HYCM vs Plus500
Side-by-side comparison of regulation, trading costs, platforms, and account types for HYCM and Plus500.
HYCMTrust 7.8/10
FCA
DFSA
CIMA
Part of the Henyep Group operating since 1977 in financial services. FCA and DFSA-licensed with a Fixed account that suits volatile-period trading and a Raw account for tight ECN-style execution.
Plus500Trust 8.3/10
ASIC
FCA
CySEC
FMA-NZ
CFD specialist with proprietary platform. Listed on London Stock Exchange (PLUS.L). 7 global regulators including FMA-NZ. Best for ease of use, not for advanced trading.
Quick verdict
- Trust: Plus500 has the higher trust score.
- EUR/USD spread: HYCM is tighter on EUR/USD.
Side-by-side comparison
| Feature | HYCM | Plus500 |
|---|---|---|
| Trust score | 7.8 | 8.3 |
| Regulators | FCA, DFSA, CIMA | ASIC, FCA, CySEC, FMA-NZ, MAS, FSCA |
| Headquarters | United Kingdom | — |
| Founded | 1989 | — |
| Min deposit | $100 | $100 |
| Max leverage | 1:500 | 1:30 |
| EUR/USD spread | 0.20 pips | 0.80 pips |
| Commission per lot | $8 | $0.00 |
| Raw spread account | ||
| Standard account | ||
| Swap-free account | ||
| cTrader | ||
| MT4 | ||
| MT5 | ||
| TradingView | ||
| Scalping allowed | ||
| EAs / algo allowed | ||
| Hedging allowed | ||
| Copy trading | ||
| Deposit methods | Bank Wire, Credit/Debit Card, Skrill, Neteller | — |
| Withdrawal methods | Bank Wire, Credit/Debit Card, Skrill, Neteller | — |
| Withdrawal speed | 24h | — |
| Base currencies | USD, EUR, GBP | — |
HYCM is best for
Swing traders
Day traders
Algo traders
Plus500 is best for
Beginners
CFD traders
NZ residents wanting FMA-regulated broker