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.
eToro, founded in 2007, and BlackBull Markets, established in 2014, are leading names in the online trading industry. When it comes to regulatory oversight and trust, eToro boasts an impressive Trust Score of 96 out of 99, categorizing it as highly trusted according to ForexBrokers.com. This is bolstered by its three Tier-1 licenses and one Tier-2 license, underlining its solid regulatory framework. On the other hand, BlackBull Markets holds one Tier-1 license with a Trust Score of 78, placing it in the average risk category. Both platforms are not banks and while eToro is publicly traded, BlackBull Markets remains privately owned.
The choice between eToro and BlackBull Markets might hinge on the importance you place on regulatory assurances and public trading status. eToro’s status as a publicly traded company and its higher number of Tier-1 licenses can offer peace of mind for many traders. Meanwhile, BlackBull Markets, while newer and with a lower Trust Score, may still appeal to those who weigh different factors more heavily, such as trading tools or asset selection. Ultimately, understanding the regulatory credentials and trust scores of these brokers can provide valuable insight into their reliability.
| Feature |
eToro
|
BlackBull Markets
|
|---|---|---|
| Year Founded | 2007 | 2014 |
| Publicly Traded (Listed) | Yes | No |
| Bank | No | No |
| Tier-1 Licenses | 3 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing eToro and BlackBull Markets, both brokers offer distinct approaches to commissions and fees. eToro operates as a market-maker and presents an average variable spread of 1 pip on EUR/USD pairs. Although this is slightly above the standard industry rate, traders often choose eToro not solely for its spreads but for its renowned social copy trading platform. The brokerage also has a VIP membership program, the eToro Club, which provides various benefits such as reduced withdrawal and deposit fees, access to exclusive trading resources, and a dedicated account manager for those maintaining balances between $5,000 and $250,000.
BlackBull Markets, conversely, offers a tiered account structure, with trading costs aligning closely with standard industry norms. The Prime account, noted for its competitiveness, features an average spread of 0.16 pips on EUR/USD based on March 2024 data, with a total cost of 0.76 pips when considering a per-side commission. This account requires a $2,000 minimum deposit and a commission of $3 per side. The Standard account eliminates commissions but has wider spreads, and there is no minimum deposit requirement. For high-volume traders, the ECN Institutional account, with a minimum deposit of $20,000, provides the lowest commissions.
Both eToro and BlackBull Markets receive a commendable 4.5-star rating for their commissions and fees. However, according to ForexBrokers.com, BlackBull Markets holds a slightly higher rank at #18 compared to eToro's #22 out of 63 brokers. This reflects BlackBull’s structured account options and competitive pricing models, which may cater to a broader range of traders seeking tailored solutions.
| Feature |
eToro
|
BlackBull Markets
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $0 |
| Average Spread EUR/USD - Standard | 1 | 0.71 |
| All-in Cost EUR/USD - Active | N/A | 0.71 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
eToro and BlackBull Markets both offer impressive ranges of investment options for traders. eToro provides access to 5,461 tradeable symbols, including 55 forex pairs, allowing users to engage in various markets, including actual cryptocurrencies. In contrast, BlackBull Markets boasts an even larger selection with 26,000 symbols and 72 forex pairs, although they do not offer the purchase of actual cryptocurrencies, only derivatives. Both platforms permit users to trade exchange-traded securities on U.S. and international exchanges, so investors can purchase recognizable stocks like Apple and Vodafone. Additionally, each broker supports copy trading, enabling investors to mirror the strategies of more experienced traders.
When evaluated by ForexBrokers.com, eToro received a five-star rating for its range of investments but was ranked slightly lower at #10 out of 63 brokers in this category. BlackBull Markets, also rated five stars, ranked higher at #6, acknowledging its extensive offering of tradeable instruments. However, investors interested specifically in actual cryptocurrency trading will find eToro more beneficial, while those seeking a broader array of tradeable symbols might prefer BlackBull Markets.
| Feature |
eToro
|
BlackBull Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 5461 | 26000 |
| Forex Pairs (Total) | 55 | 72 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | 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 of eToro and BlackBull Markets, both brokers offer a range of features designed for different trading preferences. eToro stands out with its proprietary platform developed in-house, offering traders a unique and user-friendly experience with a web-based interface. It also supports simulated trading with a free virtual demo account and features comprehensive charting tools, including 161 drawing tools. Additionally, eToro offers copy trading, making it easy for traders to replicate the strategies of successful investors. However, it lacks support for popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and doesn't provide trading directly from stock charts. On the other hand, BlackBull Markets offers both MT4 and MT5, providing a familiar interface for many traders. Though it lacks an in-house developed platform, it compensates with a Windows-based desktop download option and features like ZuluTrade for automated trading.
In terms of charting, BlackBull Markets supplies fewer drawing tools compared to eToro but offers the ability to trade directly from stock charts, enhancing the trading experience. It also supports simulated trading with a demo account. With each broker offering six columns for watch lists, both maintain comparability in watch list customization. Regarding ratings, eToro is slightly ahead with 4.5 stars out of five for trading platforms and tools, and it ranks 8th out of 63 brokers according to ForexBrokers.com. BlackBull Markets follows with a respectable 4-star rating, standing at 29th position. These differences highlight eToro's slight edge in user engagement and tool variety, especially for those interested in a proprietary, web-based trading platform with extensive drawing tools, while BlackBull Markets might appeal more to traders seeking traditional platform support and integrated stock chart trading.
| Feature |
eToro
|
BlackBull Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | No | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | No | Yes |
| MetaTrader 5 (MT5) | No | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 104 | 109 |
| Charting - Drawing Tools (Total) | 161 | 60 |
| Charting - Trade From Chart | No | Yes |
| Watchlists - Total Fields | 6 | 6 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of eToro and BlackBull Markets, both providers offer iPhone and Android apps, ensuring accessibility no matter your device preference. They each provide stock or forex price alerts and synchronize watchlist symbols so that any changes you make are reflected across both your mobile app and online account. However, when it comes to the number of technical studies available for charting, eToro takes the lead with 104 options compared to BlackBull Markets' 30. On the other hand, BlackBull Markets allows you to draw trendlines and automatically saves your chart drawings, features that are not available with eToro.
Both apps allow you to view stock or forex charts across various time frames and to create watchlists that display real-time quotes. In terms of customer satisfaction, eToro's mobile app receives a 4.5 out of 5-star rating, ranking it tenth out of 63 brokers in the Mobile Trading Apps category according to ForexBrokers.com. BlackBull Markets holds a slightly lower rating of 4 stars and is ranked 31st by the same source. Ultimately, your choice may depend on whether you prioritize advanced chart customization and automated chart-saving features, where BlackBull Markets shines, or prefer a broader selection of technical studies, where eToro stands out.
| Feature |
eToro
|
BlackBull Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 104 | 30 |
| Mobile Charting - Draw Trendlines | No | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | No | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Both eToro and BlackBull Markets provide daily market commentary and a sentiment-based trading tool, helping traders stay informed with the latest market insights. However, when it comes to third-party content, these platforms differ. eToro integrates tools from Trading Central and offers research from TipRanks, which are not available with BlackBull Markets. On the other hand, BlackBull Markets compensates by providing research tools from Autochartist, which eToro does not offer.
Both brokers ensure access to economic calendars, offering insights into global economic events. Nevertheless, neither offers forex news from top-tier sources or research tools from Acuity Trading. eToro stands out with a higher research rating of 4.5 stars and ranks #13 for Research, while BlackBull Markets follows closely with a 4-star rating, positioned at #18. These distinctions can play a significant role for traders when choosing the broker best suited to their research needs.
| Feature |
eToro
|
BlackBull Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | Yes | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to providing educational resources for beginners in trading, both eToro and BlackBull Markets make substantial efforts. Each broker offers a strong selection of over ten educational pieces, including articles, videos, and archived webinars focused primarily on forex or CFDs. Both companies host online educational webinars for clients at least once a month and maintain a searchable archive of these recorded sessions, ensuring that traders can access valuable learning materials anytime. Additionally, each broker has developed more than ten beginner-specific videos addressing various trading topics, complemented by resources for advanced traders. For those looking to understand the jargon of investing, both platforms offer an investor dictionary with over 50 essential terms.
In terms of recognition, eToro stands out with a 4.5-star rating for education, compared to BlackBull Markets' 4-star mark. This is further echoed in their rankings by ForexBrokers.com, where eToro is positioned at #5 among 63 brokers in the Education category, while BlackBull Markets ranks at #29. eToro's higher rating indicates a slightly more comprehensive or accessible approach to educational resources, making it a strong contender for beginners seeking to develop their trading knowledge. However, both platforms provide substantial tools and materials to support new and advanced traders alike.
| Feature |
eToro
|
BlackBull Markets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| 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 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
|
|---|---|---|
| Overall Rating |
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| Trust Score | 96 | 78 |
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eToro provides the option to purchase both actual cryptocurrencies and cryptocurrency derivatives, whereas BlackBull Markets offers only cryptocurrency derivatives and does not support the purchase of actual delivered cryptocurrencies.
When comparing online brokers eToro and BlackBull Markets, eToro stands out by offering a wider range of deposit and withdrawal methods, including ACH or SEPA transfers and PayPal, both of which are not supported by BlackBull Markets, while both platforms support Skrill, Visa or Mastercard, and bank wire 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 | 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 | 3 | 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) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| 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) | 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 | eToro | BlackBull Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 5461 | 26000 | |
| Forex Pairs (Total) | 55 | 72 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | 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 | eToro | BlackBull Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1 | 0.71 | |
| All-in Cost EUR/USD - Active | N/A | 0.71 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| 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 | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | eToro | BlackBull Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | No | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | No | Yes | |
| MetaTrader 5 (MT5) | No | Yes | |
| cTrader | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | eToro | BlackBull Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 6 | |
| Charting - Indicators / Studies (Total) | 104 | 109 | |
| Charting - Drawing Tools (Total) | 161 | 60 | |
| Charting - Trade From Chart | No | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | eToro | BlackBull Markets | |
|---|---|---|---|
| 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 | 104 | 30 | |
| Mobile Charting - Draw Trendlines | No | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | No | Yes | |
| Mobile Economic Calendar | No | Yes |
| Research | eToro | BlackBull Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | Yes | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | eToro | BlackBull Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | eToro | BlackBull Markets | |
|---|---|---|---|
| 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 | 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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