Compare HYCM Vs Plus500: Which is the Better Forex Broker in 2024?
HYCM Vs Plus500, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between HYCM Vs Plus500, here is the direct comparison:
Feature | HYCM | Plus500 |
General Rating |
2.06/5 |
1.00/5 |
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Score | 60 | 57 | |
Trustpilot |
3.7/5 185 users |
3.5/5 1407 users |
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💼 Regulation | |||
❗Info | |||
⌛ Established | 1977 | 2008 | |
💲 Min Deposit | $100 | $100 | |
⚖ Max Leverage | 1:325 | 1:300 | |
🔢 Spread | Fixed | Fixed | |
💸 Commissions | $4 | ||
💡 Min Position | 0.01 lot | 0.005 lot |
💳 Payment | WebMoney, Skrill, Wire transfer, Credit/debit cards, Neteller, Perfect Money and Crypto | PayPal, Skrill, Wire transfer, Credit/debit cards, BPAY, iDEAL, SOFORT, giropay and Przelewy24 | |
🏢 Office(s) |
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🧩 Demo Account | |||
📁 Segregated Account | |||
🕋 Islamic Account | |||
👨💻 PAMM Account | |||
📈 Managed Account | |||
LAMM Account | |||
MAM Account |
💱 Hedging | |||
🇺🇸 US traders | |||
📫 Requires sending documents via postal mail | |||
🕛 Swaps | |||
☎️ Trading by telephone |
🏆 Trading contests | |||
⚡ Automated trading | |||
💰 Bonus offers | |||
📖 Free education | |||
👔 Affiliate program |
1️⃣ One-click trading | |||
⏱ Trailing stop | |||
⏳ Pending orders |
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🗣 Website Languages | Arabic, Russian, Chinese | Arabic, Bulgarian, Czech, Danish, German, Greek, English, Spanish, Estonian, Finnish, French, Croatian, Hungarian, Icelandic, Italian, Hebrew, Japanese, Korean, Lithuanian, Latvian/Lettish, Malay, Mal |
🚪 Trade Now | Open HYCM | Open Plus500 |
Testimonials
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HYCM: HYCM has consistently demonstrated reliability and trustworthiness
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HYCM: HYCM is a trading broker that exceeded my expectations
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HYCM: Happy to find these incredible guys
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HYCM: Can't tell how pleased I am
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HYCM: Accounts
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HYCM: HYCM has consistently demonstrated reliability and trustworthiness
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HYCM: HYCM is a trading broker that exceeded my expectations
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HYCM: Happy to find these incredible guys
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HYCM: Can't tell how pleased I am
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HYCM: Accounts
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Plus500: There's no problem actually with their deposit process, but need...
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Plus500: They have a simple program. As a newbie in the...
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Plus500: For my 1st experience with broker, Plus500 have a very...
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Plus500: Plus500 don't like it if their trader makes a lot...
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Plus500: For almost 4 weeks they prevent me to withdraw my...
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HYCM: HYCM has consistently demonstrated reliability and trustworthiness
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See More HYCM Testimonials
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See More Plus500 Testimonials
News
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HYCM Europe Stops Accepting EU Clients After Renouncing CIF License
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Plus500 Expands in Israel: Bigger HQ and More Jobs
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Plus500 Boosts Shareholder Value with $100 Million Share Buyback
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HYCM Under New Management: Longtime Executives Lead Management Buyout
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Forex Broker Plus500 Surpasses Expectations with $725M in Revenues
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Plus500 Expands to US Futures Market with FIA Membership
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Plus500's Efforts to Maintain The Title of Best Broker
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Plus500's Anne Grim Steps Down From Her Position
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HYCM Unveils Dominic Poynter as CMO to Drive Strategic Marketing Vision
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Plus500 Will Hold an EGM to Authorize Share Buybacks
Articles
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- Comparison List
Which one has the better spread?
Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.
However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, HYCM provides their pricing with Fixed spread while Plus500 offers Fixed spread.
HYCM vs Plus500: Who hosts the best trading platform?
The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.
To support their clients, HYCM enables trading with MetaTrader 4, MetaTrader 5. The offer is supported with One-click trading, Trailing stop, Pending orders. In comparison, Plus500 provides trading with Plus500 Windows Trader, Plus500 WebTrader with the support of Trailing stop, Pending orders.
Is HYCM or Plus500 better in providing the trading instruments?
It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.
In this case, HYCM supports trading with Forex, Crypto, Stocks, Indexes, Soft commodities, Metals, Energies, while Plus500 presents the ability of trading with Forex, Gold & silver, CFD, Oil, Stocks, Options, Indexes, Metals, Energies, ETF, Spread betting, Crypto.
In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.
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For more comparisons, visit this page.