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, established in 2005, is a well-regarded online broker known for holding two highly trusted Tier-1 licenses and one trusted Tier-2 license. This Sydney-based broker is not publicly traded and does not operate as a bank. With a Trust Score of 89 out of 99, FP Markets falls into the trusted category according to ForexBrokers.com. These credentials underscore its stability and reliable service for those venturing into online trading.
On the other hand, BlackBull Markets, founded in 2014, distinguishes itself by holding one highly trusted Tier-1 license. Like its counterpart, it is not listed on any stock exchange and is not a bank. With a Trust Score of 78, BlackBull Markets carries an average risk rating from ForexBrokers.com. Both brokers offer unique strengths, with FP Markets boasting higher trust ratings and more regulatory licenses.
| 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 | 1 | 1 |
FP Markets and BlackBull Markets both offer distinct advantages when it comes to commissions and fees, catering to various types of traders. FP Markets stands out with its highly competitive pricing for its ECN account, making it a top choice for active traders globally. Rated with 5 stars for commissions and fees, FP Markets earned Best in Class honors in the 2024 Annual Awards and holds the #6 spot out of 63 brokers ranked by ForexBrokers.com in the Commissions and Fees category. The Raw ECN account boasts an average spread of 0.1 pips, or 0.8 pips all-inclusive with commission, whereas the Standard account has a higher average spread of 1.1 pips for EUR/USD as of October 2023. The cTrader platform provides similar options with competitive pricing, albeit at a slightly different structure.
In contrast, BlackBull Markets offers cost structures that vary by account type. Their Prime account features an average spread of 0.16 for EUR/USD with a total cost of 0.76 pips after accounting for commissions, requiring a minimum deposit of $2,000. For traders looking for commission-free options, the Standard account is available with no minimum deposit, though it does come with higher spreads. BlackBull’s ECN Institutional account caters to traders with deposits of $20,000 or more, offering the lowest commission rates at $4 per round turn. With a 4.5-star rating and ranked #18 out of 63 brokers for commissions and fees by ForexBrokers.com, BlackBull Markets provides a reasonable pricing structure tailored for various trading strategies.
Both brokers are well-regarded for their fee structures, yet they appeal to different segments of the trading community. FP Markets offers competitive trading conditions through varied platforms and account types, especially for active and higher-balance traders, while BlackBull Markets delivers an industry-average pricing setup suitable for most traders, with flexibility across its account offerings. Whether you prioritize lower spreads or commission-free options, both brokers present compelling features to meet different trading needs.
| Feature |
FP Markets
|
BlackBull Markets
|
|---|---|---|
| Minimum Deposit | $100 AUD | $0 |
| Average Spread EUR/USD - Standard | 1.2 | 0.71 |
| All-in Cost EUR/USD - Active | 0.7 | 0.71 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Visa/Mastercard (Credit/Debit) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
When comparing FP Markets and BlackBull Markets, both stand out for offering forex trading as a CFD or spot contract. FP Markets provides users with an impressive 10,000 tradeable symbols, while BlackBull Markets goes further with an extensive 26,000 symbols. Both brokers offer a similar number of forex pairs, with FP Markets featuring 71 pairs compared to BlackBull's slightly higher offering of 72. However, a significant distinction lies in their range of investments beyond forex. BlackBull Markets allows clients to purchase exchange-traded securities on both U.S. and international exchanges, something FP Markets doesn't provide. Hence, users interested in buying stocks like Apple or Vodafone will find BlackBull Markets more accommodating. Additionally, both brokers cater to cryptocurrency enthusiasts by offering cryptocurrency derivatives, though neither provides the option to buy actual cryptocurrencies.
Both FP Markets and BlackBull Markets offer copy trading, enhancing their appeal for investors seeking to mirror the strategies of successful traders. When evaluated for the range of investments, FP Markets garners a commendable 4.5-star rating, ranked #18 out of 63 brokers by ForexBrokers.com. On the other hand, BlackBull Markets achieves a standout 5-star rating and secures a higher ranking at #6. While FP Markets offers a wide variety of tradeable symbols, BlackBull’s advantage of allowing access to a broader range of investments and superior rankings make it an attractive choice for more diversified trading options.
| Feature |
FP Markets
|
BlackBull Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 10000 | 26000 |
| Forex Pairs (Total) | 71 | 72 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | No |
| Cryptocurrency (Derivative) | 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.
When comparing FP Markets and BlackBull Markets in terms of trading platforms and tools, there are several qualities to consider. Both brokers provide simulated trading through free virtual demo accounts, catering to new traders eager to practice risk-free. FP Markets distinctively offers a proprietary platform, setting it apart from BlackBull Markets, which does not have a self-developed platform. Both offer MetaTrader 4 (MT4) and MetaTrader 5 (MT5) for those seeking reliable and versatile trading software. However, only BlackBull Markets provides ZuluTrade, giving it an edge for traders interested in that service.
Both options include Windows-based desktop and web-based platforms, ensuring convenient access across devices. FP Markets shines with seven columns for watch lists compared to BlackBull Markets' six, while BlackBull Markets offers a far more extensive selection of drawing tools with 60 options, towering over FP Markets’ 17. Both brokers receive a four-star rating for their trading tools, but FP Markets slightly outranks BlackBull Markets, standing at 23rd compared to 29th among 63 brokers in a ForexBrokers.com assessment. This comparison highlights both platforms' considerable strengths, supporting a range of trading strategies and preferences.
| Feature |
FP Markets
|
BlackBull Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| DupliTrade | No | No |
| ZuluTrade | No | Yes |
| Charting - Indicators / Studies (Total) | 30 | 109 |
| Charting - Drawing Tools (Total) | 17 | 60 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 7 | 6 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps offered by FP Markets and BlackBull Markets, both provide iPhone and Android apps, along with standard features such as stock and forex price alerts, the ability to draw trendlines, and the option to view charts in multiple time frames. However, a key differentiator is BlackBull Markets' watchlist symbol syncing capability, which allows watchlists in the mobile app to sync seamlessly with a client's online account—something FP Markets does not offer. For charting, BlackBull Markets presents a more specific offering with 30 technical studies, while FP Markets utilizes MetaTrader's default charting features. This makes BlackBull Markets potentially more appealing to users who rely heavily on technical analysis.
Both platforms let users create watchlists with real-time quotes and ensure that chart drawings are automatically saved, providing convenience across devices. When it comes to ratings, both FP Markets and BlackBull Markets score 4 out of 5 stars for their mobile trading apps. However, ForexBrokers.com ranks FP Markets higher at #18 compared to BlackBull Markets, which is ranked at #31 out of 63 brokers. This ranking indicates a slightly stronger overall performance for FP Markets in the mobile trading space, despite BlackBull Markets' additional syncing features.
| Feature |
FP Markets
|
BlackBull Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
FP Markets and BlackBull Markets both deliver daily market commentary, offering traders a consistent flow of insights to help inform their decisions. While FP Markets shines with forex news sourced from esteemed providers like Bloomberg, Reuters, and Dow Jones, BlackBull Markets does not offer similar top-tier news access. Both brokers equip their users with Autochartist's technical analysis and research tools, enhancing traders' abilities to anticipate market trends. However, only FP Markets extends additional support through Trading Central's advanced analytics toolset, a feature missing from BlackBull Markets' offerings.
When it comes to sentiment tools, both FP Markets and BlackBull Markets allow traders to gauge market sentiment with ratios of long and short positions, offering a crucial edge in market understanding. Economic calendars are available with both brokers, keeping traders aware of significant global financial events. Despite neither offering tools or research from TipRanks or Acuity Trading, both brokers are rated 4 stars for their research capabilities. Although FP Markets holds a rank of #25, BlackBull Markets edges ahead in the research category with a #18 ranking among 63 brokers according to ForexBrokers.com.
| Feature |
FP Markets
|
BlackBull Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
FP Markets and BlackBull Markets both excel in offering comprehensive educational resources tailored for forex and CFDs trading beginners. Both platforms provide a rich library that includes over 10 educational pieces in various formats like articles, videos, and archived webinars. Beginners have the opportunity to engage in at least one online educational client webinar per month, which keeps them updated and informed. A searchable archive of recorded webinars is also available on both platforms, making it easy for users to revisit and review past sessions. Furthermore, each broker offers at least 10 dedicated beginner videos that cover essential trading topics, allowing newcomers to build a solid foundation.
The educational offerings continue with resources aimed at more experienced traders; both FP Markets and BlackBull Markets provide over 10 advanced educational videos. Additionally, they each feature an investor dictionary with definitions of more than 50 investing terms, which is invaluable for traders looking to expand their vocabulary and understanding. Despite similarities in educational content, FP Markets holds a slight edge in the education category with a rank of 23 out of 63 brokers, compared to BlackBull Markets' rank of 29. Both brokers are rated four stars for their educational offerings, indicating a high level of quality and user satisfaction.
| Feature |
FP Markets
|
BlackBull Markets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| 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 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 #24.
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 9,000 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
|
|---|---|---|
| Overall Rating |
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| Trust Score | 89 | 78 |
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Both FP Markets and BlackBull Markets do not offer the ability to buy actual delivered cryptocurrencies, but they do provide options for purchasing cryptocurrency derivatives.
Both FP Markets and BlackBull Markets offer Visa or Mastercard and bank wire transfers for deposits and withdrawals, but only FP Markets provides the option to use PayPal, while both brokers support Skrill, and neither supports ACH or SEPA transfers.
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 | 89 | 78 | |
| 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 | 89 | 78 | |
| 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 | 1 | 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 (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| 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) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FP Markets | BlackBull Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 10000 | 26000 | |
| Forex Pairs (Total) | 71 | 72 | |
| U.S. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | No | |
| Cryptocurrency (Derivative) | 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 - Standard | 1.2 | 0.71 | |
| All-in Cost EUR/USD - Active | 0.7 | 0.71 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FP Markets | BlackBull Markets | |
|---|---|---|---|
| Minimum Deposit | $100 AUD | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | FP Markets | BlackBull Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | FP Markets | BlackBull Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 7 | 6 | |
| Charting - Indicators / Studies (Total) | 30 | 109 | |
| Charting - Drawing Tools (Total) | 17 | 60 | |
| 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 Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | MetaTrader (Default) | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | FP Markets | BlackBull Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FP Markets | BlackBull Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FP Markets | BlackBull Markets | |
|---|---|---|---|
| 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 | FP Markets Review | BlackBull Markets Review |
| Overall | FP Markets | BlackBull Markets | |
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| Trust Score | 89 | 78 | |
| Winner | check_circle | ||
| Review | FP Markets Review | BlackBull Markets Review |
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