Written by ForexBrokers.com
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.
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, 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
|
FinecoBank
|
|---|---|---|
| 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 |
When it comes to commissions and fees, BlackBull Markets offers a structured range of account options that cater to different trading needs. The Prime account stands out with a competitive average spread of 0.16 pips on the EUR/USD, after adding a commission of 0.3 pips per side, translating to an all-in cost of 0.76 pips. While the Prime account requires a $2,000 minimum deposit, it provides lower spreads compared to the Standard account, which is commission-free but involves higher spreads. For those with larger investments, the ECN Institutional account offers even lower commissions for deposits of at least $20,000. BlackBull Markets earns a commendable 4.5-star rating and is ranked #18 out of 63 brokers for its commissions and fees.
In contrast, FinecoBank's transparency in publishing its trading costs is less clear, which poses a challenge in assessing its overall value. The broker lists an unspecific spread of 1 pip for EUR/USD, with another mention of 0.8 pips, yet fails to provide these as average figures or within a dated context. Despite these uncertainties, FinecoBank hints at offering more competitive spreads on its index CFDs. However, with less clarity and potentially higher spreads for currency pairs, FinecoBank receives a lower rating of 3.5 stars for commissions and fees.
Overall, comparing both brokers highlights BlackBull Markets as a more preferable choice for cost-conscious traders due to its transparent pricing structure and better value in spreads, secures a higher ranking in the industry. FinecoBank, while possibly offering appealing conditions for CFD index trading, lacks transparency in its forex trading fees and ranks at #51, making BlackBull Markets the more reliable option for those prioritizing clear and cost-effective trading terms.
| Feature |
BlackBull Markets
|
FinecoBank
|
|---|---|---|
| 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.
When comparing BlackBull Markets and FinecoBank, both brokers provide a solid array of investment opportunities, but there are notable differences to consider. BlackBull Markets shines with an extensive range of 26,000 tradeable symbols, offering a wide variety of investment choices, including 72 forex pairs available as both CFDs and spot contracts. In contrast, FinecoBank provides 9,770 tradeable symbols with 54 forex pairs, also available as CFDs and spot contracts. Both brokers facilitate the buying of exchange-traded securities on major U.S. and international exchanges, enabling access to popular stocks such as Apple and Vodafone.
BlackBull Markets holds an edge with its copy trading feature, a tool FinecoBank does not currently offer. Additionally, BlackBull Markets offers cryptocurrency derivatives, whereas FinecoBank lacks this option. In terms of industry recognition, BlackBull Markets received a five-star rating and ranks #6 out of 63 brokers for its range of investments, while FinecoBank earned a slightly lower 4.5-star rating, positioned at #16 in the same category. These distinctions make BlackBull Markets a strong contender for investors seeking a broader selection of trading opportunities.
| Feature |
BlackBull Markets
|
FinecoBank
|
|---|---|---|
| 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.
When comparing the trading platforms and tools offered by BlackBull Markets and FinecoBank, several differences and similarities emerge. BlackBull Markets provides a free virtual demo account for paper trading, which is not available with FinecoBank. Both brokers offer Windows-based desktop and web-based trading platforms, but FinecoBank stands out with its proprietary platform developed in-house. On the other hand, BlackBull Markets supports both MetaTrader 4 and MetaTrader 5, unlike FinecoBank. Furthermore, BlackBull Markets offers copy trading and supports ZuluTrade, while these features are absent from FinecoBank's offerings. BlackBull Markets also allows trading directly from stock charts, a feature not available with FinecoBank.
Looking at charting tools, BlackBull Markets provides 60 drawing tools, considerably more than FinecoBank's seven. BlackBull also includes six columns for watchlists compared to FinecoBank, which does not specify this feature. Both brokers receive a four-star rating for their trading platforms and tools, although FinecoBank ranks higher at #18 compared to BlackBull Markets at #29 according to ForexBrokers.com. This suggests while both brokers deliver quality platforms, FinecoBank pulls ahead slightly in overall category ranking. However, traders seeking specific tools like MetaTrader or advanced charting might find BlackBull Markets more appealing.
| Feature |
BlackBull Markets
|
FinecoBank
|
|---|---|---|
| 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.
Both BlackBull Markets and FinecoBank offer convenient iPhone and Android apps, catering to traders who prefer to manage their portfolios on the go. Users are able to receive stock and forex price alerts on both apps, a feature many investors find crucial. While both apps receive a respectable four-star rating for mobile trading, there are some distinctions to consider when choosing between them. BlackBull Markets allows users to synchronize watchlists with their online accounts, ensuring seamless updates across devices—a functionality FinecoBank lacks.
For traders interested in technical charting capabilities, BlackBull Markets offers a wider array of tools, including 30 technical studies and the option to draw trendlines, which should appeal to those who rely on detailed chart analysis. These charting features are auto-saved for added convenience. In contrast, FinecoBank provides only six technical studies and does not support drawing trendlines, nor do its apps auto-save chart drawings. Additionally, FinecoBank's app does not allow users to create watchlists with real-time quotes, which might be a deal-breaker for some investors. Despite these differences, both apps share the ability to view multiple timeframes on charts. In rankings by ForexBrokers.com, BlackBull Markets is placed higher at #31 compared to FinecoBank's #42, reflecting a more favorable view of BlackBull Markets' mobile trading offerings.
| Feature |
BlackBull Markets
|
FinecoBank
|
|---|---|---|
| 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.
When it comes to market research, BlackBull Markets and FinecoBank each offer unique strengths tailored to different trader needs. BlackBull Markets distinguishes itself with daily market commentary and a suite of tools, such as Autochartist for technical analysis, coupled with a sentiment-based trading tool that provides insight into market positions. It also includes an economic calendar to keep traders informed about key global events. In contrast, FinecoBank shines with access to top-tier forex news from global leaders like Bloomberg and Reuters, alongside an economic calendar, providing traders with valuable information from top sources.
Despite both having a four-star research rating, BlackBull Markets ranks 18th out of 63 brokers, whereas FinecoBank is positioned at 33rd, according to ForexBrokers.com. This suggests that while both deliver strong research capabilities, BlackBull Markets' diverse toolset and commentary options might appeal more to traders who favor technical insights and sentiment analysis, whereas FinecoBank is ideal for those looking for premium news sources to guide their trades.
| Feature |
BlackBull Markets
|
FinecoBank
|
|---|---|---|
| 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 | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When assessing the educational resources offered by BlackBull Markets and FinecoBank, it's clear both platforms provide valuable tools for traders, especially beginners. BlackBull Markets excels in delivering a rich array of educational content specifically for forex and CFDs, offering more than 10 pieces of educational materials on these subjects. Meanwhile, FinecoBank doesn’t meet this threshold for forex and CFDs education. Both platforms host regular online webinars, ensuring that traders have access to ongoing learning opportunities. However, only BlackBull Markets offers a searchable archive of recorded webinars, providing an added layer of convenience for those who wish to learn at their own pace.
In terms of video resources, both brokers provide at least 10 videos tailored for beginners, which is a great starting point for those new to trading. Yet, for advanced traders looking for more in-depth content, BlackBull Markets pulls ahead with a greater offering of advanced educational videos, which FinecoBank does not match. Additionally, both brokers provide investor dictionaries to help users familiarize themselves with key investing terms. Despite both platforms receiving a commendable four-star rating for education, BlackBull Markets stands out with a higher rank for educational offerings, placing 29th compared to FinecoBank's 49th spot by ForexBrokers.com. This ranking suggests a broader and more comprehensive educational experience for users of BlackBull Markets.
| Feature |
BlackBull Markets
|
FinecoBank
|
|---|---|---|
| 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 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
|
FinecoBank
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 78 | 94 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
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.
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.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | BlackBull Markets | FinecoBank | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 78 | 94 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | FinecoBank Review |
| Broker Screenshots | BlackBull Markets | FinecoBank | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
|
| |
| Mobile Trading Gallery (click to expand) |
|
| |
| Research Gallery (click to expand) |
|
| |
| Education Gallery (click to expand) |
|
|
| Regulation | BlackBull Markets | FinecoBank | |
|---|---|---|---|
| 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 | FinecoBank | |
|---|---|---|---|
| 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) | No | No | |
| 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 | FinecoBank | |
|---|---|---|---|
| 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 | BlackBull Markets | FinecoBank | |
|---|---|---|---|
| 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 | FinecoBank | |
|---|---|---|---|
| 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 | FinecoBank | |
|---|---|---|---|
| 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 | FinecoBank | |
|---|---|---|---|
| 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 | FinecoBank | |
|---|---|---|---|
| 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 | FinecoBank | |
|---|---|---|---|
| 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 | FinecoBank | |
|---|---|---|---|
| Daily Market Commentary | Yes | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | BlackBull Markets | FinecoBank | |
|---|---|---|---|
| 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 | FinecoBank | |
|---|---|---|---|
| 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 | FinecoBank Review |
| Overall | BlackBull Markets | FinecoBank | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 78 | 94 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | FinecoBank Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill