HYCM vs OctaFX
Side-by-side comparison of regulation, trading costs, platforms, and account types for HYCM and OctaFX.
HYCMTrust 7.8/10
FCA
DFSA
CIMA
Part of the Henyep Group operating since 1977 in financial services. FCA and DFSA-licensed with a Fixed account that suits volatile-period trading and a Raw account for tight ECN-style execution.
OctaFXTrust 7.6/10
CySEC
FSCA
MISA-Comoros
Commission-free broker built around the proprietary OctaTrader platform with strong emerging-market presence. Default swap-free accounts on every instrument and 100+ local payment options.
Quick verdict
- Trust: HYCM has the higher trust score.
- EUR/USD spread: HYCM is tighter on EUR/USD.
Side-by-side comparison
| Feature | HYCM | OctaFX |
|---|---|---|
| Trust score | 7.8 | 7.6 |
| Regulators | FCA, DFSA, CIMA | CySEC, FSCA, MISA-Comoros |
| Headquarters | United Kingdom | Saint Vincent and the Grenadines |
| Founded | 1989 | 2011 |
| Min deposit | $100 | $25 |
| Max leverage | 1:500 | 1:500 |
| EUR/USD spread | 0.20 pips | 0.60 pips |
| Commission per lot | $8 | $0.00 |
| Raw spread account | ||
| Standard account | ||
| Swap-free account | ||
| cTrader | ||
| MT4 | ||
| MT5 | ||
| TradingView | ||
| Scalping allowed | ||
| EAs / algo allowed | ||
| Hedging allowed | ||
| Copy trading | ||
| Deposit methods | Bank Wire, Credit/Debit Card, Skrill, Neteller | Bank Wire, Credit/Debit Card, Skrill, Neteller, Crypto |
| Withdrawal methods | Bank Wire, Credit/Debit Card, Skrill, Neteller | Bank Wire, Credit/Debit Card, Skrill, Neteller, Crypto |
| Withdrawal speed | 24h | 24h |
| Base currencies | USD, EUR, GBP | USD, EUR |
HYCM is best for
Swing traders
Day traders
Algo traders
OctaFX is best for
Beginners
Swing traders
Copy traders