Written by ForexBrokers.com
In this head to head comparison of HYCM (Henyep Capital Markets) vs Eightcap, 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.
When comparing online brokers HYCM and Eightcap, both are not publicly traded and are not banks, with HYCM founded in 1977 and Eightcap in 2009. HYCM, boasting an established market presence, holds two Tier-1 licenses and one Tier-2 license, earning it a Trust Score of 86 out of 99, classifying it as a trusted broker according to ForexBrokers.com. Meanwhile, Eightcap, with a slightly shorter history, holds three Tier-1 licenses and no Tier-2 licenses, garnering a Trust Score of 85, placing it in the same trusted category.
Both platforms operate under stringent regulatory frameworks, ensuring a secure trading environment. While HYCM has a longer track record with a slightly higher Trust Score, Eightcap compensates with more Tier-1 licenses, indicating a commendable level of regulatory compliance. Prospective users will find both brokers reliable, with minor distinctions in their regulatory standings marking the primary differences.
| Feature |
HYCM (Henyep Capital Markets)
|
Eightcap
|
|---|---|---|
| Year Founded | 1977 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 3 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing the commissions and fees of HYCM (Henyep Capital Markets) and Eightcap, there are some noteworthy differences. HYCM offers a Raw account with competitive pricing, where the all-in cost for trading the EUR/USD pair is about 0.6 pips once commissions are included. In contrast, its Classic account has a higher variable spread, starting at 1.2 pips, while their fixed-spread account offers a spread of 1.5 pips. These options have earned HYCM a rating of 4.5 stars for commissions and fees, ranking it 15th out of 62 brokers according to ForexBrokers.com.
Eightcap takes a slightly different approach with two account types: a commission-based Raw account and a spread-only Standard account. The Raw account has an average spread of 0.06 pips, but when adding a commission of $3.50 per trade, the total cost comes to about 0.76 pips. Despite offering competitive rates, Eightcap is still a bit pricier compared to the lowest-cost forex brokers. It holds a rating of 4 stars for commissions and fees, and it ranks 26th out of 62 brokers on ForexBrokers.com.
In summary, both brokers offer distinct advantages depending on the trading style and account preference. HYCM's various account types provide flexibility in trading costs, while Eightcap's Raw account focuses on tight spreads complemented by low fixed commissions. Ultimately, HYCM provides a more cost-effective trading experience according to its higher star rating and higher ranking in the commissions and fees category.
| Feature |
HYCM (Henyep Capital Markets)
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $20 | $100 |
| Average Spread EUR/USD - Standard | 1.2 | 1.0 |
| All-in Cost EUR/USD - Active | 0.6 | 0.76 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| 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 comparing HYCM (Henyep Capital Markets) and Eightcap for their range of investment options, there are several differences to consider. HYCM provides access to a larger number of tradeable symbols, offering 1,199 compared to Eightcap's 736. Additionally, HYCM allows clients to trade 70 forex pairs, whereas Eightcap offers 56. For those interested in direct investments in exchange-traded securities, HYCM stands out by enabling the purchase of U.S. and international stocks such as Apple and Vodafone. Eightcap does not provide this option, focusing instead on CFDs.
Both brokers support trading in cryptocurrency derivatives, but neither offers actual cryptocurrency purchases. For copy trading enthusiasts, Eightcap accommodates these needs, unlike HYCM. When rated for their range of investments, HYCM receives a solid 4-star rating, placing it at #33 out of 62 brokers on ForexBrokers.com, while Eightcap is rated 3.5 stars and ranks at #40. This evaluation reflects the broader selection available at HYCM, especially if trading a diverse set of securities and forex pairs is a priority for you.
| Feature |
HYCM (Henyep Capital Markets)
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 736 |
| Forex Pairs (Total) | 70 | 56 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| 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 of HYCM (Henyep Capital Markets) and Eightcap, both brokers offer a similar range of platforms, including MetaTrader 4 and MetaTrader 5, accommodating traders who prefer windows-based desktop and web-based trading. Each broker provides a free virtual demo account for paper trading, ideal for beginners to practice without financial risk. While HYCM has developed its proprietary platform, Eightcap does not have an in-house platform but compensates with copy trading features, appealing to traders interested in mirroring the trades of others.
In terms of charting, both HYCM and Eightcap provide an equal set of 15 drawing tools, allowing for detailed technical analysis. Each platform enables trading directly from stock charts and offers an organized watch list with up to seven fields, facilitating efficient market monitoring. In ratings, both brokers receive four out of five stars for their trading platforms and tools. Despite the similar ratings, ForexBrokers.com ranks Eightcap slightly higher at 38th, compared to HYCM's 40th place, out of 62 brokers in the Trading Platforms and Tools category.
| Feature |
HYCM (Henyep Capital Markets)
|
Eightcap
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| 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 Eightcap offer mobile trading apps for iPhone and Android, accommodating traders who prefer to manage their portfolios on the go. Each app provides alerts for stock and forex prices, ensuring users can stay informed about market changes wherever they are. They both feature charting capabilities with 30 technical studies, the ability to draw trendlines, and the option to view different time frames for comprehensive analysis. Additionally, users can auto-save their drawings and create watchlists with real-time quotes, enhancing the overall trading experience.
However, Eightcap stands out in one key aspect: it offers watchlist symbol syncing, allowing users to seamlessly synchronize their watchlists between the mobile app and their online accounts. This feature ensures that any changes made in either location are automatically updated across platforms, providing a more cohesive trading experience. Despite this difference, both apps are well-regarded, each earning a 4-star rating for mobile trading apps. According to ForexBrokers.com, HYCM is ranked 37th out of 62 brokers for mobile trading apps, just above Eightcap, which is ranked 38th. This proximity in ranking reflects their comparable features and overall performance.
| Feature |
HYCM (Henyep Capital Markets)
|
Eightcap
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| 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 offerings, both HYCM (Henyep Capital Markets) and Eightcap provide daily market commentary, ensuring traders stay informed with the latest insights. However, HYCM gains an edge by offering forex news from top-tier sources like Bloomberg and Reuters, a service that Eightcap does not provide. Additionally, HYCM enhances its research capabilities with tools from Trading Central, providing technical analytics, whereas Eightcap lacks this feature. On the other hand, Eightcap offers a sentiment-based trading tool that shows a ratio of long or short positions, which HYCM does not provide.
In terms of economic forecasts, both brokers supply an economic calendar that highlights current and forthcoming global news events for various economies worldwide. Despite these offerings, neither broker provides research tools from Autochartist or Acuity Trading, nor do they offer market research from TipRanks. With both brokers rated 3.5 stars out of five for research, HYCM is ranked slightly higher at #35 compared to Eightcap's #39 out of 62 brokers, according to ForexBrokers.com. This ranking represents a modest difference in the perceivable value and scope of research tools provided by each platform.
| Feature |
HYCM (Henyep Capital Markets)
|
Eightcap
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | No |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | No | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Both HYCM (Henyep Capital Markets) and Eightcap provide plenty of educational resources aimed at helping beginners learn about forex and CFDs. Each broker offers a minimum of 10 pieces of educational content, which includes articles, videos, and archived webinars focused on these topics. Both platforms have a searchable archive of recorded webinars, allowing clients to access past sessions at their convenience. For beginners, the two brokers also provide at least 10 educational videos covering trading topics, making it easier for new traders to get up to speed. Furthermore, each offers an investor dictionary with definitions for over 50 investing terms, adding a useful resource for those trying to understand the jargon.
However, neither HYCM nor Eightcap provides regular online educational webinars each month or advanced educational videos for experienced traders. Although their educational offerings are similar, it's worth noting that HYCM ranks slightly higher at number 32 compared to Eightcap's ranking at number 40 on ForexBrokers.com when it comes to their education categories. Both brokers receive a 3.5-star rating for education, indicating that they offer a comparable level of educational content for those starting out in trading.
| Feature |
HYCM (Henyep Capital Markets)
|
Eightcap
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | No |
| 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 Eightcap. HYCM (Henyep Capital Markets) finished with an overall rank of #29, while Eightcap finished with an overall rank of #38.
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)
|
Eightcap
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 86 | 85 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platform & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
Both HYCM (Henyep Capital Markets) and Eightcap do not offer the ability to buy actual (delivered) cryptocurrency, but they both provide the option to trade cryptocurrency derivatives, not the actual cryptocurrency itself.
When comparing online brokers HYCM (Henyep Capital Markets) and Eightcap, both offer Skrill, Visa/Mastercard, and bank wire options for deposits and withdrawals, but only Eightcap provides the convenience of PayPal, whereas neither supports ACH or SEPA transfers.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | HYCM (Henyep Capital Markets) | Eightcap | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 86 | 85 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | Eightcap Review |
| Broker Screenshots | HYCM (Henyep Capital Markets) | Eightcap | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
|
| |
| Mobile Trading Gallery (click to expand) |
|
| |
| Research Gallery (click to expand) |
|
| |
| Education Gallery (click to expand) |
|
|
| Regulation | HYCM (Henyep Capital Markets) | Eightcap | |
|---|---|---|---|
| Trust Score | 86 | 85 | |
| Year Founded | 1977 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 2 | 3 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | HYCM (Henyep Capital Markets) | Eightcap | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| 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 | Yes | |
| 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) | Eightcap | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | HYCM (Henyep Capital Markets) | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 1199 | 736 | |
| Forex Pairs (Total) | 70 | 56 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| 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) | Eightcap | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.2 | 1.0 | |
| All-in Cost EUR/USD - Active | 0.6 | 0.76 | |
| 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) | Eightcap | |
|---|---|---|---|
| Minimum Deposit | $20 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| 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) | Eightcap | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| 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) | Eightcap | |
|---|---|---|---|
| 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) | Eightcap | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| 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) | Eightcap | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | No | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | HYCM (Henyep Capital Markets) | Eightcap | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | HYCM (Henyep Capital Markets) | Eightcap | |
|---|---|---|---|
| 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 | Eightcap Review |
| Overall | HYCM (Henyep Capital Markets) | Eightcap | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platform & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 86 | 85 | |
| Winner | check_circle | ||
| Review | HYCM (Henyep Capital Markets) Review | Eightcap Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill