Is BlackBull Markets better than HFM (HF Markets)? In our analysis of 23 international regulators across 39 brokers, BlackBull Markets is considered average-risk, with an overall Trust Score of 74 out of 99. HotForex is considered average-risk, with an overall Trust Score of 85 out of 99. Learn more about Trust Score.
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HFM (HF Markets) vs BlackBull Markets 2021
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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Overall Rating
| Feature | HFM (HF Markets) | BlackBull Markets |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading Apps | ||
| Research | ||
| Education | ||
| Trust Score | 85 | 74 |
| HFM (HF Markets) Review | BlackBull Markets Review | |
| 72.03% of retail CFD accounts lose money | ||
| Winner | check_circle |
Regulation
| Feature | HFM (HF Markets) | BlackBull Markets |
| Trust Score | 85 | 74 |
|
Year Founded |
2010 | 2014 |
|
Publicly Traded (Listed) |
No | No |
|
Bank |
No | No |
|
Tier-1 Licenses |
1 | 1 |
|
Tier-2 Licenses |
3 | 0 |
|
Tier-3 Licenses |
1 | 0 |
|
Authorised in the European Union |
Yes | No |
Tier-1 Licenses (High Trust)
| Feature | HFM (HF Markets) | BlackBull Markets |
|
ASIC Authorised (Australia) |
No | No |
|
IIROC Authorised (Canada) |
No | No |
|
SFC Authorised (Hong Kong) |
No | No |
|
CBI Authorised (Ireland) |
No | No |
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FSA Authorised (Japan) |
No | No |
|
MAS Authorised (Singapore) |
No | No |
|
FINMA Authorised (Switzerland) |
No | No |
|
FCA Authorised (UK) |
Yes | No |
|
CFTC Registered (USA) |
No | No |
|
FMA Authorised (New Zealand) |
No | Yes |
Tier-2 Licenses (Average Trust)
| Feature | HFM (HF Markets) | BlackBull Markets |
|
CBRC Authorised (China) |
No | No |
|
CySEC Authorised (Cyprus) |
Yes | No |
|
SEBI Authorised (India) |
No | No |
|
ISA Authorised (Israel) |
No | No |
|
CBR Authorised (Russia) |
No | No |
|
FSCA Authorised (South Africa) |
Yes | No |
|
SEC Authorised (Thailand) |
No | No |
|
DFSA / Central Bank Authorised (UAE) |
Yes | No |
Tier-3 Licenses (Low Trust)
| Feature | HFM (HF Markets) | BlackBull Markets |
| SCB Authorised (Bahamas) | No | No |
| IFSC Authorised (Belize) | No | No |
|
Cayman Islands Monetary Authority (CIMA) |
No | No |
| BMA Authorised (Bermuda) | No | No |
|
FSC Authorised (British Virgin Islands) |
No | No |
|
FSC Authorised (Mauritius) |
Yes | No |
|
VFSC Authorised (Vanuatu) |
No | No |
Investments
| Feature | HFM (HF Markets) | BlackBull Markets |
|
Forex Trading |
Yes | Yes |
|
CFD Trading |
Yes | Yes |
|
Tradeable Symbols (Total) |
1066 | 23000 |
|
Forex Pairs (Total) |
47 | 72 |
|
US Stock Trading (Non CFD) |
No | Yes |
|
Int'l Stock Trading (Non CFD) |
No | Yes |
|
Social Trading / Copy-Trading |
Yes | Yes |
|
Cryptocurrency (Physical) |
No | No |
|
Cryptocurrency (CFD) |
Yes | Yes |
| Crypto Disclaimer (UK) | 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
| Feature | HFM (HF Markets) | BlackBull Markets |
|
Average Spread EUR/USD - Standard |
1.2 (August 2021) | 0.845 (October, 2021) |
|
All-in Cost EUR/USD - Active |
0.9 (August 2021) | 0.845 (October, 2021) |
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Active Trader or VIP Discounts |
No | Yes |
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Execution: Agency Broker |
No | No |
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Execution: Market Maker |
No | Yes |
Funding
| Feature | HFM (HF Markets) | BlackBull Markets |
|
Minimum Deposit |
$5 | $50 |
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Bank Wire (Deposit/Withdraw) |
Yes | Yes |
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Visa/Mastercard (Credit/Debit) |
Yes | Yes |
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PayPal (Deposit/Withdraw) |
No | No |
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Skrill (Deposit/Withdraw) |
Yes | Yes |
Trading Platforms
| Feature | HFM (HF Markets) | BlackBull Markets |
|
Proprietary Platform |
No | No |
|
Desktop Platform (Windows) |
Yes | Yes |
|
Web Platform |
Yes | Yes |
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Social Trading / Copy-Trading |
Yes | Yes |
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MetaTrader 4 (MT4) |
Yes | Yes |
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MetaTrader 5 (MT5) |
Yes | Yes |
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cTrader |
No | No |
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DupliTrade |
No | No |
|
ZuluTrade |
No | Yes |
Trading Tools
| Feature | HFM (HF Markets) | BlackBull Markets |
|
Virtual Trading (Demo) |
Yes | Yes |
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Alerts - Basic Fields |
Yes | Yes |
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Watchlists - Total Fields |
7 | 7 |
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Charting - Indicators / Studies (Total) |
15 | 30 |
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Charting - Drawing Tools (Total) |
30 | 15 |
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Charting - Trade From Chart |
Yes | Yes |
|
Charting - Drawings Autosave |
No | No |
Mobile Trading
| Feature | HFM (HF Markets) | BlackBull Markets |
|
Android App |
Yes | Yes |
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Apple iOS App |
Yes | Yes |
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Alerts - Basic Fields |
Yes | Yes |
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Watch List |
Yes | Yes |
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Watch List Syncing |
No | No |
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Charting - Indicators / Studies |
30 | 30 |
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Charting - Draw Trendlines |
Yes | Yes |
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Charting - Trendlines Moveable |
No | No |
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Charting - Multiple Time Frames |
Yes | Yes |
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Charting - Drawings Autosave |
Yes | Yes |
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Forex Calendar |
Yes | Yes |
Research
| Feature | HFM (HF Markets) | BlackBull Markets |
|
Daily Market Commentary |
Yes | Yes |
|
Forex News (Top-Tier Sources) |
Yes | No |
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Autochartist |
Yes | No |
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Trading Central (Recognia) |
No | No |
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Delkos Research |
No | No |
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Social Sentiment - Currency Pairs |
Yes | No |
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Economic Calendar |
Yes | Yes |
Education
| Feature | HFM (HF Markets) | BlackBull Markets |
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Has Education - Forex or CFDs |
Yes | No |
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Client Webinars |
Yes | No |
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Client Webinars (Archived) |
Yes | Yes |
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Videos - Beginner Trading Videos |
Yes | Yes |
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Videos - Advanced Trading Videos |
Yes | No |
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Investor Dictionary (Glossary) |
No | Yes |
Major Forex Pairs
| Feature | HFM (HF Markets) | BlackBull Markets |
|
GBP/USD |
Yes | Yes |
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USD/JPY |
Yes | Yes |
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EUR/USD |
Yes | Yes |
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USD/CHF |
Yes | Yes |
|
USD/CAD |
Yes | Yes |
|
NZD/USD |
Yes | Yes |
|
AUD/USD |
Yes | Yes |
Overall
| Feature | HFM (HF Markets) | BlackBull Markets |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading Apps | ||
| Research | ||
| Education | ||
| Trust Score | 85 | 74 |
| HFM (HF Markets) Review | BlackBull Markets Review |
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 BlackBull Markets vs HFM (HF Markets).
Does BlackBull Markets or HFM (HF 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, BlackBull Markets offers better pricing overall for traders.
Is BlackBull Markets or HFM (HF 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 BlackBull Markets and HFM (HF Markets) hold 1 global Tier-1 licenses. HFM (HF Markets) holds 3 global Tier-2 licenses, while BlackBull Markets holds 0. In our analysis of 23 international regulators across 50 brokers, HFM (HF Markets) earned a higher Trust Score than BlackBull Markets.
Which trading platform is better: BlackBull Markets or HFM (HF Markets)?
To compare the trading platforms of both BlackBull Markets and HFM (HF Markets), we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, BlackBull Markets offers a better experience. With research, HFM (HF 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. BlackBull Markets and HFM (HF Markets) both offer copy trading. Both BlackBull Markets and HFM (HF Markets) offer MetaTrader 4 (MT4).
How many forex pairs and CFDs are available to trade?
BlackBull Markets provides traders 72 currency pairs (e.g., EUR/USD) compared to HFM (HF Markets)'s 47 available pairs. Forex pairs aside, BlackBull Markets offers traders access to 23000 CFDs while HFM (HF Markets) has 1066 available CFDs, a difference of 21,934.
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 HFM (HF Markets)?
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).
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 HFM (HF Markets) 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.
Overall winner: HFM (HF Markets)
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Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published website as of 01/10/2022 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the "Contact" link at the bottom of this page.
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