Compare HYCM vs Swissquote


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

HYCM vs Swissquote
overall rating
4.3
4.7
overall pros
  • Low forex and CFD fees
  • Great educational content
  • User-friendly account opening
  • Access to many markets and products
  • No inactivity fee
  • Rock-solid background
overall cons
  • Only forex and CFD products
  • Trading platforms have outdated design
  • Inactivity fee
  • High trading fees
  • Confusing trading platform selection
  • Some research tools are not free
fees
4.2
  • Low forex fees
  • Low CFD fees
  • Inactivity fee
2.3
  • Low fund fees
  • No inactivity fee
  • Low financing rate
  • High trading fees
  • High stock and ETF fees
  • High bond fees
  • Withdrawal fee at Swissquote (CH)
account opening
5.0
  • Fast
  • Fully digital
  • Low minimum deposit
4.0
  • Fully digital
  • No minimum deposit for trading account
  • Long wait times
  • Forex and robo-advisor accounts have high minimum
deposit and withdrawal
4.5
  • Credit/Debit card available
  • Free withdrawal
  • No deposit fee
  • Average account currency selection
4.1
  • Credit/Debit card available
  • Several account base currencies
  • Swiss entity charges withdrawal and deposit fees
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
4.3
  • Clear fee report
  • Two-step (safer) login
  • Good search function
  • Easy to get lost among functions
mobile trading platform
3.8
  • User-friendly
  • Good search function
  • Price alerts
  • No two-step (safer) login
  • No Touch/Face ID login
4.7
  • User-friendly
  • Good search function
  • Price alerts
  • No advanced search filters
desktop trading platform
3.3
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Available in several languages
  • No two-step (safer) login
  • Poor design
3.3
  • Clear fee report
  • Good customizability (for charts, workspace)
  • Price alerts
  • No two-step (safer) login
  • Poor design
markets and products
2.0
  • Forex
  • CFD
  • Crypto
5.0
  • Stock
  • ETF
  • Forex
  • Fund
  • Bond
  • Options
  • Futures
  • CFD
  • Crypto
  • Themes trading
  • Robo-advisory
research
3.5
  • Trading ideas
  • User-friendly
  • Economic calendar
  • Limited interactive charting
  • Very low quality newsfeed
3.3
  • Good interactive chart
  • Trading ideas
  • Quality news flow
  • Limited fundamental data
  • Recommendations are not structured
customer service
3.4
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
  • Mediocre email support
4.4
  • Phone support
  • Live chat
  • Fast response time
  • No 24/7 support
  • Email answers are not always relevant
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
  • Banking background
  • Listed on stock exchange
recommended for Forex and CFD traders who prefer the MetaTrader platform Affluent investors who value safety and are OK with higher fees
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