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
Prorex Limited
⭐ 2.9 / 5
HYCM vs Prorex Limited — which broker is better in 2026?
We compared HYCM and Prorex Limited across five core criteria: regulation, minimum deposit, spreads, platform choice, and overall user rating. HYCM wins on more criteria (4 categories vs 1), making it the stronger default for most traders. Both brokers remain reputable, independently tier-1 regulated options.
| HYCM | Prorex Limited | Winner | |
|---|---|---|---|
| Rating | ⭐ 4.3 / 5 | ⭐ 2.9 / 5 | HYCM |
| Regulators | FCA, CySEC, DFSA, CIMA Cayman | FSC Mauritius | HYCM |
| Min. deposit | $100 | $50 | Prorex Limited |
| Spreads from | 0.2 pips (Raw) / 1.2 pips (Classic) | 0.4 pips | HYCM |
| Max. leverage | Up to 1:30 (EU retail) / 1:500 (offshore) | 1:500 | — |
| Platforms | MT4, MT5, HYCM Trader | MT5 | HYCM |
| Founded | 1977 | 2023 | — |
| HQ | London, UK / Limassol, Cyprus | Port Louis, Mauritius | — |
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
Prorex Limited pros
- ✓ Low $50 minimum deposit
- ✓ MetaTrader 5 with EA and multi-asset support
- ✓ Broad multi-asset CFD range (FX, indices, commodities)
- ✓ Leverage up to 1:500
Cons
- ✗ Offshore-only regulation (FSC Mauritius)
- ✗ Very new (since 2023) with minimal track record
- ✗ Wider entry spreads (from 0.4 pips) than tighter ECN peers
Which one should you choose?
Choose Prorex Limited if you want…
Risk-tolerant offshore traders evaluating a newer FSC-regulated multi-asset MT5 broker.
Frequently asked questions
Which is better — HYCM or Prorex Limited?
Based on five comparison criteria (regulation, deposit, spreads, platforms, overall rating), HYCM wins 4 categories. That makes it the stronger default choice — though both brokers remain reputable, independently tier-1 regulated options.
Is HYCM more regulated than Prorex Limited?
HYCM holds licenses from: FCA, CySEC, DFSA, CIMA Cayman. Prorex Limited holds licenses from: FSC Mauritius. HYCM has more regulatory licenses, giving it broader geographic coverage.
What are the spreads at HYCM vs Prorex Limited?
HYCM spreads start from 0.2 pips (Raw) / 1.2 pips (Classic). Prorex Limited spreads start from 0.4 pips. Actual spreads vary by account type and market conditions.
Which has a lower minimum deposit, HYCM or Prorex Limited?
HYCM: $100. Prorex Limited: $50. Prorex Limited has the lower entry barrier.
