Compare HYCM vs Robinhood


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

HYCM vs Robinhood
overall rating
4.3
4.6
overall pros
  • Low forex and CFD fees
  • Great educational content
  • User-friendly account opening
  • Free US stock and ETF trading
  • Great mobile and web trading platforms
  • Fast and fully digital account opening
overall cons
  • Only forex and CFD products
  • Trading platforms have outdated design
  • Inactivity fee
  • Limited product range
  • Weak customer support
  • Few educational materials
fees
3.9
  • Low forex fees
  • Low CFD fees
  • Inactivity fee
4.8
  • Commission-free US stock and ETF trading
  • No fee for deposit or withdrawal
  • Transparent fee structure
account opening
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
5.0
  • Fast
  • Fully digital
  • No minimum deposit
  • Available only for US clients
  • No IRA accounts offered
deposit and withdrawal
4.5
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Average account currency selection
2.3
  • Free withdrawal
  • No deposit fee
  • Cash management service
  • Credit/Debit card not available
  • Depositing larger amounts on Robinhood Gold takes longer
  • Wire withdrawal is pricey
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
4.5
  • User-friendly
  • Clear fee report
  • Two-step (safer) login
  • Limited customizability (for charts, workspace)
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
  • Two-step (safer) login
  • Good search function
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
2.4
  • Stock
  • ETF
  • Options
  • Crypto
research
3.5
  • Trading ideas
  • User-friendly
  • Economic calendar
  • Limited interactive charting
  • Very low quality newsfeed
3.3
  • Trading ideas
  • Data on asset fundamentals
  • Quality news flow
  • Limited interactive charting
  • No/limited set of analytic tools
customer service
3.4
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
  • Mediocre email support
1.5
  • Fast response time
  • Relevant answers
  • No phone support
  • No live chat
  • No 24/7 support
education
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Videos miss tags or categorization
1.5
  • Quality educational texts
  • No demo account
  • No trading platform tutorial videos
  • No 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
  • High level of investor protection
  • Financial information is publicly available
  • No negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
recommended for Forex and CFD traders who prefer the MetaTrader platform Beginners and buy-and-hold investors focusing on the US stock market
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