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 and BlackBull Markets are two online brokers with distinct regulatory profiles, attracting traders from different backgrounds. Founded in 2007, eToro boasts a high level of trust with a ForexBrokers.com Trust Score of 93, placing it in the highly trusted category. It holds a total of three Tier-1 licenses and one Tier-2 license, reflecting its strong regulatory standing. Despite its credibility, eToro is not a publicly traded company nor a bank, which might interest those cautious about such factors.
In contrast, BlackBull Markets began its journey in 2014 and maintains an average risk status with a Trust Score of 78 from ForexBrokers.com. With one Tier-1 license ensuring a degree of reliability, BlackBull Markets does not hold any Tier-2 licenses. Like eToro, BlackBull Markets is neither publicly traded nor functions as a bank. This regulatory comparison may help traders choose according to their trust and security preferences in the dynamic world of online trading.
| Feature |
eToro
|
BlackBull Markets
|
|---|---|---|
| Year Founded | 2007 | 2014 |
| Publicly Traded (Listed) | No | 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 on commissions and fees, both brokers offer distinct structures catering to various trader needs. eToro, a popular choice for social copy trading, operates as a market-maker with a typical variable spread of 1 pip on the EUR/USD, which is slightly above the industry average. Despite its trading fees not being its strongest suit, eToro’s VIP Club provides enhanced benefits for traders maintaining balances from $5,000 to $250,000, including perks such as reduced withdrawal fees and a dedicated account manager. With a rating of 4.5 stars in the Commissions and Fees category, eToro ranks #22 out of 62 brokers according to ForexBrokers.com.
In contrast, BlackBull Markets offers a more diversified account structure that might appeal to a broad range of traders. Its Prime account features an average spread of 0.16 pips on the EUR/USD, with a total cost of 0.76 pips after including the per-side commission. This makes it an attractive option compared to its Standard account, which requires no minimum deposit but has higher spreads. For traders with higher equity, the ECN Institutional account offers even lower commission rates but requires a minimum deposit of $20,000. Also rated 4.5 stars for its commissions and fees, BlackBull Markets holds a higher ranking of #18 out of 62 brokers on ForexBrokers.com.
Ultimately, choosing between eToro and BlackBull Markets will depend on whether you prioritize lower spread costs or value the additional services and benefits of a comprehensive trading environment. While eToro emphasizes community and educational resources, BlackBull Markets stands out for cost-effective options with its Prime account. Both platforms offer solid reputations in the industry, making them worthy of consideration based on your trading preferences and objectives.
| 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.
When comparing eToro and BlackBull Markets, both platforms cater to diverse trading needs, but they differ significantly in terms of the number of tradeable symbols. eToro offers a commendable array of 5,461 tradeable symbols, while BlackBull Markets outshines with an impressive 26,000. In the forex arena, eToro provides 55 forex pairs, whereas BlackBull Markets offers a wider selection with 72 pairs. Both brokers facilitate forex trading via CFDs or spot contracts, ensuring flexibility for traders in their methods. Furthermore, both brokers offer access to exchange-traded securities, allowing clients to invest in shares on U.S. and international markets, including well-known companies like Apple and Vodafone.
For those interested in cryptocurrency, eToro takes the lead by offering the purchase of actual cryptocurrencies in addition to derivatives, whereas BlackBull Markets limits trading to cryptocurrency derivatives. Copy trading enthusiasts will find options available on both platforms, providing an opportunity to mimic successful trades. Both platforms have received top ratings of 5 stars for their range of investments, although BlackBull Markets ranks slightly higher at number 6 in the Range of Investments category according to ForexBrokers.com, compared to eToro's ranking at number 10. Whether your investment focus is on cryptocurrencies or a broader selection of tradeable symbols, both eToro and BlackBull Markets offer competitive, high-quality options to meet the needs of a wide range of investors.
| 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 trading platforms and tools, eToro and BlackBull Markets each have unique offerings that cater to different kinds of traders. eToro stands out with its proprietary platform, which provides a seamless and user-friendly web-based experience. Traders can take advantage of eToro's virtual demo account to practice without risking real money, coupled with a strong copy trading feature that easily allows users to mimic the trades of successful investors. However, it lacks support for MetaTrader 4 and 5, which are popular among seasoned traders. On the other hand, BlackBull Markets doesn't have a proprietary platform but offers a Windows-based desktop download option, ideal for traders who prefer this setup. It fully supports both MetaTrader 4 and 5, giving users access to these robust desktop applications. Additionally, BlackBull Markets is compatible with ZuluTrade, further expanding its social trading capabilities.
eToro offers a more visually intuitive platform with 161 drawing tools for charting, although it misses some advanced trading features like trading directly from a stock chart. In contrast, BlackBull Markets provides 60 drawing tools but compensates with the capability to directly execute trades from a stock chart, catering to those who value speed and convenience in their trading strategy. With both brokers offering six watch list columns, users can track their selected investments efficiently. While both have similar features like demo accounts and copy trading, eToro leads in overall user satisfaction with a 4.5-star rating for Trading Platforms and Tools, ranking 8th out of 62 brokers on ForexBrokers.com. BlackBull Markets follows closely, earning a respectable 4-star rating and the 29th position in the same category.
| 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.
Both eToro and BlackBull Markets offer mobile trading apps for iPhone and Android devices, providing users the flexibility to trade on the go. These apps come equipped with useful features like stock or forex price alerts, real-time watchlists, and watchlist symbol syncing, ensuring that any changes made on the app or desktop reflect seamlessly across devices. However, eToro provides an extensive range of 104 technical studies for chart analysis within its mobile app, significantly more than BlackBull Markets' offering of 30. This might interest traders who rely heavily on technical analysis strategies.
When it comes to charting capabilities, eToro and BlackBull Markets both support viewing multiple time frames, but BlackBull Markets stands out by allowing users to draw trendlines, which is not possible on the eToro app. Moreover, BlackBull Markets enhances user experience further by auto-saving chart drawings, a feature absent in the eToro app. In terms of user ratings, eToro scores 4.5 stars compared to BlackBull Markets' 4 stars, with ForexBrokers.com ranking eToro at #10 in mobile trading apps, while BlackBull Markets is placed at #31 among 62 brokers. These distinctions can be helpful for users deciding which platform better suits their mobile trading needs.
| 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.
When comparing the market research offerings of eToro and BlackBull Markets, each online broker brings unique features to the table. Both platforms provide daily market commentary and display an economic calendar to keep users informed about global financial events. However, eToro stands out with its access to Trading Central’s technical analytics alongside a sentiment-based trading tool that indicates the positioning of traders across various instruments. Additionally, eToro leverages insights from TipRanks for further market analysis, offering a comprehensive package for traders interested in sentiment and insider activity.
While BlackBull Markets shares the sentiment-based trading tool feature with eToro, it differentiates itself by providing access to Autochartist, a leading provider of technical analysis tools. While neither broker offers forex news from top-tier sources like Bloomberg or Reuters, both support their clients with essential research resources. With a 4.5-star rating for research from ForexBrokers.com, eToro ranks higher at #13, compared to BlackBull Markets' 4-star rating and #18 rank, reflecting a slightly superior research offering that may appeal to a diverse range of traders seeking varied analytical tools.
| 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 educational resources for beginners in the trading world, both eToro and BlackBull Markets offer comprehensive materials to help newcomers gain a foothold. eToro provides an extensive collection of at least 10 educational pieces centered on forex or CFDs, including articles, videos, and archived webinars. BlackBull Markets matches this offering, ensuring that beginners have access to foundational trading knowledge. Both platforms also conduct monthly educational webinars and maintain searchable archives of these sessions. For those starting their trading journey, beginner-specific trading videos are plentiful, with each broker offering at least 10 such videos designed to build basic trading skills.
For traders seeking to deepen their understanding, eToro and BlackBull Markets also present advanced educational videos on complex trading topics, supporting more experienced learners. Both platforms also feature investor dictionaries, providing definitions for over 50 investing terms to clarify trading jargon. Despite the similarities in their educational offerings, a detailed comparison reveals eToro edges ahead with a higher rating of 4.5 stars in education, placing it at #5 out of 62 brokers in ForexBrokers.com's ranking. In contrast, BlackBull Markets holds a 4-star rating, ranking #29. As a result, beginners might find eToro to have a slightly more esteemed educational framework.
| 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 62 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 | 93 | 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 | 93 | 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 | 93 | 78 | |
| Year Founded | 2007 | 2014 | |
| Publicly Traded (Listed) | No | 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 | 93 | 78 | |
| Winner | check_circle | ||
| Review | eToro Review | BlackBull Markets Review |
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