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.
BlackBull Markets and HYCM (Henyep Capital Markets) present themselves as compelling choices for online trading, yet they differ in aspects of trust and regulatory backing. BlackBull Markets, founded in 2014, boasts a ForexBrokers.com Trust Score of 78, categorizing it as an average risk. It holds one highly trusted Tier-1 license, despite not having any Tier-2 licenses. The company is privately held and is not a banking institution, which aligns with its focused trading services.
In contrast, HYCM, established in 1977, earns a higher Trust Score of 86, placing it in the trusted category. It holds two Tier-1 licenses and one Tier-2 license, reflecting a stronger regulatory presence. Like BlackBull Markets, HYCM is also privately held and not a bank. The more extensive regulatory approval and longer market presence may make HYCM a preferable option for those seeking additional assurances in their trading platform.
| 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) offer competitive trading conditions, but their commissions and fees vary based on the account types. BlackBull Markets provides three different options: the Standard account, which is commission-free with no minimum deposit but higher spreads; the Prime account, which features an average EUR/USD spread of 0.16 pips and an all-in cost of 0.76 pips factoring in a commission of $6 per 10,000 traded, requiring a $2,000 minimum deposit; and the ECN Institutional account catering to active traders with deposits of $20,000 at a commission rate of $4 round turn per lot. BlackBull Markets received a 4.5-star rating and is ranked 18th out of 63 brokers for commissions and fees by ForexBrokers.com.
HYCM offers a different fee structure across its accounts. The Raw account provides competitive pricing with an all-in cost of around 0.6 pips for EUR/USD after accounting for commission. Conversely, the Classic account features a pricier variable spread that begins at 1.2 pips, and they also have an option for a fixed-spread account starting at 1.5 pips. With these options, HYCM aligns itself favorably in terms of costs. Similarly, HYCM is rated at 4.5 stars for commissions and fees, ranking slightly higher than BlackBull Markets at 15th out of 63 brokers.
Ultimately, both BlackBull Markets and HYCM deliver appealing choices tailored to different trader preferences. BlackBull Markets stands out for its variety and tiered deposit requirements, ideal for diverse trading strategies, while HYCM is advantageous for its cost-effective Raw account and fixed spread simplicity. Both brokers hold solid standings in terms of pricing within the industry, making them popular options for traders looking for value and transparency.
| Feature |
BlackBull Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $0 | $20 |
| Average Spread EUR/USD - Standard | 0.71 | 1.2 |
| All-in Cost EUR/USD - Active | 0.71 | 0.6 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
BlackBull Markets and HYCM (Henyep Capital Markets) are well-regarded for their forex trading options, both offering forex trading as CFDs or spot contracts. When it comes to the overall range of investments, BlackBull Markets stands out with an impressive 26,000 tradeable symbols, dwarfing HYCM's offering of 1,199. Both brokers have a comparable selection of forex pairs, with BlackBull Markets providing 72 pairs and HYCM offering 70. For those interested in trading shares, both platforms enable clients to invest in exchange-traded securities on U.S. and international exchanges, allowing purchases of well-known stocks such as Apple and Vodafone.
Beyond the basics, BlackBull Markets offers the added benefit of copy trading, which is not available with HYCM. When it comes to cryptocurrency, both brokers provide derivatives rather than actual cryptocurrencies. This comprehensive suite of offerings has earned BlackBull Markets a top-tier rating of 5 stars for their range of investments, compared to HYCM’s 4 stars. According to ForexBrokers.com, BlackBull Markets is ranked sixth out of 63 brokers for their range of investments, significantly ahead of HYCM, which is ranked 33rd. This indicates that for investors seeking a wider array of trading opportunities, BlackBull Markets may offer a more attractive platform.
| 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. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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.
When comparing BlackBull Markets and HYCM (Henyep Capital Markets) in terms of trading platforms and tools, both brokers offer strong options for traders. BlackBull Markets provides traders with popular MetaTrader 4 and 5 options for comprehensive trading experiences on both desktop and web-based platforms. While not offering a proprietary platform, BlackBull Markets does shine with its capability for copy trading and integration with ZuluTrade, a plus for those interested in social trading. Traders can enjoy extensive charting tools, including 60 drawing tools, allowing for robust technical analysis. With 6 customizable columns for watch lists and the ability to trade directly from stock charts, BlackBull Markets satisfies many trader needs, ranking #29 in ForexBrokers.com's Trading Platforms and Tools category and achieving a four-star rating.
HYCM (Henyep Capital Markets), on the other hand, stands out with its proprietary platform, which gives traders a unique in-house developed experience alongside the popular MT4 and MT5 platforms. Both desktop and web-based trading is supported, matching BlackBull's accessibility in these areas. However, HYCM does not offer copy trading or ZuluTrade, which may be a drawback for those interested in these specific features. With 15 drawing tools for chart analysis and 7 customizable watch list columns, HYCM offers fewer technical tools compared to BlackBull. Nevertheless, it allows trading directly from stock charts. Rated four stars like BlackBull, HYCM holds the #40 spot in ForexBrokers.com's ranking, making it a solid choice for traders who value bespoke platform options.
| Feature |
BlackBull Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 109 | 30 |
| Charting - Drawing Tools (Total) | 60 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both BlackBull Markets and HYCM offer their users convenient mobile apps available on iPhone and Android. Each app provides essential features like price alerts and the ability to draw trendlines on charts. Users also have access to multiple time frames for stock and forex charts and can enjoy auto-saving of drawings. Furthermore, both platforms allow for the creation of watchlists with real-time quotes. However, BlackBull Markets has an advantage in its mobile app feature of watchlist symbol syncing, allowing changes made on mobile to reflect on the client’s online account, a feature HYCM does not offer.
Both apps are highly regarded, each receiving a four-star rating for mobile trading. When comparing mobile app rankings by ForexBrokers.com, BlackBull Markets is placed at 31st out of 63 brokers, while HYCM comes in at 37th. This slight edge in ranking may be linked to the comprehensive syncing capabilities BlackBull Markets provides. Overall, both mobile apps provide a reliable trading experience with similar functionalities and are well-suited for traders looking for mobility and ease of use in their trading activities.
| Feature |
BlackBull Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, BlackBull Markets and HYCM (Henyep Capital Markets) both provide daily market commentary, helping traders stay informed on key market trends. However, HYCM gains an advantage with access to forex news from leading sources like Bloomberg and Reuters, which is not offered by BlackBull Markets. While BlackBull Markets enriches the trading experience with technical analysis tools from Autochartist and a sentiment-based trading tool, HYCM offers tools from Trading Central for in-depth technical analysis, adding a different dimension to their research offerings.
Both brokers provide an economic calendar to track global financial events, but neither supports market research from TipRanks or Acuity Trading. In the broader field of research, BlackBull Markets stands out with a higher rating of 4 stars compared to HYCM's 3.5 stars, also reflected in their stronger rank of 18 out of 63 brokers by ForexBrokers.com, while HYCM lands at position 35. This indicates BlackBull Markets might offer a more comprehensive research package, particularly for traders seeking advanced technical tools and sentiment analysis.
| Feature |
BlackBull Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing BlackBull Markets and HYCM for educational resources aimed at beginners, both brokers offer a solid foundation of forex and CFD education, each providing more than ten educational materials such as articles, videos, and archived webinars. BlackBull Markets distinguishes itself by hosting monthly online educational webinars, an offering that HYCM does not provide. Both brokers, however, maintain a searchable archive of recorded webinars, making it easy for learners to access past educational content.
For beginners, both BlackBull Markets and HYCM offer at least ten educational videos that cover essential trading topics. While BlackBull also caters to more experienced traders by offering advanced educational videos, HYCM falls short in this area. Additionally, both brokers provide an investor dictionary with definitions for over 50 investing terms, supporting traders in building a comprehensive understanding of trading terminology. When it comes to educational quality, BlackBull Markets is rated higher at four stars compared to HYCM's 3.5 stars. According to ForexBrokers.com, BlackBull Markets ranks 29th in the education category among 63 brokers, slightly ahead of HYCM, which ranks 32nd.
| Feature |
BlackBull Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
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 #24, while HYCM (Henyep Capital Markets) finished with an overall rank of #29.
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.
| Feature |
BlackBull Markets
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HYCM (Henyep Capital Markets)
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| Trust Score | 78 | 86 |
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Both BlackBull Markets and HYCM (Henyep Capital Markets) provide the ability to trade cryptocurrency derivatives, but neither offers the option to purchase actual (delivered) cryptocurrencies.
Both BlackBull Markets and HYCM (Henyep Capital Markets) offer Skrill, Visa, Mastercard, and bank wires as options for depositing or withdrawing account funds, while neither supports ACH, SEPA transfers, nor 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 | 78 | 86 | |
| 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 | 78 | 86 | |
| 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 (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| 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) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| 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. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | 0.71 | 1.2 | |
| All-in Cost EUR/USD - Active | 0.71 | 0.6 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| 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 | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | BlackBull Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | BlackBull Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 109 | 30 | |
| Charting - Drawing Tools (Total) | 60 | 15 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | BlackBull Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | BlackBull Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | BlackBull Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| GBP/USD | Yes | Yes | |
| USD/JPY | Yes | Yes | |
| EUR/USD | Yes | Yes | |
| USD/CHF | Yes | Yes | |
| USD/CAD | Yes | Yes | |
| NZD/USD | Yes | Yes | |
| AUD/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 | 78 | 86 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | HYCM (Henyep Capital Markets) Review |
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