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 | 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 lists 26,000 tradable symbols, including 72 forex pairs, while HYCM offers 1,199 symbols with 70 forex pairs. Both let you trade forex as CFDs or spot, and both allow you to buy exchange-traded shares on U.S. and international exchanges (not just CFDs). For crypto, neither broker sells actual coins, but both provide cryptocurrency derivatives. Copy trading is available at BlackBull Markets; HYCM does not offer copy trading.
According to ForexBrokers.com, BlackBull Markets scores 5 stars for Range of Investments and ranks 6th out of 63 brokers, while HYCM scores 4 stars and ranks 34th. In simple terms, BlackBull’s wider product lineup and copy-trading option can suit traders who want more markets in one place, whereas HYCM still covers core assets across stocks, forex, and crypto derivatives for those who prefer a leaner 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. 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.
BlackBull Markets and HYCM both offer free demo accounts, web and Windows desktop platforms, and the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5). HYCM also provides a proprietary platform built in-house, while BlackBull does not. For social and copy trading, BlackBull stands out with support for copy trading and ZuluTrade, whereas HYCM does not offer copy trading or ZuluTrade. Both brokers do not support DupliTrade.
When it comes to tools, both let you place trades directly from charts. Indicator counts aren’t specified, but BlackBull lists 60 drawing tools compared with HYCM’s 15. Watchlists include 6 fields at BlackBull and 7 at HYCM. Each broker earned 4 stars for Trading Platforms and Tools from ForexBrokers.com, with BlackBull ranked #31 and HYCM ranked #41 out of 63 brokers. Choose BlackBull if you want copy trading and ZuluTrade access; pick HYCM if having a broker-built platform matters to you.
| 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.
In this BlackBull Markets vs HYCM (Henyep Capital Markets) mobile app comparison, both brokers offer iPhone and Android apps with price alerts and real-time watchlists. Charting tools are evenly matched: each provides 30 technical studies, trendline drawing, multiple time frames, and auto‑saved drawings so you can resume analysis without rework.
The key difference is watchlist syncing across devices and web: BlackBull Markets syncs your symbols between the mobile app and your online account, while HYCM does not. Both earn 4 out of 5 stars for mobile trading apps, but ForexBrokers.com ranks BlackBull #33 out of 63 brokers and HYCM #38, giving BlackBull a slight edge if cross‑device consistency matters to you.
| 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 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 | 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) | |||
| 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/Central Bank 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. 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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