Written by ForexBrokers.com
In this head to head comparison of BlackBull Markets vs Libertex, 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 Libertex are both private online brokers, founded in 2014 and 1997 respectively, and neither is a bank or publicly listed company. In terms of trust, ForexBrokers.com rates BlackBull Markets at 77 out of 99, which falls in the average risk range, while Libertex scores slightly higher at 79, also in the average risk range.
Both brokers hold one Tier-1 license, which ForexBrokers.com considers highly trusted, but Libertex has the edge on regulation with one Tier-2 license while BlackBull Markets has none. If you are comparing the two for regulatory standing, Libertex has a small lead, though both sit in the same general trust category.
| Feature |
BlackBull Markets
|
Libertex
|
|---|---|---|
| Year Founded | 2014 | 1997 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 1 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When comparing commissions and fees, BlackBull Markets comes out ahead of Libertex for traders who want lower overall costs on its Prime and ECN accounts. BlackBull’s Standard account is commission-free, but its spreads are wider, while the Prime account offers tighter pricing with an all-in EUR/USD cost of about 0.76 pips, based on March 2024 data. The Prime account also has a $2,000 minimum deposit and charges $3 per side, while the ECN Institutional account is aimed at larger traders with a $20,000 minimum deposit and $2 per side commissions. BlackBull Markets earns 4.5 out of 5 stars and ranks #9 out of 36 brokers for commissions and fees.
Libertex is also competitively priced, especially on its main forex pairs, but its fees are a little less straightforward. The broker reported a recent EUR/USD spread of 0.3 pips, though this figure is based on a single trading day rather than a full monthly average. On top of the spread, Libertex charges commissions of 5 euros per side on its own platform, or 6 euros per side on MT4 and MT5, making the proprietary platform the cheaper option. Libertex also has a low $10 minimum deposit and a 10 euro inactivity fee that only starts after six months of no account activity. It is rated 4 out of 5 stars and ranked #21 out of 36 for commissions and fees.
Overall, BlackBull Markets is the better pick for traders focused on lower commissions and fees, especially in its Prime and ECN tiers, while Libertex may appeal to beginners who want a low entry deposit and simple account setup. Still, for cost-conscious active forex traders, BlackBull Markets has the edge in this category.
| Feature |
BlackBull Markets
|
Libertex
|
|---|---|---|
| Minimum Deposit | $0 | $10 |
| Average spread (EUR/USD) - Standard account | 1.16 | 0.3 |
| All-in Cost EUR/USD - Active | 0.76 | 1.3 |
| Non-wire bank transfer | Yes | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
BlackBull Markets offers a wider range of investments than Libertex overall, making it a stronger choice for traders who want more variety. It provides access to 26,000 tradeable symbols and 72 forex pairs, compared with Libertex’s 1,573 symbols and 46 forex pairs. Both brokers support forex trading as a CFD or spot contract, offer copy trading, and let clients trade cryptocurrency CFDs rather than buy actual crypto.
Where BlackBull Markets stands out most is in shares: it lets clients buy exchange-traded securities on both U.S. and international exchanges, while Libertex does not offer direct share dealing on either market. This broader market access helps explain why BlackBull Markets is rated 5 out of 5 for Range of Investments and ranked #7 out of 36 brokers by ForexBrokers.com, versus Libertex’s 4 out of 5 rating and #25 ranking.
| Feature |
BlackBull Markets
|
Libertex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 26000 | 1573 |
| Forex Pairs (Total) | 72 | 46 |
| U.S. Stocks (Shares) | Yes | No |
| Global Stocks (Non-U.S. Shares) | Yes | No |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | No | No |
| Cryptocurrency (CFDs) | 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.
BlackBull Markets and Libertex are closely matched when it comes to trading platforms and tools. Both brokers offer a free demo account for simulated trading, plus desktop software for Windows, web-based trading, copy trading, and the popular MetaTrader 4 and MetaTrader 5 platforms. Each also lets traders place orders directly from a price chart, which can make trading more convenient for active users. Neither broker offers a proprietary in-house platform, so traders will be relying on third-party or standard platform options rather than a custom-built system.
In ForexBrokers.com’s Trading Platforms and Tools review, both BlackBull Markets and Libertex earned 4 out of 5 stars. BlackBull Markets placed slightly higher overall, ranking #25 out of 36 brokers, while Libertex ranked #26. Since both brokers provide the same core platform features, the difference is small, but BlackBull Markets gets a narrow edge in the category.
| Feature |
BlackBull Markets
|
Libertex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | No | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 109 | 43 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
BlackBull Markets and Libertex both offer mobile trading apps for iPhone and Android, so either broker gives traders the flexibility to manage accounts on the go. Each app also includes stock or forex price alerts and watchlist symbol syncing, which means watchlists update across the mobile app and the online account. Both brokers are rated 4 out of 5 stars for mobile trading apps, and their ForexBrokers.com rankings are close as well, with Libertex at #27 and BlackBull Markets at #28 out of 36 brokers.
Where BlackBull Markets stands out is in charting tools. Its mobile app offers 30 technical studies, trendline drawing, and auto-saving for chart drawings, making it a better fit for traders who want more ways to analyze price movement on their phones. Libertex, by comparison, does not offer technical studies, trendline drawing, or auto-saving for drawings in its mobile app, so it may feel simpler for users who only need basic mobile trading features.
| Feature |
BlackBull Markets
|
Libertex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | Yes | Yes |
| Mobile Charting - Indicators / Studies | 30 | 0 |
| Mobile Charting - Draw Trendlines | Yes | No |
| Mobile Charting - Trendlines Autosave | Yes | No |
Dive deeper: Best Forex Trading Apps.
When it comes to market research, BlackBull Markets has the edge over Libertex. BlackBull Markets offers daily market commentary, Autochartist tools, sentiment data showing long and short positions, and an economic calendar, but it does not provide top-tier forex news from sources like Bloomberg or Reuters. Libertex, on the other hand, includes forex news from major sources, Trading Central tools, sentiment data, and an economic calendar, but it does not offer daily market commentary or Autochartist.
Both brokers cover the basics well, but BlackBull Markets is rated higher for research overall, with 4.5 out of 5 stars and a #17 ranking out of 36 brokers from ForexBrokers.com. Libertex is rated 4 out of 5 stars and ranks #25 out of 36. For traders who want more built-in research help, BlackBull Markets has a slight advantage, while Libertex stands out for its access to major news and Trading Central analysis.
| Feature |
BlackBull Markets
|
Libertex
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | No |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | No |
| Trading Central | No | Yes |
| Client sentiment data | Yes | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
BlackBull Markets is the stronger choice for beginners who want more help learning how to trade forex and CFDs. It offers forex and CFDs education, monthly live educational webinars, and at least 10 beginner videos, plus 10 advanced videos for traders who want to go further. That range of learning tools helps new traders start with the basics and continue building skills over time. BlackBull Markets is rated 4.5 out of 5 for Education and ranks #24 out of 36 brokers in the ForexBrokers.com Education category.
Libertex also offers forex and CFDs education, but it falls behind BlackBull Markets when it comes to beginner-friendly learning support. It does not provide monthly educational webinars, and it does not meet the benchmark of 10 beginner videos or 10 advanced videos. While its Education rating is still a solid 4 out of 5, it ranks lower at #33 out of 36 brokers. For beginners who want more video lessons and live teaching opportunities, BlackBull Markets is the better fit.
| Feature |
BlackBull Markets
|
Libertex
|
|---|---|---|
| Webinars | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | 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 Libertex. BlackBull Markets finished with an overall rank of #22, while Libertex finished with an overall rank of #32.
BlackBull Markets is a growing broker best known for its broad platform support, including MetaTrader, cTrader, TradingView, and copy trading tools, along with a large range of tradeable instruments.
| Feature |
BlackBull Markets
|
Libertex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 77 | 79 |
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When comparing BlackBull Markets vs Libertex, neither broker offers the ability to buy actual delivered cryptocurrency, but both do provide access to cryptocurrency CFDs for trading price movements without owning the underlying asset.
BlackBull Markets and Libertex both support ACH/SEPA transfers, Skrill, and bank wires for deposits and withdrawals, but Libertex has the added convenience of PayPal while BlackBull Markets does not.
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 | Libertex | |
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| Trust Score | 77 | 79 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | Libertex Review |
| Broker Screenshots | BlackBull Markets | Libertex | |
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| Broker Gallery (click to expand) |
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| Regulation | BlackBull Markets | Libertex | |
|---|---|---|---|
| Trust Score | 77 | 79 | |
| Year Founded | 2014 | 1997 | |
| 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 | 1 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | BlackBull Markets | Libertex | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (FSA Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | |||
| 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 | Libertex | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | No | Yes | |
| UAE (DFSA, FSRA, or CMA Authorised) | No | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | BlackBull Markets | Libertex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 26000 | 1573 | |
| Forex Pairs (Total) | 72 | 46 | |
| U.S. Stocks (Shares) | Yes | No | |
| Global Stocks (Non-U.S. Shares) | Yes | No | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | No | No | |
| Cryptocurrency (CFDs) | 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 | Libertex | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | 1.16 | 0.3 | |
| All-in Cost EUR/USD - Active | 0.76 | 1.3 | |
| Inactivity Fee | No | Yes | |
| Order execution: Agency | No | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | BlackBull Markets | Libertex | |
|---|---|---|---|
| Minimum Deposit | $0 | $10 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | Yes |
| Trading Platforms | BlackBull Markets | Libertex | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | No | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | Yes | No |
| Trading Tools | BlackBull Markets | Libertex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 109 | 43 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | No |
| Mobile Trading | BlackBull Markets | Libertex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | Yes | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 0 | |
| Mobile Charting - Draw Trendlines | Yes | No | |
| Mobile Charting - Trendlines Autosave | Yes | No | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | BlackBull Markets | Libertex | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | No | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | No | |
| Trading Central | No | Yes | |
| TipRanks | No | No | |
| Client sentiment data | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | BlackBull Markets | Libertex | |
|---|---|---|---|
| Webinars | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No |
| Major Forex Pairs | BlackBull Markets | Libertex | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | BlackBull Markets Review | Libertex Review |
| Overall | BlackBull Markets | Libertex | |
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| Trust Score | 77 | 79 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | Libertex Review |
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