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 offers traders a competitive fee structure when compared to other brokers, especially when considering its varying account types. For instance, the Prime account at BlackBull Markets features an average spread on the EUR/USD of 0.16, which translates to a total cost of 0.76 once the per-side commission of 0.3 pips (or $6 per 10,000 traded) is included. This structure makes the Prime account an attractive option compared to the Standard account, which has no commissions and requires no minimum deposit but comes with higher spreads. The Prime account, with lower spreads, requires a $2,000 minimum deposit and incurs a $6 round-turn commission per lot. For more active traders with substantial trading volumes, the ECN Institutional account is available, necessitating a minimum deposit of $20,000 and a lower commission of $4 per round turn.
In contrast, Fineco doesn't disclose average spread data for forex and CFD trading, which poses a challenge for determining precise trading costs. However, the spreads that Fineco lists might suggest higher costs as the EUR/USD spread is advertised at 1 pip and occasionally at 0.8 pips, yet these figures do not come with a defined time range and are not stated as average values. Despite this, Fineco does seem to offer competitive spreads on its index CFDs, adding some value for traders specializing in this area.
When it comes to the overall star ratings and rankings, BlackBull Markets receives high praise with a rating of 4.5 stars and holds the #18 position out of 63 brokers in the Commissions and Fees category according to ForexBrokers.com. Fineco, on the other hand, earns a respectable rating of 3.5 stars and is ranked at #51 out of 63. This highlights BlackBull's relative edge in commission and fee efficiency when compared to Fineco, making it a compelling choice for cost-conscious traders.
| 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.
BlackBull Markets and Fineco both provide a variety of investment opportunities, though they differ in their breadth. BlackBull Markets stands out with an impressive 26,000 tradeable symbols, surpassing Fineco's offering of 9,770. When it comes to forex trading, BlackBull Markets offers 72 tradeable forex pairs, while Fineco offers 54. Both brokers allow investors to trade exchange traded securities on both U.S. and international exchanges, enabling clients to invest in well-known companies like Apple and Vodafone. An added feature of BlackBull Markets is its copy trading option, which Fineco does not offer. Moreover, BlackBull Markets supports trading cryptocurrency derivatives, whereas Fineco does not have this feature. Neither broker offers the ability to buy actual crypto assets, focusing instead on derivatives in this area.
When considering overall investment options, BlackBull Markets appears to excel slightly more than Fineco. It is highly rated by ForexBrokers.com, receiving a 5-star rating for its range of investments, with Fineco slightly behind at 4.5 stars. Additionally, BlackBull Markets is ranked #6 while Fineco is positioned at #16 out of 63 brokers evaluated by ForexBrokers.com. These rankings reflect BlackBull Markets' expansive choice, making it a strong contender for those seeking extensive trading possibilities.
| 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.
When comparing BlackBull Markets and Fineco, both offer solid trading platforms and tools, but they cater to different trader preferences. BlackBull Markets provides a range of popular platforms, including MetaTrader 4 and MetaTrader 5, and supports copy trading features like ZuluTrade. It also offers a virtual demo account for those new to trading or seeking to refine strategies without financial risk. BlackBull Markets facilitates trading directly from stock charts and offers an extensive collection of 60 drawing tools, allowing for detailed analysis. Fineco, meanwhile, boasts its own proprietary platform, offering a more tailored experience and a sturdy Windows-based desktop download, but lacks support for MetaTrader and copy trading functions.
Both brokers offer web-based trading platforms, catering to users who prefer not to download additional software. While BlackBull Markets provides more extensive options for charting and analysis, with direct trading from charts and 60 drawing tools, Fineco remains competitive with a proprietary platform that offers a focused trading experience. Their approaches balance each other out, leading both to receive a four-star rating for trading platforms and tools. In rankings by ForexBrokers.com, Fineco edges ahead at #18, compared to BlackBull Markets at #29, showing a slight preference for Fineco's proprietary flair in the trading community.
| 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.
When comparing the mobile trading apps of BlackBull Markets and Fineco, both brokers provide a solid platform for trading on the go, compatible with iPhone and Android devices. Each offers features like stock and forex price alerts and the ability to view charts in multiple time frames. However, BlackBull Markets stands out with more technical studies for charting, boasting 30 compared to Fineco's 6. Additionally, it supports trendline drawing on charts and automatically saves these drawings, a feature Fineco lacks.
A key advantage of BlackBull Markets is its ability to sync watchlists between the mobile app and the client's online account, offering seamless cross-platform tracking. This convenience is not available with Fineco. BlackBull Markets also allows users to create watchlists with real-time quotes, further enhancing a trader's ability to stay updated on market movements. Despite both apps receiving a 4-star rating, BlackBull Markets secures a higher ranking in the ForexBrokers.com assessment, positioned at #31 out of 63, while Fineco sits at #42, reflecting its broader feature set and usability in mobile trading.
| 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.
BlackBull Markets and Fineco are both strong contenders for online trading, but they differ significantly in their approach to market research. BlackBull Markets stands out for offering daily market commentary and a sentiment-based trading tool, which provides insights into trader positions on currency pairs. Additionally, they provide technical analysis tools from Autochartist. However, they lack top-tier forex news sources like Bloomberg or Reuters. Despite this, their economic calendar is comprehensive, making them well-ranked at 18th out of 63 brokers in the research category.
On the other hand, Fineco shines by offering forex news from celebrated sources like Bloomberg and Reuters, which can be invaluable for traders seeking the latest market updates. Although they do not provide tools from Autochartist or Trading Central, they also offer a detailed economic calendar. Despite these strengths, Fineco does not include a sentiment-based trading tool, which may limit some traders. Nevertheless, Fineco still maintains a solid position in market research, holding the 33rd ranking out of 63 brokers. Both brokers are rated 4 stars for their research capabilities, showcasing a reliable yet varied approach to supporting traders.
| 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 | 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, 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
|
|---|---|---|
| Overall Rating |
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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) | 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 | Fineco | |
|---|---|---|---|
| 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 | 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 | 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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