BlackBull Markets vs FXOpen 2025

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

BlackBull Markets, established in 2014, and FXOpen, founded in 2003, are both online brokers that are not publicly traded or affiliated with a bank. When assessing their trustworthiness, BlackBull Markets has a Trust Score of 78 from ForexBrokers.com, placing it in the average risk category. FXOpen trails slightly behind with a Trust Score of 76, also categorized as average risk. In terms of regulatory credentials, BlackBull Markets holds one Tier-1 license, which is highly regarded by ForexBrokers.com, while FXOpen has a slight edge with two Tier-1 licenses.

Neither broker holds any Tier-2 licenses, which are still considered reliable but not as highly esteemed as Tier-1. Whether you are considering BlackBull Markets or FXOpen, understanding their regulatory standings and Trust Scores can offer insights into their levels of safety and reliability in the competitive world of forex trading.

Feature	BlackBull Markets	FXOpen
Year Founded info	2014	2003
Publicly Traded (Listed) info	No	No
Bank info	No	No
Tier-1 Licenses info	1	2
Tier-2 Licenses info	0	0
Tier-3 Licenses info	0	0
Tier-4 Licenses info	1	0

Fees

Comparing commissions and fees, BlackBull Markets delivers clear pricing across three account types and earns 4.5/5 stars (ranked #19 of 63 for Commissions and Fees by ForexBrokers.com). FXOpen receives 4/5 stars (ranked #45 of 63), but average spread data isn’t available here, which makes direct, like-for-like cost comparisons harder.

At BlackBull Markets, the Standard account is commission-free with no minimum deposit, but has higher spreads. The Prime account requires a $2,000 minimum and charges $3 per side ($6 round turn) per lot, in exchange for lower spreads; in March 2024 the EUR/USD averaged 0.16 pips on Prime, with an all-in cost around 0.76 pips after commission. The ECN Institutional account targets high-volume traders with at least $20,000 to deposit and a lower $2 per side ($4 round turn) commission. Overall trading costs are about average for the industry, with the Prime account typically offering the best balance of spread and commission.

FXOpen’s commissions-and-fees rating is solid at 4/5 stars, and it ranks #45 of 63, but average spread figures aren’t available in this snapshot. That means total trading costs will depend on your chosen account setup and instruments, whereas BlackBull Markets provides more specific guidance—especially on its Prime account—for traders who want published spread and commission details up front.

Feature	BlackBull Markets	FXOpen
Minimum Deposit info	$0	$100
Average spread (EUR/USD) - Standard account info	0.71 info	N/A info
All-in Cost EUR/USD - Active info	0.71 info	N/A info
Non-wire bank transfer info	No	No
PayPal (Deposit/Withdraw) info	No
Skrill (Deposit/Withdraw) info	Yes
Bank Wire (Deposit/Withdraw) info	Yes

Dive deeper: Best Low Spread Forex Brokers.

Range of investments

BlackBull Markets vs FXOpen: When it comes to range of investments, BlackBull Markets offers far more choice. BlackBull lists about 26,000 tradeable symbols and 72 forex pairs, while FXOpen provides 87 symbols and 25 forex pairs. Both brokers let you trade forex as CFDs or spot, offer copy trading, and support cryptocurrency CFDs (neither supports buying delivered crypto). A key difference is access to exchange-traded stocks: only BlackBull lets clients buy shares on U.S. and international exchanges, whereas FXOpen does not offer exchange-traded securities.

Independent ratings back up this gap. For Range of Investments, BlackBull Markets earns 5 stars and ranks #6 out of 63 brokers on ForexBrokers.com, while FXOpen holds 3 stars and ranks #63. If you want a large selection that includes stocks alongside forex, indices, and crypto CFDs, BlackBull Markets is the stronger fit; if you need a simpler lineup focused on CFDs and forex, FXOpen may suffice.

Feature	BlackBull Markets	FXOpen
Forex Trading (Spot or CFDs) info	Yes	Yes
Tradeable Symbols (Total) info	26000	87
Forex Pairs (Total) info	72	25
U.S. Stocks (Shares) info	Yes	No
Global Stocks (Non-U.S. Shares) info	Yes	No
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).

Dive deeper: Best Copy Trading Platforms.

Trading platforms and tools

BlackBull Markets and FXOpen offer nearly identical platform lineups for everyday traders. Both provide free demo (paper) accounts, copy trading, and the ability to place trades directly from charts. Neither broker has a proprietary platform; instead, each supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5) with access on Windows desktop and in your web browser. Both are rated 4 stars for Trading Platforms and Tools, but BlackBull Markets holds a higher category ranking (#31 of 63) than FXOpen (#54 of 63).

Since both rely on MT4/MT5, the exact number of technical indicators and watchlist fields isn’t specified and can vary by platform setup. If you want the MetaTrader experience with web and Windows access, copy trading, and a demo account to practice, either broker will suit you. If a stronger standing in platform comparisons matters, BlackBull Markets has the edge; if you prefer FXOpen’s ecosystem, you’ll find a similar set of tools.

Feature	BlackBull Markets	FXOpen
Virtual Trading (Demo) info	Yes	Yes
Proprietary Desktop Trading Platform info	No	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	109	30
Charting - Trade From Chart info	Yes	Yes

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

Forex trading apps

BlackBull Markets and FXOpen both deliver mobile trading apps for iPhone and Android with price alerts, 30 technical studies, and the ability to draw trendlines on charts. Each app earns a 4 out of 5 star rating. Key differences: BlackBull Markets syncs your watchlists across mobile and web (FXOpen does not), and BlackBull auto-saves your chart drawings (FXOpen does not). In ForexBrokers.com’s Mobile Trading Apps rankings out of 63 brokers, BlackBull Markets sits at #33, while FXOpen is #55.

If you jump between your phone and desktop or rely on saved annotations, BlackBull Markets is the more convenient choice. If you mainly want core charts and alerts, FXOpen’s app still gets the job done. For many traders, the syncing and auto-save features tip the scale toward BlackBull Markets for day-to-day use.

Feature	BlackBull Markets	FXOpen
Android App info	Yes	Yes
Apple iOS App info	Yes	Yes
Mobile Price Alerts info	Yes	Yes
Mobile Watchlists - Syncing info	Yes	No
Mobile Charting - Indicators / Studies info	30	30
Mobile Charting - Draw Trendlines info	Yes	Yes
Mobile Charting - Trendlines Autosave info	Yes	No

Dive deeper: Best Forex Trading Apps.

Market research

When comparing BlackBull Markets vs FXOpen for market research, both brokers publish daily market commentary and provide an economic calendar. The key difference is in their add-ons: FXOpen streams forex news from top-tier outlets (such as Bloomberg, Reuters, or Dow Jones), while BlackBull Markets does not. In turn, BlackBull supports Autochartist for trade ideas and offers a sentiment tool that shows long vs short positioning; FXOpen lacks Autochartist and a sentiment gauge. Neither broker includes Trading Central. BlackBull does not offer TipRanks or Acuity Trading tools, and FXOpen’s access to TipRanks or Acuity Trading isn’t specified.

According to ForexBrokers.com, BlackBull Markets earns 4 stars for Research and ranks #18 out of 63 brokers, whereas FXOpen scores 3 stars and is ranked 64th. Pick BlackBull if you want built-in pattern recognition and sentiment data; pick FXOpen if integrated, high-quality news coverage is your priority.

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

Dive deeper: Best Brokers for Forex Research.

Beginners and education

Comparing forex and CFD education for beginners, BlackBull Markets offers a more complete learning path than FXOpen. BlackBull runs monthly client webinars and provides 10+ beginner videos alongside 10+ advanced videos, giving new traders clear next steps as they improve. FXOpen does not host monthly webinars and does not meet the 10+ video mark for beginner or advanced topics, which may limit hands-on learning options for newcomers.

These differences show up in third-party scores: BlackBull Markets earns 4 stars for Education and ranks #29 out of 63 brokers at ForexBrokers.com, while FXOpen holds 3 stars and ranks #59. If you want structured lessons and live sessions to build skills faster, BlackBull is the stronger choice; if you only need basic materials and plan to learn elsewhere, FXOpen can still work.

Feature	BlackBull Markets	FXOpen
Webinars info	Yes	No
Videos - Beginner Trading Videos info	Yes	No
Videos - Advanced Trading Videos info	Yes	No

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that BlackBull Markets is better than FXOpen. BlackBull Markets finished with an overall rank of #24, while FXOpen finished with an overall rank of #54.

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.

Feature	BlackBull Markets	FXOpen
Overall Rating info
Trust Score info	78	76
Range of Investments
Commissions & Fees
Platforms & Tools
Research
Mobile Trading
Education

FAQs

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Overall Rating	BlackBull Markets	FXOpen
Overall Rating info
Commissions & Fees
Range of Investments
Platforms & Tools
Mobile Trading
Research
Education
Trust Score info	78	76
Winner	check_circle
Review	BlackBull Markets Review

Broker Screenshots	BlackBull Markets	FXOpen
Broker Gallery (click to expand) info

Regulation	BlackBull Markets	FXOpen
Trust Score info	78	76
Year Founded info	2014	2003
Publicly Traded (Listed) info	No	No
Bank info	No	No
Regulated in one or more EU or EEA countries (MiFID). info	No info	Yes info
Tier-1 Licenses info	1	2
Tier-2 Licenses info	0	0
Tier-3 Licenses info	0	0
Tier-4 Licenses info	1	0

Tier-1 Licenses (Highly Trusted)	BlackBull Markets	FXOpen
Australia (ASIC Authorised) info	No	No
Canada (CIRO Authorised) info	No	No
Hong Kong (SFC Authorised) info	No	No
Japan (SFC Authorised) info	No	No
Singapore (MAS Authorised) info	No	No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info	No	Yes
USA (CFTC Authorized) info	No	No
New Zealand (FMA Authorised) info	Yes	No
Regulated in one or more EU or EEA countries (MiFID). info	No info	Yes info

Tier-2 Licenses (Trusted)	BlackBull Markets	FXOpen
Kenya (CMA Authorised) info
Israel (ISA Authorised) info	No	No
South Africa (FSCA Authorised) info	No	No
UAE (DFSA, FSRA, or SCA Authorised) info	No	No
India (SEBI Authorised) info	No	No
Jordan (JSC Authorised) info

Investments	BlackBull Markets	FXOpen
Forex Trading (Spot or CFDs) info	Yes	Yes
Tradeable Symbols (Total) info	26000	87
Forex Pairs (Total) info	72	25
U.S. Stocks (Shares) info	Yes	No
Global Stocks (Non-U.S. Shares) info	Yes	No
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).

Cost	BlackBull Markets	FXOpen
Average spread (EUR/USD) - Standard account info	0.71 info	N/A info
All-in Cost EUR/USD - Active info	0.71 info	N/A info
Inactivity Fee info	No	Yes
Order execution: Agency info	No	Yes
Order execution: Market Maker info	Yes	Yes

Funding	BlackBull Markets	FXOpen
Minimum Deposit info	$0	$100
PayPal (Deposit/Withdraw) info	No
Skrill (Deposit/Withdraw) info	Yes
Bank Wire (Deposit/Withdraw) info	Yes
Non-wire bank transfer info	No	No

Trading Platforms	BlackBull Markets	FXOpen
Proprietary Desktop Trading Platform info	No	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	No

Trading Tools	BlackBull Markets	FXOpen
Virtual Trading (Demo) info	Yes	Yes
Price Alerts info	Yes	Yes
Charting - Indicators / Studies (Total) info	109	30
Charting - Trade From Chart info	Yes	Yes
Charts can be saved info	Yes	Yes

Mobile Trading	BlackBull Markets	FXOpen
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	Yes	No
Mobile Charting - Indicators / Studies info	30	30
Mobile Charting - Draw Trendlines info	Yes	Yes
Mobile Charting - Trendlines Autosave info	Yes	No
Mobile Research - Economic Calendar info	Yes	Yes

Research	BlackBull Markets	FXOpen
Daily Market Commentary (Articles) info	Yes	Yes
Forex News (Top-Tier Sources) info	No	Yes
Autochartist info	Yes	No
Trading Central info	No	No
TipRanks info	No
Client sentiment data info	Yes	No
Economic Calendar info	Yes	Yes

Education	BlackBull Markets	FXOpen
Webinars info	Yes	No
Videos - Beginner Trading Videos info	Yes	No
Videos - Advanced Trading Videos info	Yes	No

Major Forex Pairs	BlackBull Markets	FXOpen
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	BlackBull Markets Review

Overall	BlackBull Markets	FXOpen
Overall Rating info
Commissions & Fees
Range of Investments
Platforms & Tools
Mobile Trading
Research
Education
Trust Score info	78	76
Winner	check_circle
Review	BlackBull Markets Review