FP Markets
HYCM
VS
Higher Rated
FP Markets
Capital at risk · T&Cs apply
In the competitive landscape of online trading, FP Markets and HYCM offer distinct advantages catering to different trader profiles. FP Markets, established in 2005 and regulated by ASIC, appeals to traders seeking low spreads, starting from 0 pips on its Raw account, and advanced platform options like TradingView. In contrast, HYCM, with its long-standing history since 1977 and robust regulatory oversight from FCA, CySEC, and DFSA, attracts traders who prioritise regulatory assurance and a diverse account structure, despite slightly higher spreads beginning at 0.2 pips. Both brokers offer extensive market access, but FP Markets is more suited for those valuing innovative platforms, while HYCM is ideal for traders focusing on regulatory security and longstanding industry presence.
FP Markets
HYCM
| FP Markets | HYCM | |
|---|---|---|
| BrokerRank Score | 3.8/5 ✓ | 3.4/5 |
| Min. Deposit | $100 | $100 |
| Spread from | 0 pips ✓ | 0.2 pips |
| Max Leverage | 1:500 | 1:500 |
| Regulation | ASIC, CySEC | FCA, CySEC, DFSA ✓ |
| Platforms | MT4, MT5, TradingView | MT4, MT5 |
FP Markets is the better choice overall, scoring 3.8/5 vs 3.4/5 on BrokerRank's independent rating. On fees, FP Markets offers lower spreads (0 pips).
See full side-by-side comparison belowFP Markets
HYCM
FP Markets
HYCM
FP Markets
3.8/5
Choose FP Markets if you want…
HYCM
3.4/5
Choose HYCM if you want…
FP Markets scores higher overall on our independent rating system. FP Markets holds a 3.8/5 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.
FP Markets offers spreads from 0 pips, while HYCM starts at 0.2 pips. Check the fees section above for a full breakdown.
FP Markets requires a minimum deposit of $100. HYCM requires $100.
FP Markets is regulated by ASIC, CySEC, while HYCM holds licences from FCA, CySEC, DFSA.
FP Markets supports MT4, MT5, TradingView, 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.