Plus500 vs. HYCM Comparison

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

Plus 500 logo

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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Compare brokers
Plus 500 logo

Plus500

Open account Read review

CFD Service. Regulated by the DFSA. Trading carries risk.

HYCM logo

HYCM

Open account Read review

67% of retail CFD accounts lose money

BROKER COMPARISON

Plus 500 logo
HYCM logo

Overall rating

4,8/5

4,0/5

Overall rating

4,8/5

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 1:30 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

4.9

4.0

See details
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

Mobile Trading

5.0

5.0

See details
Android
Apple
Watchlist
Econ. Calendar
Charting Tools

Deposit & Withdrawal

4.5

3.1

See details
Minimum deposit (in UAE) $100 $20
Bank Wire
Credit/Debit Card
Cash
Check
Islamic Account Transfer
E-payments
Paypal
Skrill
Neteller

Assets

4.9

2.0

See details
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

Regulation

5.0

5.0

See details
Tier 1 License
Tier 2 License
Tier 3 License

Research & Education

4.5

5.0

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

Customer Support

4.5

4.0

See details
Email
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:
Plus500CFD 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.

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