FBS vs HYCM Comparison: Which Is Better for Traders?
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Who is better - FBS or HYCM?
Our pick: FBS
Based on multiple factors - spreads and fees, available assets and instruments, execution quality, platform usability, support level, and educational resources - FBS looks preferable to HYCM.
FBS scored 4.3/5 and ranks 22 in our all Forex brokers list, whereas HYCM has 4.2/5 and ranks 33.
This is not financial advice. See the full comparison below.
Who is FBS suitable for?
FBS is suitable for beginners thanks to educational materials, as well as for experienced traders who value MetaTrader and reliability.
Who is HYCM suitable for?
Broker HYCM is suitable for most traders, but some features may not meet the expectations of specific traders.
Comparison Table of FBS and HYCM
| Broker | FBS | HYCM |
|---|---|---|
| Rating | 4.3/5 | 4.2/5 |
| Foundation Year | 2007 | 1976 |
| Regulated in Countries | Belize, Cyprus, Australia, South Africa | United Kingdom, Cyprus, Cayman Islands, United Arab Emirates |
| Minimum Deposit |
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| Spread | from 0.7 points | from 0.1 points |
| Max Leverage | 1:3000 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | FBS Review | HYCM Review |
FBS Review
FBS is a reliable choice for traders who value a secure and regulated trading environment, complemented by a robust selection of educational resources and trading tools. It is particularly well-suited for those new to trading or looking to expand their knowledge and experienced traders focusing on a diverse range of assets. Despite its limitations in account types and currency options, FBS's strengths in providing competitive trading conditions and comprehensive support make it a commendable broker for a broad spectrum of traders.
Pros and Cons of FBS
Pros
- Regulated by major international organizations.
- Low spreads and commissions.
- Wide range of trading assets.
- Extensive database of educational materials and analytical tools.
- Support for various trading platforms.
Cons
- Limited choice of trading accounts.
- Limited choice of account currency.
FBS is in the top 10 of the following ratings:
HYCM Review
HYCM is one of the Forex and CFD market leaders whose reputation is backed by strict regulation by major financial authorities such as the FCA, CySEC and DFSA. This ensures high protection of the client's funds and compliance with regulatory standards. The broker offers a wide range of trading platforms, including MetaTrader 4 and MetaTrader 5, recognized as some of the most reliable and functional in the industry. The variety of trading instruments available allows you to create a diverse investment portfolio, while a rich selection of educational resources supports traders at all stages of their professional development.
HYCM will be most suitable for traders looking for reliability and diversity in the toolkit without worrying about high commissions and a lack of innovative platforms. This broker is ideal for experienced traders who can use the analytical and educational resources provided to improve their trading strategies.
Pros and Cons of HYCM
Pros
- Well-regulated broker.
- An extensive set of educational materials.
- Diversity of trading assets.
Cons
- Absence of proprietary trading platform.
- No social trading.
HYCM is in the top 10 of the following ratings:
Reliability
| Broker | FBS | HYCM |
|---|---|---|
| Reliability | 5/5 | 5/5 |
| Foundation Year | 2007 | 1976 |
| Regulated in Countries | Belize, Cyprus, Australia, South Africa | United Kingdom, Cyprus, Cayman Islands, United Arab Emirates |
| Regulators |
FBS
FBS is a reliable and regulated broker, overseen by several international bodies, ensuring client security and transparency.
HYCM
Broker HYCM provides high reliability and security, being under the control of various strict regulators around the world.
Account Opening
| Broker | FBS | HYCM |
|---|---|---|
| Account Opening | 4.5/5 | 4.5/5 |
| Minimum Deposit |
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|
FBS
The account opening process at FBS is fast, clear, and relatively simple, although the verification procedure may take some time.
HYCM
The account opening process at HYCM is simple and convenient, ensuring a smooth start for traders. However, verification and financial profile completion may take time.
Pros
- Quick registration, taking less than 5 minutes.
- Straightforward and understandable registration process.
Cons
- Necessity to fill out a detailed financial profile.
- Minimum deposit of $100 may be high for beginners.
Account Types
| Broker | FBS | HYCM |
|---|---|---|
| Account Types | 3/5 | 3.5/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0.7 points | from 0.1 points |
| Max Leverage | 1:3000 | 1:500 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
FBS
FBS offers only one trading account but with additional services.
Pros
- Availability of demo accounts for practice.
- The possibility of automated trading.
Cons
- Lack of investment accounts (PAMM, copy trading).
- Insufficient variety of trading accounts.
HYCM
HYCM offers a variety of trading accounts suitable for different levels of experience, but some account types are missing.
Commissions
| Broker | FBS | HYCM |
|---|---|---|
| Commissions | 3.5/5 | 3/5 |
| Spread | from 0.7 points | from 0.1 points |
| Average Spread (EURUSD) | 0.9 | 1.5 |
| Commission per Lot | $4 |
FBS
FBS's commissions are average for the market.
Pros
- Low spreads.
Cons
- Possible withdrawal fees in the absence of trading activity.
HYCM
HYCM charges average trading fees and an account inactivity fee.
Deposit and Withdrawal
| Broker | FBS | HYCM |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Account Funding Methods |
|
|
FBS
FBS offers many deposit and withdrawal methods with high flexibility and accessibility.
HYCM
HYCM offers a flexible and cost-effective approach to account funding and withdrawal of funds.
Markets and Products
| Broker | FBS | HYCM |
|---|---|---|
| Markets and Products | 4/5 | 5/5 |
| Forex | 43 | 72 |
| Precious Metals | 8 | 5 |
| Energy Carriers | 3 | 3 |
| Indices | 11 | 27 |
| Stocks | 480 | 1080 |
| Cryptocurrency | 5 | 28 |
| Soft Commodities | - | 4 |
FBS
FBS provides a broad spectrum of trading assets, albeit with a limited selection of stocks and cryptocurrencies.
HYCM
HYCM offers a wide range of trading instruments, satisfying the diverse needs of traders.
Trading Platforms
| Broker | FBS | HYCM |
|---|---|---|
| Rating | 4.5/5 | 4/5 |
| Trading Platforms |
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FBS
FBS has a wide choice of trading platforms, meeting the needs of different traders.
HYCM
HYCM offers reliable and functional trading platforms MT4 and MT5, available on various devices and supporting automated trading.
Pros
- Availability of popular and functional platforms MT4 and MT5.
- Extensive capabilities for technical analysis and automated trading.
- Support for many devices, including desktop computers and mobile devices.
Cons
- Lack of a proprietary unique platform.
Analytics
| Broker | FBS | HYCM |
|---|---|---|
| Rating | 5/5 | 4/5 |
FBS
FBS offers extensive and high-quality analytical tools that contribute to effective trading.
HYCM
HYCM offers good analytical tools, but the regularity and variety of materials could be improved.
Education
| Broker | FBS | HYCM |
|---|---|---|
| Rating | 5/5 | 4.5/5 |
FBS
FBS provides comprehensive educational materials suitable for traders at all levels.
HYCM
HYCM's educational materials cover a wide range of topics and are available in various formats, making them useful for traders of different levels.
Customer Support
| Broker | FBS | HYCM |
|---|---|---|
| Rating | 5/5 | 4/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Messenger
Viber
Line
Telegram
Whatsapp
Facebook
Instagram
YouTube
Twitter
LinkedInFBS
The technical support of FBS operates 24/7, is multilingual, and offers prompt problem resolution.
HYCM
HYCM provides efficient and professional technical support, with some nuances.
Pros
- A sufficiently broad range of communication channels.
- Quick and professional response.
- Positive client reviews.
Cons
- Lack of 24/7 support.
- Can only call an international phone number.
- Absence of messenger services among communication channels.
Comparisons of FBS and HYCM with other brokers
Conclusion
FBS stands out as the better overall pick, while HYCM trails on aggregate criteria.
FBS scored 4.3/5 and ranks 22 in our rating; HYCM has 4.2/5 and ranks 33.
We explain the reasons above in detail — fees, platforms, reliability, support, and more.
FAQ
Which broker is better: FBS or HYCM?
FBS comes out ahead by overall rank (score 4.3/5, position 22) versus HYCM (score 4.2/5, position 33).
Which broker is better for beginners: FBS or HYCM?
FBS is often a smoother start thanks to simpler onboarding and stronger baseline metrics. Still, your tools and budget should drive the final choice.
Who has lower typical trading costs (spreads/commissions) — FBS or HYCM?
It depends on the instrument and account type. Compare the live conditions in the “Commissions” section on this page — we break down the nuances category by category.
What trading platforms are available with FBS and HYCM?
FBS: MetaTrader 4, MetaTrader 5, FBS Trader. HYCM: MetaTrader 4, MetaTrader 5. See the “Platforms” section for details and selection tips.
What markets can you trade with FBS and HYCM?
FBS: Forex, Precious Metals, Energy Carriers, Indices, Stocks, Cryptocurrency. HYCM: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, Cryptocurrency. Full lists and differences are in the “Markets” section.
What account types are offered by FBS and HYCM?
FBS: Standard. HYCM: Classic, Fixed, Raw. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by FBS and HYCM?
FBS: Neteller, Skrill, Perfect Money, SticPay, Visa, Mastercard, Maestro. HYCM: Neteller, Skrill, Perfect Money, Swift, Visa, Mastercard. Check method-specific fees/settlement times.
Which broker is safer — FBS or HYCM — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
