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 | 2 | 1 |
FP Markets and BlackBull Markets both keep trading costs competitive, but they take different paths. FP Markets holds a 5-star Commissions and Fees rating and ranks #6 out of 63 brokers, with a Best in Class award for 2024. BlackBull Markets earns 4.5 stars and ranks #19 out of 63. On headline EUR/USD pricing, BlackBull’s Prime account posts a slightly lower all-in cost than FP Markets’ Raw ECN, yet FP Markets stands out for its overall pricing consistency and account choice across platforms.
FP Markets keeps costs sharp on MetaTrader and cTrader. Its Raw ECN account averages 0.1 pips on EUR/USD (about 0.8 pips all-in after a $6 round-turn commission per standard lot), while the Standard account averages 1.1 pips with no commission. For share CFDs, FP Markets’ Iress ViewPoint offers DMA pricing with tiered accounts: Standard (AUD 1,000 minimum), Platinum (AUD 25,000), and Premier (AUD 50,000). Platform/data fees are waived if you qualify for Premier or generate at least AUD 150 in monthly commissions. The lower-cost Iress Investor plan waives monthly fees but limits features and omits streaming data by default.
BlackBull Markets’ costs vary by account. The commission-free Standard account has higher spreads and no minimum deposit. The Prime account requires $2,000 but cuts costs with tighter spreads (EUR/USD average spread 0.16; about 0.76 pips all-in with a $3-per-side/$6 round-turn commission per lot). The ECN Institutional account targets high-volume traders with a $20,000 minimum and $2 per side ($4 round turn). Bottom line: BlackBull Prime can edge FP’s Raw ECN on EUR/USD all-in cost, while FP Markets delivers a wider mix of low-cost options and top-tier recognition for overall commissions and fees.
| Feature |
FP Markets
|
BlackBull Markets
|
|---|---|---|
| Minimum Deposit | $100 AUD | $0 |
| Average spread (EUR/USD) - Standard account | 1.2 | 0.71 |
| All-in Cost EUR/USD - Active | 0.7 | 0.71 |
| Non-wire bank transfer | No | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Comparing FP Markets vs BlackBull Markets for range of investments, BlackBull Markets offers a wider selection overall: about 26,000 tradeable instruments compared to FP Markets’ 10,000. Both brokers provide forex trading (as CFD or spot, depending on account), with nearly identical coverage of currency pairs—72 at BlackBull Markets and 71 at FP Markets. A key difference is stock market access: BlackBull Markets lets you buy exchange-traded shares on U.S. and international exchanges, while FP Markets does not offer exchange-traded stocks (it focuses on CFDs instead).
Both brokers support copy trading and offer cryptocurrency via CFDs, but neither lets you buy actual crypto. For range of investments, ForexBrokers.com rates BlackBull Markets at 5 stars (ranked #6 of 63) and FP Markets at 4.5 stars (ranked #19 of 63). In short, choose BlackBull Markets if you want the most symbols and direct stock dealing, or FP Markets if you’re satisfied with a broad CFD lineup and strong forex coverage.
| 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.
Comparing FP Markets vs BlackBull Markets for platforms and tools: both brokers offer free demo (paper) trading, Windows desktop and web-based platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5), copy trading, and the ability to place trades directly from charts. The key difference is that FP Markets also provides a proprietary platform built in-house, while BlackBull Markets does not.
For quality, both earn 4 out of 5 stars for Trading Platforms and Tools from ForexBrokers.com. In the category ranking, FP Markets places #23 of 63 brokers, while BlackBull Markets ranks #31. Indicator counts and watchlist field details were not specified, so your choice may hinge on whether you want access to a proprietary platform (FP Markets) or are satisfied using MT4/MT5 across desktop and web with either broker.
| 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 deliver full-featured mobile trading apps for iPhone and Android. Each app supports price alerts, trendline drawing, and auto-saving your chart annotations. For charting depth, FP Markets’ app uses the default MetaTrader indicator set, while BlackBull Markets lists 30 built‑in technical studies, giving traders a clear sense of the tools available on each platform.
The biggest functional difference is watchlist syncing: BlackBull Markets syncs symbols between mobile and web, whereas FP Markets does not. Both apps earn 4 out of 5 stars for mobile, but ForexBrokers.com ranks FP Markets higher (#18 of 63) than BlackBull Markets (#33 of 63). If watchlist syncing and a defined list of 30 studies matter most, BlackBull Markets fits the bill. If you prefer the familiar MetaTrader experience and a higher category ranking, FP Markets is the better pick.
| 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 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 (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 offer ample forex and CFD education for beginners, with well over 10 pieces of learning content. Each broker provides at least 10 beginner-focused videos and runs monthly educational webinars, making it easy to start with the basics through clear lessons and regular live sessions. If you’re new to trading, you’ll find step-by-step videos and webinars at both brokers that help you understand terms, platforms, and common strategies.
As you progress, both brands also supply at least 10 advanced videos, so you can keep learning beyond the basics. Education quality is similar, with each earning 4 out of 5 stars from ForexBrokers.com. In the Education category, FP Markets ranks slightly higher (#23 of 63) than BlackBull Markets (#29 of 63). In short, beginners can learn effectively with either broker, while FP Markets holds a small edge in overall education standings.
| 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 #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
|
BlackBull Markets
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 89 | 78 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
FP Markets vs BlackBull Markets: neither broker lets you buy actual (delivered) cryptocurrency, but both provide cryptocurrency CFD trading.
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.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | FP Markets | BlackBull Markets | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 89 | 78 | |
| Winner | check_circle | ||
| Review | FP Markets Review | BlackBull Markets Review |
| Broker Screenshots | FP Markets | BlackBull Markets | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
|
| 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 | 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 (SFC 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 SCA 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) - Standard account | 1.2 | 0.71 | |
| All-in Cost EUR/USD - Active | 0.7 | 0.71 | |
| Inactivity Fee | No | No | |
| Order execution: Agency | No | No | |
| Order 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 | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | No | No |
| 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 Watchlist [DELETED] | |||
| 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 | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | FP Markets Review | BlackBull Markets Review |
| Overall | FP Markets | BlackBull Markets | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 89 | 78 | |
| Winner | check_circle | ||
| Review | FP Markets Review | BlackBull Markets Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill