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 and is publicly traded, while BlackBull Markets began in 2014 and is not publicly traded. Neither broker is a bank. Based on ForexBrokers.com’s Trust Score (where 90–99 is highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, and under 59 not trusted), eToro scores 97, placing it in the highly trusted range. BlackBull Markets scores 77, which falls into the average risk category.
In terms of regulation, eToro holds 4 Tier-1 licenses (considered highly trusted) and 1 Tier-2 license (trusted). BlackBull Markets holds 1 Tier-1 license and no Tier-2 licenses. For investors who weigh regulation and third-party trust ratings heavily, these details can help differentiate eToro from BlackBull Markets.
| 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 |
When you compare commissions and fees, BlackBull Markets generally comes out cheaper than eToro. eToro (4/5 stars; ranked #22 of 63 for Commissions and Fees by ForexBrokers.com) is a market-maker with a typical variable spread of 1.0 pip on EUR/USD, which is a bit higher than the industry average. Many traders choose eToro for its social copy trading rather than its spreads. BlackBull Markets (4.5/5 stars; ranked #9 of 63) offers pricing that can be more competitive, especially on its Prime account.
eToro’s pricing is mainly spread-based. Its typical EUR/USD spread sits at 1.0 pip, and while that’s easy to understand, it’s not the lowest around. For larger balances, the eToro Club VIP program spans five tiers (Silver to Diamond) for $5,000–$250,000 in equity, with perks that can include Trading Central access, discounted withdrawal and deposit fees, and a dedicated account manager.
BlackBull Markets’ costs depend on the account you choose. The commission-free Standard account has no minimum deposit but shows higher spreads. The Prime account requires a $2,000 minimum; in March 2024, the average EUR/USD spread was 0.16 pips, with an all-in cost of 0.76 pips after a per-side commission of 0.3 pips (or $6 per 10,000 traded), making it the stronger value versus Standard. For high-volume traders, the ECN Institutional account needs at least $20,000 and charges $2 per side ($4 round turn) in commissions.
| Feature |
eToro
|
BlackBull Markets
|
|---|---|---|
| Minimum Deposit | $50-$10,000 | $0 |
| Average spread (EUR/USD) - Standard account | N/A | 1.16 |
| All-in Cost EUR/USD - Active | N/A | 0.76 |
| 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.
Comparing the range of investments, BlackBull Markets offers a wider overall selection with about 26,000 tradeable symbols, versus 7,441 at eToro. For currency traders, BlackBull lists 72 forex pairs while eToro has 55. Both brokers support forex trading via CFDs or spot contracts. Each also lets you buy exchange-traded securities (not CFDs) on both U.S. and international exchanges, so you can purchase shares like Apple on NASDAQ or Vodafone in London directly.
Both platforms include copy trading, but they differ on crypto access: eToro lets you buy actual cryptocurrencies and trade crypto via CFDs, while BlackBull Markets offers crypto only as CFDs. In third-party evaluations of investment range, both earn 5 out of 5 stars; among 63 brokers covered by ForexBrokers.com, BlackBull ranks #7 and eToro ranks #11.
| 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 trading platforms and tools that include free paper trading via a virtual demo account, web-based platforms, copy trading, and the ability to place orders directly from charts. eToro uses its own in-house platform and does not offer a Windows desktop download or MetaTrader 4 (MT4) or MetaTrader 5 (MT5). BlackBull Markets does not have a proprietary platform, but it supports both MT4 and MT5 and offers a Windows desktop platform alongside its web platform. According to ForexBrokers.com, eToro earns 4.5 stars and ranks #8 out of 63 brokers for Trading Platforms and Tools, while BlackBull Markets earns 4 stars and ranks #25.
Choose eToro if you want a simple, social-first web experience with copy trading built in. Pick BlackBull Markets if you prefer the MetaTrader setup, need a Windows desktop app, or want to customize with MT4/MT5 tools and add-ons. Both brokers let you practice with a demo account before you trade with real money.
| 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.
eToro and BlackBull Markets both deliver full-featured mobile trading apps for iPhone and Android, complete with price alerts and watchlist syncing between phone and web. For charting depth, eToro stands out with 104 technical studies compared with BlackBull Markets’ 30. That advantage is reflected in third-party reviews: eToro earns 4.5 stars and ranks #10 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, while BlackBull Markets holds 4 stars and ranks #27.
Both apps let you draw trendlines, but only BlackBull Markets automatically saves your chart drawings; eToro does not. If you want the widest range of indicators for technical analysis, eToro is the stronger pick. If you prefer your annotations to be saved without extra steps, BlackBull Markets may suit you better. Either way, you’ll get reliable alerts and synced watchlists across devices.
| Feature |
eToro
|
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 | Yes | Yes |
| Mobile Charting - Trendlines Autosave | No | Yes |
Dive deeper: Best Forex Trading Apps.
Both eToro and BlackBull Markets deliver daily market commentary, trader sentiment tools that show long vs. short positioning, and a useful economic calendar. Each earns a 4.5/5 Research score from ForexBrokers.com; eToro is ranked #13 out of 63 brokers, while BlackBull Markets sits close behind at #16.
The key differences are in third‑party research. eToro provides forex news from top‑tier sources (such as Bloomberg, Reuters, or Dow Jones), plus Trading Central analytics and TipRanks insights. BlackBull Markets does not offer those, but it does include Autochartist for technical pattern scanning. Neither broker offers tools from Acuity Trading. Choose eToro if integrated news and expert research matter most; pick BlackBull Markets if you prefer Autochartist’s setup detection for chart analysis.
| 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 and BlackBull Markets on education for beginners, both brokers make it easy to get started. Each provides forex and CFD education with a wide range of lessons, plus online client webinars at least once a month. New traders will find plenty of step-by-step content, including 10+ beginner videos from both brokers, and there’s room to grow thanks to 10+ advanced videos that cover more complex strategies.
Both brokers earn 4.5 out of 5 stars for Education, but eToro ranks higher overall—#3 out of 63 brokers on ForexBrokers.com—while BlackBull Markets comes in at #24. If you want a top-ranked education hub with a clear path from beginner to advanced, eToro has the edge. If you’re looking for similar video depth and regular webinars, BlackBull Markets is a solid alternative.
| 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 #22.
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 | 97 | 77 |
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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 | 97 | 77 | |
| Winner | check_circle | ||
| Review | eToro Review | BlackBull Markets Review |
| Broker Screenshots | eToro | BlackBull Markets | |
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| Regulation | eToro | BlackBull Markets | |
|---|---|---|---|
| Trust Score | 97 | 77 | |
| 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 (FSA 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 CMA 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 | N/A | 1.16 | |
| All-in Cost EUR/USD - Active | N/A | 0.76 | |
| 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 | Yes | 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 | 97 | 77 | |
| Winner | check_circle | ||
| Review | eToro Review | BlackBull Markets Review |
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