| Feature | Vantage Markets | FxPro | HYCM |
|---|---|---|---|
| Year Established | 2009 | 1999 | 1977 |
| Regulation | FCA (UK), ASIC (Australia), CIMA (Cayman Islands), FSCA (South Africa), FSA (Seychelles), FSC (Mauritius) | FCA (UK), FSCA (South Africa), SCB (Bahamas), CySEC (Cyprus), FSA (Seychelles) | FCA (UK), CySEC (Cyprus), DFSA (Dubai), CIMA (Cayman Islands) |
| Number of Assets | 1,000+ | 2,100+ | 300+ |
| Account Types | Standard STP, RAW ECN, Pro ECN | Standard, Raw+, Elite, cTrader | Fixed, Classic, Raw |
| Spreads | From 0.0 pips (RAW ECN) | From 0.0 pips (Raw+, cTrader) | From 0.2 pips (Raw) |
| Commission | $3 per lot per side (RAW ECN) | $3.5 per lot per side (Raw+) | $4 per lot per side (Raw) |
| Leverage | Up to 500:1 | Up to 1:10,000 (Dynamic) | Up to 500:1 |
| Trading Platforms | MT4, MT5, TradingView, ProTrader | MT4, MT5, cTrader, WebTrader | MT4, MT5 |
| Execution Speed | 30-50ms | Under 12ms | 50-100ms |
| Customer Support | 24/5 live chat, email, phone | 24/5 live chat, phone, email | 24/5 live chat, email, phone |
| Educational Resources | Webinars, tutorials, copy trading guides | Webinars, courses, market insights | Webinars, trading courses, market analysis |
| Copy Trading | Yes (through proprietary platform) | No | No |
| Deposit & Withdrawals | Free for most methods, bank fees may apply | Free for most methods, bank fees may apply | Free for most methods, withdrawal fees may apply |
| Regulatory Restrictions | Restricted in U.S., Canada, China, etc. | Restricted in U.S., Canada, etc. | Restricted in U.S., Canada, etc. |
| Official Website | Visit Vantage | Visit FxPro | Visit HYCM |
Vantage Markets is a multi-regulated Forex and CFD broker founded in 2009, providing traders access to a variety of financial instruments, including forex, indices, commodities, metals, and ETFs. The broker offers multiple account types, including Standard STP and RAW ECN, catering to both beginners and experienced traders. With spreads starting from 0.0 pips on RAW ECN accounts and leverage up to 500:1, Vantage Markets appeals to high-frequency and cost-conscious traders. A key advantage is its Copy Trading feature, which allows users to follow and replicate the trades of experienced traders. The broker’s platform offerings include MT4, MT5, TradingView, and ProTrader, providing advanced analytical tools and automation options. While Vantage offers competitive fees, regulatory restrictions apply in some regions, such as the U.S. and Canada.
FxPro, established in 1999, is a globally recognized broker with a presence in over 173 countries. It provides access to over 2,100 trading instruments across forex, stocks, indices, commodities, cryptocurrencies, and ETFs. FxPro is well-regulated, holding licenses from the FCA (UK), FSCA (South Africa), and other top-tier regulators. The broker’s trading platforms include MT4, MT5, cTrader, and its proprietary WebTrader, offering advanced execution speeds of under 12ms. FxPro stands out with its Raw+ and Elite accounts, which feature ultra-low spreads and competitive commissions. Unlike Vantage Markets, FxPro does not offer Copy Trading, but it compensates with extensive educational resources and robust risk management tools, including negative balance protection. Its leverage model is dynamic, allowing for flexibility depending on trading volume and risk tolerance.
HYCM is one of the oldest forex brokers in the industry, established in 1977. It is regulated by multiple top-tier authorities, including the FCA (UK), CySEC (Cyprus), DFSA (Dubai), and CIMA (Cayman Islands). The broker offers a smaller asset selection compared to its competitors, with just over 300 instruments available for trading. HYCM provides three main account types: Fixed, Classic, and Raw, each tailored to different trading styles. The Raw account offers competitive spreads starting from 0.2 pips with a $4 commission per lot per side. HYCM is known for its stable trading conditions and strong regulatory background. However, it lacks Copy Trading features and has relatively higher commission fees compared to Vantage and FxPro. Its educational resources are solid, featuring webinars, market analysis, and trading courses.
Regulation & Security: HYCM has the longest industry presence and strong regulatory oversight, but FxPro holds licenses from a broader set of regulators. Vantage Markets also offers solid regulatory security but includes offshore jurisdictions.
Trading Conditions: While all three brokers offer competitive spreads, FxPro provides the most diverse range of assets, while Vantage has a lower commission fee structure.
Platforms & Execution: FxPro leads with its ultra-fast execution speeds and multiple trading platforms. Vantage Markets stands out for offering TradingView integration, while HYCM relies solely on MT4 and MT5.
Copy Trading & Education: Vantage Markets is the only broker offering Copy Trading, whereas HYCM and FxPro focus on education.
Leverage & Risk Management: FxPro’s dynamic leverage of up to 1:10,000 provides flexibility, but HYCM and Vantage Markets maintain a more conventional leverage structure.
| Category | Vantage Markets | FxPro | HYCM |
| Regulation | ⭐⭐⭐⭐☆ (4/5) | ⭐⭐⭐⭐⭐ (5/5) | ⭐⭐⭐⭐☆ (4.5/5) |
| Trading Conditions | ⭐⭐⭐⭐⭐ (5/5) | ⭐⭐⭐⭐☆ (4.5/5) | ⭐⭐⭐⭐☆ (4.5/5) |
| Execution Speed | ⭐⭐⭐⭐☆ (4.5/5) | ⭐⭐⭐⭐⭐ (5/5) | ⭐⭐⭐⭐☆ (4/5) |
| Platforms & Tools | ⭐⭐⭐⭐⭐ (5/5) | ⭐⭐⭐⭐☆ (4.5/5) | ⭐⭐⭐⭐☆ (4/5) |
| Copy Trading | ⭐⭐⭐⭐⭐ (5/5) | ⭐☆☆☆☆ (1/5) | ⭐☆☆☆☆ (1/5) |
| Education | ⭐⭐⭐⭐☆ (4.5/5) | ⭐⭐⭐⭐⭐ (5/5) | ⭐⭐⭐⭐⭐ (5/5) |
Final Verdict:
Vantage Markets (4.7/5): Best for traders looking for a well-regulated broker with copy trading, tight spreads, and diverse platform integrations.
FxPro (4.8/5): Best for traders prioritizing ultra-fast execution, extensive market access, and strong regulatory compliance.
HYCM (4.5/5): Best for traders who value a long-established broker with strong regulation and stable trading conditions.
Regarding this Forex Broker Rating, each broker caters to different needs, making them viable options depending on trader preferences.