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.
BlackBull Markets (founded 2014) and Eightcap (founded 2009) are online brokers that are not publicly traded and are not banks. Based on ForexBrokers.com’s Trust Score (out of 99), BlackBull Markets scores 77 and is considered average risk, while Eightcap scores 87 and is considered trusted. For context, 90–99 is highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, and under 59 not trusted.
On regulation, BlackBull Markets holds 1 Tier-1 license (highly trusted) and 0 Tier-2 licenses (trusted). Eightcap holds 3 Tier-1 licenses and 1 Tier-2 license. In simple terms, Eightcap has broader top-tier oversight, whereas BlackBull Markets has some top-tier coverage but fewer licenses overall.
| 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 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
BlackBull Markets and Eightcap both earn a strong 4.5 out of 5 stars for commissions and fees, but BlackBull has the edge in the ranking, placing #9 out of 36 brokers compared with Eightcap at #20. In simple terms, both brokers are reasonably priced, but BlackBull comes out a bit better overall for traders who want lower trading costs.
At BlackBull Markets, costs depend on the account you choose. The Standard account has no commission and no minimum deposit, but its spreads are higher. The Prime account is often the better value, with an average EUR/USD spread of 0.16 pips and an all-in cost of about 0.76 pips after commission, though it requires a $2,000 minimum deposit. For more active traders, the ECN Institutional account asks for at least $20,000 and offers even lower commissions.
Eightcap also gives traders two main choices: a spread-only Standard account or a commission-based Raw account. The Raw account shows an average spread of 0.06 pips, but once the $3.50 per-side commission is added, the total cost is around 0.76 pips, which is close to the industry average. That makes Eightcap fairly competitive, but still a little more expensive than the cheapest forex brokers.
| Feature |
BlackBull Markets
|
Eightcap
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average spread (EUR/USD) - Spread-only account | 1.16 | 1.0 |
| All-in Cost EUR/USD - Raw spread account | 0.76 | 0.76 |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | No |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When it comes to range of investments, BlackBull Markets offers a much wider selection than Eightcap. Both brokers provide forex trading as a CFD or spot contract, as well as cryptocurrency CFDs, but BlackBull Markets stands out with 26,000 tradeable symbols and 72 forex pairs, compared with Eightcap’s 803 symbols and 55 forex pairs. BlackBull Markets also gives clients access to exchange-traded securities on both U.S. and international exchanges, while Eightcap does not offer direct share dealing on either market.
BlackBull Markets also includes copy trading, which Eightcap does not. Neither broker lets you buy actual cryptocurrency for delivery, but both support crypto CFDs. In ForexBrokers.com’s Range of Investments category, BlackBull Markets is rated 5 stars and ranked #7 out of 36 brokers, while Eightcap has a 3.5-star rating and ranks #31, making BlackBull Markets the stronger choice for investors who want more market variety.
| Feature |
BlackBull Markets
|
Eightcap
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 26000 | 803 |
| Forex Pairs (Total) | 72 | 55 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | No |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
BlackBull Markets and Eightcap both give traders a good range of platform choices, including free demo accounts, MetaTrader 4, MetaTrader 5, Windows desktop apps, and web-based trading platforms. Each also lets you trade directly from charts, which can make placing orders quicker and easier. Neither broker offers a proprietary platform, so traders will rely on third-party software rather than an in-house system.
Where BlackBull Markets pulls ahead is copy trading, which is not available at Eightcap. That extra feature may appeal to beginners or anyone who wants to follow other traders. Still, both brokers earn the same 4 out of 5 stars for Trading Platforms and Tools, even though BlackBull Markets ranks higher with ForexBrokers.com at #26 out of 36 brokers, compared with Eightcap at #34 out of 36.
| Feature |
BlackBull Markets
|
Eightcap
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 109 | 100 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
BlackBull Markets and Eightcap both offer mobile trading apps for iPhone and Android, so traders can manage their accounts on the go with either broker. Each app also includes price alerts, watchlist syncing between mobile and online accounts, trendline drawing on charts, and auto-saving for chart drawings. In ForexBrokers.com’s Mobile Trading Apps category, both brokers are rated 4 out of 5 stars, showing that each provides a solid mobile trading experience for everyday use.
The main difference is charting depth. BlackBull Markets offers 30 technical studies in its mobile app, while Eightcap provides 100, giving Eightcap a clearer edge for traders who want more chart tools and analysis options on a phone or tablet. Even so, BlackBull Markets is ranked higher overall in this category at #29 out of 36 brokers, compared with Eightcap at #34, so BlackBull Markets may appeal more to users looking for a stronger overall mobile app ranking.
| Feature |
BlackBull Markets
|
Eightcap
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 30 | 100 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
BlackBull Markets and Eightcap both give traders useful market research features, including daily market commentary, a sentiment tool showing long and short positions, and an economic calendar for tracking upcoming global events. Neither broker includes forex news from major outlets like Bloomberg or Reuters, and neither offers Trading Central or TipRanks research. The key difference is that BlackBull Markets includes Autochartist, which adds chart-based trading ideas and analysis tools, while Eightcap does not.
When it comes to overall research quality, BlackBull Markets comes out ahead. It earns 4.5 out of 5 stars for Research and is ranked #17 out of 36 brokers by ForexBrokers.com, while Eightcap scores 3.5 stars and ranks #35. Eightcap does offer Acuity Trading tools such as Signal Centre, which BlackBull Markets does not, but BlackBull still has the stronger research lineup overall for traders who want more built-in analysis support.
| Feature |
BlackBull Markets
|
Eightcap
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | Yes | No |
| Trading Central | No | No |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing BlackBull Markets and Eightcap for beginner education, BlackBull Markets comes out ahead overall. It offers forex and CFDs education with at least 10 learning pieces, monthly educational client webinars, and plenty of video content for both new and more experienced traders. That gives beginners more ways to learn the basics and keep building skills over time. BlackBull Markets is rated 4.5 out of 5 stars for Education and ranks #25 out of 36 brokers at ForexBrokers.com.
Eightcap also gives beginners access to at least 10 educational videos on trading basics, and it provides forex and CFDs education as well. However, it does not offer monthly educational client webinars, and it lacks at least 10 advanced educational videos for experienced traders. Its Education rating is 3.5 out of 5 stars, and it ranks #33 out of 36 brokers. For beginners who want more live learning and a wider range of study materials, BlackBull Markets is the stronger choice.
| Feature |
BlackBull Markets
|
Eightcap
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
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 #22, while Eightcap finished with an overall rank of #30.
BlackBull Markets is a growing broker best known for its broad platform support, including MetaTrader, cTrader, TradingView, and copy trading tools, along with a large range of tradeable instruments.
| Feature |
BlackBull Markets
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Eightcap
|
|---|---|---|
| Overall Rating |
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| Trust Score | 77 | 87 |
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BlackBull Markets vs Eightcap: neither online broker allows buying actual (delivered) cryptocurrency, but both offer trading in cryptocurrency CFDs.
Comparing funding and withdrawal methods, BlackBull Markets supports ACH/SEPA, Skrill, and bank wire transfers (no PayPal), while Eightcap offers PayPal, Skrill, and bank wires (no ACH/SEPA), with Visa/Mastercard availability not specified for either.
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 | 77 | 87 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | Eightcap Review |
| Broker Screenshots | BlackBull Markets | Eightcap | |
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| Broker Gallery (click to expand) |
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| Regulation | BlackBull Markets | Eightcap | |
|---|---|---|---|
| Trust Score | 77 | 87 | |
| 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 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| 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 (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| 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) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | No | Yes | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | BlackBull Markets | Eightcap | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 26000 | 803 | |
| Forex Pairs (Total) | 72 | 55 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | No | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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) - Spread-only account | 1.16 | 1.0 | |
| All-in Cost EUR/USD - Raw spread account | 0.76 | 0.76 | |
| Inactivity Fee | No | Yes | |
| Order execution: Agency | No | Yes | |
| Order execution: Market Maker | Yes | Yes |
| Funding | BlackBull Markets | Eightcap | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | Yes | No |
| Trading Platforms | BlackBull Markets | Eightcap | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No |
| Trading Tools | BlackBull Markets | Eightcap | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 109 | 100 | |
| 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 Price Alerts | Yes | Yes | |
| Mobile Watchlists - Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 100 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | BlackBull Markets | Eightcap | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | Yes | No | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | BlackBull Markets | Eightcap | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | BlackBull Markets | Eightcap | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| Review | BlackBull Markets Review | Eightcap Review |
| Overall | BlackBull Markets | Eightcap | |
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| Trust Score | 77 | 87 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | Eightcap Review |
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