Select Your Brokers to Compare
Webull vs HYCM : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
Webull
HYCM
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
Self-directed retail brokerage platform
Market maker
Years of Existence / Established Year
2017
1977
Customer Base / Number of Accounts
20 Million
No information
Regulation & Security
Regulations (governing bodies)
SEC, FINRA
FCA, DFSA, CySEC,CIMA
Awards Won (count for the last 2 years)
2024 Global Private Banking Awards
Most Trusted Broker 2023 UAE, Most Transparent Forex Broker 2023
Security Measures
SIPC, FIDC, Apex Clearing Corp upto $150 million
Tier-1 Client Fund Security
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
Yes
Yes
Negative Balance Protection
No
Yes
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
3,300 ETFs including OTC, Margin, Index options, US treasuries bonds
300+ instruments
Currency Pairs
No
Yes
Commodities
No
Yes
Indices
No
Yes
Cryptocurrencies
Yes
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
Yes
No
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
No
Yes
MT5
No
Yes
cTrader
No
No
Social Trading
Yes
Copy Trading
Yes
Yes
Other Trading Platforms (proprietary, etc.)
Desktop, Web, and Mobile apps
HYCM Trader, Web trader
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Individual, IRA, Futures, Advisor, Entity
Fixed, Classic and Raw account, Special account for VIP and corpoarte clients
Demo Account (Yes/No)
Yes
Yes
Islamic Accounts (Yes/No)
Yes
Yes
Minimum Deposit
$0
$20
Leverage Available
4:1 to 2:1
1:20- 1:500
Trade Limit (maximum per trade)
Unlimited number of day trades
250 for MT4 Unlimited for HYCM trader and MT5
Commission (per account type)
$0
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, Active and passive investor
Beginners traders
Deposit & Withdrawal Options
Deposit Methods
Bank linking, ACH, Wire Transfer, Debit card funding, Recurring deposit
Bank Transfer, Visa (credit/debit card), and Crypto wallet (cryptocurrency payments), e-wallets
Withdrawal Methods
ACH withdrawals
Bank Transfer, Visa (credit/debit card), and Crypto wallet (cryptocurrency payments), e-wallets
Other E-Wallets Supported
No
Neteller, Skrill, PayTrust, Fasapay, WebMoney, AstroPay, ZOTAPAY, and UPI
Tools & Educational Resources
Economic Calendar
Yes
Yes
Tools & Educational Resources (tutorials, webinars, market news, etc.)
Trading Education, Market News and Analysis, Webinars and Live Events, Trading Simulator, Financial Insights and Research
Forex Fundamentals, Trading Tools and Resources, Advanced Trading Concepts, Ethics and Compliance, Technology In Trading, Forex Market History
Fees & Commissions
Trading-Related Fees
Regulatory Transaction Fee- $0.0000278*Total $ Trade Amount, Regulatory Fee- $0.000166 * Total Trade Volume Min $0.01 per - Max $8.30 per, CAT Regulatory Fees- $0.000052 * Total Trade Volume, Low-Priced Securities- $0.0002 per share, F-stocks (foreign settlement)- Buys: $5.00 per trade, Sells: $0.05 per trade, liquidity Charge- Minimum Overnight Interest Rate: 15% Fee: $250, CAT Regulatory Fees- Buys & Sells: $0.00000072 * Total Trade Volume
Spread- 0.1 to 1.5 pips, Raw account - FX- $4 per round, Metals - $5 per round
Spread (typical, fixed, variable)
Variable
Variable /Fixed
Per Lot Fees
NA
$4 per round
Options Contract Fees
$0.10 per contract
NA
Futures Contract Fees
$1.50
NA
Markup Fees on Spread
1.50%
NA
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
4:1
1:500
Non-Trading Fees
Dormant Fees
$0
$10 inactive for 90 days
Subscription Fees (for premium features, data feeds)
NA
NA
Advisory Fees
NA
NA
Swap Fees (Overnight Financing)
NA
Yes
Statement or Document Fee
$2 for each confirmation, $5 for each account statement, and $2.5 for each prospectus mailing
NA
Account Opening Fee
$0
NA
Account Maintenance Fee
$0
$50
Deposit Fee
$8 for deposits in the U.S., $12.5 for international deposits
$0
Currency Conversion Fee
$10
$10
Withdrawal Fee
$25 for withdrawals in the U.S, and $45 for international withdrawals
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)
Pre-market trading from 4:00 AM to 9:30 AM EST
23: 01GMT on Sunday night and 21: 00 GMT on Friday night
Customer Support
Support Hours (e.g., 24/7, weekdays only)
24/7
24/5 For complaints 9:00 - 18.00 (GMT +3)
Customer Support Methods (phone, email, live chat)
E-mail: [email protected], call :1-888-828-0618, in app chat
Phone: +44 - 208 - 816 - 7812, E-mail:[email protected], Live chat
Support Languages
15+
15+
Additional Information
Headquarters Location
44 Wall Street, New York City
27-28 Clement's Lane, St Clement's HouseLondon EC4N 7AEUnited Kingdom
Complaints (for crypto brokers)
No
No
Explore More Broker Matchups
Here are more Comparisons to help you choose wisely
Our Latest Contents
Stay updated with our newest insights and guides!
Top Broker Reviews
Discover brokers trusted by global traders.
No