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.
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.
HYCM (Henyep Capital Markets), established in 1977, and Octa, founded in 2011, are both private online brokers, neither of which are publicly traded or function as banks. When it comes to regulation, HYCM stands out with two Tier-1 licenses, signaling a high level of trust accorded by ForexBrokers.com. Octa, on the other hand, possesses one Tier-1 license. Additionally, both brokers have one Tier-2 license each, reflecting a reliable standing in the industry.
In terms of overall trust ratings from ForexBrokers.com, HYCM garners a score of 86, placing it in the trusted category, whereas Octa comes in with a score of 72, indicating an average risk level. This difference in trust scores highlights a greater regulatory confidence in HYCM compared to Octa. Both brokers provide a secure platform for investors, yet HYCM’s longer history and higher trust rating might appeal to those seeking added assurance.
| 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) keeps commissions and fees straightforward. Its Raw account is priced competitively at about 0.6 pips all-in on EUR/USD (after commission). The Classic account uses variable spreads starting from 1.2 pips, while the fixed-spread account sits at 1.5 pips. For this category, HYCM earns 4.5 out of 5 stars and ranks #16 out of 63 brokers with ForexBrokers.com.
Octa has improved its pricing and now competes more closely with low-cost MetaTrader brokers. Spreads vary by the entity you trade under: the EU entity lists an average 0.5 pips on EUR/USD, versus about 0.9 pips with its foreign entities, though the published averages don’t include a date range. Octa also highlights no slippage on 97.5% of orders and no overnight carry costs, but certain rules can limit high-frequency strategies. Account options differ by region: the EU focuses on one MT5 account, while foreign entities offer MT4, MT5, and OctaTrader. Octa is rated 4 out of 5 stars and ranks #30 out of 63 for commissions and fees.
Comparing the two on costs, HYCM’s Raw account shows a clear all-in 0.6 pips on EUR/USD, while Octa’s EU spread claim of 0.5 pips could be slightly cheaper on paper but is harder to verify without a date range, and pricing can change by entity. HYCM’s tiered options (Raw, Classic, fixed) make it easy to match costs to your trading style, whereas Octa’s strengths include potential savings from no overnight charges and high fill quality for most orders. Your actual bottom line will depend on your location, the entity you use, and the account type you choose.
| Feature |
HYCM (Henyep Capital Markets)
|
Octa
|
|---|---|---|
| Minimum Deposit | $20 | $25 |
| Average Spread EUR/USD - Standard | 1.2 | 0.9 |
| All-in Cost EUR/USD - Active | 0.6 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | 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.
HYCM (Henyep Capital Markets) offers a wider range of investments than Octa. HYCM lists 1,199 tradeable symbols and 70 forex pairs, while Octa provides 300 symbols and 35 pairs. Both brokers support forex trading (CFD or spot, depending on the product). If you want access to stocks, HYCM lets you buy exchange-traded shares on both U.S. and international markets, whereas Octa does not offer U.S. stocks but does provide access to international shares.
For extras, Octa includes copy trading, which HYCM does not. Neither broker lets you buy actual cryptocurrency, but both offer crypto derivatives. Based on ForexBrokers.com’s Range of Investments scores, HYCM earns 4 stars and ranks 34th out of 63 brokers, while Octa earns 3.5 stars and ranks 53rd.
| 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. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| Cryptocurrency (Physical) | No | 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.
HYCM (Henyep Capital Markets) and Octa both deliver 4-star trading platforms and tools. Each broker offers a free demo account for paper trading, a proprietary platform, Windows-based desktop software, and a web platform. Both also support MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Charting is similar, with 15 drawing tools, the ability to place trades directly from charts, and watchlists with 7 fields. Neither broker connects to DupliTrade or ZuluTrade.
The standout difference is copy trading: Octa offers it, while HYCM does not. In ForexBrokers.com’s Trading Platforms and Tools rankings, Octa places #38 out of 63 brokers, and HYCM ranks #41. If copy trading is important, Octa has the edge; for platform coverage and core tools, both brokers are very similar.
| Feature |
HYCM (Henyep Capital Markets)
|
Octa
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | No | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | No |
| Charting - Indicators / Studies (Total) | 30 | 30 |
| Charting - Drawing Tools (Total) | 15 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
HYCM (Henyep Capital Markets) and Octa both deliver capable mobile trading apps for iPhone and Android. Each app supports real-time watchlists, price alerts for forex and stocks, 30 technical studies for charting, drawing tools like trendlines, multiple time frames (intraday to weekly), and auto-saving of chart annotations. A key limitation is the same for both: watchlists created on mobile do not sync with the client’s online account.
In terms of recognition, both apps earn 4 out of 5 stars for mobile trading. Looking at rankings from ForexBrokers.com out of 63 brokers, Octa is placed at #37, narrowly ahead of HYCM at #38. If you want equal charting features and alerts on either iOS or Android, you’ll find similar experiences; choose Octa if a slightly higher industry ranking matters to you, or HYCM if you prefer its broader brand offering outside the app experience.
| Feature |
HYCM (Henyep Capital Markets)
|
Octa
|
|---|---|---|
| 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.
HYCM (Henyep Capital Markets) and Octa both cover the basics for market research, offering daily market commentary, forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, and an easy-to-use economic calendar. In third-party reviews by ForexBrokers.com, Octa earns a slightly higher research score (4/5, ranked 27th of 63) compared to HYCM (3.5/5, ranked 36th of 63), which may matter if you want a more complete built-in research experience.
The key difference is in the tools. Octa includes Autochartist for automated chart pattern ideas and trade alerts, while HYCM provides Trading Central for analyst-driven insights, technical levels, and trade setups. Neither broker includes a sentiment tool, TipRanks, or Acuity Trading. If you want Autochartist’s pattern spotting, Octa is the better fit. If you prefer Trading Central’s research and signals, HYCM has the edge. Both are good choices if you rely on frequent market updates and trusted news.
| Feature |
HYCM (Henyep Capital Markets)
|
Octa
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, both HYCM (Henyep Capital Markets) and Octa provide a broad range of materials on forex and CFDs to help new traders gain their footing. Both platforms offer a collection of at least 10 educational pieces, including articles, videos, and archived webinars, to facilitate the learning process. However, while Octa delivers monthly online educational webinars, allowing beginners to engage in real-time learning, HYCM does not offer this feature. Despite this, HYCM compensates by providing a searchable archive of recorded webinars, just like Octa, ensuring users can easily access past sessions at their convenience.
For newcomers seeking video content, both HYCM and Octa have an extensive library tailored to beginners. They each offer at least 10 beginner-focused videos that break down essential trading concepts. However, when it comes to advanced educational videos, Octa takes the lead, providing valuable insights for those looking to deepen their trading knowledge, while HYCM lacks this resource. Additionally, both brokers present a comprehensive investor dictionary with over 50 investing terms for easy reference. Overall, Octa edges out slightly with a 4-star education rating, compared to HYCM's 3.5 stars, even though HYCM ranks higher at #32 compared to Octa's #42 out of 63 brokers rated by ForexBrokers.com for educational offerings.
| Feature |
HYCM (Henyep Capital Markets)
|
Octa
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
| 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 HYCM (Henyep Capital Markets) is better than Octa. HYCM (Henyep Capital Markets) finished with an overall rank of #29, while Octa finished with an overall rank of #47.
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). That said, HYCM offers a narrow range of symbols to forex and CFD traders.
| Feature |
HYCM (Henyep Capital Markets)
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Octa
|
|---|---|---|
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| Trust Score | 86 | 72 |
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When comparing online brokers HYCM (Henyep Capital Markets) and Octa, neither provides the option to purchase actual cryptocurrencies, but both offer opportunities to trade in cryptocurrency derivatives.
While both HYCM (Henyep Capital Markets) and Octa do not support ACH, SEPA, or PayPal for deposits and withdrawals, they both offer Skrill, Visa, Mastercard, and bank wire transfers as available options for managing account funds.
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 | 86 | 72 | |
| 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 | 86 | 72 | |
| 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 (SFC 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/Central Bank 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. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| Cryptocurrency (Physical) | No | 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 | HYCM (Henyep Capital Markets) | Octa | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | 0.9 | |
| All-in Cost EUR/USD - Active | 0.6 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | Yes | Yes | |
| 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 | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | HYCM (Henyep Capital Markets) | Octa | |
|---|---|---|---|
| Proprietary Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | No | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No | |
| DupliTrade | No | No | |
| ZuluTrade | No | No |
| Trading Tools | HYCM (Henyep Capital Markets) | Octa | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 7 | |
| Charting - Indicators / Studies (Total) | 30 | 30 | |
| Charting - Drawing Tools (Total) | 15 | 15 | |
| 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 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 | HYCM (Henyep Capital Markets) | Octa | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | No | |
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | Octa | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | Octa | |
|---|---|---|---|
| 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 | HYCM (Henyep Capital Markets) Review | Octa Review |
| Overall | HYCM (Henyep Capital Markets) | Octa | |
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| Trust Score | 86 | 72 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | Octa Review |
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