HYCM vs Stake - BrokerCue
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Broker Comparison

HYCM vs Stake

Compare HYCM and Stake side by side: fees, regulation, platforms.

HYCM

HYCM

Experienced forex and CFD traders

HYCM is a multi-regulated forex and CFD broker backed by Henyep Group, offering MetaTrader 4 and MetaTrader 5โ€ฆ

VS
Stake

Stake

Australian investors in US and ASX stocks

Stake is an Australian investing platform offering access to 12,000+ US and ASX-listed stocks and ETFs at A$3โ€ฆ

Head-to-head comparison

HYCM vs Stake
Feature HYCM Stake
Minimum deposit - -
Stock trading fee Available as CFDs; pricing via spread A$3 or US$3 per trade; 0.01% for orders above A$/US$30,000
Regulators FCA, DFSA, CIMA ASIC, SEC, FINRA
Best for Experienced forex and CFD traders Australian investors in US and ASX stocks
Markets & account
Stocks
ETFs
-
Forex
-
CFDs
-
Margin
-
Multi Currency
Demo Account
-
Fractional Shares
-

Pros & cons

HYCM

HYCM

Pros

  • FCA-regulated with FSCS protection up to ยฃ85,000
  • Raw account spreads from 0.1 pips on forex
  • Low swap rates suit swing and position traders
  • Low minimum deposit of $20
  • Free demo account available
  • Multiple account types including Fixed, Classic and Raw
  • Backed by Henyep Group, a financial conglomerate established in 1977

Cons

  • Fixed and Classic account spreads above industry average
  • CySEC license voluntarily renounced in June 2024 - no EU regulated entity
  • Crypto CFDs unavailable to UK FCA-regulated clients
  • $10 monthly inactivity fee after 90 days
  • $30 fee on bank wire withdrawals under $300
  • No copy trading or social trading features
  • No TradingView or cTrader integration
  • Demo accounts expire after 90 days
Stake

Stake

Pros

  • Flat A$3 or US$3 brokerage on trades up to A$/US$30,000
  • CHESS-sponsored ASX trading with individual HIN
  • Fractional shares available for US stocks from US$10
  • Access to 12,000+ US and ASX-listed equities
  • Extended pre-market and after-hours US trading
  • No inactivity fee and no account management fee
  • iOS and Android mobile apps

Cons

  • Limited to US and Australian markets only - no European, Asian or other exchanges
  • 55 basis-point FX conversion fee on USD deposits
  • No fractional shares for ASX stocks
  • No CFDs, options, futures, margin trading or crypto
  • No demo account
  • Stake Black subscription required for analyst ratings, market depth and advanced data
  • Customer support limited to email and phone - no live chat
HYCM

HYCM

HYCM is a multi-regulated forex and CFD broker backed by Henyep Group, offering MetaTrader 4 and MetaTrader 5 across forex, indices, commodities, stocks and crypto.

Your capital is at risk. Other fees apply.

Stake

Stake

Stake is an Australian investing platform offering access to 12,000+ US and ASX-listed stocks and ETFs at A$3 or US$3 per trade.

Your capital is at risk. Other fees apply.

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