Written by ForexBrokers.com
In this head to head comparison of OANDA vs BlackBull Markets, 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.
When considering online brokers, OANDA and BlackBull Markets stand out for different reasons. Founded in 1996, OANDA has established itself as a highly trusted broker, boasting a ForexBrokers.com Trust Score of 93 out of 99. This high score is largely attributed to OANDA holding seven Tier-1 licenses, known for their strong regulatory trust. Although not a bank and not publicly traded, OANDA's long track record and regulatory credentials speak to its credibility in the online trading arena.
In contrast, BlackBull Markets, founded in 2014, carries a Trust Score of 78 out of 99, classifying it as average risk according to ForexBrokers.com. While it's not publicly traded or a bank, BlackBull Markets has made significant strides in the industry. The company holds one Tier-1 license, which adds a layer of reliability. Though newer and with fewer licenses compared to OANDA, BlackBull Markets continues to cater effectively to traders looking for a trustworthy option.
| Feature |
OANDA
|
BlackBull Markets
|
|---|---|---|
| Year Founded | 1996 | 2014 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 7 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 1 |
When comparing OANDA and BlackBull Markets in terms of commissions and fees, both brokers offer unique advantages tailored to different trading preferences. OANDA, with a 4-star rating, is ranked 34th out of 63 brokers in the Commissions and Fees category. It offers automated execution, but trading costs can be relatively high with spreads that are slightly broader than more competitive brokers. While the core pricing option at OANDA can provide some savings, with an all-in cost of about 1.4 pips on the EUR/USD pair, it requires a $10,000 minimum deposit. OANDA caters to various trader needs with features like micro lot trading and rebates for active traders.
BlackBull Markets, on the other hand, receives a higher rating of 4.5 stars and ranks 18th in the same category. This broker provides competitive trading costs, especially for those using the Prime account, which offers an average all-in cost of 0.76 pips on the EUR/USD, factoring in its commission. The Prime account, however, requires a $2,000 deposit. BlackBull also offers a commission-free Standard account with no minimum deposit, although it comes with higher spreads, and an ECN Institutional account designed for significant traders willing to deposit $20,000, offering lower commission rates.
Both brokers present a suite of options, making them suitable for different trading strategies and levels of engagement. OANDA is notably transparent with a unique pricing structure that appeals to those valuing execution and flexibility, while BlackBull Markets stands out with its slightly lower costs for active traders, supported by a range of account options to fit varied trading styles.
| Feature |
OANDA
|
BlackBull Markets
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | 1.61 | 0.71 |
| All-in Cost EUR/USD - Active | 1.61 | 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 offered by OANDA and BlackBull Markets, traders will find distinct advantages with each platform. OANDA delivers an impressive selection of 3,928 tradeable symbols, with a specific focus on 68 forex pairs, and the flexibility of spot and CFD forex trading. It also allows users to engage in copy trading and provides options for direct cryptocurrency purchases, making it an appealing choice for those interested in diverse currency markets and cryptocurrencies. However, OANDA doesn't provide access to exchange-traded securities on U.S. or international exchanges, which might limit options for those interested in stock market investments.
On the other hand, BlackBull Markets stands out with an extensive offering of 26,000 tradeable symbols, including 72 forex pairs available through CFD trading. It's advantageous for traders looking to invest in stocks, as it offers exchange-traded securities on both U.S. and international exchanges, opening opportunities to diversify portfolios with major companies like Apple and Vodafone. While BlackBull Markets does not support actual cryptocurrency transactions, it accommodates the trading of cryptocurrency derivatives, maintaining broad investment capabilities. BlackBull Markets is highly rated at 5 stars for its range of investments, ranking #6 out of 63 brokers, compared to OANDA's 4 stars and #27 ranking, making it a noteworthy option for investors seeking a comprehensive trading environment.
| Feature |
OANDA
|
BlackBull Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 3928 | 26000 |
| Forex Pairs (Total) | 68 | 72 |
| U.S. Stock Trading (Non CFD) | No | Yes |
| Int'l Stock Trading (Non CFD) | No | Yes |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | Yes | 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 it comes to selecting a trading platform, both OANDA and BlackBull Markets offer features suited for a wide array of traders. OANDA provides a proprietary platform developed in-house, catering to traders who appreciate unique experiences tailored by the broker itself, while BlackBull Markets sticks with well-known industry standard platforms. Both brokers offer simulated trading accounts, making it easier for newcomers to practice their skills before committing real money. Users of both brokers can download a Windows-based platform and access trading through a web browser, offering flexibility no matter where you are. Both platforms also offer copy trading, allowing traders to mimic strategies from seasoned pros, and support MetaTrader 4 and MetaTrader 5 for those looking for traditional trading environments.
One distinguishing factor is OANDA's advantage in charting tools, providing an impressive 431 drawing tools compared to BlackBull Markets' 60. Though both offer the ability to trade directly from charts and have equivalent watch list columns, OANDA boasts a strong edge in chart technical capabilities. BlackBull Markets, however, offers ZuluTrade, expanding social trading options, which OANDA does not. Both platforms score equally in overall star rating with four stars for trading platforms and tools. Despite this, OANDA is positioned higher in ForexBrokers.com rankings at number 15 compared to BlackBull Markets at 29 out of 63 brokers, hinting at a slight edge in user preference for trading platforms and tools.
| Feature |
OANDA
|
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) | 81 | 109 |
| Charting - Drawing Tools (Total) | 431 | 60 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 6 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
When comparing the mobile trading apps of OANDA and BlackBull Markets, both platforms provide essential features for traders using iPhone and Android devices. Both apps offer price alerts for stocks and forex, the ability to draw trendlines, view charts with multiple time frames, and create watchlists with real-time quotes. However, a key distinction lies in the watchlist symbol syncing feature. BlackBull Markets allows synchronization between mobile apps and online accounts, ensuring seamless updates across devices, whereas OANDA does not offer this feature.
Chart enthusiasts will appreciate that both OANDA and BlackBull Markets include 30 technical studies, alongside the capability to auto-save chart drawings. Despite these similarities, OANDA edges ahead with a higher user satisfaction, receiving a 5-star rating for its mobile trading app compared to BlackBull's 4-star rating. Additionally, OANDA is ranked #7 out of 63 brokers by ForexBrokers.com, while BlackBull Markets is positioned at #31, reflecting a notable difference in favorability and user preference.
| Feature |
OANDA
|
BlackBull Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 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.
When comparing OANDA and BlackBull Markets for market research, both brokers provide daily market commentary to keep traders informed with timely insights. However, OANDA takes a step further by offering forex news sourced from top-tier outlets such as Bloomberg, Reuters, and Dow Jones, a feature that BlackBull Markets does not provide. Both platforms equip traders with Autochartist's technical or fundamental analysis tools, offering valuable resources for informed decision-making. While neither broker offers Trading Central tools, they do provide sentiment-based trading tools that indicate the ratio of long and short positions across currency pairs or other instruments.
Both OANDA and BlackBull Markets present economic calendars that highlight global news events to aid in market timing. Despite some similarities, OANDA emerges as the more comprehensive choice based on ForexBrokers.com rankings, holding the fifth spot in research out of 63 brokers with a five-star rating. In contrast, BlackBull Markets ranks 18th, with a four-star rating. While neither broker includes research from companies like TipRanks or Acuity Trading, OANDA's superior news sources and higher research rating make it a more attractive option for traders seeking detailed market analysis.
| Feature |
OANDA
|
BlackBull Markets
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | No | 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 OANDA and BlackBull Markets, both platforms provide an excellent foundation for novice traders. Each broker offers at least 10 educational pieces focused on forex or CFDs, which include articles, videos, and archived webinars. They also host online webinars for clients monthly and maintain searchable archives of past sessions. This makes it convenient for beginners to learn at their own pace. Additionally, both OANDA and BlackBull Markets offer beginner-friendly video content, ensuring at least 10 videos are tailored specifically to new traders’ needs. This focus on accessible education helps traders build their skills from the ground up.
In terms of advanced content, both OANDA and BlackBull Markets supply more than 10 videos aimed at experienced traders, allowing for a smooth transition as traders gain proficiency. Both brokers provide an investor dictionary containing over 50 investment terms, which is an excellent resource for understanding trading jargon. Despite the similarities, OANDA edges ahead with a 5-star education rating compared to BlackBull Markets' 4 stars. Moreover, OANDA is ranked #22 in the Education category by ForexBrokers.com, placing it ahead of BlackBull Markets, which is ranked #29 out of 63 brokers. This suggests OANDA provides a slightly more comprehensive educational experience for traders at all levels.
| Feature |
OANDA
|
BlackBull Markets
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | Yes |
| Client Webinars (Archived) | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
| Investor Dictionary (Glossary) | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that OANDA is better than BlackBull Markets. OANDA finished with an overall rank of #12, while BlackBull Markets finished with an overall rank of #24.
A trusted global brand, OANDA stands out for its reputation and quality market research. Its regulatory track record is strong, and its support for third-party features bolsters its overall offering.
| Feature |
OANDA
|
BlackBull Markets
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 93 | 78 |
| Range of Investments |
|
|
| Commissions & Fees |
|
|
| Platforms & Tools |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
OANDA allows you to buy both actual delivered cryptocurrency and cryptocurrency derivatives, whereas BlackBull Markets only offers the ability to buy cryptocurrency derivatives, not the actual delivered cryptocurrency.
When comparing online brokers OANDA and BlackBull Markets, OANDA stands out by offering a broader range of deposit and withdrawal options including ACH or SEPA transfers, PayPal, Skrill, Visa or Mastercard, and bank wires, whereas BlackBull Markets also supports Skrill, Visa or Mastercard, and bank wires, but lacks support for ACH, SEPA transfers, and PayPal.
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | OANDA | BlackBull Markets | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 93 | 78 | |
| Winner | check_circle | ||
| Review | OANDA Review | BlackBull Markets Review |
| Broker Screenshots | OANDA | BlackBull Markets | |
|---|---|---|---|
| Trading Platforms Gallery (click to expand) |
|
| |
| Mobile Trading Gallery (click to expand) |
|
| |
| Research Gallery (click to expand) |
|
| |
| Education Gallery (click to expand) |
|
|
| Regulation | OANDA | BlackBull Markets | |
|---|---|---|---|
| Trust Score | 93 | 78 | |
| Year Founded | 1996 | 2014 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 7 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 1 |
| Tier-1 Licenses (Highly Trusted) | OANDA | BlackBull Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | Yes | No | |
| Canada (CIRO Authorised) | Yes | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | Yes | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | No | No | |
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | Yes | No | |
| New Zealand (FMA Authorised) | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | OANDA | BlackBull Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | No | No | |
| 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) | No | No |
| Investments | OANDA | BlackBull Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 3928 | 26000 | |
| Forex Pairs (Total) | 68 | 72 | |
| U.S. Stock Trading (Non CFD) | No | Yes | |
| Int'l Stock Trading (Non CFD) | No | Yes | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | Yes | 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 | OANDA | BlackBull Markets | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 1.61 | 0.71 | |
| All-in Cost EUR/USD - Active | 1.61 | 0.71 | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | Yes | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | OANDA | BlackBull Markets | |
|---|---|---|---|
| Minimum Deposit | $0 | $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 | OANDA | 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 | No | Yes | |
| DupliTrade | No | No | |
| ZuluTrade | No | Yes |
| Trading Tools | OANDA | BlackBull Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 6 | |
| Charting - Indicators / Studies (Total) | 81 | 109 | |
| Charting - Drawing Tools (Total) | 431 | 60 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | OANDA | BlackBull Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 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 | OANDA | BlackBull Markets | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | OANDA | BlackBull Markets | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | Yes | |
| Client Webinars (Archived) | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | OANDA | 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 | OANDA Review | BlackBull Markets Review |
| Overall | OANDA | BlackBull Markets | |
|---|---|---|---|
| Overall Rating |
|
| |
| Commissions & Fees |
|
| |
| Range of Investments |
|
| |
| Platforms & Tools |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 93 | 78 | |
| Winner | check_circle | ||
| Review | OANDA Review | BlackBull Markets Review |
IG
CMC Markets
FOREX.com
XTB
eToro
AvaTrade
Plus500
Pepperstone
FP Markets
Tickmill