Plus500 vs. HYCM

Page Summary

Plus500 and Henyep Markets (HYCM) are leading online brokers. Plus500 has a transparent fee structure and funding process. It has top-tier licenses from the FCA, DFSA, MAS, and ASIC. We recommend it for experienced traders, as it has limited research and learning tools. 

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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

3,7/5

4,0/5

Overall rating

3,7/5

4,0/5

Trading Platform & Tools

3.3

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

3.5

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

3.1

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

2.9

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
CFDs on Forex 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

2.1

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

HYCM is a MetaTrader broker with expensive fees. We do not recommend HYCM for active traders. However, it offers reliable research and education tools. HYCM is a good choice for beginner traders, as it has webinars and beginner trading videos. 

Both online brokers have advantages and disadvantages. This article discusses the differences between Plus500 and HYCM. 

Top findings from the Plus500 vs. HYCM review:  

  1. Plus500 is a safe broker with professional platforms and transparent fees. 
  2. HYCM offers access to the full MetaTrader suite for desktop and web. 
  3. Both brokers offer a virtual trading account to test their offering. 

Plus500 is a good choice for professional traders, as it has reliable trading platforms and tools. We recommend HYCM for traders of all levels of experience because of its educational tools and tutorials. 

Level of experience  

Beginner traders prefer HYCM over Plus500. HYCM offers user-friendly research and educational tools. These include beginner trading videos, webinars, and investor dictionaries. HYCM has professional research tools and access to MT4 and MT5 features. It is a good choice for both beginner and professional traders. 

Plus500 doesn’t have educational tools for its clients. It is a good choice for professional traders, as it has premium platforms and tools. It offers some helpful trading tools, including watch lists and an economic calendar. Plus500 provides a premium trading experience for professional investors. 

Fees  

Plus500 has a minimum initial deposit of €100, while HYCM has a $100 fee. The average EUR/USD spread at Plus500 is 0.6, while at HYCM is 2. Both brokers have a transparent fee structure. 

Assets  

Both online brokers offer major forex currency pairs, including EUR/USD and GBP/USD. HYCM has 69 pairs, while Plus500 has 50 available pairs. Plus500 offers 2033 CFDs, while HYCM has 278 available CFDs. 

Trading platform  

Plus500 has a premium proprietary platform with web and desktop versions. It provides some educational materials and research tools. Plus500 has an impressive mobile app with standard alerts and watch lists. Its platforms are challenging to learn for new traders. 

HYCM is a MetaTrader-only broker with a separate platform for its Hong Kong and China securities offering. It offers a virtual trading account and social trading tools. HYCM has an education section on its website with courses, videos, and written content. It is a good choice for traders of all levels of experience. 

Banking services  

Banking services lead to an excellent online trading experience. Plus500 is on the London stock exchange, which increases its trustworthiness. It offers many funding options, including bank transfers, PayPal, and Skrill. HYCM has bank transfers, credit/debit, and Skrill funding options. 

Final verdict  

Plus500 and HYCM are leading online brokers. Both have strengths and weaknesses, depending on your trading experience. We recommend Plus500 to professional traders who want access to premium platforms. HYCM is a better choice for beginners, as it has a dedicated learning center. 

Plus500 compared to other brokers:
Plus500 Review
Plus500 Insights

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