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

Broker Name

Robinhood

HYCM

Broker Overview

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

STP

Market maker

Years of Existence / Established Year

2013

1977

Customer Base / Number of Accounts

24.2 M

No information

Regulation & Security

Regulations (governing bodies)

FINRA,SIPC, SEC

FCA, DFSA, CySEC,CIMA

Awards Won (count for the last 2 years)

Future Trends Corporates Award -2024, Future Trends Leader Award- 2024

Most Trusted Broker 2023 UAE, Most Transparent Forex Broker 2023

Security Measures

SIPC, FDIC

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)

5000+ trading instruments

300+ instruments

Currency Pairs

Yes

Commodities

Yes

Indices

Yes

Cryptocurrencies

Yes

CFDs

Yes

ETFs

Yes

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.)

Mobile, web trading, Desktop trading

HYCM Trader, Web trader

Platform Compatibility (Windows, Mac, iOS, Android)

Yes

Account Types & Conditions

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

Margin, IRA, and cash account

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

2:1

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

Beginners traders

Deposit & Withdrawal Options

Deposit Methods

ACH, Instant bank transfer, Debit card, Wire transfer

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

Withdrawal Methods

Instant bank transfer, Debit card, Standard bank transfer

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.)

Learning Tutorials, Webinars, Market news and insights, Support and community

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

Fees & Commissions

Trading-Related Fees

Exchange and regulatory fees: $55 per trade, with a maximum of $0.02, Margin fees: 5.75%

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

$0.01

Futures Contract Fees

Markup Fees on Spread

0.50%

Guaranteed Stop Loss Fees

Maximum Leverage

2:1

1:500

Non-Trading Fees

Dormant Fees

$10 inactive for 90 days

Subscription Fees (for premium features, data feeds)

$5 per month

Advisory Fees

Swap Fees (Overnight Financing)

Yes

Statement or Document Fee

$2 per month

Account Opening Fee

Account Maintenance Fee

$50

Deposit Fee

Currency Conversion Fee

0.03%

$10

Withdrawal Fee

Withdrawal : 1.75%, Bank transfers- 0, Outgoing wire transfer $25 Domestic overnight check delivery $20, ACATS, Outgoing $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)

8 PM ET Sunday until 8 PM ET Friday

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

Customer Support

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

7 AM - 9 PM ET

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

Customer Support Methods (phone, email, live chat)

App chat 24/7 , Phone- 650-761-7789, Robinhood Crypto- 888-275-8523

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

Support Languages

15+

Additional Information

Headquarters Location

Menlo Park, California , U.S.

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.

If minimizing trading costs is your top priority, Robinhood might be more attractive due to its lower commissions. Meanwhile, HYCM justifies its moderate fees with more robust tools and professional-grade features.

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

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

Robinhood delivers a robust ecosystem for seasoned traders, whereas HYCM focuses on ease of access and modern usability.

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