FP Markets vs. HYCM

FP Markets

$100 min. deposit

1:500 leverage

Updated Jan 2024

HYCM

$100 min. deposit

1:500 leverage

85% of retail CFD accounts lose money

Updated Jan 2024

  • Overall
    4.8 / 5
  • Markets
    5.0 / 5
  • Trading environment
    4.9 / 5
  • Deposits and withdrawals
    5.0 / 5
  • Investor protection
    4.0 / 5
  • Customer service
    5.0 / 5
  • Likes
  • Flexible leverage up to 1:500.
  • Trade over 1,000 financial instruments.
  • Trade on MT4/5 or cTrader without restrictions.
  • Copy trading service is available.
  • Customer support is available 24/7.
  • Dislikes
  • No TradingView integration is available for now.
  • No investor compensation fund in the event of bankruptcy.
  • Overall
    4.2 / 5
  • Markets
    5.0 / 5
  • Trading environment
    3.8 / 5
  • Deposits and withdrawals
    4.4 / 5
  • Investor protection
    3.8 / 5
  • Customer service
    4.0 / 5
  • Likes
  • Trade CFDs or invest in over 1,000 "real" stocks.
  • Trade on MetaTrader 4 or MetaTrader 5.
  • Get free signals from Trading Central.
  • Open a trading account in USD, EUR, GBP, CAD and AED.
  • Dislikes
  • Trading fees on its Fixed and Classic accounts are a little high.
  • Monthly inactivity fees apply after 90 days.
  • Copy trading isn't possible.

Easily navigate this review:

Markets
Asset classes (#)Visit FP Markets Visit HYCM
Forex (CFD)7267
Cryptos (CFD)*1228
Stocks (CFD)1000151
Stocks1080
Indices (CFD)1627
ETFs (CFD)46
Metals (CFD)1713
Energy (CFD)43
Commodities (CFD)54
Bonds (CFD)2

* Availability is subject to local laws and regulations.

Trading environment
PlatformsVisit FP Markets Visit HYCM
MT4
MT5
TradingView
cTrader
Copy trading
Other platformsIress
Deposits and withdrawals
Deposits and withdrawals (Fiat)Visit FP Markets Visit HYCM
Bank transfer
Broker to broker transfer
Debit card
Credit card
ApplePay
BPAY *
FasaPay
GooglePay
NETELLER *
Ngân Lượng
PayPal
Paytrust88
Perfect Money
Skrill *
WebMoney
Xpay
2c2p
Deposits and withdrawals (Crypto)Visit FP Markets Visit HYCM
BTC (Bitcoin)
BCH (Bitcoin Cash)
DASH (Dash)
DOGE (Dogecoin)
ETH (Ethereum)
LTC (Litecoin)
USDC (Circle)
USDT (Tether)
XRP (Ripple)
Account base currenciesVisit FP Markets Visit HYCM
AED
AUD
BRL
CAD
CHF
EUR
GBP
HKD
JPY
MXN
PLN
SGD
USD
ZAR
Investor protection
Regulated entitiesVisit FP Markets Visit HYCM
Australia
Cayman Islands
Cyprus (EU)
Kenya
South Africa
St. Vincent & the Grenadines
UAE
UK
FP Markets

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HYCM

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85% of retail CFD accounts lose money