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 the commission and fee structures of online brokers OANDA and HYCM, significant differences emerge between the two. OANDA is known for its steep forex trading costs, maintaining high effective spreads across both its default and core pricing models. Although OANDA isn't classified as a discount broker, it excels in offering automated execution across its account types. The spreads are similar to those of brokers like FOREX.com and FxPro, yet their minimum spread costs might be slightly higher. However, under the core pricing model, clients can enjoy lower spreads along with a commission of $5 per $100,000 worth of currency, improving the overall cost when compared to the default pricing model. OANDA offers innovative features like trading micro lots as small as 1 unit and a rebate program for elite traders. Rated 4 stars, OANDA ranks #34 out of 62 brokers by ForexBrokers.com for commissions and fees, due in part to its unique pricing transparency initiatives.
On the other hand, HYCM (Henyep Capital Markets) presents competitive pricing with its Raw account, showcasing an all-in cost of approximately 0.6 pips for the popular EUR/USD pair after commissions. HYCM's other offerings include the Classic account with variable spreads starting at 1.2 pips and a fixed-spread account with a rate of 1.5 pips. With these varied pricing options, HYCM makes it possible for traders to find a plan that suits their specific trading needs. Its Raw account, in particular, stands out as an attractive option for cost-conscious traders. HYCM earns a higher commission and fees rating of 4.5 stars and holds a #15 ranking out of 62 brokers, giving it an edge over OANDA in this area.
Both OANDA and HYCM offer distinct commission and fee structures that cater to different types of traders. While OANDA provides some unique advantages, such as micro-lot trading and rebate programs, HYCM's more cost-effective Raw account and higher ranking demonstrate its strong appeal. When choosing between the two, traders should weigh their priorities, be it cost efficiency or special programs, to select the broker that aligns best with their trading strategy.
| 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 both offer forex trading through CFDs or spot contracts, making them appealing to forex enthusiasts. OANDA provides a substantial array of 3,928 tradeable symbols, surpassing HYCM’s selection of 1,199. However, HYCM edges slightly ahead when it comes to tradeable forex pairs, offering 70 compared to OANDA's 68. For investors interested in traditional equities, HYCM stands out with the ability to buy exchange-traded securities on both U.S. and international exchanges, a feature OANDA does not provide.
When it comes to cryptocurrency, both brokers allow trading through derivatives, but only OANDA lets clients purchase actual cryptocurrencies. A key difference is in copy trading, a feature available with OANDA, offering a more social approach to investment for those interested. Despite these differences, both OANDA and HYCM have earned a four-star rating for their range of investments. According to ForexBrokers.com, OANDA ranks at number 27, slightly ahead of HYCM, which sits at position 33 out of 62 brokers reviewed. Whether you prioritize variety in tradeable symbols or the convenience of buying traditional securities, each platform provides distinct advantages tailored to different investor needs.
| 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 a range of trading platforms and tools that cater to traders at all levels, including free virtual demo accounts. Both brokers provide proprietary trading platforms developed in-house, along with options for Windows-based desktop downloads and web-based browser platforms, ensuring flexibility for users. MetaTrader 4 and MetaTrader 5 are supported by each, offering powerful, globally recognized platforms for trading. However, OANDA gives traders the advantage with its copy trading feature, which is absent from HYCM's offerings. While neither broker supports DupliTrade or ZuluTrade, OANDA stands out in charting capabilities with a significantly higher number of drawing tools—431 compared to HYCM's 15—and enables trading directly from stock charts, a feature shared by both brokers.
When it comes to customizing watch lists, HYCM edges slightly ahead with the option of seven fields over OANDA's six. Despite this, both OANDA and HYCM receive solid ratings of four out of five stars for their trading platforms and tools. However, OANDA ranks higher in the industry, standing at #15 out of 62 brokers, as per ForexBrokers.com, whereas HYCM is positioned at #40. This discrepancy might influence traders who prioritize a platform's reputation and user experience. Overall, OANDA's combination of tools and flexibility, along with its superior ranking, may make it a more appealing choice for traders seeking a comprehensive trading environment.
| 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.
OANDA and HYCM both cater to traders on the go with their streamlined mobile trading apps, available on iPhone and Android. Both platforms offer essential features like price alerts and the ability to draw trendlines on charts, alongside viewing multiple time frames to provide flexibility during trading sessions. Users can also create watchlists with real-time quotes, though neither app supports synchronized watchlist syncing between mobile and desktop platforms. When it comes to technical studies for charting, both OANDA and HYCM provide 30 options, along with auto-saving chart drawings, ensuring traders don’t lose their work.
Despite the similarities, OANDA edges ahead with a perfect five-star rating for its mobile trading app, ranking #7 among 62 brokers according to ForexBrokers.com. In contrast, HYCM holds a four-star rating and a #37 ranking. These distinctions suggest that while HYCM’s app performs well, OANDA offers a superior mobile trading experience, appreciated by a broader user base for its features and usability.
| 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.
When comparing OANDA and HYCM (Henyep Capital Markets) in terms of market research offerings, both brokers provide valuable insights, but with notable differences. OANDA and HYCM both offer daily market commentary and access to forex news from leading sources such as Bloomberg and Reuters. However, OANDA goes further by providing technical analysis tools from Autochartist, and a sentiment-based trading tool that shows the ratio of long or short positions in currency pairs. HYCM offers technical analysis tools from Trading Central but lacks the sentiment-based trading tool available with OANDA.
Both OANDA and HYCM feature economic calendars that display news events from around the world, which are essential for traders looking to stay informed on market changes. Despite these similarities, OANDA's market research capabilities are rated higher, receiving a five-star rating compared to HYCM's 3.5 stars. According to ForexBrokers.com, OANDA ranks impressively at number five out of 62 brokers in the research category, while HYCM holds the number 35 spot, indicating a noticeable difference in the quality and breadth of research tools offered by the two brokers.
| 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 offered by OANDA and HYCM for beginners, both brokers provide a variety of learning materials on forex and CFDs. OANDA excels with its regular monthly webinars, providing a dynamic learning experience that HYCM does not match. Additionally, OANDA offers a comprehensive library of advanced educational videos and a wide range of resources tailored specifically for beginner traders. Both brokers provide a searchable archive of past webinars and have an extensive investor dictionary covering over 50 investing terms.
Despite these similarities, OANDA ranks higher for education, boasting a 5-star rating compared to HYCM's 3.5 stars. Moreover, OANDA stands out by offering a richer collection of advanced tutorials, which may appeal to traders looking to enhance their expertise over time. In rankings by ForexBrokers.com, OANDA is positioned at #22 out of 62, significantly ahead of HYCM, which sits at #32. Such distinctions make OANDA a slightly more attractive option for beginner traders seeking educational resources.
| 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 62 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 |
| 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) | 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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