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BlackBull Markets vs RoboForex (RoboMarkets) 2022

ForexBrokers.com

Written by ForexBrokers.com

November 08, 2022

Is BlackBull Markets better than RoboForex (RoboMarkets)? In our analysis of 23 international regulators across 39 of the best forex brokers, BlackBull Markets is considered average-risk, with an overall Trust Score of 74 out of 99. RoboForex is considered average-risk, with an overall Trust Score of 69 out of 99. Learn more about Trust Score.

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Overall RatingBlackBull MarketsRoboForex (RoboMarkets)IG
Overall Rating4 Stars4 Stars5 Stars
Commissions & Fees4.5 Stars3.5 Stars5 Stars
Offering of Investments5 Stars5 Stars5 Stars
Platform & Tools4 Stars4 Stars5 Stars
Mobile Trading4 Stars4 Stars5 Stars
Research4 Stars3.5 Stars5 Stars
Education3.5 Stars3 Stars5 Stars
Trust Score746999
Winnercheck_circle
ReviewBlackBull Markets ReviewIG Review
RegulationBlackBull MarketsRoboForex (RoboMarkets)IG
Trust Score746999
Year Founded201420091974
Publicly Traded (Listed)NoNoYes
BankNoNoYes
Tier-1 Licenses107
Tier-2 Licenses012
Tier-3 Licenses011
Authorised in European UnionNoYesYes
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)BlackBull MarketsRoboForex (RoboMarkets)IG
ASIC Authorised (Australia)NoNoYes
IIROC Authorised (Canada)NoNoNo
SFC Authorised (Hong Kong)NoNoNo
CBI Authorised (Ireland)NoNoNo
FSA Authorised (Japan)NoNoYes
MAS Authorised (Singapore)NoNoYes
FINMA Authorised (Switzerland)NoNoYes
FCA Authorised (U.K.)NoNoYes
CFTC Registered (USA)NoNoYes
FMA Authorised (New Zealand)YesNoYes
Tier-2 Licenses (Average Trust)BlackBull MarketsRoboForex (RoboMarkets)IG
CBRC Authorised (China)NoNoNo
CySEC Authorised (Cyprus)NoYesNo
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)BlackBull MarketsRoboForex (RoboMarkets)IG
SCB Authorised (Bahamas)NoNoNo
IFSC Authorised (Belize)NoYesNo
CIMA Authorised (Cayman Islands)NoNoNo
BMA Authorised (Bermuda)NoNoYes
FSC Authorised (British Virgin Islands)NoNoNo
FSC Authorised (Mauritius)NoNoNo
VFSC Authorised (Vanuatu)NoNoNo
InvestmentsBlackBull MarketsRoboForex (RoboMarkets)IG
Forex Trading (Spot or CFDs)YesYesYes
Tradeable Symbols (Total)260001200019537
Forex Pairs (Total)7236100
U.S. Stock Trading (Non CFD)YesNoYes
Int'l Stock Trading (Non CFD)YesNoYes
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).
CostBlackBull MarketsRoboForex (RoboMarkets)IG
Average Spread EUR/USD - Standard0.827 (August 2022)1.4 (Jan 2022)0.86 (September 2022)
All-in Cost EUR/USD - Active0.827 (August 2022)N/A0.5957 (September 2022)
Active Trader or VIP DiscountsYesYesYes
Execution: Agency BrokerNoNoYes
Execution: Market MakerYesYesYes
FundingBlackBull MarketsRoboForex (RoboMarkets)IG
Minimum Initial Deposit$0$100ยฃ250.00
PayPal (Deposit/Withdraw)NoYesYes
Skrill (Deposit/Withdraw)YesYesNo
Visa/Mastercard (Credit/Debit)YesYesYes
Bank Wire (Deposit/Withdraw)YesYesYes
Trading PlatformsBlackBull MarketsRoboForex (RoboMarkets)IG
Proprietary PlatformNoNoYes
Desktop Platform (Windows)YesYesYes
Web PlatformYesYesYes
Social Trading / Copy TradingYesYesYes
MetaTrader 4 (MT4)YesYesYes
MetaTrader 5 (MT5)YesYesNo
cTraderYesNoNo
DupliTradeNoNoNo
ZuluTradeYesNoNo
Trading ToolsBlackBull MarketsRoboForex (RoboMarkets)IG
Virtual Trading (Demo)YesYesYes
Alerts - Basic FieldsYesYesYes
Watchlists - Total Fields7714
Charting - Indicators / Studies (Total)303033
Charting - Drawing Tools (Total)151520
Charting - Trade From ChartYesYesYes
Charts can be savedYesYesYes
Mobile TradingBlackBull MarketsRoboForex (RoboMarkets)IG
Android AppYesYesYes
Apple iOS AppYesYesYes
Mobile Alerts - Basic FieldsYesYesYes
Mobile WatchlistYesYesYes
Watchlist SyncingNoNoYes
Mobile Charting - Indicators / Studies303033
Mobile Charting - Draw TrendlinesYesYesYes
Mobile Charting - Multiple Time FramesYesYesYes
Mobile Charting - Drawings AutosaveYesYesYes
Forex CalendarYesYesYes
ResearchBlackBull MarketsRoboForex (RoboMarkets)IG
Daily Market CommentaryYesYesYes
Forex News (Top-Tier Sources)NoYesYes
AutochartistYesNoYes
Trading Central (Recognia)NoNoNo
Social Sentiment - Currency PairsNoNoYes
Economic CalendarYesYesYes
EducationBlackBull MarketsRoboForex (RoboMarkets)IG
Has Education - Forex or CFDsNoYesYes
Client WebinarsNoYesYes
Client Webinars (Archived)YesYesYes
Videos - Beginner Trading VideosYesNoYes
Videos - Advanced Trading VideosNoNoYes
Investor Dictionary (Glossary)YesNoYes
Major Forex PairsBlackBull MarketsRoboForex (RoboMarkets)IG
GBP/USDYesYesYes
USD/JPYYesYesYes
EUR/USDYesYesYes
USD/CHFYesYesYes
USD/CADYesYesYes
NZD/USDYesYesYes
AUD/USDYesYesYes
ReviewBlackBull Markets ReviewIG Review
OverallBlackBull MarketsRoboForex (RoboMarkets)IG
Overall Rating4 Stars4 Stars5 Stars
Commissions & Fees4.5 Stars3.5 Stars5 Stars
Offering of Investments5 Stars5 Stars5 Stars
Platform & Tools4 Stars4 Stars5 Stars
Mobile Trading4 Stars4 Stars5 Stars
Research4 Stars3.5 Stars5 Stars
Education3.5 Stars3 Stars5 Stars
Trust Score746999
Winnercheck_circle
ReviewBlackBull Markets ReviewIG Review
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BlackBull Markets vs RoboForex (RoboMarkets) 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 BlackBull Markets vs RoboForex (RoboMarkets).

Does BlackBull Markets or RoboForex (RoboMarkets) 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 BlackBull Markets or RoboForex (RoboMarkets) 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. BlackBull Markets holds 1 global Tier-1 licenses, while RoboForex (RoboMarkets) holds 0. RoboForex (RoboMarkets) holds 1 global Tier-2 licenses, while BlackBull Markets holds 0. In our analysis of 23 international regulators across 50 brokers, BlackBull Markets earned a higher Trust Score than RoboForex (RoboMarkets).

Which trading platform is better: BlackBull Markets or RoboForex (RoboMarkets)?

To compare the trading platforms of both BlackBull Markets and RoboForex (RoboMarkets), 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 BlackBull Markets and RoboForex (RoboMarkets) offer MetaTrader 4 (MT4).BlackBull Markets and RoboForex (RoboMarkets) 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 RoboForex (RoboMarkets)'s 36 available pairs. Forex pairs aside, BlackBull Markets offers traders access to 26000 CFDs while RoboForex (RoboMarkets) has 12000 available CFDs, a difference of 14000.

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).

Can I trust RoboForex (RoboMarkets)?

RoboForex is not publicly traded and does not operate a bank. RoboForex is authorised by zero tier-1 regulators (high trust), one tier-2 regulator (average trust), and one tier-3 regulators (low trust).

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.

Is RoboForex (RoboMarkets) good?

RoboForex, also known as RoboMarkets, is a maturing brand that offers a stock trading app as well as 12,000 symbols available across its MetaTrader and cTrader platforms. However, RoboForex's Trust Score is below-average, as it currently holds only two regulatory licenses.

Overall winner: IG

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