Written by ForexBrokers.com
In this head to head comparison of BlackBull Markets vs FXOpen, 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.
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 | 2014 | 2003 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 2 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 0 |
When comparing BlackBull Markets and FXOpen in terms of commissions and fees, BlackBull Markets offers an above-average trading cost experience with its three-tier account system. Depending on the choice of account, traders can experience varied spreads and commission structures. The Prime account at BlackBull Markets particularly stands out, featuring an average EUR/USD spread of 0.16 with an all-in cost of 0.76 pips when accounting for the $6 per 10,000 traded commission. This account is more favorable compared to its Standard counterpart, which has no minimum deposit but higher spreads. For those looking to invest more heavily, the ECN Institutional account requires a $20,000 deposit and comes with a commission rate of $2 per side.
FXOpen, on the other hand, does not provide average spread data, making direct comparisons somewhat challenging. However, FXOpen maintains a competitive edge with its 4-star rating for commissions and fees. BlackBull Markets, with a slightly higher rating of 4.5 stars, indicates a more favorable fee structure overall. Additionally, BlackBull Markets holds the rank of #18 out of 63 brokers in the Commissions and Fees category according to ForexBrokers.com, surpassing FXOpen, which is ranked at #44.
While both brokers have unique advantages, BlackBull Markets generally provides a more cost-effective option for traders, especially for those considering the Prime account. FXOpen, still respected in the industry, offers a solid alternative, albeit with less transparency regarding average spreads. Traders will need to weigh the importance of spread transparency against their own trading strategy and deposit capabilities to make the best decision.
| Feature |
BlackBull Markets
|
FXOpen
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 0.71 | N/A |
| All-in Cost EUR/USD - Active | 0.71 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | 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 BlackBull Markets and FXOpen for their range of investments, BlackBull Markets stands out with a staggering 26,000 tradeable symbols compared to FXOpen's 87. For those interested in forex pairs, BlackBull Markets offers 72, while FXOpen provides 25. Both platforms offer forex trading as CFDs or spot contracts, and they also support copy trading. However, when it comes to buying actual exchange-traded securities on U.S. or international exchanges, BlackBull Markets is the clear winner, offering access to stocks like Apple and Vodafone, which FXOpen does not.
While neither platform allows the purchase of actual (delivered) cryptocurrencies, both offer cryptocurrency derivatives. In terms of ratings, BlackBull Markets receives a full 5-star rating for its range of investments and ranks 6th out of 63 brokers according to ForexBrokers.com. In contrast, FXOpen receives a 3-star rating and is ranked 62nd, highlighting BlackBull Markets as a more comprehensive option for investors looking for a wide variety of investment opportunities.
| Feature |
BlackBull Markets
|
FXOpen
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 26000 | 87 |
| Forex Pairs (Total) | 72 | 25 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| 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). |
Dive deeper: Best Copy Trading Platforms.
When comparing the trading platforms and tools of BlackBull Markets and FXOpen, it's evident that both brokers have incorporated features important to traders. Both platforms offer simulated trading with free virtual demo accounts, allowing users to practice strategies without risk. Traders can also access trading via Windows-based desktop platforms and web-based interfaces at both brokers. Popular platforms like MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are supported by each, alongside the option to engage in copy trading. Furthermore, both BlackBull Markets and FXOpen provide access to ZuluTrade for an enhanced social trading experience. However, neither broker offers a proprietary platform developed in-house nor supports DupliTrade, so users rely primarily on universally-recognized third-party tools.
While both brokers offer a solid foundation for trading, slight differences can influence traders when making a choice. BlackBull Markets stands out with 60 drawing tools, offering a more extensive set than FXOpen’s 15. This could be attractive for traders who focus heavily on chart analysis. FXOpen, however, offers slightly more columns (7) for watch lists compared to BlackBull’s 6, offering a bit more customization for monitoring assets. Both brokers have rated four stars in trading platforms and tools, but BlackBull Markets holds a higher industry rank at #29, comparing favorably to FXOpen's #53 out of 63 brokers as assessed by ForexBrokers.com.
| Feature |
BlackBull Markets
|
FXOpen
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | 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 | Yes | Yes |
| Charting - Indicators / Studies (Total) | 109 | 30 |
| Charting - Drawing Tools (Total) | 60 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
BlackBull Markets and FXOpen both offer impressive mobile trading apps compatible with iPhone and Android devices. These apps provide essential features like stock or forex price alerts, the ability to draw trendlines, and access to multiple time frames for chart analysis. Whether you are on the go or at your desk, both brokers facilitate the creation of real-time quote watchlists, which is a must-have for active traders. Where the two differ is in watchlist symbol syncing: BlackBull Markets integrates this feature to ensure changes made on the app or online sync seamlessly, while FXOpen does not. Additionally, BlackBull Markets stands out with auto-saving capabilities for chart drawings, a feature FXOpen lacks.
When it comes to charting tools, both brokers pack their apps with 30 technical studies, providing traders with a comprehensive toolkit for market analysis. The overall user experience translates into identical ratings: each app earns a four-star rating out of five. However, if rankings catch your attention, BlackBull Markets holds a higher position at #31 compared to FXOpen's #54 ranking out of 63 brokers by ForexBrokers.com in the Mobile Trading Apps category. Whether better watchlist management or charting flexibility matters most to you, both platforms deliver solid options tailored to mobile traders.
| Feature |
BlackBull Markets
|
FXOpen
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When examining the market research offerings of BlackBull Markets and FXOpen, both brokers provide daily market commentary, ensuring traders stay informed with regular insights. However, FXOpen distinguishes itself by offering forex news from leading sources like Bloomberg and Reuters, something BlackBull Markets does not provide. In contrast, BlackBull Markets equips traders with powerful technical analysis tools from the recognized firm Autochartist, a feature absent from FXOpen’s offerings. Moreover, BlackBull Markets includes a sentiment-based trading tool that reveals long and short positions across various instruments, whereas FXOpen lacks this capability.
Although both brokers provide an economic calendar for tracking global news events, their research ratings and rankings differ significantly. BlackBull Markets enjoys a higher research rating of 4 stars and ranks #18 out of 63 brokers, demonstrating a competitive edge in research resources. Meanwhile, FXOpen holds a lower research rating of 3 stars and is positioned at #63, which suggests there may be room for enhancement in their market research services.
| Feature |
BlackBull Markets
|
FXOpen
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, BlackBull Markets offers a more comprehensive experience compared to FXOpen. BlackBull Markets provides a wealth of educational materials with over ten articles, videos, and webinars focusing on forex and CFDs. Additionally, they host regular online educational webinars at least once a month and have a searchable archive of these sessions for those who might have missed them live. Beginners can take advantage of at least ten videos tailored specifically for novice traders alongside advanced content for more experienced investors. An investor dictionary further supports learning with clear definitions of over fifty investing terms. As a result, BlackBull Markets has earned a commendable four-star rating for education and is ranked 29th out of 63 brokers in this category by ForexBrokers.com.
In contrast, FXOpen falls short in several educational aspects. The broker does not provide the same volume of educational material, lacking the minimum threshold of ten pieces on forex and CFDs. Additionally, FXOpen does not offer regular educational webinars or a searchable archive of past sessions. While it does have an investor dictionary with definitions of investing terms, it lacks beginner and advanced video content that targets different levels of trading expertise. This gap in educational offerings is reflected in FXOpen's three-star education rating and its 58th place ranking out of 63 brokers in the ForexBrokers.com education category. Overall, newcomers to trading would likely benefit more from the comprehensive resources provided by BlackBull Markets.
| Feature |
BlackBull Markets
|
FXOpen
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| 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 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 |
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| Trust Score | 78 | 76 |
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Both BlackBull Markets and FXOpen do not offer the ability to buy actual (delivered) cryptocurrency, but they do provide the option to purchase cryptocurrency derivatives.
Both BlackBull Markets and FXOpen do not support ACH or SEPA transfers or PayPal for depositing or withdrawing funds, but they offer Skrill, Visa or Mastercard, and bank wire options for account transactions.
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 | BlackBull Markets | FXOpen | |
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| Trust Score | 78 | 76 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review |
| Broker Screenshots | BlackBull Markets | FXOpen | |
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| Regulation | BlackBull Markets | FXOpen | |
|---|---|---|---|
| Trust Score | 78 | 76 | |
| Year Founded | 2014 | 2003 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 2 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | BlackBull Markets | FXOpen | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | 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 | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes |
| Tier-2 Licenses (Trusted) | BlackBull Markets | FXOpen | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | BlackBull Markets | FXOpen | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 26000 | 87 | |
| Forex Pairs (Total) | 72 | 25 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| 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). |
| Cost | BlackBull Markets | FXOpen | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.71 | N/A | |
| All-in Cost EUR/USD - Active | 0.71 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | BlackBull Markets | FXOpen | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | 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 | BlackBull Markets | FXOpen | |
|---|---|---|---|
| Proprietary Platform | No | 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 | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | Yes |
| Trading Tools | BlackBull Markets | FXOpen | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 109 | 30 | |
| Charting - Drawing Tools (Total) | 60 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | BlackBull Markets | FXOpen | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | BlackBull Markets | FXOpen | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | BlackBull Markets | FXOpen | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | BlackBull Markets | FXOpen | |
|---|---|---|---|
| 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 | BlackBull Markets Review |
| Overall | BlackBull Markets | FXOpen | |
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| Trust Score | 78 | 76 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review |
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