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Fineco Bank vs BlackBull Markets 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

Is Fineco Bank better than BlackBull Markets? In our analysis of 23 international regulators across 39 of the best forex brokers, Fineco is considered low-risk, with an overall Trust Score of 92 out of 99. BlackBull Markets is considered average-risk, with an overall Trust Score of 74 out of 99. Learn more about Trust Score.

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Overall RatingFineco BankBlackBull MarketsIG
Overall Rating4 Stars4 Stars5 Stars
Commissions & Fees3.5 Stars4.5 Stars5 Stars
Offering of Investments4.5 Stars5 Stars5 Stars
Platform & Tools4 Stars4 Stars5 Stars
Mobile Trading4 Stars4 Stars5 Stars
Research4 Stars4 Stars5 Stars
Education3.5 Stars3.5 Stars5 Stars
Trust Score927499
Winnercheck_circle
ReviewFineco Bank ReviewBlackBull Markets ReviewIG Review
RegulationFineco BankBlackBull MarketsIG
Trust Score927499
Year Founded199920141974
Publicly Traded (Listed)YesNoYes
BankYesNoYes
Tier-1 Licenses117
Tier-2 Licenses002
Tier-3 Licenses001
Authorised in European UnionYesNoYes
About RegulationA โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.
Tier-1 Licenses (High Trust)Fineco BankBlackBull MarketsIG
ASIC Authorised (Australia)NoNoYes
IIROC Authorised (Canada)NoNoNo
SFC Authorised (Hong Kong)NoNoNo
CBI Authorised (Ireland)NoNoNo
FSA Authorised (Japan)NoNoYes
MAS Authorised (Singapore)NoNoYes
FINMA Authorised (Switzerland)NoNoYes
FCA Authorised (U.K.)YesNoYes
CFTC Registered (USA)NoNoYes
FMA Authorised (New Zealand)NoYesYes
Tier-2 Licenses (Average Trust)Fineco BankBlackBull MarketsIG
CBRC Authorised (China)NoNoNo
CySEC Authorised (Cyprus)NoNoNo
SEBI Authorised (India)NoNoNo
ISA Authorised (Israel)NoNoNo
CBR Authorised (Russia)NoNoNo
FSCA Authorised (South Africa)NoNoYes
SEC Authorised (Thailand)NoNoNo
DFSA / Central Bank Authorised (UAE)NoNoYes
Tier-3 Licenses (Low Trust)Fineco BankBlackBull MarketsIG
SCB Authorised (Bahamas)NoNoNo
IFSC Authorised (Belize)NoNoNo
CIMA Authorised (Cayman Islands)NoNoNo
BMA Authorised (Bermuda)NoNoYes
FSC Authorised (British Virgin Islands)NoNoNo
FSC Authorised (Mauritius)NoNoNo
VFSC Authorised (Vanuatu)NoNoNo
InvestmentsFineco BankBlackBull MarketsIG
Forex Trading (Spot or CFDs)YesYesYes
Tradeable Symbols (Total)1262600019537
Forex Pairs (Total)5472100
U.S. Stock Trading (Non CFD)YesYesYes
Int'l Stock Trading (Non CFD)YesYesYes
Social Trading / Copy TradingNoYesYes
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)NoYesYes
DisclaimersNote: 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).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).
CostFineco BankBlackBull MarketsIG
Average Spread EUR/USD - StandardN/A0.827 (August 2022)0.86 (September 2022)
All-in Cost EUR/USD - ActiveN/A0.827 (August 2022)0.5957 (September 2022)
Active Trader or VIP DiscountsNoYesYes
Execution: Agency BrokerNoNoYes
Execution: Market MakerNoYesYes
FundingFineco BankBlackBull MarketsIG
Minimum Initial Deposit$0$0ยฃ250.00
PayPal (Deposit/Withdraw)NoNoYes
Skrill (Deposit/Withdraw)NoYesNo
Visa/Mastercard (Credit/Debit)NoYesYes
Bank Wire (Deposit/Withdraw)YesYesYes
Trading PlatformsFineco BankBlackBull MarketsIG
Proprietary PlatformYesNoYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
Social Trading / Copy TradingNoYesYes
MetaTrader 4 (MT4)NoYesYes
MetaTrader 5 (MT5)NoYesNo
cTraderNoYesNo
DupliTradeNoNoNo
ZuluTradeNoYesNo
Trading ToolsFineco BankBlackBull MarketsIG
Virtual Trading (Demo)NoYesYes
Alerts - Basic FieldsNoYesYes
Watchlists - Total Fields714
Charting - Indicators / Studies (Total)903033
Charting - Drawing Tools (Total)N/A1520
Charting - Trade From ChartNoYesYes
Charts can be savedNoYesYes
Mobile TradingFineco BankBlackBull MarketsIG
Android AppYesYesYes
Apple iOS AppYesYesYes
Mobile Alerts - Basic FieldsNoYesYes
Mobile WatchlistNoYesYes
Watchlist SyncingNoNoYes
Mobile Charting - Indicators / StudiesN/A3033
Mobile Charting - Draw TrendlinesNoYesYes
Mobile Charting - Multiple Time FramesNoYesYes
Mobile Charting - Drawings AutosaveNoYesYes
Forex CalendarNoYesYes
ResearchFineco BankBlackBull MarketsIG
Daily Market CommentaryNoYesYes
Forex News (Top-Tier Sources)YesNoYes
AutochartistNoYesYes
Trading Central (Recognia)NoNoNo
Social Sentiment - Currency PairsNoNoYes
Economic CalendarNoYesYes
EducationFineco BankBlackBull MarketsIG
Has Education - Forex or CFDsYesNoYes
Client WebinarsYesNoYes
Client Webinars (Archived)YesYesYes
Videos - Beginner Trading VideosYesYesYes
Videos - Advanced Trading VideosYesNoYes
Investor Dictionary (Glossary)YesYesYes
Major Forex PairsFineco BankBlackBull MarketsIG
GBP/USDYesYesYes
USD/JPYYesYesYes
EUR/USDYesYesYes
USD/CHFYesYesYes
USD/CADYesYesYes
NZD/USDYesYesYes
AUD/USDYesYesYes
ReviewFineco Bank ReviewBlackBull Markets ReviewIG Review
OverallFineco BankBlackBull MarketsIG
Overall Rating4 Stars4 Stars5 Stars
Commissions & Fees3.5 Stars4.5 Stars5 Stars
Offering of Investments4.5 Stars5 Stars5 Stars
Platform & Tools4 Stars4 Stars5 Stars
Mobile Trading4 Stars4 Stars5 Stars
Research4 Stars4 Stars5 Stars
Education3.5 Stars3.5 Stars5 Stars
Trust Score927499
Winnercheck_circle
ReviewFineco Bank ReviewBlackBull Markets ReviewIG Review
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Fineco Bank vs BlackBull Markets Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare Fineco Bank vs BlackBull Markets.

Does Fineco Bank or BlackBull Markets offer lower pricing?

Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, IG offers better pricing overall for traders.

Is Fineco Bank or BlackBull Markets safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. Both Fineco Bank and BlackBull Markets hold 1 global Tier-1 licenses. Both Fineco Bank and BlackBull Markets hold 0 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, Fineco Bank earned a higher Trust Score than BlackBull Markets.

Which trading platform is better: Fineco Bank or BlackBull Markets?

To compare the trading platforms of both Fineco Bank and BlackBull Markets, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG to provide better mobile trading apps.

What about MetaTrader and copy trading?

For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. Neither broker offers Meta Trader.Copy trading is not offered by either broker.

How many forex pairs and CFDs are available to trade?

BlackBull Markets provides traders 72 currency pairs (e.g., EUR/USD) compared to Fineco Bank's 54 available pairs. Forex pairs aside, BlackBull Markets offers traders access to 26000 CFDs while Fineco Bank has 126 available CFDs, a difference of 25874.

Can I trust Fineco Bank?

Fineco is publicly traded and does operate a bank. Fineco is authorised by two tier-1 regulators (high trust), zero tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Fineco is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC) and the Financial Conduct Authority (FCA).

Can I trust BlackBull Markets?

BlackBull Markets is not publicly traded, does not operate a bank, and is authorised by one tier-1 regulators (high trust), zero tier-2 regulator (average trust), and zero tier-3 regulators (low trust). BlackBull Markets is authorised by the following tier-1 regulators: Financial Markets Authority (FMA).

Is Fineco Bank good?

FinecoBank is a trusted multi-asset broker offering forex and CFDs across its brands regulated in the U.K. and Italy. However, unless you visit a physical branch as a citizen of the EU โ€“ or you are a resident of Italy or the U.K. โ€“ you will not be permitted to open an online account with FinecoBank.

Is BlackBull Markets good?

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.

Overall winner: IG

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We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ 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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