Written by ForexBrokers.com
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.
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.
Pepperstone and HYCM (Henyep Capital Markets) are two well-known online brokers that offer extensive trading options for investors. Founded in 2010, Pepperstone has quickly established itself as a trusted broker with a ForexBrokers.com Trust Score of 95 out of 99, indicating a high level of trust. Meanwhile, HYCM, which has been around since 1977, holds a Trust Score of 86, making it a trusted choice for traders. Neither of these brokers is publicly traded or operates as a bank, which is common in the online brokerage industry.
When it comes to regulation, Pepperstone holds three Tier-1 licenses, which signals a highly trusted level of oversight, along with two Tier-2 licenses. HYCM has two Tier-1 licenses and one Tier-2 license, also giving it a solid standing in terms of trust and compliance. While both brokers offer reliable services, Pepperstone has a slight edge in regulatory approvals, which might appeal to traders seeking a broker with strong regulatory backing. Whether choosing Pepperstone or HYCM, investors are backed by years of experience and a commitment to secure trading.
| Feature |
Pepperstone
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 2010 | 1977 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 2 |
| Tier-2 Licenses | 2 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
Pepperstone and HYCM both offer competitive conditions for traders, though their account types differ in fees and commissions. Pepperstone’s Razor account utilizes a commission-based model with average spreads as low as 0.10 pips for EUR/USD. When fees are included, the all-in cost is approximately 0.80 pips, which aligns with industry standards. On the other hand, the commission-free Standard account has a higher average spread of 1.1 pips for the same currency pair. Advanced traders at Pepperstone may benefit from the Active Trader program, which offers rebates on spreads based on trading volume.
HYCM provides three distinct account options, with its Raw account offering a low all-in cost of around 0.6 pips for EUR/USD, including commission. Its Classic account has a higher variable spread starting from 1.2 pips, while the fixed-spread account carries a spread of 1.5 pips. This pricing structure allows traders to select an account that matches their trading style and volume.
Both brokers have received a rating of 4.5 stars out of 5 for their commissions and fees from ForexBrokers.com. Pepperstone is ranked #10 out of 63 brokers in the Commissions and Fees category, while HYCM holds the #15 spot. These rankings reflect their competitive pricing, though the specific structure and suitability of each broker’s fees depend on the trader’s account choice and trading volume.
| Feature |
Pepperstone
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $0 | $20 |
| Average Spread EUR/USD - Standard | 1.00 | 1.2 |
| All-in Cost EUR/USD - Active | 0.70 | 0.6 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Pepperstone and HYCM offer a diverse range of investment opportunities for traders, each with unique strengths. Both brokers provide access to forex trading through CFDs and spot contracts, giving traders flexibility in how they engage with the currency market. Pepperstone boasts a slightly larger portfolio with 1,726 tradable symbols compared to HYCM's 1,199, providing a wider selection of options. However, when it comes to forex pairs, HYCM edges ahead, offering 70 pairs against Pepperstone's 65. Notably, HYCM provides direct access to buying exchange-traded securities on both U.S. and international exchanges, allowing investors to purchase shares in companies like Apple and Vodafone, a feature that Pepperstone does not offer.
In terms of additional trading features, Pepperstone supports copy trading, enabling users to mimic the strategies of successful traders, a functionality not available with HYCM. Both brokers offer the ability to trade cryptocurrency derivatives, though neither supports buying actual cryptocurrencies. When it comes to ratings and rankings, both Pepperstone and HYCM are rated four stars for their range of investments. However, Pepperstone is ranked slightly higher by ForexBrokers.com, placing 26th out of 63 brokers, while HYCM ranks at 33rd. These evaluations suggest that while both brokers offer substantial opportunities for investors, Pepperstone may have a slight edge in overall investment range.
| Feature |
Pepperstone
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1726 | 1199 |
| Forex Pairs (Total) | 65 | 70 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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.
Pepperstone and HYCM (Henyep Capital Markets) are two online broker platforms that cater to different trading preferences, yet they share several key offerings. Both brokers provide simulated trading environments with free virtual demo accounts, allowing users to hone their skills without financial risks. Each also supports proprietary in-house platforms along with the widely popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5). For those preferring various devices, both Pepperstone and HYCM ensure flexibility with Windows desktop download trading platforms and web-based browser platforms.
A closer look reveals some differences that might influence a trader's choice. Pepperstone offers both copy trading and DupliTrade options, whereas HYCM opts out of these features. When it comes to technical drawing tools for charting, Pepperstone edges out with 30 options compared to HYCM's 15. Both platforms, however, support direct trading from stock charts and provide seven columns for watch lists. Rated four stars for their trading platforms and tools, Pepperstone's more prominent ranking at #22 by ForexBrokers.com compared to HYCM's #40 may appeal to those seeking a platform recognized for its comprehensive set of tools.
| Feature |
Pepperstone
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| 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 |
| DupliTrade | Yes | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 15 | 30 |
| Charting - Drawing Tools (Total) | 30 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing mobile trading apps, both Pepperstone and HYCM offer solid platforms for trading on the go. Available on both iPhone and Android, these apps provide stock and forex price alerts, ensuring you stay updated with market shifts. Each app boasts 30 technical studies for charting, allowing traders to delve into analysis with drawing tools and multiple time frame views. Furthermore, both apps let users create watchlists with real-time quotes, adding to their functionalities. However, a standout feature of Pepperstone’s app is its ability to sync watchlist symbols with the client's online account, allowing seamless transitions between platforms — a feature HYCM currently does not offer. Additionally, Pepperstone saves your chart drawings automatically, which provides an extra layer of convenience.
While both apps offer valuable trading tools and have earned a 4-star rating for their mobile app experiences, their rankings differ. Pepperstone is ranked at #21 in ForexBrokers.com's Mobile Trading Apps category, compared to HYCM's position at #37, reflecting subtle differences in user experiences and app functionalities. If watchlist syncing and higher broker rankings are priorities for you, Pepperstone might be the better choice. Both platforms, however, deliver comprehensive features suitable for mobile traders keen on accessing market data at their fingertips.
| Feature |
Pepperstone
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Pepperstone and HYCM both provide valuable resources for market research, including daily market commentary and forex news from top-tier sources like Bloomberg and Reuters. However, their offerings differ when it comes to specialized analysis tools. Pepperstone enhances its platform by offering tools from Autochartist and a sentiment-based trading tool that highlights trading positions across currency pairs. In contrast, HYCM leans on services from Trading Central to provide technical analytics. Both brokers offer an economic calendar, helping users stay updated on global news events.
When rated for research, Pepperstone boasts a commendable 4.5 stars, ranking 12th among 63 brokers, according to ForexBrokers.com. On the other hand, HYCM receives a respectable 3.5 stars, securing the 35th position. These rankings reflect the slight edge Pepperstone holds in offering a wider range of research tools and resources that cater to the needs of its users. Both platforms have their strengths, but Pepperstone stands out for those seeking comprehensive market insights and analysis tools.
| Feature |
Pepperstone
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Pepperstone and HYCM both provide educational resources for those new to trading, covering forex and CFDs through over 10 articles, videos, and archived webinars. Pepperstone stands out by offering monthly online educational webinars, which are not available with HYCM. Both brokers do maintain archives of previous webinars for clients to reference. For beginners, both brokers provide at least 10 instructional videos tailored to new traders. However, when it comes to advanced trading topics, Pepperstone leads by offering at least 10 resourceful videos aimed at more experienced traders, whereas HYCM does not.
Additionally, both Pepperstone and HYCM offer investor dictionaries with definitions for at least 50 trading terms, making it easier for traders to understand industry jargon. However, when comparing overall educational quality, Pepperstone receives a slightly higher rating of 4.5 stars versus HYCM's 3.5 stars. In terms of ranking, Pepperstone is placed at #17 among 63 brokers in the Education category by ForexBrokers.com, outperforming HYCM, which ranks at #32. This information highlights that while both brokers offer valuable educational resources, Pepperstone provides a more comprehensive and enriched learning experience for traders looking to deepen their market knowledge.
| Feature |
Pepperstone
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
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 #16, while HYCM (Henyep Capital Markets) finished with an overall rank of #29.
Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.
| Feature |
Pepperstone
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HYCM (Henyep Capital Markets)
|
|---|---|---|
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| Trust Score | 95 | 86 |
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Both Pepperstone and HYCM (Henyep Capital Markets) do not offer the ability to buy actual (delivered) cryptocurrency, but they both provide options to trade cryptocurrency derivatives, allowing investors to engage in crypto market movements without owning the underlying digital assets.
In a comparison between online brokers Pepperstone and HYCM, Pepperstone stands out by offering ACH, SEPA, and PayPal transfer options for depositing and withdrawing funds, alongside Skrill, Visa, Mastercard, and bank wire options, whereas HYCM provides Skrill, Visa, Mastercard, and bank wire options but lacks support for ACH, SEPA, and PayPal transfers.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | Pepperstone | HYCM (Henyep Capital Markets) | |
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| Trust Score | 95 | 86 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | Pepperstone | HYCM (Henyep Capital Markets) | |
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| Regulation | Pepperstone | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trust Score | 95 | 86 | |
| Year Founded | 2010 | 1977 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 3 | 2 | |
| Tier-2 Licenses | 2 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | Pepperstone | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Pepperstone | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Kenya (CMA Authorised) | Yes | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | Pepperstone | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1726 | 1199 | |
| Forex Pairs (Total) | 65 | 70 | |
| U.S. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | 1.00 | 1.2 | |
| All-in Cost EUR/USD - Active | 0.70 | 0.6 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | Pepperstone | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | $0 | $20 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | Pepperstone | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| 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 | Yes | No | |
| DupliTrade | Yes | No | |
| ZuluTrade | No | No |
| Trading Tools | Pepperstone | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 15 | 30 | |
| Charting - Drawing Tools (Total) | 30 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Pepperstone | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | Pepperstone | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Pepperstone | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| 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 | Pepperstone | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| 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 | |
| Review | Pepperstone Review | HYCM (Henyep Capital Markets) Review |
| Overall | Pepperstone | HYCM (Henyep Capital Markets) | |
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| Trust Score | 95 | 86 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | HYCM (Henyep Capital Markets) Review |
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