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FP Markets vs HYCM 2021

Is FP Markets better than HYCM ? In our analysis of 23 international regulators across 50 brokers, FP Markets is considered average-risk, with an overall Trust Score of 81 out of 99. HYCM is considered average-risk, with an overall Trust Score of 84 out of 99. Learn more about Trust Score.


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature FP Markets HYCM
Overall 4 3.5
Commissions & Fees 5 3.5
Offering of Investments 4.5 3
Platforms & Tools 4 3.5
Mobile Trading 4 3.5
Research 3.5 3.5
Education 3 3.5
Trust Score 81 84
FP Markets Review HYCM Review
The vast majority of retail CFD accounts lose money 72% of retail CFD accounts lose money

Regulation

Feature FP Markets HYCM
Trust Score 81 84
Year Founded
2005 1977
Publicly Traded (Listed)
No No
Bank
No No
Tier-1 Licenses
1 2
Tier-2 Licenses
1 2
Tier-3 Licenses
0 1
Authorised in the European Union
Yes Yes

Tier-1 Licenses (High Trust)

Feature FP Markets HYCM
ASIC Authorised (Australia)
Yes No
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
No Yes
FSA Authorised (Japan)
No No
MAS Authorised (Singapore)
No No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
No Yes
CFTC Registered (USA)
No No

Tier-2 Licenses (Average Trust)

Feature FP Markets HYCM
CBRC Authorised (China)
No No
CySEC Authorised (Cyprus)
Yes Yes
CBI Authorised (Ireland)
No No
ISA Authorised (Israel)
No No
FMA Authorised (New Zealand)
No No
CBR Authorised (Russia)
No No
FSCA Authorised (South Africa)
No No
SEC Authorised (Thailand)
No No

Tier-3 Licenses (Low Trust)

Feature FP Markets HYCM
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands)
No No
FSC Authorised (Mauritius)
No No

Investments

Feature FP Markets HYCM
Forex Trading
Yes Yes
CFD Trading
Yes Yes
Tradeable Symbols (Total)
8908 245
Forex Pairs (Total)
61 71
US Stock Trading (Non CFD)
No No
Int'l Stock Trading (Non CFD)
No Yes
Cryptocurrency (Physical)
No No
Cryptocurrency (CFD)
Yes Yes
Social Trading / Copy-Trading
Yes No

Cost

Feature FP Markets HYCM
Average Spread EUR/USD - Standard
1.14 (June 2020) 2
All-in Cost EUR/USD - Active
0.61 (August 2020) 1.1
Active Trader or VIP Discounts
Yes Yes
Execution: Agency Broker
No Yes
Execution: Market Maker
No Yes

Funding

Feature FP Markets HYCM
Minimum Deposit
$100 AUD $100
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
Yes No
Skrill (Deposit/Withdraw)
Yes Yes

Trading Platforms

Feature FP Markets HYCM
Proprietary Platform
No No
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes No
MetaTrader 4 (MT4)
Yes Yes
MetaTrader 5 (MT5)
Yes Yes
cTrader
No No
DupliTrade
No No
ZuluTrade
No No

Trading Tools

Feature FP Markets HYCM
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
Default (MT4/MT5) MetaTrader (Default)
Charting - Indicators / Studies (Total)
59 MetaTrader (Default)
Charting - Drawing Tools (Total)
Default (MT4/MT5) MetaTrader (Default)
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
No No
Order Type - Trailing Stop
No Yes

Mobile Trading

Feature FP Markets HYCM
Android App
Yes Yes
Apple iOS App
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
No No
Charting - Indicators / Studies
Default (MT4/MT5) (Default MT4)
Charting - Draw Trendlines
No Yes
Charting - Trendlines Moveable
No No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No Yes
Forex Calendar
No Yes

Research

Feature FP Markets HYCM
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
Yes Yes
Weekly Webinars
No Yes
Autochartist
Yes No
Trading Central (Recognia)
No Yes
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes No
Economic Calendar
Yes Yes

Education

Feature FP Markets HYCM
Has Education - Forex or CFDs
Yes No
Client Webinars
No Yes
Client Webinars (Archived)
Yes Yes
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes No
Investor Dictionary (Glossary)
Yes Yes

Major Forex Pairs

Feature FP Markets HYCM
GBP/USD
Yes Yes
USD/JPY
Yes Yes
EUR/USD
Yes Yes
USD/CHF
Yes Yes
USD/CAD
Yes Yes
NZD/USD
Yes Yes
AUD/USD
Yes Yes

Overall

Feature FP Markets HYCM
Overall 4 3.5
Commissions & Fees 5 3.5
Offering of Investments 4.5 3
Platforms & Tools 4 3.5
Mobile Trading 4 3.5
Research 3.5 3.5
Education 3 3.5
Trust Score 81 84
FP Markets Review HYCM Review

Comparing forex brokers side by side is no easy task. For our 2021 annual forex broker review, we spent hundreds of hours assessing 27 forex and CFD brokerages to find the best forex broker. Let's compare FP Markets vs HYCM .

Does FP Markets or HYCM offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, FP Markets offers better pricing overall for traders.

Is FP Markets or HYCM safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. HYCM holds 2 global Tier-1 licenses, while FP Markets holds 1. HYCM holds 2 global Tier-2 licenses, while FP Markets holds 1. In our analysis of 23 international regulators across 50 brokers, HYCM earned a higher Trust Score than FP Markets.

Which trading platform is better: FP Markets or HYCM ?
To compare the trading platforms of both FP Markets and HYCM , we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, FP Markets offers a better experience. With research, FP Markets offers superior market research. Finally, we found FP Markets to provide better mobile trading apps.

What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. While FP Markets offers copy trading, HYCM does not. Both FP Markets and HYCM offer MetaTrader 4 (MT4).

How many forex pairs and CFDs are available to trade?
HYCM provides traders 71 currency pairs (e.g., EUR/USD) compared to FP Markets's 61 available pairs. Forex pairs aside, FP Markets offers traders access to 8908 CFDs while HYCM has 245 available CFDs, a difference of 8,663.

Can I trust FP Markets?
FP Markets is not publicly traded and does not operate a bank. FP Markets is authorised by one tier-1 regulator (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). FP Markets is authorised by the following tier-1 regulator: Australian Securities & Exchange Commission (ASIC).

Can I trust HYCM ?
HYCM is not publicly traded and does operate a bank. HYCM is authorised by two tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). HYCM is authorised by the following tier-1 regulators: Securities Futures Commission (SFC) and Financial Conduct Authority (FCA).

Is FP Markets good?
While FP Markets trails industry leaders in research and education, spreads on MetaTrader are highly competitive, helping FP Markets shine as a low-cost broker for forex and CFDs trading.

Is HYCM good?
While its storied history is impressive, when it comes to trading forex and CFDs across its global brands, HYCM fails to impress. Effective spreads are high across all account options, and research and education are sub-par when compared to industry leaders.

Overall winner: FP Markets

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Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published website as of 12/14/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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