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Plus500 vs HYCM 2021

Is HYCM better than Plus500? After testing 27 of the best forex brokers over five months, Plus500 is better than HYCM . Plus500 is a trusted global brand that offers online traders an easy-to-use trading platform and a thorough selection of CFD instruments. However, Plus500 trails industry leaders in market research and advanced trading tools desired by active traders.


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 Plus500 HYCM
Overall 4 3.5
Commissions & Fees 4 3.5
Offering of Investments 4 3
Platforms & Tools 4 3.5
Mobile Trading 4 3.5
Research 3 3.5
Education 3 3.5
Trust Score 98 84
Plus500 Review HYCM Review
Winner check_circle
72% of retail CFD accounts lose money 71% of retail CFD accounts lose money

Regulation

Feature Plus500 HYCM
Trust Score 98 84
Year Founded
2008 1977
Publicly Traded (Listed)
Yes No
Bank
No No
Tier-1 Licenses
3 2
Tier-2 Licenses
4 2
Tier-3 Licenses
0 1
Authorised in the European Union
Yes Yes

Tier-1 Licenses (High Trust)

Feature Plus500 HYCM
ASIC Authorised (Australia)
Yes No
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
No Yes
FSA Authorised (Japan)
No No
MAS Authorised (Singapore)
Yes No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
No No

Investments

Feature Plus500 HYCM
Forex Trading
Yes Yes
CFDs (Total)
2033 278
Forex Pairs (Total)
50 69
Cryptocurrency (Physical)
No No
Cryptocurrency (CFD)
Yes Yes
Social Trading / Copy-Trading
No Yes

Cost

Feature Plus500 HYCM
Average Spread EUR/USD - Standard
0.6 (as of Aug 2018) 2
All-in Cost EUR/USD - Active
N/A 1.1
Active Trader or VIP Discounts
No Yes

Funding

Feature Plus500 HYCM
Minimum Initial Deposit
€100 $100
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
Yes No
Skrill (Deposit/Withdraw)
Yes Yes

Trading Platforms

Feature Plus500 HYCM
Proprietary Platform
Yes No
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
No Yes
MetaTrader 4 (MT4)
No Yes
MetaTrader 5 (MT5)
No Yes
cTrader
No No
DupliTrade
No No
ZuluTrade
No No

Trading Tools

Feature Plus500 HYCM
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes No
Watchlists - Total Fields
10 (default MT4)
Charting - Indicators / Studies (Total)
103 (default MT4)
Charting - Drawing Tools (Total)
21 (default MT4)
Charting - Trade From Chart
No Yes
Charting - Drawings Autosave
No No
Order Type - Trailing Stop
Yes Yes

Mobile Trading

Feature Plus500 HYCM
Android App
Yes Yes
Apple iOS App
Yes Yes
Alerts - Basic Fields
Yes No
Watch List
Yes No
Watch List Syncing
Yes No
Charting - Indicators / Studies
18 (default MT4)
Charting - Draw Trendlines
No No
Charting - Trendlines Moveable
No No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No No
Forex Calendar
No No

Research

Feature Plus500 HYCM
Daily Market Commentary
No Yes
Forex News (Top-Tier Sources)
No Yes
Weekly Webinars
No Yes
AutoChartist
No No
Trading Central (Recognia)
No Yes
Delkos Research
No No
Social Sentiment - Currency Pairs
No No
Economic Calendar
Yes Yes

Education

Feature Plus500 HYCM
Has Education - Forex
No No
Has Education - CFDs
No No
Client Webinars
No Yes
Client Webinars (Archived)
No No
Videos - Beginner Trading Videos
No Yes
Videos - Advanced Trading Videos
No No
Investor Dictionary (Glossary)
No Yes

Major Forex Pairs

Feature Plus500 HYCM
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 Plus500 HYCM
Overall 4 3.5
Commissions & Fees 4 3.5
Offering of Investments 4 3
Platforms & Tools 4 3.5
Mobile Trading 4 3.5
Research 3 3.5
Education 3 3.5
Trust Score 98 84
Plus500 Review HYCM Review

Comparing forex brokers side by side is no easy task. For our 2021 annual forex broker review, we spent hundreds of hours assessing 27 forex and CFD brokerages to find the best forex broker. Let's compare HYCM vs Plus500.

Does HYCM or Plus500 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, Plus500 offers better pricing overall for traders.

Is HYCM or Plus500 safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. Plus500 holds 3 global Tier-1 licenses, while HYCM holds 2. Plus500 holds 4 global Tier-2 licenses, while HYCM holds 2. All regulators considered, Plus500 has a Trust Score of 98.00, while HYCM 's Trust Score is 84.00.

Which trading platform is better: HYCM or Plus500?
To compare the trading platforms of both HYCM and Plus500, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Plus500 offers a better experience. With research, HYCM offers superior market research. Finally, we found Plus500 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. While HYCM offers copy trading, Plus500 does not. HYCM offers MetaTrader 4 (MT4), while Plus500 does not.

How many forex pairs and CFDs are available to trade?
HYCM provides traders 69 currency pairs (e.g., EUR/USD) compared to Plus500's 50 available pairs. Forex pairs aside, Plus500 offers traders access to 2033 CFDs while HYCM has 278 available CFDs, a difference of 1,755.

Overall winner: Plus500

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Trading CFDs, FX, and cryptocurrencies involve 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 12/14/2020 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 link at the bottom of this page.

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Plus500UK Ltd is authorised and regulated by the Financial Conduct Authority (FRN 509909).

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