Written by ForexBrokers.com
In this head to head comparison of FP Markets vs BlackBull Markets, 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.
FP Markets vs BlackBull Markets: FP Markets was founded in 2005, while BlackBull Markets started in 2014. Both are private companies and not banks. In terms of regulation, FP Markets holds two Tier-1 licenses (the highest category used by ForexBrokers.com) and one Tier-2 license. BlackBull Markets holds one Tier-1 license and no Tier-2 licenses.
On the ForexBrokers.com Trust Score scale—90–99 highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, below 59 not trusted—FP Markets scores 90 (highly trusted) and BlackBull Markets scores 77 (average risk). If regulatory strength and third-party trust ratings are your priority, FP Markets comes out ahead in this comparison.
| Feature |
FP Markets
|
BlackBull Markets
|
|---|---|---|
| Year Founded | 2005 | 2014 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
FP Markets and BlackBull Markets are both strong choices for traders who care about low costs, and each earns a 4.5-star rating for commissions and fees. FP Markets is ranked #11 out of 36 brokers by ForexBrokers.com in this category, while BlackBull Markets ranks slightly higher at #9 out of 36. In simple terms, both brokers offer pricing that can work well for active traders, but their best value depends on the account type you choose.
FP Markets is especially known for its low-cost Raw ECN pricing on MetaTrader and cTrader, with spreads on its raw account averaging 0.1 pips and an all-in cost of about 0.8 pips after commission. Its Standard account is more expensive, with wider spreads, and its cTrader raw account charges a flat $6 per round turn standard lot for forex. FP Markets also has Iress accounts in Australia, but these are better suited to larger balances or more active traders because some options come with platform and data fees. Overall, FP Markets is the better pick if you want highly competitive raw pricing and are comfortable using a commission-based account.
BlackBull Markets has average industry costs overall, with the best value usually coming from its Prime account. For EUR/USD, the Prime account showed an average spread of 0.16 pips, with an estimated all-in cost of 0.76 pips after commission. Its Standard account has no commission and no minimum deposit, but spreads are higher, while the Prime account requires a $2,000 minimum deposit and charges $3 per side. The ECN Institutional account is aimed at larger traders with at least $20,000 to deposit. In short, BlackBull Markets can be very competitive for traders who use its lower-cost accounts, but FP Markets is often the simpler low-fee option for commission-based trading.
| Feature |
FP Markets
|
BlackBull Markets
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average spread (EUR/USD) - Spread-only account | 1.3 | 1.16 |
| All-in Cost EUR/USD - Raw spread account | 0.9 | 0.76 |
| Non-wire bank transfer (Deposit/Withdraw) | No | Yes |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
FP Markets and BlackBull Markets both give traders access to forex as CFDs or spot contracts, plus copy trading and cryptocurrency CFDs. FP Markets offers 10,000 tradeable symbols and 71 forex pairs, while BlackBull Markets lists a larger selection with 26,000 tradeable symbols and 72 forex pairs. Neither broker lets clients buy actual cryptocurrency, so crypto trading is limited to CFDs with both providers.
Where BlackBull Markets stands out is in share investing: it offers exchange-traded securities on both U.S. and international exchanges, while FP Markets does not. That wider market access helps explain why BlackBull Markets scores 5 out of 5 for Range of Investments and ranks #7 out of 36 brokers at ForexBrokers.com, compared with FP Markets’ 4.5 out of 5 rating and #17 ranking. For traders who want a broader range of markets, BlackBull Markets has the edge.
| Feature |
FP Markets
|
BlackBull Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 26000 |
| Forex Pairs (Total) | 71 | 72 |
| U.S. Stocks (Shares) | No | Yes |
| Global Stocks (Non-U.S. Shares) | No | Yes |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | Yes | Yes |
| 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.
FP Markets and BlackBull Markets both give traders plenty of ways to get started, including free demo accounts for simulated trading, desktop software for Windows, web-based platforms, copy trading, and the popular MetaTrader 4 and MetaTrader 5 platforms. Each broker also lets you trade directly from charts, which can make order entry quicker and easier for active traders. In short, both firms cover the core tools most traders look for, whether they prefer trading from a browser, a download, or following other traders’ strategies.
The main difference is that FP Markets also offers its own in-house trading platform, while BlackBull Markets does not. That gives FP Markets an extra option for traders who want something beyond MetaTrader. Even so, both brokers are rated 4 out of 5 stars for Trading Platforms and Tools, though FP Markets places higher in ForexBrokers.com’s category ranking at #22 out of 36 brokers, compared with BlackBull Markets at #26. For traders focused on platform choice, FP Markets has the slight edge, while BlackBull Markets still offers a strong and familiar set of tools.
| Feature |
FP Markets
|
BlackBull Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 30 | 109 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FP Markets and BlackBull Markets both give traders mobile access through iPhone and Android apps, along with stock and forex price alerts. Each app also lets users draw trendlines on charts and automatically saves those drawings. Both brokers are rated 4 out of 5 stars for mobile trading apps, so they are fairly evenly matched on the basics of mobile trading.
The main differences come down to charting and watchlists. BlackBull Markets offers watchlist symbol syncing, so changes made in the mobile app or online account stay matched, while FP Markets does not. BlackBull also provides 30 technical studies in its mobile charting tools, compared with FP Markets, which uses the default MetaTrader setup. In ForexBrokers.com’s mobile trading apps ranking, FP Markets places higher at #20 out of 36 brokers, while BlackBull Markets ranks #29.
| Feature |
FP Markets
|
BlackBull Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
FP Markets and BlackBull Markets both give traders daily market commentary, an economic calendar, sentiment tools, and Autochartist research. Where FP Markets stands out is its access to forex news from top sources such as Bloomberg, Reuters, and Dow Jones, plus Trading Central tools like Technical Analytics. BlackBull Markets does not offer those same top-tier news or Trading Central features, which gives FP Markets an edge for traders who want more built-in market insight.
In terms of overall research quality, BlackBull Markets has the higher rating at 4.5 out of 5 stars, while FP Markets is rated 4 out of 5. That said, FP Markets is ranked #22 out of 36 brokers for research, compared with #17 for BlackBull Markets. So, both brokers cover the basics well, but BlackBull Markets scores slightly better overall, while FP Markets offers a wider mix of major news and analysis tools.
| Feature |
FP Markets
|
BlackBull Markets
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | Yes |
| Trading Central | Yes | No |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
FP Markets and BlackBull Markets both give beginners a strong starting point with forex and CFD education. Each broker offers well over 10 learning pieces focused on forex or CFDs, runs at least one educational webinar each month, and provides 10 or more beginner videos as well as 10 or more advanced videos. That means new traders can learn the basics, build confidence, and then move on to more detailed trading topics without leaving the broker’s platform.
When it comes to overall education quality, BlackBull Markets has the edge with a 4.5-star Education rating compared with FP Markets’ 4 stars. However, FP Markets places higher in ForexBrokers.com’s Education category, ranking #21 out of 36 brokers, while BlackBull Markets ranks #25. For beginners, both brokers are useful choices, but BlackBull Markets scores slightly better on rating, while FP Markets edges ahead in the ranking.
| Feature |
FP Markets
|
BlackBull Markets
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that FP Markets is better than BlackBull Markets. FP Markets finished with an overall rank of #19, while BlackBull Markets finished with an overall rank of #22.
FP Markets shines as a low-cost broker for trading forex and CFDs – as long as you use the MetaTrader platform. The Iress platform suite offers well over 10,000 tradeable symbols, but it’s mostly a share trading platform – and is generally a much pricier option.
| Feature |
FP Markets
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BlackBull Markets
|
|---|---|---|
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| Trust Score | 90 | 77 |
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FP Markets vs BlackBull Markets: neither broker lets you buy actual (delivered) cryptocurrency, but both provide cryptocurrency CFD trading.
FP Markets vs BlackBull Markets: FP Markets offers PayPal, Skrill and bank wire deposits/withdrawals but not ACH or SEPA (Visa/Mastercard availability not specified), whereas BlackBull Markets supports ACH/SEPA, Skrill and bank wires but not PayPal (Visa/Mastercard availability not specified).
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 | FP Markets | BlackBull Markets | |
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| Trust Score | 90 | 77 | |
| Winner | check_circle | ||
| Review | FP Markets Review | BlackBull Markets Review |
| Broker Screenshots | FP Markets | BlackBull Markets | |
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| Regulation | FP Markets | BlackBull Markets | |
|---|---|---|---|
| Trust Score | 90 | 77 | |
| Year Founded | 2005 | 2014 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 2 | 1 | |
| Tier-2 Licenses | 1 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 2 | 1 |
| Tier-1 Licenses (Highly Trusted) | FP Markets | BlackBull Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| United Kingdom (U.K.) (FCA Authorised) | No | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | FP Markets | BlackBull Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or CMA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | FP Markets | BlackBull Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 26000 | |
| Forex Pairs (Total) | 71 | 72 | |
| U.S. Stocks (Shares) | No | Yes | |
| Global Stocks (Non-U.S. Shares) | No | Yes | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | Yes | Yes | |
| 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 | FP Markets | BlackBull Markets | |
|---|---|---|---|
| Average spread (EUR/USD) - Spread-only account | 1.3 | 1.16 | |
| All-in Cost EUR/USD - Raw spread account | 0.9 | 0.76 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | FP Markets | BlackBull Markets | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer (Deposit/Withdraw) | No | Yes |
| Trading Platforms | FP Markets | BlackBull Markets | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | Yes |
| Trading Tools | FP Markets | BlackBull Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 30 | 109 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FP Markets | BlackBull Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlists - Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | FP Markets | BlackBull Markets | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | Yes | |
| Trading Central | Yes | No | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | BlackBull Markets | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | FP Markets | BlackBull Markets | |
|---|---|---|---|
| EUR/USD | Yes | Yes | |
| Review | FP Markets Review | BlackBull Markets Review |
| Overall | FP Markets | BlackBull Markets | |
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| Trust Score | 90 | 77 | |
| Winner | check_circle | ||
| Review | FP Markets Review | BlackBull Markets Review |
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