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) offers a variety of account types to cater to different trading preferences, each with its own spread and fee structure. The Raw account is particularly appealing with its competitive pricing, delivering an all-in cost of about 0.6 pips for the EUR/USD pair. For traders seeking alternatives, the Classic account provides a variable spread starting from 1.2 pips, while the fixed-spread account maintains a spread of 1.5 pips. In terms of ratings, HYCM earns a solid 4.5 stars and ranks an impressive 15th out of 63 brokers in the Commissions and Fees category on ForexBrokers.com.
Octa has made significant strides in enhancing its pricing structure, closing the gap with other cost-effective MetaTrader brokers. Impressively, Octa manages no slippage on 97.5% of its executed orders and avoids overnight carry costs. However, restrictions may affect high-frequency traders. Octa's pricing varies based on the entity regulating your account, with European clients offered a slightly better average spread of 0.5 pips for the EUR/USD pair compared to 0.9 pips in other regions it operates. Octa has achieved a rating of 4 stars and is ranked 29th among brokers for commissions and fees.
When comparing the two brokers, HYCM tends to lead with slightly better pricing options for its users. Octa continues to improve, offering competitive spreads and a favorable trading environment for most, albeit with some trading restrictions. While both brokers present solid options depending on individual trading needs, HYCM's higher rating and better rank may provide a more cost-efficient experience for those prioritizing low commissions and fees.
| 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) and Octa are both well-known online brokers that offer forex trading as a CFD or spot contract. However, there are significant differences between the two when it comes to the range of investments they offer. HYCM boasts a wide selection of 1199 tradeable symbols, including 70 forex pairs, and provides access to both U.S. and international exchange-traded securities, allowing clients to purchase real shares such as Apple. In contrast, Octa offers 300 tradeable symbols with 35 forex pairs, but it does not provide access to U.S. exchange-traded securities.
On the other hand, HYCM does not support copy trading, while Octa offers this feature for those interested in mirroring the trades of successful investors. Both brokers allow traders to invest in cryptocurrency derivatives without owning the actual assets. In terms of their range of investments, HYCM is rated higher with four stars, compared to Octa's 3.5 stars. HYCM's wider variety also reflects in its ranking of 33rd out of 63 brokers in the Range of Investments category on ForexBrokers.com, leading Octa, which is ranked 52nd.
| 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.
Both HYCM (Henyep Capital Markets) and Octa offer a variety of user-friendly options for online trading. Both brokers provide access to simulated trading through free virtual demo accounts, allowing new traders to practice without risking real money. They also feature proprietary platforms built in-house, ensuring a unique user experience tailored to their clients' needs. Traders can access platforms via Windows desktop downloads or directly through their web browsers. For those who prefer popular trading software, both brokerages support MetaTrader 4 and MetaTrader 5. While HYCM does not offer copy trading, this feature is available with Octa, appealing to those who wish to mirror successful trades made by others.
In terms of charting tools, both brokers provide a robust set of features, including 15 drawing tools and the ability to trade directly from stock charts. Watchlists can be customized with up to seven columns to keep track of essential data fields. Despite these similarities, there are differences in their rankings and ratings. Both HYCM and Octa have been given 4 out of 5 stars for their trading platforms and tools. However, according to ForexBrokers.com rankings, Octa is slightly ahead at #37 compared to HYCM's #40 out of 63 brokers. This small difference might help potential traders decide based on their preference for copy trading or slight distinctions in overall platform satisfaction.
| 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.
Both HYCM (Henyep Capital Markets) and Octa offer user-friendly mobile trading experiences with apps available for iPhone and Android devices. These apps provide essential features like stock and forex price alerts, charting tools with the ability to draw trendlines, and the option to view different time frames such as daily, weekly, or intraday. Both platforms offer 30 technical studies for charting, auto-save feature for drawings, and the ability to create watchlists with real-time quotes. However, neither broker supports watchlist symbol syncing, meaning any changes made in their mobile app won’t automatically update in the client’s online account.
When it comes to user ratings, both HYCM and Octa have earned 4-star reviews for their mobile trading apps. ForexBrokers.com ranks them closely, with Octa slightly ahead at #36 compared to HYCM’s #37 out of 63 brokers. Despite their similar capabilities and ratings, users looking for a seamless integration with their online accounts may need to compromise on the lack of watchlist syncing offered by these two brokers.
| 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.
When it comes to market research, both HYCM (Henyep Capital Markets) and Octa provide essential tools such as daily market commentary and access to forex news from reputable sources like Bloomberg and Reuters. While HYCM offers tools from Trading Central, Octa sets itself apart by including technical analysis tools from Autochartist. Neither broker provides sentiment-based trading tools, TipRanks data, or Acuity Trading tools. Both offer economic calendars that keep traders informed of global economic events.
In terms of research quality, Octa edges out HYCM with a higher rating of 4 stars compared to HYCM's 3.5 stars. Additionally, Octa is ranked #27 out of 63 brokers for research by ForexBrokers.com, reflecting its commitment to providing comprehensive market insights. In contrast, HYCM holds a lower rank at #35, suggesting there is room for improvement in its research offerings. Overall, traders looking for a broker with diverse market analysis tools might find Octa's offerings slightly more appealing.
| 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)
|
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) | No | No | |
| 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) | No | No | |
| 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) | No | No |
| 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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