HYCM vs Oanda 2026: which is better?
We compared HYCM and Oanda on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences.
Key differences
- HYCM offers a swap-free Islamic account; Oanda does not.
- Oanda holds 7 licences from strong regulators, against 2 for HYCM.
- The minimum deposit at Oanda is $0, against $20 at HYCM.
- Oanda offers copy trading; HYCM does not.
- Oanda offers TradingView, which HYCM does not.
Comparison table
| Comparison table |
HYCM
Broker
|
Oanda
Broker
|
|---|---|---|
| Licences | FCA, DFSA | FCA, ASIC, CFTC, NFA, CIRO, MAS, KNF, FSC (VG) Best |
| Minimum deposit | $20 | $0 Best |
| Maximum leverage | 1:500 | 1:888 |
| Trading platforms | MetaTrader 4, MetaTrader 5, Web Trader, Mobile App, HYCM Trader | MetaTrader 4, MetaTrader 5, TradingView, Web Trader, Mobile App |
| Markets | Forex, Stocks, Cryptocurrencies, Commodities and Gold, Indices | Forex, Stocks, Cryptocurrencies, Commodities and Gold, Indices |
| Islamic account | ✓ Yes | — |
| Demo account | ✓ Yes | ✓ Yes |
| Copy trading | — | ✓ Yes |
| Founded | — | 1996 |
| Read the review | Read the review |
Data is for information only and may change; always check the official website before opening an account.
Add a third broker to the comparison
Choose HYCM if you
- need a swap-free Islamic account
Choose Oanda if you
- want more licences from strong regulators
- want to start with less money
- want to copy other traders
- use TradingView
Frequently asked questions
Which is better, HYCM or Oanda?
We compared HYCM and Oanda on licences, deposits, platforms and accounts. The better choice depends on what you need; these are the main differences. HYCM offers a swap-free Islamic account; Oanda does not. Oanda holds 7 licences from strong regulators, against 2 for HYCM. The best choice depends on your country and trading style, so check which licence your account will be opened under.
Are HYCM and Oanda regulated?
HYCM licences: FCA, DFSA. Oanda licences: FCA, ASIC, CFTC, NFA, CIRO, MAS, KNF, FSC (VG).
What is the minimum deposit at HYCM and Oanda?
HYCM: $20. Oanda: $0.
Do HYCM and Oanda offer an Islamic account?
HYCM: Yes. Oanda: No.