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Home ‣ Compare ‣ BlackBull Markets vs FXOpen 2025

BlackBull Markets vs FXOpen 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

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.

BlackBull Markets
4.5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 78
  • Tradeable Symbols (Total): 26000
FXOpen
3.5/5 Stars Overall
  • Minimum Deposit: $100
  • Trust Score: 76
  • Tradeable Symbols (Total): 87

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 logoBlackBull Markets
FXOpen logoFXOpen
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

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 logoBlackBull Markets
FXOpen logoFXOpen
Minimum Deposit info $0 $100
Average Spread EUR/USD - Standard info 0.71 info N/A info
All-in Cost EUR/USD - Active info 0.71 info N/A info
Active Trader or VIP Discounts info Yes Yes
ACH or SEPA Transfers info No No
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

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 logoBlackBull Markets
FXOpen logoFXOpen
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 26000 87
Forex Pairs (Total) info 72 25
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) 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

When considering trading platforms and tools, both BlackBull Markets and FXOpen offer a comprehensive suite of features appeal to traders of all levels. Both brokers provide simulated trading through free virtual demo accounts, allowing users to hone their skills without financial risk. Neither broker has developed their own proprietary platform; however, they both offer the widely-used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Users can access these platforms via Windows-based desktop downloads or through convenient web-based interfaces. For those interested in social trading, both brokers support copy trading and integrate ZuluTrade for automated trading services. A minor distinction comes in their charting tools, where BlackBull Markets offers 60 drawing tools compared to FXOpen's 15, providing more flexibility in technical analysis.

Further expanding on their usability, both brokers enable trading directly from stock charts, enhancing the trading experience. BlackBull Markets provides six columns for watch lists, while FXOpen offers a slightly higher seven. Both companies have earned a solid 4-star rating for their trading platforms and tools, but on a competitive scale, BlackBull Markets is ranked #30 while FXOpen is ranked #53 out of 63 brokers by ForexBrokers.com. This comparison highlights that while both platforms bring a variety of trading tools to the table, BlackBull Markets edges ahead with a more favorable ranking and a wider array of charting tools.

Feature BlackBull Markets logoBlackBull Markets
FXOpen logoFXOpen
Virtual Trading (Demo) info Yes Yes
Proprietary Platform info No No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
DupliTrade info No No
ZuluTrade info Yes Yes
Charting - Indicators / Studies (Total) info 109 30
Charting - Drawing Tools (Total) info 60 15
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields info 6 7
Continue Reading

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

Forex trading apps

When comparing the mobile trading apps of BlackBull Markets and FXOpen, both offer apps for iPhone and Android devices, ensuring easy access regardless of your smartphone preference. Each platform provides stock or forex price alerts, enabling traders to stay updated on market developments. Importantly, BlackBull Markets' app includes watchlist symbol syncing, making it convenient to manage watchlists seamlessly between the mobile app and your online account. Unfortunately, FXOpen doesn't offer this feature. Both apps cater well to technical traders, offering 30 technical studies for chart analysis and the capability to draw trendlines, with multiple time frames available for viewing. However, BlackBull Markets stands out by allowing automatic saving of chart drawings, a convenience not available with FXOpen.

For those interested in real-time updates, each app supports the creation of watchlists with live data. User reviews rate both apps at four out of five stars for overall satisfaction in mobile trading, but the rankings tell a different story. According to ForexBrokers.com, BlackBull Markets comes in at #32 out of 63 brokers, while FXOpen is further down the list at #54. This suggests that while both apps offer valuable trading tools, BlackBull Markets delivers a more streamlined and user-friendly mobile trading experience.

Feature BlackBull Markets logoBlackBull Markets
FXOpen logoFXOpen
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

When comparing BlackBull Markets and FXOpen for market research capabilities, both brokers provide daily market commentary and offer comprehensive economic calendars to keep traders updated on global news events. However, BlackBull Markets excels with additional features. It provides tools from Autochartist for technical and fundamental analysis and a sentiment-based trading tool that highlights trading positions across various currency pairs. Meanwhile, FXOpen includes forex news from renowned sources like Bloomberg, Reuters, and Dow Jones, which is absent in BlackBull Markets’ offerings.

While neither broker utilizes tools from Trading Central or Acuity Trading, BlackBull Markets has a superior research ranking and rating. Rated 4 stars in the research category by ForexBrokers.com, BlackBull Markets stands at #18 out of 63 brokers, demonstrating a more favorable position in research capabilities compared to FXOpen, which holds a 3-star rating and ranks at #63. The comprehensive tools and higher rating make BlackBull Markets a strong contender in providing insightful market research to traders.

Feature BlackBull Markets logoBlackBull Markets
FXOpen logoFXOpen
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info No Yes
Autochartist info Yes No
Trading Central (Recognia) info No No
Social Sentiment - Currency Pairs info Yes No
TipRanks info No
Signal Centre (Acuity Trading) info No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

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 logoBlackBull Markets
FXOpen logoFXOpen
Education (Forex or CFDs) info Yes No
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) 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 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 logoBlackBull Markets
FXOpen logoFXOpen
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Trust Score info 78 76
Range of Investments 5/5 Stars 3/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Research 4/5 Stars 3/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 4/5 Stars 3/5 Stars

FAQs

Can you trade cryptocurrency with BlackBull Markets or FXOpen?

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.

What funding options does each broker offer?

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.

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Overall Rating BlackBull Markets FXOpen
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Range of Investments 5/5 Stars 3/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3/5 Stars
Education 4/5 Stars 3/5 Stars
Trust Score info 78 76
Winner check_circle
Review BlackBull Markets Review
Broker Screenshots BlackBull Markets FXOpen
Broker Gallery (click to expand) info
BlackBull Markets MT5 mobile trading app BlackBull Markets MetaTrader 5 MT5 desktop platform. BlackBull Markets economic calendar. BlackBull Markets Trading Podcasts playlist.
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/Central Bank 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. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes Yes
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) 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 info 0.71 info N/A info
All-in Cost EUR/USD - Active info 0.71 info N/A info
Active Trader or VIP Discounts info Yes Yes
Inactivity Fee info No Yes
Execution: Agency Broker info No Yes
Execution: Market Maker info Yes Yes
Funding BlackBull Markets FXOpen
Minimum Deposit info $0 $100
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes Yes
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
ACH or SEPA Transfers info No No
Trading Platforms BlackBull Markets FXOpen
Proprietary Platform info No No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes Yes
cTrader info Yes No
DupliTrade info No No
ZuluTrade info Yes Yes
Trading Tools BlackBull Markets FXOpen
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields info 6 7
Charting - Indicators / Studies (Total) info 109 30
Charting - Drawing Tools (Total) info 60 15
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 Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Economic Calendar info Yes Yes
Research BlackBull Markets FXOpen
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info No Yes
Autochartist info Yes No
Trading Central (Recognia) info No No
TipRanks info No
Social Sentiment - Currency Pairs info Yes No
Economic Calendar info Yes Yes
Education BlackBull Markets FXOpen
Education (Forex or CFDs) info Yes No
Client Webinars info Yes No
Client Webinars (Archived) info Yes No
Videos - Beginner Trading Videos info Yes No
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) info Yes Yes
Major Forex Pairs BlackBull Markets FXOpen
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review BlackBull Markets Review
Overall BlackBull Markets FXOpen
Overall Rating info 4.5/5 Stars 3.5/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Range of Investments 5/5 Stars 3/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 3/5 Stars
Education 4/5 Stars 3/5 Stars
Trust Score info 78 76
Winner check_circle
Review BlackBull Markets Review
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