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.
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 |
Comparing commissions and fees, both BlackBull Markets and HYCM (Henyep Capital Markets) earn 4.5 out of 5 stars. In ForexBrokers.com’s Commissions and Fees category, BlackBull ranks #9 out of 63 brokers, while HYCM ranks #18 out of 63. That suggests a slight edge to BlackBull overall, though your actual costs will depend on the account type you choose at each broker.
At BlackBull Markets, pricing varies by account. The Standard account is commission-free with no minimum deposit, but spreads are higher. The Prime account (minimum $2,000) typically delivers better value: in March 2024, the average EUR/USD spread was 0.16 pips, for a 0.76-pip all-in cost after adding the $3-per-side ($6 round turn) commission. Active traders can opt for the ECN Institutional account (minimum $20,000) with lower commissions of $2 per side ($4 round turn). Overall, BlackBull’s costs sit around the industry average, with the Prime account being the standout for frequent FX traders.
HYCM’s pricing is straightforward: the Raw account posts an all-in cost of about 0.6 pips on EUR/USD (after commission), which undercuts BlackBull’s Prime all-in by a hair on that pair. HYCM’s Classic account uses variable spreads from 1.2 pips, while its fixed-spread account is 1.5 pips. If you want the lowest possible EUR/USD costs and can use HYCM’s Raw account, HYCM can be marginally cheaper; if you prefer multiple pricing tiers—and potentially lower commissions at larger deposits—BlackBull’s Prime and ECN Institutional options are compelling.
| Feature |
BlackBull Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $0 | $20 |
| Average spread (EUR/USD) - Standard account | 1.16 | 1.3 |
| All-in Cost EUR/USD - Active | 0.76 | 0.6 |
| Non-wire bank transfer | No | 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 and HYCM (Henyep Capital Markets) both support forex trading as CFDs or spot and let you trade exchange‑listed stocks on U.S. and international exchanges (so you can buy shares like Apple or Vodafone, not just CFDs). The key difference is scale: BlackBull Markets lists about 26,000 tradable symbols and 72 forex pairs, while HYCM offers 1,199 symbols and 70 forex pairs. Both provide cryptocurrency CFDs (but not direct, delivered crypto). BlackBull also offers copy trading, whereas HYCM does not.
For range of investments, BlackBull Markets earns 5 stars and ranks #7 out of 63 brokers on ForexBrokers.com; HYCM earns 4 stars and ranks #27. If you want the widest selection and access to copy trading, BlackBull Markets stands out. If you prefer a simpler lineup that still covers major markets and crypto CFDs, HYCM is a solid alternative.
| 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 check the core boxes for platform access and ease of use. Each broker offers a free demo account, supports MetaTrader 4 and MetaTrader 5, provides a Windows desktop download and a web-based platform, and lets you place trades directly from charts. For Trading Platforms and Tools, both earn 4 out of 5 stars from ForexBrokers.com.
The key differences come down to extra features. HYCM offers its own proprietary platform, while BlackBull Markets does not. On the flip side, BlackBull Markets supports copy trading, and HYCM does not. In the category ranking from ForexBrokers.com, BlackBull Markets places #25 out of 63 brokers, while HYCM ranks #32. If you want copy trading, BlackBull Markets may suit you; if you prefer an in-house platform experience, HYCM may be the better fit.
| 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 deliver mobile trading apps for iPhone and Android. Each app supports stock and forex price alerts, offers 30 built-in technical studies for charting, lets you draw trendlines, and auto-saves your chart annotations. Overall, the core charting and alert tools are similar, and both brokers earned 4 out of 5 stars for Mobile Trading Apps.
There are a few differences to note. BlackBull Markets syncs your watchlists across mobile and the web, so changes carry over between devices, while HYCM does not offer watchlist syncing. In ForexBrokers.com’s Mobile Trading Apps rankings, BlackBull placed 27th out of 63 brokers, compared with HYCM at 30th. If seamless watchlist syncing matters to you, BlackBull has the edge; otherwise, traders will find comparable mobile features with either broker.
| 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.
For market research, BlackBull Markets and HYCM (Henyep Capital Markets) both publish daily market commentary and include an economic calendar. HYCM stands out for live forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, which BlackBull Markets does not provide.
When it comes to trading tools, BlackBull Markets offers Autochartist and a sentiment tool that shows long/short positioning, while HYCM counters with Trading Central but lacks Autochartist and a sentiment gauge. Neither broker includes TipRanks or Acuity Trading tools. Overall, BlackBull Markets earns 4.5/5 stars for Research and ranks #16 out of 63 brokers at ForexBrokers.com, while HYCM scores 3.5/5 stars and ranks #29. Choose HYCM for integrated news, or BlackBull Markets for Autochartist and sentiment insights.
| 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.
Comparing beginner education, both BlackBull Markets and HYCM offer forex and CFD education with at least 10 learning pieces. BlackBull Markets holds an edge for ongoing learning thanks to monthly client webinars. Both brokers provide at least 10 beginner-friendly trading videos, but BlackBull Markets also offers 10+ advanced videos for traders who want to keep leveling up, while HYCM does not provide that same depth for experienced users.
For overall quality, BlackBull Markets earns 4.5 out of 5 stars and ranks #24 out of 63 brokers for Education on ForexBrokers.com. HYCM scores 3.5 out of 5 stars and ranks #27. If you want regular webinars and a fuller path from beginner to advanced topics, BlackBull Markets is the stronger choice. If you mainly need beginner videos to learn the basics of forex and CFDs, HYCM can still fit the bill.
| 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.
Comparing online brokers BlackBull Markets and HYCM (Henyep Capital Markets): neither supports ACH or SEPA transfers or PayPal for deposits and withdrawals, both accept Skrill and bank wire transfers, and Visa/Mastercard availability is not specified for either.
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) - Standard account | 1.16 | 1.3 | |
| All-in Cost EUR/USD - Active | 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 | No | 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 Watchlist [DELETED] | |||
| 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) | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| 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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