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OANDA vs BlackBull Markets 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

Is OANDA better than BlackBull Markets? In our analysis of 23 international regulators across 39 of the best forex brokers, OANDA is considered low-risk, with an overall Trust Score of 92 out of 99. BlackBull Markets is considered average-risk, with an overall Trust Score of 74 out of 99. Learn more about Trust Score.

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Overall RatingOANDABlackBull MarketsIG
Overall Rating4.5 Stars4 Stars5 Stars
Commissions & Fees4 Stars4.5 Stars5 Stars
Offering of Investments3.5 Stars5 Stars5 Stars
Platform & Tools4 Stars4 Stars5 Stars
Mobile Trading4.5 Stars4 Stars5 Stars
Research4.5 Stars4 Stars5 Stars
Education4 Stars3.5 Stars5 Stars
Trust Score927499
Winnercheck_circle
ReviewOANDA ReviewBlackBull Markets ReviewIG Review
RegulationOANDABlackBull MarketsIG
Trust Score927499
Year Founded199620141974
Publicly Traded (Listed)NoNoYes
BankNoNoYes
Tier-1 Licenses617
Tier-2 Licenses002
Tier-3 Licenses101
Authorised in European UnionYesNoYes
About RegulationA โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.A โ€œYesโ€ for any individual regulator indicates that the broker has at least one brand or entity that is licensed and/or authorized by that regulator within its group/organizational structure. Learn more about Trust Score.
Tier-1 Licenses (High Trust)OANDABlackBull MarketsIG
ASIC Authorised (Australia)YesNoYes
IIROC Authorised (Canada)YesNoNo
SFC Authorised (Hong Kong)NoNoNo
CBI Authorised (Ireland)NoNoNo
FSA Authorised (Japan)YesNoYes
MAS Authorised (Singapore)YesNoYes
FINMA Authorised (Switzerland)NoNoYes
FCA Authorised (U.K.)YesNoYes
CFTC Registered (USA)YesNoYes
FMA Authorised (New Zealand)NoYesYes
Tier-2 Licenses (Average Trust)OANDABlackBull MarketsIG
CBRC Authorised (China)NoNoNo
CySEC Authorised (Cyprus)NoNoNo
SEBI Authorised (India)NoNoNo
ISA Authorised (Israel)NoNoNo
CBR Authorised (Russia)NoNoNo
FSCA Authorised (South Africa)NoNoYes
SEC Authorised (Thailand)NoNoNo
DFSA / Central Bank Authorised (UAE)NoNoYes
Tier-3 Licenses (Low Trust)OANDABlackBull MarketsIG
SCB Authorised (Bahamas)NoNoNo
IFSC Authorised (Belize)NoNoNo
CIMA Authorised (Cayman Islands)NoNoNo
BMA Authorised (Bermuda)NoNoYes
FSC Authorised (British Virgin Islands)YesNoNo
FSC Authorised (Mauritius)NoNoNo
VFSC Authorised (Vanuatu)NoNoNo
InvestmentsOANDABlackBull MarketsIG
Forex Trading (Spot or CFDs)YesYesYes
Tradeable Symbols (Total)1242600019537
Forex Pairs (Total)7172100
U.S. Stock Trading (Non CFD)NoYesYes
Int'l Stock Trading (Non CFD)NoYesYes
Social Trading / Copy TradingYesYesYes
Cryptocurrency (Physical)NoNoNo
Cryptocurrency (CFD)YesYesYes
DisclaimersNote: 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).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).
CostOANDABlackBull MarketsIG
Average Spread EUR/USD - Standard1.26 (5/22-5/27/22)0.827 (August 2022)0.86 (September 2022)
All-in Cost EUR/USD - Active1.26 (5/22-5/27/22)0.827 (August 2022)0.5957 (September 2022)
Active Trader or VIP DiscountsYesYesYes
Execution: Agency BrokerNoNoYes
Execution: Market MakerYesYesYes
FundingOANDABlackBull MarketsIG
Minimum Initial Deposit$0$0ยฃ250.00
PayPal (Deposit/Withdraw)YesNoYes
Skrill (Deposit/Withdraw)YesYesNo
Visa/Mastercard (Credit/Debit)YesYesYes
Bank Wire (Deposit/Withdraw)YesYesYes
Trading PlatformsOANDABlackBull MarketsIG
Proprietary PlatformYesNoYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
Social Trading / Copy TradingYesYesYes
MetaTrader 4 (MT4)YesYesYes
MetaTrader 5 (MT5)YesYesNo
cTraderNoYesNo
DupliTradeNoNoNo
ZuluTradeYesYesNo
Trading ToolsOANDABlackBull MarketsIG
Virtual Trading (Demo)YesYesYes
Alerts - Basic FieldsYesYesYes
Watchlists - Total Fields6714
Charting - Indicators / Studies (Total)813033
Charting - Drawing Tools (Total)4311520
Charting - Trade From ChartYesYesYes
Charts can be savedYesYesYes
Mobile TradingOANDABlackBull MarketsIG
Android AppYesYesYes
Apple iOS AppYesYesYes
Mobile Alerts - Basic FieldsYesYesYes
Mobile WatchlistYesYesYes
Watchlist SyncingNoNoYes
Mobile Charting - Indicators / Studies333033
Mobile Charting - Draw TrendlinesYesYesYes
Mobile Charting - Multiple Time FramesYesYesYes
Mobile Charting - Drawings AutosaveYesYesYes
Forex CalendarYesYesYes
ResearchOANDABlackBull MarketsIG
Daily Market CommentaryYesYesYes
Forex News (Top-Tier Sources)YesNoYes
AutochartistYesYesYes
Trading Central (Recognia)NoNoNo
Social Sentiment - Currency PairsYesNoYes
Economic CalendarYesYesYes
EducationOANDABlackBull MarketsIG
Has Education - Forex or CFDsYesNoYes
Client WebinarsYesNoYes
Client Webinars (Archived)YesYesYes
Videos - Beginner Trading VideosYesYesYes
Videos - Advanced Trading VideosYesNoYes
Investor Dictionary (Glossary)YesYesYes
Major Forex PairsOANDABlackBull MarketsIG
GBP/USDYesYesYes
USD/JPYYesYesYes
EUR/USDYesYesYes
USD/CHFYesYesYes
USD/CADYesYesYes
NZD/USDYesYesYes
AUD/USDYesYesYes
ReviewOANDA ReviewBlackBull Markets ReviewIG Review
OverallOANDABlackBull MarketsIG
Overall Rating4.5 Stars4 Stars5 Stars
Commissions & Fees4 Stars4.5 Stars5 Stars
Offering of Investments3.5 Stars5 Stars5 Stars
Platform & Tools4 Stars4 Stars5 Stars
Mobile Trading4.5 Stars4 Stars5 Stars
Research4.5 Stars4 Stars5 Stars
Education4 Stars3.5 Stars5 Stars
Trust Score927499
Winnercheck_circle
ReviewOANDA ReviewBlackBull Markets ReviewIG Review
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OANDA vs BlackBull Markets Comparison

Comparing forex brokers side by side is no easy task. For our 2022 annual forex broker review, we spent hundreds of hours assessing 39 forex and CFD brokerages to find the best forex broker. Let's compare OANDA vs BlackBull Markets.

Does OANDA or BlackBull Markets 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, IG offers better pricing overall for traders.

Is OANDA or BlackBull Markets safer for forex and CFDs trading?

At ForexBrokers.com, we track where each forex and CFD broker is regulated across over 23 international regulator databases. Here's our findings. OANDA holds 6 global Tier-1 licenses, while BlackBull Markets holds 1. Both OANDA and BlackBull Markets hold 0 global Tier-2 licenses. In our analysis of 23 international regulators across 50 brokers, OANDA earned a higher Trust Score than BlackBull Markets.

Which trading platform is better: OANDA or BlackBull Markets?

To compare the trading platforms of both OANDA and BlackBull Markets, we tested each broker's trading tools, research capabilities, and mobile apps. For trading tools, IG offers a better experience. With research, IG offers superior market research. Finally, we found IG 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. Both OANDA and BlackBull Markets offer MetaTrader 4 (MT4).OANDA and BlackBull Markets both offer copy trading.

How many forex pairs and CFDs are available to trade?

BlackBull Markets provides traders 72 currency pairs (e.g., EUR/USD) compared to OANDA's 71 available pairs. Forex pairs aside, BlackBull Markets offers traders access to 26000 CFDs while OANDA has 124 available CFDs, a difference of 25876.

Can I trust OANDA?

OANDA is not publicly traded and does not operate a bank. OANDA is authorised by six tier-1 regulators (high trust), zero tier-2 regulators (average trust), and one tier-3 regulators (low trust). OANDA is authorised by the following tier-1 regulators: Australian Securities & Investment Commission (ASIC), Investment Industry Regulatory Organization of Canada (IIROC), Japanese Financial Services Authority (JFSA), Monetary Authority of Singapore (MAS), Financial Conduct Authority (FCA), and the Commodity Futures Trading Commission (CFTC).

Can I trust BlackBull Markets?

BlackBull Markets is not publicly traded, does not operate a bank, and is authorised by one tier-1 regulators (high trust), zero tier-2 regulator (average trust), and zero tier-3 regulators (low trust). BlackBull Markets is authorised by the following tier-1 regulators: Financial Markets Authority (FMA).

Is OANDA good?

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.

Is BlackBull Markets good?

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.

Overall winner: IG

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We review each brokerโ€™s overall global offering โ€“ a โ€œYesโ€ 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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