Saxo Bank is better than BlackBull Markets.
Trying to decide between Saxo Bank 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.
| Overall Rating | Saxo Bank | BlackBull Markets | AvaTrade |
|---|---|---|---|
| Overall Rating | 9.5 / 10 | 7.0 / 10 | 8.2 / 10 |
| Account Type | Saxo Bank | BlackBull Markets | AvaTrade |
|---|---|---|---|
| Standard Account | Yes | Yes | Yes |
| Mini Account | Yes | Yes | Yes |
| Micro Account | Yes | Yes | Yes |
| Islamic Account | No | Yes | Yes |
| Copy Trading | Saxo Bank | BlackBull Markets | AvaTrade |
|---|---|---|---|
| Social Trading / Copy Trading | Yes | Yes | Yes |
| DupliTrade | No | No | Yes |
| ZuluTrade | No | Yes | Yes |
| Cryptocurrency | Saxo Bank | BlackBull Markets | AvaTrade |
|---|---|---|---|
| Cryptocurrency (Physical) | No | No | No |
| Crypto Trading | No | No | No |
| Bitcoin | Yes | No | Yes |
| ethereum | Yes | No | Yes |
| Forex Trading | Saxo Bank | BlackBull Markets | AvaTrade |
|---|---|---|---|
| Forex Trading | No | No | No |
| Trading - Forex or CFDs | Yes | Yes | Yes |
| Indices (Index CFDs) | Saxo Bank | BlackBull Markets | AvaTrade |
|---|---|---|---|
| DAX | Yes | Yes | Yes |
| Dow Jones | Yes | Yes | Yes |
| FTSE | Yes | Yes | Yes |
| NASDAQ 100 | Yes | Yes | Yes |
| Nikkei | Yes | Yes | Yes |
| SP 500 | Yes | Yes | Yes |
| Investments | Saxo Bank | BlackBull Markets | AvaTrade |
|---|---|---|---|
| Forex Trading | No | No | No |
| Trading - Forex or CFDs | Yes | Yes | Yes |
| Spread Betting | No | No | Yes |
| Social Trading / Copy Trading | Yes | Yes | Yes |
| Metals | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes |
| Agriculturals | Yes | Yes | Yes |
| ETF | Yes | No | No |
| U.S. Stocks (CFD) | Yes | Yes | Yes |
| Trading Platforms | Saxo Bank | BlackBull Markets | AvaTrade |
|---|---|---|---|
| Android App | No | No | No |
| Apple iOS App | Yes | Yes | Yes |
| Proprietary Platform | Yes | No | Yes |
| Desktop Platform (Windows) | No | No | No |
| Web Platform | No | No | No |
| MetaTrader 4 (MT4) | Yes | Yes | Yes |
| MetaTrader 5 (MT5) | No | Yes | Yes |
| Regulatory Licenses | Saxo Bank | BlackBull Markets | AvaTrade |
|---|---|---|---|
| Tier-1 Licenses | 6 | 1 | 4 |
| ASIC Authorised (Australia) | Yes | No | Yes |
| IIROC Authorised (Canada) | No | No | Yes |
| FCA Authorised (U.K.) | Yes | No | No |
| SFC Authorised (Hong Kong) | Yes | No | No |
| MAS Authorised (Singapore) | Yes | No | No |
| FINMA Authorised (Switzerland) | Yes | No | No |
| CFTC Registered (USA) | No | No | No |
| Tier-2 Licenses | 1 | 0 | 3 |
| Tier-3 Licenses | 0 | 0 | 1 |
| Research, Education | Saxo Bank | BlackBull Markets | AvaTrade |
|---|---|---|---|
| Trading Central (Recognia) | No | No | Yes |
| Forex News (Top-Tier Sources) | Yes | No | Yes |
| Daily Market Commentary | Yes | Yes | Yes |
| Autochartist | Yes | No | No |
| Investor Dictionary (Glossary) | Yes | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes | Yes |
| Trading Costs | Saxo Bank | BlackBull Markets | AvaTrade |
|---|---|---|---|
| Minimum Deposit | $2,000 | $200 | $100 |
| Average Spread EUR/USD - Standard | 0.8 (August 2020) | 0.845 (October, 2021) | 0.91 (Aug 2020) |
| All-in Cost EUR/USD - Active | 0.6 (August 2020) | 0.845 (October, 2021) | 0.61 (Aug 2020) |
| Active Trader or VIP Discounts | Yes | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | Yes |
| PayPal (Deposit/Withdraw) | No | No | Yes |
| Trading Tools | Saxo Bank | BlackBull Markets | AvaTrade |
|---|---|---|---|
| Watchlists - Total Fields | 62 | 7 | 6 |
| Mobile Watchlist | Yes | Yes | Yes |
| Charting - Indicators / Studies (Total) | 62 | 30 | 90 |
| Mobile Charting - Indicators / Studies (INTL) | 62 | 30 | 73 |
| Trust Factors | Saxo Bank | BlackBull Markets | AvaTrade |
|---|---|---|---|
| Year Founded | 1992 | 2014 | 2006 |
| Publicly Traded (Listed) | No | No | No |
| Bank | Yes | No | No |
| Authorised in European Union | Yes | No | Yes |
| Trust Score | 99 | 74 | 93 |
