HYCM
Motilal Oswal
VS
Higher Rated
HYCM
Capital at risk · T&Cs apply
Choosing between HYCM and Motilal Oswal depends on your trading style, preferred markets, and budget. HYCM is headquartered in London, UK, while Motilal Oswal operates from Mumbai, India. HYCM has the longer track record, established in 1977, compared to Motilal Oswal which was founded in 1987. 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
Motilal Oswal
HYCM is the better choice overall, scoring 3.4/5 vs 3.3/5 on BrokerRank's independent rating. On fees, Motilal Oswal offers lower spreads (0 pips).
See full side-by-side comparison belowOverall Rating
HYCM
3.4 vs 3.3
Lowest Fees
Motilal Oswal
0.2 vs 0 pips
Regulation
HYCM
3 vs 1 licences
Min. Deposit
Motilal Oswal
$100 vs $0
HYCM
Motilal Oswal
HYCM
Motilal Oswal
Lower feesHYCM holds licences from FCA, CySEC, DFSA. Motilal Oswal is regulated by SEBI.
Both brokers offer access to Stocks, Indices, Commodities markets. HYCM additionally covers Forex, Cfd. Motilal Oswal adds Etf, Crypto.
On spreads, Motilal Oswal is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.2 pips at HYCM.
HYCM supports MT4, MT5. Motilal Oswal offers Proprietary Web, Proprietary Mobile, MO Investor.
HYCM requires a minimum deposit of $100, while Motilal Oswal sets no minimum deposit. This makes Motilal Oswal accessible to traders with any budget.
BrokerRank scores HYCM at 3.43/5 and Motilal Oswal at 3.26/5, 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 Motilal Oswal'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 Motilal Oswal starts at 0 pips. Check the fees section above for a full breakdown.
HYCM requires a minimum deposit of $100. Motilal Oswal requires $0.
HYCM is regulated by FCA, CySEC, DFSA, while Motilal Oswal holds licences from SEBI.
HYCM supports MT4, MT5. Motilal Oswal supports Proprietary Web, Proprietary Mobile, MO Investor.
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.