Pepperstone
HYCM
VS
Higher Rated
Pepperstone
Capital at risk · T&Cs apply
Choosing between Pepperstone and HYCM depends on your trading style, preferred markets, and budget. Pepperstone is headquartered in Melbourne, Australia, while HYCM operates from London, UK. HYCM has the longer track record, established in 1977, compared to Pepperstone which was founded in 2010. This in-depth comparison covers regulation, fees, platforms, markets, and overall ratings to help you decide which broker is the better fit in 2026.
Pepperstone
HYCM
| Pepperstone | HYCM | |
|---|---|---|
| BrokerRank Score | 4.1/5 ✓ | 3.4/5 |
| Min. Deposit | $200 | $100 ✓ |
| Spread from | 0 pips ✓ | 0.2 pips |
| Max Leverage | 1:500 | 1:500 |
| Regulation | ASIC, FCA, CySEC | FCA, CySEC, DFSA |
| Platforms | MT4, MT5, TradingView | MT4, MT5 |
Pepperstone is the better choice overall, scoring 4.1/5 vs 3.4/5 on BrokerRank's independent rating. On fees, Pepperstone offers lower spreads (0 pips).
See full side-by-side comparison belowPepperstone
WinnerHYCM
Pepperstone
HYCM
Pepperstone holds licences from ASIC, FCA, CySEC. HYCM is regulated by FCA, CySEC, DFSA.
Both brokers offer access to Forex, Cfd, Stocks, Indices markets. Pepperstone additionally covers Crypto. HYCM adds Commodities.
On spreads, Pepperstone is more competitive with EUR/USD spreads from 0.0 pips, compared to 0.2 pips at HYCM.
Pepperstone supports MT4, MT5, TradingView, Proprietary Mobile. HYCM offers MT4, MT5. Both brokers are available on MT4, MT5.
Pepperstone requires a minimum deposit of $200, while HYCM sets a minimum deposit of $100. Both are suitable for traders with moderate starting capital.
BrokerRank scores Pepperstone at 4.12/5 and HYCM at 3.43/5, based on 50+ data points covering regulation, fees, platforms, markets, and user experience. Pepperstone leads overall with a clear advantage.
Pepperstone
4.1/5
Choose Pepperstone if you want…
HYCM
3.4/5
Choose HYCM if you want…
Pepperstone scores higher overall on our independent rating system. Pepperstone holds a 4.1/5 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.
Pepperstone offers spreads from 0 pips, while HYCM starts at 0.2 pips. Check the fees section above for a full breakdown.
Pepperstone requires a minimum deposit of $200. HYCM requires $100.
Pepperstone is regulated by ASIC, FCA, CySEC, while HYCM holds licences from FCA, CySEC, DFSA.
Pepperstone 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.