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FP Markets vs BlackBull Markets 2024

BrokerNotes.co

Written by BrokerNotes.co

August 06, 2024

Trying to decide between FP Markets and BlackBull Markets? We’ve taken the guesswork out of the equation with our Comparison Tool. Use our tool to compare hundreds of data points, side-by-side, to see how these two brokers stack up against each other.

Based on our extensive research, hands-on testing, and expert analysis of over a hundred data-driven variables, we've determined that, overall, FP Markets ranks more highly than BlackBull Markets.

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Compare

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Overall Rating FP Markets BlackBull Markets
Overall Rating star 8.3 /10 star 8.0 /10
Offering of Investments star 9.0 /10 star 9.5 /10
Commissions & Fees star 9.5 /10 star 8.5 /10
Platform & Tools star 8.0 /10 star 8.0 /10
Research star 7.5 /10 star 8.0 /10
Mobile Trading star 8.0 /10 star 7.5 /10
Education star 7.5 /10 star 7.5 /10
Account Type FP Markets BlackBull Markets
Standard Trade Size (100,000 units) info Yes Yes
Mini Trade Size (10,000 units) info Yes Yes
Micro Trade Size (1,000 units) info Yes Yes
Islamic Account info Yes Yes
Deposit/Withdrawal Options FP Markets BlackBull Markets
Minimum Deposit info $100 AUD $0
Bank Wire (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
PayPal (Deposit/Withdraw) info Yes No
ACH or SEPA Transfers info No No
Copy Trading FP Markets BlackBull Markets
Social Trading / Copy Trading info Yes Yes
DupliTrade info No No
ZuluTrade info No Yes
Cryptocurrency FP Markets BlackBull Markets
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes Yes
Bitcoin info Yes Yes
Ethereum info Yes Yes
Forex Trading (Spot or CFDs) FP Markets BlackBull Markets
Forex Trading (Spot or CFDs) info Yes Yes
Mobile Trading - Forex or CFDs info Yes Yes
Indices (Index CFDs) FP Markets BlackBull Markets
DAX info Yes Yes
Dow Jones info Yes Yes
FTSE info Yes Yes
NASDAQ 100 info Yes Yes
Nikkei info Yes Yes
SP 500 info Yes Yes
Investments FP Markets BlackBull Markets
Forex Trading (Spot or CFDs) info Yes Yes
Spread Betting info No No
Social Trading / Copy Trading info Yes Yes
Metals info Yes Yes
Energies info Yes Yes
Agriculturals info Yes Yes
ETF info No Yes
U.S. Stocks (CFD) info Yes Yes
Trading Platforms FP Markets BlackBull Markets
Apple iOS App info Yes Yes
Android App info Yes Yes
Proprietary Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
Regulatory Licenses FP Markets BlackBull Markets
Tier-1 Licenses info 2 1
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info No No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No Yes
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Research, Education FP Markets BlackBull Markets
Trading Central (Recognia) info No No
Forex News (Top-Tier Sources) info Yes No
Daily Market Commentary info Yes Yes
Autochartist info Yes Yes
Investor Dictionary (Glossary) info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Client Webinars (Archived) info Yes Yes
Trading Costs FP Markets BlackBull Markets
Minimum Deposit info $100 AUD $0
Average Spread EUR/USD - Standard info 1.1 info 0.76 info
All-in Cost EUR/USD - Active info 0.8 info 0.76 info
Active Trader or VIP Discounts info Yes Yes
Trading Tools FP Markets BlackBull Markets
Watchlists - Total Fields info 7 6
Mobile Watchlist info Yes Yes
Charting - Indicators / Studies (Total) info 30 109
Mobile Charting - Indicators / Studies info MetaTrader (Default) 30
Trust Factors FP Markets BlackBull Markets
Year Founded info 2005 2014
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Trust Score info 87 78
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FP Markets vs BlackBull Markets Comparison

Comparing forex brokers side by side is no easy task. Our research team has collected thousands of data points, written hundreds of thousands of words of research, and tested over 60 brokers to help you find the best forex brokers in the industry. Trying to decide between FP Markets and BlackBull Markets? Our independent database powered by our unbiased research will help you compare FP Markets vs BlackBull Markets side-by-side.

What is Trust Score?

Trust Score is a data-driven rating system that provides an at-a-glance rating of a broker’s overall trust by tracking 60+ brokers and over 100 regulatory jurisdictions across the globe. To make things clearer for everyday traders, we’ve created a five-tier system for regulators and Trust Score rating labels. Learn more about Trust Score, and check out our country guides to see the most trusted brokers in your country of residence.

Can I trust FP Markets?

FP Markets has a Trust Score of 87, giving it a "Trusted" Trust Score Label.

Can I trust BlackBull Markets?

BlackBull Markets has a Trust Score of 78, giving it a "Average Risk" Trust Score Label.

Is FP Markets a good broker?

FP Markets is a great option for traders who are looking for low-cost forex brokers. Beyond its excellent pricing, FP Markets delivers access to both MetaTrader 4 and MetaTrader 5, as well as cTrader and its own copy trading platform. That being said, FP Markets' pricing is not as low on its IRESS platform, which is optimized for share dealing. FP Markets fares well across most key categories, though its research and education have room to improve.

Is BlackBull Markets a good broker?

BlackBull Markets is an up-and-coming broker that offers the full MetaTrader suite (both MetaTrader 4 and MetaTrader 5), a proprietary Social Copy Trading platform, as well as integration with the popular TradingView platform. Traders at BlackBull Markets gain access to share trading, CFDs, and a growing range of markets from its brands regulated in New Zealand and the Seychelles. BlackBull Markets' educational content has grown in recent years, but still trails behind what's offered by the best forex brokers in that category.

What Tier-1 jurisdictions is each broker regulated in?

Tier-1 is reserved for the strictest, most stringent regulatory jurisdictions in the world. Tier-1 regulators impose additional capital requirements and require a tougher initial screening process. FP Markets holds regulatory licenses in the following Tier-1 jurisdictions: Australia (ASIC Authorised). BlackBull Markets, on the other hand, is licensed in these Tier-1 regulatory jurisdictions: New Zealand (FMA Authorised). Neither have Canada (CIRO Authorised), Hong Kong (SFC Authorised), CBI Authorised (Ireland), Japan (SFC Authorised), Singapore (MAS Authorised), Switzerland (FINMA Authorised), United Kingdom (U.K.) (FCA Authorised) and USA (CFTC Authorized)

What Tier-2 jurisdictions is each broker regulated in? What about Tier-3?

Tier-2 and tier-3 licenses are still important in evaluating the overall trustworthiness of forex brokers. As far as tier-2 licenses go, FP Markets is Cyprus (CySEC Authorised) and South Africa (FSCA Authorised), while BlackBull Markets is none.. Neither have China (CBRC Authorised), India (SEBI Authorised), Israel (ISA Authorised), Russia (CBR Authorised), Thailand (SEC Authorised) and UAE (DFSA/Central Bank Authorised). When comparing tier-3 licenses FP Markets is Mauritius (FSC Authorised), while BlackBull Markets is none.. Neither have Bahamas (SCB Authorised), Belize (FSC Authorised), Bermuda (BMA Authorised), British Virgin Islands (FSC Authorised), Cayman Islands (CIMA Authorised) and Vanuatu (VFSC Authorised).

Which broker offers more trading platforms?

Whether your broker develops its own proprietary platforms or provides access to popular third-party platforms, you should make sure you can use your preferred type of trading platform. In our testing, we found that FP Markets offers a Proprietary Platform, Desktop Platform (Windows) and cTrader, whereas BlackBull Markets supports a Desktop Platform (Windows), cTrader and ZuluTrade. Neither have DupliTrade

Does FP Markets offer MetaTrader? Does BlackBull Markets offer MetaTrader?

Both FP Markets and BlackBull Markets offer the whole MetaTrader suite, which consists of both MetaTrader 4 and MetaTrader 5. If you’re new to MetaTrader 4 here’s our educational guide on how to use MT4.

How do FP Markets and BlackBull Markets differ in terms of minimum deposit? What about average spreads and funding options?

FP Markets requires a minimum deposit of $100 AUD, while BlackBull Markets requires a minimum deposit of $0. It's also important to ensure your broker accepts the funding options and deposit methods that work best for you. In our research, we've found that FP Markets supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit), PayPal (Deposit/Withdraw) and Skrill (Deposit/Withdraw) for funding and deposit methods, whereas BlackBull Markets supports Bank Wire (Deposit/Withdraw), Visa/Mastercard (Credit/Debit) and Skrill (Deposit/Withdraw)

Which broker offers more tradeable asset classes, FP Markets or BlackBull Markets?

When choosing a forex broker, it’s important to consider each broker’s available investment products and tradeable asset classes. We’ve researched each broker’s individual offering of investments to help you pick the right broker for what you want to trade. During our testing, we found that FP Markets delivers a more diverse selection of investment options than BlackBull Markets, offering tradeable asset classes and investment types such as Forex Trading (Spot or CFDs), Social Trading / Copy Trading, Metals, Energies, Agriculturals and U.S. Stocks (CFD). Neither have Spread Betting.

We also keep track of each broker’s total number of tradeable symbols; FP Markets offers 10000, and BlackBull Markets offers a total of 26000 tradeable symbols.

Can I trade cryptocurrency with FP Markets or BlackBull Markets?

Crypto trading has become popular among forex traders across a range of international jurisdictions. As a result, many forex brokers now offer crypto products to their clients; most crypto assets are offered either as an underlying physical asset (such as when you own actual bitcoin assets, for example) or as a derivative product like a CFD. If you are looking to trade physical cryptocurrencies, you’ll find that neither FP Markets nor BlackBull Markets allow you to trade physical cryptocurrencies.

Who offers more research tools, FP Markets or BlackBull Markets?

Market research plays a huge role in any forex trader’s ability to conduct analysis within the global forex market. We test each broker’s research offering to help you decide which broker is right for your technical or fundamental analysis needs. FP Markets delivers the following research tools: Autochartist, Daily Market Commentary, Stock Charts, Forex News (Top-Tier Sources) and Social Trading / Copy Trading. BlackBull Markets, on the other hand, provides the tools listed here: Autochartist, Daily Market Commentary, Stock Charts and Social Trading / Copy Trading. Neither have Trading Central (Recognia)

Broker Reviews

Still looking for more information, read our broker reviews.

FP Markets Review

BlackBull Markets Review

Overall winner: FP Markets

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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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