HYCM vs Pepperstone - Online Brokerage Comparison

HYCM vs Pepperstone | Brokerage Comparison
HYCM vs Pepperstone Comparison Table
Online BrokerMinimum DepositTrading PlatformsMarketsAbout
Minimum Deposit
MT4, MT5
Trading Platforms
Markets To Trade
HYCM offers trading on MT4 and MT5 allowing the use of EA robots
Minimum Deposit
MT4, MT5, cTrader, TradingView
Trading Platforms
Markets To Trade
Pepperstone provides automated trading on all its platforms and supports a wide range of trading styles

HYCM vs Pepperstone Comparison

These brokers share these features: each offers the MT4 and MT5 trading platforms and allows automated trading strategies using Expert Advisors (EAs). Pepperstone additionally provides cTrader (cTrader supports robots called cBots) and TradingView (automated trading is supported on TradingView via Pine Script).

Pepperstone provides no dealing desk intervention, while HYCM may intervene in the order process. Both brokers say they can offer fast order execution, and Pepperstone uses Equinix infrastructure to facilitate this.

HYCM is regulated by the FCA in the United Kingdom, the CySEC in Cyprus, the CIMA in the Cayman Islands and the DFSA in Dubai. Pepperstone is also regulated by the FCA in the United Kingdom, the CySEC in Cyprus and the DFSA in Dubai and is additionally regulated by the ASIC in Australia, the BaFin in Germany, the DFSA in Dubai and the SCB in the Bahamas.

Quick comparison

Both are MT4 and MT5 brokers, Pepperstone additionally offers cTrader and TradingView.

Automated trading

Both brokers explicitly support trading with robots and provide platforms which allow automated trading strategies, from the trader using ones already built to making their own. Pepperstone's provision of cTrader points to a difference, in that Pepperstone is a broker which aims to connect trader with liquidity, via Pepperstone, without intervening in the order process (while HYCM is a market maker broker). This means that Pepperstone should not restrict trading styles (this said its Razor account is more suitable for styles relying on speed), while HYCM might. Both brokers can offer fast order processing.

Minimum deposit and key account features

The minimum deposit for HYCM is $20. The minimum deposit for Pepperstone is $200 or £200.

  • HYCM offers a Trading Central plug in and has an Economic Calendar, Forex Calculators, News, Market Outlook, Forex Education, Webinars and Seminars on its website. HYCM says that latency is as low at 12ms. The minimum trade size is 0.01 lots.
  • HYCM offers Fixed, Classic and Raw account and Islamic accounts for each. The Raw account charges commissions, the others do not. The Classic and Raw accounts allow Expert Advisors. The minimum deposit for the Raw, Fixed and Classic accounts is $20.
  • Pepperstone offers a Standard and a Razor account for CFD trading and in the UK additionally offers a spread betting account. Pepperstone provides trading guides, a market review and an economic calendar its website. Pepperstone says that latency is as low as 30ms. The minimum trade size is 0.01 lots.
  • Pepperstone's Standard and Islamic accounts do not charge commissions and hence offer higher spreads as they include a mark up. The Razor account charges commissions and allows scalping.


  • HYCM offers Forex, Indices, Energy, Soft Commodities, Cryptocurrencies, Metals and Stocks, with 300+ available.
  • Pepperstone offers Forex, Indices, Energy, Soft Commodities, Cryptocurrencies, Metals and Stocks, with 1000+ available.

HYCM provides 60+ Forex pairs, Pepperstone provides 60+ Forex pairs.

FXCC vs Pepperstone Summary Table
BrokerTrading PlatformsDescription
MT4, MT5
Trading Platforms
HYCM provides trading on MT4 and MT5, allowing automated trading
MT4, MT5, cTrader, TradingView
Trading Platforms
Pepperstone offers automated trading on MT4, MT5, cTrader and TradingView and allows scalping and news trading


Maximum leverage for HYCM (CySEC regulated) is . Maximum leverage for Pepperstone (CySEC regulated) is .

Commission charge

  • HYCM charges a commission of $2 per lot per side on the Raw account.
  • Pepperstone charges a commission of $3.76 or AU$3.5 or €2.61 per lot per side on the Razor account, depending on the account currency. cTrader commissions are 7 units per lot round trip of the first quoted currency in the traded currency.

Online Trading Platforms

HYCM provides MT4 and MT5. Pepperstone provides MT4, MT5, cTrader and TradingView.

Why HYCM or Pepperstone ?

Traders who trade at their own discretion and/or use robots to trade for them can use either broker: each supports both ways to trade. Pepperstone has no dealing desk intervention, but both brokers offer fast order processing. Pepperstone has more trading platforms available, as it offers cTrader and TradingView, while each provides MT4 and MT5 (HYCM has more markets on MT5). Traders in the UK who want to spread bet may do so at Pepperstone on MT4, MT5 and cTrader.

Comparison summary

  • Both offer CFD trading
  • In the UK, Pepperstone additionally provides spread betting
  • Pepperstone is a no dealing desk intervention broker
  • Each supports trading with robots
  • Overall, HYCM has a wider range of markets and can provide more
  • Each offers accounts which charge commissions: Raw for HYCM and Razor for Pepperstone
  • Both also provide accounts which do not charge commissions
  • Each offers MT4 and MT5
  • Pepperstone additionally provides cTrader and TradingView