HYCM vs FP Markets
HYCM or FP Markets – which is better for UK traders 2025? Compare HYCM and FP Markets in this detailed breakdown of their platforms, features and fees.
| HYCM | FP Markets |
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| HYCM is ranked #62 among CFD brokers. | FP Markets is ranked #61 among CFD brokers. |
| HYCM is an online broker regulated by four international authorities, including the FCA and CySEC. It provides short-term CFD opportunities in forex, shares, commodities, indices, ETFs, and Bitcoin. Traders can utilise the MT4 and MT5 platforms, alongside Trading Central analysis. | Founded in 2005 in Australia, FP Markets is a broker regulated by both ASIC and CySEC. It offers a wide range of tradable assets and provides Standard and Raw accounts suitable for traders of all levels. The platform excels in tools, featuring the MetaTrader suite, user-friendly TradingView, and practical insights from Trading Central and AutoChartist. |
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| FCA Regulated | |
| Yes | No |
| Instruments | |
| CFDs, Forex, Stocks, Indices, Commodities, ETFs | CFDs, Forex, Stocks, Indices, Commodities, Bonds, ETFs, Crypto |
| Demo Account | |
| Yes | Yes |
| Minimum Deposit | |
| $20 | $40 |
| Payment Methods | |
| Minimum Trade | |
| 0.01 Lots | 0.01 Lots |
| Regulator | |
| FCA, DFSA, CIMA, CySEC | ASIC, CySEC, FSA, CMA |
| Mobile Apps | |
| iOS & Android | iOS & Android |
| Trading App | |
FP Markets does not provide a proprietary web-based or mobile app, a downside for beginners. However, there are the mobile versions of MT4/MT5, cTrader, and TradingView that offer real-time quotes, advanced charting tools, account management features, and order execution. Australian clients are also exclusively offered access to the Iress mobile platform, which delivers sophisticated features including analytics, module linking, and multiple portfolio management. |
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| iOS App Rating | |
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| Android App Rating | |
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| Margin Trading | |
| Yes | Yes |
| Margin Rate | |
| Variable upon regulation and jurisdiction | |
| MetaTrader 4 | |
| Yes | Yes |
| MetaTrader 5 | |
| Yes | Yes |
| cTrader | |
| No | Yes |
| AlgoTrader | |
| No | No |
| OmniTrader | |
| No | No |
| TradingView | |
| No | Yes |
| Autochartist | |
| No | Yes |
| eSignal | |
| No | No |
| Trading Central | |
| Yes | Yes |
| STP Account | |
| No | Yes |
| ECN Account | |
| Yes | Yes |
| DMA Account | |
| No | Yes |
| MAM Account | |
| No | Yes |
| PAMM Account | |
| No | Yes |
| LAMM Account | |
| No | No |
| Demat Account | |
| No | No |
| AI / Machine Learning | |
| No | No |
| Robo Advisor | |
| No | No |
| Negative Balance Protection | |
| Yes | Yes |
| Market Maker | |
| No | No |
| P2P Trading | |
| No | No |
| Spot Trading | |
| Yes | Yes |
| Auto Trading | |
| Expert Advisors (EAs) on MetaTrader | Expert Advisors (EAs) on MetaTrader |
| Copy Trading | |
| No | Yes |
| Copy Trading Platform | |
| FP Markets has launched its own social copy trading platform and provides access to the MetaTrader signals market. Additionally, it supports Myfxbook, making FP Markets a strong choice for social copy trading. Despite the platform being less user-friendly than cTrader Copy, these features enhance its appeal for traders. | |
| Social Trading | |
| No | Yes |
| VPS Hosting | |
| No | Yes |
| Tournaments | |
| No | No |
| Demo Competitions | |
| No | No |
| Ethical Investing | |
| No | No |
| Custodial Account | |
| No | No |
| Guaranteed Stop Loss | |
| No | No |
| Inactivity Fee | |
| $10 | $0 |
| Islamic Account | |
| Yes | Yes |
| Account Currencies | |
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| Commodities | |
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| CFD | |
| HYCM offers traders the opportunity to engage in trading CFDs across various stocks, indices, commodities, and ETFs, all featuring floating spreads. Leverage limits differ depending on the specific instrument. Clients can select from two top-tier trading platforms. | FP Markets provides CFD trading across an excellent range of financial instruments, including stocks, major global indices, commodities, metals, cryptocurrencies, and bonds. Traders benefit from competitive spreads, rapid execution, and leverage up to 1:500, supported by top-tier liquidity. This ensures a smooth and efficient experience for short-term market participants. |
| Leverage | |
| 1:301:500 | 1:30 (UK), 1:500 (Global) |
| FTSE Spread | |
| 1.5 | 1.64 |
| GBPUSD Spread< | |
| 0.1 | 1.9 average |
| Oil Spread | |
| 2.0 | 0.04 |
| Stocks Spread | |
| 2.2% | Variable |
| Forex | |
| HYCM provides over 40 forex pairs for trading on the MT4 or MT5 platforms. Leverage is capped at 1:30, compliant with regulatory standards. The Raw account features tight spreads starting at 0.2, while the commission-free Classic account offers spreads from 1.2. | FP Markets is an outstanding choice for forex enthusiasts, offering more than 70 currency pairs, with an expanded range of exotic options. Traders benefit from competitive pricing, with average spreads as low as 0.1 on EUR/USD in the Raw account. |
| Assets | |
| 40+ | 70+ |
| GBPUSD Spread | |
| 0.4 | 0.2 |
| EURUSD Spread | |
| 0.1 | 0.1 |
| EURGBP Spread | |
| 0.4 | 0.3 |
| Currency Indices | |
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| Cryptocurrency | |
| HYCM provides trading options exclusively on Bitcoin, available as CFDs paired with USD. Although this allows traders to engage with the largest cryptocurrency by market capitalisation, offering a wider selection of digital currencies would align the broker more closely with its competitors. | FP Markets offers CFDs on major cryptocurrencies such as Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin. Traders can engage in speculation on price fluctuations through these derivatives. However, direct coin ownership is not provided. Additionally, emerging tokens for avid crypto traders are not available on FP Markets. |
| Spread | |
| Variable | 17.3 (Bitcoin) |
| Coins | |
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| Crypto Lending | |
| No | No |
| Crypto Mining | |
| No | No |
| Crypto Staking | |
| No | No |
| Auto Market Maker | |
| No | No |
| HYCM | FP Markets |
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