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Head to head

FxPro vs HYCM

FxPro is licensed by FCA in the United Kingdom, CySEC in the European Union and SCB in The Bahamas, and also has an offshore registration. HYCM is licensed by FCA in the United Kingdom and DFSA in the United Arab Emirates (DIFC). The licence that applies to you depends on where you live, so check which company you would contract with before comparing anything else.

Minimum deposits start at $0 at FxPro and $20 at HYCM. Both offer negative balance protection and segregated client money.

Facts last checked: FxPro on 20 October 2026, HYCM on 20 October 2026.

FxPro profileHYCM profile
Broker 1
Broker 2
Broker 3

Monthly cost uses the account chosen in each slot: cost per lot × your lots. Swap and other fees are extra. The lowest monthly cost is highlighted only as a fact about cost, not as a recommendation.

Broker
FxProStrictly regulatedRead the profile
HYCMStrictly regulatedRead the profile
Comparing
FxProRaw+ account · United Kingdom
HYCMUnited Kingdom

Overview

Founded
Not yet checked
Not yet checked
Headquarters
London, United Kingdom
London, United Kingdom
Official websites
  • fxpro.com
  • fxpro.co.uk
  • hycm.com
  • hycm.co.uk
Facts last checked
20 October 2026
20 October 2026

Regulation and protection

Company you would contract with
FxPro UK Limited
HYCM Capital Markets (UK) Limited
Regulator
FCA
United Kingdom
FCA
United Kingdom
Regulation level
Strictly regulated
Strictly regulated
Licence number
509956
Check the register
186171
Check the register
Clients this company serves
UK residents
UK residents
All licences held
  • FCA (United Kingdom)
  • CySEC (European Union)
  • SCB (The Bahamas)
  • FSA Seychelles (Seychelles)
  • FCA (United Kingdom)
  • DFSA (United Arab Emirates (DIFC))
Segregated client money
Yes
Yes
Negative balance protection
Yes
Yes
Compensation scheme
FSCS for eligible clients of FxPro UK Limited; ICF for eligible clients of the Cyprus company
FSCS for eligible clients of HYCM Capital Markets (UK) Limited only

Costs

Your monthly cost
$96$9.6 per lot × 10 lots
No accounts listed
Cost per lot (EUR/USD)
$9.6
No accounts listed
Spread from
0.2 pips
No accounts listed
Typical EUR/USD spread
0.3 pips
No accounts listed
Commission per lot (round turn)
$7
No accounts listed
Typical GBP/USD spread
Not yet checked
Not yet checked
Typical USD/JPY spread
Not yet checked
Not yet checked
Typical XAU/USD spread
Not yet checked
Not yet checked
Swap-free account
Yes
Yes

Leverage and margin

Maximum retail leverage
1:30 on major pairs for UK and EU retail clients; dynamic leverage with no fixed cap on major pairs at the Bahamas company
1:30 on major pairs for FCA retail clients; up to 1:500 at the Costa Rica company
Retail leverage by asset class
  • Major currency pairs: 1:30 (UK/EU); dynamic, no fixed cap (Bahamas)
  • Minor currency pairs: 1:20 (UK/EU); 1:500 (Bahamas)
  • Gold: 1:20 (UK/EU); 1:10000 (Bahamas)
  • Major indices: 1:20 (UK/EU); 1:500 (Bahamas)
  • Energies: 1:10 (UK/EU); 1:200 (Bahamas)
  • Shares and ETFs: 1:5 (UK/EU); 1:25 (Bahamas)
  • Cryptocurrencies: 1:2 (UK/EU); 1:500 (Bahamas)
  • Major currency pairs: 1:30 (FCA); up to 1:500 (Costa Rica)
  • Bitcoin CFDs: 1:5 (Costa Rica company only)
Margin call level
Not yet checked
Not yet checked
Stop-out level
50% for UK and EU retail accounts; FxPro states 0% for accounts at its global entity
50% (HYCM may start closing positions from 55%)

Account

Minimum deposit (this account)
$0
No accounts listed
Base currencies
Not yet checked
No accounts listed
Execution
Market execution, raw spread plus $3.50 per side commission (MT4 and MT5)
No accounts listed

Platforms and features

Platforms
  • FxPro platform and app
  • MetaTrader 4
  • MetaTrader 5
  • cTrader
  • TradingView
  • MetaTrader 4
  • MetaTrader 5
  • HYCM Trader app
  • Web Trader
Markets
2,100+ CFDs on forex, metals, indices, energy, futures, cryptocurrencies, shares and ETFs
300+ CFDs on forex, metals, indices, commodities, shares and cryptocurrencies, plus US stocks
Demo account
Yes
Yes
Copy trading
No
Not yet checked
Expert advisors (automated trading)
Yes
Yes
News trading allowed
Not yet checked
Not yet checked
Guaranteed stops
Not yet checked
Not yet checked

Deposits and withdrawals

Deposit methods
  • Bank transfer
  • Local bank transfer
  • Debit or credit card
  • E-wallet
  • Bank wire
  • Visa card
  • Cryptocurrency
Withdrawal fee
No FxPro fee on deposits or withdrawals; e-wallet withdrawals may be charged if you have not traded
No HYCM fee; your bank may charge. Profits are withdrawn by wire transfer only
Inactivity fee
None stated; live accounts are disabled after 3 months without activity and can be reactivated on request
Not yet checked

Support

Customer support
24/5 by live chat, email and phone
Live chat and online help centre

Our notes

Strengths
  • UK company authorised by the FCA and EU company licensed by CySEC, both strict regulators
  • Client money held in segregated accounts, with negative balance protection for all clients
  • Raw+ account costs about $9.60 per lot on EUR/USD, against about $14.90 on Standard
  • UK company authorised by the FCA since 2001 and allowed to hold client money
  • Client money kept in segregated accounts, with negative balance protection
  • Low $20 minimum deposit on every account type
Watch out for
  • Clients outside the UK and EU usually join the Bahamas company, with lighter rules and no FSCS or ICF cover
  • Leverage at the Bahamas company is dynamic with no fixed cap on major pairs, which magnifies losses
  • Live accounts are disabled after 3 months of inactivity
  • The international website (hycm.com) signs clients up with HYCM Capital Markets S.R.L., a Costa Rica company with no financial licence
  • Leverage of up to 1:500 at the Costa Rica company, against 1:30 for FCA retail clients
  • The FCA has warned about many clone firms using HYCM's name, including hycmarkets.net and hycmarket.com
  • Spreads are published only as "from" figures, so typical costs are hard to compare

Risk warnings

The buttons to a broker’s website above the table are partner links: we may earn a commission if you open an account through them. That never changes the facts shown here. Trading leveraged products such as forex and CFDs carries a high risk of losing money rapidly, and most retail accounts lose money. Each broker’s own warning:

  • FxPro: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Please ensure you fully understand how CFDs work and whether you can afford to take the high risk of losing your money.
  • HYCM: Contracts for Difference (‘CFDs’) are complex financial products that are traded on margin. Trading CFDs carries a high degree of risk. It is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent expert advice if necessary and speculate only with funds that you can afford to lose. Please think carefully whether such trading suits you, taking into consideration all the relevant circumstances as well as your personal resources. We do not recommend clients posting their entire account balance to meet margin requirements. Clients can minimise their level of exposure by requesting a change in leverage limit. For more information please refer to HYCM’s Risk Disclosure.

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Other head-to-head pages

Cost per lot is the typical EUR/USD spread in busy hours × $10, plus any round-turn commission, for one standard lot. “Not yet checked” means we have not confirmed that fact yet. This page compares facts; it does not rank the brokers or recommend either. Confirm costs and licences on each broker’s site and the regulator’s public register before opening an account: see how we review brokers and check a broker yourself.

Nothing on this page is financial advice. Read the full disclaimer.

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