Written by ForexBrokers.com
In this head to head comparison of BlackBull Markets vs FXPrimus, 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 and FXPrimus are both online brokerages that cater to forex traders, but they differ in several important ways. Founded in 2014, BlackBull Markets operates with one Tier-1 license, which is recognized as a highly trusted regulatory endorsement. FXPrimus, established earlier in 2009, similarly holds one Tier-1 license. According to ForexBrokers.com, BlackBull Markets has a Trust Score of 78, categorizing it as an average risk broker. Meanwhile, FXPrimus holds a slightly lower Trust Score of 71, still placing it in the average risk category.
Neither BlackBull Markets nor FXPrimus is publicly traded or functions as a bank. Both brokers provide platforms for traders but lack Tier-2 licenses, which are generally associated with trusted brokers. These risk factors, along with their non-public status, play significant roles in evaluating the potential credibility and reliability of each broker.
| Feature |
BlackBull Markets
|
FXPrimus
|
|---|---|---|
| Year Founded | 2014 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing BlackBull Markets and FXPrimus, there are notable differences in their commissions and fees. BlackBull Markets offers three different account types, with costs varying based on your selection. The Prime account at BlackBull Markets features an average spread of 0.16 on the EUR/USD pair, leading to an all-in cost of 0.76 pips after a per-side commission of 0.3 pips, or $6 per 10,000 traded. This makes the Prime account a preferred choice compared to their Standard account, which is commission-free but comes with higher spreads. The Prime account does require a minimum deposit of $2,000. For active traders able to deposit at least $20,000, the ECN Institutional account offers even lower commission rates. BlackBull Markets is highly rated with 4.5 stars and ranks 18th in commissions and fees out of 63 brokers.
FXPrimus, in contrast, does not provide average spread data. Despite this, it maintains a solid reputation with a 4-star rating for commissions and fees, ranking as the 42nd broker out of 63. While lacking detailed spread information, FXPrimus presents itself as a viable option for traders seeking competitive rates, though precise comparisons are challenging without specific spread data. Traders may need to further investigate if specific cost details are a priority.
| Feature |
BlackBull Markets
|
FXPrimus
|
|---|---|---|
| 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 | No |
| 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.
BlackBull Markets and FXPrimus both offer forex trading through CFDs or spot contracts, making them accessible choices for currency traders. However, when it comes to the range of investments, BlackBull Markets stands out significantly. With a staggering 26,000 tradable symbols, BlackBull Markets offers investors a wide array of trading options compared to FXPrimus's offering of just 140 symbols. Additionally, BlackBull Markets outshines FXPrimus with 72 tradable forex pairs compared to 42. Both brokers do provide the capability for trading in cryptocurrency derivatives, though neither supports the purchase of actual cryptocurrencies.
When investors are interested in trading exchange-traded securities on U.S. and international exchanges, BlackBull Markets is the clear choice, allowing access to popular stocks like Apple and Vodafone. FXPrimus does not provide this opportunity, which could be a limitation for those investors looking to diversify their portfolios further. Furthermore, both platforms support copy trading, accommodating users interested in mirroring successful trades. In terms of overall range of investments, BlackBull Markets earns a strong 5-star rating, ranking 6th out of 63 brokers, while FXPrimus receives a modest 3.5-star rating and is positioned at 59th, highlighting a noticeable difference in the investment opportunities offered by the two brokers.
| Feature |
BlackBull Markets
|
FXPrimus
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 26000 | 140 |
| Forex Pairs (Total) | 72 | 42 |
| 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). | 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 BlackBull Markets to FXPrimus in terms of trading platforms and tools, both brokers provide valuable features for online traders. They each offer demo accounts for beginners to get a feel for trading with virtual funds. BlackBull Markets sticks with well-known platforms by providing MetaTrader 4 and 5, web-based access, and a Windows-based desktop platform, ensuring versatility across devices. While they don't have a proprietary platform, they support popular social trading with ZuluTrade. FXPrimus, on the other hand, offers a unique experience with its in-house developed platform alongside MetaTrader integrations, also supporting web and desktop access, but lacks ZuluTrade support.
BlackBull Markets stands out in its charting capabilities, offering 60 drawing tools compared to FXPrimus's 15. Both brokers allow traders to execute trades directly from stock charts, catering to those who appreciate streamlined trading. For organizing market data, FXPrimus provides one extra column for watch lists, with a total of seven fields. In terms of performance, both companies have equal customer ratings of 4 out of 5 stars for their platforms and tools. Yet, according to ForexBrokers.com rankings, BlackBull Markets holds a more favorable spot at 29th compared to FXPrimus's 49th position out of 63 brokers.
| Feature |
BlackBull Markets
|
FXPrimus
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| 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 | No |
| 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.
When it comes to mobile trading apps, both BlackBull Markets and FXPrimus provide various features to enhance the user experience for forex and stock trading. Each platform offers dedicated apps for both iPhone and Android devices. Users can set up price alerts and enjoy similar charting capabilities, including 30 technical studies, drawing trendlines, and viewing multiple time frames. Additionally, both apps support real-time quotes for watchlists and automatically save drawings on stock or forex charts.
However, a notable difference between the two lies in watchlist synchronization. BlackBull Markets allows seamless syncing between the mobile app and the user's online account, ensuring updates are consistent across platforms. FXPrimus, while offering most of the same functionalities, lacks this syncing capability. Despite both earning a four-star rating for their mobile trading apps, BlackBull Markets is ranked #31, while FXPrimus stands at #48 out of 63 brokers according to ForexBrokers.com. This ranking suggests that BlackBull Markets may provide a slightly superior mobile trading experience in comparison.
| Feature |
BlackBull Markets
|
FXPrimus
|
|---|---|---|
| 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 | Yes |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing BlackBull Markets and FXPrimus for market research offerings, both brokers provide daily market commentary to assist traders in making informed decisions. However, neither broker extends their forex news feed with insights from top-tier media sources like Bloomberg or Reuters. Where BlackBull Markets stands out is in their collaboration with Autochartist, offering technical analysis tools that FXPrimus does not provide. Additionally, BlackBull Markets offers a sentiment-based trading tool that highlights market positioning, a feature absent from FXPrimus's offerings. Both brokers offer an economic calendar that helps track global economic events, enhancing the trade planning process.
Despite the shared features, BlackBull Markets scores higher overall with a research rating of 4 stars compared to FXPrimus's 3 stars, according to industry evaluations. This distinction is further emphasized by BlackBull Markets being ranked 18th among 63 brokers in the Research category by ForexBrokers.com, far ahead of FXPrimus, which sits at the 58th spot. The choice between the two may come down to the value traders place on exclusive analysis tools and overall research depth, areas in which BlackBull Markets has a competitive advantage.
| Feature |
BlackBull Markets
|
FXPrimus
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | No |
| 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 comparing BlackBull Markets and FXPrimus on the educational resources available to beginners, both brokers offer a solid foundation, including a variety of articles, videos, and archived webinars focusing on forex and CFDs. These resources make it easier for beginners to understand and navigate the trading landscape. Both companies also provide regular online educational webinars and maintain searchable archives of recorded sessions, allowing learners to access valuable information on demand. However, BlackBull Markets stands out by offering more comprehensive beginner resources, including over ten beginner-focused videos and an investor dictionary with definitions of key investing terms, ensuring that newcomers have a greater wealth of information at their fingertips.
In contrast, while FXPrimus provides fundamental educational materials, it does not match the breadth of beginner-specific content available at BlackBull Markets. For more advanced traders, BlackBull Markets excels again by offering over ten advanced videos, catering to those looking to deepen their knowledge and skills. This broader educational support is reflected in BlackBull Markets' higher educational rating of 4 stars compared to FXPrimus' 3 stars. Additionally, BlackBull Markets is notably ranked higher at #29 on ForexBrokers.com for educational offerings, while FXPrimus is positioned at #51. This suggests that for beginners seeking a more expansive educational suite, BlackBull Markets might be the more favorable choice.
| Feature |
BlackBull Markets
|
FXPrimus
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | No |
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 FXPrimus. BlackBull Markets finished with an overall rank of #24, while FXPrimus finished with an overall rank of #53.
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
|
FXPrimus
|
|---|---|---|
| Overall Rating |
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| Trust Score | 78 | 71 |
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Both BlackBull Markets and FXPrimus do not offer the ability to purchase actual delivered cryptocurrency, but they both offer the capability to trade in cryptocurrency derivatives.
Both BlackBull Markets and FXPrimus provide fund deposit and withdrawal options via Skrill, Visa or Mastercard, and bank wires, but neither offers ACH, SEPA transfers, nor PayPal.
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 | FXPrimus | |
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| Trust Score | 78 | 71 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review |
| Broker Screenshots | BlackBull Markets | FXPrimus | |
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| Regulation | BlackBull Markets | FXPrimus | |
|---|---|---|---|
| Trust Score | 78 | 71 | |
| Year Founded | 2014 | 2009 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | Yes | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | BlackBull Markets | FXPrimus | |
|---|---|---|---|
| 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 | No | |
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 26000 | 140 | |
| Forex Pairs (Total) | 72 | 42 | |
| 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). | 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 | FXPrimus | |
|---|---|---|---|
| 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 | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | BlackBull Markets | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| 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 | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | BlackBull Markets | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
|---|---|---|---|
| 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 | Yes | |
| Mobile Economic Calendar | Yes | Yes |
| Research | BlackBull Markets | FXPrimus | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | BlackBull Markets | FXPrimus | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | BlackBull Markets | FXPrimus | |
|---|---|---|---|
| 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 | FXPrimus | |
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| Trust Score | 78 | 71 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review |
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