Written by ForexBrokers.com
In this head to head comparison of BlackBull Markets vs iFOREX, 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.
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 | 2014 | 1996 |
| 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 evaluating BlackBull Markets and iFOREX in terms of trading commissions and fees, BlackBull Markets stands out as a more favorable choice for cost-conscious traders. With a 4.5-star rating and ranked 18th out of 63 brokers by ForexBrokers.com, BlackBull Markets offers average trading costs with a variety of account types to suit different needs. The Standard account is commission-free, though it has higher spreads, while the Prime account, which ranks as a preferred choice due to its lower spreads, requires a $2,000 minimum deposit and charges a commission of $6 per round turn per lot traded. For more active traders, the ECN Institutional account demands a $20,000 deposit with lower commission fees of $4 per round turn.
In contrast, iFOREX does not provide specific average spread data, which could make cost evaluation less transparent for potential users. With a 3-star rating and positioned at 61st out of 63 brokers by ForexBrokers.com, iFOREX may be less appealing when it comes to trading costs. The lack of detailed fee structure compared to BlackBull Markets potentially places iFOREX at a disadvantage for traders who are mindful of trading expenses and prefer clear cost expectations.
Overall, BlackBull Markets offers a competitive edge in terms of providing scalable account options with clear fee structures which can be particularly beneficial for traders aiming to minimize transaction costs. The diverse account offerings and clear cost outlines give BlackBull a strong position over iFOREX, especially for those who prioritize cost efficiency in their trading strategy.
| Feature |
BlackBull Markets
|
iFOREX
|
|---|---|---|
| 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 | Yes |
| 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 iFOREX both provide the option for forex trading as a CFD or spot contract. However, when comparing the breadth of investment offerings, BlackBull Markets holds a superior position. It boasts a staggering 26,000 tradeable symbols, significantly overshadowing iFOREX's 750. On the forex front, iFOREX offers a slightly larger selection with 88 tradeable pairs compared to BlackBull's 72. Despite this, BlackBull Markets offers exchange-traded securities on both U.S. and international exchanges, allowing clients to invest in well-known companies like Apple and Vodafone, whereas iFOREX does not offer such opportunities.
Additionally, BlackBull Markets provides copy trading, a feature not available with iFOREX. While neither broker allows the purchase of actual cryptocurrencies, both offer cryptocurrency derivatives. These distinctions contribute to BlackBull Markets' high rating of 5 stars for its range of investments, compared to iFOREX's 3.5 stars. Furthermore, BlackBull Markets is ranked 6th out of 63 brokers by ForexBrokers.com in the Range of Investments category, which is notably higher than iFOREX's 41st rank.
| Feature |
BlackBull Markets
|
iFOREX
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 26000 | 750 |
| Forex Pairs (Total) | 72 | 88 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | No |
| 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 the trading platforms and tools of BlackBull Markets and iFOREX, it's evident that each broker offers distinct features that cater to various trader preferences. BlackBull Markets provides a comprehensive range of options, including the popular MetaTrader 4 and MetaTrader 5 platforms, a Windows-based desktop download, and a web-based trading platform. They also offer a free virtual demo account for simulated trading, making it easier for users to practice their trading strategies risk-free. Furthermore, BlackBull Markets facilitates copy trading and supports ZuluTrade, enhancing its appeal to traders interested in social trading options. In terms of charting tools, BlackBull Markets offers 60 drawing tools and the capability to trade directly from stock charts, making it a versatile choice for chart enthusiasts.
On the other hand, iFOREX distinguishes itself with its proprietary in-house developed platform tailored to accommodate web-based trading. Unlike BlackBull Markets, iFOREX does not offer a virtual demo account or support MetaTrader options, which could be a consideration for traders accustomed to these tools. However, iFOREX features 25 drawing tools for charting and offers the ability to execute trades directly from the charts, like BlackBull Markets. While iFOREX excels with nine columns for watch lists, their rating and ranking for trading platforms and tools reflect some room for improvement, placed at #54 out of 63 brokers. Both brokers receive a four-star rating in this category, indicating a satisfactory performance from both, but BlackBull Markets ranks higher overall, positioned at #30 in the same evaluation.
| Feature |
BlackBull Markets
|
iFOREX
|
|---|---|---|
| Virtual Trading (Demo) | Yes | No |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 109 | 57 |
| Charting - Drawing Tools (Total) | 60 | 25 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 9 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of BlackBull Markets and iFOREX, both platforms are accessible on iPhone and Android devices. However, BlackBull Markets appears to offer more comprehensive features for traders on the go. This app enhances user experience by providing stock and forex price alerts, unlike iFOREX, which does not offer this feature. Furthermore, BlackBull Markets enables users to sync their watchlists seamlessly with their online accounts, ensuring any changes made are reflected across devices. Notably, BlackBull Markets supports 30 technical studies for charting—though such a feature isn't specified for iFOREX—and allows drawing trendlines and viewing charts across multiple time frames, with auto-save functionality for any drawings made.
For those keen on real-time quotes, BlackBull Markets also supports real-time watchlist creation, unlike iFOREX, which lacks this capability. Considering user ratings and industry rankings, both apps are rated 4 stars in terms of user satisfaction. However, BlackBull Markets holds a higher position, ranked at #32 out of 63 brokers by ForexBrokers.com, while iFOREX is situated at #55. This suggests that traders looking for a mobile trading app with extensive tools and features might find BlackBull Markets a more fitting option compared to iFOREX.
| Feature |
BlackBull Markets
|
iFOREX
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | No |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Multiple Time Frames | Yes | No |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | No |
Dive deeper: Best Forex Trading Apps.
When comparing BlackBull Markets to iFOREX in terms of market research, both offer commendable services but differ in specific features. BlackBull Markets provides daily market commentary and integrates Autochartist tools for technical and fundamental analysis, offering a sentiment-based trading tool as well. Although it lacks prestigious forex news sources like Bloomberg or Reuters, it compensates with an economic calendar to keep traders informed. Rated 4 stars for research, BlackBull Markets ranks at #18 out of 63 brokers on ForexBrokers.com, highlighting its strong position in the market research domain.
iFOREX also delivers daily market commentary and holds its ground with Trading Central's analysis tools, which BlackBull Markets lacks. Like its competitor, it offers a sentiment-based trading tool and an economic calendar; however, iFOREX does not provide insights from Autochartist or major forex news outlets. With a 3.5-star rating for research, iFOREX ranks #48 out of 63 brokers on ForexBrokers.com. This positions iFOREX as a competent choice for traders seeking robust tools from Trading Central, even though it trails behind BlackBull Markets in overall market research offerings.
| Feature |
BlackBull Markets
|
iFOREX
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | No |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | |
| Signal Centre (Acuity Trading) | No | |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, BlackBull Markets outshines iFOREX with a broader range of options. BlackBull Markets provides a well-rounded collection of educational materials, including over 10 pieces focused specifically on forex and CFDs, alongside regular monthly webinars to keep clients informed. Their archived webinars are also easily accessible, offering a wealth of information at your fingertips. Their dedication extends to beginners with over 10 videos tailored to newcomers in the trading world. An added bonus is their comprehensive investor dictionary, which includes definitions of more than 50 investing terms, making complex concepts more approachable.
On the other hand, iFOREX offers fewer educational resources aimed at beginners compared to BlackBull Markets. While they do provide beginner videos on trading topics, their offerings are somewhat limited without regular client webinars or an accessible archive of past sessions. iFOREX also lacks advanced educational videos and an extensive investor dictionary, which may hinder learners seeking to deepen their expertise. With these differences, BlackBull Markets is rated higher for education, earning 4 stars and ranking 29th by ForexBrokers.com, compared to iFOREX's 3.5 stars and 53rd rank.
| Feature |
BlackBull Markets
|
iFOREX
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| 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 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
|
|---|---|---|
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| Trust Score | 78 | 75 |
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Both BlackBull Markets and iFOREX do not provide the option to purchase actual delivered cryptocurrency, but they do offer the ability to trade cryptocurrency derivatives.
While both BlackBull Markets and iFOREX do not support ACH or SEPA transfers for deposits or withdrawals, and both offer Skrill, Visa, Mastercard, and bank wires as options, only iFOREX provides the convenience of PayPal for its users.
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 | iFOREX | |
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| Trust Score | 78 | 75 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review |
| Broker Screenshots | BlackBull Markets | iFOREX | |
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| Broker Gallery (click to expand) |
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| Regulation | BlackBull Markets | iFOREX | |
|---|---|---|---|
| Trust Score | 78 | 75 | |
| Year Founded | 2014 | 1996 | |
| 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 | iFOREX | |
|---|---|---|---|
| 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) | |||
| 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 | iFOREX | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| 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) |
| Investments | BlackBull Markets | iFOREX | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 26000 | 750 | |
| Forex Pairs (Total) | 72 | 88 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| 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 | iFOREX | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | BlackBull Markets | iFOREX | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | No | |
| Alerts - Basic Fields | Yes | No | |
| Watchlists - Total Fields | 6 | 9 | |
| Charting - Indicators / Studies (Total) | 109 | 57 | |
| Charting - Drawing Tools (Total) | 60 | 25 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | BlackBull Markets | iFOREX | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | No | |
| Mobile Watchlist | Yes | No | |
| Watchlist Syncing | Yes | No | |
| Mobile Charting - Indicators / Studies | 30 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Multiple Time Frames | Yes | No | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | No |
| Research | BlackBull Markets | iFOREX | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | No | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | ||
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | BlackBull Markets | iFOREX | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | BlackBull Markets | iFOREX | |
|---|---|---|---|
| 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 | iFOREX | |
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| Trust Score | 78 | 75 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review |
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