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HYCM (Henyep Capital Markets) vs Eightcap 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

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.

HYCM (Henyep Capital Markets)
4/5 Stars Overall
  • Minimum Deposit: $20
  • Trust Score: 86
  • Tradeable Symbols (Total): 1199
Eightcap
4/5 Stars Overall
  • Minimum Deposit: $100
  • Trust Score: 87
  • Tradeable Symbols (Total): 803

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.

Regulation

HYCM (Henyep Capital Markets), founded in 1977, and Eightcap, founded in 2009, are both online brokers that are not publicly traded and are not banks. HYCM holds a ForexBrokers.com Trust Score of 86 and Eightcap scores 87; both fall in the “trusted” range of 80–89 on the scale where 90–99 is highly trusted, 70–79 average risk, 60–69 high risk, and under 59 not trusted.

In terms of regulation, HYCM holds 2 Tier-1 licenses (considered highly trusted) and 1 Tier-2 license (trusted), while Eightcap holds 3 Tier-1 licenses and 1 Tier-2 license. Eightcap edges HYCM slightly on top-tier regulatory coverage and Trust Score, while HYCM brings a longer operating history.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Eightcap logoEightcap
Year Founded info 1977 2009
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 2 3
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 2

Fees

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) logoHYCM (Henyep Capital Markets)
Eightcap logoEightcap
Minimum Deposit info $20 $100
Average spread (EUR/USD) - Standard account info 1.3 info 1.0 info
All-in Cost EUR/USD - Active info 0.6 info 0.76
Non-wire bank transfer info No No
PayPal (Deposit/Withdraw) info No Yes
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

HYCM (Henyep Capital Markets) vs Eightcap: HYCM lists 1,199 tradeable symbols and 70 forex pairs, while Eightcap offers 803 symbols and 55 forex pairs. Both let you trade forex as CFDs or spot contracts and support cryptocurrency trading via CFDs (not actual coins). A key difference is access to real shares: HYCM lets clients buy exchange‑traded securities on U.S. and international exchanges (for example, Apple or Vodafone), whereas Eightcap does not.

Eightcap supports copy trading, while HYCM does not. For Range of Investments, HYCM holds a 4-star rating and ranks #34 out of 63 brokers at ForexBrokers.com, compared with Eightcap’s 3.5-star rating and #41 ranking. In short, HYCM suits traders who want more symbols, more forex pairs, and real share dealing alongside CFDs; Eightcap fits those who value copy trading and a CFD-focused lineup.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Eightcap logoEightcap
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1199 803
Forex Pairs (Total) info 70 55
U.S. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes No
Copy Trading info No Yes info
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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.

Trading platforms and tools

HYCM (Henyep Capital Markets) and Eightcap both check key boxes for trading platforms and tools: each offers a free demo (paper) account, Windows desktop and web-based platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and the ability to place trades directly from charts. A notable difference is that HYCM also provides a proprietary, in-house platform option, while Eightcap does not.

For extra features, Eightcap supports copy trading, whereas HYCM does not. Both brokers earned 4 out of 5 stars for Trading Platforms and Tools from ForexBrokers.com; Eightcap ranks #39 of 63 and HYCM ranks #41 of 63. In short, choose HYCM if you want an additional in-house platform alongside MT4/MT5, and pick Eightcap if copy trading matters most to you—either way, you get MetaTrader access, chart trading, and a free demo to practice.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Eightcap logoEightcap
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info No Yes info
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
Charting - Indicators / Studies (Total) info 30 30
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

HYCM (Henyep Capital Markets) and Eightcap both deliver capable mobile trading apps for iPhone and Android. Each supports stock and forex price alerts, offers 30 technical studies for charting, lets you draw trendlines, and auto-saves your drawings. Both apps earn 4 out of 5 stars for mobile trading. According to ForexBrokers.com, HYCM ranks #38 out of 63 brokers for Mobile Trading Apps, while Eightcap ranks #39.

The key difference is watchlists: HYCM’s mobile app does not sync watchlist symbols with your online account, while Eightcap’s does. If you frequently switch between desktop and mobile and want your lists to stay in sync, Eightcap has a slight edge. Otherwise, their core charting tools and alert features are closely matched, so the choice may come down to whether cross-device watchlist syncing matters to you.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Eightcap logoEightcap
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info No Yes
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

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) logoHYCM (Henyep Capital Markets)
Eightcap logoEightcap
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes No
Autochartist info No No
Trading Central info Yes No
Client sentiment data info No Yes
TipRanks info No No
Acuity Trading info No Yes
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

For beginners comparing HYCM (Henyep Capital Markets) and Eightcap, both brokers provide sizable libraries of beginner-friendly trading videos (10+), which makes it easy to learn at your own pace. Eightcap goes a step further with ongoing educational webinars held at least once a month, while HYCM does not offer monthly webinars. Neither broker currently delivers a deep library of advanced videos (fewer than 10), so traders seeking more advanced video lessons may find both a bit limited.

Both HYCM and Eightcap earn the same education score of 3.5 out of 5 stars, though HYCM ranks slightly higher (#32 of 63) than Eightcap (#40 of 63) in the Education category on ForexBrokers.com. If live, interactive learning is a priority, Eightcap’s regular webinars are a clear advantage; if overall standing matters more, HYCM edges ahead in the rankings. In either case, beginners will find ample video content to get started.

Feature HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Eightcap logoEightcap
Webinars info No Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info No No

Dive deeper: Best Forex Brokers for Beginners.

Winner

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) logoHYCM (Henyep Capital Markets)
Eightcap logoEightcap
Overall Rating info 4/5 Stars 4/5 Stars
Trust Score info 86 87
Range of Investments 4/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with HYCM (Henyep Capital Markets) or Eightcap?

HYCM (Henyep Capital Markets) vs Eightcap: neither broker allows you to buy actual (delivered) cryptocurrency, but both offer cryptocurrency CFDs for trading instead.

What funding options does each broker offer?

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).

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Overall Rating HYCM (Henyep Capital Markets) Eightcap
Overall Rating info 4/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Range of Investments 4/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 86 87
Winner check_circle
Review HYCM (Henyep Capital Markets) Review Eightcap Review
Broker Screenshots HYCM (Henyep Capital Markets) Eightcap
Broker Gallery (click to expand) info
HYCM MT5 desktop trading platform HYCM client portal Analyst Views market analysis HYCM YouTube channel videos.
Eightcap MT4 mobile app charts. Eightcap MT5 web. Eightcap economic calendar event detail. Eightcap Labs educational content learning academy.
Regulation HYCM (Henyep Capital Markets) Eightcap
Trust Score info 86 87
Year Founded info 1977 2009
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info No info Yes info
Tier-1 Licenses info 2 3
Tier-2 Licenses info 1 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 2
Tier-1 Licenses (Highly Trusted) HYCM (Henyep Capital Markets) Eightcap
Australia (ASIC Authorised) info No Yes
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info Yes No
Japan (FSA Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info No info Yes info
Tier-2 Licenses (Trusted) HYCM (Henyep Capital Markets) Eightcap
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA, FSRA, or SCA Authorised) info Yes Yes info
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments HYCM (Henyep Capital Markets) Eightcap
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 1199 803
Forex Pairs (Total) info 70 55
U.S. Stocks (Shares) info Yes No
Global Stocks (Non-U.S. Shares) info Yes No
Copy Trading info No Yes info
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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 info 1.3 info 1.0 info
All-in Cost EUR/USD - Active info 0.6 info 0.76
Inactivity Fee info No No
Order execution: Agency info Yes Yes
Order execution: Market Maker info Yes Yes
Funding HYCM (Henyep Capital Markets) Eightcap
Minimum Deposit info $20 $100
PayPal (Deposit/Withdraw) info No Yes
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info No No
Trading Platforms HYCM (Henyep Capital Markets) Eightcap
Proprietary Desktop Trading Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info No Yes info
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
cTrader info No No
Trading Tools HYCM (Henyep Capital Markets) Eightcap
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 30 30
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading HYCM (Henyep Capital Markets) Eightcap
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info No Yes
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes
Mobile Research - Economic Calendar info Yes Yes
Research HYCM (Henyep Capital Markets) Eightcap
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes No
Autochartist info No No
Trading Central info Yes No
TipRanks info No No
Client sentiment data info No Yes
Economic Calendar info Yes Yes
Education HYCM (Henyep Capital Markets) Eightcap
Webinars info No Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info No No
Major Forex Pairs HYCM (Henyep Capital Markets) Eightcap
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review HYCM (Henyep Capital Markets) Review Eightcap Review
Overall HYCM (Henyep Capital Markets) Eightcap
Overall Rating info 4/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Range of Investments 4/5 Stars 3.5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 3.5/5 Stars 3.5/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 86 87
Winner check_circle
Review HYCM (Henyep Capital Markets) Review Eightcap Review
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