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Data refreshed 25 Aug 2026 · Compiled by David Ispiryan
Trust rank #23 · Editorial rating 9 / 10 · Founded 2005
FP Markets is a well-regarded forex broker providing access to currencies and CFDs on popular platforms, supported by research tools and education. It offers broad market coverage, platform choice, and multilingual customer…
Read the FP Markets reviewTrust 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 reviewFP Markets (Australia, founded 2005) holds 4 regulatory licences (ASIC, CMA, CySEC, FSCA), 1 of them tier-1, offers cTrader, MT4, MT5 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 201 countries; FP Markets is available in 24 countries where HYCM is not, and HYCM in 4 where FP Markets is not.
Scored on 9 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.
| Criteria | FP Markets | HYCM |
|---|---|---|
| Editorial rating | 9 / 10 | 8.7 / 10 |
| Trust rank | #23 | #30 |
| Founded | 2005 | 1977 |
| Headquarters | Australia | United Kingdom |
| Regulators | ASIC, CMA, CySEC, FSCA | CIMA, CySEC, DFSA, FCA |
| Broker type | DMA, ECN, STP | Market Maker, STP |
| Platforms | cTrader, MT4, MT5 | MT4, MT5 |
| Instruments | Commodities, Cryptocurrencies, Forex, Indices, Metals | Commodities, Cryptocurrencies, Forex, Indices, Metals |
| Countries accepted | 225 countries | 205 countries |
| Fee level | Low | Medium |
| Trading types | CFD Trading, Spot Trading | CFD Trading, Spot Trading |
| Best-for use cases | Copy Trading, Professional Trading, Retail Trading | Professional 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.
Available at both (201): 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, Bulgaria, Burundi, Cabo Verde, Cameroon, Central African Republic, Chad, Chile, China, Christmas Island, Cocos (Keeling) Islands, Colombia, Comoros, Congo, Cook Islands, Costa Rica and 161 more.
Only FP Markets (24): Albania, Barbados, Belgium, Burkina Faso, Cambodia, Canada, Cayman Islands, Cyprus, France, Gibraltar, Haiti, Hong Kong, Jamaica, Lebanon, Mali, Mozambique, Panama, Philippines, Portugal, Senegal, South Sudan, Spain, Tanzania, Uganda.
Only HYCM (4): Liberia, Libya, Somalia, Yemen.
Availability reflects the countries each broker declares it serves. Local rules change; confirm on the broker's own site before signing up.
FP Markets holds more regulatory licences: FP Markets (ASIC, CMA, CySEC, FSCA) versus HYCM (CIMA, CySEC, DFSA, FCA). Tier-1 licences: FP Markets 1, HYCM 1.
FP Markets offers cTrader, MT4, MT5; HYCM offers MT4, MT5.
FP Markets is in the lower fee bracket (low vs medium) in our catalogue.
HYCM is the older of the two, founded in 1977; FP Markets was founded in 2005.
They overlap in 201 countries. FP Markets is additionally available in 24 countries (Albania, Barbados, Belgium, Burkina Faso, Cambodia, Canada and 18 more) and HYCM in 4 countries (Liberia, Libya, Somalia, Yemen).
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.