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Data refreshed 25 Aug 2026 · Compiled by David Ispiryan
Trust rank #30 · Editorial rating 8.7 / 10 · Founded 1977
HYCM is a well-regarded forex and CFD broker offering access to a broad range of currency pairs and other markets on MetaTrader platforms. It provides flexible account types, education and research resources,…
Read the HYCM review
Trust rank #19 · Founded 1996
OANDA is a well-regarded, regulated forex broker offering broad access to major currency pairs through intuitive web and mobile trading platforms. It provides order execution, research, charting, and educational resources, with products…
Read the OANDA reviewHYCM (United Kingdom, founded 1977) holds 4 regulatory licences (CIMA, CySEC, DFSA, FCA), 1 of them tier-1, offers MT4, MT5 and sits in our medium-fee bracket. OANDA (Canada, founded 1996) holds 13 regulatory licences (ASIC, BVI FSC, CFTC, CIRO, FCA…), 7 of them tier-1, offers MT4, Proprietary, TradingView and sits in our low-fee bracket. The two overlap in 44 countries; HYCM is available in 161 countries where OANDA is not, and OANDA in 9 where HYCM is not.
Scored on 8 measurable dimensions where both brokers have verified data. Dimensions missing for either side are excluded rather than guessed. This is a data summary, not a recommendation.
| Criteria | HYCM | OANDA |
|---|---|---|
| Editorial rating | 8.7 / 10 | Not verified |
| Trust rank | #30 | #19 |
| Founded | 1977 | 1996 |
| Headquarters | United Kingdom | Canada |
| Regulators | CIMA, CySEC, DFSA, FCA | ASIC, BVI FSC, CFTC, CIRO, FCA, FFAJ, JFSA, JSDA, Kanto Local Finance Bureau, KNF, MAS, MFSA, NFA |
| Broker type | Market Maker, STP | Market Maker |
| Platforms | MT4, MT5 | MT4, Proprietary, TradingView |
| Instruments | Commodities, Cryptocurrencies, Forex, Indices, Metals | Commodities, Forex, Indices, Metals |
| Countries accepted | 205 countries | 53 countries |
| Fee level | Medium | Low |
| Trading types | CFD Trading, Spot Trading | CFD Trading, Spot Trading |
| Best-for use cases | Professional Trading, Retail Trading | Professional Trading, Retail Trading |
Highlighted cells mark the stronger value where a direction is objectively better (e.g. more licences, lower fees). "Not verified" means the field is not yet in our catalogue for that broker — we never fill gaps with estimates.
Available at both (44): American Samoa, Australia, Austria, Bulgaria, Chile, Christmas Island, Cocos (Keeling) Islands, Colombia, Croatia, Czechia, Denmark, Estonia, Finland, Germany, Greece, Guam, Hungary, Indonesia, Ireland, Italy, Japan, Latvia, Lithuania, Luxembourg, Macao, Malaysia, Malta, Mexico, Netherlands, Norfolk Island, Northern Mariana Islands, Poland, Puerto Rico, Romania, Singapore, Slovakia, Slovenia, Sweden, Taiwan, Thailand and 4 more.
Only HYCM (161): Algeria, Andorra, Angola, Anguilla, Antigua and Barbuda, Argentina, Armenia, Aruba, Azerbaijan, Bahamas, Bahrain, Bangladesh, Belize, Benin, Bermuda, Bhutan, Bolivia, Bonaire, Bosnia and Herzegovina, Botswana, Brazil, Brunei, Burundi, Cabo Verde, Cameroon and 136 more.
Only OANDA (9): Belgium, Canada, Cyprus, France, Hong Kong, Philippines, Portugal, Spain, United States of America.
Availability reflects the countries each broker declares it serves. Local rules change; confirm on the broker's own site before signing up.
OANDA holds more regulatory licences: HYCM (CIMA, CySEC, DFSA, FCA) versus OANDA (ASIC, BVI FSC, CFTC, CIRO, FCA, FFAJ, JFSA, JSDA, Kanto Local Finance Bureau, KNF, MAS, MFSA, NFA). Tier-1 licences: HYCM 1, OANDA 7.
HYCM offers MT4, MT5; OANDA offers MT4, Proprietary, TradingView.
OANDA is in the lower fee bracket (medium vs low) in our catalogue.
HYCM is the older of the two, founded in 1977; OANDA was founded in 1996.
They overlap in 44 countries. HYCM is additionally available in 161 countries (Algeria, Andorra, Angola, Anguilla, Antigua and Barbuda, Argentina and 155 more) and OANDA in 9 countries (Belgium, Canada, Cyprus, France, Hong Kong, Philippines and 3 more).
Risk warning: CFDs and forex are complex, leveraged instruments and carry a high risk of losing money rapidly. A majority of retail investor accounts lose money when trading CFDs. Nothing on this page is financial advice; verify licence status on the regulator's register before depositing. Full risk disclosure.