Written by ForexBrokers.com
In this head to head comparison of HYCM (Henyep Capital Markets) vs Octa, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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HYCM (Henyep Capital Markets) vs Octa: HYCM was founded in 1977, while Octa started in 2011. Neither broker is publicly traded or a bank, so safety relies on regulation and third‑party trust ratings.
In terms of regulation, HYCM holds 2 Tier-1 licenses and 1 Tier-2 license; Octa holds 1 Tier-1 and 1 Tier-2. According to ForexBrokers.com, HYCM’s Trust Score is 85/99 (80–89 = trusted), while Octa’s is 73/99 (70–79 = average risk). These scores, along with the number of Tier-1 licenses, help indicate the level of oversight each broker operates under.
| Feature |
HYCM (Henyep Capital Markets)
|
Octa
|
|---|---|---|
| Year Founded | 1977 | 2011 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
HYCM (Henyep Capital Markets) earns a 4.5-star rating and ranks #18 out of 36 brokers for commissions and fees, helped by its low-cost Raw account. That account has an all-in EUR/USD cost of about 0.6 pips after commission, which is competitive for active traders. HYCM’s Classic account is more expensive, with variable spreads from 1.2 pips, while its fixed-spread account is listed at 1.5 pips.
Octa is rated 4 stars and ranks #26 out of 36 in the commissions and fees category. It has improved its pricing over time and now comes close to some of the lowest-cost MetaTrader brokers. Octa’s average EUR/USD spread is listed at 0.5 pips for its EU entity and 0.9 pips for its international entities, though the broker does not provide a date range for those figures, which makes direct comparison less certain.
Overall, HYCM has the edge on the strength of its Raw account pricing, while Octa offers low spreads in some regions and no overnight carry costs. Still, Octa’s pricing can vary by account type and entity, and its trading limits may be less attractive for high-frequency traders.
| Feature |
HYCM (Henyep Capital Markets)
|
Octa
|
|---|---|---|
| Minimum Deposit | $20 | $25 |
| Average spread (EUR/USD) - Standard account | 1.3 | 0.9 |
| All-in Cost EUR/USD - Active | 0.6 | N/A |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
HYCM (Henyep Capital Markets) offers a wider range of investments than Octa overall. Both brokers support forex trading as CFDs or spot contracts, and both let clients trade cryptocurrency CFDs. However, HYCM stands out with 1,199 tradable symbols and 70 forex pairs, compared with Octa’s 300 symbols and 35 forex pairs. HYCM also gives access to exchange-traded securities on both U.S. and international exchanges, while Octa offers international exchange-traded shares only.
Another key difference is that Octa supports copy trading, while HYCM does not. Neither broker allows clients to buy actual, delivered cryptocurrency. Based on ForexBrokers.com’s Range of Investments category, HYCM is rated 4 out of 5 stars and ranks #27 out of 36 brokers, while Octa is rated 3.5 stars and ranks #33 out of 36. Overall, HYCM provides more choice for investors looking for a broader selection of markets and instruments.
| Feature |
HYCM (Henyep Capital Markets)
|
Octa
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 300 |
| Forex Pairs (Total) | 70 | 35 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | No | Yes |
| Cryptocurrency (Underlying) | No | 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.
HYCM (Henyep Capital Markets) and Octa both give traders a solid set of platform choices, including a free demo account, their own in-house platform, desktop software for Windows, web-based access, and support for MetaTrader 4 and MetaTrader 5. Each broker also lets users trade directly from charts, which can make it easier to react quickly while watching price moves. Based on Trading Platforms and Tools, both brokers are rated 4 out of 5 stars, so they are fairly evenly matched for everyday trading needs.
The main difference is that Octa offers copy trading, while HYCM does not. That may matter for beginners who want to follow other traders, or for those looking for a more hands-off option. In ForexBrokers.com’s ranking for this category, Octa places slightly higher at #30 out of 36 brokers, compared with HYCM at #32, giving Octa a small edge overall in trading platforms and tools.
| Feature |
HYCM (Henyep Capital Markets)
|
Octa
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
HYCM (Henyep Capital Markets) and Octa both give mobile traders a similar experience overall. Each broker offers iPhone and Android apps, stock and forex price alerts, 30 technical studies for charting, trendline drawing, and automatic saving of chart drawings. Both apps are also rated 4 out of 5 stars for mobile trading apps, so either choice should feel familiar for everyday trading on the go.
The main difference is ranking: Octa places slightly higher at #29 out of 36 brokers, while HYCM comes in at #30. Neither broker offers watchlist symbol syncing between the mobile app and online account, so watchlists do not carry over automatically. If that feature matters most to you, neither app has it, but if you mainly want basic mobile trading tools, the two brokers are very evenly matched.
| Feature |
HYCM (Henyep Capital Markets)
|
Octa
|
|---|---|---|
| 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.
HYCM (Henyep Capital Markets) and Octa both give traders useful market research basics, including daily market commentary, forex news from major sources like Bloomberg, Reuters, or Dow Jones, and an economic calendar for tracking key global events. Neither broker offers sentiment tools that show long-versus-short positioning, TipRanks research, or Acuity Trading tools. The main difference is in third-party analysis: HYCM includes Trading Central for technical research, while Octa offers Autochartist instead.
For overall research quality, Octa has a slight edge. It is rated 4 stars for Research and ranks #24 out of 36 brokers at ForexBrokers.com, while HYCM is rated 3.5 stars and ranks #29 out of 36. For traders who want a wider mix of research tools, Octa may be the better pick, but HYCM still covers the core market updates many beginners and active traders need.
| Feature |
HYCM (Henyep Capital Markets)
|
Octa
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central | Yes | No |
| Client sentiment data | No | No |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners looking to learn forex and CFD trading, HYCM (Henyep Capital Markets) and Octa both offer a decent starting point, but their education styles differ. HYCM provides at least 10 beginner-focused trading videos, which is helpful for new traders who want simple, easy-to-follow lessons. However, it does not offer monthly educational webinars and does not appear to have the same depth of forex or CFD education content as some larger rivals. Octa also offers at least 10 beginner videos, but it goes further by providing monthly educational webinars, giving new traders a chance to learn from live sessions and ask questions in real time.
When looking beyond the basics, Octa has the stronger overall education offering because it also includes at least 10 advanced videos for more experienced traders, while HYCM does not. That said, ForexBrokers.com rates HYCM slightly lower at 3.5 out of 5 stars for education and places it 27th out of 36 brokers, while Octa is rated 4 out of 5 stars but ranked 32nd out of 36. In simple terms, Octa appears to give beginners more ways to learn, especially through webinars and advanced content, while HYCM offers useful beginner material but less variety overall.
| Feature |
HYCM (Henyep Capital Markets)
|
Octa
|
|---|---|---|
| Webinars | No | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that HYCM (Henyep Capital Markets) is better than Octa. HYCM (Henyep Capital Markets) finished with an overall rank of #26, while Octa finished with an overall rank of #34.
HYCM is a trusted brand that offers a straightforward MetaTrader platform experience. Its Raw account delivers competitive pricing, and traders gain access to third-party modules from Trading Central as well as exchange-traded securities (available through a separate platform).
| Feature |
HYCM (Henyep Capital Markets)
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Octa
|
|---|---|---|
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| Trust Score | 85 | 73 |
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HYCM (Henyep Capital Markets) vs Octa: both brokers support trading cryptocurrency CFDs, while neither offers the ability to buy and take delivery of actual cryptocurrencies.
In a quick payment-methods comparison of forex brokers HYCM (Henyep Capital Markets) and Octa, neither supports ACH or SEPA transfers or PayPal, both support Skrill and bank wire deposits/withdrawals, and Visa/Mastercard availability is not specified.
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 | HYCM (Henyep Capital Markets) | Octa | |
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| Trust Score | 85 | 73 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | Octa Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | Octa | |
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| Regulation | HYCM (Henyep Capital Markets) | Octa | |
|---|---|---|---|
| Trust Score | 85 | 73 | |
| Year Founded | 1977 | 2011 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | HYCM (Henyep Capital Markets) | Octa | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | HYCM (Henyep Capital Markets) | Octa | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or CMA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | HYCM (Henyep Capital Markets) | Octa | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1199 | 300 | |
| Forex Pairs (Total) | 70 | 35 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | No | Yes | |
| Cryptocurrency (Underlying) | No | 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 | HYCM (Henyep Capital Markets) | Octa | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.3 | 0.9 | |
| All-in Cost EUR/USD - Active | 0.6 | N/A | |
| Inactivity Fee | No | No | |
| Order execution: Agency | Yes | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | HYCM (Henyep Capital Markets) | Octa | |
|---|---|---|---|
| Minimum Deposit | $20 | $25 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| Trading Platforms | HYCM (Henyep Capital Markets) | Octa | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | HYCM (Henyep Capital Markets) | Octa | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | HYCM (Henyep Capital Markets) | Octa | |
|---|---|---|---|
| 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 | HYCM (Henyep Capital Markets) | Octa | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central | Yes | No | |
| TipRanks | No | No | |
| Client sentiment data | No | No | |
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | Octa | |
|---|---|---|---|
| Webinars | No | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | Octa | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | HYCM (Henyep Capital Markets) Review | Octa Review |
| Overall | HYCM (Henyep Capital Markets) | Octa | |
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| Trust Score | 85 | 73 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | Octa Review |
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