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 |
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) - Standard account | 1.16 | 1.3 |
| All-in Cost EUR/USD - Active | 0.76 | 0.6 |
| Non-wire bank transfer | 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 and HYCM (Henyep Capital Markets) both give traders access to forex as a CFD or spot contract, along with cryptocurrency CFDs and the ability to trade exchange-traded securities on both U.S. and international exchanges. Each broker also offers a wide enough mix of markets for investors who want more than just forex, including shares from major stock exchanges around the world.
That said, BlackBull Markets stands out for its much larger range of investments, with 26,000 tradeable symbols compared with HYCM’s 1,199. BlackBull also lists slightly more forex pairs, at 72 versus 70, and offers copy trading, which HYCM does not. These differences help explain why BlackBull Markets earns 5 stars for range of investments and ranks #7 out of 36 brokers, while HYCM is rated 4 stars and ranks #27.
| 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 solid set of platform choices, including free demo accounts for practice, desktop downloads for Windows, web-based trading, MetaTrader 4, MetaTrader 5, and the ability to trade directly from charts. Both brokers also score 4 out of 5 stars for trading platforms and tools, which shows that each offers a good overall experience for everyday traders. In ForexBrokers.com’s ranking of 36 brokers, BlackBull Markets places higher at #25, while HYCM comes in at #32.
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, but HYCM does not. For traders comparing online broker platforms and tools, this means BlackBull Markets may be the better fit if copy trading matters most, while HYCM may appeal more to those who want a broker-developed platform alongside the usual MetaTrader options.
| 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 the basics they expect. Each broker offers iPhone and Android apps, price alerts, 30 technical studies for charting, trendline drawing, and auto-saving chart drawings. Both apps are also rated 4 out of 5 stars for mobile trading.
The main difference is watchlist syncing. BlackBull Markets lets your watchlists stay in sync between the mobile app and your online account, so any changes update across both. HYCM does not offer this feature. In ForexBrokers.com’s mobile trading apps ranking, BlackBull Markets comes in at #27 out of 36 brokers, while HYCM places at #30.
| 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.
BlackBull Markets and HYCM both give traders useful market research basics, including daily market commentary and an economic calendar with global news events. Where BlackBull stands out is in its extra research features: it offers Autochartist and a sentiment tool that shows long and short positioning across instruments. HYCM, on the other hand, includes forex news from major sources such as Bloomberg, Reuters, and Dow Jones, plus Trading Central tools for added technical insight.
Overall, BlackBull Markets has the edge for research, with a 4.5-star rating and a ForexBrokers.com research rank of #17 out of 36 brokers, compared with HYCM’s 3.5-star rating and #29 ranking. For traders who want more built-in analysis tools and sentiment data, BlackBull may be the better fit, while HYCM may appeal more to those who value top-tier news coverage and Trading Central research.
| 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 learning materials, BlackBull Markets has a slight edge over HYCM (Henyep Capital Markets). BlackBull offers forex and CFD education with at least 10 educational pieces, plus online client webinars held at least once a month. It also provides at least 10 beginner videos and at least 10 advanced videos, making it a better fit for traders who want to start small and keep learning as they gain experience.
HYCM also offers at least 10 beginner trading videos, but it falls behind BlackBull in key areas such as forex or CFD education content, monthly educational webinars, and advanced video lessons. This difference is reflected in their education scores and rankings: BlackBull Markets is rated 4.5 out of 5 and ranks #24 out of 36 brokers for Education, while HYCM is rated 3.5 out of 5 and ranks #27. For beginners who want more structured learning options, BlackBull Markets comes out ahead.
| 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) - 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 | 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 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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