Eightcap vs HYCM - BrokerCue
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Broker Comparison

Eightcap vs HYCM

Compare Eightcap and HYCM side by side: fees, regulation, platforms.

Eightcap

Eightcap

CFD traders who use MT5 or TradingView

Eightcap is a CFD broker offering forex, shares, indices, commodities and crypto on MT5 and TradingView, withโ€ฆ

VS
HYCM

HYCM

Experienced forex and CFD traders

HYCM is a multi-regulated forex and CFD broker backed by Henyep Group, offering MetaTrader 4 and MetaTrader 5โ€ฆ

Head-to-head comparison

Eightcap vs HYCM
Feature Eightcap HYCM
Minimum deposit โ‚ฌ100 -
Stock trading fee - Available as CFDs; pricing via spread
Regulators CySEC FCA, DFSA, CIMA
Best for CFD traders who use MT5 or TradingView Experienced forex and CFD traders
Markets & account
Stocks
ETFs
-
Forex
CFDs
Crypto
-
Demo Account
Margin
-
Multi Currency
-

Pros & cons

Eightcap

Eightcap

Pros

  • Raw account spreads start from 0.0 pips
  • Standard and TradingView accounts show no commission
  • No internal fees for deposits or withdrawals
  • TradingView account includes Pine Script automation
  • Demo accounts allow up to 35 days or 5000 orders
  • EUR, GBP and USD account base currencies are available

Cons

  • Raw account commission is 2.75 EUR, 3.5 USD or 2.25 GBP
  • All listed account types require a โ‚ฌ100 minimum deposit
  • Bank withdrawals can take 3-7 working days
  • Wire withdrawals may cost $/ยฃ 8 or โ‚ฌ4 - โ‚ฌ10 EUR
  • Demo accounts expire after 35 days or 5000 orders
  • No interest is paid on account funds
  • Professional clients may not get negative balance protection
HYCM

HYCM

Pros

  • FCA-regulated with FSCS protection up to ยฃ85,000
  • Raw account spreads from 0.1 pips on forex
  • Low swap rates suit swing and position traders
  • Low minimum deposit of $20
  • Free demo account available
  • Multiple account types including Fixed, Classic and Raw
  • Backed by Henyep Group, a financial conglomerate established in 1977

Cons

  • Fixed and Classic account spreads above industry average
  • CySEC license voluntarily renounced in June 2024 - no EU regulated entity
  • Crypto CFDs unavailable to UK FCA-regulated clients
  • $10 monthly inactivity fee after 90 days
  • $30 fee on bank wire withdrawals under $300
  • No copy trading or social trading features
  • No TradingView or cTrader integration
  • Demo accounts expire after 90 days
Eightcap

Eightcap

Eightcap is a CFD broker offering forex, shares, indices, commodities and crypto on MT5 and TradingView, with a โ‚ฌ100 minimum deposit.

Your capital is at risk. Other fees apply.

HYCM

HYCM

HYCM is a multi-regulated forex and CFD broker backed by Henyep Group, offering MetaTrader 4 and MetaTrader 5 across forex, indices, commodities, stocks and crypto.

Your capital is at risk. Other fees apply.

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