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 both earn 4.5 out of 5 stars for commissions and fees, with HYCM ranked #16 of 63 brokers and BlackBull at #19 by ForexBrokers.com. For the tightest pricing on EUR/USD, HYCM’s Raw account averages about 0.6 pips all-in after commission, while BlackBull’s Prime account averages an all-in cost near 0.76 pips (based on a 0.16-pip spread plus $3 per side commission, March 2024 data). That makes HYCM’s Raw offering slightly cheaper on this key pair, though actual costs can vary with market conditions.
BlackBull’s pricing is about average overall, and it varies by account type. The Standard account is commission-free with no minimum deposit but comes with wider spreads. The Prime account requires a $2,000 minimum and charges $3 per side ($6 round turn) per lot, in exchange for lower spreads that appeal to frequent traders. For high-volume clients, the ECN Institutional account (minimum $20,000) lowers commission to $2 per side ($4 round turn) per lot.
HYCM offers three clear choices: the Raw account with its competitive all-in pricing around 0.6 pips on EUR/USD after commission; the Classic account with variable spreads starting from 1.2 pips; and a Fixed account with a 1.5-pip spread. If you want the lowest potential EUR/USD costs and can handle commission-based pricing, HYCM’s Raw edges out. If you prefer commission-free trading or have specific deposit needs, BlackBull’s Standard or Prime accounts may fit better.
| Feature |
BlackBull Markets
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Minimum Deposit | $0 | $20 |
| Average spread (EUR/USD) - Standard account | 0.71 | 1.2 |
| All-in Cost EUR/USD - Active | 0.71 | 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 vs HYCM (Henyep Capital Markets): Both brokers let you trade forex via CFDs or spot contracts, offer exchange-traded U.S. and international stocks (not CFDs), and provide cryptocurrency trading through CFDs—neither sells actual crypto. The key difference is breadth. BlackBull Markets lists about 26,000 tradeable symbols and 72 forex pairs, while HYCM offers about 1,199 symbols and 70 pairs. BlackBull also supports copy trading; HYCM does not.
For range of investments, BlackBull Markets is rated 5 stars and ranks #6 out of 63 brokers at ForexBrokers.com, while HYCM holds 4 stars and ranks #34. Choose BlackBull if you want the widest catalog plus copy trading alongside major markets. Pick HYCM if you’re comfortable with a smaller lineup that still covers core assets, exchange-traded shares, and crypto CFDs.
| 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 (Henyep Capital Markets) both provide free demo accounts, web and Windows desktop platforms, and popular third‑party choices like MetaTrader 4 (MT4) and MetaTrader 5 (MT5). HYCM also offers its own in‑house platform, while BlackBull Markets does not. Both brokers let you place trades directly from charts. A key difference is copy trading: BlackBull Markets supports it, whereas HYCM does not.
For Trading Platforms and Tools, both brokers earn 4 out of 5 stars. In ForexBrokers.com’s rankings, BlackBull Markets places #31 out of 63 brokers, while HYCM ranks #41. Specific counts for technical indicators and watch list columns aren’t provided and may vary by platform version.
| 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.
Both BlackBull Markets and HYCM (Henyep Capital Markets) offer mobile trading apps for iPhone and Android. Each app supports price alerts, lets you draw trendlines on charts, and auto-saves your drawings—handy when switching between devices. The standout difference is watchlists: BlackBull Markets syncs watchlists across mobile and your online account, while HYCM does not, which can matter if you manage symbols from multiple devices.
For charting, both apps provide 30 technical studies, giving traders similar analytical depth. In independent reviews, each earns 4 out of 5 stars for mobile trading. However, BlackBull Markets ranks slightly higher at #33 versus HYCM’s #38 out of 63 brokers on ForexBrokers.com. If synced watchlists are important to your workflow, BlackBull Markets has the edge; otherwise, the two apps are closely matched in tools and ratings.
| 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 comparing market research at BlackBull Markets and HYCM (Henyep Capital Markets), both brokers provide daily market commentary and an economic calendar that tracks global events. HYCM adds forex news from top-tier sources such as Bloomberg, Reuters, or Dow Jones, while BlackBull does not. According to ForexBrokers.com, BlackBull holds a higher Research rating (4 stars) and a better category ranking (#18 out of 63) than HYCM’s 3.5 stars and #36 ranking.
Their research tools differ: BlackBull includes Autochartist and a sentiment-based tool that shows the ratio of long and short positions, but it does not offer Trading Central. HYCM flips that script by offering Trading Central while lacking Autochartist and a sentiment tool. Neither broker integrates TipRanks or Acuity Trading. Choose BlackBull if you want Autochartist, sentiment data, and a higher research score; pick HYCM if top-tier in-platform news and Trading Central matter more to you.
| 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 forex and CFD education, both BlackBull Markets and HYCM (Henyep Capital Markets) provide plenty of learning materials, including at least 10 beginner-focused videos. BlackBull also hosts ongoing client webinars (at least one per month), while HYCM does not currently offer monthly educational webinars. If you prefer learning live with Q&A, BlackBull has the edge; if you mainly want on-demand videos, both brokers cover the basics.
As your skills grow, BlackBull delivers more depth with at least 10 advanced trading videos, whereas HYCM doesn’t meet that advanced-video mark. That difference is reflected in independent scores: BlackBull Markets is rated 4 stars for Education and ranks 29th out of 63 brokers at ForexBrokers.com, while HYCM holds 3.5 stars and ranks 32nd. In short, beginners will find solid starting materials at both firms, but BlackBull is the stronger choice if you want live webinars and more advanced lessons to progress.
| 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 #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
|
HYCM (Henyep Capital Markets)
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 78 | 86 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | BlackBull Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 78 | 86 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | HYCM (Henyep Capital Markets) Review |
| Broker Screenshots | BlackBull Markets | HYCM (Henyep Capital Markets) | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
|
| 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) | |||
| 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 SCA 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 | 0.71 | 1.2 | |
| All-in Cost EUR/USD - Active | 0.71 | 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) | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 78 | 86 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | HYCM (Henyep Capital Markets) Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill