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.
When comparing online brokers HYCM and Eightcap, both are not publicly traded and are not banks, with HYCM founded in 1977 and Eightcap in 2009. HYCM, boasting an established market presence, holds two Tier-1 licenses and one Tier-2 license, earning it a Trust Score of 86 out of 99, classifying it as a trusted broker according to ForexBrokers.com. Meanwhile, Eightcap, with a slightly shorter history, holds three Tier-1 licenses and no Tier-2 licenses, garnering a Trust Score of 85, placing it in the same trusted category.
Both platforms operate under stringent regulatory frameworks, ensuring a secure trading environment. While HYCM has a longer track record with a slightly higher Trust Score, Eightcap compensates with more Tier-1 licenses, indicating a commendable level of regulatory compliance. Prospective users will find both brokers reliable, with minor distinctions in their regulatory standings marking the primary differences.
| 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 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing the commissions and fees of HYCM (Henyep Capital Markets) to Eightcap, HYCM offers a variety of account types with varying costs. The broker's Raw account is particularly competitive, offering an all-in cost of approximately 0.6 pips for the EUR/USD pair after commission, making it a budget-friendly option. Meanwhile, HYCM's Classic account has a variable spread starting from 1.2 pips, and its fixed-spread account offers a consistent 1.5 pips. HYCM is rated 4.5 out of 5 stars for its commissions and fees, earning it the 15th spot among 63 brokers in the Commissions and Fees category according to ForexBrokers.com.
On the other hand, Eightcap provides two main account types: the commission-based Raw account and the spread-only Standard account. While Eightcap's Raw account advertises an average spread of 0.06 pips, this account incurs additional per-side commissions of $3.50 per trade, which results in an all-in cost of about 0.76 pips. This pricing model places Eightcap slightly above the industry average when considering overall trading costs. Eightcap is rated 4 out of 5 stars for its commissions and fees and ranks 26th out of 63 brokers in the same category.
In summary, HYCM appears to provide more competitive pricing, particularly with its Raw account option, compared to Eightcap's pricing structure. While both brokers offer varied account types to suit different trading needs, HYCM holds a slight edge in overall customer satisfaction and lower trading costs.
| Feature |
HYCM (Henyep Capital Markets)
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $20 | $100 |
| Average Spread EUR/USD - Standard | 1.2 | 1.0 |
| All-in Cost EUR/USD - Active | 0.6 | 0.76 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing the range of investments offered by HYCM (Henyep Capital Markets) and Eightcap, both online brokers provide traders with the ability to engage in forex trading as contracts for difference (CFDs) or spot contracts. However, HYCM shines with a total of 1,199 tradeable symbols, outpacing Eightcap's 800 symbols. For forex enthusiasts, HYCM presents a broader selection, offering 70 tradeable forex pairs compared to Eightcap’s 56. Moreover, HYCM provides clients access to exchange-traded securities on both U.S. and international exchanges, allowing investors to directly purchase shares such as Apple or Vodafone—an option not available through Eightcap. Both brokers offer cryptocurrency derivatives but not the actual delivery of cryptocurrencies.
While HYCM does not support copy trading, Eightcap fills this gap for traders interested in that feature. Overall, HYCM has earned a higher rating for its range of investments, receiving 4 out of 5 stars, compared to Eightcap's 3.5 stars. In rankings by ForexBrokers.com, HYCM stands at #33 out of 63 brokers for its range of investment options, while Eightcap is positioned at #40. This comparison underscores HYCM's broader investment offerings, making it an attractive choice for traders seeking extensive market access.
| Feature |
HYCM (Henyep Capital Markets)
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 800 |
| Forex Pairs (Total) | 70 | 56 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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.
When comparing HYCM (Henyep Capital Markets) and Eightcap, both brokers offer extensive features and trading tools that cater to different needs. Both platforms provide free virtual demo accounts, allowing users to practice trading without risk. HYCM provides its users with an in-house developed proprietary platform, alongside offering support for popular trading platforms like MetaTrader 4 and MetaTrader 5. In contrast, Eightcap does not have a proprietary platform but provides comprehensive access to MT4 and MT5, and additionally supports copy trading—a feature not available with HYCM. Both brokers offer Windows-based desktop platforms and web-based trading options. Furthermore, they each provide the same number of drawing tools, facilitating detailed charting capabilities.
The trading platforms of both HYCM and Eightcap are equipped with features like trading directly from stock charts and customizable watch lists with seven fields. However, neither broker offers integration with copy trading platforms like DupliTrade or ZuluTrade. In terms of market rankings, Eightcap is slightly ahead, placing #38 out of 63 brokers according to the ForexBrokers.com Trading Platforms and Tools category, whereas HYCM is ranked #40. Despite this, both brokers receive a commendable rating of four stars for their trading platforms and tools, showcasing their reliability and functionality for traders of various experience levels.
| Feature |
HYCM (Henyep Capital Markets)
|
Eightcap
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both HYCM and Eightcap provide mobile trading apps for iPhone and Android users, enabling traders to manage portfolios on the go. Each platform includes essential features such as real-time stock and forex price alerts, with 30 technical studies available for charting, accommodating a wide range of trading strategies. Users can draw trendlines and view various time frames—whether daily, weekly, or intraday—enhancing their analytical capabilities. Both apps also ensure that any chart drawings are automatically saved, which adds convenience for ongoing analysis.
Despite these similarities, there's a notable difference when it comes to syncing watchlists. Eightcap allows for watchlist symbol syncing, so your lists are always up-to-date across platforms, whereas HYCM does not offer this feature. Each app also supports creating watchlists with real-time quotes. Rated four stars for mobile trading, both platforms deliver efficient performance, though HYCM slightly edges out Eightcap with its #37 ranking by ForexBrokers.com, compared to Eightcap's #38 out of 63 brokers.
| Feature |
HYCM (Henyep Capital Markets)
|
Eightcap
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Both HYCM (Henyep Capital Markets) and Eightcap provide daily market commentary to keep traders informed. HYCM stands out with forex news sourced from top-tier providers like Bloomberg and Reuters, while Eightcap lacks this feature. Additionally, HYCM gives traders access to Trading Central's technical analysis tools, whereas Eightcap does not. However, Eightcap offers a sentiment-based trading tool that helps users gauge market sentiment, a feature HYCM does not include. Both brokers offer an economic calendar to track key global events.
On the market research front, neither HYCM nor Eightcap provide tools or insights from companies like Autochartist, TipRanks, or Acuity Trading. When evaluated for research capabilities, both brokers share a rating of 3.5 stars. Despite this equal standing, HYCM ranks slightly higher than Eightcap, placing 35th out of 63 brokers compared to Eightcap's position at 39th, according to ForexBrokers.com. This makes HYCM a marginally better option if having access to premium news and analytical tools from Trading Central is essential to your trading strategy.
| Feature |
HYCM (Henyep Capital Markets)
|
Eightcap
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources offered by HYCM (Henyep Capital Markets) and Eightcap, both brokers provide a wide range of materials to aid beginners. Each offers more than ten educational pieces that focus on forex and CFDs, which could include articles, videos, or archived webinars. Additionally, both brokers have created comprehensive learning experiences with their searchable archives of past webinars, helping novice traders access essential knowledge anytime they need. Each broker also presents at least ten beginner-friendly videos on trading topics, ensuring new traders have reliable resources to grasp foundational concepts easily.
However, neither HYCM nor Eightcap holds advanced educational videos for experienced traders, nor do they conduct monthly live client webinars. On a positive note, each provides an investor dictionary filled with over 50 defined investing terms, a handy tool for those navigating trading lingo. While both brokers are identically rated at 3.5 stars for their educational offerings, HYCM stands slightly ahead in the rankings by ForexBrokers.com, taking the 32nd spot out of 63 brokers, compared to Eightcap's position at number 40. These subtle distinctions can guide beginners in choosing a broker that suits their learning pace and style.
| Feature |
HYCM (Henyep Capital Markets)
|
Eightcap
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
| Investor Dictionary (Glossary) | Yes | Yes |
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 #29, while Eightcap finished with an overall rank of #38.
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). That said, HYCM offers a narrow range of symbols to forex and CFD traders.
| Feature |
HYCM (Henyep Capital Markets)
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Eightcap
|
|---|---|---|
| Overall Rating |
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| Trust Score | 86 | 85 |
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Both HYCM (Henyep Capital Markets) and Eightcap do not offer the ability to buy actual (delivered) cryptocurrency, but they both provide the option to trade cryptocurrency derivatives, not the actual cryptocurrency itself.
When comparing online brokers HYCM (Henyep Capital Markets) and Eightcap, both offer Skrill, Visa/Mastercard, and bank wire options for deposits and withdrawals, but only Eightcap provides the convenience of PayPal, whereas neither supports ACH or SEPA transfers.
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 | 86 | 85 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | Eightcap Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | Eightcap | |
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| Regulation | HYCM (Henyep Capital Markets) | Eightcap | |
|---|---|---|---|
| Trust Score | 86 | 85 | |
| 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 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| 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 (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| 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) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | HYCM (Henyep Capital Markets) | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1199 | 800 | |
| Forex Pairs (Total) | 70 | 56 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | 1.2 | 1.0 | |
| All-in Cost EUR/USD - Active | 0.6 | 0.76 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| 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 | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | HYCM (Henyep Capital Markets) | Eightcap | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | HYCM (Henyep Capital Markets) | Eightcap | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | HYCM (Henyep Capital Markets) | Eightcap | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | Eightcap | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | Eightcap | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | HYCM (Henyep Capital Markets) Review | Eightcap Review |
| Overall | HYCM (Henyep Capital Markets) | Eightcap | |
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| Trust Score | 86 | 85 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | Eightcap Review |
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