Updated October 13, 2026 · BrokerCue Editorial Team
Eightcap vs HYCM
Where Eightcap and HYCM differ
| Compare |  Eightcap |  HYCM |
|---|---|---|
| Minimum deposit | $100 | $20Lower |
| Markets | Stocks, Forex, CFDs, Crypto | Stocks, ETFs, Forex, CFDs, CryptoCovers more |
| Regulators | Seychelles Financial Services Authority, Mauritian Financial Services Commission, Securities Commission of The Bahamas | Financial Conduct Authority (FCA) |
| Platforms | TradingView, TradeLocker, MetaTrader 4, MetaTrader 5 | MT4, MT5, HYCM Trader |
| Stock trade fee | Not confirmed | $0 |
| Investor protection | Not confirmed | FSCS up to GBP 85,000 |
| Deposit and withdrawal fees | Not confirmed | $0 card deposits |
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Key differences
- Regulators: only Eightcap offers Seychelles Financial Services Authority, Mauritian Financial Services Commission, Securities Commission of The Bahamas.
- Regulators: only HYCM offers Financial Conduct Authority (FCA).
- Eightcap is licensed in 2 more countries.
- Minimum deposit is lower at HYCM: $20 vs $100.
- Markets: only HYCM offers ETFs.
- Platforms: only Eightcap offers TradingView, TradeLocker, MetaTrader 4.
- Platforms: only HYCM offers MT4, MT5, HYCM Trader.
- Support channels: only Eightcap offers Email, Chat, Community.
- Features: only Eightcap offers Demo account.
- Features: only HYCM offers Mobile app.
Our verdict on each
Eightcap
Eightcap trades broad CFD access for direct ownership, since all positions track price moves without holding assets. For active traders comfortable with leverage, it pairs wide market cover with familiar external platforms and round the clock weekday guidance and practical learning tools.
HYCM
HYCM suits UK and European retail traders who want forex, CFDs, shares, ETFs and crypto on one account. Commission-free pricing with a stock trade fee of $0 and a minimum deposit of $20 keeps charges easy to read, though help runs thinner than at the alternatives.
Score breakdown
| Area | Eightcap | HYCM |
|---|---|---|
| Cost | 8.5 | 9.1HigherCost side is simple: a commission-free model and card deposits at $0 card deposits. |
| Offer | 9.6Higher | 9.0 |
| Trust | 9.8Higher | 8.6 |
Side by side, item by item
| Markets | Eightcap | HYCM |
|---|---|---|
| Stocks | Yes | Yes |
| ETFs | No | Yes |
| Forex | Yes | Yes |
| CFDs | Yes | Yes |
| Crypto | Yes | Yes |
What we checked
Eightcap
- eightcap.com: 9 facts, checked September 26, 2026
HYCM
- hycm.com: 11 facts, checked September 26, 2026
How they place
| Ranking | Eightcap | HYCM |
|---|---|---|
| Stock and ETF brokers | 310 of 471 | 162 of 471 |
| Forex brokers | 105 of 147 | 70 of 147 |
| Low-spread forex brokers | 103 of 145 | 68 of 145 |
| CFD brokers | 87 of 122 | 59 of 122 |
Every fact side by side
| Fact | Eightcap | HYCM |
|---|---|---|
| Features | Crypto, Demo account | Mobile app, Crypto |
| Pricing model | Commission free | Commission free |
| Legal entity | Eightcap International Ltd | HYCM Capital Markets (UK) Limited |
| Headquarters | Bahamas | Not confirmed |
| Support channels | Email, Chat, Help centre, CommunityCovers more | Help centre |
Prop firms
| Fact | Eightcap | HYCM |
|---|---|---|
| Challenge price | $59 to $1,299 | Not confirmed |
| Profit split | 80% to 90% | Not confirmed |
| Maximum drawdown | 8% to 10% | Not confirmed |
| Evaluation steps | 2 step | Not confirmed |
| Account sizes | $5K - $200K | Not confirmed |
| Daily loss limit | 4% to 5% | Not confirmed |
| Payout frequency | Every 14 days | Not confirmed |
Where each stands against the rest
| Fact | Eightcap | HYCM | Median |
|---|---|---|---|
| Minimum deposit | $100above the median | $20below the median | $25 |
| Stock trade fee | Not confirmed | $0at the median | $0 |
Median across 134 listed brokers.
Pros and cons
Eightcap
Pros
- Access to more than 850 CFD markets across global asset classes
- Choice of four external platforms with advanced charting and indicators
- Multilingual help available through the working week plus learning resources
Cons
- Leveraged products bring high risk of losing money quickly
- CFD only access gives price exposure without owning assets
HYCM
Pros
- Commission-free dealing with a stock trade fee of $0
- Entry of $20, below the site median of €4.64
- Card deposits at $0 card deposits
Cons
- Support runs on help centre only
- No bonds, funds or futures in the stocks, etfs and forex list
- Entry of $20 sits above the $0 minimum at CFI
Who each suits
Eightcap
Who it suits
- Active traders who want wide CFD coverage
- Chart led traders who use external platforms
Who should look elsewhere
- Investors who want to own shares outright
HYCM
Who it suits
- Retail traders in the UK and Europe who want forex and CFDs beside shares and crypto in one account
- Beginners who prefer commission-free dealing to a tiered commission schedule
- Anyone who values a low entry point of $20 and a mobile app
Who should look elsewhere
- eToro, if you need futures as well as the stocks, etfs and forex it lists
- CFI, if you would rather start at $0
- Vantage, whose $5 entry sets a different bar
Questions about each
Eightcap
What does Eightcap offer?+
Eightcap focuses on contracts for difference for speculation on rising and falling prices. Positions track global markets without transferring ownership of the underlying asset. The service centres on leveraged derivatives for active traders.
Which markets can be traded at Eightcap?+
Coverage spans more than 850 CFD markets across several major groups. You can follow forex, indices, commodities, stocks and cryptocurrencies from one service. Tools for charting, analysis and risk control support movement based trading.
HYCM
What does it cost to buy shares with HYCM?+
HYCM trades commission-free, and the stock trade fee on the account types is $0. Deals are not split into tiers, so the headline dealing charge is easy to read. Costs still show up in the spread and in overnight charges if you hold leveraged positions open.
How much do I need to deposit to open an account?+
The minimum deposit is $20, which sits below the site median of €4.64. On entry size HYCM ranks 118 of 213 brands, so the opening balance is modest. Stock dealing itself adds a stock trade fee of $0.
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