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Pepperstone vs HYCM 2021

Is HYCM better than Pepperstone? After testing 27 of the best forex brokers over five months, Pepperstone is better than HYCM . While Pepperstone offers a small set of tradeable products, it provides one of the largest selections of third-party platforms, including multiple social copy trading options.


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 Pepperstone HYCM
Overall 4 3.5
Commissions & Fees 4 3.5
Offering of Investments 3.5 3
Platforms & Tools 4 3.5
Mobile Trading 4 3.5
Research 4 3.5
Education 4 3.5
Trust Score 92 84
Pepperstone Review HYCM Review
Winner check_circle
Between 74-89% of retail CFD accounts lose money 71% of retail CFD accounts lose money

Regulation

Feature Pepperstone HYCM
Trust Score 92 84
Year Founded
2010 1977
Publicly Traded (Listed)
No No
Bank
No No
Tier-1 Licenses
2 2
Tier-2 Licenses
2 2
Tier-3 Licenses
1 1
Authorised in the European Union
Yes Yes

Tier-1 Licenses (High Trust)

Feature Pepperstone 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)
Yes Yes
CFTC Registered (USA)
No No

Investments

Feature Pepperstone HYCM
Forex Trading
Yes Yes
CFDs (Total)
127 278
Forex Pairs (Total)
61 69
Cryptocurrency (Physical)
No No
Cryptocurrency (CFD)
Yes Yes
Social Trading / Copy-Trading
Yes Yes

Cost

Feature Pepperstone HYCM
Average Spread EUR/USD - Standard
1.16 (August 2020) 2
All-in Cost EUR/USD - Active
0.86 (August 2020) 1.1
Active Trader or VIP Discounts
Yes Yes

Funding

Feature Pepperstone HYCM
Minimum Initial Deposit
$200.00 $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 Pepperstone HYCM
Proprietary Platform
No No
Desktop Platform (Windows)
Yes Yes
Web Platform
Yes Yes
Social Trading / Copy-Trading
Yes Yes
MetaTrader 4 (MT4)
Yes Yes
MetaTrader 5 (MT5)
Yes Yes
cTrader
Yes No
DupliTrade
Yes No
ZuluTrade
No No

Trading Tools

Feature Pepperstone HYCM
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes No
Watchlists - Total Fields
(default MT4/cTrader) (default MT4)
Charting - Indicators / Studies (Total)
(Standard MT4/cTrader) (default MT4)
Charting - Drawing Tools (Total)
(Standard MT4/cTrader) (default MT4)
Charting - Trade From Chart
Yes Yes
Charting - Drawings Autosave
Yes No
Order Type - Trailing Stop
Yes Yes

Mobile Trading

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

Research

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

Education

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

Major Forex Pairs

Feature Pepperstone 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 Pepperstone HYCM
Overall 4 3.5
Commissions & Fees 4 3.5
Offering of Investments 3.5 3
Platforms & Tools 4 3.5
Mobile Trading 4 3.5
Research 4 3.5
Education 4 3.5
Trust Score 92 84
Pepperstone 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 HYCM vs Pepperstone.

Does HYCM or Pepperstone 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, Pepperstone offers better pricing overall for traders.

Is HYCM or Pepperstone 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. Both HYCM and Pepperstone hold 2 global Tier-1 licenses. Both HYCM and Pepperstone hold 2 global Tier-2 licenses. All regulators considered, Pepperstone has a Trust Score of 92.00, while HYCM 's Trust Score is 84.00.

Which trading platform is better: HYCM or Pepperstone?
To compare the trading platforms of both HYCM and Pepperstone, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Pepperstone offers a better experience. With research, Pepperstone offers superior market research. Finally, we found Pepperstone 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. HYCM and Pepperstone both offer copy trading. Both HYCM and Pepperstone offer MetaTrader 4 (MT4).

How many forex pairs and CFDs are available to trade?
HYCM provides traders 69 currency pairs (e.g., EUR/USD) compared to Pepperstone's 61 available pairs. Forex pairs aside, HYCM offers traders access to 278 CFDs while Pepperstone has 127 available CFDs, a difference of 151.

Overall winner: Pepperstone

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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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