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.
OANDA vs HYCM: ForexBrokers.com’s Trust Score scale rates 90–99 as highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, and under 59 not trusted. OANDA scores 92 (highly trusted), while HYCM scores 85 (trusted).
OANDA was founded in 1996 and HYCM in 1977. Neither broker is publicly traded or a bank. For regulation, OANDA holds seven Tier-1 (highly trusted) licenses and zero Tier-2 (trusted) licenses; HYCM holds two Tier-1 licenses and one Tier-2 license. Both are well regulated, with OANDA carrying more top-tier coverage.
| 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 it comes to commissions and fees, HYCM (Henyep Capital Markets) comes out ahead of OANDA for most cost-conscious forex traders. HYCM’s Raw account is the most competitive choice, with an all-in EUR/USD cost of about 0.6 pips after commission. Its Classic account is pricier, with variable spreads from 1.2 pips, and its fixed-spread account quotes 1.5 pips. HYCM is rated 4.5 out of 5 stars and ranks #18 out of 36 brokers for commissions and fees.
OANDA’s trading costs are generally higher, with spread-based pricing that can be more expensive than the best low-cost brokers. For example, its average non-core EUR/USD spread was 1.61 pips in July 2024. OANDA’s Core pricing lowers spreads, but adds a $5 per side commission per $100,000 traded, which can make the total cost slightly better than the default option in some cases. OANDA is rated 4 out of 5 stars and ranks #32 out of 36 brokers for commissions and fees.
In short, HYCM offers the better value on trading fees, especially for active forex traders who want lower all-in costs. OANDA still has some useful features, including very small trade sizes, automated execution, and rebate programs for high-volume clients, but its spreads are usually less competitive overall.
| Feature |
OANDA
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $0 | $20 |
| Average spread (EUR/USD) - Spread-only account | 1.68 | 1.3 |
| All-in Cost EUR/USD - Raw spread account | N/A | 0.6 |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
OANDA and HYCM both give traders access to forex, including forex trading as a CFD or spot contract, and both also offer exchange-traded shares on U.S. and international exchanges. That said, OANDA has a wider overall product range, with 4,172 tradeable symbols compared with HYCM’s 1,199. OANDA also offers 68 forex pairs, while HYCM lists 70, so HYCM has a slight edge in currency pairs, even though its overall selection is smaller.
When it comes to extra investment choices, OANDA stands out by offering copy trading and the ability to buy actual cryptocurrency, not just crypto CFDs. HYCM does not offer copy trading or delivered crypto, but it does provide cryptocurrency CFDs. Based on ForexBrokers.com ratings, OANDA scores 4.5 out of 5 for range of investments and ranks #20 out of 36 brokers, while HYCM scores 4 out of 5 and ranks #28, making OANDA the broader choice overall for available investments.
| Feature |
OANDA
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4172 | 1199 |
| Forex Pairs (Total) | 68 | 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 and HYCM both give traders a similar starting point when it comes to platforms and tools. Each broker offers a free demo account, its own in-house platform, a Windows desktop download, a web-based platform, and support for both MetaTrader 4 and MetaTrader 5. Both also let users trade directly from charts, making it easier to place orders while watching price action. Based on ForexBrokers.com, each broker earns 4 out of 5 stars for Trading Platforms and Tools, which suggests that both are solid choices for everyday trading needs.
One key difference is copy trading: OANDA offers it, while HYCM does not. That can matter for beginners or anyone who wants to follow other traders instead of making every decision on their own. In overall category rankings, OANDA places much higher at #16 out of 36 brokers, compared with HYCM at #35 out of 36. For traders comparing platform quality and available features, OANDA has a slight edge, especially if copy trading is important.
| 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) | 82 | 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, and both let users set stock or forex price alerts. Each app also supports trendline drawing and automatically saves chart drawings, which can help traders keep track of their ideas while on the go. One area where neither broker stands out is watchlist syncing, since changes made in the mobile app do not sync with the online account at either company.
For charting tools, OANDA has a slight edge with 33 technical studies in its mobile app, compared with 30 at HYCM. That difference lines up with their overall mobile app ratings and rankings: OANDA earns 5 stars and ranks #7 out of 36 brokers for Mobile Trading Apps, while HYCM earns 4 stars and ranks #33. If mobile trading features matter most, OANDA appears to have the stronger app experience overall, though HYCM still covers the main tools most traders need.
| 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 | 33 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, OANDA and HYCM both give traders daily market commentary, news from major sources like Bloomberg, Reuters, and Dow Jones, plus an economic calendar to track key global events. That means either broker can help you stay on top of market-moving headlines and upcoming data releases. OANDA, however, goes further with added research features such as Autochartist, sentiment data showing long and short positioning, and Acuity Trading tools like Signal Centre.
HYCM also offers useful research support, including Trading Central tools, which OANDA does not provide. Even so, OANDA is rated higher for research overall, with a 5-star score and a #4 ranking out of 36 brokers, compared with HYCM’s 3.5-star score and #32 ranking. In simple terms, both brokers cover the basics well, but OANDA gives traders a wider range of research tools, while HYCM stands out for Trading Central integration.
| 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 | Yes | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, OANDA has the edge over HYCM (Henyep Capital Markets). OANDA offers forex and CFDs education with at least 10 learning pieces, online educational client webinars at least once a month, and both beginner and advanced video libraries with 10 or more videos each. This makes OANDA a stronger choice for new traders who want regular lessons, clear video content, and a wider path to keep learning as they gain experience.
HYCM also offers forex and CFDs education with at least 10 learning pieces, and it has at least 10 beginner videos, but it does not provide monthly educational webinars and does not meet the same level of advanced video coverage as OANDA. That gap shows in the ratings and rankings: OANDA earns 5 stars for Education and ranks #18 out of 36 brokers, while HYCM receives 3.5 stars and ranks #28. For beginners comparing online broker education, OANDA offers a more complete learning experience.
| 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 #14, 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
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
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| Trust Score | 92 | 85 |
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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.
When comparing OANDA vs HYCM (Henyep Capital Markets) for funding methods, OANDA supports ACH/SEPA transfers, Skrill, and bank wires, while HYCM also offers Skrill and bank wires but does not support ACH/SEPA transfers, and neither broker lists PayPal or Visa/Mastercard as available deposit or withdrawal options.
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 | 92 | 85 | |
| 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 | 92 | 85 | |
| 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 CMA 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) | 68 | 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) - Spread-only account | 1.68 | 1.3 | |
| All-in Cost EUR/USD - Raw spread account | N/A | 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) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | 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) | 82 | 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 Watchlists - Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 33 | 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) | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| Review | OANDA Review | HYCM (Henyep Capital Markets) Review |
| Overall | OANDA | HYCM (Henyep Capital Markets) | |
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| Trust Score | 92 | 85 | |
| Winner | check_circle | ||
| Review | OANDA Review | HYCM (Henyep Capital Markets) Review |
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