Pepperstone
HYCM
Our Rating
98
61
74.7% of retail investor accounts lose money when trading spread bets and CFDs with this provider
Bonus Deposits

Regulations and Licenses

Feature
Pepperstone
HYCM
ASIC (Australia)
FCA (UK)
CYSEC (Cyprus)
DFSA (Dubai)
BaFin (Germany)
SCB (Bahamas)

Brokerage

Feature
Pepperstone
HYCM
EUR/USD Avg. Raw Spread
0.10
0.1
GBP/USD Avg. Raw Spread
0.40
0.4
AUD/USD Avg. Raw Spread
0.20
0.3
EUR/USD Standard Spread
1.10
1.2
EUR/USD Fixed Spreads
1.8
GBP/USD Avg. Standard Spread
1.40
1.3
AUD/USD Avg. Standard Spread
1.20
1.3
Commissions (USD Base)
$3.50
$4.00
Minimum Deposit
$0
$100
Swap Free Account
No Inactivity Fees
Funding Methods
16+
6+
No Funding Fees

Markets and Instruments

Feature
Pepperstone
HYCM
Currency Pairs
62+
69+
Cryptocurrency CFDs*
12+
14+
Index CFDs
14+
28+
Share CFDs
300+
61+
Commodities CFD
9+
17+
Retail Max Leverage (Australia)
Major Pairs 30:1
Minor Pairs 20:1
-
Pro. Max Leverage (Australia)
500:1
-
Retail Max. Leverage (United Kingdom)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (United Kingdom)
500:1
500:1
Retail Max. Leverage (Europe)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (Europe)
500:1
500:1
Retail Max. Leverage (UAE)
Major Pairs 30:1
Minor Pairs 20:1
Major Pairs 30:1
Minor Pairs 20:1
Pro. Max. Leverage (UAE)
500:1
500:1
Retail Max. Leverage (Kenya)
400:1
-
Professional Leverage
500:1
-

*Cryptocurrency CFDs are not available to retail traders in the UK due to FCA regulations
*CFD trading is not available in the USA due to NFA and CFTC regulations, American traders spot trade in place of CFDs.

Trading Platforms + Tools

Feature
Pepperstone
HYCM
MetaTrader 4 (MT4)
MetaTrader 5 (MT5)
cTrader
TradingView
Proprietary Platform
Automated Trading
Social + Copy Trading
Standard Stop Loss
Guaranteed Stop Loss
Demo Account

Overall

Pepperstone
HYCM
Our Rating
980
610
 

We have compared Pepperstone and HYCM based on 10 important trading factors and identified significant differences. Pepperstone is an Australian-based CFD and forex broker that offers consistently low spreads, while HYCM is one of the oldest forex brokers from Hong Kong and a market maker.

Pepperstone is known for low spreads and various trading platforms, while HYCM offers a simplified trading experience. On Pepperstone’s Razor account, a $7 round turn commission is charged for 1 standard lot, while HYCM does not charge a commission. If you are inactive for 90 days, HYCM will charge you a $10 fee monthly, while Pepperstone does not charge any inactivity fees. Plus, only Pepperstone offers free VPS hosting for eligible traders.