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eToro vs BlackBull Markets 2021

Is BlackBull Markets better than eToro? In our analysis of 23 international regulators across 50 brokers, BlackBull Markets is considered average-risk, with an overall Trust Score of 70 out of 99. eToro is considered low-risk, with an overall Trust Score of 93 out of 99. Learn more about Trust Score.


CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Overall Rating

Feature eToro BlackBull Markets
Overall 4 3.5
Commissions & Fees 4 4
Offering of Investments 4.5 3
Platforms & Tools 4 3
Mobile Trading 4 3
Research 4 3
Education 4 3
Trust Score 92 70
eToro Review BlackBull Markets Review
68% of retail CFD accounts lose money

Regulation

Feature eToro BlackBull Markets
Trust Score 92 70
Year Founded
2007 2014
Publicly Traded (Listed)
No No
Bank
No No
Tier-1 Licenses
2 0
Tier-2 Licenses
1 1
Tier-3 Licenses
0 0
Authorised in the European Union
Yes No

Tier-1 Licenses (High Trust)

Feature eToro BlackBull Markets
ASIC Authorised (Australia)
Yes No
IIROC Authorised (Canada)
No No
SFC Authorised (Hong Kong)
No No
FSA Authorised (Japan)
No No
MAS Authorised (Singapore)
No No
FINMA Authorised (Switzerland)
No No
FCA Authorised (UK)
Yes No
CFTC Registered (USA)
No No

Tier-2 Licenses (Average Trust)

Feature eToro BlackBull Markets
CBRC Authorised (China)
No No
CySEC Authorised (Cyprus)
Yes No
CBI Authorised (Ireland)
No No
ISA Authorised (Israel)
No No
FMA Authorised (New Zealand)
No Yes
CBR Authorised (Russia)
No No
FSCA Authorised (South Africa)
No No
SEC Authorised (Thailand)
No No

Tier-3 Licenses (Low Trust)

Feature eToro BlackBull Markets
SCB Authorised (Bahamas) No No
IFSC Authorised (Belize) No No
BMA Authorised (Bermuda) No No
FSC Authorised (British Virgin Islands)
No No
FSC Authorised (Mauritius)
No No

Investments

Feature eToro BlackBull Markets
Forex Trading
Yes Yes
CFD Trading
Yes Yes
Tradeable Symbols (Total)
3056 281
Forex Pairs (Total)
47 30
US Stock Trading (Non CFD)
Yes No
Int'l Stock Trading (Non CFD)
Yes No
Cryptocurrency (Physical)
Yes No
Cryptocurrency (CFD)
Yes No
Social Trading / Copy-Trading
Yes Yes

Cost

Feature eToro BlackBull Markets
Average Spread EUR/USD - Standard
1 (August 2021) 0.76
All-in Cost EUR/USD - Active
N/A 0.76
Active Trader or VIP Discounts
Yes Yes
Execution: Agency Broker
Yes No
Execution: Market Maker
Yes Yes

Funding

Feature eToro BlackBull Markets
Minimum Deposit
$50-$200 $200
Bank Wire (Deposit/Withdraw)
Yes Yes
Visa/Mastercard (Credit/Debit)
Yes Yes
PayPal (Deposit/Withdraw)
Yes No
Skrill (Deposit/Withdraw)
Yes Yes

Trading Platforms

Feature 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 No
cTrader
No No
DupliTrade
No No
ZuluTrade
No No

Trading Tools

Feature eToro BlackBull Markets
Virtual Trading (Demo)
Yes Yes
Alerts - Basic Fields
Yes Yes
Watchlists - Total Fields
6 MetaTrader (Default)
Charting - Indicators / Studies (Total)
66 MetaTrader (Default)
Charting - Drawing Tools (Total)
13 MetaTrader (Default)
Charting - Trade From Chart
No Yes
Charting - Drawings Autosave
Yes No
Order Type - Trailing Stop
Yes No

Mobile Trading

Feature eToro BlackBull Markets
Android App
Yes Yes
Apple iOS App
Yes Yes
Alerts - Basic Fields
Yes Yes
Watch List
Yes Yes
Watch List Syncing
Yes No
Charting - Indicators / Studies
5 MetaTrader (Default)
Charting - Draw Trendlines
No Yes
Charting - Trendlines Moveable
No No
Charting - Multiple Time Frames
Yes Yes
Charting - Drawings Autosave
No Yes
Forex Calendar
No Yes

Research

Feature eToro BlackBull Markets
Daily Market Commentary
Yes Yes
Forex News (Top-Tier Sources)
No No
Weekly Webinars
No No
Autochartist
No No
Trading Central (Recognia)
Yes No
Delkos Research
No No
Social Sentiment - Currency Pairs
Yes No
Economic Calendar
Yes Yes

Education

Feature eToro BlackBull Markets
Has Education - Forex or CFDs
Yes No
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

Feature 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

Overall

Feature eToro BlackBull Markets
Overall 4 3.5
Commissions & Fees 4 4
Offering of Investments 4.5 3
Platforms & Tools 4 3
Mobile Trading 4 3
Research 4 3
Education 4 3
Trust Score 92 70
eToro Review BlackBull Markets Review

Comparing forex brokers side by side is no easy task. For our 2021 annual forex broker review, we spent hundreds of hours assessing 27 forex and CFD brokerages to find the best forex broker. Let's compare BlackBull Markets vs eToro.

Does BlackBull Markets or eToro offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, BlackBull Markets offers better pricing overall for traders.

Is BlackBull Markets or eToro safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. eToro holds 2 global Tier-1 licenses, while BlackBull Markets holds 0. Both BlackBull Markets and eToro hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, eToro earned a higher Trust Score than BlackBull Markets.

Which trading platform is better: BlackBull Markets or eToro?
To compare the trading platforms of both BlackBull Markets and eToro, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, eToro offers a better experience. With research, eToro offers superior market research. Finally, we found eToro to provide better mobile trading apps.

What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. BlackBull Markets and eToro both offer copy trading. BlackBull Markets offers MetaTrader 4 (MT4), while eToro does not.

How many forex pairs and CFDs are available to trade?
eToro provides traders 47 currency pairs (e.g., EUR/USD) compared to BlackBull Markets's 30 available pairs. Forex pairs aside, eToro offers traders access to 3056 CFDs while BlackBull Markets has 281 available CFDs, a difference of 2,775.

Can I trust BlackBull Markets?
BlackBull Markets is not publicly traded and does not operate a bank. BlackBull Markets is authorised by zero tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). BlackBull Markets is authorised by the following tier-2 regulators: New Zealand Financial Markets Authority (FMA).

Can I trust eToro?
eToro is not publicly traded and does not operate a bank. eToro is authorised by two tier-1 regulators (high trust), one tier-2 regulator (average trust), and one tier-3 regulators (low trust). eToro is authorised by the following tier-1 regulators: Australian Securities & Exchange Commission (ASIC) and the Financial Conduct Authority (FCA).

Is BlackBull Markets good?
With just MetaTrader 4 available alongside a handful of social copy trading platforms, BlackBull Markets offers a limited product range and struggles to compete with industry-leading forex brokers

Is eToro good?
eToro is a winner for its easy-to-use copy-trading platform where traders can copy the trades of investors across over 2300 instruments, including exchange-traded securities, forex, CFDs, and popular cryptocurrencies.

Overall winner: eToro

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eToro - 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Cryptoassets are highly volatile unregulated investment products. No EU investor protection.

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