Written by ForexBrokers.com
In this head to head comparison of BlackBull Markets vs HYCM (Henyep Capital Markets), we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 51% and 89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
BlackBull Markets and HYCM (Henyep Capital Markets) present themselves as compelling choices for online trading, yet they differ in aspects of trust and regulatory backing. BlackBull Markets, founded in 2014, boasts a ForexBrokers.com Trust Score of 78, categorizing it as an average risk. It holds one highly trusted Tier-1 license, despite not having any Tier-2 licenses. The company is privately held and is not a banking institution, which aligns with its focused trading services.
In contrast, HYCM, established in 1977, earns a higher Trust Score of 86, placing it in the trusted category. It holds two Tier-1 licenses and one Tier-2 license, reflecting a stronger regulatory presence. Like BlackBull Markets, HYCM is also privately held and not a bank. The more extensive regulatory approval and longer market presence may make HYCM a preferable option for those seeking additional assurances in their trading platform.
| Feature |
BlackBull Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Year Founded | 2014 | 1977 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 2 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing BlackBull Markets and HYCM, both brokers stand out with competitive pricing structures that cater to different types of traders. BlackBull Markets offers three primary account types with varying spreads and commissions. The Prime account, which requires a $2,000 minimum deposit, provides an average spread of 0.16 for the EUR/USD and a total cost of 0.76 when factoring in per-side commissions. While the Standard account is commission-free, it comes with higher spreads. On the other hand, the ECN Institutional account is designed for high-volume traders with a $20,000 deposit requirement and lower commission rates.
HYCM provides a competitive Raw account with an all-in cost of about 0.6 pips for EUR/USD pairs, thanks to the reduced spread and commission structure. For traders preferring more predictable expenses, HYCM offers a fixed-spread account with a 1.5 pip spread, while the Classic account starts at a variable 1.2 pip spread. Each account type offers a balance between spread cost and overall fees, allowing traders to select the best fit according to their trading style.
In terms of ratings and industry rankings, both brokers earn a commendable 4.5 out of 5 stars for their commissions and fees. However, HYCM holds a slightly better position, ranking #15 out of 62 brokers according to ForexBrokers.com, compared to BlackBull Markets' rank at #18. These rankings and ratings underscore both brokers as reliable choices for traders mindful of commissions and fees.
| Feature |
BlackBull Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $0 | $20 |
| Average Spread EUR/USD - Standard | 0.71 | 1.2 |
| All-in Cost EUR/USD - Active | 0.71 | 0.6 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing BlackBull Markets and HYCM (Henyep Capital Markets) for their range of investments, notable differences arise. Both brokers offer forex trading through CFDs or spot contracts, making them accessible choices for forex traders. However, BlackBull Markets significantly outpaces HYCM in terms of tradeable symbols, providing an impressive 26,000 compared to HYCM's 1,199. Specifically, in forex pairs, BlackBull Markets edges out slightly with 72 pairs available, just above HYCM's 70. Both platforms enable trading of exchange-traded securities in U.S. and international markets, allowing investments in major companies like Apple and Vodafone. While neither broker supports the direct purchase of actual cryptocurrency, they both offer the ability to trade cryptocurrency derivatives.
Another significant difference lies in copy trading, which is only available through BlackBull Markets, providing added flexibility for traders looking to mirror successful strategies. BlackBull Markets earns a five-star rating for its range of investments, largely attributed to its broad offering, and ranks impressively at number six out of 62 brokers according to ForexBrokers.com. HYCM, while still highly regarded with a four-star rating, ranks at number 33 in the same category. Overall, BlackBull Markets presents a wider array of trading opportunities, appealing greatly to those seeking diverse investment options.
| Feature |
BlackBull Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 26000 | 1199 |
| Forex Pairs (Total) | 72 | 70 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | Yes | Yes |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
Dive deeper: Best Copy Trading Platforms.
BlackBull Markets and HYCM both offer a range of trading platforms and tools, each suitable for traders with different preferences. BlackBull Markets is well-regarded for providing a comprehensive trading experience with features like a free virtual demo account, which is also supported by HYCM. Both brokers offer popular trading platforms, including MetaTrader 4 and MetaTrader 5, and they ensure compatibility with Windows-based desktops and web-based browsers. However, BlackBull Markets does not have a proprietary platform, unlike HYCM, which has developed its own in-house platform.
When it comes to advanced trading features, BlackBull Markets supports copy trading and offers integration with ZuluTrade, whereas HYCM does not support either. BlackBull Markets also impresses with its charting capabilities, offering 60 drawing tools compared to HYCM's 15, though HYCM provides a slightly more detailed watch list setup with 7 columns. Despite these differences, both brokers are held in high regard, each receiving a 4-star rating for their trading platforms and tools. According to ForexBrokers.com, BlackBull Markets ranks higher at 28th place, compared to HYCM’s 40th position among 62 brokers in this category.
| Feature |
BlackBull Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 109 | 30 |
| Charting - Drawing Tools (Total) | 60 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When it comes to mobile trading, BlackBull Markets and HYCM both cater to iPhone and Android users with dedicated apps that facilitate stock and forex trading. Both brokers provide essential features like price alerts and the ability to create watchlists with real-time quotes. For chart enthusiasts, each mobile app offers 30 technical studies and enables users to draw trend lines and view multiple time frames on their charts. A noteworthy advantage is that BlackBull Markets allows watchlist symbol syncing between its mobile app and online account, ensuring a seamless experience, while HYCM currently lacks this feature.
In terms of chart functionality, both BlackBull Markets and HYCM apps autosave your drawings, sparing you from repeating efforts during your analysis. Despite having similar core features, BlackBull Markets edges out slightly in rank, holding the #30 spot with a 4-star rating for its mobile trading app according to ForexBrokers.com, compared to HYCM's #37 ranking also with a 4-star rating. This suggests that BlackBull Markets might offer a slightly more favorable overall user experience in the mobile trading space.
| Feature |
BlackBull Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
BlackBull Markets and HYCM both offer daily market commentary and provide an economic calendar for tracking global news events. However, there are noticeable differences in other research offerings. While HYCM provides forex news from leading sources like Bloomberg and Reuters, BlackBull Markets does not. Instead, BlackBull Markets enhances its research tools by offering Autochartist’s technical and fundamental analysis features and providing a sentiment-based trading tool, which HYCM lacks.
When it comes to additional research tools, HYCM offers services from Trading Central, providing advanced technical analytics that BlackBull Markets does not. Neither broker provides market research from TipRanks or Acuity Trading. Overall, BlackBull Markets scores higher with a 4-star rating for research compared to HYCM's 3.5 stars. Furthermore, in a ranking of 62 brokers, BlackBull Markets places 18th in the research category, while HYCM is ranked 35th according to ForexBrokers.com.
| Feature |
BlackBull Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
BlackBull Markets and HYCM both provide educational resources to help beginners learn about forex and CFDs trading. Both brokers offer a library of more than ten educational pieces, which can include articles, videos, and archived webinars. A significant advantage of BlackBull Markets is their monthly online educational webinars that are available to clients, while HYCM does not provide this feature. Additionally, both brokers maintain a searchable archive of recorded webinars, which is a valuable resource for learners who wish to revisit topics at their own pace.
For those just starting, BlackBull Markets and HYCM offer at least ten videos aimed at introducing beginners to trading topics. BlackBull Markets goes a step further, also supplying a series of advanced videos for experienced traders, a feature HYCM lacks. Both brokers offer an investor dictionary featuring over 50 terms to assist in understanding trading jargon. In terms of overall education ratings, BlackBull Markets slightly outperforms HYCM with a 4 out of 5 stars compared to HYCM’s 3.5. This is reflected in their educational ranking, with BlackBull Markets holding the 29th position compared to HYCM's 32nd out of 62 brokers reviewed by ForexBrokers.com.
| Feature |
BlackBull Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that BlackBull Markets is better than HYCM (Henyep Capital Markets). BlackBull Markets finished with an overall rank of #24, while HYCM (Henyep Capital Markets) finished with an overall rank of #29.
BlackBull Markets is a plain-vanilla MetaTrader broker with a growing range of products and support for a handful of third-party social copy trading platforms.
| Feature |
BlackBull Markets
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HYCM (Henyep Capital Markets)
|
|---|---|---|
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| Trust Score | 78 | 86 |
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Both BlackBull Markets and HYCM (Henyep Capital Markets) provide the ability to trade cryptocurrency derivatives, but neither offers the option to purchase actual (delivered) cryptocurrencies.
Both BlackBull Markets and HYCM (Henyep Capital Markets) offer Skrill, Visa, Mastercard, and bank wires as options for depositing or withdrawing account funds, while neither supports ACH, SEPA transfers, nor PayPal.
Please note:
We review each broker’s overall global offering – a “Yes” checkmark in our Compare Tool does not guarantee the availability of any specific features in your country of residence. To verify the availability of any features within your country of residence, please contact the broker directly.
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0 of 5| Overall Rating | BlackBull Markets | HYCM (Henyep Capital Markets) | |
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| Trust Score | 78 | 86 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | BlackBull Markets | HYCM (Henyep Capital Markets) | |
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| Regulation | BlackBull Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Trust Score | 78 | 86 | |
| Year Founded | 2014 | 1977 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 1 | 2 | |
| Tier-2 Licenses | 0 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | BlackBull Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | Yes | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | BlackBull Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | BlackBull Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 26000 | 1199 | |
| Forex Pairs (Total) | 72 | 70 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | Yes | Yes | |
| Disclaimers | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). | Note: Crypto CFDs are not available to retail traders from any broker's U.K. entity, nor to U.K. residents (except to Professional clients). |
| Cost | BlackBull Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.71 | 1.2 | |
| All-in Cost EUR/USD - Active | 0.71 | 0.6 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | BlackBull Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Minimum Deposit | $0 | $20 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | BlackBull Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | BlackBull Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 109 | 30 | |
| Charting - Drawing Tools (Total) | 60 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | BlackBull Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | BlackBull Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | BlackBull Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | BlackBull Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/USD | Yes | Yes | |
| Review | BlackBull Markets Review | HYCM (Henyep Capital Markets) Review |
| Overall | BlackBull Markets | HYCM (Henyep Capital Markets) | |
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| Trust Score | 78 | 86 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | HYCM (Henyep Capital Markets) Review |
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