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 competitive pricing for traders, particularly with its Raw account, which features an all-in cost of approximately 0.6 pips for the EUR/USD pair after commission. For those interested in other account options, the Classic account presents a starting variable spread of 1.2 pips, while the fixed-spread account maintains a steady 1.5 pips spread. Ranked 15th out of 62 brokers by ForexBrokers.com, HYCM earns a commendable 4.5-star rating for its commissions and fees, reflecting its strong positioning in the market.
Octa, though having faced challenges with pricing in the past, has significantly enhanced its offerings and is catching up with other low-cost MetaTrader brokers. With a no slippage record on 97.5% of executed orders and no overnight carry costs, Octa appeals to various traders, albeit with some restrictions that can affect high-frequency trading. The choice of account type and the regulating Octa entity, such as its EU, South Africa, or Mwali bases, influence the specific fees traders might encounter.
Account holders in the EU often access better spreads on pairs like the EUR/USD, with an average of 0.5 pips, while international traders may see slightly higher spreads at 0.9 pips. Despite the improvements and competitive pricing, the lack of a specific date range for Octa's typical spread data makes precise assessments challenging. Ranked 28th out of 62 brokers by ForexBrokers.com, Octa's commissions and fees are rated at 4 stars, illustrating its progress in providing more economical options for traders.
| 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 comparing the range of investment options between HYCM (Henyep Capital Markets) and Octa, you'll find some notable differences. HYCM impresses with a substantial lineup of 1,199 tradeable symbols, which includes 70 forex pairs. In contrast, Octa offers 257 tradeable symbols with only 35 forex pairs. Furthermore, HYCM provides access to exchange-traded securities in both U.S. and international markets, meaning investors can buy shares of companies like Apple and Vodafone. Octa, however, only offers exchange-traded securities on international exchanges, limiting opportunities for those interested in U.S. stocks.
In terms of additional features, Octa stands out with its copy trading service, allowing users to replicate the strategies of successful traders, a service HYCM does not support. Both brokers provide cryptocurrency derivatives for investors looking to engage in digital asset trading without actually buying the currency. HYCM receives a slightly higher rating for its range of investments at 4 stars, ranking 33rd out of 62 brokers in this category according to ForexBrokers.com, while Octa garners 3.5 stars, placing it at 52nd. This comparison highlights HYCM's more extensive range of investment offerings as compared to Octa's more limited but still versatile options.
| Feature |
HYCM (Henyep Capital Markets)
|
Octa
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 1199 | 257 |
| 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 comparing the mobile trading apps of HYCM (Henyep Capital Markets) and Octa, both offer dependable solutions for traders looking to access the markets via iPhone and Android devices. Each app provides essential features such as real-time stock or forex price alerts, the ability to draw trendlines, and various timeframes for analyzing stock or forex charts. Both apps also support the creation of watchlists with real-time quotes and auto-save your chart drawings, though neither supports watchlist symbol syncing between the mobile app and the web-based platform. In terms of technical analysis tools, both mobile apps offer 30 technical studies, giving traders a decent variety of options for market analysis.
Despite these similarities, testimony from ForexBrokers.com ranks Octa slightly ahead, placing it at #36, whereas HYCM stands at #37 out of 62 brokers in the Mobile Trading Apps category. Both mobile applications are rated at 4 out of 5 stars, indicating a generally positive reception from users. This suggests that while both apps offer satisfying experiences, Octa has a slight edge in overall perception among traders, though the difference is minor. Overall, either app can successfully meet the needs of mobile traders looking for comprehensive charting and alert options.
| 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.
Both HYCM and Octa are strong contenders when it comes to offering educational resources for beginner traders, each meeting the standard with a variety of educational materials, including articles and videos focused on forex and CFDs. Both brokers also provide a generous selection of at least 10 beginner-focused educational videos. A notable difference is that Octa takes an extra step by hosting monthly educational webinars to engage and support new traders in real-time learning, a feature HYCM does not offer.
In terms of advanced trading education, Octa has an edge as it provides more than 10 advanced educational videos, nurturing the continued growth of traders beyond the basics. Both brokers cater to those needing quick term references, with each offering an investor dictionary comprising over 50 terms. Despite their strengths in different areas, Octa receives a slightly higher overall educational rating of four stars compared to HYCM's 3.5 stars. Interestingly, HYCM is ranked higher by ForexBrokers.com, placing 32nd out of 62, versus Octa's ranking at 41st, indicating varying strengths and emphasis in their educational offerings.
| 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
|
|---|---|---|
| Overall Rating |
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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 | 257 | |
| 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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