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Comparison HYCM vs Zacks Trade
A dozen different brokers were comparatively assessed on InvestorGreg.net, and the best online trading brokers were found. Here, we compare HYCM vs Zacks Trade. Which of them: HYCM or Zacks Trade a better online broker?
Firstly, let’s compare commission fees provided by these brokers for regular transactions. The commission fee of HYCM on regular transactions of the stock exchange is spreads vary, and Zacks Trade has a commission fee of $0.01 per share with $1 minimum or 1% of trade value if <$1 per share. For trading in Forex, the commission fee of HYCM is spreads from 0.2 pips, while the commission fee of Zacks Trade is -. When analyzing commission fees in CFD: HYCM provides spreads from 4 pips, and Zacks Trade provides -. And for summarizing a complete picture, we should see trading in the metal market, where these brikers provide the following commissions: spreads from 30 pips and - for HYCM and Zacks Trade, respectively. 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 Zacks Trade provides customers with Stocks Trading, Penny Stocks Trading, Options Trading, ETFs Trading, Mutual Funds Trading, Bonds Trading. Concerning the platforms, HYCM uses Desktop Platform (Windows), Desktop Platform (MacOS), MT4, Android App, iOS App, while Zacks Trade uses Desktop Platform (Windows), Desktop Platform (MacOS), 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 Zacks Trade was founded in Original company 1978, online brokerage 2008 in United States, and it is regulated by SEC, FINRA, SIPC. We can withdraw funds from HYCM with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is free. And Zacks Trade provides the ability to withdraw funds with the help of Bank Wire, and its withdrawal fee is 1 withdrawal free monthly. The time for withdrawal in HYCM is 1 - 7 business days, and that one in Zacks Trade is 4-7 working days.
Overall, HYCM boasts 4.8 stars versus Zacks Trade 4 stars.