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E*TRADE vs HYCM : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
E*TRADE
HYCM
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
Both ECN and STP broker
Market maker
Years of Existence / Established Year
1982
1977
Customer Base / Number of Accounts
5.2 million client accounts
No information
Regulation & Security
Regulations (governing bodies)
FRS, FINRA, SIPC, SEC, NFA, FDIC
FCA, DFSA, CySEC,CIMA
Awards Won (count for the last 2 years)
Investor App and #1 Web Trading Platform for 2024, Benzinga's 2023 Global Fintech Awards
Most Trusted Broker 2023 UAE, Most Transparent Forex Broker 2023
Security Measures
SIPC
Tier-1 Client Fund Security
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
Yes
Yes
Negative Balance Protection
Yes
Yes
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
Over 50,000 offerings, including US Treasury trades
300+ instruments
Currency Pairs
No
Yes
Commodities
No
Yes
Indices
No
Yes
Cryptocurrencies
No
Yes
CFDs
No
Yes
ETFs
Yes
No
Stocks
Yes
Yes
Options
Yes
No
Futures
Yes
No
Bonds
Yes
No
Mutual Funds
Yes
No
Fractional Shares
Exchange Traded Notes (ETNs)
No
No
Precious Metals
No
No
Real Estate Investment Trusts (REITs)
No
No
Equities
No
No
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
No
Yes
MT5
No
Yes
cTrader
No
No
Social Trading
Yes
Copy Trading
No
Yes
Other Trading Platforms (proprietary, etc.)
Power Etrade web, Power Etrade app
HYCM Trader, Web trader
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Brokerage, Retirement, Core portfolio, Managed portfolio, Small business retirement , bank
Fixed, Classic and Raw account, Special account for VIP and corpoarte clients
Demo Account (Yes/No)
Yes
Yes
Islamic Accounts (Yes/No)
No
Yes
Minimum Deposit
$0
$20
Leverage Available
No
1:20- 1:500
Trade Limit (maximum per trade)
Depends on assets class
250 for MT4 Unlimited for HYCM trader and MT5
Commission (per account type)
No commission for fixed and classic accounts, Commissions for raw account: FX $4 per round, Metals $5 per round, Others $0 per round
Best Suited For (e.g., beginners, experienced traders)
Beginners to experienced traders
Beginners traders
Deposit & Withdrawal Options
Deposit Methods
Transfer money, Wire transfer, Transfer an account, Deposit a check ,Direct Deposit
Bank Transfer, Visa (credit/debit card), and Crypto wallet (cryptocurrency payments), e-wallets
Withdrawal Methods
E-wallets, check, Wire transfer
Bank Transfer, Visa (credit/debit card), and Crypto wallet (cryptocurrency payments), e-wallets
Other E-Wallets Supported
Electronic transfer
Neteller, Skrill, PayTrust, Fasapay, WebMoney, AstroPay, ZOTAPAY, and UPI
Tools & Educational Resources
Economic Calendar
No
Yes
Tools & Educational Resources (tutorials, webinars, market news, etc.)
Educational Resources, Tools, Market News and Insights, Tutorials and Webinars
Forex Fundamentals, Trading Tools and Resources, Advanced Trading Concepts, Ethics and Compliance, Technology In Trading, Forex Market History
Fees & Commissions
Trading-Related Fees
Stocks, options, mutual funds, ETFs- $0, Bonds- $1, FINRA trading activity fee- $0.000166
Spread- 0.1 to 1.5 pips, Raw account - FX- $4 per round, Metals - $5 per round
Spread (typical, fixed, variable)
NA
Variable /Fixed
Per Lot Fees
NA
$4 per round
Options Contract Fees
$0.65
NA
Futures Contract Fees
$1.50
NA
Markup Fees on Spread
NA
NA
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
No
1:500
Non-Trading Fees
Dormant Fees
$0
$10 inactive for 90 days
Subscription Fees (for premium features, data feeds)
NA
NA
Advisory Fees
0.30%
NA
Swap Fees (Overnight Financing)
NA
Yes
Statement or Document Fee
$2
NA
Account Opening Fee
NA
NA
Account Maintenance Fee
$15/ month
$50
Deposit Fee
$0
$0
Currency Conversion Fee
Direct trade-$0.005 per share, Broker assisted trader- $25
$10
Withdrawal Fee
Check return - $25, Electronic return -$25
e-wallets- 1%, Bank wires- $30, Others-$0
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
Yes
Yes
Customer Benefits (e.g., Retirement Plan)
Yes
No
Trading Hours
Trading Hours (for each asset class if applicable)
Sunday 5 p.m. CT to Friday 4 p.m. CT
23: 01GMT on Sunday night and 21: 00 GMT on Friday night
Customer Support
Support Hours (e.g., 24/7, weekdays only)
8 AM - 8 PM ET on weekdays
24/5 For complaints 9:00 - 18.00 (GMT +3)
Customer Support Methods (phone, email, live chat)
Live chat, FAQ, Phone- 800-387-2331, 800-838-0908, Beneficiary Services: [email protected] General inquiries: [email protected]
Phone: +44 - 208 - 816 - 7812, E-mail:[email protected], Live chat
Support Languages
1
15+
Additional Information
Headquarters Location
Arlington, Virginia, United States Buyenlarge, Getty
27-28 Clement's Lane, St Clement's HouseLondon EC4N 7AEUnited Kingdom
Complaints (for crypto brokers)
No
No
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