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OANDA vs BlackBull Markets 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

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.

OANDA
4.5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 93
  • Tradeable Symbols (Total): 4172 info
BlackBull Markets
4.5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 78
  • Tradeable Symbols (Total): 26000

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.

Regulation

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 logoOANDA
BlackBull Markets logoBlackBull Markets
Year Founded info 1996 2014
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 7 1
Tier-2 Licenses info 0 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1

Fees

When comparing commissions and fees, BlackBull Markets generally edges out OANDA on raw trading costs, especially if you choose its Prime account. OANDA remains competitive for convenience thanks to automated execution and tiny trade sizes, but its effective spreads are typically higher. For the Commissions and Fees category, OANDA is rated 4 stars and ranked #35 out of 63 brokers by ForexBrokers.com, while BlackBull Markets is rated 4.5 stars and ranked #19 out of 63.

OANDA’s standard (commission-free) pricing showed an average EUR/USD spread of 1.61 pips in July 2024. Its Core pricing lowers the spread but adds a commission of $5 per side per $100,000 traded (about $10 per round turn). Using the EUR/USD example, a 0.4-pip Core spread plus the 1-pip commission equivalent brings the all-in cost to about 1.4 pips—slightly cheaper than the 1.6-pip default. OANDA also allows trade sizes as small as 1 unit, offers volume-based rebates ($5–$17 per million in select regions), and publishes trailing spread averages for added transparency, though they’re not tied to fixed time periods.

BlackBull Markets’ costs vary by account. The commission-free Standard account has higher spreads and no minimum deposit. The Prime account requires $2,000, charges a $3-per-side ($6 round turn) commission, and showed a 0.16-pip average spread on EUR/USD in March 2024—about 0.76 pips all-in after adding the 0.6-pip round-turn commission equivalent. Active traders can consider the ECN Institutional account (minimum $20,000) with $2 per side ($4 round turn). Overall, BlackBull’s Prime pricing is typically sharper than OANDA’s for frequent forex traders.

Feature OANDA logoOANDA
BlackBull Markets logoBlackBull Markets
Minimum Deposit info $0 $0
Average spread (EUR/USD) - Standard account info 1.69 info 0.71 info
All-in Cost EUR/USD - Active info 1.69 info 0.71 info
Non-wire bank transfer info Yes info No
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

BlackBull Markets delivers a broader range of investments with about 26,000 tradeable symbols versus OANDA’s 4,172, and 72 forex pairs compared with OANDA’s 69. Both brokers let you trade forex as CFDs or spot contracts and support copy trading. In ForexBrokers.com’s Range of Investments category, BlackBull Markets earns 5 stars and ranks #6 out of 63 brokers, while OANDA holds 4 stars and ranks #28.

For stocks, both offer exchange-traded securities (not CFDs) on U.S. and international exchanges, so you can buy shares like Apple on Nasdaq and Vodafone in London. Crypto access differs: OANDA lets clients buy actual cryptocurrency as well as crypto CFDs, whereas BlackBull Markets limits crypto to CFDs only. Choose BlackBull Markets if you want the widest list of instruments; pick OANDA if access to real crypto alongside CFDs matters.

Feature OANDA logoOANDA
BlackBull Markets logoBlackBull Markets
Forex Trading (Spot or CFDs) info Yes info Yes
Tradeable Symbols (Total) info 4172 info 26000
Forex Pairs (Total) info 69 72
U.S. Stocks (Shares) info Yes Yes
Global Stocks (Non-U.S. Shares) info Yes Yes
Copy Trading info Yes info Yes
Cryptocurrency (Underlying) info Yes No
Cryptocurrency (CFDs) info Yes info 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.

Trading platforms and tools

Comparing OANDA vs BlackBull Markets for trading platforms and tools: both brokers offer a free demo (paper trading) account, web-based and Windows desktop platforms, copy trading, and the ability to place trades directly from charts. Each supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5). A key difference is that OANDA also provides its own proprietary platform developed in-house, while BlackBull Markets relies on third-party platforms.

Both brokers earn 4 stars for Trading Platforms and Tools from ForexBrokers.com, but OANDA ranks higher at #15 out of 63 brokers, compared with BlackBull Markets at #31. The exact counts for chart indicators and watchlist columns aren’t specified. If you value an in-house platform and a higher category rank, OANDA is appealing; if you’re focused on MT4/MT5 access with copy trading across web and Windows, BlackBull Markets is a solid alternative.

Feature OANDA logoOANDA
BlackBull Markets logoBlackBull Markets
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes info Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes info Yes
Charting - Indicators / Studies (Total) info 89 109
Charting - Trade From Chart info Yes Yes

Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.

Forex trading apps

Comparing OANDA and BlackBull Markets for mobile trading, both brokers offer iPhone and Android apps with price alerts built in. A key difference is watchlist syncing: BlackBull Markets syncs symbols between the mobile app and your online account, while OANDA does not. If you often switch between devices and the web platform, that syncing feature on BlackBull Markets can be handy.

For charting, both apps include 30 technical studies, support drawing trendlines, and auto-save your drawings. In overall app quality, OANDA holds the edge with a 5-star rating and a #7 ranking out of 63 brokers for Mobile Trading Apps on ForexBrokers.com, while BlackBull Markets earns 4 stars and ranks #33. Choose OANDA for a higher-rated mobile trading experience, or pick BlackBull Markets if watchlist syncing across devices is your top priority.

Feature OANDA logoOANDA
BlackBull Markets logoBlackBull Markets
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlists - Syncing info No Yes
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

Both OANDA and BlackBull Markets deliver daily market commentary and an economic calendar to help you track key events. Each broker also includes Autochartist for technical and fundamental scan ideas and offers a sentiment tool that shows long vs. short positioning. Neither broker provides Trading Central, TipRanks, or Acuity Trading (Signal Centre). The biggest difference is news coverage: OANDA includes forex news from top-tier sources like Bloomberg/Reuters/Dow Jones, while BlackBull Markets does not.

For research, OANDA is rated 5 stars and ranks 4th out of 63 brokers, whereas BlackBull Markets holds 4 stars and ranks 18th. If you want premium news integrated alongside trading ideas and sentiment, OANDA has the edge. If you can live without the major newswire feed, BlackBull Markets still offers useful tools for market analysis.

Feature OANDA logoOANDA
BlackBull Markets logoBlackBull Markets
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes No
Autochartist info Yes Yes
Trading Central info No No
Client sentiment data info Yes Yes
TipRanks info No No
Acuity Trading info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

Both OANDA and BlackBull Markets offer extensive forex and CFD education, easily clearing the bar of 10+ learning pieces across articles, videos, and archived webinars. For beginners, each broker delivers at least 10 introductory trading videos and hosts ongoing client webinars at least once a month—helpful if you prefer guided learning and regular Q&A opportunities.

Where they differ is in overall quality and recognition. OANDA earns 5 stars for Education and ranks #19 out of 63 brokers on ForexBrokers.com, while BlackBull Markets holds 4 stars and ranks #29. Both also provide 10+ advanced videos for when you’re ready to level up, but if you want the stronger, more polished learning path from day one, OANDA edges ahead. BlackBull Markets remains a solid alternative with plenty of beginner-friendly content and live sessions.

Feature OANDA logoOANDA
BlackBull Markets logoBlackBull Markets
Webinars info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes

Dive deeper: Best Forex Brokers for Beginners.

Winner

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 logoOANDA
BlackBull Markets logoBlackBull Markets
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Trust Score info 93 78
Range of Investments 4/5 Stars 5/5 Stars
Commissions & Fees 4/5 Stars 4.5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Research 5/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Education 4/5 Stars 4/5 Stars

FAQs

Can you trade cryptocurrency with OANDA or BlackBull Markets?

In the OANDA vs BlackBull Markets comparison, OANDA supports buying actual (delivered) cryptocurrency as well as crypto CFDs, whereas BlackBull Markets offers crypto CFDs only and does not provide access to real, delivered cryptocurrencies.

What funding options does each broker offer?

OANDA vs BlackBull Markets: for deposits and withdrawals, OANDA supports ACH/SEPA, PayPal, Skrill, and bank wire transfers, while BlackBull Markets lacks ACH/SEPA and PayPal but offers Skrill and bank wires; Visa/Mastercard availability is not specified for either broker.

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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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Overall Rating OANDA BlackBull Markets
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 4/5 Stars 4.5/5 Stars
Range of Investments 4/5 Stars 5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 4/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 93 78
Winner check_circle
Review OANDA Review BlackBull Markets Review
Broker Screenshots OANDA BlackBull Markets
Broker Gallery (click to expand) info
OANDA fxTrade mobile trading app charting OANDA Trade web platform. OANDA's website features research in the form of its MarketPulse blog, which includes news, analysis, and articles. The OANDA website's educational hub features webinars and videos covering current events and financial analysis.
BlackBull Markets MT5 mobile trading app BlackBull Markets MetaTrader 5 MT5 desktop platform. BlackBull Markets economic calendar. BlackBull Markets Trading Podcasts playlist.
Regulation OANDA BlackBull Markets
Trust Score info 93 78
Year Founded info 1996 2014
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-1 Licenses info 7 1
Tier-2 Licenses info 0 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 1
Tier-1 Licenses (Highly Trusted) OANDA BlackBull Markets
Australia (ASIC Authorised) info Yes No
Canada (CIRO Authorised) info Yes No
Hong Kong (SFC Authorised) info No No
Japan (FSA Authorised) info Yes No
Singapore (MAS Authorised) info Yes No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info Yes No
USA (CFTC Authorized) info Yes No
New Zealand (FMA Authorised) info No Yes
Regulated in one or more EU or EEA countries (MiFID). info Yes info No info
Tier-2 Licenses (Trusted) OANDA BlackBull Markets
Kenya (CMA Authorised) info
Israel (ISA Authorised) info No No
South Africa (FSCA Authorised) info No No
UAE (DFSA, FSRA, or SCA Authorised) info No No
India (SEBI Authorised) info No No
Jordan (JSC Authorised) info
Investments OANDA BlackBull Markets
Forex Trading (Spot or CFDs) info Yes info Yes
Tradeable Symbols (Total) info 4172 info 26000
Forex Pairs (Total) info 69 72
U.S. Stocks (Shares) info Yes Yes
Global Stocks (Non-U.S. Shares) info Yes Yes
Copy Trading info Yes info Yes
Cryptocurrency (Underlying) info Yes No
Cryptocurrency (CFDs) info Yes info 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 account info 1.69 info 0.71 info
All-in Cost EUR/USD - Active info 1.69 info 0.71 info
Inactivity Fee info Yes No
Order execution: Agency info No No
Order execution: Market Maker info Yes Yes
Funding OANDA BlackBull Markets
Minimum Deposit info $0 $0
PayPal (Deposit/Withdraw) info Yes No
Skrill (Deposit/Withdraw) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info Yes info No
Trading Platforms OANDA BlackBull Markets
Proprietary Desktop Trading Platform info Yes No
Desktop Platform (Windows) info Yes Yes
Web Platform info Yes Yes
Copy Trading info Yes info Yes
MetaTrader 4 (MT4) info Yes Yes
MetaTrader 5 (MT5) info Yes info Yes
cTrader info No Yes
Trading Tools OANDA BlackBull Markets
Virtual Trading (Demo) info Yes Yes
Price Alerts info Yes Yes
Charting - Indicators / Studies (Total) info 89 109
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading OANDA BlackBull Markets
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Price Alerts info Yes Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info No Yes
Mobile Charting - Indicators / Studies info 30 30
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Trendlines Autosave info Yes Yes
Mobile Research - Economic Calendar info Yes Yes
Research OANDA BlackBull Markets
Daily Market Commentary (Articles) info Yes Yes
Forex News (Top-Tier Sources) info Yes No
Autochartist info Yes Yes
Trading Central info No No
TipRanks info No No
Client sentiment data info Yes Yes
Economic Calendar info Yes Yes
Education OANDA BlackBull Markets
Webinars info Yes Yes
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes Yes
Major Forex Pairs OANDA BlackBull Markets
GBP/USD [DELETED] info
USD/JPY [DELETED] info
EUR/USD info Yes Yes
USD/CHF [DELETED] info
USD/CAD [DELETED] info
NZD/USD [DELETED] info
AUD/USD [DELETED] info
Review OANDA Review BlackBull Markets Review
Overall OANDA BlackBull Markets
Overall Rating info 4.5/5 Stars 4.5/5 Stars
Commissions & Fees 4/5 Stars 4.5/5 Stars
Range of Investments 4/5 Stars 5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 5/5 Stars 4/5 Stars
Research 5/5 Stars 4/5 Stars
Education 4/5 Stars 4/5 Stars
Trust Score info 93 78
Winner check_circle
Review OANDA Review BlackBull Markets Review
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