Comparison of FBS and HYCM
| Feature | FBS | HYCM |
|---|---|---|
| Broker | ||
| Year Founded | 2008 | 1977 |
| Broker Type | STP | STP |
| Dealing | A-book | A-book |
| Execution | Market | Market |
| Regulation | BFSC, CySEC, ASIC, FSCA | FCA, CySEC, CIMA, SVGFSA, DFSA |
| Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), FBS Trader | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Spread | ⬊ Low | ⮕ Average |
| Maximum Leverage | 1:3000 | 1:500 |
| Minimum Deposit | $5 | $100 |
| Base Currencies | USD, EUR | USD, EUR, GBP, AED |
| Funding Methods | Bank Wire, Credit Card, Debit Card, Neteller, Skrill, Perfect Money, SticPay, Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ethereum (ETH), Tether (USDT) | Bank Wire, Credit Card, Debit Card, Neteller, Skrill, Perfect Money, BTC (Bitcoin) |
| Inactivity Fee | ✖ | ✔ |
| Interest on Margin | ✖ | ✖ |
| Withdrawal Fee | ✖ | ✖ |
| Investor Protection | Investor Compensation Fund (ICF) | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF) |
| Protection Size | €20 000 | £85 000 / €20 000 |
| Segregated Accounts | ✔ | ✔ |
| Negative Balance Protection | ✔ | ✔ |
| Guaranteed Stop Loss | ✖ | ✔ |
| Copy Trading | ✖ | ✖ |
| VPS | ✔ | ✖ |
| MAM/PAMM | ✖ | ✖ |
| Scalping Allowed | ✔ | ✔ |
| EAs/Robots | ✔ | ✔ |
| Depth of Market (DOM) | ✔ | ✖ |
| Tradable Assets (CFDs) | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies | Currencies, Indices, Stocks, Cryptocurrencies, Metals, Energies, Soft Commodities |
| Review | FBS Review | HYCM Review |
About FBS
FBS is a globally recognized forex and CFD broker, established in 2009, known for catering to both beginner and experienced traders. Regulated by reputable authorities such as CySEC (Cyprus) and the FSC (Belize), FBS provides a secure trading environment with a wide range of instruments, including forex, stocks, metals, and cryptocurrencies. The broker offers the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, enabling traders to benefit from advanced tools and automated trading options. One of FBS's standout features is its high leverage of up to 1:3000, which appeals to traders seeking higher exposure with smaller capital. The broker also offers regular bonuses, promotions, and a free demo account to practice trading strategies. However, FBS's services are not available in some key regions like the US, and its educational resources may not be as extensive compared to other brokers. Despite these drawbacks, FBS remains a popular choice for its user-friendly interface, low minimum deposit requirements, and competitive trading conditions.
Pros
- Regulated by CySEC and FSC for a secure trading environment
- Support for MT4 and MT5 platforms with advanced tools
- High leverage options of up to 1:3000
- Low minimum deposit requirements, ideal for beginners
- Regular promotions, bonuses, and a free demo account for practice
Cons
- Customer support availability may vary by region
- Services are not available in key regions like the US
About HYCM
HYCM (formerly Henyep Capital Markets) is a multi-asset forex and CFD broker with more than four decades in the industry and a trio of top-tier licences from the FCA (UK), CySEC (EU) and DFSA (UAE). Traders can choose between fixed- or variable-spread accounts on MetaTrader 4 and MetaTrader 5, accessing 1 ,300+ instruments that cover currencies, stocks, indices, commodities and cryptocurrencies. With minimum deposits from just 100 USD, leverage up to 1 : 500 (region-dependent) and a rich catalogue of webinars, e-books and market reports, HYCM appeals to both first-time traders and seasoned professionals looking for tight pricing under a strong regulatory umbrella.
Pros
- Strong regulation from FCA, CySEC and DFSA with segregated client funds
- Choice of Fixed, Classic or Raw accounts-spreads from 0.0 pips on Raw or zero-commission Fixed pricing
- Full support for MT4 and MT5 on desktop, web and mobile
- 1 ,300+ tradeable instruments spanning forex, stocks, indices, commodities and crypto
- Extensive educational suite: weekly webinars, video tutorials and downloadable e-books
- Fast funding and withdrawals via cards, e-wallets and local bank transfers
Cons
- No proprietary platform or integrated copy-trading/social-trading tools
- Raw account carries a commission of 4 USD per lot per side, which may deter micro-lot traders
- High-tier research tools (Trading Central, Autochartist) gated behind larger deposits or higher trading volume
- Cryptocurrency deposits not supported, limiting funding flexibility for some clients
FBS & HYCM Regulation
| Feature | FBS | HYCM |
|---|---|---|
Companies | FBS Markets Inc, Tradestone Limited, Intelligent Financial Markets Pty Ltd, TRADE STONE SA (PTY) LTD | HYCM Capital Markets (UK), HYCM (Europe) Ltd, HYCM Ltd, HYCM Capital Markets (DIFC) Limited |
Countries | Belize, Cyprus, Australia, South Africa | United Kingdom, Cyprus, Cayman Islands, United Arab Emirates |
Regulators | BFSC, CySEC, ASIC, FSCA | FCA, CySEC, CIMA, SVGFSA, DFSA |
Investor Protection | Investor Compensation Fund (ICF) | UK Financial Services Compensation Scheme (FSCS), Investor Compensation Fund (ICF) |
Investor Protection Size | €20 000 | £85 000 / €20 000 |
Publicly Traded | ||
Segregated Accounts | ||
Guaranteed Stop Loss | ||
Negative Balance Protection |
Account Types
| Account | FBS | HYCM |
|---|---|---|
STP Account | ||
| Account Name | Standard | Classic |
| Min Deposit | $5 | $100 |
| Lot Size | 0.01 | 0.01 |
| Spread Type | Floating | Floating |
| Execution | Market | Market |
| Min Spread | 0.7 | 1.2 |
| Fee | No | No |
| Max Leverage | 1:3000 | 1:500 |
| Stop Out | 20% | 50% |
| Margin Call | 40% | 100% |
Zero Account | ||
| Account Name | — | Raw |
| Min Deposit | — | $200 |
| Lot Size | — | 0.01 |
| Spread Type | — | Floating |
| Execution | — | Market |
| Min Spread | — | 0.1 |
| Fee | — | $8 per 1 lot |
| Max Leverage | — | 1:500 |
| Stop Out | — | 50% |
| Margin Call | — | 100% |
Fix Spread Account | ||
| Account Name | — | Fixed |
| Min Deposit | — | $100 |
| Lot Size | — | 0.01 |
| Spread Type | — | Fixed |
| Execution | — | Market |
| Min Spread | — | 1.5 |
| Fee | — | No |
| Max Leverage | — | 1:5000 |
| Stop Out | — | 50% |
| Margin Call | — | 100% |
| Additional Features | ||
| Demo Account | ||
| VIP Account | ||
| Swap-Free Account | ||
| Copy Trading | ||
| VPS | ||
| PAMM/MAM Accounts | ||
Funding and Fees
| Feature | FBS | HYCM |
|---|---|---|
Base currencies | USD, EUR | USD, EUR, GBP, AED |
Deposit and withdrawal methods | Bank Wire, Credit Card, Debit Card, Neteller, Skrill, Perfect Money, SticPay, Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), Ethereum (ETH), Tether (USDT) | Bank Wire, Credit Card, Debit Card, Neteller, Skrill, Perfect Money, BTC (Bitcoin) |
Inactivity fee | ||
Interest on margin | ||
Withdrawal fee |
Trading Platforms and Conditions
| Feature | FBS | HYCM |
|---|---|---|
Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), FBS Trader | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
Execution Speed | 30 ms | 12 ms |
Scalping | ||
Expert Advisors (EAs) | ||
Depth of Market (DOM) | ||
Spread | low | average |
Trading Assets
| Asset | FBS | HYCM |
|---|---|---|
Currencies | 43 | 72 |
Indices | 11 | 27 |
Stocks | 480 | 1080 |
Cryptocurrencies | 5 | 28 |
Bonds | 0 | 0 |
Metals | 8 | 5 |
Energies | 3 | 3 |
Soft Commodities | 0 | 4 |
ETFs | 0 | 0 |
Education and Analytics
| Feature | FBS | HYCM |
|---|---|---|
Economic Calendar | ||
Indicators | ||
Robots | ||
Signals | ||
Autochartist | ||
Expert Analytics | ||
News Feed | ||
Education Articles | ||
Webinars | ||
Seminars |
Customer Support
| Contact | FBS | HYCM |
|---|---|---|
Email | support@fbs.com | support@hycm.com |
Phone | +35722010970 | +442088167812 |
Telegram | Telegram | — |
Facebook | ||
LinkedIn | — | |
YouTube | YouTube | YouTube |
Instagram | ||
Twitter | — |
Which Broker is Better?
After comparing FBS and HYCM, FBS comes out ahead as our overall pick. It ranks higher in our internal scoring and delivers a stronger balance of pricing (spreads/fees), platform experience, and product range. That said, the runner-up may still be a better fit if you prioritize specific needs—like a particular account type, funding method, or niche instruments. This is not financial advice; always choose a broker that matches your goals and local regulatory requirements.
More Comparisons
HYCM Comparisons
Andriy Bondarenko
Broker Analyst
Andriy is a seasoned expert in broker reviews with over a decade of experience in finance and trading. Under his leadership, the team produces in-depth and unbiased analyses of leading trading platforms.