Comparison HYCM vs Trading 212
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare HYCM vs Trading 212. Which of them: HYCM or Trading 212 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 Trading 212 has a commission fee of 0. Now, let’s compare commission fees in Forex, the commission fee of HYCM is spreads from 0.2 pips, and the commission fee of Trading 212 is 0.8 average spread for EUR/USD. We can also analyze commission fees for trading CFD: they are spreads from 4 pips in HYCM vs fees built into spreads in Trading 212. The full online broker reviews contains more detailed information on the brokers’ commission fees.
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 Trading 212 provides customers with Stocks Trading, ETFs Trading, Forex Trading. As for platforms, HYCM offers Desktop Platform (Windows), Desktop Platform (MacOS), MT4, Android App, iOS App, while Trading 212 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 Trading 212 was established in 2004 in Bulgaria, and it is regulated by FCA, FSC. Withdrawal of funds from HYCM can be done using Bank Wire, Visa/Mastercard with a withdrawal fee of free. And Trading 212 provides the ability to withdraw funds using Bank Wire, Visa/Mastercard with a withdrawal fee of 0. The time for withdrawal in HYCM is 1 - 7 business days, and that one in Trading 212 is 0-5 days.
As a result, the rating of HYCM is 4.8 stars versus that of Trading 212 of 4.3 stars.