menuclose
Back to Main Menu
ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Learn How We Make Money

OANDA vs HYCM (Henyep Capital Markets) 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

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.

OANDA
4.5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 93
  • Tradeable Symbols (Total): 4172 info
HYCM (Henyep Capital Markets)
4/5 Stars Overall
  • Minimum Deposit: $20
  • Trust Score: 86
  • Tradeable Symbols (Total): 1199

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.

Regulation

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 logoOANDA
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Year Founded info 1996 1977
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 7 2
Tier-2 Licenses info 0 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1

Fees

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 logoOANDA
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Minimum Deposit info $0 $20
Average spread (EUR/USD) - Standard account info 1.69 info 1.2 info
All-in Cost EUR/USD - Active info 1.69 info 0.6 info
Non-wire bank transfer info Yes info No
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

OANDA and HYCM (Henyep Capital Markets) both support forex trading as a CFD or spot contract (availability can vary by region). OANDA lists 4,172 tradeable symbols with 69 forex pairs, while HYCM offers 1,199 symbols with 70 forex pairs. Each broker also provides access to exchange-traded securities (not CFDs) on U.S. exchanges—so you can buy shares like Apple—as well as on international exchanges, such as London-listed stocks.

On the extras front, OANDA supports copy trading and lets you buy actual cryptocurrency in addition to trading crypto via CFDs. HYCM does not offer copy trading or delivered crypto, but it does support crypto CFDs. In ForexBrokers.com’s Range of Investments category, both earn 4 stars; OANDA ranks 28th out of 63 brokers, while HYCM ranks 34th.

Feature OANDA logoOANDA
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Forex Trading (Spot or CFDs) info Yes info Yes
Tradeable Symbols (Total) info 4172 info 1199
Forex Pairs (Total) info 69 70
U.S. Stocks (Shares) info Yes Yes
Global Stocks (Non-U.S. Shares) info Yes Yes
Copy Trading info Yes info No
Cryptocurrency (Underlying) info Yes No
Cryptocurrency (CFDs) info Yes info 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.

Trading platforms and tools

Comparing OANDA and HYCM for trading platforms and tools: both brokers offer free demo accounts for paper trading, as well as proprietary in-house platforms alongside MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Each provides a Windows desktop download and a web-based platform, and both let you place trades directly from charts. One key difference is copy trading—OANDA supports it, while HYCM does not.

According to ForexBrokers.com, both brokers earn 4 stars for Trading Platforms and Tools, but OANDA ranks higher at 15th out of 63 brokers, compared with HYCM at 41st. If copy trading and a higher category ranking matter to you, OANDA may be the better fit. If you simply want MT4/MT5 plus a proprietary platform and a demo account, both OANDA and HYCM check those boxes.

Feature OANDA logoOANDA
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes info No
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes info Yes
Charting - Indicators / Studies (Total) info 89 30
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

OANDA and HYCM (Henyep Capital Markets) both deliver full-featured mobile trading apps for iPhone and Android. Each app supports price alerts, 30 built-in technical indicators, trendline drawing on charts, and automatic saving of chart annotations. One shared drawback is watchlist syncing: neither broker syncs watchlist symbols between the mobile app and the web platform.

Where they differ is in quality ratings. OANDA’s mobile trading app earns 5 stars and ranks #7 out of 63 brokers in the Mobile Trading Apps category at ForexBrokers.com. HYCM’s app earns 4 stars and ranks #38 out of 63. If ratings and overall app experience are priorities, OANDA has the edge, while HYCM still covers the core tools traders expect on the go.

Feature OANDA logoOANDA
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info No No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

OANDA and HYCM both cover the essentials for market research. Each provides daily market commentary, real-time forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, and an economic calendar to track upcoming events. That makes either broker a solid pick for staying on top of headlines and data that can move currency markets.

Their research tools set them apart. OANDA includes Autochartist for pattern spotting and a client sentiment tool that shows the share of long vs. short positions, while HYCM offers Trading Central but does not include Autochartist or a sentiment gauge. Neither broker features TipRanks or Acuity Trading tools. For overall quality, ForexBrokers.com rates OANDA at 5 stars and ranks it #4 out of 63 brokers for research, while HYCM earns 3.5 stars and ranks #36—giving OANDA the edge if you want deeper tools and trader sentiment insights.

Feature OANDA logoOANDA
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central info No Yes
Client sentiment data info Yes No
TipRanks info No No
Acuity Trading info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

Comparing OANDA vs HYCM for beginner education, both brokers offer sizable libraries of beginner videos covering trading basics, so newcomers have plenty to watch. OANDA sets itself apart with ongoing client webinars (at least once a month), giving learners a chance to ask questions and learn live—something HYCM does not currently provide. As you progress, OANDA also features 10+ advanced videos for more experienced traders, while HYCM falls short on advanced video depth.

These differences show up in third-party evaluations: OANDA earns 5 stars for Education and ranks #19 out of 63 brokers with ForexBrokers.com, while HYCM holds 3.5 stars and ranks #32. If you want a learning path that includes live sessions and room to grow into advanced topics, OANDA is the stronger pick; if you only need beginner videos, HYCM can still get you started.

Feature OANDA logoOANDA
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Webinars info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No

Dive deeper: Best Forex Brokers for Beginners.

Winner

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 logoOANDA
HYCM (Henyep Capital Markets) logoHYCM (Henyep Capital Markets)
Overall Rating info 4.5/5 Stars 4/5 Stars
Trust Score info 93 86
Range of Investments 4/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4.5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Education 4/5 Stars 4/5 Stars

FAQs

Can you trade cryptocurrency with OANDA or HYCM (Henyep Capital Markets)?

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.

What funding options does each broker offer?

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.

More Comparisons

OANDA vs Octa OANDA vs Charles Schwab OANDA vs Alpari OANDA vs Interactive Brokers OANDA vs eToro OANDA vs FXGT.com HYCM (Henyep Capital Markets) vs FOREX.com HYCM (Henyep Capital Markets) vs IG HYCM (Henyep Capital Markets) vs Pepperstone HYCM (Henyep Capital Markets) vs Alpari HYCM (Henyep Capital Markets) vs DooPrime HYCM (Henyep Capital Markets) vs OANDA

Show all



announcementPlease 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.

Select Brokers

↓×
  • check_box_outline_blankcheck_boxActivTrades
  • check_box_outline_blankcheck_boxACY Securities
  • check_box_outline_blankcheck_boxAdmirals
  • check_box_outline_blankcheck_boxAlpari
  • check_box_outline_blankcheck_boxATFX
  • check_box_outline_blankcheck_boxAvaTrade
  • check_box_outline_blankcheck_boxAxi
  • check_box_outline_blankcheck_boxBDSwiss
  • check_box_outline_blankcheck_boxBlackBull Markets
  • check_box_outline_blankcheck_boxCapital.com
  • check_box_outline_blankcheck_boxCharles Schwab
  • check_box_outline_blankcheck_boxCity Index
  • check_box_outline_blankcheck_boxCMC Markets
  • check_box_outline_blankcheck_boxDooPrime
  • check_box_outline_blankcheck_boxEarn
  • check_box_outline_blankcheck_boxeasyMarkets
  • check_box_outline_blankcheck_boxEightcap
  • check_box_outline_blankcheck_boxeToro
  • check_box_outline_blankcheck_boxExness
  • check_box_outline_blankcheck_boxFineco
  • check_box_outline_blankcheck_boxFOREX.com
  • check_box_outline_blankcheck_boxFP Markets
  • check_box_outline_blankcheck_boxFXCM
  • check_box_outline_blankcheck_boxFXGT.com
  • check_box_outline_blankcheck_boxFXOpen
  • check_box_outline_blankcheck_boxFXPrimus
  • check_box_outline_blankcheck_boxFxPro
  • check_box_outline_blankcheck_boxGBE brokers
  • check_box_outline_blankcheck_boxHFM
  • check_box_outline_blankcheck_boxHYCM (Henyep Capital Markets)
  • check_box_outline_blankcheck_boxIC Markets
  • check_box_outline_blankcheck_boxIFC Markets
  • check_box_outline_blankcheck_boxiFOREX
  • check_box_outline_blankcheck_boxIG
  • check_box_outline_blankcheck_boxInteractive Brokers
  • check_box_outline_blankcheck_boxIronFX
  • check_box_outline_blankcheck_boxIUX
  • check_box_outline_blankcheck_boxLegacyFX
  • check_box_outline_blankcheck_boxLibertex (Forex Club)
  • check_box_outline_blankcheck_boxMarkets.com
  • check_box_outline_blankcheck_boxMarkets4you
  • check_box_outline_blankcheck_boxMoneta Markets
  • check_box_outline_blankcheck_boxMultiBank
  • check_box_outline_blankcheck_boxOANDA
  • check_box_outline_blankcheck_boxOcta
  • check_box_outline_blankcheck_boxPepperstone
  • check_box_outline_blankcheck_boxPlus500
  • check_box_outline_blankcheck_boxQuestrade
  • check_box_outline_blankcheck_boxRoboForex
  • check_box_outline_blankcheck_boxSaxo
  • check_box_outline_blankcheck_boxSpreadex
  • check_box_outline_blankcheck_boxSwissquote
  • check_box_outline_blankcheck_boxThinkMarkets
  • check_box_outline_blankcheck_boxTickmill
  • check_box_outline_blankcheck_boxTMGM
  • check_box_outline_blankcheck_boxTopFX
  • check_box_outline_blankcheck_boxTrade Nation
  • check_box_outline_blankcheck_boxTrading 212
  • check_box_outline_blankcheck_boxVantage
  • check_box_outline_blankcheck_boxVT Markets
  • check_box_outline_blankcheck_boxXM Group
  • check_box_outline_blankcheck_boxXTB
  • check_box_outline_blankcheck_boxXtrade

Compare

0 of 5
× OANDA
× HYCM (Henyep Capital Markets)
Sponsored

+ Add Broker

Close Menu ×

navigate_before navigate_next
Overall Rating OANDA HYCM (Henyep Capital Markets)
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4.5/5 Stars
Range of Investments 4/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 93 86
Winner check_circle
Review OANDA Review HYCM (Henyep Capital Markets) Review
Broker Screenshots OANDA HYCM (Henyep Capital Markets)
Broker Gallery (click to expand) info
OANDA fxTrade mobile trading app charting OANDA Trade web platform. OANDA's website features research in the form of its MarketPulse blog, which includes news, analysis, and articles. The OANDA website's educational hub features webinars and videos covering current events and financial analysis.
HYCM MT5 desktop trading platform HYCM client portal Analyst Views market analysis HYCM YouTube channel videos.
Regulation OANDA HYCM (Henyep Capital Markets)
Trust Score info 93 86
Year Founded info 1996 1977
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-1 Licenses info 7 2
Tier-2 Licenses info 0 1
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1
Tier-1 Licenses (Highly Trusted) OANDA HYCM (Henyep Capital Markets)
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info Yes No
Hong Kong (SFC Authorised) info No Yes
Japan (SFC Authorised) info Yes No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info Yes Yes
USA (CFTC Authorized) info Yes No
New Zealand (FMA Authorised) info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-2 Licenses (Trusted) OANDA HYCM (Henyep Capital Markets)
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA, FSRA, or SCA Authorised) info No Yes
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments OANDA HYCM (Henyep Capital Markets)
Forex Trading (Spot or CFDs) info Yes info Yes
Tradeable Symbols (Total) info 4172 info 1199
Forex Pairs (Total) info 69 70
U.S. Stocks (Shares) info Yes Yes
Global Stocks (Non-U.S. Shares) info Yes Yes
Copy Trading info Yes info No
Cryptocurrency (Underlying) info Yes No
Cryptocurrency (CFDs) info Yes info 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 info 1.69 info 1.2 info
All-in Cost EUR/USD - Active info 1.69 info 0.6 info
Inactivity Fee info Yes No
Order execution: Agency info No Yes
Order execution: Market Maker info Yes Yes
Funding OANDA HYCM (Henyep Capital Markets)
Minimum Deposit info $0 $20
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info Yes info No
Trading Platforms OANDA HYCM (Henyep Capital Markets)
Proprietary Desktop Trading Platform info Yes Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes info No
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes info Yes
cTrader info No No
Trading Tools OANDA HYCM (Henyep Capital Markets)
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 89 30
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading OANDA HYCM (Henyep Capital Markets)
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info No No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes
Mobile Research - Economic Calendar info Yes Yes
Research OANDA HYCM (Henyep Capital Markets)
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes Yes
Autochartist info Yes No
Trading Central info No Yes
TipRanks info No No
Client sentiment data info Yes No
Economic Calendar info Yes Yes
Education OANDA HYCM (Henyep Capital Markets)
Webinars info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Major Forex Pairs OANDA HYCM (Henyep Capital Markets)
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review OANDA Review HYCM (Henyep Capital Markets) Review
Overall OANDA HYCM (Henyep Capital Markets)
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 4/5 Stars 4.5/5 Stars
Range of Investments 4/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 3.5/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 93 86
Winner check_circle
Review OANDA Review HYCM (Henyep Capital Markets) Review
arrow_upward

close
navigate_before navigate_next