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HYCM vs TD Direct Investing : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
HYCM
TD Direct Investing
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
Market maker
None
Years of Existence / Established Year
1977
1984
Customer Base / Number of Accounts
No information
17 M
Regulation & Security
Regulations (governing bodies)
FCA, DFSA, CySEC,CIMA
CIPF, CIRO
Awards Won (count for the last 2 years)
Most Trusted Broker 2023 UAE, Most Transparent Forex Broker 2023
No major awards listed
Security Measures
Tier-1 Client Fund Security
CIPF
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)
300+ instruments
Fixed income investments, GICs
Currency Pairs
Yes
No
Commodities
Yes
No
Indices
Yes
No
Cryptocurrencies
Yes
Yes
CFDs
Yes
No
ETFs
No
Yes
Stocks
Yes
Yes
Options
No
Yes
Futures
No
No
Bonds
No
Yes
Mutual Funds
No
Yes
Fractional Shares
Exchange Traded Notes (ETNs)
No
No
Precious Metals
No
Yes
Real Estate Investment Trusts (REITs)
No
No
Equities
No
Yes
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
Yes
No
MT5
Yes
No
cTrader
No
No
Social Trading
No
Copy Trading
Yes
No
Other Trading Platforms (proprietary, etc.)
HYCM Trader, Web trader
TD app, web trader, Advanced dashboard, TD active trader
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Fixed, Classic and Raw account, Special account for VIP and corpoarte clients
Margin account, cash trading account, TFSA, RSP, RESP, RIF, LIRA, LIF, RDSP
Demo Account (Yes/No)
Yes
No
Islamic Accounts (Yes/No)
Yes
No
Minimum Deposit
$20
$0
Leverage Available
1:20- 1:500
No
Trade Limit (maximum per trade)
250 for MT4 Unlimited for HYCM trader and MT5
Depends on asset types
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
NA
Best Suited For (e.g., beginners, experienced traders)
Beginners traders
Beginners and experienced traders
Deposit & Withdrawal Options
Deposit Methods
Bank Transfer, Visa (credit/debit card), and Crypto wallet (cryptocurrency payments), e-wallets
Direct bank account, Check
Withdrawal Methods
Bank Transfer, Visa (credit/debit card), and Crypto wallet (cryptocurrency payments), e-wallets
SWIP, Wire payment
Other E-Wallets Supported
Neteller, Skrill, PayTrust, Fasapay, WebMoney, AstroPay, ZOTAPAY, and UPI
No
Tools & Educational Resources
Economic Calendar
Yes
Yes
Tools & Educational Resources (tutorials, webinars, market news, etc.)
Forex Fundamentals, Trading Tools and Resources, Advanced Trading Concepts, Ethics and Compliance, Technology In Trading, Forex Market History
Learning Centre - Investing Education, Market Insights and Analysis, Webinars, Investing Guides, Video Tutorials, TD Direct Investing Community Forum
Fees & Commissions
Trading-Related Fees
Spread- 0.1 to 1.5 pips, Raw account - FX- $4 per round, Metals - $5 per round
Commission -mutual funds- $0 , IPOs, Equities- $7.00- $9.99, Stock - $3- $43, Bonds- $40 + $1.50/1,000
Spread (typical, fixed, variable)
Variable /Fixed
NA
Per Lot Fees
$4 per round
NA
Options Contract Fees
NA
$9.99 + $1.25 per contract
Futures Contract Fees
NA
NA
Markup Fees on Spread
NA
NA
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
1:500
No
Non-Trading Fees
Dormant Fees
$10 inactive for 90 days
NA
Subscription Fees (for premium features, data feeds)
NA
NA
Advisory Fees
NA
NA
Swap Fees (Overnight Financing)
Yes
NA
Statement or Document Fee
NA
$2-$5
Account Opening Fee
NA
Applicable, Depends on account types
Account Maintenance Fee
$50
$25 per quarter
Deposit Fee
$0
$17.50 U.S
Currency Conversion Fee
$10
2.50%
Withdrawal Fee
e-wallets- 1%, Bank wires- $30, Others-$0
$30-$100
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
Yes
Yes
Customer Benefits (e.g., Retirement Plan)
No
Yes
Trading Hours
Trading Hours (for each asset class if applicable)
23: 01GMT on Sunday night and 21: 00 GMT on Friday night
Pre-market trading hours (8 a.m. to 9:30 a.m. ET) and after-hours trading (4 p.m. to 8 p.m. ET)
Customer Support
Support Hours (e.g., 24/7, weekdays only)
24/5 For complaints 9:00 - 18.00 (GMT +3)
Monday to Friday, 7 am to 10 pm ET
Customer Support Methods (phone, email, live chat)
Phone: +44 - 208 - 816 - 7812, E-mail:[email protected], Live chat
Phone: 1-800-465-5463, , Book an appointment
Support Languages
15+
4
Additional Information
Headquarters Location
27-28 Clement's Lane, St Clement's HouseLondon EC4N 7AEUnited Kingdom
66 Wellington Street West, Toronto, ON M5K 1A2
Complaints (for crypto brokers)
No
No
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