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 |
In a commissions and fees comparison, HYCM (Henyep Capital Markets) comes out slightly ahead of Octa. HYCM earns 4.5 out of 5 stars and ranks #18 out of 36 brokers for commissions and fees, helped by its Raw account, which offers an estimated all-in cost of about 0.6 pips on EUR/USD after commission. Its Classic account is pricier, with variable spreads starting at 1.2 pips, while its fixed-spread account lists a 1.5-pip spread.
Octa has improved a lot on pricing and now competes more closely with some of the lowest-cost MetaTrader brokers. It is rated 4 out of 5 stars and ranks #28 out of 36 for commissions and fees. Depending on your region and account type, Octa’s average EUR/USD spread is listed at 0.5 pips for EU clients and 0.9 pips for international clients, and it also advertises no overnight carry costs and no slippage on 97.5% of executed orders.
For most traders, HYCM may be the simpler choice if low trading costs are the top priority, especially on its Raw account. Octa can also be competitive, but its pricing depends more on the broker entity and account setup, and some of its rules may not suit active or high-frequency traders.
| Feature |
HYCM (Henyep Capital Markets)
|
Octa
|
|---|---|---|
| Minimum Deposit | $20 | $25 |
| Average spread (EUR/USD) - Spread-only account | 1.3 | 0.9 |
| All-in Cost EUR/USD - Raw spread account | 0.6 | N/A |
| Non-wire bank transfer (Deposit/Withdraw) | 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. Both brokers support forex trading as CFDs or spot contracts, and both let clients trade cryptocurrency CFDs, while neither offers direct purchase of actual crypto. HYCM stands out with 1,199 tradeable 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 securities but not U.S.-listed shares.
When it comes to extra features, Octa has copy trading and HYCM does not. Even so, HYCM comes out ahead in range of investments, with a 4-star rating and a ForexBrokers.com rank of #28 out of 36 brokers, versus Octa’s 3.5 stars and #35 ranking. In short, HYCM is the better choice for investors who want more market variety, while Octa may appeal to those looking for copy trading and a simpler selection.
| 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 and Octa both give traders a wide choice of platform options, including free demo accounts for practice, their own in-house platforms, Windows desktop downloads, web-based trading, and support for both MetaTrader 4 and MetaTrader 5. Each broker also lets users trade directly from charts, which can make placing orders easier for active traders. On ratings alone, both are tied at 4 out of 5 stars for Trading Platforms and Tools, though Octa holds a slightly better ForexBrokers.com ranking at #33 out of 36, compared with HYCM at #35.
The biggest difference is copy trading: Octa offers it, while HYCM does not. For traders who want to follow other investors or use a copy-based approach, that gives Octa an edge. Outside of that, the two brokers look closely matched in platform access and core tools, making the choice more about whether copy trading matters to you.
| 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 very similar experience. Each broker offers iPhone and Android apps, price alerts for stocks or forex, 30 technical studies for charting, trendline drawing, and automatic saving for chart drawings. Both apps are rated 4 out of 5 stars for mobile trading apps, so neither has a clear edge in overall user rating.
The main difference shows up in third-party rankings: Octa is placed slightly higher than HYCM in ForexBrokers.com’s mobile trading apps category, ranking #31 out of 36 brokers compared with HYCM’s #33. Neither broker offers watchlist symbol syncing between the mobile app and online account, so watchlist changes do not carry over automatically. Overall, the two apps are closely matched, with Octa holding a small lead in 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 useful market research tools, including daily market commentary, news from top sources like Bloomberg, Reuters, and Dow Jones, plus an economic calendar for tracking major global events. Neither broker offers a sentiment tool, TipRanks, or Acuity Trading research. Where they differ is in extra analysis features: HYCM includes Trading Central tools, while Octa offers Autochartist instead.
For research quality, Octa has the edge overall. It is rated 4 out of 5 stars for Research and ranks #25 out of 36 brokers on ForexBrokers.com, compared with HYCM’s 3.5-star rating and #32 ranking. If you want more built-in technical research tools, Octa may be the better pick, while HYCM still covers the basics well and adds Trading Central for traders who like guided analysis.
| 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 for learning material, both HYCM (Henyep Capital Markets) and Octa offer at least 10 beginner-focused trading videos, so each broker gives new traders a starting point with basic market lessons. HYCM also provides forex or CFD education in the sense of having 10 or more educational items on these topics, but it does not run monthly live client webinars. Octa also offers forex or CFD education and stands out for hosting online educational webinars at least once a month, which can be helpful for beginners who prefer live, guided learning.
When it comes to deeper learning, Octa has the edge because it offers at least 10 advanced educational videos for more experienced traders, while HYCM does not meet that mark. That difference is reflected in their overall education scores too: Octa is rated 4 out of 5 stars for Education, compared with 3.5 stars for HYCM. However, in ForexBrokers.com’s Education ranking out of 36 brokers, HYCM places higher at #28, while Octa ranks #34, so HYCM may be better positioned overall even though Octa offers more ongoing and advanced learning support.
| 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 #37.
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) - Spread-only account | 1.3 | 0.9 | |
| All-in Cost EUR/USD - Raw spread account | 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 (Deposit/Withdraw) | 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 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 | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| 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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