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 offer a choice between commission-based and spread-only pricing, and each earns a 4.5 out of 5 stars for commissions and fees. According to ForexBrokers.com, HYCM ranks #18 out of 63 brokers in this category, while Eightcap ranks #20 out of 63.
HYCM’s lowest-cost option is its Raw account, which delivers an all-in cost of about 0.6 pips on the EUR/USD after commission—sharper than many peers. HYCM’s Classic account uses variable spreads starting from 1.2 pips, and there’s also a fixed-spread account set at 1.5 pips for those who prefer predictable pricing.
Eightcap offers two account types across its global entities: the commission-based Raw account and the spread-only Standard account. The Raw account lists an average spread of 0.06 pips, and after adding a $3.50 per-side commission, the all-in cost comes to roughly 0.76 pips—just under the industry average of 0.8 pips. In direct comparison on EUR/USD, HYCM’s Raw pricing is a bit cheaper than Eightcap’s Raw account, though both remain competitively priced, with Eightcap still slightly pricier than the very lowest-cost forex brokers.
| 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, with 1,199 tradeable symbols and 70 forex pairs versus Eightcap’s 803 symbols and 55 pairs. Both brokers support forex trading and offer cryptocurrency CFDs, but neither provides access to actual, delivered crypto. HYCM stands out by letting clients buy exchange-traded securities on U.S. and international exchanges (for example, Apple on NASDAQ or Vodafone in London), while Eightcap does not offer real share dealing. On the other hand, Eightcap supports copy trading, which HYCM does not.
For Range of Investments, HYCM is rated 4 out of 5 stars and ranks 27th out of 63 brokers on ForexBrokers.com. Eightcap earns 3.5 out of 5 stars and ranks 29th, reflecting its smaller symbol list and lack of exchange-traded shares, offset by copy trading and crypto CFD availability.
| 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 make it easy to get started with a free demo account and offer trading on Windows desktop and in your web browser. Each supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), plus the ability to place trades directly from charts. HYCM also provides its own proprietary platform for those who prefer a broker-built experience, while Eightcap sticks to third‑party platforms.
For tools, both brokers earned 4 stars for Trading Platforms and Tools. In ForexBrokers.com’s rankings out of 63 brokers, Eightcap placed #31 and HYCM placed #32. If copy trading matters, Eightcap has it; HYCM does not. Choose HYCM if you want the option of a proprietary platform alongside MT4/MT5, or pick Eightcap if you’re focused on MetaTrader and want access to copy trading—either way, you can practice with a demo and trade from charts on desktop and web.
| 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 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
HYCM (Henyep Capital Markets) and Eightcap both offer mobile trading apps for iPhone and Android, along with stock and forex price alerts. Each earns a 4-star rating for mobile trading. According to ForexBrokers.com, HYCM ranks #30 out of 63 brokers in the Mobile Trading Apps category, while Eightcap comes in at #31—so they’re neck and neck in overall mobile quality.
For charting, both apps include 30 technical studies, let you draw trendlines, and auto-save your drawings. The key difference is watchlist syncing: Eightcap syncs your watchlists across mobile and your online account, so changes carry over between devices, while HYCM doesn’t support this. If you switch between phone and desktop often, Eightcap’s syncing may be the tie-breaker; otherwise, both deliver similar tools for on-the-go analysis and trading.
| 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 |
Dive deeper: Best Forex Trading Apps.
HYCM (Henyep Capital Markets) and Eightcap both cover the basics for market research with daily commentary and an economic calendar. HYCM stands out for delivering forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, and it adds Trading Central tools for technical and fundamental insights. Eightcap, by contrast, does not include those premium news feeds or Trading Central, but it does offer a sentiment tool showing long/short positioning and integrates research from Acuity Trading (including Signal Centre). Neither broker provides Autochartist or TipRanks.
Both brokers earn 3.5 out of 5 stars for Research. In ForexBrokers.com’s rankings out of 63 brokers, HYCM is placed at #29, while Eightcap sits at #33. In short, choose HYCM if you want premium news and Trading Central analytics, or go with Eightcap if you prefer sentiment data and Acuity Trading insights alongside your daily updates.
| 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 both provide beginner traders with a sizable set of video lessons, offering at least 10 beginner-focused videos that explain trading basics. Neither broker, however, reaches the same depth for experienced traders, as both fall short of offering 10 or more advanced videos. A key difference is live learning: Eightcap hosts monthly educational webinars, giving newcomers a chance to ask questions and learn in real time, while HYCM does not offer ongoing client webinars.
In independent reviews, both HYCM and Eightcap earn 3.5 out of 5 stars for education. HYCM ranks slightly higher at #27 out of 63 brokers for Education on ForexBrokers.com, compared with Eightcap at #31. If you value live webinars to reinforce forex and CFD basics, Eightcap may have the edge. If you prefer a video-led path and care about a somewhat higher ranking, HYCM is a solid alternative.
| 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 #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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| 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 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. 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 | 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 [DELETED] | |||
| 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 (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 | 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 [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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