Compare ChoiceTrade vs HYCM


Online brokers compared for fees, trading platforms, safety and more. See how ChoiceTrade stacks up against HYCM!

ChoiceTrade vs HYCM
overall rating
4.1
4.3
overall pros
  • Commission-free listed stock and ETF trades
  • Fast and easy account opening
  • User-friendly mobile trading platform
  • Low forex and CFD fees
  • Great educational content
  • User-friendly account opening
overall cons
  • High non-trading fees
  • Not user-friendly withdrawal
  • Limited product portfolio
  • Only forex and CFD products
  • Trading platforms have outdated design
  • Inactivity fee
fees
4.4
  • Low trading fees
  • Commission-free stock trading
  • Withdrawal fee
  • Inactivity fee
3.9
  • Low forex fees
  • Low CFD fees
  • Inactivity fee
account opening
4.4
  • Fully digital
  • Low minimum deposit
  • User-friendly
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
deposit and withdrawal
0.8
  • No deposit fee
  • Credit/Debit card not available
  • High withdrawal fee
  • Withdrawal is excessively complicated
4.5
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Average account currency selection
web trading platform
1.5
  • Clear fee report
  • Good variety of order types
  • Order confirmation
  • No two-step (safer) login
  • Poor search function
  • Design is very outdated
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
  • Poor design
mobile trading platform
3.5
  • User-friendly
  • Good search function
  • Good variety of order types
  • No two-step (safer) login
  • Poor search function
  • No price alerts
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
desktop trading platform
2.8
  • Clear fee report
  • Good variety of order types
  • Good search function
  • Limited customizability (for charts, workspace)
  • No two-step (safer) login
  • No price alerts
3.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Available in several languages
  • No two-step (safer) login
  • Poor design
markets and products
2.1
  • Stock
  • ETF
  • Options
2.0
  • Forex
  • CFD
  • Crypto
research
2.9
  • Trading ideas
  • Data on asset fundamentals
  • Quality news flow
  • Limited interactive charting
  • Not user-friendly
3.5
  • Trading ideas
  • User-friendly
  • Economic calendar
  • Limited interactive charting
  • Very low quality newsfeed
customer service
3.9
  • Phone support
  • Fast response time
  • Professional tone
  • No live chat
  • No 24/7 support
3.4
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
  • Mediocre email support
education
3.0
  • Demo account
  • Trading platform tutorial
  • Hard to navigate
  • Poor production quality
  • Not updated for a long time
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Videos miss tags or categorization
  • Majority of clients belong to a top-tier financial authority
  • High level of investor protection
  • Financial information is publicly available
  • Does not hold a banking license
  • Not listed on stock exchange
  • Negative balance protection
  • Not listed on stock exchange
  • Financial information is not publicly available
  • No investor protection outside the EU&UK
recommended for Stock and options traders looking for low trading fees and focusing on the US market Forex and CFD traders who prefer the MetaTrader platform
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