HYCM vs Plus500 - Trading Brokers Comparison

HYCM vs Plus500 | Online Brokerage Comparison

HYCM vs Plus500 Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsRegulation
$100MT4, MT5300+FCA, CySEC, CIMA, DFSA
$100Web Trader, Downloaded Platform, Apps2000+FCA, CySEC, ASIC, FSCA, FMA, MAS & IE

HYCM vs Plus500 Comparison

These brokers 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) and IE Singapore (#PLUS/CBL/2018). 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.

Quick comparison

Plus500 is a CFD broker 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 $100. 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 Fixed and Classic accounts is $100 and the minimum deposit for the Raw account is $200. There is also a VIP account which provides a dedicated account manager, comprehensive market analysis and lower spreads for the Fixed account, with a minimum deposit of $10,000.
  • Plus500 offers an Economic Calendar on its website covering news events and potential market effects of this news.

Markets

  • HYCM offers CFD trading in Forex, Metals, Indices, Energy, Agricultural Commodities, Stocks and Cryptocurrencies, with 300+ available on MT5 (there are less on MT4).
  • Plus500 offers CFD trading in 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.

Cryptocurrency CFDs

  • HYCM offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Monero, NEO, IOTA, Bitcoin Gold, Ethereum Classic, QTUM and Zcash CFDs.
  • Plus500 offers Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Monero, NEO, IOTA, EOS, Cardano, Stellar and TRON CFDs.

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 ?

If the trader wishes to trade using robots, then HYCM supports this style of trading via Expert Advisors on MT4 and MT5. If the trader wishes to make their own trading decisions, then both support this approach to trading, though Plus500 has a particularly clear and accessible trading platform. For traders who wish to trade a larger range of number of CFDs, then Plus500 has considerably more.

Comparison summary

  • These are both CFD brokers
  • Plus500 has more markets
  • HYCM supports automated trading
  • Plus500 has a web trader and apps including a desktop download
  • HYCM offers MT4 and MT5

Search this site

Translate