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.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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) - Standard account | 1.3 | 1.0 |
| All-in Cost EUR/USD - Active | 0.6 | 0.76 |
| Non-wire bank transfer | 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.
When it comes to range of investments, HYCM (Henyep Capital Markets) offers a wider selection than Eightcap. HYCM lists 1,199 tradeable symbols and 70 forex pairs, compared with Eightcap’s 803 symbols and 55 forex pairs. Both brokers let you trade forex as a CFD or spot contract, and both also offer cryptocurrency CFDs, but neither provides copy trading or the option to buy actual cryptocurrency.
HYCM has an edge for investors who want access to real shares as well as CFDs, since it offers exchange traded securities on both U.S. and international exchanges. Eightcap does not offer exchange traded securities. Reflecting this broader market access, HYCM is rated 4 stars for Range of Investments and ranks #28 out of 36 brokers on ForexBrokers.com, while Eightcap is rated 3.5 stars and ranks #30.
| 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 a solid set of platform choices, including free demo accounts, desktop downloads for Windows, web-based trading, MetaTrader 4 (MT4), and MetaTrader 5 (MT5). Each broker also lets users trade straight from a price chart, which can make it easier to place orders while watching market moves. Neither broker offers copy trading, so traders looking for a built-in social trading feature will need to look elsewhere.
The biggest difference is that HYCM offers its own in-house platform, while Eightcap does not. That may matter for traders who want a broker-built experience in addition to third-party tools like MetaTrader. In ForexBrokers.com’s Trading Platforms and Tools category, both brokers are rated 4 out of 5 stars, with HYCM ranked #33 out of 36 and Eightcap ranked slightly higher at #32 out of 36. Overall, the two brokers are closely matched, with Eightcap holding a small edge in the ranking and HYCM standing out for offering a proprietary platform.
| 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 give traders mobile apps for iPhone and Android, along with stock and forex price alerts, trendline drawing, and automatic saving for chart drawings. Each broker is also rated 4 out of 5 stars for mobile trading apps, so they both offer a solid basic experience for trading on the go.
The main difference is in app features and charting tools. Eightcap lets users sync watchlists between the mobile app and their online account, while HYCM does not. Eightcap also offers 100 technical studies in its mobile charts, compared with 30 at HYCM. In ForexBrokers.com’s mobile trading apps ranking, HYCM places slightly ahead at #31 out of 36 brokers, while Eightcap ranks #32.
| 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 and Eightcap both give traders daily market commentary and an economic calendar, and each is rated 3.5 out of 5 stars for research. However, HYCM stands out for market news and analysis because it offers forex news from major sources like Bloomberg, Reuters, and Dow Jones, plus Trading Central tools such as Technical Analytics. HYCM is also ranked higher by ForexBrokers.com for research, coming in at #30 out of 36 brokers.
Eightcap takes a different path with research features. While it also provides daily market commentary and an economic calendar, it does not include top-tier news feeds or Trading Central tools. Instead, Eightcap offers a sentiment tool that shows long and short positioning, along with Acuity Trading research such as Signal Centre. Even so, it is ranked #34 out of 36 for research, placing it behind HYCM in this category.
| 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.
HYCM (Henyep Capital Markets) and Eightcap are fairly close when it comes to education for beginners, with each earning 3.5 out of 5 stars for Education. Both brokers offer at least 10 beginner-focused trading videos, which gives new traders a helpful starting point for learning basic market ideas and platform skills. However, neither broker offers monthly educational webinars, and neither provides at least 10 advanced videos for more experienced traders.
When comparing the two, HYCM has a slight edge in ForexBrokers.com’s Education ranking, coming in at #27 out of 36 brokers, while Eightcap ranks #31. Neither broker appears to meet the standard for full forex or CFDs education content with at least 10 pieces centered on those topics, so beginners may find some useful entry-level material but not a large library of lessons. Overall, HYCM and Eightcap are similar for education, with HYCM coming out just ahead.
| 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 |
|
|
| Trust Score | 85 | 87 |
| Range of Investments |
|
|
| Trading Fees |
|
|
| Trading Platforms |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | HYCM (Henyep Capital Markets) | Eightcap | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 85 | 87 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | Eightcap Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | Eightcap | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
|
| 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) - Standard account | 1.3 | 1.0 | |
| All-in Cost EUR/USD - Active | 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 | 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 Watchlist [DELETED] | |||
| 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 | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | HYCM (Henyep Capital Markets) Review | Eightcap Review |
| Overall | HYCM (Henyep Capital Markets) | Eightcap | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 85 | 87 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | Eightcap Review |
IG
FOREX.com
CMC Markets
XTB
eToro
Capital.com
AvaTrade
Pepperstone
FP Markets
Tickmill