Written by ForexBrokers.com
In this head to head comparison of HYCM (Henyep Capital Markets) vs Eightcap, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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Comparing HYCM (Henyep Capital Markets) and Eightcap: HYCM was founded in 1977, while Eightcap launched in 2009. Neither broker is publicly traded, and neither operates as a bank.
On regulation, both are rated “trusted” by ForexBrokers.com. HYCM scores 85/99 with 2 Tier-1 licenses (highly trusted) and 1 Tier-2 license (trusted). Eightcap scores 87/99 with 3 Tier-1 licenses and 1 Tier-2 license. In short, Eightcap holds one more top-tier license and a slightly higher Trust Score, while HYCM offers a longer operating history.
| Feature |
HYCM (Henyep Capital Markets)
|
Eightcap
|
|---|---|---|
| Year Founded | 1977 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 3 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
HYCM (Henyep Capital Markets) and Eightcap both earn strong marks for commissions and fees, with each broker rated 4.5 out of 5 stars. In ForexBrokers.com’s Commissions and Fees category, HYCM ranks #18 out of 36 brokers, while Eightcap ranks #20 out of 36, giving HYCM a slight edge overall.
HYCM’s pricing depends on the account you choose. Its Raw account offers a competitive all-in cost of about 0.6 pips on EUR/USD after commission, while the Classic account starts from a wider 1.2-pip variable spread. HYCM also has a fixed-spread account with a 1.5-pip spread, which may appeal to traders who want more predictable pricing.
Eightcap also gives traders a choice between a commission-based Raw account and a spread-only Standard account. Its Raw account shows an average spread of 0.06 pips, but once the $3.50 per-side commission is added, the all-in cost is about 0.76 pips. That makes Eightcap slightly more expensive than HYCM’s cheapest option, though it still remains close to the industry average.
| Feature |
HYCM (Henyep Capital Markets)
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $20 | $100 |
| Average spread (EUR/USD) - Spread-only account | 1.3 | 1.0 |
| All-in Cost EUR/USD - Raw spread account | 0.6 | 0.76 |
| Non-wire bank transfer (Deposit/Withdraw) | No | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
HYCM (Henyep Capital Markets) offers a wider range of investments than Eightcap overall. Both brokers support forex trading as CFDs or spot contracts, and both let clients trade cryptocurrency CFDs. However, HYCM lists 1,199 tradeable symbols and 70 forex pairs, compared with Eightcap’s 803 symbols and 55 forex pairs, giving HYCM more choice across its market lineup.
HYCM also stands out because it offers exchange traded securities on both U.S. and international exchanges, so clients can buy real shares such as Apple or Vodafone. Eightcap does not offer these direct share purchases. Neither broker supports copy trading or buying actual, delivered cryptocurrency. Based on the Range of Investments category, HYCM is rated 4 stars and ranks #28 out of 36 brokers, while Eightcap is rated 3.5 stars and ranks #31.
| Feature |
HYCM (Henyep Capital Markets)
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 803 |
| Forex Pairs (Total) | 70 | 55 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | No | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
HYCM (Henyep Capital Markets) and Eightcap both give traders plenty of ways to access the markets, including free demo accounts, Windows desktop apps, web-based platforms, MetaTrader 4, and MetaTrader 5. Each broker also lets users trade directly from charts, which can make it easier to place orders while watching price moves in real time. In terms of everyday platform access, the two brokers are closely matched.
The main difference is that HYCM offers its own in-house trading platform, while Eightcap does not. Neither broker offers copy trading, so traders looking for that feature will need to look elsewhere. Both brokers are rated 4 out of 5 stars for Trading Platforms and Tools, but Eightcap ranks slightly higher in ForexBrokers.com's category list at #34 out of 36, compared with HYCM at #35 out of 36.
| Feature |
HYCM (Henyep Capital Markets)
|
Eightcap
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | No |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 30 | 100 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
HYCM (Henyep Capital Markets) and Eightcap both make it easy to trade from a phone, since each offers iPhone and Android apps, plus stock and forex price alerts. Both apps also let you draw trendlines and automatically save those drawings, and each broker is rated 4 out of 5 stars for mobile trading apps. In ForexBrokers.com’s mobile category ranking, HYCM places slightly ahead at #33 out of 36 brokers, while Eightcap comes in at #34.
The bigger difference is in charting and syncing. HYCM’s mobile app includes 30 technical studies, while Eightcap offers 100, giving Eightcap more tools for chart analysis. Eightcap also supports watchlist syncing between the mobile app and online account, so changes update in both places automatically. HYCM does not offer this feature, which may matter more to traders who want a smoother experience across devices.
| Feature |
HYCM (Henyep Capital Markets)
|
Eightcap
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 100 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
HYCM (Henyep Capital Markets) and Eightcap both cover the basics well when it comes to market research. Each broker offers daily market commentary and an economic calendar, so traders can keep up with key events and short-term market updates. Both also earn the same research score from ForexBrokers.com, at 3.5 out of 5 stars. In the wider ranking, HYCM comes in at #32 out of 36 brokers for research, while Eightcap is ranked #35, giving HYCM a slight edge overall.
Where they differ is in the extras. HYCM stands out for offering forex news from major sources like Bloomberg, Reuters, and Dow Jones, plus Trading Central tools such as Technical Analytics. Eightcap does not offer those specific features, but it does provide sentiment data showing long and short positions across markets, along with Acuity Trading tools like Signal Centre. Neither broker offers Autochartist or TipRanks research tools, so the choice may come down to whether you prefer HYCM’s news and chart analysis support or Eightcap’s sentiment-based insights.
| Feature |
HYCM (Henyep Capital Markets)
|
Eightcap
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central | Yes | No |
| Client sentiment data | No | Yes |
| TipRanks | No | No |
| Acuity Trading | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to beginner education, HYCM (Henyep Capital Markets) and Eightcap are fairly close. Both brokers offer at least 10 beginner-focused videos on trading topics, which can help new traders learn the basics. However, neither broker provides monthly live client webinars, and neither has at least 10 advanced videos aimed at more experienced traders. Based on ForexBrokers.com, both are rated 3.5 out of 5 stars for Education.
There is one clear difference: HYCM ranks higher for Education overall, coming in at #28 out of 36 brokers, while Eightcap is ranked #33. For traders who want a simple starting point, both brokers offer some useful beginner material, but HYCM has a slight edge in the overall education ranking.
| Feature |
HYCM (Henyep Capital Markets)
|
Eightcap
|
|---|---|---|
| Webinars | No | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that HYCM (Henyep Capital Markets) is better than Eightcap. HYCM (Henyep Capital Markets) finished with an overall rank of #26, while Eightcap finished with an overall rank of #30.
HYCM is a trusted brand that offers a straightforward MetaTrader platform experience. Its Raw account delivers competitive pricing, and traders gain access to third-party modules from Trading Central as well as exchange-traded securities (available through a separate platform).
| Feature |
HYCM (Henyep Capital Markets)
|
Eightcap
|
|---|---|---|
| Overall Rating |
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| Trust Score | 85 | 87 |
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HYCM (Henyep Capital Markets) vs Eightcap: neither broker allows you to buy actual (delivered) cryptocurrency, but both offer cryptocurrency CFDs for trading instead.
HYCM (Henyep Capital Markets) and Eightcap both offer Skrill and bank wire transfers and do not support ACH or SEPA, but Eightcap additionally supports PayPal while HYCM does not (Visa/Mastercard availability not specified for either).
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | HYCM (Henyep Capital Markets) | Eightcap | |
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| Trust Score | 85 | 87 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | Eightcap Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | Eightcap | |
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| Broker Gallery (click to expand) |
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| Regulation | HYCM (Henyep Capital Markets) | Eightcap | |
|---|---|---|---|
| Trust Score | 85 | 87 | |
| Year Founded | 1977 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 3 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | HYCM (Henyep Capital Markets) | Eightcap | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | HYCM (Henyep Capital Markets) | Eightcap | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | HYCM (Henyep Capital Markets) | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1199 | 803 | |
| Forex Pairs (Total) | 70 | 55 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | No | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | HYCM (Henyep Capital Markets) | Eightcap | |
|---|---|---|---|
| Average spread (EUR/USD) - Spread-only account | 1.3 | 1.0 | |
| All-in Cost EUR/USD - Raw spread account | 0.6 | 0.76 | |
| Inactivity Fee | No | Yes | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | HYCM (Henyep Capital Markets) | Eightcap | |
|---|---|---|---|
| Minimum Deposit | $20 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | No | No |
| Trading Platforms | HYCM (Henyep Capital Markets) | Eightcap | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | No | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | HYCM (Henyep Capital Markets) | Eightcap | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 100 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | HYCM (Henyep Capital Markets) | Eightcap | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlists - Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 100 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | HYCM (Henyep Capital Markets) | Eightcap | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central | Yes | No | |
| TipRanks | No | No | |
| Client sentiment data | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | Eightcap | |
|---|---|---|---|
| Webinars | No | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | Eightcap | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| Review | HYCM (Henyep Capital Markets) Review | Eightcap Review |
| Overall | HYCM (Henyep Capital Markets) | Eightcap | |
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| Trust Score | 85 | 87 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | Eightcap Review |
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