Compare Fineco Bank vs HYCM


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

Fineco Bank vs HYCM
overall rating
4.7
4.3
overall pros
  • Low trading and non-trading fees
  • Great mobile trading platform
  • Rock-solid background
  • Low forex and CFD fees
  • Great educational content
  • User-friendly account opening
overall cons
  • Only bank transfer for deposit
  • Limited educational tools
  • Poor charting tools
  • Only forex and CFD products
  • Trading platforms have outdated design
  • Inactivity fee
fees
3.7
  • Low stock, ETF, bond, and fund fees
  • Low CFD and futures fees
  • Low non-trading fees
  • High forex and options fees
  • High fees for CFD overnight positions
4.2
  • Low forex fees
  • Low CFD fees
  • Inactivity fee
account opening
4.4
  • Fully digital
  • No minimum deposit
  • Bit slow account verification
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
deposit and withdrawal
3.3
  • No deposit fee
  • Several account base currencies
  • Free withdrawal in most cases
  • Credit/Debit card is not available for deposit
  • Missing electronic wallets
4.5
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Average account currency selection
web trading platform
4.3
  • Good search function
  • Good variety of order types
  • Modern design
  • Limited customizability (for charts, workspace)
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
4.7
  • User-friendly
  • Good search function
  • Modern design
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
desktop trading platform
2.7
  • Good customizability (for charts, workspace)
  • Good search function
  • Not user-friendly
  • No clear fee report available
3.3
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Available in several languages
  • No two-step (safer) login
  • Poor design
markets and products
3.8
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
2.0
  • Forex
  • CFD
  • Crypto
research
4.0
  • Trading ideas
  • Data on asset fundamentals
  • Great screeners
  • Limited interactive charting
3.5
  • Trading ideas
  • User-friendly
  • Economic calendar
  • Limited interactive charting
  • Very low quality newsfeed
customer service
4.0
  • Phone support
  • Live chat
  • Relevant answers
  • No 24/7 support
3.4
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
  • Mediocre email support
education
3.0
  • Educational videos
  • Webinars
  • No demo account
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Videos miss tags or categorization
  • High level of investor protection
  • Banking background
  • 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 Traders and investors looking for low fees and broker with a solid background Forex and CFD traders who prefer the MetaTrader platform
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