Written by ForexBrokers.com
In this head to head comparison of BlackBull Markets vs Eightcap, 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.
When comparing BlackBull Markets and Eightcap, both brokers offer unique advantages for online traders. BlackBull Markets, established in 2014, is not publicly traded and is not a bank. It holds one highly trusted Tier-1 license and has a Trust Score of 78 out of 99, reflecting an average risk according to ForexBrokers.com. On the other hand, Eightcap, founded in 2009, also remains privately owned and is not a bank. It boasts an impressive three Tier-1 licenses, earning it a Trust Score of 85, categorizing it as a trusted broker.
In terms of regulation, Eightcap stands out with its three Tier-1 licenses, indicating a high degree of trust as per industry standards. While BlackBull Markets secures one Tier-1 license, its trust score suggests a moderate risk in the trading landscape. Both brokers provide a secure trading environment, but Eightcap's regulatory standing offers additional reassurance to traders seeking robust regulatory compliance.
| Feature |
BlackBull Markets
|
Eightcap
|
|---|---|---|
| Year Founded | 2014 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 3 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing BlackBull Markets and Eightcap in terms of commissions and fees, BlackBull Markets provides a trio of account options to cater to various trading preferences. The Prime account at BlackBull Markets, known for its competitive costs, boasts an average spread of 0.16 on the EUR/USD pair as of March 2024. The all-in trading cost here is 0.76 pips, which includes a per-side commission of 0.3 pips, equating to $6 for every 10,000 units traded. This account, requiring a $2,000 minimum deposit, suits those looking for lower transaction costs compared to its commission-free Standard account, which features higher spreads. The ECN Institutional account is geared towards active traders, presenting reduced commission rates but necessitating a $20,000 deposit. BlackBull Markets receives a 4.5-star rating, securing the #18 ranking out of 62 brokers in the Commissions and Fees category according to ForexBrokers.com.
In contrast, Eightcap presents two compelling account types available at its global entities, including locales such as Australia, the Bahamas, the U.K., and Cyprus. For those opting for the commission-based Raw account, Eightcap advertises an average spread of 0.06 pips. However, once the $3.50 per-side commission is accounted for, the total trading cost stands at about 0.76 pips, marginally under the market average of 0.8 pips. While Eightcap positions itself as competitive, it tends to come across as slightly pricier than some of the most economical forex brokers. The company earns a 4-star rating and ranks #26 in ForexBrokers.com's assessment of Commissions and Fees among 62 brokers.
In summary, BlackBull Markets offers more varied account options catering to different trader profiles, with standout features in its Prime account for those seeking lower spreads at a fixed commission rate. Conversely, Eightcap caters with two simplified account types focusing on either commission-based or spread-only structures. While both brokers offer viable trading solutions, BlackBull Markets edges out in terms of overall ranking and slightly better value for money in the assessed categories.
| Feature |
BlackBull Markets
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 0.71 | 1.0 |
| All-in Cost EUR/USD - Active | 0.71 | 0.76 |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to the range of investments available, BlackBull Markets and Eightcap offer notable differences for traders looking to diversify their portfolios. BlackBull Markets shines with an impressive offering of 26,000 tradeable symbols, including 72 forex pairs, making it one of the top choices for those seeking variety. Additionally, it allows users to invest in exchange-traded securities on both U.S. and international exchanges, giving clients the chance to buy stocks like Apple and Vodafone directly. Eightcap, while offering forex trading and a selection of 736 tradeable symbols featuring 56 forex pairs, does not support investing in exchange-traded securities on these major exchanges.
Both brokers offer forex trading as CFDs and provide access to cryptocurrency derivatives, but neither supports the purchase of actual cryptocurrencies. For traders interested in copy trading features, both platforms stand on equal ground. Overall, BlackBull Markets earns a stellar 5-star rating and ranks 6th out of 62 brokers in the Range of Investments category by ForexBrokers.com, highlighting its comprehensive selection. In comparison, Eightcap receives a slightly lower 3.5-star rating and is ranked 40th, reflecting its more limited offerings in this area.
| Feature |
BlackBull Markets
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 26000 | 736 |
| Forex Pairs (Total) | 72 | 56 |
| 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 (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.
When comparing the trading platforms and tools offered by BlackBull Markets and Eightcap, both brokers provide a range of features to meet the needs of online traders. Each broker offers a free virtual demo account, allowing traders to practice without risk. Neither broker offers a proprietary platform; however, they both provide popular platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5), available for Windows desktop and web-based trading. Both BlackBull Markets and Eightcap support copy trading, with BlackBull Markets also offering ZuluTrade as an additional option. While both brokers do not provide DupliTrade, they enable trading directly from stock charts, catering to trader preferences for convenient and efficient trading experiences.
When it comes to charting tools, BlackBull Markets stands out with 60 drawing tools compared to Eightcap's 15. Additionally, BlackBull Markets supports six watchlist fields, slightly fewer than Eightcap's seven. In terms of rankings, according to ForexBrokers.com, BlackBull Markets ranks at #29, ahead of Eightcap at #38, in the Trading Platforms and Tools category out of 62 brokers. Both platforms receive a commendable four-star rating. These features make each broker a strong choice for traders, offering reliable and user-friendly platforms for various trading needs.
| Feature |
BlackBull Markets
|
Eightcap
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| 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 |
| 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.
Both BlackBull Markets and Eightcap provide comprehensive mobile trading apps for iPhone and Android users, ensuring convenience for traders on the go. They both support features like stock and forex price alerts and the ability to sync watchlists with clients' online accounts, making it easy to keep track of favorite stocks and trades across platforms. With each app offering 30 technical studies, traders have a wide array of charting tools at their disposal, enhancing analysis capabilities. Moreover, both allow users to draw trendlines on charts and easily view different time frames from daily to intraday, offering a powerful toolkit for technical analysis. Additionally, both apps automatically save chart drawings, helping users maintain their analysis intact for future reference.
Convenience with real-time watchlists and seamless performance are other highlights common to both brokers’ apps. When it comes to ratings, BlackBull Markets and Eightcap are neck and neck, each boasting a commendable rating of 4 stars. However, BlackBull Markets edges slightly ahead in ranking by ForexBrokers.com, securing the 31st spot out of 62 brokers, while Eightcap is placed at 38th. Both platforms strive to deliver high-quality experiences with competitive features, making them solid choices for traders looking for mobile trading solutions.
| Feature |
BlackBull Markets
|
Eightcap
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| 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.
BlackBull Markets and Eightcap offer a range of market research tools for traders seeking insightful information. Both brokers provide daily market commentary and a sentiment-based trading tool, offering a clear picture of market positions. However, BlackBull Markets stands out with its inclusion of Autochartist’s technical analysis tools, a feature absent from Eightcap’s offering. Additionally, both platforms lack forex news from top-tier sources like Bloomberg or Reuters and do not incorporate market research from providers such as TipRanks or Trading Central. Despite these points, each broker includes an economic calendar to keep users updated on global economic events.
When it comes to ratings, BlackBull Markets leads with a 4-star rating for research, surpassing Eightcap's 3.5 stars. According to ForexBrokers.com, BlackBull Markets is ranked 18th out of 62 brokers in the research category, while Eightcap holds the 39th position. This suggests that while both brokers offer valuable research tools, BlackBull Markets provides a slightly more comprehensive suite, enhancing its appeal among traders seeking thorough market analysis options.
| Feature |
BlackBull Markets
|
Eightcap
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
BlackBull Markets and Eightcap both offer a foundation of educational resources aimed at forex and CFD trading, ensuring beginners have at least 10 articles, videos, or archived webinars available. While both broker platforms provide a searchable archive of past client webinars, only BlackBull Markets goes the extra mile by conducting live educational webinars monthly, allowing for more interactive learning experiences. In terms of video content, traders just starting out can benefit from specialized beginner videos at both platforms. However, those seeking advanced video tutorials will find a more comprehensive selection with BlackBull Markets.
For those looking to expand their trading vocabulary, both brokers offer an investor dictionary with definitions for at least 50 terms. When rated for overall education, BlackBull Markets scores higher with four stars compared to Eightcap's 3.5-star rating. This slight edge in educational offerings is reflected in their wider industry ranking, where BlackBull Markets holds the 29th position, whereas Eightcap is placed at 40th out of 62 brokers. These distinctions highlight BlackBull Markets as a potentially more enriching choice for newcomers eager to deepen their trading knowledge.
| Feature |
BlackBull Markets
|
Eightcap
|
|---|---|---|
| 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 62 of the best forex brokers, our research and account testing finds that BlackBull Markets is better than Eightcap. BlackBull Markets finished with an overall rank of #24, while Eightcap finished with an overall rank of #38.
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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Eightcap
|
|---|---|---|
| Overall Rating |
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| Trust Score | 78 | 85 |
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Both BlackBull Markets and Eightcap provide options for trading cryptocurrency derivatives, but neither offers the ability to buy actual, delivered cryptocurrencies.
While both BlackBull Markets and Eightcap support Skrill, Visa/Mastercard, and bank wires for depositing and withdrawing funds, only Eightcap offers PayPal, whereas neither provides ACH or SEPA transfer options.
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 | Eightcap | |
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| Trust Score | 78 | 85 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | Eightcap Review |
| Broker Screenshots | BlackBull Markets | Eightcap | |
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| Regulation | BlackBull Markets | Eightcap | |
|---|---|---|---|
| Trust Score | 78 | 85 | |
| Year Founded | 2014 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 3 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | BlackBull Markets | Eightcap | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| 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 | Yes |
| Tier-2 Licenses (Trusted) | BlackBull Markets | Eightcap | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | BlackBull Markets | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 26000 | 736 | |
| Forex Pairs (Total) | 72 | 56 | |
| 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 (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 | Eightcap | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.71 | 1.0 | |
| All-in Cost EUR/USD - Active | 0.71 | 0.76 | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | BlackBull Markets | Eightcap | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| 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 | Eightcap | |
|---|---|---|---|
| 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 Tools | BlackBull Markets | Eightcap | |
|---|---|---|---|
| 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 | Eightcap | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| 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 | Eightcap | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | BlackBull Markets | Eightcap | |
|---|---|---|---|
| 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 | Eightcap | |
|---|---|---|---|
| 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 | Eightcap Review |
| Overall | BlackBull Markets | Eightcap | |
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| Trust Score | 78 | 85 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | Eightcap Review |
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