This contrast guide helps users who have a hard time to pick between Plus500 and HYCM to discover the best online broker for their trading and financial investment demands. It examines the highlights of the two brokers side by side to help customers contrast their service and make a notified decision.
To assist users choose the best broker between Plus500 and HYCM to find the best-suited platform, listed below is a listing of broker’s benefits and drawbacks, followed by a comparison of their major trading features, including trading systems & tools, costs, mobile trading, down payment & withdrawal, properties, law, and customer support.
Plus500 vs. HYCM: Summary
Plus500 is a reputable CFD online broker licensed by the DFSA. They offer access to a wide range of assets including 2,800 CFDs on stocks & ETFs, cryptos, futures, forex, commodities, and indices. The Plus500 trading platform offers basic trading tools including Technical analysis charts, real-time quotes, quick buy and sell options from the same window and 3 order different types (market, limit stop order).
Plus500 trading fees are average compared to similar forex and CFD brokers. They charge an average spread of 0.8 pips (EUR/USD) without any commission. Plus500 charges non trading fees in the form of overnight fees, currency conversion fees, guaranteed stop order fees, and inactivity fees.
Plus500’s customer service is available 24/7 (even during the weekends and holidays) by phone, email, WhatsApp, and live chat.
HYCM (Hen Yep Capital Markets) is a Hong Kong-based publicly traded forex broker and market maker founded in 1977. It has local branches in the United Kingdom, Cyprus, and Dubai and is regulated by the FCA, CySEC, and CIMA.
HYCM clients can trade more than 300 currencies, commodities, precious metals, shares, and indices with up to 500:1 leverage (on professional accounts) with fixed spreads starting as low as 0,1 pip. Trading techniques and strategies like hedging, scalping, and copy trading are allowed, as are automated trading software like Expert Advisors.
Users can open 3 different account types, including the Fixed, Classic, and Raw accounts. The minimum deposit requirement across all accounts is $20, and users can access MetaTrader 4, 5, and the proprietary HYCM Trader trading platforms.
Pros
- Low minimum deposit ($100)
- Competitive spread of 0.8 pips EUR/USD
- Multiple order types and technical indicators
- Excellent customer service
- Negative balance protection
- Intuitive mobile trading app
Cons
- Relatively high fees compared to other brokers
- Limited markets
- Limited charting tools and features
Pros
Cons
Key features
- Access to 3,000 CFDs
- Beginner-friendly trading platform and mobile app
- Low, floating spreads from 0.8 pips EUR/USD
- Advanced (conditional) order types available such as GSOs and TSOs
- Free unlimited demo paper trading account
- Fast account opening
Key features
- Fixed and variable spreads available
- Supports Experts Advisors, MetaTrader 4, 5, and copy trading
- 25+ global awards
- Negative balance protection
- Clients funds kept in Tier-1 banks
- Access to forex calculators and an economic calendar
Plus500 vs. HYCM Comparison
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Plus500
HYCM
BROKER COMPARISON
Trading Platform & Tools
| Automated Trading | ||
| Charting Tools | ||
| Conditional Orders | ||
| cTrader | ||
| Demo Account | ||
| Desktop Platform | ||
| Max Leverage | 1:30 | 1:500 |
| MetaTrader 4 (MT4) | ||
| MetaTrader 5 (MT5) | ||
| Mobile Version | ||
| Mutual Fund Management | ||
| Proprietary Platform | ||
| Social/Copy Trading | ||
| Trading Alerts | ||
| Trading signals | ||
| Watchlist | ||
| Web Version |
Fees
| Withdrawal Fee | 0 | 0 |
| Deposit Fee | 0 | 0 |
| Inactivity Fee | $10 | |
| Cost Per Trade | 0 | 0 |
| Cost Per Month | 0 | $10 |
| Forex (EUR/USD) | 0.8 pips | 0.1 pips |
| Stocks & ETF | 0 | 0 |
| CFD (Gold) | 7.2 pips | 2.5 pips |
| Crypto | 0 | 0 |
| Options | 0 | 0 |
| Conversion Fees | 0 | |
| Misc. Fees | 0 | |
| Overnight Fees |
Deposit & Withdrawal
| Minimum deposit (in UAE) | $100 | $20 |
| Bank Wire | ||
| Credit/Debit Card | ||
| Cash | ||
| Check | ||
| Islamic Account Transfer | ||
| E-payments | ||
| Paypal | ||
| Skrill | ||
| Neteller |
Assets
| Shares | 0 | 0 |
| ETF & Funds | 0 | 0 |
| Crypto | 0 | 0 |
| Commodities | 0 | 0 |
| Indices | 0 | 0 |
| Options | 0 | 0 |
| Futures | 0 | 0 |
| Bonds | 0 | 0 |
| Forex Instruments | 60 | 70 |
| CFD Indices & Funds | 430 | 48 |
| CFD Stocks | 1000 | 65 |
| CFD Commodities | 22 | 17 |
| CFD Crypto | 0 | 64 |
| CFD Bonds | 0 | 0 |
| Binary Options | 0 | 0 |
| SWAPS | 0 | 0 |
| Saving Plans | 0 | 0 |
Research & Education
| Webinars | ||
| Educational Resources | ||
| Daily News Updates | ||
| Market Indepth Analysis | ||
| Pers. Training & Room | ||
| Market Research |
Customer Support
| Phone | ||
| Live Chat | ||
| 24/7 support | ||
| Multilingual | ||
| Personal Account Manager |
Winner
Plus500 vs. HYCM Comparison Conclusion
The outcomes of our comparison of Plus500 vs. HYCM are involved the table below.
| Broker: | Best For: |
| Plus500 | CFD trading and investing |
| HYCM |
Selecting the right option between Plus500 and HYCM can be difficult. Both online brokers have resemblances yet differ concerning trading instruments, systems & apps, policy, deposit & withdrawals, and study and education and learning. Selecting the most effective broker depends upon customers’ trading & financial investment objectives, private choices, and experience level.
To make a better-informed decision, users can read our detailed broker reviews, comparison or use our broker selector to help them find the ideal broker.