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FP Markets vs BlackBull Markets 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

Is FP Markets better than BlackBull Markets? In our analysis of 23 international regulators across 39 of the best forex brokers, FP Markets is considered average-risk, with an overall Trust Score of 86 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 RatingFP MarketsBlackBull MarketsIG
Overall Rating4.5 Stars4 Stars5 Stars
Commissions & Fees5 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
Education4 Stars3.5 Stars5 Stars
Trust Score867499
Winnercheck_circle
ReviewFP Markets ReviewBlackBull Markets ReviewIG Review
RegulationFP MarketsBlackBull MarketsIG
Trust Score867499
Year Founded200520141974
Publicly Traded (Listed)NoNoYes
BankNoNoYes
Tier-1 Licenses117
Tier-2 Licenses202
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)FP MarketsBlackBull MarketsIG
ASIC Authorised (Australia)YesNoYes
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.)NoNoYes
CFTC Registered (USA)NoNoYes
FMA Authorised (New Zealand)NoYesYes
Tier-2 Licenses (Average Trust)FP MarketsBlackBull MarketsIG
CBRC Authorised (China)NoNoNo
CySEC Authorised (Cyprus)YesNoNo
SEBI Authorised (India)NoNoNo
ISA Authorised (Israel)NoNoNo
CBR Authorised (Russia)NoNoNo
FSCA Authorised (South Africa)YesNoYes
SEC Authorised (Thailand)NoNoNo
DFSA / Central Bank Authorised (UAE)NoNoYes
Tier-3 Licenses (Low Trust)FP MarketsBlackBull 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
InvestmentsFP MarketsBlackBull MarketsIG
Forex Trading (Spot or CFDs)YesYesYes
Tradeable Symbols (Total)99562600019537
Forex Pairs (Total)6372100
U.S. Stock Trading (Non CFD)NoYesYes
Int'l Stock Trading (Non CFD)NoYesYes
Social Trading / Copy TradingYesYesYes
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)YesYesYes
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).
CostFP MarketsBlackBull MarketsIG
Average Spread EUR/USD - Standard1.2 (August 2022)0.827 (August 2022)0.86 (September 2022)
All-in Cost EUR/USD - Active0.7 (August 2022)0.827 (August 2022)0.5957 (September 2022)
Active Trader or VIP DiscountsYesYesYes
Execution: Agency BrokerNoNoYes
Execution: Market MakerYesYesYes
FundingFP MarketsBlackBull MarketsIG
Minimum Initial Deposit$100 AUD$0ยฃ250.00
PayPal (Deposit/Withdraw)YesNoYes
Skrill (Deposit/Withdraw)YesYesNo
Visa/Mastercard (Credit/Debit)YesYesYes
Bank Wire (Deposit/Withdraw)YesYesYes
Trading PlatformsFP MarketsBlackBull MarketsIG
Proprietary PlatformYesNoYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
Social Trading / Copy TradingYesYesYes
MetaTrader 4 (MT4)YesYesYes
MetaTrader 5 (MT5)YesYesNo
cTraderNoYesNo
DupliTradeNoNoNo
ZuluTradeNoYesNo
Trading ToolsFP MarketsBlackBull MarketsIG
Virtual Trading (Demo)YesYesYes
Alerts - Basic FieldsYesYesYes
Watchlists - Total Fields7714
Charting - Indicators / Studies (Total)303033
Charting - Drawing Tools (Total)151520
Charting - Trade From ChartYesYesYes
Charts can be savedYesYesYes
Mobile TradingFP MarketsBlackBull MarketsIG
Android AppYesYesYes
Apple iOS AppYesYesYes
Mobile Alerts - Basic FieldsYesYesYes
Mobile WatchlistYesYesYes
Watchlist SyncingNoNoYes
Mobile Charting - Indicators / StudiesMetaTrader (Default)3033
Mobile Charting - Draw TrendlinesYesYesYes
Mobile Charting - Multiple Time FramesYesYesYes
Mobile Charting - Drawings AutosaveYesYesYes
Forex CalendarYesYesYes
ResearchFP MarketsBlackBull MarketsIG
Daily Market CommentaryYesYesYes
Forex News (Top-Tier Sources)YesNoYes
AutochartistYesYesYes
Trading Central (Recognia)NoNoNo
Social Sentiment - Currency PairsYesNoYes
Economic CalendarYesYesYes
EducationFP MarketsBlackBull 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 PairsFP MarketsBlackBull MarketsIG
GBP/USDYesYesYes
USD/JPYYesYesYes
EUR/USDYesYesYes
USD/CHFYesYesYes
USD/CADYesYesYes
NZD/USDYesYesYes
AUD/USDYesYesYes
ReviewFP Markets ReviewBlackBull Markets ReviewIG Review
OverallFP MarketsBlackBull MarketsIG
Overall Rating4.5 Stars4 Stars5 Stars
Commissions & Fees5 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
Education4 Stars3.5 Stars5 Stars
Trust Score867499
Winnercheck_circle
ReviewFP Markets ReviewBlackBull Markets ReviewIG Review
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FP Markets 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 FP Markets vs BlackBull Markets.

Does FP Markets 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, FP Markets offers better pricing overall for traders.

Is FP Markets 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 FP Markets and BlackBull Markets hold 1 global Tier-1 licenses. FP Markets holds 2 global Tier-2 licenses, while BlackBull Markets holds 0. In our analysis of 23 international regulators across 50 brokers, FP Markets earned a higher Trust Score than BlackBull Markets.

Which trading platform is better: FP Markets or BlackBull Markets?

To compare the trading platforms of both FP Markets 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. Both FP Markets and BlackBull Markets offer MetaTrader 4 (MT4).FP Markets and BlackBull Markets both offer copy trading.

How many forex pairs and CFDs are available to trade?

BlackBull Markets provides traders 72 currency pairs (e.g., EUR/USD) compared to FP Markets's 63 available pairs. Forex pairs aside, BlackBull Markets offers traders access to 26000 CFDs while FP Markets has 9956 available CFDs, a difference of 16044.

Can I trust FP Markets?

FP Markets is not publicly traded and does not operate a bank. FP Markets is authorised by one tier-1 regulator (high trust), two tier-2 regulator (average trust), and zero tier-3 regulators (low trust). FP Markets is authorised by the following tier-1 regulator: Australian Securities & Exchange Commission (ASIC).

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 FP Markets good?

FP Markets shines as a low-cost broker for trading forex and CFDs โ€“ as long as you use the MetaTrader platform. The Iress platform suite offers well over 9,000 tradeable symbols, but itโ€™s mostly a share trading platform โ€“ and is generally a much pricier option.

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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