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Pepperstone vs HYCM (Henyep Capital Markets) 2026

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of Pepperstone vs HYCM (Henyep Capital Markets), we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

Pepperstone
4.5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 94
  • Tradeable Symbols (Total): 1726
HYCM (Henyep Capital Markets)
4/5 Stars Overall
  • Minimum Deposit: $20
  • Trust Score: 85
  • Tradeable Symbols (Total): 1199

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Regulation

Pepperstone (founded 2010) and HYCM (Henyep Capital Markets, founded 1977) are online brokers that are privately held and not banks. Pepperstone holds 3 Tier-1 licenses and 2 Tier-2 licenses, while HYCM holds 2 Tier-1 licenses and 1 Tier-2 license—tiers that ForexBrokers.com classifies as highly trusted and trusted, respectively. On the ForexBrokers.com Trust Score out of 99, Pepperstone scores 94 (highly trusted: 90–99) and HYCM scores 85 (trusted: 80–89).

In plain terms, both firms are regulated, but Pepperstone has a higher Trust Score and more top-tier licenses than HYCM. Since neither broker is publicly traded or a bank, these licenses and Trust Score ranges can help traders compare their oversight and overall trust level.

Feature Pepperstone logoPepperstone
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Year Founded info 2010 1977
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 3 2
Tier-2 Licenses info 2 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 2 1

Fees

Pepperstone and HYCM (Henyep Capital Markets) both offer low-cost ways to trade, but their fee structures differ. For commissions and fees, Pepperstone earns 5/5 stars and ranks #6 out of 63 brokers, while HYCM earns 4.5/5 stars and ranks #18. Each broker offers a commission-based account for tighter pricing, alongside a commission-free option for simpler, spread-only trading.

On commission-based pricing, HYCM’s Raw account is slightly cheaper on EUR/USD with an all-in cost around 0.6 pips after commission. Pepperstone’s Razor account lists an average spread of 0.10 pips (as of July 2024) and about 0.70 pips in commission-equivalent, for an all-in cost near 0.80 pips. High-volume traders may narrow Pepperstone’s costs further via its Active Trader program, which provides rebates based on monthly trading volume.

For spread-only pricing, Pepperstone’s Standard account averages about 1.1 pips on EUR/USD (as of July 2024), while HYCM’s Classic account starts from 1.2 pips; HYCM also offers a fixed-spread account at 1.5 pips. Pepperstone’s Active Trader rebates can reduce costs for eligible Professional clients: in the UK/EU, rebates start at 15% per lot for £20M+ monthly forex volume and rise to 25% above £200M; in Australia, discounts start at 10% per standard lot (100+ lots over three months) and reach 30% for 3001+ lots per month.

Feature Pepperstone logoPepperstone
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Minimum Deposit info $0 $20
Average spread (EUR/USD) - Standard account info 1.1 info 1.3 info
All-in Cost EUR/USD - Active info 0.8 info 0.6 info
Non-wire bank transfer info Yes No
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info No Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

Pepperstone and HYCM (Henyep Capital Markets) both support forex trading as CFDs or spot contracts. Pepperstone lists 1,726 tradeable symbols and 65 forex pairs, while HYCM offers 1,199 symbols and 70 forex pairs. Both brokers let you trade cryptocurrency via CFDs, but neither allows buying actual (delivered) crypto. Pepperstone also supports copy trading; HYCM does not.

When it comes to exchange-traded stocks, HYCM lets clients buy listed shares on U.S. and international exchanges, while Pepperstone does not offer exchange-traded shares. Both earn 4 out of 5 stars for Range of Investments. According to ForexBrokers.com, Pepperstone ranks 23rd out of 63 brokers in this category, and HYCM ranks 27th.

Feature Pepperstone logoPepperstone
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1726 1199
Forex Pairs (Total) info 65 70
U.S. Stocks (Shares) info No Yes
Global Stocks (Non-U.S. Shares) info No Yes
Copy Trading info Yes No
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).

Dive deeper: Best Copy Trading Platforms.

Trading platforms and tools

Pepperstone and HYCM both cover the essentials for traders who want flexibility. Each broker offers a free demo (paper trading) account, its own proprietary platform, a Windows desktop app, and a browser-based web platform. They also support MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and both let you place orders directly from the chart. For Trading Platforms and Tools, both earn 4 out of 5 stars, though ForexBrokers.com ranks Pepperstone higher at 21st out of 63 brokers versus HYCM at 32nd.

The key difference is copy trading: Pepperstone provides it, while HYCM does not. If social or mirror trading is on your wish list, Pepperstone has the edge. If you simply want tried-and-true platforms like MT4/MT5 along with a demo account and the option to trade from charts on desktop or web, both brokers fit the bill.

Feature Pepperstone logoPepperstone
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
Charting - Indicators / Studies (Total) info 15 30
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

Pepperstone and HYCM (Henyep Capital Markets) both deliver full-featured mobile trading apps for iPhone and Android. Each app supports price alerts, 30 technical studies for charting, the ability to draw trendlines, and auto‑saving of chart drawings. Both are rated 4 out of 5 stars for mobile trading apps.

The key difference is watchlist syncing: Pepperstone syncs watchlists between the mobile app and your online account, while HYCM does not. Looking at third‑party rankings from ForexBrokers.com for the Mobile Trading Apps category, Pepperstone places #19 out of 63 brokers, whereas HYCM ranks #30. If synced watchlists and a higher category ranking matter to you, Pepperstone has an edge; if you mainly need alerts and solid charting with 30 indicators, either app can fit the bill.

Feature Pepperstone logoPepperstone
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

Pepperstone and HYCM (Henyep Capital Markets) both cover the basics of market research: you get daily market commentary, premium forex news from top-tier sources like Bloomberg/Reuters/Dow Jones equivalents, and an economic calendar to track upcoming events. The key differences are in their toolkits. Pepperstone includes Autochartist for pattern and setup ideas and offers a sentiment tool that shows the long/short ratio across instruments. HYCM does not provide Autochartist or a sentiment gauge, but it does include Trading Central for technical and fundamental insights. Neither broker integrates TipRanks or Acuity/Signal Centre.

On performance, ForexBrokers.com rates Pepperstone’s Research at 4.5 stars and ranks it #12 out of 63 brokers, while HYCM earns 3.5 stars and ranks #29. If you want automated chart pattern scanning and crowd sentiment, Pepperstone is the stronger pick; if you prefer Trading Central’s research style, HYCM can be a good match. Both brokers deliver daily insights and timely news to support your trading decisions.

Feature Pepperstone logoPepperstone
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central info No Yes
Client sentiment data info Yes No
TipRanks info No No
Acuity Trading info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

Comparing Pepperstone and HYCM (Henyep Capital Markets) for beginner-friendly trading education, Pepperstone comes out ahead. Both brokers offer at least 10 beginner videos that explain forex and CFD basics, but Pepperstone adds monthly live webinars and a deeper set of advanced videos for when you’re ready to level up. That fuller path is reflected in the ratings: Pepperstone earns 4.5 out of 5 stars for Education and ranks #15 out of 63 brokers on ForexBrokers.com, while HYCM earns 3.5 out of 5 stars and ranks #27.

For new traders, this means Pepperstone provides more ways to learn—live sessions each month plus ample advanced content—so you can move from fundamentals to more complex strategies in one place. HYCM still gives beginners a useful library of videos, but it does not run monthly educational webinars and has fewer advanced videos. Choose Pepperstone if you want live teaching and room to grow; pick HYCM if you mainly need beginner videos and prefer to learn at your own pace.

Feature Pepperstone logoPepperstone
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Webinars info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that Pepperstone is better than HYCM (Henyep Capital Markets). Pepperstone finished with an overall rank of #17, while HYCM (Henyep Capital Markets) finished with an overall rank of #26.

Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.

Feature Pepperstone logoPepperstone
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Overall Rating info 4.5/5 Stars 4/5 Stars
Trust Score info 94 85
Range of Investments 4/5 Stars 4/5 Stars
Trading Fees 5/5 Stars 4.5/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 4/5 Stars 4/5 Stars

FAQs

Can you trade cryptocurrency with Pepperstone or HYCM (Henyep Capital Markets)?

In a head-to-head comparison, online brokers Pepperstone and HYCM (Henyep Capital Markets) both do not support buying actual (delivered) cryptocurrencies, but each offers cryptocurrency CFD trading for speculating on crypto price movements.

What funding options does each broker offer?

Between Pepperstone and HYCM (Henyep Capital Markets), Pepperstone supports ACH/SEPA, PayPal, and bank wire transfers but not Skrill, whereas HYCM supports Skrill and bank wire transfers but not ACH/SEPA or PayPal; availability of Visa/Mastercard funding was not specified.

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Overall Rating Pepperstone HYCM (Henyep Capital Markets)
Overall Rating info 4.5/5 Stars 4/5 Stars
Trading Fees 5/5 Stars 4.5/5 Stars
Range of Investments 4/5 Stars 4/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 94 85
Winner check_circle
Review Pepperstone Review HYCM (Henyep Capital Markets) Review
Broker Screenshots Pepperstone HYCM (Henyep Capital Markets)
Broker Gallery (click to expand) info
Pepperstone cTrader mobile watchlist Pepperstone TradingView platform web. Pepperstone research The Daily Fix analysis articles. Pepperstone educational learning center.
HYCM MT5 desktop trading platform HYCM client portal Analyst Views market analysis HYCM YouTube channel videos.
Regulation Pepperstone HYCM (Henyep Capital Markets)
Trust Score info 94 85
Year Founded info 2010 1977
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-1 Licenses info 3 2
Tier-2 Licenses info 2 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 2 1
Tier-1 Licenses (Highly Trusted) Pepperstone HYCM (Henyep Capital Markets)
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No Yes
Japan (FSA Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-2 Licenses (Trusted) Pepperstone HYCM (Henyep Capital Markets)
Kenya (CMA Authorised) info Yes
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA, FSRA, or CMA Authorised) info Yes Yes
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments Pepperstone HYCM (Henyep Capital Markets)
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1726 1199
Forex Pairs (Total) info 65 70
U.S. Stocks (Shares) info No Yes
Global Stocks (Non-U.S. Shares) info No Yes
Copy Trading info Yes No
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info Yes Yes
Disclaimers Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients).
Cost Pepperstone HYCM (Henyep Capital Markets)
Average spread (EUR/USD) - Standard account info 1.1 info 1.3 info
All-in Cost EUR/USD - Active info 0.8 info 0.6 info
Inactivity Fee info No No
Order execution: Agency info Yes Yes
Order execution: Market Maker info Yes Yes
Funding Pepperstone HYCM (Henyep Capital Markets)
Minimum Deposit info $0 $20
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info No Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info Yes No
Trading Platforms Pepperstone HYCM (Henyep Capital Markets)
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
cTrader info Yes No
Trading Tools Pepperstone HYCM (Henyep Capital Markets)
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 15 30
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading Pepperstone HYCM (Henyep Capital Markets)
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info Yes No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes
Mobile Research - Economic Calendar info Yes Yes
Research Pepperstone HYCM (Henyep Capital Markets)
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central info No Yes
TipRanks info No No
Client sentiment data info Yes No
Economic Calendar info Yes Yes
Education Pepperstone HYCM (Henyep Capital Markets)
Webinars info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Major Forex Pairs Pepperstone HYCM (Henyep Capital Markets)
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review Pepperstone Review HYCM (Henyep Capital Markets) Review
Overall Pepperstone HYCM (Henyep Capital Markets)
Overall Rating info 4.5/5 Stars 4/5 Stars
Trading Fees 5/5 Stars 4.5/5 Stars
Range of Investments 4/5 Stars 4/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4.5/5 Stars 3.5/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 94 85
Winner check_circle
Review Pepperstone Review HYCM (Henyep Capital Markets) Review
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