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 account | 1.2 | 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) and Octa both support forex trading (CFD/spot) and offer cryptocurrency CFDs, but neither lets you buy actual crypto. HYCM lists 1,199 tradeable symbols and 70 forex pairs, compared with Octa’s 300 symbols and 35 pairs. For stocks, HYCM offers exchange-traded shares on both U.S. and international exchanges, while Octa offers exchange-traded shares on international markets but not on U.S. exchanges. If copy trading matters, Octa has it; HYCM does not.
For range of investments, HYCM is rated 4 out of 5 stars and ranks #34 of 63 brokers, while Octa earns 3.5 out of 5 stars and ranks #53 of 63, according to ForexBrokers.com. In short, HYCM suits traders seeking more markets and access to U.S. stocks, whereas Octa can appeal to those who want copy trading alongside forex and international shares.
| 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 deliver a wide range of trading platforms and tools. Each broker supports free demo (paper) trading, offers a proprietary platform, and provides both a Windows desktop download and a web-based platform. Traders can also use MetaTrader 4 (MT4) and MetaTrader 5 (MT5) at either broker and place trades directly from charts. One key difference: Octa offers copy trading, while HYCM does not.
For overall Trading Platforms and Tools, both brokers earn 4 out of 5 stars. In ForexBrokers.com’s rankings, Octa places #38 out of 63 brokers, while HYCM comes in at #41. If copy trading matters to you, Octa is the better fit. If you’re focused on MetaTrader or trying a broker’s own platform with both web and desktop access, either HYCM or Octa can work well.
| 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 deliver capable mobile trading apps for iPhone and Android. Each app supports forex and stock price alerts, offers 30 technical studies for charting, and lets you draw trendlines that auto-save on your charts. If you rely on technical analysis and want alerts on the go, both brokers cover the essentials in a familiar, easy-to-use setup.
Neither HYCM nor Octa supports watchlist symbol syncing between the mobile app and the web platform. In terms of ratings, both earn 4 out of 5 stars for Mobile Trading Apps. According to ForexBrokers.com, Octa ranks slightly higher at #37 out of 63 brokers, while HYCM sits at #38—making this a very close match with a minor edge to Octa.
| 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 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 (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.
HYCM (Henyep Capital Markets) and Octa both provide forex and CFD education, meeting the threshold of at least 10 learning pieces. Each broker offers 10+ beginner videos to help new traders understand the basics. The key difference is live learning: Octa hosts client webinars at least once a month, while HYCM does not.
For deeper study, Octa also includes 10+ advanced videos for experienced traders, whereas HYCM falls short on advanced content. In Education ratings, HYCM scores 3.5 out of 5 stars and ranks #32 of 63 brokers on ForexBrokers.com, while Octa scores 4 out of 5 stars and ranks #42 of 63. In short, Octa emphasizes live sessions and advanced lessons, while HYCM focuses on a clear, beginner-friendly video library.
| 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 #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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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 | 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, FSRA, or SCA 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 | 1.2 | 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 | 86 | 72 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | Octa Review |
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