BlackBull Markets vs HYCM (Henyep) Comparison
Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare BlackBull Markets vs HYCM (Henyep).
Does BlackBull Markets or HYCM (Henyep) offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, HYCM (Henyep)
offers better pricing overall for traders.
Is BlackBull Markets or HYCM (Henyep) safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. HYCM (Henyep) holds 2 global Tier-1 licenses, while BlackBull Markets holds 1. HYCM (Henyep) holds 2 global Tier-2 licenses, while BlackBull Markets holds 0. In our analysis of 23 international regulators across 50 brokers, HYCM (Henyep) earned a higher Trust Score than BlackBull Markets.
Which trading platform is better: BlackBull Markets or HYCM (Henyep)?
To compare the trading platforms of both BlackBull Markets and HYCM (Henyep), we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, BlackBull Markets offers a better experience. With research, BlackBull Markets offers superior market research. Finally, we found BlackBull Markets to provide better mobile trading apps.
What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both BlackBull Markets and HYCM (Henyep) offer MetaTrader 4 (MT4).Copy trading is not offered by either broker.
How many forex pairs and CFDs are available to trade?
BlackBull Markets provides traders 72 currency pairs (e.g., EUR/USD) compared to HYCM (Henyep)'s 70 available pairs. Forex pairs aside, BlackBull Markets offers traders access to 26000 CFDs while HYCM (Henyep) has 362 available CFDs, a difference of 25638.
Can I trust BlackBull Markets?
BlackBull Markets is not publicly traded, does not operate a bank, and is authorised by one tier-1 regulators (high trust), zero tier-2 regulator (average trust), and zero tier-3 regulators (low trust). BlackBull Markets is authorised by the following tier-1 regulators: Financial Markets Authority (FMA).
Can I trust HYCM (Henyep)?
HYCM is not publicly traded and does operate a bank. HYCM is authorised by two tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). HYCM is authorised by the following tier-1 regulators: Securities Futures Commission (SFC) and Financial Conduct Authority (FCA).
Is BlackBull Markets good?
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.
Is HYCM (Henyep) good?
HYCM is a trusted brand that offers a straightforward MetaTrader platform experience. Its Raw account delivers competitive pricing, and traders gain access to third-party modules from Trading Central as well as exchange-traded securities (available through a separate platform). That said, HYCM offers a narrow range of symbols to forex and CFD traders.
Overall winner: BlackBull Markets
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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.