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 vs HYCM (Henyep Capital Markets): On their lowest-cost accounts, HYCM’s Raw account posts an all-in cost of about 0.6 pips on EUR/USD after commission, while Pepperstone’s Razor averages 0.80 pips all-in (0.10-pip spread plus a 0.70-pip commission equivalent, July 2024). Both brokers earn 4.5/5 stars for Commissions and Fees. In ForexBrokers.com’s rankings out of 63 brokers, Pepperstone is #11 and HYCM is #16.
Pepperstone’s Razor account (available on TradingView, MT4/MT5, and cTrader) uses a commission-based model; its Standard account is commission-free but averages about 1.1 pips on EUR/USD, making it pricier than Razor. High-volume traders can cut costs with Pepperstone’s Active Trader program, which rebates part of the spread. In the U.K. and EU, professional clients trading at least £20 million per month can get about a 15% per-lot rebate, rising to 25% above £200 million. In Australia, professional clients starting from 100 lots (over three months) receive about a 10% discount per standard lot, scaling up to 30% above 3001 lots.
HYCM’s Raw account is its sharpest pricing option. HYCM’s Classic account is commission-free with variable spreads from 1.2 pips, and there’s also a fixed-spread account at 1.5 pips. For simple, pay-as-you-go pricing, Pepperstone’s Standard and HYCM’s Classic are easy to understand but cost more than each broker’s low-cost account. If you trade higher volumes, Pepperstone’s spread rebates can narrow the gap with HYCM’s Raw pricing.
| Feature |
Pepperstone
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $0 | $20 |
| Average spread (EUR/USD) - Standard account | 1.00 | 1.2 |
| All-in Cost EUR/USD - Active | 0.70 | 0.6 |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | No | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
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 provide cryptocurrency CFDs but do not offer the ability to buy actual crypto.
The key difference is stock access: HYCM lets you buy exchange-traded securities on U.S. and international exchanges (for example, shares like Apple on NASDAQ), whereas Pepperstone does not offer exchange-traded shares. Pepperstone does include copy trading; HYCM does not. Both earn 4 out of 5 stars for Range of Investments. In ForexBrokers.com’s rankings out of 63 brokers, Pepperstone is #27 and HYCM is #34.
| 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. Stocks (Shares) | No | Yes |
| Global Stocks (Non-U.S. Shares) | No | Yes |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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) both cover the essentials for platform access and charting tools. Each broker offers a free demo account for paper trading, a proprietary trading platform alongside MetaTrader 4 (MT4) and MetaTrader 5 (MT5), plus Windows desktop and web-based platforms. You can place orders directly from charts, and both suites include technical indicators and watchlist features to help you track markets.
The main difference is copy trading: Pepperstone offers it, while HYCM does not. For Trading Platforms and Tools, both earn 4 stars, but Pepperstone ranks higher (#22 of 63) than HYCM (#41 of 63) according to ForexBrokers.com. If copy trading and a higher category ranking matter to you, Pepperstone may be the better fit; if you simply want MT4/MT5 plus proprietary and browser/desktop access with a free demo, HYCM also meets the mark.
| Feature |
Pepperstone
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 15 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Pepperstone and HYCM (Henyep Capital Markets) both offer mobile trading apps for iPhone and Android, and each earns a 4 out of 5 star rating for mobile trading. If rankings matter to you, ForexBrokers.com places Pepperstone at #21 out of 63 brokers for Mobile Trading Apps, while HYCM is #38. That edge suggests Pepperstone may deliver a slightly stronger overall app experience, though both are solid choices for trading on the go.
Feature-wise, the two apps are closely matched. Both provide stock and forex price alerts, support 30 technical indicators (studies) for charting, let you draw trendlines, and auto-save your drawings. The key difference is watchlist syncing: Pepperstone syncs watchlists between the mobile app and your online account, so changes carry over across devices. HYCM does not offer watchlist syncing, which may matter if you frequently switch between your phone and desktop.
| Feature |
Pepperstone
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Pepperstone vs HYCM (Henyep Capital Markets): both brokers provide daily market commentary, real-time forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones, and a global economic calendar. According to ForexBrokers.com, Pepperstone’s research is rated 4.5/5 stars and ranks #12 out of 63 brokers, while HYCM holds 3.5/5 stars and ranks #36.
Their toolkits differ. Pepperstone includes Autochartist for pattern recognition and a sentiment tool that shows the ratio of long vs short positions across instruments. HYCM offers Trading Central’s analytics but does not include a sentiment tool or Autochartist. Neither broker integrates TipRanks or Acuity Trading. If you want Autochartist and sentiment insights alongside top-tier news, Pepperstone is the better fit; if you prefer Trading Central’s research, HYCM makes sense.
| Feature |
Pepperstone
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | No | Yes |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Pepperstone vs. HYCM for beginner education: Pepperstone offers monthly client webinars, plenty of beginner-friendly trading videos, and an added library of advanced lessons for when you’re ready to level up. HYCM also provides at least 10 beginner videos, but it does not run monthly educational webinars and does not meet the same depth for advanced video content. Education scores reflect this gap: Pepperstone is rated 4.5/5 and ranks 17th out of 63 brokers on ForexBrokers.com, while HYCM holds 3.5/5 and ranks 32nd.
If you’re new to forex and CFDs, Pepperstone’s mix of live webinars and step-by-step videos can make it easier to learn and keep improving over time. HYCM can help you grasp the basics with beginner videos, but traders who want ongoing live sessions and more advanced lessons may find Pepperstone the better fit.
| Feature |
Pepperstone
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
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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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.
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.
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 (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| 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 | ||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| 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. Stocks (Shares) | No | Yes | |
| Global Stocks (Non-U.S. Shares) | No | Yes | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 | 1.00 | 1.2 | |
| All-in Cost EUR/USD - Active | 0.70 | 0.6 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Pepperstone | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | $0 | $20 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | No | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | Pepperstone | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No |
| Trading Tools | Pepperstone | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 15 | 30 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Pepperstone | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | Pepperstone | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | Pepperstone | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| 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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