Pepperstone vs HYCM (Henyep Capital Markets) 2024

Pepperstone is not publicly traded and does not operate a bank. Pepperstone is authorised by three Tier-1 regulators (Highly Trusted), two Tier-2 regulators (Trusted), zero Tier-3 regulators (Average Risk), and two Tier-4 (High Risk). Pepperstone is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA), Australian Securities & Investment Commission (ASIC), and regulated in the European Union via the MiFID passporting system.

HYCM is not publicly traded and does operate a bank. HYCM is authorised by three Tier-1 regulators (Highly Trusted), one Tier-2 regulator (Trusted), zero Tier-3 regulators (Average Risk), and one tier-4 regulator (High Risk). HYCM is authorised by the following Tier-1 regulators: the Securities Futures Commission (SFC), Financial Conduct Authority (FCA), and regulated in the European Union via the MiFID passporting system.

Pepperstone offers a growing range of tradeable markets, good-quality research, and support for multiple social copy trading platforms.

HYCM is a trusted brand that offers a straightforward MetaTrader platform experience. Its Raw account delivers competitive pricing, and traders gain access to third-party modules from Trading Central as well as exchange-traded securities (available through a separate platform). That said, HYCM offers a narrow range of symbols to forex and CFD traders.

To open a trading account with Pepperstone, you'll need to make an initial minimum deposit of $200.

HYCM (Henyep Capital Markets) requires a minimum deposit of $20 before you can open an account and start trading.

It's important to make sure that your forex broker accepts the funding options and deposit methods that work best for you. Pepperstone offers Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), PayPal (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw) for banking, whereas HYCM (Henyep Capital Markets) provides Visa/Mastercard (Credit/Debit), Bank Wire (Deposit/Withdraw), Skrill (Deposit/Withdraw) and Neteller (Deposit/Withdraw).

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spread data, and pricing structures vary. Based on our thorough, data-driven testing of each broker's commissions and fees, we found that Pepperstone offers better pricing overall for traders.

Methodology: When testing each broker's commissions, fees, and pricing, we analyze multiple trade scenarios and award points based on the expansiveness (or inexpensiveness) of the broker's spreads. We then run multiple scenarios for different investor types, incorporating any miscellaneous fees, to determine an "all-in" cost per trade. Learn more about how we test.

At ForexBrokers.com, we track over 110 international regulatory agencies and sort them by tiers (Tier-1, Tier-2, Tier-3, Tier-4, and Tier-5) to help you choose well-regulated, highly trusted forex brokers. Learn more about our proprietary Trust Score rating system. Based on our research on the regulatory status of over 60 brokers, we've found that Both Pepperstone and HYCM (Henyep Capital Markets) hold 3 global Tier-1 licenses. Pepperstone holds 2 global Tier-2 licenses, while HYCM (Henyep Capital Markets) holds 1.

After evaluating each broker based on their number of held licenses, years in business, and a range of other data-driven variables, we've determined that Pepperstone (95) earned a higher Trust Score than HYCM (Henyep Capital Markets) (88).

To compare the trading platforms of both Pepperstone and HYCM (Henyep Capital Markets), we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Pepperstone offers a better experience. With research, Pepperstone offers superior market research. Finally, we found Pepperstone to provide better mobile trading apps.

Here’s what trading platforms are available at Pepperstone:

• Proprietary Platform - No
• Web Platform - Yes
• cTrader - Yes
• DupliTrade - Yes
• MT4 - Yes
• MT5 - Yes
• ZuluTrade - No
• TradingView - Yes

Here’s what trading platforms are available at HYCM (Henyep Capital Markets):

• Proprietary Platform - Yes
• Web Platform - Yes
• cTrader - No
• DupliTrade - No
• MT4 - Yes
• MT5 - Yes
• ZuluTrade - No
• TradingView - No

The MetaTrader trading platform suite is wildly popular among forex and CFD traders across the globe. Both Pepperstone and HYCM (Henyep Capital Markets) offer MetaTrader 4 (MT4). Forex traders also appreciate the ability to engage in social copy trading. While Pepperstone offers copy trading, HYCM (Henyep Capital Markets) does not.

HYCM (Henyep Capital Markets) provides traders 70 currency pairs (e.g., EUR/USD) compared to Pepperstone's 62 available pairs. If you are interested in trading CFDs, Pepperstone offers traders access to 2342 CFDs, while HYCM (Henyep Capital Markets) offers access to 1199 CFDs; so Pepperstone offers 1143 more CFDs than HYCM (Henyep Capital Markets).

We found in our testing that Pepperstone offers a more diverse selection of investment options than HYCM (Henyep Capital Markets), allowing you to trade Forex Trading (Spot or CFDs), U.S. Stocks (CFD), Cryptocurrency (Derivative), Social Trading / Copy Trading and Spread Betting. Neither have Cryptocurrency (Physical).