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HFM vs BlackBull Markets 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

Is HFM better than BlackBull Markets? In our analysis of 23 international regulators across 39 of the best forex brokers, HotForex is considered average-risk, with an overall Trust Score of 85 out of 99. BlackBull Markets is considered average-risk, with an overall Trust Score of 74 out of 99. Learn more about Trust Score.

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Overall RatingHFMBlackBull MarketsIG
Overall Rating4 Stars4 Stars5 Stars
Commissions & Fees4 Stars4.5 Stars5 Stars
Offering of Investments4 Stars5 Stars5 Stars
Platform & Tools4 Stars4 Stars5 Stars
Mobile Trading4 Stars4 Stars5 Stars
Research4 Stars4 Stars5 Stars
Education3.5 Stars3.5 Stars5 Stars
Trust Score857499
Winnercheck_circle
ReviewHFM ReviewBlackBull Markets ReviewIG Review
RegulationHFMBlackBull MarketsIG
Trust Score857499
Year Founded201020141974
Publicly Traded (Listed)NoNoYes
BankNoNoYes
Tier-1 Licenses117
Tier-2 Licenses302
Tier-3 Licenses101
Authorised in European UnionYesNoYes
About RegulationA โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.
Tier-1 Licenses (High Trust)HFMBlackBull MarketsIG
ASIC Authorised (Australia)NoNoYes
IIROC Authorised (Canada)NoNoNo
SFC Authorised (Hong Kong)NoNoNo
CBI Authorised (Ireland)NoNoNo
FSA Authorised (Japan)NoNoYes
MAS Authorised (Singapore)NoNoYes
FINMA Authorised (Switzerland)NoNoYes
FCA Authorised (U.K.)YesNoYes
CFTC Registered (USA)NoNoYes
FMA Authorised (New Zealand)NoYesYes
Tier-2 Licenses (Average Trust)HFMBlackBull MarketsIG
CBRC Authorised (China)NoNoNo
CySEC Authorised (Cyprus)YesNoNo
SEBI Authorised (India)NoNoNo
ISA Authorised (Israel)NoNoNo
CBR Authorised (Russia)NoNoNo
FSCA Authorised (South Africa)YesNoYes
SEC Authorised (Thailand)NoNoNo
DFSA / Central Bank Authorised (UAE)YesNoYes
Tier-3 Licenses (Low Trust)HFMBlackBull MarketsIG
SCB Authorised (Bahamas)NoNoNo
IFSC Authorised (Belize)NoNoNo
CIMA Authorised (Cayman Islands)NoNoNo
BMA Authorised (Bermuda)NoNoYes
FSC Authorised (British Virgin Islands)NoNoNo
FSC Authorised (Mauritius)YesNoNo
VFSC Authorised (Vanuatu)NoNoNo
InvestmentsHFMBlackBull MarketsIG
Forex Trading (Spot or CFDs)YesYesYes
Tradeable Symbols (Total)35002600019537
Forex Pairs (Total)4772100
U.S. Stock Trading (Non CFD)NoYesYes
Int'l Stock Trading (Non CFD)NoYesYes
Social Trading / Copy TradingYesYesYes
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)YesYesYes
DisclaimersNote: 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).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).
CostHFMBlackBull MarketsIG
Average Spread EUR/USD - Standard1.2 (August 2021)0.827 (August 2022)0.86 (September 2022)
All-in Cost EUR/USD - Active0.9 (August 2021)0.827 (August 2022)0.5957 (September 2022)
Active Trader or VIP DiscountsNoYesYes
Execution: Agency BrokerNoNoYes
Execution: Market MakerNoYesYes
FundingHFMBlackBull MarketsIG
Minimum Initial Deposit$5$0ยฃ250.00
PayPal (Deposit/Withdraw)NoNoYes
Skrill (Deposit/Withdraw)YesYesNo
Visa/Mastercard (Credit/Debit)YesYesYes
Bank Wire (Deposit/Withdraw)YesYesYes
Trading PlatformsHFMBlackBull MarketsIG
Proprietary PlatformNoNoYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
Social Trading / Copy TradingYesYesYes
MetaTrader 4 (MT4)YesYesYes
MetaTrader 5 (MT5)YesYesNo
cTraderNoYesNo
DupliTradeNoNoNo
ZuluTradeNoYesNo
Trading ToolsHFMBlackBull MarketsIG
Virtual Trading (Demo)YesYesYes
Alerts - Basic FieldsYesYesYes
Watchlists - Total Fields7714
Charting - Indicators / Studies (Total)153033
Charting - Drawing Tools (Total)301520
Charting - Trade From ChartYesYesYes
Charts can be savedYesYesYes
Mobile TradingHFMBlackBull MarketsIG
Android AppYesYesYes
Apple iOS AppYesYesYes
Mobile Alerts - Basic FieldsYesYesYes
Mobile WatchlistYesYesYes
Watchlist SyncingNoNoYes
Mobile Charting - Indicators / Studies303033
Mobile Charting - Draw TrendlinesYesYesYes
Mobile Charting - Multiple Time FramesYesYesYes
Mobile Charting - Drawings AutosaveYesYesYes
Forex CalendarYesYesYes
ResearchHFMBlackBull MarketsIG
Daily Market CommentaryYesYesYes
Forex News (Top-Tier Sources)YesNoYes
AutochartistYesYesYes
Trading Central (Recognia)NoNoNo
Social Sentiment - Currency PairsYesNoYes
Economic CalendarYesYesYes
EducationHFMBlackBull MarketsIG
Has Education - Forex or CFDsYesNoYes
Client WebinarsYesNoYes
Client Webinars (Archived)YesYesYes
Videos - Beginner Trading VideosYesYesYes
Videos - Advanced Trading VideosYesNoYes
Investor Dictionary (Glossary)NoYesYes
Major Forex PairsHFMBlackBull MarketsIG
GBP/USDYesYesYes
USD/JPYYesYesYes
EUR/USDYesYesYes
USD/CHFYesYesYes
USD/CADYesYesYes
NZD/USDYesYesYes
AUD/USDYesYesYes
ReviewHFM ReviewBlackBull Markets ReviewIG Review
OverallHFMBlackBull MarketsIG
Overall Rating4 Stars4 Stars5 Stars
Commissions & Fees4 Stars4.5 Stars5 Stars
Offering of Investments4 Stars5 Stars5 Stars
Platform & Tools4 Stars4 Stars5 Stars
Mobile Trading4 Stars4 Stars5 Stars
Research4 Stars4 Stars5 Stars
Education3.5 Stars3.5 Stars5 Stars
Trust Score857499
Winnercheck_circle
ReviewHFM ReviewBlackBull Markets ReviewIG Review
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HFM vs BlackBull Markets Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare HFM vs BlackBull Markets.

Does HFM or BlackBull Markets 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, IG offers better pricing overall for traders.

Is HFM or BlackBull Markets 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. Both HFM and BlackBull Markets hold 1 global Tier-1 licenses. HFM holds 3 global Tier-2 licenses, while BlackBull Markets holds 0. In our analysis of 23 international regulators across 50 brokers, HFM earned a higher Trust Score than BlackBull Markets.

Which trading platform is better: HFM or BlackBull Markets?

To compare the trading platforms of both HFM and BlackBull Markets, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG 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 HFM and BlackBull Markets offer MetaTrader 4 (MT4).HFM and BlackBull Markets both offer copy trading.

How many forex pairs and CFDs are available to trade?

BlackBull Markets provides traders 72 currency pairs (e.g., EUR/USD) compared to HFM's 47 available pairs. Forex pairs aside, BlackBull Markets offers traders access to 26000 CFDs while HFM has 3500 available CFDs, a difference of 22500.

Can I trust HFM?

HotForex is not publicly traded and does not operate a bank. HotForex is authorised by one tier-1 regulator (high trust), three tier-2 regulators (average trust), and one tier-3 regulator (low trust). HotForex is authorised by the following tier-1 regulator: Financial Conduct Authority (FCA).

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).

Is HFM good?

Alongside its enhanced MetaTrader offering and quality research, HFM (HF Markets), previously known as HotForex, offers a proprietary copy trading platform, HFcopy, and provides a decent selection of over 1,000 CFDs and 47 forex pairs. Still, trading costs at HFM are slightly above the industry average, and its HF mobile app does not yet support trading.

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.

Overall winner: IG

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We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ 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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