| Online Broker | Minimum Deposit | Trading Platforms | Markets | About |
|---|---|---|---|---|
| HYCM | $20 Minimum Deposit | MT4, MT5 Trading Platforms | 300+ Markets To Trade | HYCM provides trading (including automated trading) on MT4 and MT5 About |
| Plus500 | $100 Minimum Deposit | Web Trader, Downloaded Platform, Apps Trading Platforms | 2000+ Markets To Trade | Plus500 provides a user friendly trading platform with a wide range of CFD markets to trade About |
HYCM vs Plus500 Comparison
These each offer CFD trading and have differences. HYCM is an MT4 and MT5 broker, which allows the trader to run automated trading strategies on these platforms. Plus500 has a clear accessible web trader and apps, including a desktop download and is focused on providing an intuitive platform experience for the trader who makes their own trading decisions, though HYCM does offer a Trading Central plug in, bringing technical analysis directly to the chart. Plus500 has considerably more markets, 2000+ vs 300+.
HYCM is regulated by the FCA in the United Kingdom, the CySEC in Cyprus, the CIMA in the Cayman Islands and the DFSA in Dubai.
Plus500UK Ltd is authorized and regulated by the FCA (#509909). Plus500CY Ltd is authorized and regulated by CySEC (#250/14). Plus500SG Pte Ltd is licensed by the MAS (#CMS100648-1) in Singapore. Plus500AU Pty Ltd (ACN 153301681) is licensed by: ASIC in Australia, AFSL #417727 and FMA in New Zealand, FSP #486026 and is an authorised Financial Services Provider in South Africa, FSP #47546. Plus500EE AS is authorised and regulated by the Estonian Financial Supervision and Resolution Authority (Licence No. 4.1-1/18). Plus500AE Ltd is authorised and regulated by the Dubai Financial Services Authority (F005651). Plus500SEY Ltd is authorised and regulated by the Seychelles Financial Services Authority (Licence No. SD039).
Quick comparison
Plus500 is a CFD provider offering 2000+ markets and an accessible web trader, desktop download and apps. HYCM is an MT4 and MT5 broker supporting automated and non-automated trading.
Minimum deposit and key account features
The minimum deposit for HYCM is $20. The minimum deposit for Plus500 is $/€/£100.
- HYCM offers a Trading Central plug in and has an Economic Calendar, Forex Calculators, News, Market Outlook, Forex Education, Webinars and Seminars on its website. The minimum trade size is 0.01 lots.
- HYCM offers Fixed, Classic and Raw account and Islamic accounts for each. The Raw account charges commissions, the others do not. The Classic and Raw accounts allow Expert Advisors. The minimum deposit for the Raw, Fixed and Classic accounts is $20.
- Plus500 provides CFD trading. For all traders, Plus500 offers an Economic Calendar on its website covering news events and market effects and has economic data integrated into its platform. Plus500 offers the +Insights tool which provides real time data abut the activity of other Plus500 traders. Additionally, Plus500 offers a Trading Academy on its website as well as News and Market Insights.
Markets
- HYCM offers CFDs on Forex, Metals, Indices, Energy, Agricultural Commodities, Stocks and Cryptocurrencies, with 300+ available on MT5 (there are less on MT4).
- Plus500 offers CFDs on Forex, Metals, Indices, Energy, Agricultural Commodities, Stocks, Cryptocurrencies, ETFs and Options, with 2000+ available.
HYCM provides 45+ Forex pairs on MT5 and 60+ Forex pairs on MT5, Plus500 provides 55+ Forex pairs.
| Broker | Trading Platforms | Description |
|---|---|---|
| HYCM Broker | MT4, MT5, cTrader, R StocksTrader Trading Platforms | HYCM provides trading (including automated trading) on MT4 and MT5 Description |
| Plus500 Provider | Web Trader & Apps Trading Platforms | Plus500 offers a user friendly platform with a wide range of CFD to trade Description |
Leverage
Maximum leverage for HYCM (CySEC or FCA regulated) is . Maximum leverage for Plus500 is .
Platforms
HYCM provides MT4 as a desktop download and apps. Plus500 provides a web trader and apps including a desktop download.
Why HYCM or Plus500 ?
Traders who want to trade on MT4 and MT5 can do this at HYCM. Those who want to trade on a user friendly platform can do so at Plus500. Traders who want to trade via automated trading can do this at HYCM. Traders who want to trade a larger number of CFD markets can do so at Plus500.
Comparison summary
- These are both CFD providers
- HYCM offers MT4 and MT5
- Plus500 provides a user friendly platform
- HYCM allows automated trading (with Expert Advisor robots)
- Plus500 offers more CFD markets to trade
