Octa vs. HYCM

Octa

$25 min. deposit

1:500 leverage

Updated Apr 2024

HYCM

$100 min. deposit

1:500 leverage

85% of retail CFD accounts lose money

Updated Jan 2024

  • Overall
    4.0 / 5
  • Markets
    4.0 / 5
  • Trading environment
    4.5 / 5
  • Deposits and withdrawals
    4.4 / 5
  • Investor protection
    3.0 / 5
  • Customer service
    4.3 / 5
  • Likes
  • Trade without restrictions on MetaTrader or OctaTrader.
  • Enjoy a 10% to 50% bonus on every deposit.
  • Fast and free deposits and withdrawals.
  • Copy trading is available.
  • Dislikes
  • You cannot buy shares or cryptocurrency (only CFDs).
  • Only supports 2 account base currencies: USD, EUR.
  • Overall
    4.2 / 5
  • Markets
    5.0 / 5
  • Trading environment
    3.8 / 5
  • Deposits and withdrawals
    4.4 / 5
  • Investor protection
    3.8 / 5
  • Customer service
    4.0 / 5
  • Likes
  • Trade CFDs or invest in over 1,000 "real" stocks.
  • Trade on MetaTrader 4 or MetaTrader 5.
  • Get free signals from Trading Central.
  • Open a trading account in USD, EUR, GBP, CAD and AED.
  • Dislikes
  • Trading fees on its Fixed and Classic accounts are a little high.
  • Monthly inactivity fees apply after 90 days.
  • Copy trading isn't possible.

Easily navigate this review:

Markets
Asset classes (#)Visit Octa Visit HYCM
Forex (CFD)3567
Cryptos (CFD)*3128
Stocks (CFD)160151
Stocks1080
Indices (CFD)1027
Metals (CFD)213
Energy (CFD)23
Commodities (CFD)4

* Availability is subject to local laws and regulations.

Trading environment
PlatformsVisit Octa Visit HYCM
MT4
MT5
Copy trading
Other platformsOctaTrader
Deposits and withdrawals
Deposits and withdrawals (Fiat)Visit Octa Visit HYCM
Bank transfer
Debit card
Credit card
NETELLER *
Skrill *
WebMoney
2c2p
Deposits and withdrawals (Crypto)Visit Octa Visit HYCM
BTC (Bitcoin)
DOGE (Dogecoin)
ETH (Ethereum)
LTC (Litecoin)
USDT (Tether)
Account base currenciesVisit Octa Visit HYCM
AED
EUR
GBP
USD
Investor protection
Regulated entitiesVisit Octa Visit HYCM
Cayman Islands
Cyprus (EU)
South Africa
St. Vincent & the Grenadines
UAE
UK
Union of Comoros
Octa

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HYCM

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85% of retail CFD accounts lose money