HYCM vs FP Markets

HYCM vs FP Markets Comparison Table 2024
HYCM	FP Markets
Review 3.8	Review 4

HYCM is an online broker with authorization from four international bodies including the FCA and CySEC. The broker offers short-term CFD trading on forex, shares, commodities, indices, ETFs and Bitcoin, and supports the MT4 and MT5 platforms, as well as Trading Central analysis.	FP Markets is an ASIC- and CySEC-regulated broker that offers forex and CFD trading on a broad range of assets through the MT4, MT5 and IRESS platforms. With trading available through standard and raw spread accounts on thousands of international stocks, forex, indices, commodities, cryptocurrencies, bonds and ETFs, this broker has some of the most comprehensive market coverage available. FP Markets also offers a full range of additional features, including educational resources and access to powerful software such as Autochartist.
Bonus Offer
10% deposit bonus up to $5,000
Comment by Reviewer
"Traders looking for a multi-asset broker with good platform support, extra analysis features and strong regulation should try HYCM. The competitive raw-spread accounts will also serve scalpers and high-volume traders."	"We recommend FP Markets for forex and stock traders with 70+ currency pairs and an impressive 10,000+ stocks available as CFDs."
Pros
The low $20 minimum deposit is suitable for beginners, as well as the Fixed spread account with no commissions The broker is overseen by trusted regulators, including the FCA MT4 and MT5 integration ensures that active day traders can access a vast selection of technical charting tools There's a good range of free analytical tools, particularly Seasonax for pattern analysis Spreads are competitive in the Raw account, starting from 0.1 pips for EUR/USD Traders can access fee-free payments with rapid processing	Regulated and reputable broker with ASIC and CySEC oversight Tight spreads available on both the standard and raw spread account Good range of additional tools and features including educational content, Myfxbook and Autochartist Excellent line-up of charting platforms including MT4, MT5, cTrader and TradingView Bespoke copy trading platform High leverage up to 1:500
Cons
Not the best overall range of assets, with just 200+ stocks Market coverage varies quite significantly between account types and platforms There's a high commission of $4 each way on the Raw account	$55 subscription fee on IRESS accounts Withdrawal fees for some payment types Does not accept US customers
Awards
Best Forex Broker 2021-2022 - Spain, Middle East, Asia, Germany Best Trading Platform App 2021 - Forex Expo Best Mobile Trading App 2020 - World of Finance Forex Award	Best Global Forex Value Broker 2019 - Global Forex Awards Best Quality of Trade Execution 2019 - Investment Trends
Instruments
CFDs, Forex, Stocks, Indices, Commodities, ETFs	CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto
Demo Account
Yes	Yes
Minimum Deposit
$20	$100
Trading Platforms
HYCM Trader MT4 MT5 TradingCentral	MT4 MT5 cTrader TradingView AutoChartist TradingCentral
Payment Methods
Bitcoin Payments Ethereum Payments Mastercard Neteller Skrill Visa Wire Transfer	Credit Card Dragonpay FasaPay Mastercard Neteller Perfect Money Skrill Visa Wire Transfer
Minimum Trade
0.01 Lots	0.01 Lots
Regulator
FCA, DFSA, CIMA, CySEC	ASIC, CySEC, ESMA
Margin Trading
Yes	No
Margin Rate
Variable upon regulation and jurisdiction
STP Account
No	Yes
ECN Account
Yes	Yes
DMA Account
No	Yes
MAM Account
No	Yes
PAMM Account
No	Yes
LAMM Account
No	No
Demat Account
No	No
AI / Machine Learning
No	No
Robo Advisor
No	No
Negative Balance Protection
Yes	Yes
Market Maker
No	Yes
P2P Trading
No	No
Spot Trading
Yes	Yes
Mobile Apps
iOS & Android	iOS & Android
Android App Rating
3.6
iOS App Rating
3
Auto Trading
Expert Advisors (EAs) on MetaTrader	Expert Advisors (EAs) on MetaTrader
Copy Trading
No	Yes
Copy Trading Platform
	FP Markets Social Trading app allows for the straightforward mirroring of established traders with an easy-to-follow ranking system.
Social Trading
No	Yes
VPS Hosting
No	Yes
Tournaments
No	No
Demo Competitions
No	No
Ethical Investing
No	No
Custodial Account
No	No
Guaranteed Stop Loss
No	No
Inactivity Fee
$10	$0
Islamic Account
Yes	Yes
Account Currencies
USD EUR GBP RUB AED	USD EUR GBP CAD AUD JPY TRY CHF PLN CZK THB VND
Stock Exchanges
Australian Securities Exchange (ASX) Hang Seng	Australian Securities Exchange (ASX) Borsa Italiana CAC 40 Index France DAX GER 40 Index Dow Jones Euronext FTSE UK Index Hang Seng Hong Kong Stock Exchange IBEX 35 Japan Exchange Group London Stock Exchange Nasdaq National Stock Exchange Of India New York Stock Exchange
Commodities
Coffee Copper Cotton Gold Oil Palladium Platinum Silver Sugar	Aluminium Copper Corn Gold Iron Natural Gas Oil Palladium Platinum Silver Soybeans Steel Wheat
CFD Trading
HYCM traders can access CFDs on a range of stocks, indices, commodities and ETFs with floating spreads and maximum leverage varying by instrument. Clients also have a choice between two industry-leading platforms.	FP Markets' CFD trading covers a range of markets, including 10,000+ equities, indices, commodities, cryptocurrencies and ETFs. Spreads are tight and traders get fast execution speeds.
Leverage
1:301:500	1:30 (UK), 1:500 (Global)
FTSE Spread
1.5	1.64
GBPUSD Spread
0.1	1.9 average
Oil Spread
2.0	0.04
Stocks Spread
2.2%	Variable
Forex Trading
HYCM offers 40+ forex pairs, with most available to trade on either the MT4 or MT5 platform. The maximum leverage on offer is 1:30 in accordance with regulations, and tight spreads start from 0.2 on the Raw account and from 1.2 on the commission-free Classic account.	FP Markets is a good option for forex traders, with 70+ pairs covering an excellent range of currencies. Spreads are already tight on standard accounts and start from zero on raw spread accounts, and the broker offers high leverage up to 1:500 and top-tier liquidity.
GBPUSD Spread
0.4	1.9
EURUSD Spread
0.1	1.1
EURGBP Spread
0.4	1.7
Assets
40+	60+
Currency Indices
	USD
Cryptocurrency
HYCM only offers trading opportunities on Bitcoin, which is traded via CFD in a pair with USD. Whilst exposure to the largest crypto by market cap is good, access to other digital currencies would bring the broker in line with competitors.	Take positions on popular cryptocurrencies, including Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin with leveraged CFDs. However, you cannot directly buy and own crypto tokens.
Spread
Variable	Floating
Coins
BTC	ADA BCH BTC DOG DOT EOS ETH LNK LTX XRP SOL XLM
Crypto Lending
No	No
Crypto Mining
No	No
Crypto Staking
No	No
Auto Market Maker
No	No

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