCM vs Plus500. Which of them: HYCM or Plus500 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 Plus500 has a commission fee of from 0.45%. Now, let’s compare commission fees in Forex, the commission fee of HYCM is spreads from 0.2 pips, and the commission fee of Plus500 is from 0.6 pips. We can also analyze commission fees for trading CFD: they are spreads from 4 pips in HYCM vs from 0.065% in Plus500. For a more complete picture, let’s consider trading in the metal market, where HYCM and Plus500 have commission fees of spreads from 30 pips and from 0.03%, respectively. 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, Options Trading, ETFs Trading, Forex Trading, Futures Trading, Crypto Trading are provided by Plus500. As for platforms, HYCM offers Desktop Platform (Windows), Desktop Platform (MacOS), MT4, Android App, iOS App, while Plus500 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 Plus500 was established in 2008 in Israel, and it is regulated by FCA, CySEC, FSCA, FMA, MAS, ISA, ASIC. We can withdraw funds from HYCM with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is free. And Plus500 provides the ability to withdraw funds with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is £0. The time for withdrawal in HYCM is 1 - 7 business days, and that one in Plus500 is 1-2 working days.
As a result, the rating of HYCM is 4.8 stars versus that of Plus500 of 4 stars.