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 range of account types with varying fees and commissions to cater to different trader needs. Their Raw account stands out for its competitive pricing, offering an all-in cost of about 0.6 pips for the EUR/USD currency pair, making it a cost-effective choice for many traders. On the other hand, the Classic account comes at a higher cost with variable spreads starting from 1.2 pips, while the fixed spread account maintains a spread of 1.5 pips. HYCM is highly regarded for its cost-effectiveness, earning a commendable 4.5-star rating and ranking 15th out of 62 brokers in the Commissions and Fees category according to ForexBrokers.com.
Octa has made significant strides in enhancing its pricing structure, rivaling some of the most affordable MetaTrader brokers. A key highlight for Octa is the absence of slippage on 97.5% of executed orders and no overnight carry costs; however, traders aiming for high-frequency trades might find certain restrictions limiting. Octa's spreads are subject to the entity regulating the account, with the EU entity offering a slight edge over its foreign counterparts for the EUR/USD pairs with an average spread of 0.5 pips. Despite lacking specific date references to its typical spread data, Octa has improved to claim a noteworthy 4-star rating and ranks 29th among 62 brokers for Commissions and Fees, as per ForexBrokers.com.
Both HYCM and Octa present attractive options depending on a trader's specific needs. While HYCM remains consistently competitive with well-documented and reliable spread information, Octa has made progress to align its offerings with the lowest-cost brokers, albeit with room for further transparency in its pricing data. Traders should consider their account type and regional regulations when choosing the best fit for their trading strategy.
| 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.
When considering the investment options provided by HYCM (Henyep Capital Markets) and Octa, both platforms allow trading in forex as CFDs or spot contracts, accommodating the needs of forex traders. However, HYCM outshines Octa significantly by offering 1,199 tradeable symbols, including 70 forex pairs, while Octa offers just 300 symbols and 35 forex pairs. HYCM also provides access to exchange-traded securities on both U.S. and international exchanges, making it possible for clients to trade renowned stocks like Apple and Vodafone. Conversely, Octa focuses solely on international markets, lacking the capacity for U.S. securities but offering the convenience of copy trading, which HYCM does not provide.
Both HYCM and Octa offer crypto derivatives, but neither broker enables the purchase of actual cryptocurrencies. In terms of investment variety, HYCM receives a higher rating of four stars, reflecting its broader range of offerings compared to Octa's 3.5 stars. HYCM's comprehensive investment choices earn it a ranking of 33 out of 62 brokers on ForexBrokers.com, while Octa trails at the 52nd spot, indicating HYCM as the more versatile option for those seeking diverse investment opportunities.
| 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.
When comparing the trading platforms and tools offered by HYCM and Octa, both brokers provide a comprehensive selection that caters to various trading preferences. They each offer simulated trading through free virtual demo accounts, allowing traders to practice without any financial risk. Both HYCM and Octa have developed their own trading platforms and provide Windows-based desktop download options along with web-based platforms. While both brokers support the widely-used MetaTrader 4 and MetaTrader 5 platforms, Octa takes a lead with the option for copy trading, which HYCM does not offer. Neither of the brokers supports DupliTrade or ZuluTrade, but both allow direct trading from stock charts and provide 15 drawing tools for detailed charting.
In terms of customization, both platforms also offer watch lists with 7 columns to track market movements effectively. Despite these similarities, rankings and ratings suggest subtle differences in user satisfaction; HYCM and Octa both earn 4-star ratings for their trading platforms and tools, yet Octa ranks slightly higher at #37 compared to HYCM's #40 out of 62 brokers according to ForexBrokers.com. These rankings indicate that while both platforms are highly rated, Octa might offer a slightly more favorable experience for some traders. Nonetheless, both remain strong contenders for those seeking versatile and dynamic trading environments.
| 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.
When exploring the mobile trading options from HYCM and Octa, both platforms offer users seamless trading experiences on iPhone and Android devices. With user-friendly interfaces, these apps allow traders to stay connected and informed with real-time stock and forex price alerts. Although neither offers the convenience of syncing watchlist symbols across platforms, both enable the creation of watchlists with up-to-date quotes. For technical traders, both apps support charting with 30 technical studies, trendline drawing, and multiple time frame viewing options, which are essential for any in-depth stock or forex analysis.
While both HYCM and Octa have received a solid four-star rating for their mobile trading apps, there is a slight edge in the rankings. ForexBrokers.com places Octa at 35th out of 62 brokers, slightly ahead of HYCM, which is ranked 37th. Despite this, both platforms ensure that your chart annotations and drawings are automatically saved, ensuring no lost efforts when navigating through market analyses. Overall, whether you choose HYCM or Octa, these mobile apps provide a comprehensive set of features that cater to both novice and seasoned traders alike.
| 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 comparing the market research offerings of HYCM (Henyep Capital Markets) and Octa, both brokers provide daily market commentary and forex news from top-tier sources such as Bloomberg and Reuters. HYCM stands out with its inclusion of Trading Central's technical analytics, offering their clients valuable insights. In contrast, Octa gains an edge by providing tools from Autochartist, which enhances technical and fundamental research capabilities. However, both brokers lack sentiment-based trading tools and additional research tools from brands like TipRanks and Acuity Trading.
Both HYCM and Octa provide an economic calendar showcasing global news events, ensuring that their users stay informed of crucial updates. While HYCM secures a 3.5-star rating for research, Octa slightly outperforms with a 4-star rating. Performance rankings by ForexBrokers.com place HYCM at 35th out of 62 brokers, whereas Octa ranks higher at 26th, reflecting its superior research offerings in comparison to HYCM.
| 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 comparing the educational resources available to beginners, both HYCM and Octa provide a solid foundation with at least ten educational pieces focused on forex and CFDs. Both brokers offer a searchable archive of recorded client webinars, which can be a helpful tool for self-paced learning. However, while Octa offers monthly online educational webinars, HYCM does not. Additionally, HYCM and Octa both provide educational videos tailored to beginners, ensuring that newcomers have ample content to grasp the basics of trading. Delving into more advanced trading topics, Octa goes the extra mile by offering at least ten advanced educational videos, a feature that HYCM lacks.
Each broker offers a comprehensive investor dictionary with over 50 investing terms, aiding in the understanding of key trading concepts. Despite the distinction in webinar offerings and advanced video materials, HYCM receives a 3.5-star rating for education, ranking it 32nd among 62 brokers. On the other hand, Octa is rated slightly higher at 4 stars, though it stands at the 42nd position in the same bracket. These ratings highlight the strengths and areas for improvement for each broker, providing a clearer picture for beginners choosing their educational path in trading.
| 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 62 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) | 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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