Is HYCM better than TD Ameritrade? In our analysis of 23 international regulators across 50 brokers, HYCM is considered average-risk, with an overall Trust Score of 86 out of 99. TD Ameritrade FX is considered low-risk, with an overall Trust Score of 99 out of 99. Learn more about Trust Score.
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TD Ameritrade vs HYCM 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.
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Overall Rating
| Feature | TD Ameritrade | HYCM |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading Apps | ||
| Research | ||
| Education | ||
| Trust Score | 99 | 86 |
| TD Ameritrade Review | HYCM Review | |
| N/A of retail CFD accounts lose money | 72% of retail CFD accounts lose money | |
| Winner | check_circle |
Regulation
| Feature | TD Ameritrade | HYCM |
| Trust Score | 99 | 86 |
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Year Founded |
1955 | 1977 |
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Publicly Traded (Listed) |
Yes | No |
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Bank |
Yes | No |
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Tier-1 Licenses |
5 | 2 |
|
Tier-2 Licenses |
0 | 2 |
|
Tier-3 Licenses |
0 | 1 |
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Authorised in the European Union |
Yes | Yes |
Tier-1 Licenses (High Trust)
| Feature | TD Ameritrade | HYCM |
|
ASIC Authorised (Australia) |
No | No |
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IIROC Authorised (Canada) |
No | No |
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SFC Authorised (Hong Kong) |
Yes | Yes |
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CBI Authorised (Ireland) |
No | No |
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FSA Authorised (Japan) |
No | No |
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MAS Authorised (Singapore) |
Yes | No |
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FINMA Authorised (Switzerland) |
No | No |
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FCA Authorised (UK) |
Yes | Yes |
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CFTC Registered (USA) |
Yes | No |
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FMA Authorised (New Zealand) |
No | No |
Tier-2 Licenses (Average Trust)
| Feature | TD Ameritrade | HYCM |
|
CBRC Authorised (China) |
No | No |
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CySEC Authorised (Cyprus) |
No | Yes |
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SEBI Authorised (India) |
No | No |
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ISA Authorised (Israel) |
No | No |
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CBR Authorised (Russia) |
No | No |
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FSCA Authorised (South Africa) |
No | No |
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SEC Authorised (Thailand) |
No | No |
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DFSA / Central Bank Authorised (UAE) |
No | Yes |
Tier-3 Licenses (Low Trust)
| Feature | TD Ameritrade | HYCM |
| SCB Authorised (Bahamas) | No | No |
| IFSC Authorised (Belize) | No | No |
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Cayman Islands Monetary Authority (CIMA) |
No | Yes |
| BMA Authorised (Bermuda) | No | No |
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FSC Authorised (British Virgin Islands) |
No | No |
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FSC Authorised (Mauritius) |
No | No |
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VFSC Authorised (Vanuatu) |
No | No |
Investments
| Feature | TD Ameritrade | HYCM |
|
Forex Trading |
Yes | Yes |
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CFD Trading |
No | Yes |
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Tradeable Symbols (Total) |
N/A | 245 |
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Forex Pairs (Total) |
73 | 71 |
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US Stock Trading (Non CFD) |
Yes | No |
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Int'l Stock Trading (Non CFD) |
Yes | Yes |
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Social Trading / Copy-Trading |
No | No |
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Cryptocurrency (Physical) |
No | No |
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Cryptocurrency (CFD) |
No | Yes |
| 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 | TD Ameritrade | HYCM |
|
Average Spread EUR/USD - Standard |
1.26 pips (August 2021) | 0.6 (Sept 2021) |
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All-in Cost EUR/USD - Active |
1.26 pips (August 2021) | 0.6 (Sept 2021) |
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Active Trader or VIP Discounts |
No | Yes |
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Execution: Agency Broker |
Yes | Yes |
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Execution: Market Maker |
No | Yes |
Funding
| Feature | TD Ameritrade | HYCM |
|
Minimum Deposit |
$0.00 | $100 |
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Bank Wire (Deposit/Withdraw) |
Yes | Yes |
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Visa/Mastercard (Credit/Debit) |
No | Yes |
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PayPal (Deposit/Withdraw) |
No | No |
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Skrill (Deposit/Withdraw) |
No | Yes |
Trading Platforms
| Feature | TD Ameritrade | HYCM |
|
Proprietary Platform |
Yes | No |
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Desktop Platform (Windows) |
Yes | Yes |
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Web Platform |
Yes | Yes |
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Social Trading / Copy-Trading |
No | No |
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MetaTrader 4 (MT4) |
No | Yes |
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MetaTrader 5 (MT5) |
No | Yes |
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cTrader |
No | No |
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DupliTrade |
No | No |
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ZuluTrade |
No | No |
Trading Tools
| Feature | TD Ameritrade | HYCM |
|
Virtual Trading (Demo) |
Yes | Yes |
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Alerts - Basic Fields |
Yes | Yes |
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Watchlists - Total Fields |
564 | 7 |
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Charting - Indicators / Studies (Total) |
360 | 30 |
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Charting - Drawing Tools (Total) |
23 | 15 |
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Charting - Trade From Chart |
Yes | Yes |
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Charting - Drawings Autosave |
Yes | No |
Mobile Trading
| Feature | TD Ameritrade | HYCM |
|
Android App |
Yes | Yes |
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Apple iOS App |
Yes | Yes |
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Alerts - Basic Fields |
Yes | Yes |
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Watch List |
Yes | Yes |
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Watch List Syncing |
Yes | No |
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Charting - Indicators / Studies |
360 | 30 |
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Charting - Draw Trendlines |
Yes | Yes |
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Charting - Trendlines Moveable |
No | No |
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Charting - Multiple Time Frames |
Yes | Yes |
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Charting - Drawings Autosave |
Yes | Yes |
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Forex Calendar |
Yes | Yes |
Research
| Feature | TD Ameritrade | HYCM |
|
Daily Market Commentary |
Yes | Yes |
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Forex News (Top-Tier Sources) |
Yes | Yes |
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Autochartist |
No | No |
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Trading Central (Recognia) |
No | Yes |
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Delkos Research |
No | No |
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Social Sentiment - Currency Pairs |
No | No |
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Economic Calendar |
Yes | Yes |
Education
| Feature | TD Ameritrade | HYCM |
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Has Education - Forex or CFDs |
Yes | No |
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Client Webinars |
Yes | Yes |
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Client Webinars (Archived) |
Yes | Yes |
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Videos - Beginner Trading Videos |
Yes | Yes |
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Videos - Advanced Trading Videos |
Yes | No |
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Investor Dictionary (Glossary) |
Yes | Yes |
Major Forex Pairs
| Feature | TD Ameritrade | HYCM |
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GBP/USD |
Yes | Yes |
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USD/JPY |
Yes | Yes |
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EUR/USD |
Yes | Yes |
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USD/CHF |
Yes | Yes |
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USD/CAD |
Yes | Yes |
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NZD/USD |
Yes | Yes |
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AUD/USD |
Yes | Yes |
Overall
| Feature | TD Ameritrade | HYCM |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading Apps | ||
| Research | ||
| Education | ||
| Trust Score | 99 | 86 |
| TD Ameritrade Review | HYCM 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 HYCM vs TD Ameritrade.
Does HYCM or TD Ameritrade 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 HYCM or TD Ameritrade 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. TD Ameritrade holds 5 global Tier-1 licenses, while HYCM holds 2. HYCM holds 2 global Tier-2 licenses, while TD Ameritrade holds 0. In our analysis of 23 international regulators across 50 brokers, TD Ameritrade earned a higher Trust Score than HYCM.
Which trading platform is better: HYCM or TD Ameritrade?
To compare the trading platforms of both HYCM and TD Ameritrade, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, TD Ameritrade offers a better experience. With research, TD Ameritrade offers superior market research. Finally, we found TD Ameritrade 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 TD Ameritrade does not.
How many forex pairs and CFDs are available to trade?
TD Ameritrade provides traders 73 currency pairs (e.g., EUR/USD) compared to HYCM's 71 available pairs. Forex pairs aside, HYCM offers traders access to 245 CFDs while TD Ameritrade has N/A available CFDs, a difference of 245.
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).
Can I trust TD Ameritrade?
TD Ameritrade FX is publicly-traded, does operate a bank, and is authorised by five tier-1 regulators (high trust), zero tier-2 regulators (average trust), and zero tier-3 regulators (low trust). TD Ameritrade FX is authorised by the following tier-1 regulators: Investment Industry Regulatory Organization of Canada (IIROC), Securities Futures Commission (SFC), Monetary Authority of Singapore (MAS), Financial Conduct Authority (FCA), and the Commodity Futures Trading Commission (CFTC).
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.
Is TD Ameritrade good?
TD Ameritrade’s thinkorswim platform offers over 70 tradeable currency pairs alongside a plethora of impressive tools, research, and education. For traders in the U.S., TD Ameritrade provides the ultimate trading technology experience.
Overall winner: TD Ameritrade
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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.
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