Basic data of broker
Recommended for Forex and CFD traders who prefer the MetaTrader platform
Recommended for Investors and traders looking for zero-commission trading and focusing on US markets.
Low CFD and forex fees, average non-trading fees
Low trading and non-trading fees
Stock and ETF fees
Deposit and withdrawal
Proof of identity: national ID / passport / driver's license Proof of residency: bank statement / utility bill
Proof of identity: social security number Proof of residency: bank statement / utility bill / rental statement
Markets and products
Disclaimer: 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
£85,000 for cliens under FCA, €20,000 under CySEC, no protection under other entities
$500,000 (securities up to $500,000, cash up to $250,000)
UK, Cyprus, Dubai, Cayman Islands
Everything you find on BrokerChooser is based on reliable data and unbiased information. We combine our 10+ years finance experience with readers feedback. Read more about our methodology.
HYCM's service is slightly weaker than moomoo's and a comparison of their fees shows that HYCM's fees are slightly higher than moomoo's.
Account opening takes somewhat less effort at HYCM compared to moomoo, deposit and withdrawal processes are much more seamless at HYCM, while customer service quality is somewhat lower than moomoo's.
Our experts rated the trading platform of HYCM as somewhat worse than the platform of moomoo, found that clients have access to about the same number of markets and products with HYCM, while moomoo provides better research and education.