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HYCM vs FP Markets : Fees, Safety & Trading Conditions Compared (2026)
Broker Name
HYCM
FP Markets
Broker Overview
Broker Type (e.g., Market Maker, ECN/STP)
Market maker
ECN broker
Years of Existence / Established Year
1977
2005
Customer Base / Number of Accounts
No information
No information
Regulation & Security
Regulations (governing bodies)
FCA, DFSA, CySEC,CIMA
ASIC, CySEC, FSCA, FSA, SVG
Awards Won (count for the last 2 years)
Most Trusted Broker 2023 UAE, Most Transparent Forex Broker 2023
Best CFD Broker - Africa, Best Trading Experience - Africa, Most Trusted Broker in 2023, Best Price Execution in 2024, Most Transparent Broker and Best Trading Conditions in 2024.
Security Measures
Tier-1 Client Fund Security
No
SSL Encryption / 2FA
Yes
Yes
Segregated Funds
Yes
Yes
Negative Balance Protection
Yes
Yes
Trading Instruments/Products Offered
Assets Types / Trading Instruments (total count and breakdown)
300+ instruments
10,000+ trading instruments
Currency Pairs
Yes
Yes
Commodities
Yes
Yes
Indices
Yes
Yes
Cryptocurrencies
Yes
Yes
CFDs
Yes
Yes
ETFs
No
Yes
Stocks
Yes
No
Options
No
No
Futures
No
No
Bonds
No
Yes
Mutual Funds
No
No
Fractional Shares
Exchange Traded Notes (ETNs)
No
No
Precious Metals
No
Yes
Real Estate Investment Trusts (REITs)
No
No
Equities
No
No
Trading Platforms & Technology
Trading Platform Availability
Yes
Yes
MT4
Yes
Yes
MT5
Yes
Yes
cTrader
No
Yes
Social Trading
Yes
Copy Trading
Yes
Yes
Other Trading Platforms (proprietary, etc.)
HYCM Trader, Web trader
No
Platform Compatibility (Windows, Mac, iOS, Android)
Yes
Yes
Account Types & Conditions
Account Types (Retail, Pro, VIP, etc.)
Fixed, Classic and Raw account, Special account for VIP and corpoarte clients
Forex account - Standard and raw MT4-MT5 account, Islamic forex account - Raw account and standard MT4-MT5 account
Demo Account (Yes/No)
Yes
Yes
Islamic Accounts (Yes/No)
Yes
Yes
Minimum Deposit
$20
$100
Leverage Available
1:20- 1:500
500:1
Trade Limit (maximum per trade)
250 for MT4 Unlimited for HYCM trader and MT5
Depends on the asset type
Commission (per account type)
No commission for fixed and classic accounts, Commissions for raw account: FX $4 per round, Metals $5 per round, Others $0 per round
$3
Best Suited For (e.g., beginners, experienced traders)
Beginners traders
Beginners to experienced traders
Deposit & Withdrawal Options
Deposit Methods
Bank Transfer, Visa (credit/debit card), and Crypto wallet (cryptocurrency payments), e-wallets
Credit/ debit cards, Bank transfers, e-wallets, International bank transfers, Local bank transfers, Broker to broker
Withdrawal Methods
Bank Transfer, Visa (credit/debit card), and Crypto wallet (cryptocurrency payments), e-wallets
Credit/ debit cards, Bank transfers, e-wallets, International bank transfers, Local bank transfers, Broker to broker
Other E-Wallets Supported
Neteller, Skrill, PayTrust, Fasapay, WebMoney, AstroPay, ZOTAPAY, and UPI
Skrill, Neteller, Asia bank, Stic Pay, Fasa pay, Virtual Pay, Rupee pay, Rapyd, Perfect Money, Crypto payment, Dragon Pya, Rapid transfer
Tools & Educational Resources
Economic Calendar
Yes
Yes
Tools & Educational Resources (tutorials, webinars, market news, etc.)
Forex Fundamentals, Trading Tools and Resources, Advanced Trading Concepts, Ethics and Compliance, Technology In Trading, Forex Market History
Trading courses, Live webinars, Podcasts, Trading guides, Platform tutorials, Ebooks, Trading glossary
Fees & Commissions
Trading-Related Fees
Spread- 0.1 to 1.5 pips, Raw account - FX- $4 per round, Metals - $5 per round
Forex- 3.50, Metals -3.50, Commodities- built into spread, Indices- Built into spread
Spread (typical, fixed, variable)
Variable /Fixed
Typical
Per Lot Fees
$4 per round
$2
Options Contract Fees
NA
NA
Futures Contract Fees
NA
NA
Markup Fees on Spread
NA
NA
Guaranteed Stop Loss Fees
NA
NA
Maximum Leverage
1:500
500:1
Non-Trading Fees
Dormant Fees
$10 inactive for 90 days
$0
Subscription Fees (for premium features, data feeds)
NA
$0
Advisory Fees
NA
$70
Swap Fees (Overnight Financing)
Yes
Long- $5.79, short- $2.59
Statement or Document Fee
NA
NA
Account Opening Fee
NA
$0
Account Maintenance Fee
$50
$0
Deposit Fee
$0
$0
Currency Conversion Fee
$10
Starts from 0.06 to 0.30 %
Withdrawal Fee
e-wallets- 1%, Bank wires- $30, Others-$0
Upto $50
Bonuses, Promotions & Benefits
Bonuses, Promotions, and Referrals
Yes
Yes
Customer Benefits (e.g., Retirement Plan)
No
No
Trading Hours
Trading Hours (for each asset class if applicable)
23: 01GMT on Sunday night and 21: 00 GMT on Friday night
Depends on the instrument offer
Customer Support
Support Hours (e.g., 24/7, weekdays only)
24/5 For complaints 9:00 - 18.00 (GMT +3)
24/7
Customer Support Methods (phone, email, live chat)
Phone: +44 - 208 - 816 - 7812, E-mail:[email protected], Live chat
Phone: Toll-free: +44 28 2544 7780, E-mail: [email protected], Live chat
Support Languages
15+
12+
Additional Information
Headquarters Location
27-28 Clement's Lane, St Clement's HouseLondon EC4N 7AEUnited Kingdom
Sydney,Australia
Complaints (for crypto brokers)
No
No
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