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 | 2 |
Comparing commissions and fees, HYCM (Henyep Capital Markets) comes in slightly cheaper than Eightcap on the popular EUR/USD pair if you choose a commission-based account. HYCM’s Raw account delivers an all-in cost around 0.6 pips (after commission), while Eightcap’s Raw account works out to about 0.76 pips once you add the $3.50 per-side commission—just under the 0.8-pip industry average. For this category, HYCM earns 4.5 out of 5 stars and ranks #16 of 63 brokers; Eightcap earns 4 out of 5 stars and ranks #27 of 63.
HYCM offers three pricing choices: the lower-cost Raw account, a Classic account with variable spreads starting from 1.2 pips, and a fixed-spread option at 1.5 pips for those who prefer predictable pricing. Eightcap provides two account types across its global entities: a commission-based Raw account (average spread listed at 0.06 pips before commission, about 0.76 pips all-in after the $3.50 per-side charge) and a spread-only Standard account with no commissions. Overall, Eightcap is slightly more expensive than the very lowest-cost forex brokers.
If your goal is the tightest all-in pricing on EUR/USD, HYCM’s Raw account edges out Eightcap’s Raw account. If you prefer to avoid commissions, compare HYCM’s Classic spread from 1.2 pips to Eightcap’s Standard account, and consider HYCM’s 1.5-pip fixed spread if you value stable costs. Actual spreads can vary by market conditions and the entity you trade with, so check current quotes before deciding.
| 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 |
| 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) and Eightcap both support forex trading through CFDs. HYCM offers a bigger selection overall with 1,199 tradeable symbols and 70 forex pairs, compared with Eightcap’s 803 symbols and 55 forex pairs. HYCM also lets clients buy exchange-traded shares directly on U.S. markets and on international exchanges, while Eightcap does not offer real stock ownership. Both brokers provide cryptocurrency derivatives, but neither lets you buy actual crypto.
For extra features, Eightcap offers copy trading, which HYCM does not. According to ForexBrokers.com’s Range of Investments scores, HYCM earns 4 stars and ranks 34th out of 63 brokers, while Eightcap scores 3.5 stars and ranks 41st. Choose HYCM if you want more symbols and the ability to own shares; pick Eightcap if copy trading matters and you’re comfortable trading via CFDs.
| 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. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Underlying) | 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.
HYCM (Henyep Capital Markets) vs. Eightcap: both brokers offer a free demo account and support MetaTrader 4 (MT4) and MetaTrader 5 (MT5). You can trade on Windows desktop and through a web-based platform with either broker, and both let you place orders directly from charts. HYCM also provides a proprietary, in-house platform, while Eightcap sticks to third‑party platforms.
When it comes to social features, Eightcap offers copy trading, whereas HYCM does not. According to ForexBrokers.com’s Trading Platforms and Tools scores, both earn 4 out of 5 stars, with Eightcap ranked #39 of 63 brokers and HYCM at #41. Choose Eightcap if copy trading matters to you; pick HYCM if you want access to a proprietary platform alongside MT4/MT5—both with easy demo access to test the waters.
| 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 |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
HYCM (Henyep Capital Markets) and Eightcap both provide mobile trading apps for iPhone and Android. Each app includes price alerts, real-time quote watchlists, auto-saving chart drawings, and charting with 30 technical indicators plus trendline tools. Timeframe support was not specified for either broker.
The main difference is watchlist syncing: Eightcap syncs symbols between the mobile app and your online account, while HYCM does not. Both brokers earn 4 out of 5 stars for Mobile Trading Apps, with HYCM ranked #38 and Eightcap ranked #39 out of 63 brokers by ForexBrokers.com. If syncing across devices matters to you, Eightcap has the edge; otherwise, the mobile features are largely comparable.
| 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 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
HYCM (Henyep Capital Markets) and Eightcap both cover the basics with daily market commentary and an economic calendar. HYCM goes further on news and analysis, offering forex headlines from top-tier sources such as Bloomberg, Reuters, or Dow Jones, plus Trading Central tools for technical and fundamental insights. Eightcap, on the other hand, does not provide those premium news feeds or Trading Central, but it adds a helpful sentiment tool that shows long/short positioning and includes research from Acuity Trading (e.g., Signal Centre). Neither broker offers Autochartist or TipRanks.
Both HYCM and Eightcap earn 3.5 out of 5 stars for research. In ForexBrokers.com’s rankings, HYCM places #36 out of 63 brokers, while Eightcap is #40. Choose HYCM if you want professional-grade news and Trading Central analysis; pick Eightcap if sentiment data and Acuity Trading signals fit your trading style.
| 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 |
| Client sentiment data | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
HYCM (Henyep Capital Markets) and Eightcap both earn 3.5 stars for education. HYCM ranks #32 out of 63 brokers for education on ForexBrokers.com, while Eightcap ranks #40. For beginners, both brokers provide at least 10 video lessons that cover core trading topics, but neither offers 10 or more advanced videos for experienced traders. Eightcap runs monthly educational client webinars, whereas HYCM does not. Details about broader forex/CFD education libraries, investor dictionaries, and searchable webinar archives were not specified.
If you prefer live learning, Eightcap’s recurring webinars can be a plus. If you want a self-paced start, both brokers’ beginner video libraries are suitable. Traders seeking deeper, advanced video content may find both providers limited, so it’s wise to review each broker’s learning hub to confirm the latest materials and any archived sessions before deciding.
| Feature |
HYCM (Henyep Capital Markets)
|
Eightcap
|
|---|---|---|
| Webinars | No | Yes |
| 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 #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)
|
Eightcap
|
|---|---|---|
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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.
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 | 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 | 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 (SFC 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 SCA 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. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Underlying) | 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 | |
| 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 | |
| Social Trading / 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 | 30 | |
| 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 | Yes | Yes | |
| Mobile Watchlists - Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| 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 | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Client sentiment data | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | Eightcap | |
|---|---|---|---|
| Webinars | No | Yes | |
| 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 | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD [DELETED] | |||
| 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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