FP Markets vs HYCM 2026: Which Broker is Better?
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 ✓ | 3.6/5 |
| 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 3.6/5 on BrokerRank's independent rating. On fees, FP Markets offers lower spreads (0 pips).
See full side-by-side comparison belowFP Markets vs HYCM: Key Differences
FP Markets
HYCM
Still deciding between FP Markets and HYCM?
Skip the back-and-forth — answer 4 quick questions and we'll match you to your best fit.
Fees Comparison
FP Markets
HYCM
BrokerRank Verdict
Who Should Choose Which?
FP Markets
3.8/5
Choose FP Markets if you want…
- Higher overall rating (3.8/5)
- Tighter spreads (from 0 pips)
- More platforms (4 supported)
HYCM
3.6/5
Choose HYCM if you want…
- No per-trade commission
- More regulatory licences (3)
- More established (est. 1977)
Also consider
We earn a commission when you open an account through these links, at no extra cost to you. Our ratings are scored independently — see the full independent ranking.
Both FP Markets & HYCM are available in
Frequently Asked Questions
1Is FP Markets better than HYCM?
FP Markets scores higher overall on our independent rating system. FP Markets holds a 3.8/5 rating vs HYCM's 3.6/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
2Which has lower fees, FP Markets or HYCM?
FP Markets offers spreads from 0 pips, while HYCM starts at 0.2 pips. Check the fees section above for a full breakdown.
3What is the minimum deposit for FP Markets vs HYCM?
FP Markets requires a minimum deposit of $100. HYCM requires $100.
4Which broker is safer, FP Markets or HYCM?
FP Markets is regulated by ASIC, CySEC, while HYCM holds licences from FCA, CySEC, DFSA.
5What trading platforms do FP Markets and HYCM support?
FP Markets supports MT4, MT5, TradingView, Proprietary Mobile. HYCM supports MT4, MT5.
6Can I use both FP Markets and HYCM?
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Key Trading Terms
Related Guides
More Comparisons
BrokerRank Research
Only 26% of Brokers Are Truly Fee-Free
BrokerRank Research — Hidden costs across our broker database
58% of Brokers Hold a Single Licence
BrokerRank Research — Regulation quality analysis
71% of Retail Traders Lose Money
BrokerRank Research — Loss rates across 50 EU brokers
76% of Brokers Use Proprietary Platforms
BrokerRank Research — MT4 vs MT5 vs proprietary
Trading involves risk. Past performance is not indicative of future results. Capital at risk. Full risk disclosure.
Featured
Deriv
4.0Capital at risk · T&Cs apply
