Written by ForexBrokers.com
In this head to head comparison of eToro vs BlackBull Markets, 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.
Comparing online brokers eToro and BlackBull Markets: eToro was founded in 2007, is publicly traded, and is not a bank. BlackBull Markets was founded in 2014, is not publicly traded, and is not a bank. As rated by ForexBrokers.com, eToro holds a Trust Score of 96/99, which is considered highly trusted. BlackBull Markets scores 78/99, which falls into the average risk category. For context, ForexBrokers.com’s Trust Score scale classifies 90–99 as highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, and under 59 not trusted.
On regulation, eToro holds 4 Tier-1 licenses (highly trusted) and 1 Tier-2 license (trusted). BlackBull Markets holds 1 Tier-1 license and 0 Tier-2 licenses. In short, eToro offers broader top-tier regulatory coverage and a public-company profile, while BlackBull Markets has a lighter licensing footprint and an average risk rating.
| Feature |
eToro
|
BlackBull Markets
|
|---|---|---|
| Year Founded | 2007 | 2014 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 4 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
Comparing commissions and fees, both eToro and BlackBull Markets earn 4.5 out of 5 stars, but BlackBull ranks higher in ForexBrokers.com’s Commissions and Fees category (#19 of 63) than eToro (#23 of 63). eToro is a market-maker that lists a typical variable spread of 1 pip on EUR/USD, which is slightly above the industry average. BlackBull’s pricing is about average overall, but can be lower than eToro’s depending on the account you choose.
eToro’s appeal isn’t its spreads; retail traders often pick it for social copy trading. For cost-conscious users, note that eToro’s VIP Club (Silver to Diamond) is available for balances from $5,000 to $250,000 and can include perks that help offset some costs, such as access to Trading Central, discounted deposit and withdrawal fees, and a dedicated account manager. eToro commissions and fees rating: 4.5/5 stars; category rank: #23/63.
BlackBull Markets offers three account types. The Standard account is commission-free with no minimum deposit but has higher spreads. The Prime account requires a $2,000 minimum and typically delivers lower costs, with an average EUR/USD spread of 0.16 and an all-in cost near 0.76 pips after a 0.3-pip commission per side ($3 per side, $6 round turn per lot). The ECN Institutional account targets active traders with at least $20,000, charging $2 per side ($4 round turn). BlackBull commissions and fees rating: 4.5/5 stars; category rank: #19/63.
| Feature |
eToro
|
BlackBull Markets
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $0 |
| Average spread (EUR/USD) - Standard account | 1 | 0.71 |
| All-in Cost EUR/USD - Active | N/A | 0.71 |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
eToro and BlackBull Markets both shine for range of investments, each earning 5 out of 5 stars. BlackBull Markets ranks higher (#6 vs. eToro’s #11) and offers a wider selection overall, with about 26,000 tradeable symbols compared with eToro’s 7,441. BlackBull also lists more forex pairs (72 vs. 55). Both brokers support forex trading (CFD or spot, depending on product and region), offer copy trading, and let you buy exchange-traded securities on U.S. and international exchanges—not just CFDs.
For cryptocurrency, the difference is clear: eToro lets you buy real, delivered crypto as well as crypto CFDs, while BlackBull Markets limits crypto to CFDs only. If you want access to actual coins alongside stocks and ETFs, eToro has the edge; if you value a larger overall instrument list and more forex pairs, BlackBull Markets stands out.
| Feature |
eToro
|
BlackBull Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 7441 | 26000 |
| Forex Pairs (Total) | 55 | 72 |
| U.S. Stocks (Shares) | Yes | Yes |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | Yes | 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.
eToro and BlackBull Markets both offer free demo accounts for paper trading, web-based platforms, copy trading, and the ability to place orders directly from charts. eToro stands out with its easy-to-use, in-house platform that runs in your browser (there’s no Windows desktop app), and its well-known social and copy features. In ForexBrokers.com testing, eToro earned 4.5 out of 5 stars for Trading Platforms and Tools and ranks #8 of 63 brokers.
BlackBull Markets takes a different route: rather than a proprietary platform, it leans on MetaTrader 4 (MT4) and MetaTrader 5 (MT5), giving you access to a full Windows desktop download as well as browser access. You can try strategies in a demo, copy other traders, and trade from charts. In the same category, BlackBull Markets is rated 4 out of 5 stars and ranks #31 of 63. If you prefer a streamlined web experience with social trading, eToro fits well; if you want the classic MT4/MT5 workflow and a Windows desktop platform, BlackBull Markets may be the better match.
| Feature |
eToro
|
BlackBull Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| Charting - Indicators / Studies (Total) | 106 | 109 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both eToro and BlackBull Markets offer iPhone and Android trading apps. Each app supports price alerts and watchlist syncing, so your symbols stay aligned between mobile and your online account. If you want a straightforward way to track markets on the go with notifications and synced lists, both brokers check those boxes.
For charting, the differences stand out. eToro’s mobile app includes 104 technical studies (indicators) but does not let you draw trendlines and won’t auto-save drawings. BlackBull Markets offers 30 studies, yet it does allow trendline drawing and auto-saves chart drawings. In independent reviews, eToro earns 4.5 stars and ranks #10 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, while BlackBull Markets earns 4 stars and ranks #33. Choose eToro if you want more built-in indicators and a higher-rated app; pick BlackBull Markets if drawing tools and auto-saving your chart work are more important.
| Feature |
eToro
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BlackBull Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 104 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Trendlines Autosave | No | Yes |
Dive deeper: Best Forex Trading Apps.
For market research, eToro comes out ahead with a 4.5/5 Research rating and a #13 ranking out of 63 brokers on ForexBrokers.com, while BlackBull Markets scores 4/5 and ranks #18. Both brokers deliver daily market commentary, an economic calendar, and a sentiment tool that shows the ratio of long vs. short positions across instruments.
Where they differ is in premium research sources and tools. eToro streams forex news from major outlets such as Bloomberg, Reuters, or similar, and adds Trading Central analytics plus TipRanks equity research. BlackBull Markets does not carry those, but it does include Autochartist for technical pattern and signal scanning. Neither broker offers tools from Acuity Trading. If you value built-in news and wider third-party research, eToro has the edge; if you want Autochartist specifically, BlackBull Markets delivers.
| Feature |
eToro
|
BlackBull Markets
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | Yes |
| Trading Central | Yes | No |
| Client sentiment data | Yes | Yes |
| TipRanks | Yes | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
Comparing eToro vs BlackBull Markets for beginner education, both brokers check the key boxes. Each offers a library of forex and CFD lessons that easily exceeds the 10-piece baseline, plus monthly client webinars to help you learn in real time. Beginners get plenty of step-by-step video content at both brokers (10+ beginner videos each), and when you’re ready to level up, there are also 10+ advanced videos at both eToro and BlackBull.
Where they differ is in overall quality and recognition. eToro earns 4.5 out of 5 stars for Education and ranks #5 out of 63 brokers on ForexBrokers.com, signaling a stronger all-around learning experience. BlackBull Markets is still a solid choice for newcomers, with a 4 out of 5 Education rating and a #29 ranking. If you want the most highly rated beginner education, eToro has the edge; if you’re comfortable with a good, well-rounded lineup, BlackBull Markets will also serve you well.
| Feature |
eToro
|
BlackBull Markets
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that eToro is better than BlackBull Markets. eToro finished with an overall rank of #9, while BlackBull Markets finished with an overall rank of #24.
eToro is a winner for its easy-to-use copy-trading platform, where traders can copy the trades of experienced investors – or receive exclusive perks for sharing their own trading strategies.
| Feature |
eToro
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BlackBull Markets
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|---|---|---|
| Overall Rating |
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| Trust Score | 96 | 78 |
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eToro vs BlackBull Markets: eToro offers both delivered cryptocurrency purchases and crypto CFDs, whereas BlackBull Markets supports only cryptocurrency CFDs and does not allow buying the underlying coins.
Comparing eToro and BlackBull Markets for funding methods: eToro offers ACH/SEPA transfers and PayPal (not available at BlackBull Markets), both brokers support Skrill and bank wire transfers, and Visa/Mastercard availability is not specified for either broker.
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 | eToro | BlackBull Markets | |
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| Trust Score | 96 | 78 | |
| Winner | check_circle | ||
| Review | eToro Review | BlackBull Markets Review |
| Broker Screenshots | eToro | BlackBull Markets | |
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| Regulation | eToro | BlackBull Markets | |
|---|---|---|---|
| Trust Score | 96 | 78 | |
| Year Founded | 2007 | 2014 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 4 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | eToro | BlackBull Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | eToro | BlackBull Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | eToro | BlackBull Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 7441 | 26000 | |
| Forex Pairs (Total) | 55 | 72 | |
| U.S. Stocks (Shares) | Yes | Yes | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | Yes | 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 | eToro | BlackBull Markets | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1 | 0.71 | |
| All-in Cost EUR/USD - Active | N/A | 0.71 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | eToro | BlackBull Markets | |
|---|---|---|---|
| Minimum Deposit | $50-$10,000 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | eToro | BlackBull Markets | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | Yes |
| Trading Tools | eToro | BlackBull Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 106 | 109 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | BlackBull Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 104 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Trendlines Autosave | No | Yes | |
| Mobile Research - Economic Calendar | No | Yes |
| Research | eToro | BlackBull Markets | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | Yes | |
| Trading Central | Yes | No | |
| TipRanks | Yes | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | eToro | BlackBull Markets | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | eToro | BlackBull Markets | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | eToro Review | BlackBull Markets Review |
| Overall | eToro | BlackBull Markets | |
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| Trust Score | 96 | 78 | |
| Winner | check_circle | ||
| Review | eToro Review | BlackBull Markets Review |
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