FP Markets vs HYCM
Side-by-side comparison of regulation, trading costs, platforms, and account types for FP Markets and HYCM.
FP MarketsTrust 8.9/10
ASIC
CySEC
FSCA
Long-established AU broker since 2005. Raw account is among the cheapest in the industry. Strong execution and Iress platform for share CFDs.
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.
Quick verdict
- Trust: FP Markets has the higher trust score.
- EUR/USD spread: FP Markets is tighter on EUR/USD.
Side-by-side comparison
| Feature | FP Markets | HYCM |
|---|---|---|
| Trust score | 8.9 | 7.8 |
| Regulators | ASIC, CySEC, FSCA | FCA, DFSA, CIMA |
| Headquarters | — | United Kingdom |
| Founded | — | 1989 |
| Min deposit | $100 | $100 |
| Max leverage | 1:500 | 1:500 |
| EUR/USD spread | 0.10 pips | 0.20 pips |
| Commission per lot | $6 | $8 |
| 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 |
FP Markets is best for
Cost-conscious traders
Stock CFD traders
AU residents
HYCM is best for
Swing traders
Day traders
Algo traders