Interactive Brokers vs. HYCM

Page Summary

Interactive Brokers and Henyep Markets (HYCM) are top brokerage firms. Interactive Brokers is a safe broker with licenses from the FINMA, IIROC, FCA, MAS, FSA, SFC, and CFTC. It offers a proprietary platform and a premium app with a virtual trading account. This broker is an excellent choice for professionals because of its premium services. 

HYCM is a well-established MetaTrader broker with an expensive fee structure. We do not recommend it for active traders. It has limited research and education tools. HYCM is a good fit for new traders, as it has beginner trading videos and webinars. 

Both brokerage firms have strengths and weaknesses. This article discusses the differences between Interactive Brokers and HYCM. 

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Interactive Brokers

Interactive Brokers

Open account Read review

All trading involves risk. More than 80% of investors lose in spread bet and CFD trading. As these complex instruments allow for the use of leverage, there is a high risk of losing more money than you have deposited. Before attempting to participate in spread bets and CFDs, consider how well you understand them and if you can afford to lose your money.

HYCM logo

HYCM

Open account Read review

67% of retail CFD accounts lose money

BROKER COMPARISON

Interactive Brokers
HYCM logo

Overall rating

4,9/5

4,0/5

Overall rating

4,9/5

4,0/5

Trading Platform & Tools

4.9

3.9

See details
Automated Trading
Charting Tools
Conditional Orders
cTrader
Demo Account
Desktop Platform
Max Leverage 1:20 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

4.9

4.0

See details
Withdrawal Fee 0 0
Deposit Fee 1% 0
Inactivity Fee 0
Cost Per Trade 0 0
Cost Per Month 0 $10
Forex (EUR/USD) 0.2 pips + 0.08 to 0.20 bps times trade size comission 0.1 pips
Stocks & ETF $ 0.005 per share 0
CFD (Gold) 0.02% 2.5 pips
Crypto 0.12% to 0.18% of trade value 0
Options 0
Conversion Fees 0 0
Misc. Fees 0 0
Overnight Fees Yes on CFD’s

Mobile Trading

5.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.9

3.1

See details
Minimum deposit (in UAE) $0 $20
Bank Wire
Credit/Debit Card
Cash
Check YES from US bank account
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

4.9

2.0

See details
Shares 16.500 0
ETF & Funds 35.000 0
Crypto 4 0
Commodities 1 0
Indices 3052 0
Options 50.000 0
Futures 245 0
Bonds 1.000.000 0
Forex 115 70
CFD Indices & Funds 13 48
CFD Stocks 8.000 65
CFD Commodities 2 17
CFD Crypto 0 64
CFD Bonds 0 0
Binary Options 0 0
SWAPS 0 0
Saving Plans 0 0

Regulation

5.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

4.8

5.0

See details
Webinars
Educational Resources
Daily News Updates
Market Indepth Analysis
Pers. Training & Room
Market Research

Customer Support

4.9

4.0

See details
Email
Phone
Live Chat
24/7 support
Multilingual
Personal Account Manager

Winner

Top findings from the Interactive Brokers vs. HYCM review:  

  1. Interactive Brokers is a top online broker with professional tools and platforms. 
  2. HYCM is a premium broker with access to the full MetaTrader suite. 
  3. Both brokers offer premium services and a demo account to test their offering. 

Interactive Brokers is a good fit for professional investors because of its premium tools and services. We recommend HYCM to traders at all levels because of its tutorials and educational tools. 

Level of experience  

Professional and active traders prefer Interactive Brokers over HYCM. It offers robust research tools, including forex news and Trading Central. This broker has practical learning materials, including webinars. Interactive Brokers offers premium platforms and tools, which is why it’s a top choice for advanced investors. 

HYCM has user-friendly educational and research materials. These include investor dictionaries, webinars, and trading videos. HYCM has professional trading tools and access to MT4 and MT5. 

Fees  

The minimum initial deposit at HYCM is $100, while Interactive Brokers doesn’t charge a fee. Both brokers follow a transparent fee structure. 

Assets  

Interactive Brokers offers 105 forex currency pairs, while HYCM has 69 available pairs. Interactive Brokers has 7400 CFDs, while HYCM provides access to 278 CFDs. 

Trading platform  

Interactive Brokers offers a premium trading experience with desktop and web platforms. It offers some useful educational materials, including advanced trading videos. We recommend it for professionals, as its platforms follow the industry’s highest standards. 

HYCM is a MetaTrader-only broker with a separate platform for its Hong Kong and China securities offering. It has a demo account and social trading services. HYCM offers an education portal with training videos and trading courses. 

Banking services  

Banking services support a good online trading experience. Interactive Brokers offers as its funding option bank transfers. HYCM has bank transfers, credit/debit cards, and Skrill. 

Final verdict  

Interactive Brokers and HYCM are top brokerage firms. Both have advantages and disadvantages depending on your trading needs, skills, and experience. Interactive Brokers is a good fit for professionals. We recommend HYCM for beginners as it has a reliable learning center.   

Interactive Brokers compared to other brokers:

Interactive Brokers Review

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