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 |
When comparing commissions and fees, HYCM (Henyep Capital Markets) comes out slightly ahead of Octa overall. HYCM’s Raw account offers competitive pricing, with an estimated all-in cost of about 0.6 pips on EUR/USD after commission, while its Classic account is pricier at spreads starting from 1.2 pips. HYCM also has a fixed-spread account at 1.5 pips. For this category, HYCM is rated 4.5 out of 5 stars and ranks #18 out of 36 brokers by ForexBrokers.com.
Octa has improved its pricing in recent years and now competes more closely with some of the lowest-cost MetaTrader brokers. Its average EUR/USD spread is listed at 0.5 pips for EU clients and 0.9 pips for international clients, though Octa does not provide a date range for this spread data, which makes the comparison less exact. Octa also advertises no slippage on 97.5% of executed orders and no overnight carry costs, but some account restrictions may not suit high-frequency traders. Octa is rated 4 out of 5 stars and ranks #27 out of 36 in the Commissions and Fees category.
Overall, HYCM appears to have the edge for traders who want clear pricing and a slightly stronger score in commissions and fees, while Octa may appeal to cost-conscious traders looking for low spreads and no overnight charges, depending on the account type and entity.
| 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) gives traders a wider range of investment choices than Octa. Both brokers offer forex trading as CFDs or spot contracts, and both let clients trade cryptocurrency CFDs. HYCM stands out with 1,199 tradeable symbols and 70 forex pairs, compared with Octa’s 300 symbols and 35 forex pairs. HYCM also offers exchange-traded securities on both U.S. and international exchanges, while Octa only offers shares on international exchanges and does not provide U.S.-listed stocks.
Octa does have one key advantage: copy trading, which HYCM does not offer. Still, when it comes to overall choice, HYCM leads this category with a 4-star Range of Investments rating and a ForexBrokers.com ranking of #28 out of 36 brokers, ahead of Octa’s 3.5-star rating and #34 ranking. Neither broker supports buying actual, delivered cryptocurrency.
| 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 wide mix of platform choices, including free demo accounts for practice, their own in-house platforms, desktop downloads for Windows, web-based trading, MetaTrader 4, MetaTrader 5, and the ability to trade right from a chart. For everyday traders, that means either broker can support common needs like testing strategies, placing trades from a browser, and using the popular MT4 and MT5 platforms. In this area, both brokers are rated 4 stars for Trading Platforms and Tools, though ForexBrokers.com places Octa slightly higher at #31 out of 36 brokers, compared with HYCM at #33.
The biggest difference is copy trading: Octa offers it, while HYCM does not. That may matter for beginners or anyone who wants to follow other traders instead of making every decision on their own. Outside of that, the two brokers look quite similar for platform features, so the better choice may come down to whether copy trading is important to you and which platform layout feels easier to use.
| 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 on iPhone and Android, with each broker offering apps for both devices. Both apps include stock or forex price alerts, 30 technical studies for charting, trendline drawing, and automatic saving of chart drawings. One downside for both is that watchlists do not sync between the mobile app and the online account, so changes made in one place will not carry over to the other.
In terms of overall mobile app quality, both brokers are rated 4 out of 5 stars, so neither has a clear edge on rating alone. ForexBrokers.com places Octa slightly ahead at #30 out of 36 brokers for mobile trading apps, while HYCM sits at #31. For most everyday users, the two platforms are closely matched, with Octa holding a narrow lead in the category ranking.
| 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 daily market commentary, forex news from major sources like Bloomberg, Reuters, and Dow Jones, and an economic calendar that tracks key global events. Neither broker offers sentiment-based trading tools, TipRanks research, or Acuity Trading tools. One clear difference is in extra research features: HYCM includes Trading Central tools such as Technical Analytics, while Octa offers Autochartist for chart-based analysis and trade ideas.
In overall research quality, Octa has the edge with a 4-star rating and a ForexBrokers.com ranking of #24 out of 36 brokers, compared with HYCM’s 3.5-star rating and #30 ranking. For traders who want standard market news and calendar updates, both brokers cover the basics well, but Octa may appeal more to users looking for Autochartist, while HYCM may suit those who prefer Trading Central.
| 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 #35.
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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