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 | 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 support forex trading as CFDs or spot contracts. Pepperstone lists 1,726 tradeable instruments, while HYCM offers 1,199. That said, HYCM edges ahead in currency choice with 70 forex pairs versus Pepperstone’s 65, so your forex shortlist may be slightly broader at HYCM even though Pepperstone carries more total markets.
If you want to buy exchange-traded shares, HYCM stands out by offering real U.S. and international stocks (for example Apple on NASDAQ and Vodafone on the LSE). Pepperstone does not offer exchange-listed shares, but it does include copy trading; HYCM does not. Neither broker lets you buy actual cryptocurrency, though both provide crypto derivatives. Both earn 4 out of 5 stars for Range of Investments from ForexBrokers.com; Pepperstone ranks #27 of 63 in this category, while HYCM ranks #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. 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 vs HYCM: both brokers check key boxes for trading platforms and tools. Each offers a free demo account, a proprietary platform, Windows desktop software, and a web-based platform. MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are available at both, and you can place trades directly from charts with either broker. Pepperstone supports copy trading and integrates with DupliTrade, while HYCM does not offer copy trading and doesn’t support DupliTrade. ZuluTrade isn’t available at either broker. For charting, Pepperstone lists 30 drawing tools versus HYCM’s 15; indicator counts were not specified. Watchlists are similar, with 7 columns at both brokers.
For Trading Platforms and Tools, both Pepperstone and HYCM earn 4 stars, yet Pepperstone ranks higher overall: according to ForexBrokers.com, Pepperstone places #22 of 63 brokers, while HYCM ranks #41 of 63. If you want more charting tools and access to copy trading via DupliTrade, Pepperstone may suit you better; if you just need MT4/MT5 with web and desktop access plus a demo account, both are solid choices.
| 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 (Henyep Capital Markets) both deliver capable mobile trading apps for iPhone and Android. Each app includes real-time watchlists, price alerts, 30 technical indicators, drawing tools like trendlines, multiple chart time frames (intraday to weekly), and auto‑saved chart annotations. In short, both apps cover the core features forex and CFD traders expect for on‑the‑go analysis and order monitoring.
The key difference is watchlist syncing: Pepperstone syncs symbols between mobile and your online account, while HYCM does not. That makes Pepperstone more convenient if you switch between devices. Both earned 4 out of 5 stars for mobile trading apps, but Pepperstone ranks higher with ForexBrokers.com (#21 of 63) compared to HYCM (#38 of 63). If seamless device syncing matters, Pepperstone has the edge; if you trade on a single device, HYCM’s tools are similarly capable.
| 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 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 | 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
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 95 | 86 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Pepperstone | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 95 | 86 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | Pepperstone | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
|
| 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) | |||
| 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. 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) | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 95 | 86 | |
| Winner | check_circle | ||
| Review | Pepperstone Review | HYCM (Henyep Capital Markets) Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill