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) - 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.
HYCM (Henyep Capital Markets) offers a wider range of investments than Eightcap. Both brokers support forex trading as CFDs or spot contracts, and each lets you trade cryptocurrency CFDs rather than the actual coins. HYCM stands out with 1,199 tradeable symbols and 70 forex pairs, compared with Eightcap’s 803 symbols and 55 forex pairs. HYCM also gives clients access to exchange traded securities on both U.S. and international exchanges, so you can buy real shares such as Apple or Vodafone. In contrast, Eightcap does not offer exchange traded securities.
Eightcap does have one feature HYCM lacks: copy trading. Still, for overall choice, HYCM comes out ahead with a 4-star Range of Investments rating and a #27 ranking out of 36 brokers, while Eightcap holds a 3.5-star rating and ranks #29. If you want a broker with more markets and more ways to trade, HYCM is the stronger pick. If copy trading matters most, Eightcap may be worth a look.
| 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 | Yes |
| 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 mix of platform choices, including free demo accounts, desktop downloads for Windows, web-based trading, MetaTrader 4, and MetaTrader 5. Each broker also lets users trade directly from charts and has earned a 4-star rating for Trading Platforms and Tools. In ForexBrokers.com’s ranking out of 36 brokers, HYCM comes in at #32, while Eightcap is slightly ahead at #31.
The biggest difference is that HYCM offers its own in-house platform, while Eightcap does not. On the other hand, Eightcap supports copy trading, which HYCM does not. For traders who want a broker with a proprietary option, HYCM may have the edge; for those interested in copy trading, Eightcap may be the better fit. Both brokers cover the main platform basics well, so the right choice may come down to whether you value a custom platform or copy trading more.
| 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 | Yes |
| 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 on the go with iPhone and Android apps, plus price alerts, trendline drawing, and auto-saving chart drawings. Each broker is also rated 4 out of 5 stars for mobile trading apps, so they are fairly close on overall app quality. HYCM is ranked #30 out of 36 by ForexBrokers.com in this category, while Eightcap is close behind at #31.
The biggest difference is charting and watchlist syncing. Eightcap lets watchlists sync between the mobile app and online account, which means changes carry over both ways, while HYCM does not offer this feature. Eightcap also gives mobile users access to 100 technical studies, compared with 30 at HYCM, making Eightcap the better pick for traders who want more chart tools on their phone.
| 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 offer daily market commentary and an economic calendar, so each gives traders a basic way to keep up with news and upcoming events. They are also tied on overall research ratings at 3.5 out of 5 stars. Where HYCM stands out is in its access to forex news from major sources like Bloomberg, Reuters, and Dow Jones, plus Trading Central tools such as Technical Analytics. Eightcap, meanwhile, does not offer those same news or Trading Central features, but it does provide sentiment data that shows the balance of long and short positions, along with research tools from Acuity Trading, such as Signal Centre.
In ForexBrokers.com’s Research category, HYCM ranks higher at #29 out of 36 brokers, while Eightcap comes in at #33. Neither broker offers Autochartist or TipRanks research. Overall, HYCM may appeal more to traders who want premium news coverage and technical insight, while Eightcap may suit those looking for sentiment-based signals and Acuity Trading tools.
| 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)
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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 | Yes | |
| 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 | No | |
| 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 | Yes | |
| 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 | |
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| Trust Score | 85 | 87 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | Eightcap Review |
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