Written by ForexBrokers.com
In this head to head comparison of FxPro vs BlackBull Markets, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.
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FxPro and BlackBull Markets are two prominent online brokers, each with distinct trust profiles and regulatory backgrounds. Founded in 2006, FxPro is a bank, enhancing its overall trustworthiness. It holds two Tier-1 licenses, a key marker of being highly trusted, and one Tier-2 license, suggesting additional credibility. Its commitment to client security and transparency is reflected in a high Trust Score of 93 according to ForexBrokers.com. Despite not being publicly traded, FxPro's regulatory standing and bank status significantly contribute to its reliability.
Established in 2014, BlackBull Markets presents itself as a trusted broker with a Trust Score of 78. While not a bank and lacking Tier-2 licenses, it holds one Tier-1 license, indicating a level of high trust recognition. While it might not match FxPro's regulatory depth, BlackBull Markets demonstrates a commitment to trust and service, bolstered by its operating history since its founding year. The focus on securing regulatory licenses and ensuring client protection is evident, aiming to establish confidence among traders despite not being listed on a stock exchange.
| Feature |
FxPro
|
BlackBull Markets
|
|---|---|---|
| Year Founded | 2006 | 2014 |
| Publicly Traded (Listed) | No | No |
| Bank | Yes | No |
| Tier-1 Licenses | 2 | 1 |
| Tier-2 Licenses | 1 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 2 | 1 |
When it comes to commissions and fees, FxPro and BlackBull Markets present distinct offerings for traders. FxPro’s pricing is relatively higher than the industry average, particularly when placed against competitors such as Pepperstone or IC Markets, despite offering both MetaTrader and cTrader platforms. FxPro MT4 users can opt for variable or fixed spreads, with variable spreads offering instant or market execution. On the cTrader platform, spreads are more competitive but users must account for commissions. The effective spread for trading the EUR/USD pair on cTrader is about 1.27 pips, combining an average spread of 0.37 pips and a commission equivalent of 0.9 pips. FxPro boasts a rating of 4 out of 5 stars for commissions and fees from ForexBrokers.com and is ranked 32nd out of 62 brokers in this category.
In contrast, BlackBull Markets' trading costs are on par with the industry average, varying by account type. For instance, the Prime account offers an average EUR/USD spread of 0.16 pips, leading to an all-in cost of 0.76 pips after adding a $6 commission per 10,000 traded. This sets it apart as a favorable choice compared to the Standard account, which is commission-free and requires no minimum deposit but has higher spreads. The Prime account mandates a $2,000 deposit and charges $3 per side in commission. Additionally, BlackBull’s ECN Institutional account caters to active traders with deposits of at least $20,000, featuring lower commission rates of $2 per side. BlackBull Markets shines with a 4.5 out of 5-star rating and ranks 18th out of 62 brokers for commissions and fees.
In summary, BlackBull Markets tends to offer more competitive pricing for traders seeking lower spreads with its tiered account options and ranked slightly higher in terms of commissions and fees. Meanwhile, FxPro, while versatile with its platform offerings, may appeal more to traders valuing its unique execution options despite higher average costs.
| Feature |
FxPro
|
BlackBull Markets
|
|---|---|---|
| Minimum Deposit | $100 | $0 |
| Average Spread EUR/USD - Standard | 1.51 | 0.71 |
| All-in Cost EUR/USD - Active | 1.27 | 0.71 |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | 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 the range of investments available through FxPro and BlackBull Markets, several key differences stand out. Both platforms allow for forex trading via CFDs or spot contracts. FxPro offers access to 2,249 tradeable symbols, including 70 forex pairs, whereas BlackBull Markets provides a significantly larger selection with 26,000 tradeable symbols and 72 forex pairs. While neither broker facilitates the purchase of actual cryptocurrencies, both offer cryptocurrency derivatives. For those interested in copy trading, both FxPro and BlackBull Markets support this feature.
One notable distinction between the two is in stock trading. BlackBull Markets allows clients to buy exchange traded securities on U.S. exchanges, such as Apple shares, which is an option not provided by FxPro. Both brokers do offer exchange traded securities on international exchanges. In terms of rating, FxPro earns 4 stars for its range of investments, ranking at #28 out of 62 brokers surveyed by ForexBrokers.com. In contrast, BlackBull Markets receives a 5-star rating, ranking impressively at #6 in the same category, reflecting a more extensive array of investment choices.
| Feature |
FxPro
|
BlackBull Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 2249 | 26000 |
| Forex Pairs (Total) | 70 | 72 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | Yes | Yes |
| 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.
Both FxPro and BlackBull Markets are appealing choices for traders seeking top-tier trading platforms and tools. Each offers a free virtual demo account for simulated trading, aiding newcomers and seasoned traders in honing their skills without financial risk. One key difference is that FxPro provides a proprietary platform developed in-house, while BlackBull Markets does not. Both brokers offer Windows desktop download platforms as well as web-based trading options, ensuring flexibility in how users access their accounts. They also support popular platforms MetaTrader 4 and MetaTrader 5, catering to traders who prefer these widely used tools. Additionally, both allow trading directly from stock charts and provide equally robust watch lists with six columns for personalized monitoring.
When it comes to social trading features, both FxPro and BlackBull Markets offer copy trading capabilities. However, BlackBull Markets goes a step further by supporting ZuluTrade, which is not available with FxPro. In terms of charting tools, FxPro offers 25 drawing tools, while BlackBull Markets stands out with a more extensive selection of 60 drawing tools. With both brokers garnering a four-star rating for their trading platforms and tools, FxPro ranks slightly higher—17th compared to BlackBull Markets' 29th—out of 62 brokers reviewed by ForexBrokers.com. This suggests that while both provide compelling options for traders, FxPro might have an edge in terms of overall platform quality and features.
| Feature |
FxPro
|
BlackBull Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | Yes | 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 | No | Yes |
| Charting - Indicators / Studies (Total) | 53 | 109 |
| Charting - Drawing Tools (Total) | 25 | 60 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 6 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
FxPro and BlackBull Markets both provide comprehensive mobile trading apps available for iPhone and Android users. Each app allows traders to receive essential stock and forex price alerts and manage synchronized watchlists that stay updated between the mobile app and the client's online account. Users of both mobile platforms can access multiple timeframes and draw trendlines on charts, with every modification auto-saved for convenience in future sessions. Traders also have the ability to create watchlists with real-time quotes, enhancing their ability to react quickly to market changes.
When it comes to charting capabilities, FxPro sets itself apart by offering 65 technical studies compared to BlackBull Markets' 30. This may provide more in-depth analysis options for those who rely heavily on technical data. In terms of user ratings, the FxPro mobile app garners a slightly higher rating of 4.5 out of 5 stars, compared to BlackBull Markets' 4 stars. This is reflected in their rankings by ForexBrokers.com, with FxPro placed at #15 and BlackBull Markets at #31 out of 62 brokers in the Mobile Trading Apps category. For users seeking a feature-rich mobile trading experience, these factors might tip the scale in favor of FxPro.
| Feature |
FxPro
|
BlackBull Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 65 | 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.
Both FxPro and BlackBull Markets are diligent in providing daily market commentary, catering to traders looking for timely insights. While both brokers serve the basics with reliable economic calendars to track global news events, FxPro stands out with its inclusion of forex news from top-tier sources such as Bloomberg, Reuters, and Dow Jones. On the other hand, BlackBull Markets differentiates itself by offering technical analysis tools from Autochartist, a popular tool among traders.
FxPro also enhances its trading arsenal with resources from Trading Central, providing detailed technical analytics, whereas BlackBull Markets does not. Both brokers offer sentiment-based trading tools, which gauge market biases through long or short position ratios. Rated four out of five stars in research by ForexBrokers.com, BlackBull Markets edges ahead with a ranking of 18, whereas FxPro holds the 26th spot among 62 evaluated brokers, indicating a solid offering in market research, albeit with different strengths.
| Feature |
FxPro
|
BlackBull Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | No | Yes |
| Trading Central (Recognia) | Yes | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners between FxPro and BlackBull Markets, there are notable differences that can guide new traders in their decision-making. Both brokers provide a strong foundation in forex and CFDs education, with each offering over ten educational pieces such as articles, videos, or archived webinars. FxPro and BlackBull Markets stand out by offering searchable archives of recorded webinars, providing users the flexibility to learn at their own pace. They also furnish learners with an investor dictionary containing definitions of over 50 investing terms, which can be particularly helpful for beginners in mastering the fundamentals.
While both brokers deliver more than ten beginner-friendly educational videos, BlackBull Markets offers further depth by including over ten advanced videos for seasoned traders, something FxPro does not provide. Additionally, BlackBull Markets hosts monthly live webinars to keep their clients engaged and informed, whereas FxPro does not. Despite these differences, both platforms have received a four-star rating for education, reflecting their commitment to providing quality learning materials. In terms of rankings, however, FxPro surpasses BlackBull Markets with a higher position in ForexBrokers.com’s education category, taking the 18th spot among 62 brokers compared to BlackBull's 29th. This distinction may make FxPro a slightly more attractive choice for those emphasizing educational resources while considering broker rankings.
| Feature |
FxPro
|
BlackBull Markets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | No | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | No | Yes |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 62 of the best forex brokers, our research and account testing finds that FxPro is better than BlackBull Markets. FxPro finished with an overall rank of #21, while BlackBull Markets finished with an overall rank of #24.
FxPro competes among the top MetaTrader brokers, featuring multiple account options and various execution methods. It provides its own proprietary FxPro Edge app – though it isn’t yet available for mobile – alongside access to the BnkPro app (which isn’t yet available in all regions).
| Feature |
FxPro
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BlackBull Markets
|
|---|---|---|
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| Trust Score | 93 | 78 |
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Both FxPro and BlackBull Markets enable investors to trade cryptocurrency derivatives, but neither platform offers the option to purchase actual (delivered) cryptocurrency.
FxPro stands out with its support for ACH or SEPA transfers and PayPal among its deposit and withdrawal methods, while both FxPro and BlackBull Markets offer Skrill, Visa or Mastercard, and bank wires, though BlackBull Markets lacks ACH, SEPA, and PayPal options.
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 | FxPro | BlackBull Markets | |
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| Trust Score | 93 | 78 | |
| Winner | check_circle | ||
| Review | FxPro Review | BlackBull Markets Review |
| Broker Screenshots | FxPro | BlackBull Markets | |
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| Regulation | FxPro | BlackBull Markets | |
|---|---|---|---|
| Trust Score | 93 | 78 | |
| Year Founded | 2006 | 2014 | |
| Publicly Traded (Listed) | No | No | |
| Bank | Yes | 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) | FxPro | BlackBull Markets | |
|---|---|---|---|
| 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) | Yes | 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) | FxPro | BlackBull Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA/Central Bank Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) | No | No |
| Investments | FxPro | BlackBull Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 2249 | 26000 | |
| Forex Pairs (Total) | 70 | 72 | |
| U.S. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | Yes | Yes | |
| 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 | FxPro | BlackBull Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.51 | 0.71 | |
| All-in Cost EUR/USD - Active | 1.27 | 0.71 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | Yes | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | FxPro | BlackBull Markets | |
|---|---|---|---|
| Minimum Deposit | $100 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | Yes | No |
| Trading Platforms | FxPro | BlackBull Markets | |
|---|---|---|---|
| Proprietary Platform | Yes | 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 | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | FxPro | BlackBull Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 6 | |
| Charting - Indicators / Studies (Total) | 53 | 109 | |
| Charting - Drawing Tools (Total) | 25 | 60 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | FxPro | BlackBull Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 65 | 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 | FxPro | BlackBull Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | No | Yes | |
| Trading Central (Recognia) | Yes | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | FxPro | BlackBull Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | No | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | No | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | FxPro | BlackBull Markets | |
|---|---|---|---|
| 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 | FxPro Review | BlackBull Markets Review |
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| Trust Score | 93 | 78 | |
| Winner | check_circle | ||
| Review | FxPro Review | BlackBull Markets Review |
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