BlackBull Markets vs iFOREX 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

Founded in 2014, BlackBull Markets is an online broker that, while not publicly traded or a bank, is recognized for its trustworthiness in the trading community. According to ForexBrokers.com, BlackBull Markets holds one Tier-1 license, which is highly trusted, and the platform has a Trust Score rating of 78 out of 99, categorizing it as average risk. This score suggests a stable and reliable trading environment, especially for traders who value regulatory oversight.

Established much earlier in 1996, iFOREX also provides online brokerage services and operates similarly as a private company without bank status. The firm holds one Tier-1 license, placing it among brokers with a certain level of credibility, but its Trust Score rating of 75 indicates average risk according to ForexBrokers.com. Like BlackBull Markets, iFOREX is not listed on any stock exchange. Both brokers offer trading platforms suitable for those prioritizing regulated structures but still involve some risk typical for brokerage businesses.

Feature	BlackBull Markets	iFOREX
Year Founded info	2014	1996
Publicly Traded (Listed) info	No	No
Bank info	No	No
Tier-1 Licenses info	1	1
Tier-2 Licenses info	0	0
Tier-3 Licenses info	0	0
Tier-4 Licenses info	1	1

Fees

BlackBull Markets charges fees that land around the industry average, and the account type you choose makes a big difference. The commission-free Standard account has no minimum deposit but comes with wider spreads. The Prime account requires a $2,000 minimum and adds a $3 per side ($6 round turn) commission in exchange for tighter pricing; in March 2024, its average EUR/USD spread was 0.16 pips, for about 0.76 pips all-in after commission. High-volume traders can consider the ECN Institutional account ($20,000 minimum) with a lower $2 per side ($4 round turn) commission. For Commissions & Fees, BlackBull Markets is rated 4.5/5 stars and ranked #19 out of 63 brokers.

iFOREX does not publish average spread figures, which makes direct cost comparisons harder. For Commissions & Fees, it holds a 3/5 star rating and ranks #62 out of 63 brokers. In short, BlackBull Markets provides clearer, more detailed pricing and generally sharper all-in costs on its Prime account, while iFOREX offers a simpler, spread-based approach but with less transparency on typical spreads.

Feature	BlackBull Markets	iFOREX
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
Non-wire bank transfer info	No	No
PayPal (Deposit/Withdraw) info	No	Yes
Skrill (Deposit/Withdraw) info	Yes	Yes
Bank Wire (Deposit/Withdraw) info	Yes	Yes

Dive deeper: Best Low Spread Forex Brokers.

Range of investments

Comparing the range of investments, BlackBull Markets offers about 26,000 tradeable symbols, while iFOREX lists about 750. In forex specifically, iFOREX has a slight edge with 88 currency pairs versus BlackBull’s 72, and both support forex trading as CFDs and/or spot contracts. Reflecting overall breadth, ForexBrokers.com rates BlackBull Markets 5 stars and ranks it #6 out of 63 brokers for Range of Investments, while iFOREX earns 3.5 stars and ranks #42.

Asset access differs in key ways: BlackBull Markets lets you buy exchange-traded stocks on U.S. and international exchanges (not just CFDs), an option iFOREX does not offer. BlackBull also supports copy trading, whereas iFOREX doesn’t. Neither broker enables purchasing actual cryptocurrency, but both provide cryptocurrency derivatives for market exposure. If you want the widest mix of assets including real shares and copy trading, BlackBull stands out; if your priority is a larger list of forex pairs, iFOREX may appeal.

Feature	BlackBull Markets	iFOREX
Forex Trading (Spot or CFDs) info	Yes	Yes
Tradeable Symbols (Total) info	26000	750
Forex Pairs (Total) info	72	88
U.S. Stock Trading (Non CFD) info	Yes	No
Int'l Stock Trading (Non CFD) info	Yes	No
Social Trading / Copy Trading info	Yes	No
Cryptocurrency (Underlying) 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).	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

Comparing trading platforms and tools, BlackBull Markets stands out for traders who want choice and flexibility. It supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), offers a Windows desktop download, provides copy trading, and includes a free demo account for practice. BlackBull also has a web-based trading platform and lets you place orders directly from charts. By contrast, iFOREX focuses on its own proprietary web platform and also supports trading from charts, but it does not offer MT4 or MT5, a Windows desktop platform, copy trading, or a free virtual demo.

Both brokers earn 4 stars for Trading Platforms and Tools, yet their category rankings differ at ForexBrokers.com: BlackBull Markets is #31 out of 63, while iFOREX is #55. In short, BlackBull Markets suits MetaTrader users and anyone who values a desktop app, copy trading, and paper trading. iFOREX may appeal to traders who prefer a straightforward, broker-built web platform without the extras.

Feature	BlackBull Markets	iFOREX
Virtual Trading (Demo) info	Yes	No
Proprietary Desktop Trading Platform info	No	Yes
Desktop Platform (Windows) info	Yes	No
Web Platform info	Yes	Yes
Social Trading / Copy Trading info	Yes	No
MetaTrader 4 (MT4) info	Yes	No
MetaTrader 5 (MT5) info	Yes	No
Charting - Indicators / Studies (Total) info	109	57
Charting - Trade From Chart info	Yes	Yes

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

Forex trading apps

BlackBull Markets and iFOREX both offer mobile trading apps for iPhone and Android, and each holds a 4-star rating for mobile trading. However, their standings differ: BlackBull Markets ranks #33 out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, while iFOREX ranks #56. This suggests BlackBull Markets edges ahead in overall mobile experience and features according to that source.

Feature-wise, BlackBull Markets provides price alerts, real-time quote watchlists, and watchlist syncing between the app and your online account—iFOREX does not. For charting, BlackBull Markets supports drawing trendlines, autosaves your drawings, and includes 30 technical indicators. iFOREX does not offer trendline drawing or autosave, and its indicator offering isn’t listed. Details about switching between multiple time frames weren’t specified for either app. If you value alerts, synced watchlists, and deeper chart tools on mobile, BlackBull Markets is the stronger fit, while iFOREX offers a simpler, more basic mobile setup.

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

Dive deeper: Best Forex Trading Apps.

Market research

Comparing market research at BlackBull Markets and iFOREX, both brokers deliver daily market commentary, an economic calendar, and a sentiment tool that shows long vs. short positions. Neither broker streams forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, so traders seeking integrated premium news will need outside services.

The key difference is in research add-ons: BlackBull Markets integrates Autochartist, while iFOREX provides Trading Central. BlackBull does not include TipRanks or Acuity Trading; iFOREX does not make clear if it includes TipRanks or Acuity Trading. Based on our data, BlackBull Markets earns 4 stars for Research and ranks #18 of 63 brokers, while iFOREX earns 3.5 stars and ranks #49. In short, choose BlackBull if you value Autochartist pattern and signal tools, or iFOREX if you prefer Trading Central’s analytics.

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

Dive deeper: Best Brokers for Forex Research.

Beginners and education

For beginner traders comparing education at BlackBull Markets vs. iFOREX, both brokers provide at least 10 beginner-focused video lessons on forex and CFD topics, making it easy to learn core concepts through short, simple tutorials. BlackBull Markets also runs monthly client webinars for ongoing learning, while iFOREX does not host regular educational webinars. Details about searchable archives of past webinars and whether either broker offers a large trading glossary were not provided in this comparison.

When it comes to depth and progression, BlackBull Markets adds at least 10 advanced trading videos, whereas iFOREX does not. That likely contributes to their education scores: BlackBull Markets earns 4 stars and ranks #29 out of 63 brokers for Education at ForexBrokers.com, while iFOREX earns 3.5 stars and ranks #53. If you want live sessions and a path from beginner to more advanced topics, BlackBull Markets has the edge. If you mainly want beginner video lessons, iFOREX covers the basics.

Feature	BlackBull Markets	iFOREX
Webinars info	Yes	No
Videos - Beginner Trading Videos info	Yes	Yes
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 iFOREX. BlackBull Markets finished with an overall rank of #24, while iFOREX finished with an overall rank of #52.

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	iFOREX
Overall Rating info
Trust Score info	78	75
Range of Investments
Commissions & Fees
Platforms & Tools
Research
Mobile Trading
Education

FAQs

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What funding options does each broker offer?

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Overall Rating	BlackBull Markets	iFOREX
Overall Rating info
Commissions & Fees
Range of Investments
Platforms & Tools
Mobile Trading
Research
Education
Trust Score info	78	75
Winner	check_circle
Review	BlackBull Markets Review

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

Regulation	BlackBull Markets	iFOREX
Trust Score info	78	75
Year Founded info	2014	1996
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	1
Tier-2 Licenses info	0	0
Tier-3 Licenses info	0	0
Tier-4 Licenses info	1	1

Tier-1 Licenses (Highly Trusted)	BlackBull Markets	iFOREX
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	iFOREX
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	iFOREX
Forex Trading (Spot or CFDs) info	Yes	Yes
Tradeable Symbols (Total) info	26000	750
Forex Pairs (Total) info	72	88
U.S. Stock Trading (Non CFD) info	Yes	No
Int'l Stock Trading (Non CFD) info	Yes	No
Social Trading / Copy Trading info	Yes	No
Cryptocurrency (Underlying) 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).	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	iFOREX
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
Inactivity Fee info	No	No
Order execution: Agency info	No	No
Order execution: Market Maker info	Yes	Yes

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

Trading Platforms	BlackBull Markets	iFOREX
Proprietary Desktop Trading Platform info	No	Yes
Desktop Platform (Windows) info	Yes	No
Web Platform info	Yes	Yes
Social Trading / Copy Trading info	Yes	No
MetaTrader 4 (MT4) info	Yes	No
MetaTrader 5 (MT5) info	Yes	No
cTrader info	Yes	No

Trading Tools	BlackBull Markets	iFOREX
Virtual Trading (Demo) info	Yes	No
Price Alerts info	Yes	No
Charting - Indicators / Studies (Total) info	109	57
Charting - Trade From Chart info	Yes	Yes
Charts can be saved info	Yes	No

Mobile Trading	BlackBull Markets	iFOREX
Android App info	Yes	Yes
Apple iOS App info	Yes	Yes
Mobile Price Alerts info	Yes	No
Mobile Watchlist info	Yes	No
Mobile Watchlists - Syncing info	Yes	No
Mobile Charting - Indicators / Studies info	30	N/A
Mobile Charting - Draw Trendlines info	Yes	No
Mobile Charting - Trendlines Autosave info	Yes	No
Mobile Research - Economic Calendar info	Yes	No

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

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

Major Forex Pairs	BlackBull Markets	iFOREX
GBP/USD [DELETED] info
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 [DELETED] info
Review	BlackBull Markets Review

Overall	BlackBull Markets	iFOREX
Overall Rating info
Commissions & Fees
Range of Investments
Platforms & Tools
Mobile Trading
Research
Education
Trust Score info	78	75
Winner	check_circle
Review	BlackBull Markets Review