Written by ForexBrokers.com
In this head to head comparison of OANDA vs HYCM (Henyep Capital Markets), 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 it comes to regulatory trust and history, OANDA and HYCM (Henyep Capital Markets) offer distinct profiles for traders to consider. Established in 1996, OANDA is not listed on a stock exchange and does not operate as a bank. It holds 7 Tier-1 licenses, reflecting a high level of regulatory trust, and a strong Trust Score of 93 out of 99 as per ForexBrokers.com, classifying it as a highly trusted broker.
On the other hand, HYCM, with a longer history dating back to 1977, is also privately held and not a bank. It holds 2 Tier-1 and 1 Tier-2 licenses, ensuring a secure trading environment, and has a ForexBrokers.com Trust Score of 86, categorizing it as a trusted broker. Both firms offer reliable trading platforms, but OANDA's higher number of Tier-1 licenses and Trust Score might appeal to those prioritizing regulatory reassurance.
| Feature |
OANDA
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 1996 | 1977 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When you compare commissions and fees, HYCM generally edges out OANDA on pricing. HYCM is rated 4.5/5 stars and ranks #18 of 63 for Commissions and Fees at ForexBrokers.com, while OANDA is rated 4/5 stars and ranks #30 of 63. The gap largely reflects HYCM’s lower all-in trading costs on its Raw account versus OANDA’s higher effective spreads under both its default and core pricing.
OANDA’s average non-core spread on EUR/USD was 1.61 pips in July 2024. Its core pricing lowers the spread but adds a commission of $5 per side per $100,000 traded (about $10 per round turn), and requires a $10,000 minimum deposit. Using the example provided, a 0.4-pip core spread plus the commission-equivalent of 1 pip brings the all-in cost to about 1.4 pips—still higher than HYCM’s Raw account, but slightly cheaper than OANDA’s default 1.6 pips. OANDA also stands out for tiny trade sizes (down to 1 unit) and offers an Elite Trader program with rebates of $5 to $17 per million for high-volume traders, along with spread transparency via trailing averages (though not fixed-period averages).
HYCM’s Raw account posts an all-in cost around 0.6 pips on EUR/USD after commission, while the Classic account starts from a variable 1.2 pips, and the Fixed account is 1.5 pips. In short, HYCM’s Raw account is typically cheaper than OANDA’s core (about 1.4 pips in the example) and default pricing (about 1.6 pips), contributing to HYCM’s higher rating and better category ranking for commissions and fees.
| Feature |
OANDA
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $0 | $20 |
| Average spread (EUR/USD) - Standard account | 1.68 | 1.3 |
| All-in Cost EUR/USD - Active | 1.69 | 0.6 |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
OANDA vs HYCM: both brokers support forex trading as CFDs or spot contracts and let you buy exchange‑traded stocks on U.S. and international exchanges. OANDA lists 4,172 tradeable symbols and 69 forex pairs, while HYCM offers 1,199 symbols and edges ahead on currency selection with 70 pairs.
Key differences: OANDA provides copy trading and lets you buy actual cryptocurrency as well as crypto CFDs; HYCM offers crypto only via CFDs and does not support copy trading. For Range of Investments, both earn 4 out of 5 stars. In ForexBrokers.com’s rankings, OANDA is #20 of 63 and HYCM is #27, reflecting OANDA’s broader overall lineup and HYCM’s slightly wider choice of forex pairs.
| Feature |
OANDA
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4172 | 1199 |
| Forex Pairs (Total) | 69 | 70 |
| U.S. Stocks (Shares) | Yes | Yes |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | Yes | 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.
OANDA vs HYCM: Both brokers provide a free demo account for paper trading. Each has a proprietary platform and offers both a Windows desktop download and a web-based platform. MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are available at both, and you can place trades directly from charts with either. The key difference is copy trading: OANDA supports copy trading, while HYCM does not.
For Trading Platforms and Tools, both OANDA and HYCM earn 4 stars from ForexBrokers.com. In the category ranking, OANDA is placed #16 out of 63 brokers, while HYCM is #32, suggesting OANDA holds a slight edge for platform and toolset according to that source.
| Feature |
OANDA
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 89 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
OANDA and HYCM both offer mobile trading apps for iPhone and Android. Each app includes stock or forex price alerts, 30 technical studies for charting, and drawing tools like trendlines, with your chart drawings auto-saved. One limitation is that watchlists don’t sync between the mobile app and your online account at either broker.
In third-party reviews, OANDA’s mobile app stands out with a 5-star rating and a #7 ranking out of 63 brokers in ForexBrokers.com’s Mobile Trading Apps category. HYCM’s app earns 4 stars and ranks #30. If app ratings and rank are important to you, OANDA has the edge, while HYCM still covers the essentials for trading on the go.
| Feature |
OANDA
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Comparing OANDA vs HYCM for market research, both brokers cover the essentials: daily market commentary, forex news from leading sources like Bloomberg/Reuters/Dow Jones, and an economic calendar for upcoming events. Neither offers research from TipRanks or Acuity Trading, so their news and calendar features do most of the heavy lifting for staying informed.
The bigger differences are in analytics tools. OANDA includes Autochartist and a client sentiment tool that shows long/short positioning, but it does not offer Trading Central. HYCM integrates Trading Central, yet lacks Autochartist and a sentiment gauge. These choices are reflected in independent scores: OANDA earns 5 stars and ranks #4 out of 63 brokers for Research on ForexBrokers.com, while HYCM holds 3.5 stars and ranks #29. Choose OANDA if you want sentiment plus Autochartist; pick HYCM if Trading Central’s insights are your priority.
| Feature |
OANDA
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | No | Yes |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Both OANDA and HYCM (Henyep Capital Markets) provide forex and CFD education suitable for beginners, each offering at least 10 beginner-friendly trading videos. Where they differ is in depth and ongoing support: OANDA adds monthly live client webinars and also supplies 10+ advanced trading videos for when you’re ready to level up. HYCM does not run monthly webinars and doesn’t match OANDA’s volume of advanced video lessons, but it still covers the basics well for new traders.
If ratings matter to you, OANDA earns 5 stars for Education and ranks #18 out of 63 brokers with ForexBrokers.com, reflecting strong overall learning options and live guidance. HYCM is rated 3.5 stars and ranks #27 out of 63, making it a decent pick for core beginner content. For beginners who want ongoing webinars and a deeper video library to grow into, OANDA is the more complete choice.
| Feature |
OANDA
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that OANDA is better than HYCM (Henyep Capital Markets). OANDA finished with an overall rank of #13, while HYCM (Henyep Capital Markets) finished with an overall rank of #26.
A trusted global brand, OANDA stands out for its reputation and quality market research. Its regulatory track record is strong, and its support for third-party features bolsters its overall offering.
| Feature |
OANDA
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HYCM (Henyep Capital Markets)
|
|---|---|---|
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| Trust Score | 93 | 86 |
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In a head-to-head comparison, OANDA offers both actual (delivered) cryptocurrency purchases and cryptocurrency CFDs, while HYCM (Henyep Capital Markets) provides cryptocurrency trading only via CFDs and not as delivered assets.
In the OANDA vs HYCM (Henyep Capital Markets) comparison of deposit and withdrawal methods, OANDA supports ACH/SEPA transfers, PayPal, Skrill, and bank wires, while HYCM supports Skrill and bank wires but not ACH/SEPA or PayPal; card options are not specified for either broker.
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 | OANDA | HYCM (Henyep Capital Markets) | |
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| Trust Score | 93 | 86 | |
| Winner | check_circle | ||
| Review | OANDA Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | OANDA | HYCM (Henyep Capital Markets) | |
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| Regulation | OANDA | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trust Score | 93 | 86 | |
| Year Founded | 1996 | 1977 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | OANDA | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (FSA Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | OANDA | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | OANDA | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 4172 | 1199 | |
| Forex Pairs (Total) | 69 | 70 | |
| U.S. Stocks (Shares) | Yes | Yes | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | Yes | 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 | OANDA | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.68 | 1.3 | |
| All-in Cost EUR/USD - Active | 1.69 | 0.6 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | OANDA | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | $0 | $20 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | OANDA | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | OANDA | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 89 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | OANDA | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | No | |
| 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 | OANDA | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | OANDA | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | OANDA Review | HYCM (Henyep Capital Markets) Review |
| Overall | OANDA | HYCM (Henyep Capital Markets) | |
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| Trust Score | 93 | 86 | |
| Winner | check_circle | ||
| Review | OANDA Review | HYCM (Henyep Capital Markets) Review |
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