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BlackBull Markets vs FinecoBank 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of BlackBull Markets vs FinecoBank, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

BlackBull Markets
4.5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 78
  • Tradeable Symbols (Total): 26000
FinecoBank
4.5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 94
  • Tradeable Symbols (Total): 9770

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.

Regulation

BlackBull Markets, established in 2014, and FinecoBank, founded in 1999, serve different niches in the online trading world. BlackBull Markets is a private online broker and holds one Tier-1 license, reflecting a certain level of trust. However, with a Trust Score of 78, it falls into the average risk category according to ForexBrokers.com ratings. Despite being a reputable broker, BlackBull Markets is not publicly traded and does not operate as a bank.

Conversely, FinecoBank stands out as not only a publicly traded entity but also as a bank, providing additional assurance to investors. With two Tier-1 licenses, FinecoBank is considered highly reliable, as evidenced by its impressive Trust Score of 94. This places FinecoBank in the highly trusted range on the ForexBrokers.com scale. Both brokers offer unique advantages, though FinecoBank's bank status and higher Trust Score provide additional layers of trust for potential clients.

Feature BlackBull Markets logoBlackBull Markets
FinecoBank logoFinecoBank
Year Founded info 2014 1999
Publicly Traded (Listed) info No Yes
Bank info No Yes
Tier-1 Licenses info 1 2
Tier-2 Licenses info 0 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0

Fees

When comparing the commissions and fees of BlackBull Markets and FinecoBank, it’s clear that these two brokers offer distinct trading experiences. BlackBull Markets provides competitive pricing structures across its three account types. For instance, the Prime account features an average EUR/USD spread of 0.16 pips, with an all-inclusive cost of 0.76 pips when including the commission of $6 per 10,000 traded. This option stands out as a preferred choice due to its balanced cost structure despite needing a $2,000 minimum deposit. Meanwhile, the Standard account at BlackBull is commission-free but comes with higher spreads, and the ECN Institutional account caters to active traders with a minimum deposit of $20,000 and reduced commission rates.

On the other hand, FinecoBank’s commission and fee structure is somewhat opaque, as it does not disclose average spread data for forex and CFD trading. FinecoBank lists a EUR/USD spread of 1 pip and another of 0.8 pips, though these figures are not provided with a specific average context or time frame, potentially making them higher than industry norms. However, some spreads on its index CFDs may be more competitive.

In terms of star ratings and rankings by ForexBrokers.com, BlackBull Markets shines with a 4.5-star rating and ranks #18 out of 62 brokers in the Commissions and Fees category. In contrast, FinecoBank holds a 3.5-star rating and is placed significantly lower at #50, suggesting BlackBull Markets may offer a more cost-effective and transparent trading environment.

Feature BlackBull Markets logoBlackBull Markets
FinecoBank logoFinecoBank
Minimum Deposit info $0 $0
Average Spread EUR/USD - Standard info 0.71 info N/A info
All-in Cost EUR/USD - Active info 0.71 info N/A info
Active Trader or VIP Discounts info Yes No
ACH or SEPA Transfers info No Yes
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes No
Visa/Mastercard (Credit/Debit) info Yes No
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

BlackBull Markets stands out with an impressive array of 26,000 tradeable symbols, significantly more than FinecoBank's offering of 9,770. In the field of forex trading, BlackBull Markets provides access to 72 forex pairs, while FinecoBank presents 54 pairs for its users. Both brokers facilitate forex trading as CFDs or spot contracts and give investors the chance to buy exchange-traded securities on U.S. and international exchanges, allowing clients to buy shares like Apple and Vodafone. However, a notable difference is the copy trading feature, available with BlackBull Markets but absent at FinecoBank.

For those interested in cryptocurrency, BlackBull Markets offers the ability to trade cryptocurrency derivatives but not the actual cryptocurrency, a service FinecoBank does not provide. Rated five stars for its range of investments, BlackBull Markets is ranked sixth out of 62 brokers by ForexBrokers.com, showing its strength in this category. FinecoBank is not far behind with a 4.5-star rating, ranked 16th in the same category. This comparison highlights BlackBull Markets' wider selection and higher ratings, making it a favorable choice for those seeking diverse investment opportunities.

Feature BlackBull Markets logoBlackBull Markets
FinecoBank logoFinecoBank
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 26000 9770
Forex Pairs (Total) info 72 54
U.S. Stock Trading (Non CFD) info Yes Yes
Int'l Stock Trading (Non CFD) info Yes Yes
Social Trading / Copy Trading info Yes No
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes No
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.

Trading platforms and tools

When comparing BlackBull Markets and FinecoBank’s trading platforms, traders will find various unique offerings that cater to different needs. BlackBull Markets stands out by providing a demo account for beginners seeking to practice without risking real money. It supports both MetaTrader 4 and MetaTrader 5, which are well-known platforms in the trading community, but does not offer a proprietary platform. On the other hand, FinecoBank offers its own proprietary platform, tailored to its client base, but lacks support for simulation trading. Both brokers provide Windows-based and web-based trading opportunities, ensuring universal accessibility across devices.

For those interested in social trading, BlackBull Markets offers functionalities like copy trading and ZuluTrade, whereas FinecoBank does not. When it comes to charting, BlackBull Markets shines with 60 drawing tools, while FinecoBank offers only 7. Moreover, BlackBull Markets allows trading directly from stock charts, a feature FinecoBank doesn’t provide. Interestingly, both brokers receive a similar four-star rating for their trading platforms and tools, but FinecoBank ranks higher at #18 compared to BlackBull Markets at #29, according to ForexBrokers.com.

Feature BlackBull Markets logoBlackBull Markets
FinecoBank logoFinecoBank
Virtual Trading (Demo) info Yes No
Proprietary Platform info No Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes No
DupliTrade info No No
ZuluTrade info Yes No
Charting - Indicators / Studies (Total) info 109 37
Charting - Drawing Tools (Total) info 60 7
Charting - Trade From Chart info Yes No
Watchlists - Total Fields info 6 N/A
View More

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

When it comes to mobile trading apps, both BlackBull Markets and FinecoBank offer options for iPhone and Android users. Investors can expect to receive stock or forex price alerts from either platform. However, BlackBull Markets provides a more seamless and flexible experience with features such as watchlist symbol syncing, which allows for updates to be made across the mobile app and online accounts. In contrast, FinecoBank lacks this syncing, creating a less integrated trading experience.

For those who prioritize analytical tools, BlackBull Markets shines with 30 technical studies available on its mobile app charting—considerably more than FinecoBank’s six. BlackBull Markets also supports trendline drawing and auto-saving of chart annotations, whereas FinecoBank does not. Both platforms allow viewing of multiple timeframes on charts, but only BlackBull Markets offers real-time quotes in watchlists. Despite these differences, both apps are rated four stars for mobile trading. BlackBull Markets carries a higher ranking, placed at #31, compared to FinecoBank’s #42 in the ForexBrokers.com category for Mobile Trading Apps.

Feature BlackBull Markets logoBlackBull Markets
FinecoBank logoFinecoBank
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 30 6
Mobile Charting - Draw Trendlines info Yes No
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Watchlist info Yes No

Dive deeper: Best Forex Trading Apps.

Market research

When comparing BlackBull Markets and FinecoBank, both online brokers provide valuable resources for market research, but they each have unique strengths. BlackBull Markets offers daily market commentary and utilizes tools from Autochartist, allowing traders to gain insights through technical analysis. They also provide a sentiment-based trading tool that shows the ratio of long or short positions, which can be crucial for trading strategies. Additionally, BlackBull Markets features an economic calendar to keep traders up-to-date with global news events. Their strategy earns them a research rating of 4 stars and ranks them 18th out of 62 brokers in the Research category.

On the other hand, FinecoBank shines by offering forex news from reputed sources like Bloomberg and Reuters, ensuring that traders have access to high-quality information. Although they lack tools like Autochartist and sentiment-based trading aids, FinecoBank does provide an economic calendar similar to BlackBull Markets. FinecoBank is rated at 4.0 stars for research and holds the 33rd position in the Research category among 62 other brokers. Both platforms have their unique advantages, making them appealing based on individual trader needs and preferences.

Feature BlackBull Markets logoBlackBull Markets
FinecoBank logoFinecoBank
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info No Yes
Autochartist info Yes No
Trading Central (Recognia) info No No
Social Sentiment - Currency Pairs info Yes No
TipRanks info No No
Signal Centre (Acuity Trading) info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

When it comes to educational resources for beginners, BlackBull Markets stands out with a wide variety of offerings. BlackBull Markets provides over 10 pieces of educational content focused on forex and CFDs. These resources include articles, videos, and archived webinars, making it easier for beginners to get started. Additionally, they host online educational webinars monthly and maintain a searchable archive of past webinars. BlackBull Markets also offers over 10 beginner-friendly videos and an investor dictionary that covers more than 50 investing terms, which can be invaluable for newcomers. For those looking to deepen their expertise, BlackBull Markets offers advanced educational videos for experienced traders, adding more value for traders at different levels.

FinecoBank, on the other hand, does offer some educational resources but falls short as compared to BlackBull Markets in certain areas. While both brokers provide monthly webinars, FinecoBank does not have a searchable archive of recorded webinars. They match BlackBull Markets with more than 10 beginner videos and an extensive investor dictionary. However, FinecoBank lacks a variety of advanced educational videos that cater to more experienced traders. Although both brokers receive a 4-star education rating and offer some valuable learning tools, BlackBull Markets ranks higher, placed at #29 compared to FinecoBank's #49 in ForexBrokers.com's education category ranking, demonstrating a stronger commitment to comprehensive educational support.

Feature BlackBull Markets logoBlackBull Markets
FinecoBank logoFinecoBank
Education (Forex or CFDs) info Yes No
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 62 of the best forex brokers, our research and account testing finds that BlackBull Markets is better than FinecoBank. BlackBull Markets finished with an overall rank of #24, while FinecoBank finished with an overall rank of #25.

BlackBull Markets is a plain-vanilla MetaTrader broker with a growing range of products and support for a handful of third-party social copy trading platforms.

Feature BlackBull Markets logoBlackBull Markets
FinecoBank logoFinecoBank
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Trust Score info 78 94
Range of Investments 5/5 Stars 4.5/5 Stars
Commissions & Fees 4.5/5 Stars 3.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Research 4/5 Stars 4.0/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with BlackBull Markets or FinecoBank?

When comparing online brokers BlackBull Markets and FinecoBank, it's notable that neither platform offers the ability to buy actual delivered cryptocurrency, but BlackBull Markets does provide the option to trade cryptocurrency derivatives, unlike FinecoBank.

What funding options does each broker offer?

BlackBull Markets provides deposit and withdrawal options via Skrill, Visa, Mastercard, and bank wires, but lacks ACH, SEPA, and PayPal, whereas FinecoBank supports ACH, SEPA, and bank wires, but does not offer PayPal, Skrill, Visa, or Mastercard for transactions.




announcementPlease 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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Compare

0 of 5
Overall Rating BlackBull Markets FinecoBank
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 4.5/5 Stars 3.5/5 Stars
Range of Investments 5/5 Stars 4.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 4.0/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 78 94
Winner check_circle
Review BlackBull Markets Review FinecoBank Review
Broker Screenshots BlackBull Markets FinecoBank
Trading Platforms Gallery (click to expand) info
Mobile Trading Gallery (click to expand) info
Research Gallery (click to expand) info
Education Gallery (click to expand) info
Regulation BlackBull Markets FinecoBank
Trust Score info 78 94
Year Founded info 2014 1999
Publicly Traded (Listed) info No Yes
Bank info No Yes
Regulated in one or more EU or EEA countries (MiFID). info No info Yes info
Tier-1 Licenses info 1 2
Tier-2 Licenses info 0 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0
Tier-1 Licenses (Highly Trusted) BlackBull Markets FinecoBank
Australia (ASIC Authorised) info No Yes
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info No No
United Kingdom (U.K.) (FCA Authorised) info No Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info Yes No
Regulated in one or more EU or EEA countries (MiFID). info No info Yes info
Tier-2 Licenses (Trusted) BlackBull Markets FinecoBank
Kenya (CMA Authorised) info No No
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA/Central Bank Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info No No
Investments BlackBull Markets FinecoBank
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 26000 9770
Forex Pairs (Total) info 72 54
U.S. Stock Trading (Non CFD) info Yes Yes
Int'l Stock Trading (Non CFD) info Yes Yes
Social Trading / Copy Trading info Yes No
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info Yes No
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 BlackBull Markets FinecoBank
Average Spread EUR/USD - Standard info 0.71 info N/A info
All-in Cost EUR/USD - Active info 0.71 info N/A info
Active Trader or VIP Discounts info Yes No
Inactivity Fee info No No
Execution: Agency Broker info No No
Execution: Market Maker info Yes No
Funding BlackBull Markets FinecoBank
Minimum Deposit info $0 $0
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes No
Visa/Mastercard (Credit/Debit) info Yes No
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info No Yes
Trading Platforms BlackBull Markets FinecoBank
Proprietary Platform info No Yes
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes No
cTrader info Yes No
DupliTrade info No No
ZuluTrade info Yes No
Trading Tools BlackBull Markets FinecoBank
Virtual Trading (Demo) info Yes No
Alerts - Basic Fields info Yes No
Watchlists - Total Fields info 6 N/A
Charting - Indicators / Studies (Total) info 109 37
Charting - Drawing Tools (Total) info 60 7
Charting - Trade From Chart info Yes No
Charts can be saved info Yes Yes
Mobile Trading BlackBull Markets FinecoBank
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes No
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 30 6
Mobile Charting - Draw Trendlines info Yes No
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Economic Calendar info Yes Yes
Research BlackBull Markets FinecoBank
Daily Market Commentary info Yes No
Forex News (Top-Tier Sources) info No Yes
Autochartist info Yes No
Trading Central (Recognia) info No No
TipRanks info No No
Social Sentiment - Currency Pairs info Yes No
Economic Calendar info Yes Yes
Education BlackBull Markets FinecoBank
Education (Forex or CFDs) info Yes No
Client Webinars info Yes Yes
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs BlackBull Markets FinecoBank
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review BlackBull Markets Review FinecoBank Review
Overall BlackBull Markets FinecoBank
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 4.5/5 Stars 3.5/5 Stars
Range of Investments 5/5 Stars 4.5/5 Stars
Platform & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 4.0/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 78 94
Winner check_circle
Review BlackBull Markets Review FinecoBank Review
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