Comparison HYCM vs Robinhood
The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares HYCM vs Robinhood. Is HYCM or Robinhood 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 Robinhood has a commission fee of commission-free. 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 Robinhood provides customers with Stocks Trading, Options Trading, ETFs Trading, Crypto Trading. As for platforms, HYCM offers Desktop Platform (Windows), Desktop Platform (MacOS), MT4, Android App, iOS App, while Robinhood 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 founded in 1977 in United Kingdom, and it is regulated by FCA, CySEC, CIMA. And Robinhood was founded in 2013 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 Robinhood provides the ability to withdraw funds using Bank Wire with a withdrawal fee of free. The withdrawal time for HYCM is 1 - 7 business days, and that one for Robinhood is 5 days trading holding period for uninvested funds.
Overall, HYCM boasts 4.8 stars versus Robinhood 3.4 stars.