HYCM
FxPesa
VS
Higher Rated
HYCM
Capital at risk · T&Cs apply
Choosing between HYCM and FxPesa depends on your trading style, preferred markets, and budget. HYCM is headquartered in London, UK, while FxPesa operates from Nairobi, Kenya. HYCM has the longer track record, established in 1977, compared to FxPesa which was founded in 2019. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
HYCM
FxPesa
HYCM is the better choice overall, scoring 3.4/5 vs 3.3/5 on BrokerRank's independent rating. On fees, HYCM offers lower spreads (0.2 pips).
See full side-by-side comparison belowOverall Rating
HYCM
3.4 vs 3.3
Lowest Fees
HYCM
0.2 vs 0.6 pips
Regulation
HYCM
3 vs 1 licences
Min. Deposit
HYCM
$100 vs $5
HYCM
WinnerFxPesa
HYCM
Lower feesFxPesa
HYCM holds licences from FCA, CySEC, DFSA. FxPesa is regulated by CMA.
Both brokers offer access to Forex, Cfd, Indices, Commodities markets. HYCM additionally covers Stocks. FxPesa adds Crypto.
On spreads, HYCM is more competitive with EUR/USD spreads from 0.2 pips, compared to 0.6 pips at FxPesa.
HYCM supports MT4, MT5. FxPesa offers MT5, Proprietary Web, Proprietary Mobile. Both brokers are available on MT5.
HYCM requires a minimum deposit of $100, while FxPesa sets a minimum deposit of $5. Both are suitable for traders with moderate starting capital.
BrokerRank scores HYCM at 3.43/5 and FxPesa at 3.27/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. HYCM leads overall with a clear advantage.
HYCM scores higher overall on our independent rating system. HYCM holds a 3.4/5 rating vs FxPesa's 3.3/5. The best choice ultimately depends on your trading style — see our full verdict above for a detailed breakdown.
HYCM offers spreads from 0.2 pips, while FxPesa starts at 0.6 pips. Check the fees section above for a full breakdown.
HYCM requires a minimum deposit of $100. FxPesa requires $5.
HYCM is regulated by FCA, CySEC, DFSA, while FxPesa holds licences from CMA.
HYCM supports MT4, MT5. FxPesa supports MT5, Proprietary Web, Proprietary Mobile.
Yes, you can hold accounts at multiple brokers simultaneously. Many traders diversify across platforms to access different markets and tools.
Only 26% of Brokers Are Truly Fee-Free
BrokerRank Research — Hidden costs across 345 brokers
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.