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City Index vs BlackBull Markets 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

Is City Index better than BlackBull Markets? In our analysis of 23 international regulators across 39 of the best forex brokers, City Index is considered low-risk, with an overall Trust Score of 99 out of 99. BlackBull Markets is considered average-risk, with an overall Trust Score of 74 out of 99. Learn more about Trust Score.

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Overall RatingCity IndexBlackBull MarketsIG
Overall Rating5 Stars4 Stars5 Stars
Commissions & Fees4.5 Stars4.5 Stars5 Stars
Offering of Investments5 Stars5 Stars5 Stars
Platform & Tools4.5 Stars4 Stars5 Stars
Mobile Trading5 Stars4 Stars5 Stars
Research4.5 Stars4 Stars5 Stars
Education4.5 Stars3.5 Stars5 Stars
Trust Score997499
Winnercheck_circle
ReviewCity Index ReviewBlackBull Markets ReviewIG Review
RegulationCity IndexBlackBull MarketsIG
Trust Score997499
Year Founded198320141974
Publicly Traded (Listed)YesNoYes
BankNoNoYes
Tier-1 Licenses317
Tier-2 Licenses202
Tier-3 Licenses101
Authorised in European UnionYesNoYes
About RegulationA “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A “Yes” for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.
Tier-1 Licenses (High Trust)City IndexBlackBull MarketsIG
ASIC Authorised (Australia)YesNoYes
IIROC Authorised (Canada)YesNoNo
SFC Authorised (Hong Kong)NoNoNo
CBI Authorised (Ireland)NoNoNo
FSA Authorised (Japan)NoNoYes
MAS Authorised (Singapore)YesNoYes
FINMA Authorised (Switzerland)NoNoYes
FCA Authorised (U.K.)YesNoYes
CFTC Registered (USA)NoNoYes
FMA Authorised (New Zealand)NoYesYes
Tier-2 Licenses (Average Trust)City IndexBlackBull MarketsIG
CBRC Authorised (China)NoNoNo
CySEC Authorised (Cyprus)YesNoNo
SEBI Authorised (India)NoNoNo
ISA Authorised (Israel)NoNoNo
CBR Authorised (Russia)NoNoNo
FSCA Authorised (South Africa)NoNoYes
SEC Authorised (Thailand)NoNoNo
DFSA / Central Bank Authorised (UAE)YesNoYes
Tier-3 Licenses (Low Trust)City IndexBlackBull MarketsIG
SCB Authorised (Bahamas)NoNoNo
IFSC Authorised (Belize)NoNoNo
CIMA Authorised (Cayman Islands)YesNoNo
BMA Authorised (Bermuda)NoNoYes
FSC Authorised (British Virgin Islands)NoNoNo
FSC Authorised (Mauritius)NoNoNo
VFSC Authorised (Vanuatu)NoNoNo
InvestmentsCity IndexBlackBull MarketsIG
Forex Trading (Spot or CFDs)YesYesYes
Tradeable Symbols (Total)135002600019537
Forex Pairs (Total)8472100
U.S. Stock Trading (Non CFD)NoYesYes
Int'l Stock Trading (Non CFD)NoYesYes
Social Trading / Copy TradingYesYesYes
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)YesYesYes
DisclaimersNote: 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).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).
CostCity IndexBlackBull MarketsIG
Average Spread EUR/USD - Standard1.0 (July 2022)0.827 (August 2022)0.86 (September 2022)
All-in Cost EUR/USD - Active1.0 (July 2022)0.827 (August 2022)0.5957 (September 2022)
Active Trader or VIP DiscountsYesYesYes
Execution: Agency BrokerNoNoYes
Execution: Market MakerYesYesYes
FundingCity IndexBlackBull MarketsIG
Minimum Initial Deposit£100.00$0£250.00
PayPal (Deposit/Withdraw)YesNoYes
Skrill (Deposit/Withdraw)NoYesNo
Visa/Mastercard (Credit/Debit)YesYesYes
Bank Wire (Deposit/Withdraw)YesYesYes
Trading PlatformsCity IndexBlackBull MarketsIG
Proprietary PlatformYesNoYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
Social Trading / Copy TradingYesYesYes
MetaTrader 4 (MT4)YesYesYes
MetaTrader 5 (MT5)NoYesNo
cTraderNoYesNo
DupliTradeNoNoNo
ZuluTradeNoYesNo
Trading ToolsCity IndexBlackBull MarketsIG
Virtual Trading (Demo)YesYesYes
Alerts - Basic FieldsYesYesYes
Watchlists - Total Fields11714
Charting - Indicators / Studies (Total)883033
Charting - Drawing Tools (Total)811520
Charting - Trade From ChartYesYesYes
Charts can be savedYesYesYes
Mobile TradingCity IndexBlackBull MarketsIG
Android AppYesYesYes
Apple iOS AppYesYesYes
Mobile Alerts - Basic FieldsYesYesYes
Mobile WatchlistYesYesYes
Watchlist SyncingYesNoYes
Mobile Charting - Indicators / Studies883033
Mobile Charting - Draw TrendlinesYesYesYes
Mobile Charting - Multiple Time FramesYesYesYes
Mobile Charting - Drawings AutosaveYesYesYes
Forex CalendarYesYesYes
ResearchCity IndexBlackBull MarketsIG
Daily Market CommentaryYesYesYes
Forex News (Top-Tier Sources)YesNoYes
AutochartistNoYesYes
Trading Central (Recognia)YesNoNo
Social Sentiment - Currency PairsYesNoYes
Economic CalendarYesYesYes
EducationCity IndexBlackBull MarketsIG
Has Education - Forex or CFDsYesNoYes
Client WebinarsYesNoYes
Client Webinars (Archived)YesYesYes
Videos - Beginner Trading VideosYesYesYes
Videos - Advanced Trading VideosYesNoYes
Investor Dictionary (Glossary)YesYesYes
Major Forex PairsCity IndexBlackBull MarketsIG
GBP/USDYesYesYes
USD/JPYYesYesYes
EUR/USDYesYesYes
USD/CHFYesYesYes
USD/CADYesYesYes
NZD/USDYesYesYes
AUD/USDYesYesYes
ReviewCity Index ReviewBlackBull Markets ReviewIG Review
OverallCity IndexBlackBull MarketsIG
Overall Rating5 Stars4 Stars5 Stars
Commissions & Fees4.5 Stars4.5 Stars5 Stars
Offering of Investments5 Stars5 Stars5 Stars
Platform & Tools4.5 Stars4 Stars5 Stars
Mobile Trading5 Stars4 Stars5 Stars
Research4.5 Stars4 Stars5 Stars
Education4.5 Stars3.5 Stars5 Stars
Trust Score997499
Winnercheck_circle
ReviewCity Index ReviewBlackBull Markets ReviewIG Review
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City Index vs BlackBull Markets Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare City Index vs BlackBull Markets.

Does City Index or BlackBull Markets 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, IG offers better pricing overall for traders.

Is City Index or BlackBull Markets 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. City Index holds 3 global Tier-1 licenses, while BlackBull Markets holds 1. City Index holds 2 global Tier-2 licenses, while BlackBull Markets holds 0. In our analysis of 23 international regulators across 50 brokers, City Index earned a higher Trust Score than BlackBull Markets.

Which trading platform is better: City Index or BlackBull Markets?

To compare the trading platforms of both City Index and BlackBull Markets, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG 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 City Index and BlackBull Markets offer MetaTrader 4 (MT4).City Index and BlackBull Markets both offer copy trading.

How many forex pairs and CFDs are available to trade?

City Index provides traders 84 currency pairs (e.g., EUR/USD) compared to BlackBull Markets's 72 available pairs. Forex pairs aside, BlackBull Markets offers traders access to 26000 CFDs while City Index has 13500 available CFDs, a difference of 12500.

Can I trust City Index?

City Index is publicly traded, does not operate a bank, and is authorised by four tier-1 regulators (high trust), two tier-2 regulators (average trust), and one tier-3 regulator (low trust). City Index is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Monetary Authority of Singapore (MAS), and the Financial Conduct Authority (FCA).

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).

Is City Index good?

Backed by StoneX Group, City Index is a trusted brand known for its versatile trading platforms, excellent mobile app, diverse market research, and extensive range of tradeable markets.

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.

Overall winner: IG

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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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