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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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 comparing OANDA vs HYCM (Henyep Capital Markets) on commissions and fees, HYCM comes out ahead overall. OANDA’s trading costs are generally on the high side, with average spreads that can be more expensive than many top brokers. Its core pricing can lower spreads, but it adds commission, and the lower-cost option requires a $10,000 minimum deposit. OANDA does offer very small trade sizes and rebate perks for active traders, but its pricing is not the cheapest choice for most forex traders. OANDA’s commissions and fees rating is 4 stars, and it ranks #30 out of 36 brokers.
HYCM offers a more budget-friendly setup for many traders. Its Raw account has an all-in EUR/USD cost of about 0.6 pips after commission, which is far lower than OANDA’s typical pricing. HYCM’s Classic account starts from 1.2 pips, while its fixed-spread account is 1.5 pips, giving traders a few clear pricing options depending on their style. HYCM earns a stronger 4.5-star rating for commissions and fees and is ranked #18 out of 36 brokers.
In short, if keeping trading costs low is your main goal, HYCM is the better pick for commissions and fees. OANDA may still appeal to traders who value its execution and very small minimum trade size, but HYCM’s lower all-in costs and higher category ranking make it the more competitive choice on price.
| 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 offers a wider range of investments than HYCM (Henyep Capital Markets) overall, with 4,172 tradeable symbols compared with 1,199. Both brokers support forex trading as CFDs or spot contracts, and each provides access to U.S. and international exchange-traded securities, so clients can buy real shares such as Apple or Vodafone. That said, OANDA lists 69 forex pairs, while HYCM offers slightly more at 70, making their forex selection very similar.
Where OANDA stands out is in extra product choice: it supports copy trading and lets clients buy actual cryptocurrency as well as crypto CFDs, while HYCM offers crypto CFDs only and does not support copy trading. Reflecting this broader selection, OANDA is rated 4.5 out of 5 for Range of Investments and ranks #20 out of 36 brokers, while HYCM is rated 4 out of 5 and ranks #27.
| 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 and HYCM (Henyep Capital Markets) both give traders a solid range of platform choices, including a free demo account for practice, a proprietary in-house platform, Windows desktop software, a web-based trading platform, and support for both MetaTrader 4 and MetaTrader 5. Each broker also lets users trade directly from charts, which can make placing orders quicker and easier for active traders. For trading platforms and tools, both are rated 4 out of 5 stars by ForexBrokers.com.
Where OANDA stands out is copy trading, which HYCM does not offer. That extra feature may appeal to beginners or anyone who wants to follow other traders’ strategies. In ForexBrokers.com’s platform and tools ranking, OANDA places higher at #16 out of 36 brokers, while HYCM comes in at #32, giving OANDA the edge overall in this category.
| 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 (Henyep Capital Markets) both make it easy to trade on the go, since each broker offers iPhone and Android apps. In both mobile apps, traders can set stock or forex price alerts, use 30 technical studies for charting, draw trendlines, and have those drawings auto-saved. One drawback for both is that watchlists do not sync between the mobile app and the online account, so updates made in one place will not carry over to the other.
Where the two brokers differ most is in overall mobile app quality and industry ranking. OANDA is rated 5 stars for Mobile Trading Apps and ranks #7 out of 36 brokers at ForexBrokers.com, while HYCM is rated 4 stars and ranks #30. For traders who want a stronger-rated mobile trading experience, OANDA has the edge, even though both apps offer a similar core set of features.
| 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.
When comparing OANDA and HYCM (Henyep Capital Markets) for market research, both brokers provide useful everyday tools such as daily market commentary, forex news from top-tier sources like Bloomberg, Reuters, and Dow Jones, plus an economic calendar for tracking global events. Where OANDA stands out is in its wider research mix: it includes Autochartist tools and a sentiment gauge that shows long-versus-short positioning across markets. HYCM, on the other hand, offers Trading Central research tools, which OANDA does not.
Overall, OANDA has the edge for research, earning 5 stars and ranking #4 out of 36 brokers in ForexBrokers.com’s research category, while HYCM is rated 3.5 stars and ranks #29. For traders who want a broader set of market research features, OANDA may be the stronger choice, while HYCM still covers the basics well and adds Trading Central for chart and trade ideas.
| 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.
For beginners looking for trading education, OANDA comes out ahead of HYCM (Henyep Capital Markets). OANDA offers forex and CFDs education with at least 10 learning pieces, monthly online client webinars, and more than 10 beginner videos plus more than 10 advanced videos for traders who want to keep learning. This wider mix of forex education, CFDs education, and live webinars makes OANDA a stronger pick for newcomers who want ongoing support and easy-to-follow learning content.
HYCM also provides beginner trading videos and does offer forex or CFDs education, but it falls behind OANDA in a few key areas that matter to new traders. HYCM does not offer monthly educational webinars and does not have at least 10 advanced educational videos, which limits its learning options compared with OANDA. That difference is reflected in their Education scores too: OANDA is rated 5 stars and ranks #18 out of 36 brokers, while HYCM is rated 3.5 stars and ranks #27 out of 36 brokers for education.
| 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 | 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.
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 | 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) | 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 | 92 | 85 | |
| Winner | check_circle | ||
| Review | OANDA Review | HYCM (Henyep Capital Markets) Review |
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