Fineco vs HYCM (2026): regulation, platforms and costs compared

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Data refreshed 25 Aug 2026 · Compiled by David Ispiryan

Fineco

Trust rank #14 · Founded 1999

Fineco forex broker offers a multi-asset trading platform with broad currency pair access, built-in research, charting, and risk management tools. It delivers a streamlined web and mobile experience for order placement and…

Read the Fineco review

HYCM

Trust rank #30 · Editorial rating 8.7 / 10 · Founded 1977

HYCM is a well-regarded forex and CFD broker offering access to a broad range of currency pairs and other markets on MetaTrader platforms. It provides flexible account types, education and research resources,…

Read the HYCM review

Fineco (Italy, founded 1999) holds 2 regulatory licences (CONSOB, FCA), 2 of them tier-1, offers Proprietary and sits in our low-fee bracket. HYCM (United Kingdom, founded 1977) holds 4 regulatory licences (CIMA, CySEC, DFSA, FCA), 1 of them tier-1, offers MT4, MT5 and sits in our medium-fee bracket. The two overlap in 2 countries; Fineco is available in 0 countries where HYCM is not, and HYCM in 203 where Fineco is not.

Verdict at a glance

  • Fineco leads on trust rank, fee level and tier-1 licences.
  • HYCM leads on track record, regulatory coverage, platform choice, instrument range and country coverage.

Scored on 8 measurable dimensions where both brokers have verified data. Dimensions missing for either side are excluded rather than guessed. This is a data summary, not a recommendation.

Fineco vs HYCM: side-by-side data

CriteriaFinecoHYCM
Editorial ratingNot verified8.7 / 10
Trust rank#14#30
Founded19991977
HeadquartersItalyUnited Kingdom
RegulatorsCONSOB, FCACIMA, CySEC, DFSA, FCA
Broker typeMarket MakerMarket Maker, STP
PlatformsProprietaryMT4, MT5
InstrumentsForexCommodities, Cryptocurrencies, Forex, Indices, Metals
Countries accepted2 countries205 countries
Fee levelLowMedium
Trading typesCFD TradingCFD Trading, Spot Trading
Best-for use casesRetail TradingProfessional Trading, Retail Trading

Highlighted cells mark the stronger value where a direction is objectively better (e.g. more licences, lower fees). "Not verified" means the field is not yet in our catalogue for that broker — we never fill gaps with estimates.

Pros

Fineco

  • EU-regulated bank broker; segregated client funds
  • Negative balance protection (ESMA)
  • Proprietary PowerDesk platform with advanced charting and order types
  • Multicurrency account with instant FX conversion
  • Competitive variable spreads on major FX pairs

HYCM

  • Multi-jurisdiction regulation (FCA, CySEC, DFSA, CIMA)
  • MT4 and MT5 platforms with EA support
  • Multiple account types (Fixed, Classic, Raw) incl. Islamic accounts
  • Competitive pricing with tight raw spreads and low commissions
  • Negative balance protection and segregated client funds

Cons

Fineco

  • No MetaTrader (MT4/MT5) or cTrader support
  • Retail leverage capped at 1:30 (ESMA/UK)
  • Smaller FX pair selection vs top brokers
  • No social/copy trading features
  • No open API for automated trading

HYCM

  • Offshore CIMA entity for most international clients
  • No guaranteed stop-loss orders
  • Inactivity fees on dormant accounts
  • Limited platforms (MT4/MT5 only; no cTrader)
  • Wider spreads on Standard/Fixed accounts

Key features

Fineco

  • EU Bank Regulated by Bank of Italy and CONSOB
  • Forex CFDs with ESMA Leverage up to 30 to 1
  • Proprietary Platforms PowerDesk Web and Mobile
  • Advanced Charting and Order Types including Trailing Stops
  • Multicurrency Accounts and Real Time FX Conversion
  • Negative Balance Protection for Retail Clients

HYCM

  • Regulated in the UK Cyprus UAE and Cayman Islands
  • MetaTrader 4 and MetaTrader 5 platforms
  • Account types Fixed Classic Raw
  • Forex and CFD trading on indices commodities and shares
  • Negative balance protection and segregated client funds
  • Support for algorithmic trading and expert advisors

Country availability: Fineco vs HYCM

Available at both (2): Italy, United Kingdom.

Only HYCM (203): Algeria, American Samoa, Andorra, Angola, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Australia, Austria, Azerbaijan, Bahamas, Bahrain, Bangladesh, Belize, Benin, Bermuda, Bhutan, Bolivia, Bonaire, Bosnia and Herzegovina, Botswana, Brazil, Brunei and 178 more.

Availability reflects the countries each broker declares it serves. Local rules change; confirm on the broker's own site before signing up.

Fineco vs HYCM: common questions

Which broker is more regulated, Fineco or HYCM?

HYCM holds more regulatory licences: Fineco (CONSOB, FCA) versus HYCM (CIMA, CySEC, DFSA, FCA). Tier-1 licences: Fineco 2, HYCM 1.

Which trading platforms do Fineco and HYCM offer?

Fineco offers Proprietary; HYCM offers MT4, MT5.

Which has lower fees, Fineco or HYCM?

Fineco is in the lower fee bracket (low vs medium) in our catalogue.

Which is older, Fineco or HYCM?

HYCM is the older of the two, founded in 1977; Fineco was founded in 1999.

Are Fineco and HYCM available in the same countries?

They overlap in 2 countries. Fineco is additionally available in 0 countries () and HYCM in 203 countries (Algeria, American Samoa, Andorra, Angola, Anguilla, Antigua and Barbuda and 197 more).

Keep comparing

Fineco

HYCM

Risk warning: CFDs and forex are complex, leveraged instruments and carry a high risk of losing money rapidly. A majority of retail investor accounts lose money when trading CFDs. Nothing on this page is financial advice; verify licence status on the regulator's register before depositing. Full risk disclosure.