Choose HYCM if you want…
MENA + EU traders wanting an established multi-jurisdictional broker with Henyep Group balance-sheet backing.
HYCM
⭐ 4.3 / 5
VS
Libertex
⭐ 3.5 / 5
HYCM vs Libertex — which broker is better in 2026?
We compared HYCM and Libertex across five core criteria: regulation, minimum deposit, spreads, platform choice, and overall user rating. The two brokers are evenly matched — your final choice depends on your specific trading style.
| HYCM | Libertex | Winner | |
|---|---|---|---|
| Rating | ⭐ 4.3 / 5 | ⭐ 3.5 / 5 | HYCM |
| Regulators | FCA, CySEC, DFSA, CIMA Cayman | CySEC | HYCM |
| Min. deposit | $100 | $10 | Libertex |
| Spreads from | 0.2 pips (Raw) / 1.2 pips (Classic) | 0.0 pips (variable, commission-based) | Libertex |
| Max. leverage | Up to 1:30 (EU retail) / 1:500 (offshore) | 1:30 (EU retail) | — |
| Platforms | MT4, MT5, HYCM Trader | Libertex, MT4, MT5 | Tie |
| Founded | 1977 | 1997 | — |
| HQ | London, UK / Limassol, Cyprus | Limassol, Cyprus | — |
Pros & cons compared
HYCM pros
- ✓ Founded 1977 — among the oldest retail FX brokers globally
- ✓ FCA + CySEC + DFSA + CIMA tier-1 + tier-2 regulation
- ✓ Part of Henyep Group — diversified $1bn+ financial conglomerate
- ✓ Strong MENA + EU presence with Arabic support
- ✓ Raw account: 0.2 pips + $4/lot round-turn
Cons
- ✗ Smaller scale than Exness / XM / Pepperstone
- ✗ Classic account spreads (1.2+ pips) wider than ECN brokers
- ✗ Limited cTrader option — MT4/MT5 only
Libertex pros
- ✓ Award-winning proprietary Libertex platform
- ✓ Very low $10 minimum deposit
- ✓ CySEC-regulated with a 25+ year track record
- ✓ Commission-based pricing with tight underlying spreads
- ✓ Strong mobile app and built-in trading education
Cons
- ✗ Commission model differs from familiar spread-only pricing
- ✗ Retail leverage capped at 1:30 under EU/ESMA rules
- ✗ Smaller instrument range than ECN-focused rivals
Which one should you choose?
Choose Libertex if you want…
Beginners and casual traders wanting a polished, low-deposit CySEC platform backed by a long operating history.
Frequently asked questions
Which is better — HYCM or Libertex?
HYCM and Libertex are evenly matched on most measurable criteria. Your choice should depend on which specific features matter most — review the comparison table above and the "Pros & Cons" section.
Is HYCM more regulated than Libertex?
HYCM holds licenses from: FCA, CySEC, DFSA, CIMA Cayman. Libertex holds licenses from: CySEC. HYCM has more regulatory licenses, giving it broader geographic coverage.
What are the spreads at HYCM vs Libertex?
HYCM spreads start from 0.2 pips (Raw) / 1.2 pips (Classic). Libertex spreads start from 0.0 pips (variable, commission-based). Actual spreads vary by account type and market conditions.
Which has a lower minimum deposit, HYCM or Libertex?
HYCM: $100. Libertex: $10. Libertex has the lower entry barrier.
