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 the commissions and fees of BlackBull Markets to Eightcap, both online brokers present distinct advantages that cater to different types of traders. BlackBull Markets, with its three account types, offers a flexible fee structure. The Prime account stands out, featuring an average EUR/USD spread of 0.16. After adding a commission of $6 per 10,000 traded, the total cost is 0.76 pips. This account, while requiring a $2,000 minimum deposit, is a middle-ground choice compared to the commission-free Standard account, which has higher spreads but no deposit requirement, and the high-deposit Institutional account for active traders.
In contrast, Eightcap provides two main accounts. The Raw account features an appealing average spread of 0.06 pips, but once the $3.50 per side commission is included, the total cost reaches 0.76 pips, which closely aligns with industry averages. For traders preferring a commission-free experience, Eightcap's Standard account is an option, albeit with larger spreads. Although Eightcap's cost structure is commendable, it remains slightly pricier compared to the most economical forex brokers available.
BlackBull Markets is rated 4.5 out of 5 stars for its commission and fee structure, ranking at #18 out of 63 brokers according to ForexBrokers.com. Meanwhile, Eightcap receives a rating of 4 stars, positioned at #26 in the same category. These ratings reflect how both brokers' offerings can suit diverse trader needs, depending on their investment strategy and account preferences.
| 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.
BlackBull Markets and Eightcap both offer forex trading as a CFD or spot contract, yet they diverge significantly in the range of investments they provide. BlackBull Markets stands out with an impressive 26,000 tradeable symbols, substantially more than Eightcap’s offering of 800. For forex enthusiasts, BlackBull Markets also offers more variety, with 72 forex pairs available for trading compared to Eightcap's 56. Importantly, BlackBull Markets clients can invest in exchange-traded securities on both U.S. and international exchanges, purchasing shares like Apple or Vodafone, which Eightcap does not offer. Both platforms accommodate those interested in cryptocurrencies through derivatives but do not offer actual, delivered cryptocurrencies.
In terms of additional trading features, both platforms support copy trading. With a top-tier range of investments rating of 5 stars from ForexBrokers.com, BlackBull Markets shines brighter, ranking sixth out of 63 brokers. Conversely, Eightcap has a 3.5-star rating and holds the 40th spot in the same category. This distinction underlines BlackBull Markets as a comprehensive choice for traders seeking diverse investment opportunities and advanced trading options.
| Feature |
BlackBull Markets
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 26000 | 800 |
| 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.
Both BlackBull Markets and Eightcap provide an accessible and versatile trading experience for users looking for well-rounded platforms. Both brokers offer simulated trading through free virtual demo accounts, allowing users to practice their strategies without risking real money. They also support MetaTrader 4 and MetaTrader 5, which are popular platforms among traders due to their comprehensive features. While neither broker provides a proprietary platform, each supports Windows-based desktop downloads and web-based platforms, ensuring flexibility in how you access the market. Additionally, both brokers offer copy trading functionalities; however, BlackBull Markets stands out by offering ZuluTrade, a feature not available with Eightcap.
In terms of charting tools, BlackBull Markets offers a significant advantage with 60 drawing tools, compared to Eightcap's 15. This can provide more detailed analysis and customization for traders inclined towards technical analysis. When it comes to watch lists, Eightcap offers 7 columns for fields while BlackBull Markets provides 6, allowing slight variation in organizing trading priorities. Trading directly from stock charts is possible with both brokers, contributing to a seamless trading process. In overall ratings for trading platforms and tools, both brokers score 4 out of 5 stars. However, BlackBull Markets has a slightly higher ranking at 29th compared to Eightcap's 38th position in ForexBrokers.com's evaluation of 63 brokers. This ranking reflects a marginal preference toward BlackBull Markets in the Trading Platforms and Tools category.
| 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.
When comparing the mobile trading apps of BlackBull Markets and Eightcap, both platforms provide comprehensive services for traders on the go. Each offers apps for iPhone and Android devices, and supports essential features like stock and forex price alerts, and the ability to sync watchlists across devices. The trading apps allow users to delve into 30 different technical studies, draw trend lines, and explore different time frames on charts, with both platforms featuring auto-save for chart drawings.
Both BlackBull Markets and Eightcap allow users to create watchlists with real-time quotes, ensuring traders have the latest market information at their fingertips. The user experience on these platforms results in a four-star rating for each. However, in terms of industry rankings by ForexBrokers.com, BlackBull Markets is positioned higher at 31st out of 63 brokers, compared to Eightcap's 38th place. This slight edge may influence traders who are considering which trading platform to choose based on overall peer rankings.
| 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.
When it comes to market research, both BlackBull Markets and Eightcap provide daily market commentary, helping you stay informed with timely updates. However, when it comes to forex news from leading sources like Bloomberg or Reuters, neither broker offers this feature. For traders interested in technical analysis tools, BlackBull Markets has a leg up due to offering Autochartist’s tools, while Eightcap does not. If sentiment-based trading tools are something you prioritize, both brokers offer solutions that show a ratio of long or short positions across various currency pairs. However, neither broker provides tools from Trading Central, TipRanks research, or Acuity Trading services such as Signal Centre.
Additional features like an economic calendar are available from both BlackBull Markets and Eightcap, helping traders keep track of important global economic events. In terms of ratings, BlackBull Markets scores slightly better with 4 stars, compared to Eightcap's 3.5 stars for research. This is reflected in their rankings by ForexBrokers.com, with BlackBull Markets securing the 18th spot out of 63 brokers, while Eightcap stands at 39th. Therefore, for traders who prioritize research capabilities in an online broker, BlackBull Markets might be a more fitting choice.
| 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 provide traders with comprehensive educational resources, making it easier for beginners to get started in the world of forex and CFDs. Each broker offers a minimum of 10 educational materials such as articles, videos, and archived webinars. BlackBull Markets, however, goes a step further by hosting monthly online educational webinars, which Eightcap does not provide. Both brokers have an easily searchable archive of past webinars, making it simple for users to access previous sessions.
When it comes to video content, BlackBull Markets and Eightcap each offer more than 10 beginner-friendly videos, but BlackBull Markets also includes over 10 advanced videos for experienced traders, a feature that Eightcap lacks. Both brokers provide an investor dictionary with over 50 investing terms to help new traders learn the lingo. In terms of educational value, BlackBull Markets is rated 4 stars and ranks #29 out of 63 brokers by ForexBrokers.com, while Eightcap scores 3.5 stars and sits at #40. This indicates that while both companies offer solid educational resources, BlackBull Markets provides a slightly more in-depth experience for learners.
| 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 63 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 | 800 | |
| 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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