Comparison eToro vs HYCM

The InvestorGreg.net broker comparisons assess over a dozen different brokers, finding the best online trading brokers. This comparison page compares eToro vs HYCM. Is eToro or HYCM a better online broker?

First of all, we’ll compare the commission fees of the two brokers. The commission fee of eToro on regular transactions of the stock exchange is 0.09% spread per side, and HYCM has a commission fee of spreads vary. Now, let’s compare commission fees in Forex, the commission fee of eToro is from 3 pips, and the commission fee of HYCM is spreads from 0.2 pips. We can also analyze commission fees for trading CFD: they are from 0.09% in eToro vs spreads from 4 pips in HYCM. For a more complete picture, let’s consider trading in the metal market, where eToro and HYCM have commission fees of from 2 pips and spreads from 30 pips, respectively. The full online broker reviews contains more detailed information on the brokers’ commission fees.

It is important for investors to know what types of online trading broker supports and what tools they can use for trading. Let’s compare them. Stocks Trading, ETFs Trading, Forex Trading, Crypto Trading are provided to customers by eToro and Stocks Trading, Forex Trading, Crypto Trading are provided by HYCM. Concerning the platforms, eToro uses Web Platform, Android App, iOS App, while HYCM uses Desktop Platform (Windows), Desktop Platform (MacOS), MT4, Android App, iOS App.

In conclusion, when comparing the two online brokers, we should pay our attention to the year and country of foundation, the regulatory authorities and ways to withdraw funds. eToro was established in 2007 in Cyprus, and it is regulated by CySEC, FCA, ASIC. And HYCM was established in 1977 in United Kingdom, and it is regulated by FCA, CySEC, CIMA. We can withdraw funds from eToro with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is $25. And HYCM provides the ability to withdraw funds with the help of Bank Wire, Visa/Mastercard, and its withdrawal fee is free. The time for withdrawal in eToro is within 1 business day, and that one in HYCM is 1 - 7 business days.

As a result, the rating of eToro is 4.5 stars versus that of HYCM of 4.8 stars.