Is Fineco better than HYCM? In our analysis of 23 international regulators across 39 brokers, HYCM is considered average-risk, with an overall Trust Score of 86 out of 99. Learn more about Trust Score.
ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Advertiser Disclosure
HYCM vs Fineco 2021
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
|
|
|
Overall Rating
| Feature | HYCM | Fineco |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading Apps | ||
| Research | ||
| Education | ||
| Trust Score | 86 | 92 |
| HYCM Review | Fineco Review | |
| 72% of retail CFD accounts lose money | 65.11% of retail CFD accounts lose money | |
| Winner | check_circle |
Regulation
| Feature | HYCM | Fineco |
| Trust Score | 86 | 92 |
|
Year Founded |
1977 | 1999 |
|
Publicly Traded (Listed) |
No | Yes |
|
Bank |
No | Yes |
|
Tier-1 Licenses |
2 | 2 |
|
Tier-2 Licenses |
2 | 0 |
|
Tier-3 Licenses |
1 | 0 |
|
Authorised in the European Union |
Yes | Yes |
Tier-1 Licenses (High Trust)
| Feature | HYCM | Fineco |
|
ASIC Authorised (Australia) |
No | Yes |
|
IIROC Authorised (Canada) |
No | No |
|
SFC Authorised (Hong Kong) |
Yes | No |
|
FSA Authorised (Japan) |
No | No |
|
MAS Authorised (Singapore) |
No | No |
|
FINMA Authorised (Switzerland) |
No | No |
|
FCA Authorised (UK) |
Yes | Yes |
|
CFTC Registered (USA) |
No | No |
Tier-2 Licenses (Average Trust)
| Feature | HYCM | Fineco |
|
CBRC Authorised (China) |
No | No |
|
CySEC Authorised (Cyprus) |
Yes | No |
|
CBI Authorised (Ireland) |
No | No |
|
ISA Authorised (Israel) |
No | No |
|
FMA Authorised (New Zealand) |
No | No |
|
CBR Authorised (Russia) |
No | No |
|
FSCA Authorised (South Africa) |
No | No |
|
SEC Authorised (Thailand) |
No | No |
Tier-3 Licenses (Low Trust)
| Feature | HYCM | Fineco |
| SCB Authorised (Bahamas) | No | No |
| IFSC Authorised (Belize) | No | No |
| BMA Authorised (Bermuda) | No | No |
|
FSC Authorised (British Virgin Islands) |
No | No |
|
FSC Authorised (Mauritius) |
No | No |
Investments
| Feature | HYCM | Fineco |
|
Forex Trading |
Yes | Yes |
|
CFD Trading |
Yes | Yes |
|
Tradeable Symbols (Total) |
245 | 126 |
|
Forex Pairs (Total) |
71 | 54 |
|
US Stock Trading (Non CFD) |
No | Yes |
|
Int'l Stock Trading (Non CFD) |
Yes | Yes |
|
Social Trading / Copy-Trading |
No | No |
|
Cryptocurrency (Physical) |
No | No |
|
Cryptocurrency (CFD) |
Yes | No |
| Crypto Disclaimer (UK) | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Cost
| Feature | HYCM | Fineco |
|
Average Spread EUR/USD - Standard |
0.6 (Sept 2021) | N/A |
|
All-in Cost EUR/USD - Active |
0.6 (Sept 2021) | N/A |
|
Active Trader or VIP Discounts |
Yes | No |
|
Execution: Agency Broker |
Yes | No |
|
Execution: Market Maker |
Yes | No |
Funding
| Feature | HYCM | Fineco |
|
Minimum Deposit |
$100 | $0 |
|
Bank Wire (Deposit/Withdraw) |
Yes | Yes |
|
Visa/Mastercard (Credit/Debit) |
Yes | No |
|
PayPal (Deposit/Withdraw) |
No | No |
|
Skrill (Deposit/Withdraw) |
Yes | No |
Trading Platforms
| Feature | HYCM | Fineco |
|
Proprietary Platform |
No | Yes |
|
Desktop Platform (Windows) |
Yes | Yes |
|
Web Platform |
Yes | Yes |
|
Social Trading / Copy-Trading |
No | No |
|
MetaTrader 4 (MT4) |
Yes | No |
|
MetaTrader 5 (MT5) |
Yes | No |
|
cTrader |
No | No |
|
DupliTrade |
No | No |
|
ZuluTrade |
No | No |
Trading Tools
| Feature | HYCM | Fineco |
|
Virtual Trading (Demo) |
Yes | No |
|
Alerts - Basic Fields |
Yes | No |
|
Watchlists - Total Fields |
7 | |
|
Charting - Indicators / Studies (Total) |
30 | 90 |
|
Charting - Drawing Tools (Total) |
15 | N/A |
|
Charting - Trade From Chart |
Yes | No |
|
Charting - Drawings Autosave |
No | No |
Mobile Trading
| Feature | HYCM | Fineco |
|
Android App |
Yes | Yes |
|
Apple iOS App |
Yes | Yes |
|
Alerts - Basic Fields |
Yes | No |
|
Watch List |
Yes | No |
|
Watch List Syncing |
No | No |
|
Charting - Indicators / Studies |
30 | N/A |
|
Charting - Draw Trendlines |
Yes | No |
|
Charting - Trendlines Moveable |
No | No |
|
Charting - Multiple Time Frames |
Yes | No |
|
Charting - Drawings Autosave |
Yes | No |
|
Forex Calendar |
Yes | No |
Research
| Feature | HYCM | Fineco |
|
Daily Market Commentary |
Yes | No |
|
Forex News (Top-Tier Sources) |
Yes | Yes |
|
Autochartist |
No | No |
|
Trading Central (Recognia) |
Yes | No |
|
Delkos Research |
No | No |
|
Social Sentiment - Currency Pairs |
No | No |
|
Economic Calendar |
Yes | No |
Education
| Feature | HYCM | Fineco |
|
Has Education - Forex or CFDs |
No | Yes |
|
Client Webinars |
Yes | Yes |
|
Client Webinars (Archived) |
Yes | Yes |
|
Videos - Beginner Trading Videos |
Yes | Yes |
|
Videos - Advanced Trading Videos |
No | Yes |
|
Investor Dictionary (Glossary) |
Yes | Yes |
Major Forex Pairs
| Feature | HYCM | Fineco |
|
GBP/USD |
Yes | Yes |
|
USD/JPY |
Yes | Yes |
|
EUR/USD |
Yes | Yes |
|
USD/CHF |
Yes | Yes |
|
USD/CAD |
Yes | Yes |
|
NZD/USD |
Yes | Yes |
|
AUD/USD |
Yes | Yes |
Overall
| Feature | HYCM | Fineco |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading Apps | ||
| Research | ||
| Education | ||
| Trust Score | 86 | 92 |
| HYCM Review | Fineco Review |
Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare Fineco vs HYCM.
Does Fineco or HYCM offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, HYCM offers better pricing overall for traders.
Is Fineco or HYCM safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Both Fineco and HYCM hold 2 global Tier-1 licenses. HYCM holds 2 global Tier-2 licenses, while Fineco holds 0. In our analysis of 23 international regulators across 50 brokers, Fineco earned a higher Trust Score than HYCM.
Which trading platform is better: Fineco or HYCM?
To compare the trading platforms of both Fineco and HYCM, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Fineco offers a better experience. With research, Fineco offers superior market research. Finally, we found HYCM to provide better mobile trading apps.
What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Copy trading is not offered by either broker. HYCM offers MetaTrader 4 (MT4), while Fineco does not.
How many forex pairs and CFDs are available to trade?
HYCM provides traders 71 currency pairs (e.g., EUR/USD) compared to Fineco's 54 available pairs. Forex pairs aside, HYCM offers traders access to 245 CFDs while Fineco has 126 available CFDs, a difference of 119.
Can I trust Fineco?
Can I trust HYCM?
HYCM is not publicly traded and does operate a bank. HYCM is authorised by two tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). HYCM is authorised by the following tier-1 regulators: Securities Futures Commission (SFC) and Financial Conduct Authority (FCA).
Is Fineco good?
FinecoBank is a trusted multi-asset broker offering forex and CFDs across its brands regulated in the U.K. and Italy. However, unless you visit a physical branch as a citizen of the EU – or you are a resident of Italy or the U.K. – you will not be permitted to open an online account with FinecoBank.
Is HYCM good?
HYCM is a trusted brand that offers a straightforward MetaTrader platform experience. Its Raw account delivers competitive pricing, and traders gain access to third-party modules from Trading Central as well as exchange-traded securities (available through a separate platform). That said, HYCM offers a narrow range of symbols to forex and CFD traders.
Overall winner: HYCM
Read Next: Best Forex Brokers 2022
Related Comparisons
- Fineco vs. CMC Markets
- HYCM vs. CMC Markets
- Fineco vs. IG
- Fineco vs. Saxo Bank
- Fineco vs. Swissquote
- HYCM vs. IG
- HYCM vs. Saxo Bank
- HYCM vs. XTB
Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published website as of 01/10/2022 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the "Contact" link at the bottom of this page.
The names, products, services, branding/logos, and other trademarks or images featured or cited within this website (www.forexbrokers.com) are the property of their respective owners and the owners retain all legal rights therein. These trademark holders are not affiliated with ForexBrokers.com and the use or display of names, trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, or endorses ForexBrokers.com or any of its reviews, products, or services. ForexBrokers.com declares no affiliation, sponsorship, nor any partnership with any trademark holders unless otherwise stated.
