Compare Plus500 Vs HYCM: Which is the Better Forex Broker in 2024?
Plus500 Vs HYCM, 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 Plus500 Vs HYCM, here is the direct comparison:
Compare | Plus500 | HYCM |
General Rating |
1.00/5 |
2.08/5 |
Score | ||
Trustpilot |
3.5/5 1407 users |
3.9/5 184 users |
πΌ Regulation | ||
β Info | ||
β Established | 2008 | 1977 |
π² Min Deposit | $100 | $100 |
β Max Leverage | 1:300 | 1:325 |
π’ Spread | Fixed | Fixed |
πΈ Commissions | $4 | |
π‘ Min Position | 0.005 lot | 0.01 lot |
π³ Payment | PayPal, Skrill, Wire transfer, Credit/debit cards, BPAY, iDEAL, SOFORT, giropay and Przelewy24 | WebMoney, Skrill, Wire transfer, Credit/debit cards, Neteller, Perfect Money and Crypto |
π’ Office(s) |
𧩠Demo Account | ||
π Segregated Account | ||
π Islamic Account | ||
π¨βπ» PAMM Account | ||
π Managed Account |
π± Hedging | ||
πΊπΈ US traders | ||
π Swaps |
π Trading contests | ||
β‘ Automated trading | ||
π° Bonus offers | ||
π Free education |
1οΈβ£ One-click trading | ||
β± Trailing stop | ||
β³ Pending orders |
Forex | ||
CFD | ||
Indexes | ||
Spread Betting | ||
Gold & Silver | ||
Crypto | ||
Stocks | ||
Oil | ||
Metals | ||
Energies | ||
Futures | ||
ETF | ||
Options | ||
Agriculture | ||
Silver | ||
Index | ||
Indices | ||
Commodities | ||
Etf | ||
Bonds | ||
Stock | ||
Binary Options | ||
ETFs | ||
Corporate Stocks | ||
Shares | ||
Stocks 1:5 | ||
Physical Stock |
π£ Website Languages | Arabic, Bulgarian, Czech, Danish, German, Greek, English, Spanish, Estonian, Finnish, French, Croatian, Hungarian, Icelandic, Italian, Hebrew, Japanese, Korean, Lithuanian, Latvian/Lettish, Malay, Mal | Arabic, Russian, Chinese |
πͺ Trade Now | Open Plus500 | Open HYCM |
Compare Again
Testimonials
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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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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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See More Plus500 Testimonials
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See More HYCM Testimonials
News
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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
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Plus500 Extends Partnership with BSC Young Boys
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See More Related Plus500 News
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See More Related HYCM News
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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, Plus500 provides their pricing with Fixed spread while HYCM offers Fixed spread.
Plus500 vs HYCM: 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, Plus500 enables trading with Plus500 Windows Trader, Plus500 WebTrader. The offer is supported with Trailing stop, Pending orders. In comparison, HYCM provides trading with MetaTrader 4, MetaTrader 5 with the support of One-click trading, Trailing stop, Pending orders.
Is Plus500 or HYCM 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, Plus500 supports trading with Forex, Gold & silver, CFD, Oil, Stocks, Options, Indexes, Metals, Energies, ETF, Spread betting, Crypto, while HYCM presents the ability of trading with Forex, Crypto, Stocks, Indexes, Soft commodities, Metals, Energies.
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.
Looking for more references? Here are other comparisons related to Plus500 and HYCM:
- Compare Plus500 vs LiteFinance
- Compare Plus500 vs JustMarkets
- Compare Plus500 vs Grand Capital
- Compare HYCM vs Forex4You
- Compare HYCM vs FBS
- Compare HYCM vs GOMarkets
For more comparisons, visit this page.