Online brokers compared for fees, trading platforms, safety and more. See how Barclays stacks up against HYCM!
Last update of data—Jan 2023
Barclays is a UK-based bank. Barclays Smart Investor is the brokerage service provided by Barclays and regulated by the top-tier FCA.
HYCM is a global forex and CFD broker regulated by many financial authorities globally, including the top-tier FCA.
Recommended for long-term investors looking for a broker with low fees and solid background.
Recommended for forex and CFD traders who prefer the MetaTrader platform.
Barclays
Barclays is a UK-based bank. Barclays Smart Investor is the brokerage service provided by Barclays and regulated by the top-tier FCA.
Recommended for long-term investors looking for a broker with low fees and solid background.
HYCM
HYCM is a global forex and CFD broker regulated by many financial authorities globally, including the top-tier FCA.
Recommended for forex and CFD traders who prefer the MetaTrader platform.
Barclays's service is on par with HYCM's and a comparison of their fees shows that Barclays's fees are similar to HYCM's.
Account opening takes more effort at Barclays compared to HYCM, deposit and withdrawal processes are somewhat more complicated at Barclays, while customer service quality is considerably lower than HYCM's.
Our experts rated the trading platform of Barclays as much less user-friendly than the platform of HYCM, found that clients have access to slightly more markets and products with Barclays, while HYCM provides somewhat lower-quality research and education.
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