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.
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Here’s how BlackBull Markets compares with HYCM (Henyep Capital Markets) on regulation and safety. ForexBrokers.com’s Trust Score scale is: 90–99 highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, and below 59 not trusted.
BlackBull Markets, founded in 2014, is not publicly traded or a bank, holds 1 Tier-1 license (considered highly trusted by ForexBrokers.com) and 0 Tier-2 licenses; its Trust Score is 77, which is in the average-risk range. HYCM, founded in 1977, is also not publicly traded or a bank, holds 2 Tier-1 and 1 Tier-2 licenses, and has a Trust Score of 85, which falls in the trusted range.
| 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 |
BlackBull Markets and HYCM (Henyep Capital Markets) both earn strong marks for commissions and fees, each receiving 4.5 out of 5 stars. That said, BlackBull ranks higher in this category, coming in at #9 out of 36 brokers, while HYCM is ranked #18 out of 36. For most everyday traders, BlackBull’s pricing is about average overall, but the exact cost depends on the account type you choose.
At BlackBull Markets, the Standard account is commission-free and has no minimum deposit, but it usually comes with wider spreads. The Prime account is cheaper for active trading, with an average EUR/USD spread of 0.16 and an all-in cost of about 0.76 pips after commission, but it requires a $2,000 minimum deposit. BlackBull’s ECN Institutional account is aimed at higher-volume traders, with a $20,000 minimum deposit and lower commissions of $2 per side.
HYCM offers competitive pricing too, especially on its Raw account, where the all-in EUR/USD cost is about 0.6 pips after commission. Its Classic account is more expensive, with spreads starting from 1.2 pips, and its fixed-spread account lists a spread of 1.5 pips. In simple terms, HYCM can be a good fit if you want low-cost raw pricing, while BlackBull gives you more account choices and a better ranking in the commissions and fees category.
| Feature |
BlackBull Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $0 | $20 |
| Average spread (EUR/USD) - Spread-only account | 1.16 | 1.3 |
| All-in Cost EUR/USD - Raw spread account | 0.76 | 0.6 |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
BlackBull Markets offers a wider range of investments than HYCM (Henyep Capital Markets), with 26,000 tradeable symbols compared with HYCM’s 1,199. Both brokers support forex trading, with BlackBull listing 72 forex pairs and HYCM offering 70, so their currency selections are very similar. Each also lets clients trade exchange-traded securities on both U.S. and international exchanges, buy cryptocurrency CFDs, and access forex as a CFD or spot contract. Neither broker supports buying actual delivered cryptocurrency.
Where BlackBull Markets stands out is copy trading, which HYCM does not offer. This broader menu of markets helps explain BlackBull’s stronger rating for range of investments, where it scores 5 out of 5 stars and ranks #7 out of 36 brokers on ForexBrokers.com. HYCM, while still offering a solid mix of assets, is rated 4 out of 5 stars and ranks #28, reflecting a more limited overall selection.
| 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. Stocks (Shares) | Yes | Yes |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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 give traders a good set of platform choices, including free demo accounts, desktop downloads for Windows, web-based trading, and access to MetaTrader 4 and MetaTrader 5. Each also lets users trade directly from charts, which can make order placement faster and easier. In ForexBrokers.com’s Trading Platforms and Tools review, both brokers are rated 4 out of 5 stars.
The main difference is that HYCM offers its own in-house trading platform, while BlackBull Markets does not. On the other hand, BlackBull Markets includes copy trading, which HYCM does not. In the same category, BlackBull Markets ranks #26 out of 36 brokers, while HYCM ranks #35, giving BlackBull Markets a slight edge overall for platforms and tools.
| Feature |
BlackBull Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 109 | 30 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
BlackBull Markets and HYCM (Henyep Capital Markets) both give mobile traders a similar set of core tools. Each broker offers iPhone and Android apps, price alerts, 30 technical studies for charting, trendline drawing, and auto-saving for chart drawings. Both mobile apps are also rated 4 out of 5 stars for Mobile Trading Apps, so in day-to-day use, neither broker has a clear edge on the basics.
The main difference is watchlist syncing. BlackBull Markets lets you sync watchlists between its mobile app and online account, so updates carry over either way, while HYCM does not offer this feature. That extra convenience helps BlackBull Markets stand out a bit more, which may explain its stronger ForexBrokers.com ranking for mobile trading apps: #29 out of 36 brokers, compared with HYCM at #33.
| Feature |
BlackBull Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, BlackBull Markets and HYCM (Henyep Capital Markets) both give traders useful basics like daily market commentary and an economic calendar with upcoming global events. That said, HYCM has an edge for staying on top of major headlines because it offers forex news from top-tier sources such as Bloomberg, Reuters, or Dow Jones, while BlackBull Markets does not. BlackBull, however, stands out for its Autochartist tools and sentiment-based trading features, which can help traders spot patterns and gauge market mood more easily.
HYCM is stronger in Trading Central research tools, while BlackBull does not offer them. Neither broker includes TipRanks or Acuity Trading tools. Overall, BlackBull Markets scores higher for research with 4.5 out of 5 stars and a #17 rank out of 36 brokers on ForexBrokers.com, compared with HYCM’s 3.5 stars and #32 rank. For traders comparing online brokers for market research, BlackBull looks better for analysis tools and sentiment data, while HYCM is better for premium news and Trading Central support.
| Feature |
BlackBull Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | No |
| Trading Central | No | Yes |
| Client sentiment data | Yes | No |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginners looking for trading education, BlackBull Markets has the edge over HYCM (Henyep Capital Markets). BlackBull offers forex and CFD learning content, runs online client webinars at least once a month, and provides 10+ beginner videos plus 10+ advanced videos for traders who want to keep learning. HYCM also offers 10+ beginner videos and forex/CFD education, but it does not provide monthly educational webinars and does not have 10+ advanced videos for more experienced traders.
That difference shows up in the ratings and rankings as well. BlackBull Markets is rated 4.5 out of 5 for Education and is ranked #25 out of 36 brokers by ForexBrokers.com, while HYCM is rated 3.5 out of 5 and ranked #28. For new traders who want more ways to learn, BlackBull Markets appears to offer the stronger mix of educational tools.
| Feature |
BlackBull Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 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 #22, while HYCM (Henyep Capital Markets) finished with an overall rank of #26.
BlackBull Markets is a growing broker best known for its broad platform support, including MetaTrader, cTrader, TradingView, and copy trading tools, along with a large range of tradeable instruments.
| Feature |
BlackBull Markets
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HYCM (Henyep Capital Markets)
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|---|---|---|
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| Trust Score | 77 | 85 |
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In a quick comparison, online brokers BlackBull Markets and HYCM (Henyep Capital Markets) do not support buying actual (delivered) cryptocurrencies, but both do offer cryptocurrency CFD trading.
BlackBull Markets vs HYCM (Henyep Capital Markets): for deposits and withdrawals, BlackBull supports ACH/SEPA along with Skrill and bank wire (no PayPal), while HYCM lacks ACH/SEPA but offers Skrill and bank wire (also no 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 | 77 | 85 | |
| 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 | 77 | 85 | |
| 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 (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| 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) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| 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. Stocks (Shares) | Yes | Yes | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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) - Spread-only account | 1.16 | 1.3 | |
| All-in Cost EUR/USD - Raw spread account | 0.76 | 0.6 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | No | Yes | |
| Order 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 | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | No |
| Trading Platforms | BlackBull Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No |
| Trading Tools | BlackBull Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 109 | 30 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlists - Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | BlackBull Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | BlackBull Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | BlackBull Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| EUR/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 | 77 | 85 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | HYCM (Henyep Capital Markets) Review |
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