Written by ForexBrokers.com
In this head to head comparison of OANDA vs HYCM (Henyep Capital Markets), we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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OANDA vs HYCM: ForexBrokers.com’s Trust Score scale rates 90–99 as highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, and under 59 not trusted. OANDA scores 92 (highly trusted), while HYCM scores 85 (trusted).
OANDA was founded in 1996 and HYCM in 1977. Neither broker is publicly traded or a bank. For regulation, OANDA holds seven Tier-1 (highly trusted) licenses and zero Tier-2 (trusted) licenses; HYCM holds two Tier-1 licenses and one Tier-2 license. Both are well regulated, with OANDA carrying more top-tier coverage.
| Feature |
OANDA
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 1996 | 1977 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 2 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing OANDA vs. HYCM (Henyep Capital Markets) for commissions and fees, HYCM comes out ahead on price for most traders. OANDA’s trading costs are generally higher, with average EUR/USD pricing of about 1.61 pips on its standard account, while its core pricing can be cheaper but requires a $10,000 minimum deposit and adds commission. OANDA does offer very small trade sizes, helpful execution, and rebate perks for active traders, but its overall cost structure is not among the lowest in the market. OANDA earns a 4-star rating and ranks #31 out of 36 brokers for commissions and fees.
HYCM offers more competitive pricing, especially on its Raw account, where the all-in EUR/USD cost is about 0.6 pips after commission. Its Classic account is less affordable, starting from 1.2 pips, and its fixed-spread account is listed at 1.5 pips. For traders focused on keeping costs down, HYCM’s Raw account is the better value. HYCM earns a 4.5-star rating and ranks #18 out of 36 brokers for commissions and fees.
In simple terms, OANDA is the better-known choice for flexible trading and small position sizes, while HYCM is the stronger option if your main goal is lower commissions and tighter spreads. If fees are your top priority, HYCM has the edge.
| Feature |
OANDA
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $0 | $20 |
| Average spread (EUR/USD) - Standard account | 1.68 | 1.3 |
| All-in Cost EUR/USD - Active | 1.69 | 0.6 |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
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OANDA and HYCM (Henyep Capital Markets) both give traders access to forex as a CFD or spot contract, along with U.S. and international exchange-traded securities. OANDA, however, offers a wider overall selection, with 4,172 tradable symbols compared with HYCM’s 1,199. OANDA also lists 69 forex pairs, while HYCM offers a slightly larger set of 70 pairs. Both brokers provide cryptocurrency CFDs, but only OANDA lets clients buy actual cryptocurrency and use copy trading.
When it comes to range of investments, OANDA has the edge overall. It is rated 4.5 out of 5 stars and ranks #20 out of 36 brokers in ForexBrokers.com’s Range of Investments category. HYCM is rated 4 out of 5 stars and ranks #28, which still makes it a capable choice, but with fewer total markets and fewer investment features than OANDA.
| Feature |
OANDA
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 4172 | 1199 |
| Forex Pairs (Total) | 69 | 70 |
| U.S. Stocks (Shares) | Yes | Yes |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | Yes | 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.
OANDA and HYCM (Henyep Capital Markets) both give traders a solid mix of platform choices, including a free demo account for practice, their own in-house platform, Windows desktop software, web-based trading, and support for MetaTrader 4 and MetaTrader 5. Both brokers also let you trade directly from charts, which is helpful for making quick moves while analyzing price action. In ForexBrokers.com’s Trading Platforms and Tools review, each broker earned 4 out of 5 stars, showing that both offer a good range of features for everyday traders.
The main difference is that OANDA also offers copy trading, while HYCM does not. That extra tool may appeal to beginners or traders who want to follow other investors’ strategies. When it comes to overall standing, OANDA is ranked #16 out of 36 brokers for Trading Platforms and Tools, compared with HYCM at #33, which suggests OANDA has a slight edge in this category.
| Feature |
OANDA
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 89 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
OANDA and HYCM (Henyep Capital Markets) both give mobile traders the basics they need, with iPhone and Android apps available on each platform. Both also support price alerts, 30 technical studies for charting, trendline drawing, and auto-saving chart drawings. One area where they are the same is watchlist syncing: neither broker syncs watchlists between the mobile app and the online account, so changes made in one place do not carry over to the other.
Where OANDA stands out is in its mobile trading app rating and ranking. OANDA earns 5 out of 5 stars for Mobile Trading Apps and ranks #7 out of 36 brokers on ForexBrokers.com, while HYCM is rated 4 out of 5 stars and ranks #31. For traders who want a more highly rated mobile experience, OANDA has the edge, even though both brokers offer many of the same core app features.
| Feature |
OANDA
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| 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.
When it comes to market research, OANDA and HYCM both give traders daily market commentary, news from top-tier sources like Bloomberg, Reuters, and Dow Jones, plus an economic calendar for tracking key global events. Each broker also offers useful market updates that can help traders stay informed before making decisions.
OANDA stands out with Autochartist, a sentiment tool that shows long and short positioning, and a top Research rating of 5 stars, with a #4 ranking out of 36 brokers by ForexBrokers.com. HYCM, on the other hand, offers Trading Central but does not include Autochartist or sentiment data, and it is rated 3.5 stars for Research and ranked #30 out of 36. For traders who want more research tools and stronger overall market analysis, OANDA has the edge.
| Feature |
OANDA
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | Yes |
| Autochartist | Yes | No |
| Trading Central | No | Yes |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners looking for trading education, OANDA comes out ahead of HYCM (Henyep Capital Markets). OANDA offers forex and CFDs education with at least 10 learning pieces, monthly online client webinars, and more than 10 beginner videos plus more than 10 advanced videos for traders who want to keep learning. This wider mix of forex education, CFDs education, and live webinars makes OANDA a stronger pick for newcomers who want ongoing support and easy-to-follow learning content.
HYCM also provides beginner trading videos and does offer forex or CFDs education, but it falls behind OANDA in a few key areas that matter to new traders. HYCM does not offer monthly educational webinars and does not have at least 10 advanced educational videos, which limits its learning options compared with OANDA. That difference is reflected in their Education scores too: OANDA is rated 5 stars and ranks #18 out of 36 brokers, while HYCM is rated 3.5 stars and ranks #27 out of 36 brokers for education.
| Feature |
OANDA
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that OANDA is better than HYCM (Henyep Capital Markets). OANDA finished with an overall rank of #13, while HYCM (Henyep Capital Markets) finished with an overall rank of #26.
A trusted global brand, OANDA stands out for its reputation and quality market research. Its regulatory track record is strong, and its support for third-party features bolsters its overall offering.
| Feature |
OANDA
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HYCM (Henyep Capital Markets)
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|---|---|---|
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| Trust Score | 92 | 85 |
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In a head-to-head comparison, OANDA offers both actual (delivered) cryptocurrency purchases and cryptocurrency CFDs, while HYCM (Henyep Capital Markets) provides cryptocurrency trading only via CFDs and not as delivered assets.
In the OANDA vs HYCM (Henyep Capital Markets) comparison of deposit and withdrawal methods, OANDA supports ACH/SEPA transfers, PayPal, Skrill, and bank wires, while HYCM supports Skrill and bank wires but not ACH/SEPA or PayPal; card options are not specified for either broker.
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 | OANDA | HYCM (Henyep Capital Markets) | |
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| Trust Score | 92 | 85 | |
| Winner | check_circle | ||
| Review | OANDA Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | OANDA | HYCM (Henyep Capital Markets) | |
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| Regulation | OANDA | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trust Score | 92 | 85 | |
| Year Founded | 1996 | 1977 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 2 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | OANDA | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (FSA Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | Yes | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | OANDA | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | OANDA | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 4172 | 1199 | |
| Forex Pairs (Total) | 69 | 70 | |
| U.S. Stocks (Shares) | Yes | Yes | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | Yes | 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 | OANDA | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.68 | 1.3 | |
| All-in Cost EUR/USD - Active | 1.69 | 0.6 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | OANDA | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | $0 | $20 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | OANDA | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | No |
| Trading Tools | OANDA | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 89 | 30 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | OANDA | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| 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 | OANDA | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | OANDA | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | OANDA Review | HYCM (Henyep Capital Markets) Review |
| Overall | OANDA | HYCM (Henyep Capital Markets) | |
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| Trust Score | 92 | 85 | |
| Winner | check_circle | ||
| Review | OANDA Review | HYCM (Henyep Capital Markets) Review |
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