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OANDA vs HYCM (Henyep Markets) 2020

Is HYCM (Henyep Markets) better than OANDA? After testing 30 of the best forex brokers over five months, OANDA is better than HYCM (Henyep Markets). As a trusted global brand, OANDA provides forex and CFD traders a limited offering of FX pairs and CFDs but stands out for its reputation and quality market research.



CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Overall Rating

Feature OANDA HYCM (Henyep Markets)
Overall 4 3.5
OANDA Review HYCM (Henyep Markets) Review
73.5% of retail CFD accounts lose money 71% of retail CFD accounts lose money

Regulation

Feature OANDA HYCM (Henyep Markets)
Trust Score 89 84
Year Founded
1996 1977
Publicly Traded (Listed)
No No
Bank
No No
Tier-1 Licenses
6 2
Tier-2 Licenses
0 2
Tier-3 Licenses
0 1
Authorised in the European Union
Yes Yes

Tier-1 Licenses

Feature OANDA HYCM (Henyep Markets)
ASIC Authorised (Australia)
Yes No
IIROC Authorised (Canada)
Yes No
SFC Authorised (Hong Kong)
No Yes
FSA Authorised (Japan)
Yes No
MAS Authorised (Singapore)
Yes No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
Yes Yes
CFTC Registered (USA)
Yes No

Investments

Feature OANDA HYCM (Henyep Markets)
Forex: Spot Trading
Yes Yes
Social Trading / Copy-Trading
Yes Yes
Currency Pairs (Total Forex pairs)
71 69
CFDs - Total Offered
53 225
Cryptocurrency traded as actual
No No
Cryptocurrency traded as CFD
Yes Yes
Offering of Investments 3.5 3
Winner check_circle

Cost

Feature OANDA HYCM (Henyep Markets)
Average Spread EUR/USD - Standard
1.4 (as of Q3 2018) N/A
All-in Cost EUR/USD - Active
1.4 (as of Oct 19) N/A
Active Trader or VIP Discounts
Yes Yes
Commissions & Fees 4 3.5
Winner check_circle

Funding

Feature OANDA HYCM (Henyep Markets)
Minimum Initial Deposit
$0.00 $100
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
No No
Skrill (Deposit/Withdraw)
No No

Trading Platforms

Feature OANDA HYCM (Henyep Markets)
Proprietary Platform
Yes No
Desktop Platform (Windows)
Yes No
Web Platform
Yes No
Social Trading / Copy-Trading
Yes Yes
MetaTrader 4 (MT4)
Yes Yes
MetaTrader 5 (MT5)
No No
cTrader
No No

Trading Tools

Feature OANDA HYCM (Henyep Markets)
Virtual Trading (Demo)
Yes No
Alerts - Basic Fields
Yes No
Watchlists - Total Fields
7 (default MT4)
Charting - Indicators / Studies (Total)
81 (default MT4)
Charting - Drawing Tools (Total)
145 (default MT4)
Charting - Trade From Chart
Yes No
Charting - Drawings Autosave
Yes No
Order Type - Trailing Stop
Yes Yes
Platform & Tools 3.5 3
Winner check_circle

Mobile Trading

Feature OANDA HYCM (Henyep Markets)
Android App
Yes Yes
Apple iOS App
Yes Yes
Trading - Forex
Yes Yes
Trading - CFDs
Yes Yes
Alerts - Basic Fields
Yes No
Watch List
Yes No
Watch List Syncing
No No
Charting - Indicators / Studies
33 (default MT4)
Charting - Draw Trend Lines
Yes No
Charting - Trend Lines Moveable
Yes No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
Yes No
Forex Calendar
Yes No
Mobile Trading 4 3.5
Winner check_circle

Research

Feature OANDA HYCM (Henyep Markets)
Daily Market Commentary
Yes No
Forex News (Top-Tier Sources)
Yes No
Weekly Webinars
Yes No
AutoChartist
Yes No
Trading Central (Recognia)
No Yes
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes No
Economic Calendar
Yes No
Research 4.5 4
Winner check_circle

Education

Feature OANDA HYCM (Henyep Markets)
Has Education - Forex
Yes No
Has Education - CFDs
No No
Client Webinars
Yes Yes
Client Webinars (Archived)
Yes No
Videos - Beginner Trading Videos
Yes Yes
Videos - Advanced Trading Videos
Yes No
Investor Dictionary (Glossary)
Yes Yes
Education 3.5 3.5
Winner check_circle

Major Forex Pairs

Feature OANDA HYCM (Henyep Markets)
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

Overall

Feature OANDA HYCM (Henyep Markets)
OANDA Review HYCM (Henyep Markets) Review
Overall 4 3.5
Winner check_circle

Comparing forex brokers side by side is no easy task. For our 2020 annual forex broker review, we spent hundreds of hours assessing 30 forex and CFD brokerages to find the best forex broker. Let's compare HYCM (Henyep Markets) vs OANDA.

Does HYCM (Henyep Markets) or OANDA offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, OANDA offers better pricing overall for traders.

Is HYCM (Henyep Markets) or OANDA safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. OANDA holds 6 global Tier-1 licenses, while HYCM (Henyep Markets) holds 2. HYCM (Henyep Markets) holds 2 global Tier-2 licenses, while OANDA holds 0. All regulators considered, OANDA has a Trust Score of 89.00, while HYCM (Henyep Markets)'s Trust Score is 84.00.

Which trading platform is better: HYCM (Henyep Markets) or OANDA?
To compare the trading platforms of both HYCM (Henyep Markets) and OANDA, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, OANDA offers a better experience. With research, OANDA offers superior market research. Finally, we found OANDA to provide better mobile trading apps.

What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. HYCM (Henyep Markets) and OANDA both offer copy trading. Both HYCM (Henyep Markets) and OANDA offer MetaTrader 4 (MT4).

How many forex pairs and CFDs are available to trade?
OANDA provides traders 71 currency pairs (e.g., EUR/USD) compared to HYCM (Henyep Markets)'s 69 available pairs. Forex pairs aside, HYCM (Henyep Markets) offers traders access to 225 CFDs while OANDA has 53 available CFDs, a difference of 172.

Overall, between HYCM (Henyep Markets) and OANDA, OANDA is the better forex broker.

HYCM (Henyep Markets) Review
OANDA Review

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Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 01/20/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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OANDA - CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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