Written by ForexBrokers.com
In this head to head comparison of BlackBull Markets vs Fineco, 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.
BlackBull Markets, established in 2014, offers a reliable brokerage service with a focus on online trading. Although it isn't a bank or publicly traded, BlackBull Markets holds one Tier-1 license, reflecting its effort to maintain a trusted status in the industry. With a ForexBrokers.com Trust Score of 78, BlackBull Markets is viewed as having an average risk level, making it a considerable option for traders seeking a smaller, privately held broker founded in the last decade.
Fineco, founded in 1999, stands out as a highly trusted entity in the online brokerage field, and this is further emphasized by its operation as a bank. With public trading status and ownership of two Tier-1 licenses, Fineco solidifies its reputation as a reliable choice for clients. The ForexBrokers.com Trust Score of 94 reinforces its high trust factor, positioning Fineco as a superior option for those prioritizing an established and publicly acknowledged brokerage service.
| Feature |
BlackBull Markets
|
Fineco
|
|---|---|---|
| Year Founded | 2014 | 1999 |
| Publicly Traded (Listed) | No | Yes |
| Bank | No | Yes |
| Tier-1 Licenses | 1 | 2 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
BlackBull Markets’ commissions and fees are about average overall, and depend on the account you choose. The Standard account is commission-free with no minimum deposit but has wider spreads. The Prime account requires a $2,000 minimum deposit and charges a commission of $3 per side ($6 round turn) per lot in exchange for tighter pricing; in March 2024 its average EUR/USD spread was 0.16 pips, for an all-in cost around 0.76 pips after commission. The ECN Institutional account targets high-volume traders with a $20,000 minimum and $2 per side ($4 round turn) commissions. For commissions and fees, BlackBull Markets is rated 4.5/5 stars and ranks #19 out of 63 brokers.
Fineco does not publish average spread data for forex and CFD trading, which makes it hard to gauge typical costs. It lists EUR/USD spreads of 1.0 pip and 0.8 pips, but neither figure is presented as an average or tied to a date range; by comparison, 1.0 pip would generally be higher than what many leading forex brokers quote on average. Fineco does appear to offer lower spreads on some index CFDs. For commissions and fees, Fineco is rated 3.5/5 stars and ranks #52 out of 63 brokers.
Bottom line: if you want clearer, potentially lower all-in EUR/USD pricing, BlackBull’s Prime account stands out—though it comes with a higher minimum deposit. Fineco’s pricing is simpler to grasp at a glance (spread-only) but less transparent without average data, and its listed EUR/USD spreads look comparatively higher.
| Feature |
BlackBull Markets
|
Fineco
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | 0.71 | N/A |
| All-in Cost EUR/USD - Active | 0.71 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| Visa/Mastercard (Credit/Debit) | Yes | No |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Comparing the range of investments at BlackBull Markets vs Fineco, BlackBull offers the wider selection. You’ll find about 26,000 tradeable symbols at BlackBull versus roughly 9,770 at Fineco, along with 72 forex pairs compared to Fineco’s 54. Both brokers support forex trading as CFDs or spot, and both let you buy exchange-traded stocks on U.S. and international exchanges, so you can invest in names like Apple and Vodafone directly (not as CFDs).
Feature-wise, BlackBull supports copy trading while Fineco does not. Neither broker lets you buy actual cryptocurrency, but BlackBull offers crypto derivatives and Fineco does not. Reflecting this breadth, BlackBull earns 5 out of 5 stars for Range of Investments and is ranked #6 out of 63 brokers by ForexBrokers.com, whereas Fineco scores 4.5 stars and ranks #17.
| Feature |
BlackBull Markets
|
Fineco
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 26000 | 9770 |
| Forex Pairs (Total) | 72 | 54 |
| U.S. Stock Trading (Non CFD) | Yes | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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.
BlackBull Markets vs Fineco for trading platforms and tools: BlackBull offers a free demo (paper) account, while Fineco does not. BlackBull relies on third-party platforms, with MetaTrader 4 and MetaTrader 5 plus ZuluTrade for copy trading; Fineco does not offer MT4/MT5 or copy trading, but it does provide its own proprietary platform. Both brokers have Windows desktop software and web-based trading, and neither supports DupliTrade. In ForexBrokers.com’s Trading Platforms and Tools category, both earn 4 stars; Fineco ranks 18th of 63 brokers, while BlackBull ranks 31st.
Charting and usability also differ. BlackBull lists 60 drawing tools and lets you trade directly from the chart; Fineco lists 7 drawing tools and does not support trading from charts. The number of built-in technical indicators is not specified for either broker. Watchlists at BlackBull include six columns/fields, while Fineco’s watchlist fields are not specified. In short, choose BlackBull if you want a demo account, MetaTrader, and copy trading; pick Fineco if you prefer a proprietary platform with both web and desktop access.
| Feature |
BlackBull Markets
|
Fineco
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 109 | 37 |
| Charting - Drawing Tools (Total) | 60 | 7 |
| Charting - Trade From Chart | Yes | No |
| Watchlists - Total Fields | 6 | N/A |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
BlackBull Markets and Fineco both offer iPhone and Android apps with price alerts, making it easy to track markets on the go. Each earns a 4-star rating for mobile trading apps. However, their standings differ: among 63 brokers reviewed by ForexBrokers.com, BlackBull Markets ranks #33 while Fineco ranks #43.
For features, BlackBull Markets pulls ahead. Its mobile app syncs watchlists with your online account, supports real-time quote watchlists, and autosaves chart drawings—Fineco does not. Charting is also deeper on BlackBull Markets, with 30 technical studies and the ability to draw trendlines, compared to Fineco’s 6 studies and no trendline tools. Both apps let you switch between multiple time frames. If you want fuller charting and seamless watchlist syncing, BlackBull Markets is the better fit; if you prefer a simpler setup, Fineco may suffice.
| Feature |
BlackBull Markets
|
Fineco
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 6 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
Comparing market research between BlackBull Markets and Fineco shows clear differences. BlackBull provides daily market commentary, while Fineco does not. If you want curated forex news from top-tier sources such as Bloomberg, Reuters, or Dow Jones, Fineco has it and BlackBull does not. Both brokers include an economic calendar to track upcoming events. Each earns 4 out of 5 stars for research, but BlackBull ranks higher overall (#18 of 63) than Fineco (#34 of 63) according to ForexBrokers.com.
For trading tools, BlackBull offers Autochartist for technical analysis and includes a sentiment tool that shows the ratio of long and short positions; Fineco does not provide these. Neither broker offers Trading Central tools. In short, pick BlackBull if you value daily commentary, Autochartist, and sentiment data, and choose Fineco if premium, integrated news coverage is your priority.
| Feature |
BlackBull Markets
|
Fineco
|
|---|---|---|
| Daily Market Commentary | Yes | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, BlackBull Markets and Fineco both offer various tools, but there are key differences. BlackBull Markets provides a comprehensive range of educational content with over 10 pieces dedicated to forex and CFDs. Additionally, they host monthly webinars and maintain a searchable archive of recorded sessions. BlackBull Markets also caters to both beginner and advanced traders with over 10 videos each, covering basic and complex trading topics. For those looking for an in-depth understanding of trading terminology, BlackBull Markets offers an investor dictionary featuring over 50 terms. Their commitment to education has earned them a respectable 4-star rating and the 29th rank out of 63 brokers in the Education category according to ForexBrokers.com.
Fineco also supports beginner traders by offering educational webinars monthly and providing over 10 beginner-focused videos. However, they fall short in specific areas compared to BlackBull Markets. Fineco does not offer a significant array of content specifically on forex or CFDs, nor do they have a searchable archive for their webinars. The broker also lacks advanced educational videos meant for experienced traders. Like BlackBull Markets, Fineco has an investor dictionary with over 50 terms. Despite these limitations, Fineco holds a 4-star rating and ranks 49th in the Education category among 63 brokers per ForexBrokers.com.
| Feature |
BlackBull Markets
|
Fineco
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| 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 BlackBull Markets is better than Fineco. BlackBull Markets finished with an overall rank of #24, while Fineco 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
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Fineco
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| Trust Score | 78 | 94 |
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In comparing online brokers BlackBull Markets and Fineco, it's notable that neither platform offers the ability to buy actual delivered cryptocurrency, while BlackBull Markets provides the option to trade in cryptocurrency derivatives, unlike Fineco.
When comparing online brokers BlackBull Markets and Fineco, BlackBull Markets supports fund transfers via Skrill, Visa/Mastercard, and bank wires but not ACH, SEPA, or PayPal, whereas Fineco allows fund transfers through ACH, SEPA, and bank wires but does not support Skrill, Visa/Mastercard, or PayPal.
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 | BlackBull Markets | Fineco | |
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| Trust Score | 78 | 94 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | Fineco Review |
| Broker Screenshots | BlackBull Markets | Fineco | |
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| Regulation | BlackBull Markets | Fineco | |
|---|---|---|---|
| Trust Score | 78 | 94 | |
| Year Founded | 2014 | 1999 | |
| Publicly Traded (Listed) | No | Yes | |
| Bank | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 2 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | BlackBull Markets | Fineco | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | Yes | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | No | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | BlackBull Markets | Fineco | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| 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) |
| Investments | BlackBull Markets | Fineco | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 26000 | 9770 | |
| Forex Pairs (Total) | 72 | 54 | |
| U.S. Stock Trading (Non CFD) | Yes | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 | Fineco | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.71 | N/A | |
| All-in Cost EUR/USD - Active | 0.71 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | No |
| Funding | BlackBull Markets | Fineco | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | No | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | BlackBull Markets | Fineco | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | BlackBull Markets | Fineco | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 6 | N/A | |
| Charting - Indicators / Studies (Total) | 109 | 37 | |
| Charting - Drawing Tools (Total) | 60 | 7 | |
| Charting - Trade From Chart | Yes | No | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | BlackBull Markets | Fineco | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 6 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | BlackBull Markets | Fineco | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | BlackBull Markets | Fineco | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | BlackBull Markets | Fineco | |
|---|---|---|---|
| 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 | BlackBull Markets Review | Fineco Review |
| Overall | BlackBull Markets | Fineco | |
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| Trust Score | 78 | 94 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | Fineco Review |
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