HYCM vs. NETELLER

Compare their range of markets, trading platforms, deposit and withdrawal methods, and much more.

Pros and Cons

HYCM

85% of retail CFD accounts lose money

  • Pros
  • Trade on MetaTrader 4 or MetaTrader 5.
  • Account base currencies: USD, EUR, GBP, CAD, AED, RUB.
  • Negative balance protection for all customers.
  • Regulated by FCA, CySEC, DFSA and CIMA.
  • Cons
  • You cannot buy shares or cryptocurrency (only CFDs).
  • Scalping is not allowed.
  • No copy trading platform.
  • Monthly inactivity fee after 90 days.
  • Awards
  • Best Forex Trading Platform Middle East, 2019
  • Best Forex Broker Middle East, 2018
  • Best Forex Broker Europe, 2018
NETELLER

  • Pros
  • Buy Bitcoin or other crypto-currencies.
  • Easily send money to any email address.
  • Deposit money with hundreds of Forex brokers.
  • Spend or withdraw profits with a prepaid Mastercard.
  • Cons
  • 2.5% fee on deposits under US$ 20,000.
  • Not suited for day trading because of its currency exchange fees.
  • Monthly inactivity fee after 12 months.

Markets

Asset classesHYCM ▷NETELLER ▷
Forex (CFD)NA
Cryptos (CFD)NA
CryptosNA
Stocks (CFD)NA
Indices (CFD)NA
ETFs (CFD)NA
Metals (CFD)NA
Energy (CFD)NA
Commodities (CFD)NA
Asset classes (#)HYCM ▷NETELLER ▷
Forex (CFD)69NA
Cryptos (CFD)19NA
CryptosNA9
Stocks (CFD)149NA
Indices (CFD)28NA
ETFs (CFD)19NA
Metals (CFD)9NA
Energy (CFD)3NA
Commodities (CFD)4NA

Trading platforms

Trading platformsHYCM ▷NETELLER ▷
MetaTrader 4NA
MetaTrader 5NA
cTraderNA
CurrenexNA
Copy tradingNA
Mirror tradingNA
Operating systemsHYCM ▷NETELLER ▷
Web trader
Android
iOS

Account funding

Deposits and withdrawalsHYCM ▷NETELLER ▷
Bank transfer
Credit card
Debit card
BitcoinNA
Bitcoin CashNA
BPAYNA
China UnionPayNA
NETELLER
paysafecardNA
POLiNA
Przelewy24NA
QIWI WalletNA
Skrill
WebMoneyNA
Yandex.MoneyNA
Account base currenciesHYCM ▷NETELLER ▷
AED - UAE DirhamNA
CAD - Canadian DollarNA
EUR - EuroNA
GBP - British PoundNA
RUB - Russian RoubleNA
USD - U.S. DollarNA

Regulators

Company informationHYCM ▷NETELLER ▷
Company nameHenyep Capital Markets (UK) LimitedPaysafe Financial Services Limited
Head officeLondon, UKLondon, UK
Incorporation date19771999
RegulatorsHYCM ▷NETELLER ▷
Cayman IslandsRef. No. 1442313NA
CySECCySEC No. 259/14NA
UAEHYCM (DIFC)NA
UKFCA No. 186171FCA No. 900015

HYCM

85% of retail CFD accounts lose money