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 |
Comparing commissions and fees, HYCM generally comes out cheaper than OANDA for forex trading. HYCM’s Raw account posts an all-in cost around 0.6 pips on EUR/USD (after commission), while OANDA’s pricing tends to be higher versus top competitors. Star ratings and ranks reflect this gap: OANDA earns 4/5 stars and ranks #35 out of 63 brokers for Commissions and Fees, whereas HYCM earns 4.5/5 stars and ranks #16 out of 63.
OANDA offers two main pricing setups. Its default (commission-free) pricing has average EUR/USD spreads around 1.6 pips (July 2024). Its Core pricing lowers the spread but adds a $5 per-side commission per $100,000 traded (about $10 per round turn), with a $10,000 minimum deposit; using an example spread of 0.4 pips plus the commission equivalent of 1.0 pip, the all-in cost comes to about 1.4 pips—slightly better than default. Cost-minded traders may also like OANDA’s tiny minimum trade size (as small as 1 unit) and potential volume rebates of $5 to $17 per million for active traders. OANDA publishes trailing average spreads to improve pricing transparency.
HYCM keeps things straightforward across three account types: the Raw account offers the most competitive pricing (about 0.6 pips all-in on EUR/USD), the Classic account has variable spreads starting from 1.2 pips, and the Fixed account posts a 1.5-pip spread. For traders focused on the lowest possible trading costs—especially on major pairs—the HYCM Raw account typically undercuts OANDA’s effective costs, while its Classic and Fixed options provide simple, commission-free alternatives.
| Feature |
OANDA
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $0 | $20 |
| Average Spread EUR/USD - Standard | 1.69 | 1.2 |
| All-in Cost EUR/USD - Active | 1.69 | 0.6 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
OANDA and HYCM both let you trade forex as CFDs or spot. When it comes to the range of investments, OANDA lists 4,172 tradeable symbols, while HYCM offers 1,199. Forex coverage is almost even: HYCM has 70 currency pairs to OANDA’s 69. Both brokers also let you buy exchange‑traded securities (not CFDs) on U.S. markets like NASDAQ and on international exchanges such as London, so you can invest directly in shares alongside your trading.
For extras, OANDA stands out with copy trading and access to actual, delivered cryptocurrency as well as crypto derivatives; HYCM does not offer copy trading or delivered crypto, though it does support crypto derivatives. Both earn 4 stars for Range of Investments at ForexBrokers.com, with OANDA ranked 28th out of 63 brokers and HYCM ranked 34th. If you want a larger overall product list and the option to buy real crypto, OANDA may fit better; if a slightly wider set of forex pairs and exchange‑traded shares is enough, HYCM remains a strong choice.
| 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. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | Yes | No |
| Cryptocurrency (Derivative) | 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 (Henyep Capital Markets) both cover the basics well for trading platforms and tools. Each broker offers a free demo account, an in-house proprietary platform, and access on Windows desktop and the web. They both support MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and let you place trades directly from charts. Neither integrates DupliTrade or ZuluTrade. A key difference is copy trading: OANDA offers it, while HYCM does not.
For charting, OANDA lists 74 drawing tools versus HYCM’s 15, while the number of technical indicators for both was not specified. Watchlists support 6 columns on OANDA and 7 on HYCM. In independent ratings for Trading Platforms and Tools, both score 4 out of 5 stars, but OANDA ranks higher overall (#15 of 63) compared with HYCM (#41 of 63). In short, OANDA stands out for drawing tools and copy trading, while HYCM offers an extra watchlist field; both provide strong, user-friendly platform choices.
| Feature |
OANDA
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 89 | 30 |
| Charting - Drawing Tools (Total) | 74 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
OANDA and HYCM both deliver full-featured mobile trading on iPhone and Android. Each app supports forex price alerts, real-time quote watchlists, 30 technical studies, trendline drawing, multiple time frames (daily, weekly, intraday), and auto‑saving of chart drawings. One gap they share is watchlist symbol syncing: changes made on mobile won’t sync with the online platform.
Where they differ is quality score and industry standing. OANDA’s mobile app earns 5 stars and ranks #7 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, while HYCM scores 4 stars and ranks #38. If top-rated mobile charting and overall experience are priorities, OANDA has the edge. If you already trade with HYCM, its app still covers key tools for on-the-go analysis and trade management.
| Feature |
OANDA
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
OANDA and HYCM (Henyep Capital Markets) both cover the basics for market research: daily market commentary, forex news from top-tier sources such as Bloomberg, Reuters, or Dow Jones, and an economic calendar of global events. Their toolsets differ. OANDA includes Autochartist and a sentiment tool that shows the long/short split across currency pairs and other instruments. HYCM does not have a sentiment tool and does not offer Autochartist, but it does provide research from Trading Central. Neither broker includes research from TipRanks or Acuity Trading (Signal Centre).
Independent ratings favor OANDA for research: it is rated 5 stars and ranks #5 out of 63 brokers for Research on ForexBrokers.com, while HYCM is rated 3.5 stars and ranks #36. If you want Autochartist insights and built-in sentiment data, OANDA stands out; if you prefer Trading Central’s analysis, HYCM is the fit.
| Feature |
OANDA
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
OANDA vs HYCM for beginner education: both brokers provide forex and CFD education with at least 10 pieces of content, plus a searchable archive of recorded webinars, beginner-friendly video lessons, and an investor dictionary with 50+ terms. Where they differ is in ongoing and advanced learning. OANDA runs monthly live webinars and offers at least 10 advanced trading videos, making it easier to keep learning as you progress. HYCM does not host monthly webinars and lacks a comparable advanced video library, though its basics and archived materials still support new traders.
Ratings back this up: OANDA earns 5 stars for Education and ranks #19 out of 63 brokers on ForexBrokers.com, while HYCM holds 3.5 stars and ranks #32. If you want a deeper path from beginner to more experienced skills with live sessions along the way, OANDA is the stronger pick. If you mainly need foundational lessons, a searchable webinar archive, and a helpful glossary, HYCM covers those needs.
| Feature |
OANDA
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
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 #12, while HYCM (Henyep Capital Markets) finished with an overall rank of #29.
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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OANDA allows investors to purchase actual delivered cryptocurrencies and cryptocurrency derivatives, whereas HYCM (Henyep Capital Markets) only provides the option to trade cryptocurrency derivatives.
In comparing online brokers OANDA and HYCM (Henyep Capital Markets), OANDA stands out by offering a broader range of funding options, including ACH, SEPA, and PayPal, in addition to common methods like Skrill, Visa, Mastercard, and bank wires, whereas HYCM does not provide ACH, SEPA, or PayPal but similarly supports Skrill, Visa, Mastercard, and bank wires for deposits and withdrawals.
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 (SFC 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/Central Bank 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. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | Yes | No | |
| Cryptocurrency (Derivative) | 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 | 1.69 | 1.2 | |
| All-in Cost EUR/USD - Active | 1.69 | 0.6 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | Yes | |
| 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 | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | OANDA | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | OANDA | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 89 | 30 | |
| Charting - Drawing Tools (Total) | 74 | 15 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | OANDA | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | OANDA | HYCM (Henyep Capital 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 | |
| Review | OANDA Review | HYCM (Henyep Capital Markets) Review |
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| Trust Score | 93 | 86 | |
| Winner | check_circle | ||
| Review | OANDA Review | HYCM (Henyep Capital Markets) Review |
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