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FP Markets vs BlackBull Markets 2026

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

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.

FP Markets
4.5/5 Stars Overall
  • Minimum Deposit: $100 AUD
  • Trust Score: 90
  • Tradeable Symbols (Total): 10000
BlackBull Markets
4.5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 77
  • Tradeable Symbols (Total): 26000

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.

Regulation

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 logoFP Markets
BlackBull Markets logoBlackBull Markets
Year Founded info 2005 2014
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 2 1
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 2 1

Fees

Here’s a quick commissions-and-fees comparison. FP Markets and BlackBull Markets both earn 4.5/5 stars for Commissions & Fees. By ranking, BlackBull sits at #9 of 63 brokers, while FP Markets is #11 of 63. FP Markets also picked up Best in Class honors for Commissions & Fees in 2024.

FP Markets is most price-friendly on its commission-based Raw ECN account across MetaTrader and cTrader: average EUR/USD spreads were about 0.1 pips (Oct 2023), roughly 0.8 pips all-in after a $6 round-turn per standard lot. Its Standard (spread-only) account averaged around 1.1 pips on EUR/USD. For share CFDs in Australia, FP Markets’ Iress suite offers DMA pricing and full depth of book, but ViewPoint accounts can add platform/data fees unless you qualify for Premier status or generate at least AUD 150 in monthly commissions; Iress Investor waives monthly fees but has platform limitations.

BlackBull’s costs vary by account. The commission-free Standard account has higher spreads and no minimum deposit. The Prime account—often the sweet spot—requires a $2,000 minimum and charges $3 per side ($6 round-turn) per lot; its average EUR/USD spread was 0.16 pips (Mar 2024), for about 0.76 pips all-in. Active traders can consider the ECN Institutional tier ($20,000 minimum) with lower commissions at $2 per side ($4 round-turn). On quoted averages, BlackBull’s Prime edges FP Markets’ Raw ECN by a hair on EUR/USD, but your actual costs will depend on account type, platform fees, and trading volume.

Feature FP Markets logoFP Markets
BlackBull Markets logoBlackBull Markets
Minimum Deposit info $100 AUD $0
Average spread (EUR/USD) - Standard account info 1.3 info 1.16 info
All-in Cost EUR/USD - Active info 0.9 info 0.76 info
Non-wire bank transfer info No No
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

Comparing FP Markets vs BlackBull Markets for range of investments: both let you trade forex as spot or CFDs and support copy trading. BlackBull lists about 26,000 tradable instruments and 72 forex pairs, while FP Markets offers around 10,000 symbols and 71 pairs. Only BlackBull provides access to exchange-traded U.S. and international shares (for example, Apple on NASDAQ and Vodafone in London); FP Markets does not. Both brokers offer cryptocurrency via CFDs, and neither lets you buy actual crypto. For Range of Investments, BlackBull earns 5 stars and ranks #7 of 63 at ForexBrokers.com; FP Markets scores 4.5 stars and ranks #16.

If you want a bigger catalog and the ability to buy listed stocks directly, BlackBull Markets is the stronger pick. If you only plan to trade forex and CFDs, FP Markets still offers a wide selection with copy trading and crypto CFD access.

Feature FP Markets logoFP Markets
BlackBull Markets logoBlackBull Markets
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 10000 26000
Forex Pairs (Total) info 71 72
U.S. Stocks (Shares) info No Yes
Global Stocks (Non-U.S. Shares) info No Yes
Copy Trading info Yes Yes
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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.

Trading platforms and tools

FP Markets and BlackBull Markets both check key boxes for everyday traders: each offers a free demo account, copy trading, and the popular MetaTrader 4 and MetaTrader 5 platforms. You can trade from charts, and use both web-based and Windows desktop platforms. A notable difference is that FP Markets also provides a proprietary, in-house platform, while BlackBull Markets sticks to third-party options like MetaTrader.

In independent testing of trading platforms and tools, both brokers earned 4 out of 5 stars. FP Markets ranks #22 out of 63 brokers on ForexBrokers.com, while BlackBull Markets comes in at #25. Choose FP Markets if you want the extra choice of a proprietary platform alongside MetaTrader; pick BlackBull Markets if you’re happy with MetaTrader and a straightforward web and desktop setup.

Feature FP Markets logoFP Markets
BlackBull Markets logoBlackBull Markets
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
Charting - Indicators / Studies (Total) info 30 109
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

FP Markets and BlackBull Markets both offer iPhone and Android mobile trading apps with price alerts, trendline drawing, and auto-saving of chart annotations. Each earns a 4-star rating for Mobile Trading Apps. In ForexBrokers.com’s rankings, FP Markets places #20 out of 63 brokers, while BlackBull Markets comes in at #27.

Key differences: BlackBull Markets supports watchlist syncing between its mobile app and your online account, while FP Markets does not. For charting, FP Markets relies on MetaTrader’s default indicator set, whereas BlackBull Markets lists 30 built-in technical studies. Choose FP Markets if you want the familiar MetaTrader experience, or pick BlackBull Markets if synced watchlists and a clear set of 30 studies matter most.

Feature FP Markets logoFP Markets
BlackBull Markets logoBlackBull Markets
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info No Yes
Mobile Charting - Indicators / Studies info MetaTrader (Default) 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

BlackBull Markets earns a higher Research score (4.5/5) and rank (#16 of 63) than FP Markets (4/5; #22), and both brokers cover the essentials: daily market commentary, an economic calendar, Autochartist tools, and sentiment indicators. Where they differ is in premium content. FP Markets adds forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones and includes Trading Central, while BlackBull Markets does not offer those two extras.

If you want integrated premium news and Trading Central insights alongside Autochartist and sentiment tools, FP Markets has the edge. If you prefer a broker with a higher overall research rating and the core toolset—daily commentary, an economic calendar, Autochartist, and sentiment—BlackBull Markets is a strong pick. Neither broker provides TipRanks or Acuity Trading.

Feature FP Markets logoFP Markets
BlackBull Markets logoBlackBull Markets
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes No
Autochartist info Yes Yes
Trading Central info Yes No
Client sentiment data info Yes Yes
TipRanks info No No
Acuity Trading info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

FP Markets and BlackBull Markets both deliver forex and CFD education that meets the common benchmark of at least 10 learning pieces, and they go much further. Each broker hosts ongoing client webinars (at least monthly) and offers deep video libraries with 10+ beginner lessons and 10+ advanced videos, making it easy for new traders to learn the basics and keep progressing. If you prefer learning through live sessions plus on-demand videos, either platform will feel familiar and supportive for getting started.

In third-party evaluations, FP Markets earns 4 out of 5 stars for Education and ranks #22 out of 63 brokers at ForexBrokers.com, while BlackBull Markets scores slightly higher at 4.5 out of 5 stars but ranks #24. In short, BlackBull holds a small edge in the education rating, whereas FP Markets sits a touch higher in the category ranking. For beginners comparing the two, the decision may come down to which site’s webinar schedule, video style, and lesson flow you prefer—since both provide plenty of beginner-friendly content.

Feature FP Markets logoFP Markets
BlackBull Markets logoBlackBull Markets
Webinars info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

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 logoFP Markets
BlackBull Markets logoBlackBull Markets
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Trust Score info 90 77
Range of Investments 4.5/5 Stars 5/5 Stars
Trading Fees 4.5/5 Stars 4.5/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Research 4/5 Stars 4.5/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 4/5 Stars 4/5 Stars

FAQs

Can you trade cryptocurrency with FP Markets or BlackBull Markets?

FP Markets vs BlackBull Markets: neither broker lets you buy actual (delivered) cryptocurrency, but both provide cryptocurrency CFD trading.

What funding options does each broker offer?

Comparing deposit and withdrawal options: FP Markets and BlackBull Markets both support Skrill and bank wire transfers and do not offer ACH or SEPA, but only FP Markets supports PayPal, while Visa/Mastercard availability is not specified for either broker.

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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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Overall Rating FP Markets BlackBull Markets
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Trading Fees 4.5/5 Stars 4.5/5 Stars
Range of Investments 4.5/5 Stars 5/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 4.5/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 90 77
Winner check_circle
Review FP Markets Review BlackBull Markets Review
Broker Screenshots FP Markets BlackBull Markets
Broker Gallery (click to expand) info
FP Markets MT5 mobile trading app watchlist FP Markets MetaTrader 5 MT5 desktop platform. FP Markets research blog technical report detail. FP Markets educational lessons.
BlackBull Markets MT5 mobile trading app BlackBull Markets MetaTrader 5 MT5 desktop platform. BlackBull Markets economic calendar. BlackBull Markets Trading Podcasts playlist.
Regulation FP Markets BlackBull Markets
Trust Score info 90 77
Year Founded info 2005 2014
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-1 Licenses info 2 1
Tier-2 Licenses info 1 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 2 1
Tier-1 Licenses (Highly Trusted) FP Markets BlackBull Markets
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (FSA Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info No No
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info No Yes
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-2 Licenses (Trusted) FP Markets BlackBull Markets
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info Yes No
UAE (DFSA, FSRA, or SCA Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments FP Markets BlackBull Markets
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 10000 26000
Forex Pairs (Total) info 71 72
U.S. Stocks (Shares) info No Yes
Global Stocks (Non-U.S. Shares) info No Yes
Copy Trading info Yes Yes
Cryptocurrency (Underlying) info No No
Cryptocurrency (CFDs) info 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 account info 1.3 info 1.16 info
All-in Cost EUR/USD - Active info 0.9 info 0.76 info
Inactivity Fee info No No
Order execution: Agency info No No
Order execution: Market Maker info Yes Yes
Funding FP Markets BlackBull Markets
Minimum Deposit info $100 AUD $0
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info No No
Trading Platforms FP Markets BlackBull Markets
Proprietary Desktop Trading Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
cTrader info Yes Yes
Trading Tools FP Markets BlackBull Markets
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 30 109
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading FP Markets BlackBull Markets
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info No Yes
Mobile Charting - Indicators / Studies info MetaTrader (Default) 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes
Mobile Research - Economic Calendar info Yes Yes
Research FP Markets BlackBull Markets
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes No
Autochartist info Yes Yes
Trading Central info Yes No
TipRanks info No No
Client sentiment data info Yes Yes
Economic Calendar info Yes Yes
Education FP Markets BlackBull Markets
Webinars info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Major Forex Pairs FP Markets BlackBull Markets
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review FP Markets Review BlackBull Markets Review
Overall FP Markets BlackBull Markets
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Trading Fees 4.5/5 Stars 4.5/5 Stars
Range of Investments 4.5/5 Stars 5/5 Stars
Trading Platforms 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 4.5/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 90 77
Winner check_circle
Review FP Markets Review BlackBull Markets Review
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