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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.

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
Plus500
Overall
Products & Fees
Security
Tools
Desktop Experience
Mobile Experience
Banking
Customer Support
Education

Fees

Fees
Stock
ETFs
Options
Mutual Funds
Bonds
Forex Spreads
CFDs
Futures
Metals
Cryptocurrency
HYCM
Stock
Spreads vary
ETFs
N/A
Options
N/A
Mutual Funds
N/A
Bonds
N/A
Forex Spreads
Spreads from 0.2 pips
CFDs
Spreads from 4 pips
Futures
N/A
Metals
Spreads from 30 pips
Cryptocurrency
Spreads at 70 pips
Plus500
Stock
From 0.45%
ETFs
From £0
Options
From 2 pips
Mutual Funds
-
Bonds
-
Forex Spreads
From 0.6 pips
CFDs
From 0.065%
Futures
From 0.03%
Metals
From 0.03%
Cryptocurrency
From 0.47%

Types of trading

Types of trading
Stocks Trading
Options Trading
ETFs Trading
Forex Trading
Futures Trading
Crypto Trading
HYCM
Stocks Trading
Options Trading
ETFs Trading
Forex Trading
Futures Trading
Crypto Trading
Plus500
Stocks Trading
Options Trading
ETFs Trading
Forex Trading
Futures Trading
Crypto Trading

Platforms

Platforms
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
MT4
HYCM
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
MT4
Plus500
Desktop Platform (Windows)
Desktop Platform (MacOS)
Web Platform
MT4

Tools

Tools
Research & Analysis
Education
HYCM
Research & Analysis
Education
Plus500
Research & Analysis
Education

Mobile App

Mobile App
Android App
iOS App
HYCM
Android App
iOS App
Plus500
Android App
iOS App

Deposits

Deposits
Minimum deposit
Bank Wire
Visa/Mastercard
PayPal
HYCM
Minimum deposit
$100
Bank Wire
Visa/Mastercard
PayPal
Plus500
Minimum deposit
£100
Bank Wire
Visa/Mastercard
PayPal

Withdrawals

Withdrawals
Bank Wire
Visa/Mastercard
Withdrawal Time
Withdrawal Fee
HYCM
Bank Wire
Visa/Mastercard
Withdrawal Time
1 - 7 business days
Withdrawal Fee
Free
Plus500
Bank Wire
Visa/Mastercard
Withdrawal Time
1-2 working days
Withdrawal Fee
£0

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
Plus500
Сountry of Origin
Israel
Year Founded
2008
Regulated By
FCA, CySEC, FSCA, FMA, MAS, ISA, ASIC

Customer Service

Customer Service
Phone
Email
Live Chat
 
HYCM
Phone
+442088167812
Email
support@hycm.com
Live Chat
Yes
Plus500
Phone
-
Email
Yes
Live Chat
Yes

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