Compare HYCM vs IG


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

HYCM vs IG
overall rating
4.3
4.5
overall pros
  • Low forex and CFD fees
  • Great educational content
  • User-friendly account opening
  • First-class web trading platform
  • Superb educational tools
  • Great deposit and withdrawal options
overall cons
  • Only forex and CFD products
  • Trading platforms have outdated design
  • Inactivity fee
  • High forex and stock CFD fees
  • Limited product portfolio
  • Slow customer support
fees
3.9
  • Low forex fees
  • Low CFD fees
  • Inactivity fee
2.7
  • No withdrawal fee
  • Inactivity fee charged only after 2 years
  • High forex fees
  • High stock CFD trading fees
account opening
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
4.4
  • Fully digital
  • Low minimum deposit
  • No minimum deposit for bank transfer
  • Slower account opening
deposit and withdrawal
4.5
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Average account currency selection
4.5
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
web trading platform
2.8
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Order confirmation
  • No two-step (safer) login
  • No price alerts
  • Poor design
5.0
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
mobile trading platform
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
5.0
  • User-friendly
  • Good search function
  • Touch/Face ID login
desktop trading platform
3.4
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Available in several languages
  • No two-step (safer) login
  • Poor design
markets and products
2.0
  • Forex
  • CFD
  • Crypto
4.0
  • ETF
  • Forex
  • Options
  • CFD
  • Crypto
  • Stocks in some countries
  • Robo-advisory in UK
  • IPOs
research
3.5
  • Trading ideas
  • User-friendly
  • Economic calendar
  • Limited interactive charting
  • Very low quality newsfeed
3.5
  • Good interactive chart
  • Trading ideas
  • User-friendly
  • No fundamental data available
customer service
3.4
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
  • Mediocre email support
3.6
  • Phone support
  • Relevant answers
  • No 24/7 support
  • Live chat is often offline
education
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Videos miss tags or categorization
5.0
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Negative balance protection
  • Not listed on stock exchange
  • Financial information is not publicly available
  • No investor protection outside the EU&UK
  • Majority of clients belong to a top-tier financial authority
  • Listed on stock exchange
  • Negative balance protection
  • Does not hold a banking license
recommended for Forex and CFD traders who prefer the MetaTrader platform Traders of any experience level looking for an easy-to-use trading platform
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