Sofi Active Investing vs HYCM : Fees, Safety & Trading Conditions Compared (2026)

Broker Name

Sofi Active Investing

HYCM

Broker Overview

Broker Type (e.g., Market Maker, ECN/STP)

Market maker

Years of Existence / Established Year

2019

1977

Customer Base / Number of Accounts

6.2+ Million

No information

Regulation & Security

Regulations (governing bodies)

SEC, FINRA

FCA, DFSA, CySEC,CIMA

Awards Won (count for the last 2 years)

No major awards listed

Most Trusted Broker 2023 UAE, Most Transparent Forex Broker 2023

Security Measures

SIPC

Tier-1 Client Fund Security

SSL Encryption / 2FA

Yes

Segregated Funds

Yes

Negative Balance Protection

Yes

Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

IPO, IRA, Shares

300+ instruments

Currency Pairs

Yes

Commodities

Yes

Indices

Yes

Cryptocurrencies

Yes

CFDs

Yes

ETFs

Yes

Stocks

Yes

Options

Yes

Futures

Bonds

Mutual Funds

Yes

Fractional Shares

Yes

Exchange Traded Notes (ETNs)

Precious Metals

Real Estate Investment Trusts (REITs)

Equities

Trading Platforms & Technology

Trading Platform Availability

Yes

MT4

Yes

MT5

Yes

cTrader

Social Trading

Yes

Copy Trading

Yes

Other Trading Platforms (proprietary, etc.)

Mobile and Web app

HYCM Trader, Web trader

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Account Types & Conditions

Account Types (Retail, Pro, VIP, etc.)

Individual brokerage, IRA (Traditional, Roth, SEP)

Fixed, Classic and Raw account, Special account for VIP and corpoarte clients

Demo Account (Yes/No)

Yes

Islamic Accounts (Yes/No)

Yes

Minimum Deposit

$20

Leverage Available

1:20- 1:500

Trade Limit (maximum per trade)

Account Equity < $25,000: No Day Trades

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)

Passive investors

Beginners traders

Deposit & Withdrawal Options

Deposit Methods

Bank transfers (ACH), direct deposit from linked bank accounts

Bank Transfer, Visa (credit/debit card), and Crypto wallet (cryptocurrency payments), e-wallets

Withdrawal Methods

ACH transfer back to linked bank accounts

Bank Transfer, Visa (credit/debit card), and Crypto wallet (cryptocurrency payments), e-wallets

Other E-Wallets Supported

Neteller, Skrill, PayTrust, Fasapay, WebMoney, AstroPay, ZOTAPAY, and UPI

Tools & Educational Resources

Economic Calendar

Yes

Tools & Educational Resources (tutorials, webinars, market news, etc.)

Learn (Investing Education), Market Insights and Analysis, Webinars, Investing Guides, Financial Planning Tools, Sofi Insights (Market News)

Forex Fundamentals, Trading Tools and Resources, Advanced Trading Concepts, Ethics and Compliance, Technology In Trading, Forex Market History

Fees & Commissions

Trading-Related Fees

Stocks, ETFs-$0,Commission -$0

Spread- 0.1 to 1.5 pips, Raw account - FX- $4 per round, Metals - $5 per round

Spread (typical, fixed, variable)

Variable /Fixed

Per Lot Fees

$4 per round

Options Contract Fees

$0- $5

Futures Contract Fees

Markup Fees on Spread

Guaranteed Stop Loss Fees

Maximum Leverage

1:500

Non-Trading Fees

Dormant Fees

$25

$10 inactive for 90 days

Subscription Fees (for premium features, data feeds)

Advisory Fees

Depending on assets type, Professional charges- 1% , annual advisory fees as low as 0.25%

Swap Fees (Overnight Financing)

Yes

Statement or Document Fee

$5 paper statement fee

Account Opening Fee

Account Maintenance Fee

$50

Deposit Fee

Currency Conversion Fee

$10

Withdrawal Fee

Outgoing ACAT transfers $100

e-wallets- 1%, Bank wires- $30, Others-$0

Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Customer Benefits (e.g., Retirement Plan)

Yes

Trading Hours

Trading Hours (for each asset class if applicable)

Depends on the instrument offer

23: 01GMT on Sunday night and 21: 00 GMT on Friday night

Customer Support

Support Hours (e.g., 24/7, weekdays only)

Monday - Friday 5am-5pm PT

24/5 For complaints 9:00 - 18.00 (GMT +3)

Customer Support Methods (phone, email, live chat)

Live chat, Phone: 855-456-7634, Virtual assistant

Phone: +44 - 208 - 816 - 7812, E-mail:[email protected], Live chat

Support Languages

15+

Additional Information

Headquarters Location

San Francisco, California.

27-28 Clement's Lane, St Clement's HouseLondon EC4N 7AEUnited Kingdom

Complaints (for crypto brokers)

At TradingCritique, we don't just list brokers. We test, compare, and simplify your decision-making. Whether you're a beginner or a pro, our data-driven comparisons are built to match your trading style and region. Learn how we Evaluate a broker.

Sofi Active Investing is known for competitive pricing on basic trades, especially for beginners. However, HYCM fee structure, though slightly higher, covers a broader range of services, making it more suitable for active traders.

Sofi Active Investing uses a digital-first onboarding approach with clear instructions and fast ID verification. HYCM goes a step further with manual checks and optional account tiers, ideal for serious professionals.

Sofi Active Investing integrates well with algorithmic trading tools and third-party plugins. In contrast, HYCM emphasizes educational content and built-in research features within its platform.

Sofi Active Investing is geared toward frequent trading and analytics, while HYCM fits those who value simplicity and guided experiences.

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