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 is an agency-execution broker that stands out for its competitive pricing, particularly with its Razor account. This account is ideal for high-volume traders who participate in Pepperstone’s Active Trader program, benefiting from reduced spreads. The Razor account boasts an average spread of 0.10 pips on the EUR/USD, with an all-in cost of 0.80 pips once commissions are included. In contrast, the Standard account is commission-free but comes with higher spreads, averaging 1.1 pips on the EUR/USD, making it the pricier choice between the two.
HYCM, or Henyep Capital Markets, presents attractive options through its Raw account, which features an all-in cost of about 0.6 pips for the EUR/USD after commission, giving it a competitive edge. The Classic account is less cost-effective, with variable spreads starting from 1.2 pips, while their fixed-spread account offers spreads at 1.5 pips. With its pricing structure, HYCM appeals to traders looking for both variable and fixed cost options.
In terms of ratings, both Pepperstone and HYCM earn a commendable 4.5 stars out of 5 for their commissions and fees. Pepperstone ranks #10 out of 62 brokers according to ForexBrokers.com, demonstrating its competitive fee structure. Meanwhile, HYCM ranks #15, also reflecting its strong standing in the market, albeit slightly lower compared to Pepperstone.
| 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 both offer traders a substantial selection of investment options, focusing strongly on forex and CFD trading. Pepperstone provides access to 1,726 tradeable symbols, including 65 forex pairs, allowing clients to explore various currency markets. HYCM, on the other hand, offers 1,199 tradeable symbols with a slightly larger selection of 70 forex pairs, catering to those keen on a wider variety of currency options. While both brokers allow trading in cryptocurrency derivatives, neither offers actual cryptocurrency buying. Notably, Pepperstone supports copy trading, a feature not available with HYCM.
When it comes to traditional securities, HYCM holds a clear advantage, allowing clients to trade exchange-traded securities from both U.S. and international markets, broadening the scope for investment beyond CFDs. Pepperstone, however, does not provide this service, limiting its clients to CFD trading. Despite these differences, both brokers have earned a similar 4-star rating for their range of investments, though Pepperstone is slightly higher ranked at #26 compared to HYCM's #33, according to ForexBrokers.com.
| 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 both reputable online brokers offering feature-rich trading platforms and tools to their users. Both brokers provide the opportunity for simulated trading through free virtual demo accounts and include proprietary platforms among their offerings. Traders using either broker can access trading via Windows-based desktop platforms and web-based browser platforms, with popular options like MetaTrader 4 and MetaTrader 5 available from both. However, a notable distinction is found in the copy trading capabilities; Pepperstone supports copy trading and offers DupliTrade, unlike HYCM which lacks these features.
In terms of charting tools, Pepperstone offers a broader range with 30 drawing tools compared to HYCM's 15, providing traders with more options for technical analysis. Both brokers allow trading directly from stock charts and offer watch lists with seven customizable columns. When it comes to rankings, Pepperstone slightly edges out HYCM for Trading Platforms and Tools, being ranked 22nd among 62 brokers, compared to HYCM's 40th position. Both companies achieve a solid four-star rating for their platform offerings, making them viable choices for traders seeking robust and flexible trading environments.
| 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.
Pepperstone and HYCM both offer convenient mobile trading apps available for iPhone and Android devices, allowing traders to stay connected on the go. Both platforms provide essential features like stock and forex price alerts, real-time quotes in customizable watchlists, and the ability to draw trendlines and view multiple time frames on trading charts. Each app comes equipped with 30 technical studies to aid in analysis, catering to both new and seasoned traders.
However, Pepperstone holds a slight edge with its watchlist symbol syncing feature, which allows users to seamlessly sync changes between mobile and online accounts. This could be a deciding factor for traders who prioritize seamless integration across devices. Despite both platforms receiving a solid 4-star rating for their mobile trading apps, Pepperstone's overall rank at #21 out of 62 brokers is notably higher than HYCM's #37 ranking, making it a compelling choice for those seeking slightly more refined functionality in mobile trading.
| 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 (Henyep Capital Markets) both offer daily market commentary and access to forex news from reputable sources like Bloomberg, Reuters, and Dow Jones. This makes them valuable platforms for traders looking to stay informed with current events and expert insights. However, Pepperstone sets itself apart by providing tools from Autochartist for technical and fundamental analysis, and a sentiment-based trading tool for assessing market positions, giving traders a comprehensive suite to analyze the markets. Conversely, HYCM relies on Trading Central tools to support technical analysis but lacks a sentiment-based trading tool, which could potentially benefit users interested in gauging market sentiment. Both brokers also provide an economic calendar for tracking significant global news events, a feature crucial for comprehensive market monitoring.
When evaluating the research offerings of these two brokers, Pepperstone emerges ahead with a 4.5-star rating compared to HYCM’s 3.5 stars. This difference is reflected in their rankings, with Pepperstone positioned at #12 and HYCM at #35 out of 62 brokers ranked by ForexBrokers.com in the research category. In summary, while both brokers offer solid market research features, Pepperstone provides a more extensive range of tools, which may appeal to traders seeking enhanced analytical capabilities.
| 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.
When comparing the educational resources available for beginners, Pepperstone stands out for its comprehensive and accessible offerings. It provides a rich selection of educational content, including a minimum of ten educational pieces focused on forex and CFDs and offers online webinars for clients each month. These webinars are not only live but also stored in a searchable archive, making them easily accessible for future reference. Additionally, Pepperstone caters to both novice and seasoned traders through specialized video content, with at least ten videos dedicated to each group's needs, as well as an extensive investor dictionary featuring over 50 terms. This commitment to education is reflected in Pepperstone's impressive 4.5-star rating and its ranking as the 17th best out of 62 brokers in the Education category by ForexBrokers.com.
In contrast, HYCM provides a solid foundation with its educational offerings, including more than ten pieces covering forex and CFDs and a searchable archive of recorded client webinars. Beginner traders are well-supported with at least ten videos dedicated to trading basics. However, HYCM falls short in offering monthly live webinars and lacks advanced video content designed for more experienced traders. Despite offering an investor dictionary similar to Pepperstone's, with definitions for over 50 investing terms, HYCM's overall educational resources earn it a 3.5-star rating. Consequently, HYCM is ranked 32nd out of 62 brokers in the Education category by ForexBrokers.com, indicating room for improvement compared to Pepperstone.
| 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 62 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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