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
Plus500
⭐ 4.3 / 5
HYCM vs Plus500 — which broker is better in 2026?
We compared HYCM and Plus500 across five core criteria: regulation, minimum deposit, spreads, platform choice, and overall user rating. HYCM wins on more criteria (2 categories vs 1), making it the stronger default for most traders. Both brokers remain reputable, independently tier-1 regulated options.
| HYCM | Plus500 | Winner | |
|---|---|---|---|
| Rating | ⭐ 4.3 / 5 | ⭐ 4.3 / 5 | Tie |
| Regulators | FCA, CySEC, DFSA, CIMA Cayman | CySEC, FCA, ASIC, FMA NZ, MAS Singapore, ISA Israel | Plus500 |
| Min. deposit | $100 | $100 | Tie |
| Spreads from | 0.2 pips (Raw) / 1.2 pips (Classic) | 0.6 pips (variable) | HYCM |
| Max. leverage | Up to 1:30 (EU retail) / 1:500 (offshore) | Up to 1:30 (EU retail) / 1:300 (offshore) | — |
| Platforms | MT4, MT5, HYCM Trader | Plus500 WebTrader, Plus500 Mobile | HYCM |
| Founded | 1977 | 2008 | — |
| HQ | London, UK / Limassol, Cyprus | London / Haifa | — |
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
Plus500 pros
- ✓ Listed on London Stock Exchange (PLUS) — full audited financials
- ✓ Six-regulator footprint: CySEC, FCA, ASIC, FMA, MAS, ISA
- ✓ Clean, beginner-friendly proprietary platform
- ✓ Guaranteed Stop Loss available (paid, but valuable in volatile markets)
- ✓ 5,000+ instruments including stock CFDs, ETFs, options, crypto
Cons
- ✗ Proprietary platform only — no MT4, MT5, cTrader
- ✗ No copy-trading or social features
- ✗ Inactivity fee of $10/month after 3 months dormant
Which one should you choose?
Choose Plus500 if you want…
Beginners and discretionary traders who want a simple, regulated, equity-market-listed broker with broad CFD coverage.
Frequently asked questions
Which is better — HYCM or Plus500?
Based on five comparison criteria (regulation, deposit, spreads, platforms, overall rating), HYCM wins 2 categories. That makes it the stronger default choice — though both brokers remain reputable, independently tier-1 regulated options.
Is HYCM more regulated than Plus500?
HYCM holds licenses from: FCA, CySEC, DFSA, CIMA Cayman. Plus500 holds licenses from: CySEC, FCA, ASIC, FMA NZ, MAS Singapore, ISA Israel. Plus500 has more regulatory licenses, giving it broader geographic coverage.
What are the spreads at HYCM vs Plus500?
HYCM spreads start from 0.2 pips (Raw) / 1.2 pips (Classic). Plus500 spreads start from 0.6 pips (variable). Actual spreads vary by account type and market conditions.
Which has a lower minimum deposit, HYCM or Plus500?
HYCM: $100. Plus500: $100. Both require the same minimum.
