Compare HYCM vs Spreadex


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

HYCM vs Spreadex
overall rating
4.3
4.3
overall pros
  • Low forex and CFD fees
  • Great educational content
  • User-friendly account opening
  • Low forex fees
  • Good web platform
  • Helpful customer service
overall cons
  • Only forex and CFD products
  • Trading platforms have outdated design
  • Inactivity fee
  • Thin product selection
  • No desktop platform
  • Limited research and education tools
fees
3.9
  • Low forex fees
  • Low CFD fees
  • Inactivity fee
4.0
  • Low forex fees
  • No inactivity fee
  • High stock index CFD fees
account opening
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
4.4
  • Fully digital
  • No minimum deposit
  • User-friendly
  • Slower-than-average account verification
deposit and withdrawal
4.5
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Average account currency selection
4.3
  • Credit/Debit card available
  • No deposit fee
  • Free withdrawal in most cases
  • Average account currency selection
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
4.4
  • User-friendly
  • Clear fee report
  • Good search function
  • Guaranteed stop
  • No two-step (safer) login
  • Available only in English
mobile trading platform
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
4.4
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No 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
1.7
  • Forex
  • CFD
research
3.5
  • Trading ideas
  • User-friendly
  • Economic calendar
  • Limited interactive charting
  • Very low quality newsfeed
1.9
  • Good financial/trading blog
  • No trading ideas
  • No/limited set of analytic tools
  • Limited fundamental data
customer service
3.4
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
  • Mediocre email support
4.5
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
education
4.5
  • Demo account
  • Trading platform tutorial
  • Educational videos
  • Videos miss tags or categorization
1.3
  • Trading platform tutorial
  • No demo account
  • No educational videos
  • No webinars
  • 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
  • Negative balance protection
  • Does not hold a banking license
  • Not listed on stock exchange
  • Financial information is not publicly available
recommended for Forex and CFD traders who prefer the MetaTrader platform Forex and CFD traders looking for low fees and great deposit/withdrawal options
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