HYCM vs Plus500 : Fees, Safety & Trading Conditions Compared (2026)

Broker Name

HYCM

Plus500

Broker Overview

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

Market maker

Years of Existence / Established Year

1977

2008

Customer Base / Number of Accounts

No information

20 Million

Regulation & Security

Regulations (governing bodies)

FCA, DFSA, CySEC,CIMA

FCA, CYSEC, ASIC, FMA, FSCA, FSP, ISA, FSA, MAS, DFSA, FSA, SCB

Awards Won (count for the last 2 years)

Most Trusted Broker 2023 UAE, Most Transparent Forex Broker 2023

Best in Class for Trust Score 2024, GLOBAL TRADING ADVFN International Financial Awards

Security Measures

Tier-1 Client Fund Security

Anti-Money Laundering

SSL Encryption / 2FA

Yes

Segregated Funds

Yes

Negative Balance Protection

Yes

Trading Instruments/Products Offered

Assets Types / Trading Instruments (total count and breakdown)

300+ instruments

2800+

Currency Pairs

Yes

Commodities

Yes

Indices

Yes

Cryptocurrencies

Yes

CFDs

Yes

ETFs

Stocks

Yes

Options

Yes

Futures

Yes

Bonds

Mutual Funds

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.)

HYCM Trader, Web trader

Mobile and web trading platform

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Account Types & Conditions

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

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

Retail Account & Demo Account

Demo Account (Yes/No)

Yes

Islamic Accounts (Yes/No)

Yes

Minimum Deposit

$20

$100

Leverage Available

1:20- 1:500

1:30

Trade Limit (maximum per trade)

250 for MT4 Unlimited for HYCM trader and MT5

Depends on the asset type

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 traders

Experienced traders

Deposit & Withdrawal Options

Deposit Methods

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

Credit, Debit, Master card, Bank transfer, e-wallets

Withdrawal Methods

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

Credit, Debit, Master card, Bank transfer, e-wallets

Other E-Wallets Supported

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

PayPal, Skrill

Tools & Educational Resources

Economic Calendar

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

Trading Academy Online Courses, Market News and Analysis, Webinars, Trading Guides and eBooks, Video Tutorials, Trader's Guide Beginner's Guide

Fees & Commissions

Trading-Related Fees

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

Commission-$0

Spread (typical, fixed, variable)

Variable /Fixed

Variable

Per Lot Fees

$4 per round

Options Contract Fees

Futures Contract Fees

Markup Fees on Spread

Guaranteed Stop Loss Fees

Maximum Leverage

1:500

1:30

Non-Trading Fees

Dormant Fees

$10 inactive for 90 days

$10 per month inactive for three months

Subscription Fees (for premium features, data feeds)

Advisory Fees

Swap Fees (Overnight Financing)

Yes

Statement or Document Fee

Account Opening Fee

Account Maintenance Fee

$50

Deposit Fee

Currency Conversion Fee

$10

0.70%

Withdrawal Fee

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

Bonuses, Promotions & Benefits

Bonuses, Promotions, and Referrals

Yes

Customer Benefits (e.g., Retirement Plan)

Trading Hours

Trading Hours (for each asset class if applicable)

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

Depends on the instrument offer

Customer Support

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

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

24/7

Customer Support Methods (phone, email, live chat)

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

Call +65 6320 1111 or +65 6320 1119, Email to Plus500's customer support, Live chat

Support Languages

15+

32+

Additional Information

Headquarters Location

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

Menachem Begin 125 Tel Aviv, Israel.

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.

HYCM is known for competitive pricing on basic trades, especially for beginners. However, Plus500 fee structure, though slightly higher, covers a broader range of services, making it more suitable for active traders.

If speed and simplicity matter to you, HYCM delivers a streamlined account setup. In contrast, Plus500 includes more documentation and KYC checks, which can delay access but ensures strong compliance.

HYCM excels in real-time trade execution with minimal latency, whereas Plus500 complements its execution with strong analytical modules and educational support within the platform.

HYCM caters to serious traders who value advanced features, whereas Plus500 appeals to beginners due to its user-friendly platform.

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