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BlackBull Markets vs HFM 2023

ForexBrokers.com

Written by ForexBrokers.com

December 27, 2022

Is BlackBull Markets better than HFM? In our analysis of 23 international regulators across 62 of the best forex brokers, BlackBull Markets is considered average-risk, with an overall Trust Score of 74 out of 99. HotForex is considered average-risk, with an overall Trust Score of 85 out of 99. Learn more about Trust Score.

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Overall RatingBlackBull MarketsHFM
Overall Rating 4/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Offering of Investments 5/5 Stars 4/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Trust Score 74 85
Winner check_circle
Review BlackBull Markets Review HFM Review
RegulationBlackBull MarketsHFM
Trust Score 74 85
Year Founded 2014 2010
Publicly Traded (Listed) No No
Bank No No
Authorised in European Union No info Yes info
Tier-1 Licenses 1 1
Tier-2 Licenses 0 3
Tier-3 Licenses 0 1
Tier-1 Licenses (High Trust)BlackBull MarketsHFM
ASIC Authorised (Australia) No No
IIROC Authorised (Canada) No No
SFC Authorised (Hong Kong) No No
CBI Authorised (Ireland) No No
FSA Authorised (Japan) No No
MAS Authorised (Singapore) No No
FINMA Authorised (Switzerland) No No
FCA Authorised (U.K.) No Yes
CFTC Registered (USA) No No
FMA Authorised (New Zealand) Yes No
Tier-2 Licenses (Average Trust)BlackBull MarketsHFM
CBRC Authorised (China) No No
CySEC Authorised (Cyprus) No Yes
SEBI Authorised (India) No No
ISA Authorised (Israel) No No
CBR Authorised (Russia) No No
FSCA Authorised (South Africa) No Yes
SEC Authorised (Thailand) No No
DFSA / Central Bank Authorised (UAE) No Yes
Tier-3 Licenses (Low Trust)BlackBull MarketsHFM
SCB Authorised (Bahamas) No No
FSC Authorised (Belize) No No
CIMA Authorised (Cayman Islands) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands) No No
FSC Authorised (Mauritius) No Yes
VFSC Authorised (Vanuatu) No No
InvestmentsBlackBull MarketsHFM
Forex Trading (Spot or CFDs) Yes Yes
Tradeable Symbols (Total) 26000 3500
Forex Pairs (Total) 72 47
U.S. Stock Trading (Non CFD) Yes No
Int'l Stock Trading (Non CFD) Yes No
Social Trading / Copy Trading Yes Yes
Cryptocurrency (Physical) No No
Cryptocurrency (CFD) 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).
CostBlackBull MarketsHFM
Average Spread EUR/USD - Standard 0.827 info 1.2 info
All-in Cost EUR/USD - Active 0.827 info 0.9 info
Active Trader or VIP Discounts Yes No
Execution: Agency Broker No No
Execution: Market Maker Yes Yes
FundingBlackBull MarketsHFM
Minimum Deposit $0 $5
PayPal (Deposit/Withdraw) No No
Skrill (Deposit/Withdraw) Yes Yes
Visa/Mastercard (Credit/Debit) Yes Yes
Bank Wire (Deposit/Withdraw) Yes Yes
Trading PlatformsBlackBull MarketsHFM
Proprietary Platform No No
Desktop Platform (Windows) Yes Yes
Web Platform Yes Yes
Social Trading / Copy Trading Yes Yes
MetaTrader 4 (MT4) Yes Yes
MetaTrader 5 (MT5) Yes Yes
cTrader Yes No
DupliTrade No No
ZuluTrade Yes No
Trading Platforms Gallery (click to expand)
Trading ToolsBlackBull MarketsHFM
Virtual Trading (Demo) Yes Yes
Alerts - Basic Fields Yes Yes
Watchlists - Total Fields 7 7
Charting - Indicators / Studies (Total) 30 15
Charting - Drawing Tools (Total) 15 30
Charting - Trade From Chart Yes Yes
Charts can be saved Yes Yes
Mobile TradingBlackBull MarketsHFM
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
Forex Calendar Yes Yes
Mobile Trading Gallery (click to expand)
ResearchBlackBull MarketsHFM
Daily Market Commentary Yes Yes
Forex News (Top-Tier Sources) No Yes
Autochartist Yes Yes
Trading Central (Recognia) No No
Social Sentiment - Currency Pairs No Yes
Economic Calendar Yes Yes
Research Gallery (click to expand)
EducationBlackBull MarketsHFM
Has Education - Forex or CFDs Yes Yes
Client Webinars Yes Yes
Client Webinars (Archived) Yes Yes
Videos - Beginner Trading Videos Yes Yes
Videos - Advanced Trading Videos Yes Yes
Investor Dictionary (Glossary) Yes No
Education Gallery (click to expand)
Major Forex PairsBlackBull MarketsHFM
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 HFM Review
OverallBlackBull MarketsHFM
Overall Rating 4/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Offering of Investments 5/5 Stars 4/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Education 3.5/5 Stars 3.5/5 Stars
Trust Score 74 85
Winner check_circle
Review BlackBull Markets Review HFM Review
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BlackBull Markets vs HFM Comparison

Comparing forex brokers side by side is no easy task. For our 2023 annual forex broker review, we spent hundreds of hours assessing 62 forex and CFD brokerages to find the best forex broker. Let's compare BlackBull Markets vs HFM.

Does BlackBull Markets or HFM offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, BlackBull Markets offers better pricing overall for traders.

Is BlackBull Markets or HFM safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Both BlackBull Markets and HFM hold 1 global Tier-1 licenses. HFM holds 3 global Tier-2 licenses, while BlackBull Markets holds 0. In our analysis of 23 international regulators across 50 brokers, HFM earned a higher Trust Score than BlackBull Markets.

Which trading platform is better: BlackBull Markets or HFM?

To compare the trading platforms of both BlackBull Markets and HFM, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, BlackBull Markets offers a better experience. With research, BlackBull Markets offers superior market research. Finally, we found BlackBull Markets to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Both BlackBull Markets and HFM offer MetaTrader 4 (MT4).BlackBull Markets and HFM both offer copy trading.

How many forex pairs and CFDs are available to trade?

BlackBull Markets provides traders 72 currency pairs (e.g., EUR/USD) compared to HFM's 47 available pairs. Forex pairs aside, BlackBull Markets offers traders access to 26000 CFDs while HFM has 3500 available CFDs, a difference of 22500.

Can I trust BlackBull Markets?

BlackBull Markets is not publicly traded, does not operate a bank, and is authorised by one tier-1 regulators (high trust), zero tier-2 regulator (average trust), and zero tier-3 regulators (low trust). BlackBull Markets is authorised by the following tier-1 regulators: Financial Markets Authority (FMA).

Can I trust HFM?

HotForex is not publicly traded and does not operate a bank. HotForex is authorised by one tier-1 regulator (high trust), three tier-2 regulators (average trust), and one tier-3 regulator (low trust). HotForex is authorised by the following tier-1 regulator: Financial Conduct Authority (FCA).

Is BlackBull Markets good?

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.

Is HFM good?

Alongside its enhanced MetaTrader offering and quality research, HFM (HF Markets), previously known as HotForex, offers a proprietary copy trading platform, HFcopy, a proprietary HF mobile app, and a decent selection of over 1,000 CFDs and 47 forex pairs. Still, trading costs at HFM are slightly above the industry average.

Overall winner: BlackBull Markets

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announcementPlease note:

We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ 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.

Trading Leveraged Products such as Forex and Derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice. Please read the full Risk Disclosure.

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