HYCM vs FP Markets
HYCM or FP Markets – which is better for UK traders 2024? Compare HYCM and FP Markets in this detailed breakdown of their platforms, features and fees.
HYCM | FP Markets |
---|---|
HYCM is ranked #68 among CFD brokers. | FP Markets is ranked #65 among CFD brokers. |
HYCM is an online broker with authorization from four international bodies including the FCA and CySEC. The broker offers short-term CFD trading on forex, shares, commodities, indices, ETFs and Bitcoin, and supports the MT4 and MT5 platforms, as well as Trading Central analysis. | FP Markets is an ASIC- and CySEC-regulated broker that offers forex and CFD trading on a broad range of assets through the MT4, MT5 and IRESS platforms. With trading available through standard and raw spread accounts on thousands of international stocks, forex, indices, commodities, cryptocurrencies, bonds and ETFs, this broker has some of the most comprehensive market coverage available. FP Markets also offers a full range of additional features, including educational resources and access to powerful software such as Autochartist. |
Pros | |
|
|
Cons | |
|
|
Awards | |
|
|
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 | $100 |
Payment Methods | |
Minimum Trade | |
0.01 Lots | 0.01 Lots |
Regulator | |
FCA, DFSA, CIMA, CySEC | ASIC, CySEC, ESMA |
Mobile Apps | |
iOS & Android | iOS & Android |
iOS App Rating | |
Android App Rating | |
Margin Trading | |
Yes | No |
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 | Yes |
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 Social Trading app allows for the straightforward mirroring of established traders with an easy-to-follow ranking system. | |
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 | |
|
|
Commodities | |
|
|
CFD | |
HYCM traders can access CFDs on a range of stocks, indices, commodities and ETFs with floating spreads and maximum leverage varying by instrument. Clients also have a choice between two industry-leading platforms. | FP Markets' CFD trading covers a range of markets, including 10,000+ equities, indices, commodities, cryptocurrencies and ETFs. Spreads are tight and traders get fast execution speeds. |
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 offers 40+ forex pairs, with most available to trade on either the MT4 or MT5 platform. The maximum leverage on offer is 1:30 in accordance with regulations, and tight spreads start from 0.2 on the Raw account and from 1.2 on the commission-free Classic account. | FP Markets is a good option for forex traders, with 70+ pairs covering an excellent range of currencies. Spreads are already tight on standard accounts and start from zero on raw spread accounts, and the broker offers high leverage up to 1:500 and top-tier liquidity. |
Assets | |
40+ | 60+ |
GBPUSD Spread | |
0.4 | 1.9 |
EURUSD Spread | |
0.1 | 1.1 |
EURGBP Spread | |
0.4 | 1.7 |
Currency Indices | |
|
|
Cryptocurrency | |
HYCM only offers trading opportunities on Bitcoin, which is traded via CFD in a pair with USD. Whilst exposure to the largest crypto by market cap is good, access to other digital currencies would bring the broker in line with competitors. | Take positions on popular cryptocurrencies, including Bitcoin, Ethereum, Ripple, Bitcoin Cash, and Litecoin with leveraged CFDs. However, you cannot directly buy and own crypto tokens. |
Spread | |
Variable | Floating |
Coins | |
|
|
Crypto Lending | |
No | No |
Crypto Mining | |
No | No |
Crypto Staking | |
No | No |
Auto Market Maker | |
No | No |
HYCM | FP Markets |
More Comparisons | |
HYCM vs |
FP Markets vs |