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.
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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 comparing OANDA and HYCM in terms of commissions and fees, both platforms offer unique advantages and drawbacks for traders. OANDA generally has higher trading costs, with spreads on forex trading that tend to be steeper than some of the top brokers in the industry. The platform provides a core pricing structure that features lower spreads but includes a commission per trade, making the all-in cost somewhat competitive. For small-scale traders, OANDA offers trading on a micro level, allowing for minimal contract sizes. For its commissions and fees, OANDA has earned a 4-star rating and is ranked #34 out of 63 brokers by ForexBrokers.com.
In contrast, HYCM provides a more attractive cost structure, particularly for its Raw account. The all-in cost for trading the EUR/USD starts at about 0.6 pips after including the commission, which is lower than the effective costs associated with OANDA’s core pricing. Hycm also offers different account types, with its Classic account featuring variable spreads from 1.2 pips and a fixed-spread account starting at 1.5 pips. HYCM has received a slightly better rating of 4.5 stars and holds a higher ranking, positioned at #15 among 63 brokers according to ForexBrokers.com.
| Feature |
OANDA
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $0 | $20 |
| Average Spread EUR/USD - Standard | 1.61 | 1.2 |
| All-in Cost EUR/USD - Active | 1.61 | 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 are both popular choices for online trading, each offering unique strengths in their range of investment options. OANDA provides traders with an extensive selection of 3,928 tradeable symbols, including 68 forex pairs for those focused on currency exchange. While OANDA does not offer exchange-traded securities from U.S. or international exchanges, it does allow users to purchase actual cryptocurrencies, appealing to enthusiasts of digital assets. Additionally, OANDA supports copy trading, allowing investors to mimic the trades of successful traders easily.
In comparison, HYCM provides 1,199 tradeable symbols, featuring 70 forex pairs, which may be slightly more appealing to those interested in a broader array of currency pairs. Unlike OANDA, HYCM offers exchange-traded securities from both U.S. and international markets, such as buying shares of big-name companies like Apple or Vodafone. However, HYCM does not support the purchase of actual cryptocurrencies or copy trading, which could be a downside for those seeking these specific options. Despite these differences, both brokers are rated at four stars for their range of investments by ForexBrokers.com, with OANDA slightly outpacing HYCM in their rankings at #27 versus #33 out of 63 brokers evaluated.
| Feature |
OANDA
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 3928 | 1199 |
| Forex Pairs (Total) | 68 | 70 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | No | 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 both offer traders access to versatile trading platforms and tools, making them suitable choices for both beginners and seasoned traders. Each broker provides simulated trading through a free demo account and has developed proprietary platforms. Both brokers also cater to various trader preferences with their Windows-based desktop platforms and web-based platforms, ensuring flexibility in how trades are executed. While both brokers support the popular MetaTrader 4 and MetaTrader 5 platforms, only OANDA allows investors to engage in copy trading, which can be a significant advantage for those looking to mirror the strategies of experienced traders.
One key difference lies in the range of charting tools offered; OANDA surpasses HYCM with 431 drawing tools, compared to HYCM's 15. This can offer a more detailed technical analysis experience for those reliant on charting. Additionally, OANDA provides a streamlined experience with the ability to trade directly from a stock chart, a feature HYCM also offers. Despite their similarities, OANDA ranks higher in ForexBrokers.com's Trading Platforms and Tools comparison, securing the 15th spot among 63 brokers, while HYCM is ranked 40th. Each broker garners a respectable 4-star rating for their platforms, indicating general satisfaction among users in terms of trading functionalities.
| 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) | 81 | 30 |
| Charting - Drawing Tools (Total) | 431 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading apps, both OANDA and HYCM offer convenient solutions for trading on the go, catering to users on iPhone and Android devices. These apps provide crucial features for traders, including the ability to receive stock or forex price alerts and to create watchlists with real-time quotes. While both platforms allow users to draw trendlines and view multiple time frames on charts, they fall short when it comes to syncing watchlist symbols between the mobile app and the online account, meaning users have to manually update their watchlists on each platform separately.
Both OANDA and HYCM enable traders to perform technical analysis on their mobile apps by offering 30 technical studies and allow chart drawings to be saved automatically. However, OANDA earns an edge with a higher mobile app rating of five stars compared to HYCM's four stars, according to ForexBrokers.com. Additionally, OANDA is ranked 7th among 63 brokers in the Mobile Trading Apps category, positioning it significantly higher than HYCM, which sits at rank 37. These differences highlight OANDA’s superior position in mobile trading app performance and user satisfaction compared to HYCM.
| 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 both provide comprehensive market research for traders looking to stay informed. Each platform offers daily market commentary and access to forex news from esteemed sources like Bloomberg and Reuters. However, when it comes to technical analysis tools, OANDA partners with Autochartist, while HYCM collaborates with Trading Central for their analytical needs. OANDA also provides a unique sentiment-based trading tool, which HYCM does not offer. In terms of economic calendars, both brokers ensure traders know about significant global news events affecting various economies.
When evaluating overall research capabilities, OANDA stands out, earning a 5-star research rating and ranking #5 out of 63 brokers on ForexBrokers.com. In comparison, HYCM receives a 3.5-star rating and is positioned at #35 in the same category. This highlights OANDA's stronger reputation in delivering top-notch educational resources and market analysis for traders seeking detailed insights and strategic guidance.
| 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.
When comparing the educational resources available for beginners, OANDA and HYCM (Henyep Capital Markets) both offer more than ten educational pieces, such as articles and videos, focused on forex or CFDs. However, OANDA stands out by offering monthly online educational webinars, whereas HYCM does not provide this benefit. Additionally, both brokers have searchable archives of recorded webinars, making it easy for learners to review past materials at their convenience.
Beginner traders will find a range of educational videos available from both brokers. While OANDA provides over ten videos catering specifically to both beginners and experienced traders, HYCM only covers beginner topics. Moreover, both brokers offer an investor dictionary with more than 50 terms defined, aiding newcomers in understanding trading jargon. With these offerings, OANDA earns a higher education rating of 5 stars, compared to HYCM's 3.5 stars, and is ranked higher by ForexBrokers.com, sitting at #22 compared to HYCM's #32.
| 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 | |
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| Review | OANDA Review | HYCM (Henyep Capital Markets) Review |
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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) | No | No | |
| 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) | No | No | |
| 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) | No | No |
| Investments | OANDA | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 3928 | 1199 | |
| Forex Pairs (Total) | 68 | 70 | |
| U.S. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | No | 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 | 1.61 | 1.2 | |
| All-in Cost EUR/USD - Active | 1.61 | 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) | 81 | 30 | |
| Charting - Drawing Tools (Total) | 431 | 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 |
| 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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