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Data refreshed 25 Aug 2026 · Compiled by David Ispiryan
Trust rank #9 · Founded 1999
FXCM is a well-regarded forex broker that provides access to currency pairs on proprietary and third-party trading platforms, with market research, education, and risk management tools. It operates through regulated entities.
Read the FXCM 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 reviewFXCM (United Kingdom, founded 1999) holds 4 regulatory licences (ASIC, CySEC, FCA, FSCA), 2 of them tier-1, offers MT4, Proprietary, TradingView 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 203 countries; FXCM is available in 23 countries where HYCM is not, and HYCM in 2 where FXCM is not.
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.
| Criteria | FXCM | HYCM |
|---|---|---|
| Editorial rating | Not verified | 8.7 / 10 |
| Trust rank | #9 | #30 |
| Founded | 1999 | 1977 |
| Headquarters | United Kingdom | United Kingdom |
| Regulators | ASIC, CySEC, FCA, FSCA | CIMA, CySEC, DFSA, FCA |
| Broker type | STP | Market Maker, STP |
| Platforms | MT4, Proprietary, TradingView | MT4, MT5 |
| Instruments | Commodities, Cryptocurrencies, Forex, Indices | Commodities, Cryptocurrencies, Forex, Indices, Metals |
| Countries accepted | 226 countries | 205 countries |
| Fee level | Low | Medium |
| Trading types | CFD Trading, Spot Trading | CFD Trading, Spot Trading |
| Best-for use cases | 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 (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, Bulgaria, Burundi, Cabo Verde, Cameroon, Central African Republic, Chad, Chile, China, Christmas Island, Cocos (Keeling) Islands, Colombia, Comoros, Congo, Cook Islands, Costa Rica and 163 more.
Only FXCM (23): Afghanistan, Albania, Barbados, Burkina Faso, Cambodia, Cayman Islands, Cyprus, France, Gibraltar, Haiti, Iraq, Jamaica, Lebanon, Mali, Mozambique, Panama, Philippines, Portugal, Senegal, South Sudan, Spain, Tanzania, Uganda.
Only HYCM (2): India, Japan.
Availability reflects the countries each broker declares it serves. Local rules change; confirm on the broker's own site before signing up.
FXCM holds more regulatory licences: FXCM (ASIC, CySEC, FCA, FSCA) versus HYCM (CIMA, CySEC, DFSA, FCA). Tier-1 licences: FXCM 2, HYCM 1.
FXCM offers MT4, Proprietary, TradingView; HYCM offers MT4, MT5.
FXCM is in the lower fee bracket (low vs medium) in our catalogue.
HYCM is the older of the two, founded in 1977; FXCM was founded in 1999.
They overlap in 203 countries. FXCM is additionally available in 23 countries (Afghanistan, Albania, Barbados, Burkina Faso, Cambodia, Cayman Islands and 17 more) and HYCM in 2 countries (India, Japan).
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.