Is BlackBull Markets better than Interactive Brokers? In our analysis of 23 international regulators across 50 brokers, BlackBull Markets is considered average-risk, with an overall Trust Score of 70 out of 99. Interactive Brokers is considered low-risk, with an overall Trust Score of 94 out of 99. Learn more about Trust Score.
ForexBrokers.com is committed to the highest ethical standards and reviews services independently. Advertiser Disclosure
Interactive Brokers vs BlackBull Markets 2021
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
|
|
|
Overall Rating
| Feature | Interactive Brokers | BlackBull Markets |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Trust Score | 99 | 70 |
| Interactive Brokers Review | BlackBull Markets Review | |
| 66% of retail CFD accounts lose money |
Regulation
| Feature | Interactive Brokers | BlackBull Markets |
| Trust Score | 99 | 70 |
|
Year Founded |
1977 | 2014 |
|
Publicly Traded (Listed) |
Yes | No |
|
Bank |
No | No |
|
Tier-1 Licenses |
6 | 0 |
|
Tier-2 Licenses |
1 | 1 |
|
Tier-3 Licenses |
0 | 0 |
|
Authorised in the European Union |
Yes | No |
Tier-1 Licenses (High Trust)
| Feature | Interactive Brokers | BlackBull Markets |
|
ASIC Authorised (Australia) |
Yes | No |
|
IIROC Authorised (Canada) |
Yes | No |
|
SFC Authorised (Hong Kong) |
Yes | No |
|
FSA Authorised (Japan) |
Yes | No |
|
MAS Authorised (Singapore) |
Yes | No |
|
FINMA Authorised (Switzerland) |
Yes | No |
|
FCA Authorised (UK) |
Yes | No |
|
CFTC Registered (USA) |
Yes | No |
Tier-2 Licenses (Average Trust)
| Feature | Interactive Brokers | BlackBull Markets |
|
CBRC Authorised (China) |
No | No |
|
CySEC Authorised (Cyprus) |
No | No |
|
CBI Authorised (Ireland) |
No | No |
|
ISA Authorised (Israel) |
No | No |
|
FMA Authorised (New Zealand) |
No | Yes |
|
CBR Authorised (Russia) |
No | No |
|
FSCA Authorised (South Africa) |
No | No |
|
SEC Authorised (Thailand) |
No | No |
Tier-3 Licenses (Low Trust)
| Feature | Interactive Brokers | BlackBull Markets |
| SCB Authorised (Bahamas) | No | No |
| IFSC Authorised (Belize) | No | No |
| BMA Authorised (Bermuda) | No | No |
|
FSC Authorised (British Virgin Islands) |
No | No |
|
FSC Authorised (Mauritius) |
No | No |
Investments
| Feature | Interactive Brokers | BlackBull Markets |
|
Forex Trading |
Yes | Yes |
|
CFD Trading |
Yes | Yes |
|
Tradeable Symbols (Total) |
7400 | 281 |
|
Forex Pairs (Total) |
105 | 30 |
|
US Stock Trading (Non CFD) |
Yes | No |
|
Int'l Stock Trading (Non CFD) |
Yes | No |
|
Cryptocurrency (Physical) |
Yes | No |
|
Cryptocurrency (CFD) |
No | No |
|
Social Trading / Copy-Trading |
No | Yes |
Cost
| Feature | Interactive Brokers | BlackBull Markets |
|
Average Spread EUR/USD - Standard |
N/A | 0.76 |
|
All-in Cost EUR/USD - Active |
N/A | 0.76 |
|
Active Trader or VIP Discounts |
Yes | Yes |
|
Execution: Agency Broker |
Yes | No |
|
Execution: Market Maker |
No | Yes |
Funding
| Feature | Interactive Brokers | BlackBull Markets |
|
Minimum Deposit |
$0 | $200 |
|
Bank Wire (Deposit/Withdraw) |
Yes | Yes |
|
Visa/Mastercard (Credit/Debit) |
No | Yes |
|
PayPal (Deposit/Withdraw) |
No | No |
|
Skrill (Deposit/Withdraw) |
No | Yes |
Trading Platforms
| Feature | Interactive Brokers | BlackBull Markets |
|
Proprietary Platform |
Yes | No |
|
Desktop Platform (Windows) |
Yes | Yes |
|
Web Platform |
Yes | Yes |
|
Social Trading / Copy-Trading |
No | Yes |
|
MetaTrader 4 (MT4) |
No | Yes |
|
MetaTrader 5 (MT5) |
No | No |
|
cTrader |
No | No |
|
DupliTrade |
No | No |
|
ZuluTrade |
No | No |
Trading Tools
| Feature | Interactive Brokers | BlackBull Markets |
|
Virtual Trading (Demo) |
Yes | Yes |
|
Alerts - Basic Fields |
Yes | Yes |
|
Watchlists - Total Fields |
494 | MetaTrader (Default) |
|
Charting - Indicators / Studies (Total) |
127 | MetaTrader (Default) |
|
Charting - Drawing Tools (Total) |
7 | MetaTrader (Default) |
|
Charting - Trade From Chart |
Yes | Yes |
|
Charting - Drawings Autosave |
Yes | No |
|
Order Type - Trailing Stop |
Yes | No |
Mobile Trading
| Feature | Interactive Brokers | BlackBull Markets |
|
Android App |
Yes | Yes |
|
Apple iOS App |
Yes | Yes |
|
Alerts - Basic Fields |
Yes | Yes |
|
Watch List |
Yes | Yes |
|
Watch List Syncing |
Yes | No |
|
Charting - Indicators / Studies |
98 | MetaTrader (Default) |
|
Charting - Draw Trendlines |
No | Yes |
|
Charting - Trendlines Moveable |
No | No |
|
Charting - Multiple Time Frames |
Yes | Yes |
|
Charting - Drawings Autosave |
No | Yes |
|
Forex Calendar |
Yes | Yes |
Research
| Feature | Interactive Brokers | BlackBull Markets |
|
Daily Market Commentary |
Yes | Yes |
|
Forex News (Top-Tier Sources) |
Yes | No |
|
Weekly Webinars |
No | No |
|
Autochartist |
No | No |
|
Trading Central (Recognia) |
Yes | No |
|
Delkos Research |
No | No |
|
Social Sentiment - Currency Pairs |
Yes | No |
|
Economic Calendar |
Yes | Yes |
Education
| Feature | Interactive Brokers | BlackBull Markets |
|
Has Education - Forex or CFDs |
Yes | No |
|
Client Webinars |
Yes | No |
|
Client Webinars (Archived) |
Yes | Yes |
|
Videos - Beginner Trading Videos |
Yes | Yes |
|
Videos - Advanced Trading Videos |
Yes | No |
|
Investor Dictionary (Glossary) |
Yes | Yes |
Major Forex Pairs
| Feature | Interactive Brokers | 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 |
Overall
| Feature | Interactive Brokers | BlackBull Markets |
| Overall | ||
| Commissions & Fees | ||
| Offering of Investments | ||
| Platforms & Tools | ||
| Mobile Trading | ||
| Research | ||
| Education | ||
| Trust Score | 99 | 70 |
| Interactive Brokers Review | BlackBull Markets Review |
Comparing forex brokers side by side is no easy task. For our 2021 annual forex broker review, we spent hundreds of hours assessing 27 forex and CFD brokerages to find the best forex broker. Let's compare BlackBull Markets vs Interactive Brokers.
Does BlackBull Markets or Interactive Brokers offer lower pricing?
Comparing the trading costs of forex and CFDs is not easy. Not every broker publishes average spreads data, and pricing structures vary. Based on our thorough annual assessment, Interactive Brokers offers better pricing overall for traders.
Is BlackBull Markets or Interactive Brokers safer for forex and CFDs trading?
At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 20 international regulator databases. Here's our findings. Interactive Brokers holds 6 global Tier-1 licenses, while BlackBull Markets holds 0. Both BlackBull Markets and Interactive Brokers hold 1 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, Interactive Brokers earned a higher Trust Score than BlackBull Markets.
Which trading platform is better: BlackBull Markets or Interactive Brokers?
To compare the trading platforms of both BlackBull Markets and Interactive Brokers, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, Interactive Brokers offers a better experience. With research, Interactive Brokers offers superior market research. Finally, we found Interactive Brokers to provide better mobile trading apps.
What about MetaTrader and copy trading?
For forex and CFDs traders, copy trading and MetaTrader are both popular platform options. While BlackBull Markets offers copy trading, Interactive Brokers does not. BlackBull Markets offers MetaTrader 4 (MT4), while Interactive Brokers does not.
How many forex pairs and CFDs are available to trade?
Interactive Brokers provides traders 105 currency pairs (e.g., EUR/USD) compared to BlackBull Markets's 30 available pairs. Forex pairs aside, Interactive Brokers offers traders access to 7400 CFDs while BlackBull Markets has 281 available CFDs, a difference of 7,119.
Can I trust BlackBull Markets?
BlackBull Markets is not publicly traded and does not operate a bank. BlackBull Markets is authorised by zero tier-1 regulators (high trust), one tier-2 regulator (average trust), and zero tier-3 regulators (low trust). BlackBull Markets is authorised by the following tier-2 regulators: New Zealand Financial Markets Authority (FMA).
Can I trust Interactive Brokers?
Interactive Brokers is publicly traded, does not operate a bank, and is authorised by six tier-1 regulators (high trust), zero tier-2 regulators (average trust), and zero tier-3 regulators (low trust). Interactive Brokers is authorised by the following tier-1 regulators: Investment Industry Regulatory Organization of Canada (IIROC), Securities Futures Commission (SFC), Japanese Financial Services Authority (JFSA), Financial Conduct Authority (FCA), Monetary Authority of Singapore (MAS), and the Commodity Futures Trading Commission (CFTC).
Is BlackBull Markets good?
With just MetaTrader 4 available alongside a handful of social copy trading platforms, BlackBull Markets offers a limited product range and struggles to compete with industry-leading forex brokers
Is Interactive Brokers good?
Professional forex and CFD traders seeking a global multi-asset broker will find Interactive Brokers offers a sophisticated, institutional grade trading platform, and competitive fees.
Overall winner: Interactive Brokers
Read Next: Best Forex Brokers 2021
Related Comparisons
- BlackBull Markets vs. Moneta Markets
- BlackBull Markets vs. Pepperstone
- BlackBull Markets vs. VT Markets
- Interactive Brokers vs. FXCM
- Interactive Brokers vs. IG
- Interactive Brokers vs. TD Ameritrade
Trading CFDs, FX, and cryptocurrencies involve a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published website as of 12/14/2020 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.
The names, products, services, branding/logos, and other trademarks or images featured or cited within this Website (www.forexbrokers.com) are the property of their respective owners and the owners retain all legal rights therein. These trademark holders are not affiliated with ForexBrokers.com and the use or display of names, trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, or endorses ForexBrokers.com or any of its reviews, products, or services. ForexBrokers.com declares no affiliation, sponsorship, nor any partnership with any trademark holders unless otherwise stated.
