E*TRADE
HYCM
VS
Higher Rated
E*TRADE
Capital at risk · T&Cs apply
In comparing E*TRADE and HYCM, traders will notice distinct differences in market offerings and target audiences. E*TRADE, with a focus on zero-commission stock and ETF trading, is ideal for U.S.-based investors interested in a robust options trading platform and comprehensive educational resources, albeit without forex and CFD trading. In contrast, HYCM caters to a more global clientele with a diverse range of markets including forex and cryptocurrencies, appealing to traders seeking high leverage and a choice between MT4 and MT5 platforms. Each broker's unique strengths make them suitable for different trading strategies and preferences, with E*TRADE excelling in options and U.S. equities, and HYCM offering broader market access and leverage options.
E*TRADE
HYCM
| E*TRADE | HYCM | |
|---|---|---|
| BrokerRank Score | 3.6/5 ✓ | 3.4/5 |
| Min. Deposit | $0 ✓ | $100 |
| Spread from | 0 pips ✓ | 0.2 pips |
| Max Leverage | 1:4 | 1:500 ✓ |
| Regulation | SEC, CFTC | FCA, CySEC, DFSA ✓ |
| Platforms | Proprietary Web, Proprietary Mobile | MT4, MT5 |
E*TRADE is the better choice overall, scoring 3.6/5 vs 3.4/5 on BrokerRank's independent rating. On fees, E*TRADE offers lower spreads (0 pips).
See full side-by-side comparison belowE*TRADE
WinnerHYCM
E*TRADE
Lower feesHYCM
E*TRADE
3.6/5
Choose E*TRADE if you want…
HYCM
3.4/5
Choose HYCM if you want…
E*TRADE scores higher overall on our independent rating system. E*TRADE holds a 3.6/5 rating vs HYCM's 3.4/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
E*TRADE offers spreads from 0 pips, while HYCM starts at 0.2 pips. Check the fees section above for a full breakdown.
E*TRADE requires a minimum deposit of $0. HYCM requires $100.
E*TRADE is regulated by SEC, CFTC, while HYCM holds licences from FCA, CySEC, DFSA.
E*TRADE supports Proprietary Web, Proprietary Mobile. HYCM supports MT4, MT5.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
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Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.