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
Scope Markets
⭐ 3.3 / 5
HYCM vs Scope Markets — which broker is better in 2026?
We compared HYCM and Scope Markets across five core criteria: regulation, minimum deposit, spreads, platform choice, and overall user rating. HYCM wins on more criteria (3 categories vs 1), making it the stronger default for most traders. Both brokers remain reputable, independently tier-1 regulated options.
| HYCM | Scope Markets | Winner | |
|---|---|---|---|
| Rating | ⭐ 4.3 / 5 | ⭐ 3.3 / 5 | HYCM |
| Regulators | FCA, CySEC, DFSA, CIMA Cayman | CySEC, IFSC Belize, FSC Mauritius | HYCM |
| Min. deposit | $100 | $100 | Tie |
| Spreads from | 0.2 pips (Raw) / 1.2 pips (Classic) | 0.0 pips (ECN) | Scope Markets |
| Max. leverage | Up to 1:30 (EU retail) / 1:500 (offshore) | 1:500 (offshore) | — |
| Platforms | MT4, MT5, HYCM Trader | MT4, MT5 | HYCM |
| Founded | 1977 | 2016 | — |
| 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
Scope Markets pros
- ✓ CySEC licence plus multi-jurisdiction offshore coverage
- ✓ ECN pricing from 0.0 pips on raw accounts
- ✓ Broad multi-asset CFD catalogue
- ✓ Leverage up to 1:500 through offshore entities
- ✓ Established MT4 and MT5 setup
Cons
- ✗ High leverage runs through offshore entities with less recourse
- ✗ Mid-tier brand recognition
- ✗ EU clients capped at 1:30 leverage
Which one should you choose?
Choose Scope Markets if you want…
Emerging-market traders wanting a CySEC-backed, multi-licensed ECN broker with a broad CFD range.
Frequently asked questions
Which is better — HYCM or Scope Markets?
Based on five comparison criteria (regulation, deposit, spreads, platforms, overall rating), HYCM wins 3 categories. That makes it the stronger default choice — though both brokers remain reputable, independently tier-1 regulated options.
Is HYCM more regulated than Scope Markets?
HYCM holds licenses from: FCA, CySEC, DFSA, CIMA Cayman. Scope Markets holds licenses from: CySEC, IFSC Belize, FSC Mauritius. HYCM has more regulatory licenses, giving it broader geographic coverage.
What are the spreads at HYCM vs Scope Markets?
HYCM spreads start from 0.2 pips (Raw) / 1.2 pips (Classic). Scope Markets spreads start from 0.0 pips (ECN). Actual spreads vary by account type and market conditions.
Which has a lower minimum deposit, HYCM or Scope Markets?
HYCM: $100. Scope Markets: $100. Both require the same minimum.
