Pepperstone vs HYCM Broker Comparison

Are you trying to figure out which is a better broker, Pepperstone or HYCM? After rigorously testing both brokers and putting each through our accurate and extensive reviewing process, we have concluded that HYCM is the better of the two. HYCM offers 300+ instruments, licenses from FCA, CySec, CIMA, and fair trading fees.

In the tables below, you can compare the features of Pepperstone and HYCM side by side, to work out which suits your trading needs best. You can also carry on reading to find out why our experts ranked HYCM higher than Pepperstone.

Rating
92.5/100
97/100
Min. Deposit
200$
100$
Regulated By
FCAFCA
ASICASIC
FCAFCA
CySecCySec
CIMACIMA
Bonus
N/A
up to 5,000
Min. Spread
1
1.8
Max. Leverage
1:500
1:200*
Currency Pairs
61
69
Trading Instruments
150+
300+
Trading Platforms
MT4, MT5, mobile
MT4, MT5, mobile
Deposit Methods
Visa, MasterCard, Bank transfer, POLi, BPay, PayPal, Neteller, Skrill, Union Pay
Bank Wire Transfer, Visa, MasterCard, Neteller, Skrill, WebMoney
Type of Brokers
Non Dealing Desk
Market Maker
Customer Support
24/5
24/5
Language Support
4
12
Established
2010, HQ in Melbourne
1997, HQ in Cyprus
Used By
100,000+ Traders
1,000,000+ Traders

Does Pepperstone or HYCM have lower trading costs and fees?

To compare the costs of trading at different brokers, our experts analyze both trading-specific fees, such as spreads, and non-trading fees, such as inactivity charges and payment costs.

To give an overall view of how cheap or expensive Pepperstone and HYCM are, we first considered the common fees on Standard Accounts. At Pepperstone the average spread for the EUR/USD currency pair is 1 pips, whilst at HYCM the spread is 1.8.

This shows that Pepperstone is the better option for low-cost forex trading.

When it comes to non-trading fees, Pepperstone charges for . HYCM charges for inactivity. With this in mind, Pepperstone has lower non-trading fees.

When our experts analyzed the specific costs of both brokers, we found that HYCM is the better option.

Trading Fees*

*Based on Standard account type.

Non-Trading Fees

Which broker is safer, Pepperstone or HYCM?

In order to decide how safe our top-rated brokers are, our experts look at a number of factors. This includes what licenses the broker holds and how reputable those licenses are. We also consider the history of the broker, as a long-standing broker is often more reliable and trustworthy than a newer one.

Pepperstone is regulated by FCA, ASIC, DFSA, SCB and offers client protection. HYCM is regulated by FCA, CySec, CIMA and offers client protection.

Considering these two factors, and the general reputation and history of both brokers, we believe that HYCM is the safer broker.

Broker summary

How many trading instruments are available at Pepperstone and HYCM?

Pepperstone provides traders with 150+ instruments. This includes 61 currency pairs, 5 cryptocurrencies, and 64 stocks and shares. With Pepperstone, you can also trade CFDs.

In comparison, HYCM boasts 300+ tradable instruments. HYCM offers 69 currency pairs, 14 cryptocurrencies, and 70 stocks and shares. HYCM also allows CFD trading.

As both brokers offer the same total number of instruments, both are great choice if you are wishing to diversify your trading portfolio.

Markets and Products

Which broker offers the best trading platform, Pepperstone or HYCM?

When our experts review a broker, they open their own accounts and place trades via the broker’s trading platform. This allows them to fully evaluate the quality of the platform, how easy it is to use and what features it offers.

Pepperstone provides you with the ability to trade via 3 trading platforms, and HYCM has 3 trading platforms, too. Both brokers also offer research and trading tools, however Pepperstone has more.

Overall, our experts agree that HYCM boasts the better trading platform offering.

Research Tools

Which is better for beginners, Pepperstone or HYCM?

To decide how well-suited a broker is for beginner traders, our experts look at what educational materials are available, how accessible the minimum deposit limits are, the range of account types and whether or not you can practice trading with a demo account first.

Considering this, our reviews show that Pepperstone is the better broker for beginner traders as it offers a larger range of educational tools and materials. Pepperstone also has a minimum deposit of 200$ and offers a demo account.

Educational Features

Which broker is better overall?

Overall, our tested reviewing methodology proves that HYCM is the better broker in a range of key areas. You can learn more by reading our Pepperstone and HYCM reviews.

Pepperstone vs HYCM
Pepperstone
92.5
Points
HYCM
97
Points
Overall
5 points
Pepperstone
94
Points
HYCM
95
Points
Commissions & Fees
1 points
Pepperstone
91
Points
HYCM
99
Points
Licensing & Safety
8 points
Pepperstone
98
Points
HYCM
87
Points
Trading Platforms & Tools
11 points
Pepperstone
89
Points
HYCM
92
Points
Payments
3 points
Pepperstone
88
Points
HYCM
95
Points
Customer Service
7 points
Pepperstone
95
Points
HYCM
89
Points
Educational
6 points
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