Written by ForexBrokers.com
In this head to head comparison of BlackBull Markets vs RoboForex, 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 for your trading needs, BlackBull Markets and RoboForex stand out with their strong regulatory credentials, each founded in different years, 2014 and 2009 respectively. Both companies are not publicly traded and do not function as banks. Importantly, each of these brokers holds a Tier-1 license, categorizing them as highly trusted entities, though they hold no Tier-2 licenses according to the ForexBrokers.com rating system.
Examining their Trust Scores, BlackBull Markets scores a 78, placing it at an average risk level, while RoboForex trails with a rating of 73, still falling within the average risk category. Despite these differences, both brokers maintain a reasonable level of trust within the industry, making them viable options depending on your trading preferences and comfort with risk. Overall, considering their regulatory standing, both BlackBull Markets and RoboForex offer credible environments for engaging in online trading.
| Feature |
BlackBull Markets
|
RoboForex
|
|---|---|---|
| Year Founded | 2014 | 2009 |
| Publicly Traded (Listed) | No | No |
| Bank | No | No |
| Tier-1 Licenses | 1 | 1 |
| Tier-2 Licenses | 0 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 1 | 2 |
When weighing BlackBull Markets against RoboForex in terms of commissions and fees, BlackBull Markets stands out with a 4.5-star rating from ForexBrokers.com, ranking #18 out of 63 brokers. Trading costs at BlackBull Markets are generally average for the industry, with different fees according to one of its three account types. For instance, the Prime account features an average spread of 0.16 on the EUR/USD based on March 2024 data. With a commission of $6 per 10,000 traded, this account yields an all-in cost of 0.76, making it an appealing choice if you're considering lower spreads and can meet the $2,000 minimum deposit.
The Standard account at BlackBull Markets, on the other hand, is commission-free and requires no minimum deposit, albeit with higher spreads. The ECN Institutional account caters to active traders willing to deposit at least $20,000, offering lower commissions at $4 per round turn. In contrast, RoboForex is rated 3.5 stars, with a lower ranking of #55, primarily due to its higher average spreads of 1.3 pips for EUR/USD on both the Procent and Pro accounts.
| Feature |
BlackBull Markets
|
RoboForex
|
|---|---|---|
| Minimum Deposit | $0 | $100 |
| Average Spread EUR/USD - Standard | 0.71 | 1.3 |
| All-in Cost EUR/USD - Active | 0.71 | N/A |
| Active Trader or VIP Discounts | Yes | Yes |
| ACH or SEPA Transfers | No | Yes |
| PayPal (Deposit/Withdraw) | No | Yes |
| 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 BlackBull Markets and RoboForex, both online brokers offer forex trading as either CFDs or spot contracts. However, BlackBull Markets outshines RoboForex by offering a substantially larger selection of tradable symbols with 26,000 compared to RoboForex's 8,400. In terms of forex pairs, BlackBull Markets again takes the lead, providing access to 72 pairs, whereas RoboForex offers 28. Additionally, BlackBull Markets stands out by allowing clients to purchase exchange-traded securities on both U.S. and international markets, enabling investments in companies like Apple and Vodafone. RoboForex, however, does not offer this feature.
Both platforms support copy trading and allow trading in cryptocurrency derivatives without the option to buy actual cryptocurrencies. In terms of investment range, BlackBull Markets receives a 5-star rating, ranking 6th among 63 brokers on ForexBrokers.com. RoboForex earns a respectable 4.5 stars but is positioned at 20th in the same ranking. This evaluation highlights BlackBull Markets as a more versatile choice for investors seeking a wide range of investment opportunities.
| Feature |
BlackBull Markets
|
RoboForex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 26000 | 8400 |
| Forex Pairs (Total) | 72 | 28 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | Yes |
| Cryptocurrency (Physical) | No | 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.
BlackBull Markets and RoboForex are both strong contenders in the world of online trading, each featuring a broad range of platforms and tools. Both brokers provide access to simulated trading through free virtual demo accounts, enabling users to practice without financial risk. While neither broker provides a proprietary platform, they both support popular trading interfaces, offering Windows-based desktop platforms and web-based options. MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are available on both, with BlackBull Markets having the added advantage of ZuluTrade for traders interested in social trading. However, neither broker includes DupliTrade in their suite of tools.
Charting features are where BlackBull Markets slightly edges out RoboForex; it offers a more extensive set of drawing tools—60 in contrast to RoboForex's 15. Both platforms allow trades directly from stock charts, adding a level of convenience for users. In terms of watch list customization, RoboForex provides a slight edge with seven columns compared to BlackBull's six. Despite these differences, both platforms earn a commendable four-star rating for their trading platforms and tools. However, BlackBull Markets holds an advantage in industry ranking, positioned at 29th out of 63 brokers, compared to RoboForex's 43rd place.
| Feature |
BlackBull Markets
|
RoboForex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | 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 | Yes | No |
| Charting - Indicators / Studies (Total) | 109 | 30 |
| Charting - Drawing Tools (Total) | 60 | 15 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 7 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both BlackBull Markets and RoboForex offer user-friendly apps catering to iPhone and Android users, featuring essential tools for stock and forex trading. Each app allows users to receive price alerts and create watchlists with real-time quotes, helping traders stay informed. They provide similar functionalities to analyze market trends, including 30 technical studies, the ability to draw trendlines, and the option to view various time frames such as daily, weekly, or intraday. BlackBull Markets and RoboForex also ensure convenience by auto-saving drawings, allowing traders to pick up right where they left off.
While both apps are rated 4 out of 5 stars for mobile trading, BlackBull Markets is ranked higher at #31 compared to RoboForex's #43 on ForexBrokers.com. One distinct advantage of BlackBull Markets is the watchlist symbol syncing feature, which automatically updates changes across mobile and online platforms—a feature RoboForex lacks. Given these capabilities, BlackBull Markets offers a slightly more integrated experience for traders who manage their portfolios through mobile devices.
| Feature |
BlackBull Markets
|
RoboForex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| 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.
BlackBull Markets and RoboForex both provide daily market commentary, ensuring traders have regular updates. However, when it comes to forex news from top-tier sources like Bloomberg and Reuters, RoboForex takes the lead, offering access to these esteemed platforms. BlackBull Markets stands out with tools from Autochartist, which help traders analyze technical and fundamental aspects of the market, while RoboForex lacks these offerings. Conversely, RoboForex offers resources from Trading Central and Acuity Trading, providing unique research tools and insights that BlackBull Markets does not.
In terms of sentiment analysis, BlackBull Markets excels with tools that display long and short positions across various instruments, a feature absent from RoboForex. Both brokers offer access to an economic calendar, which tracks worldwide economic events. With a research rating of 4 stars and a ranking of #18 out of 63 brokers, BlackBull Markets edges ahead in market research quality, compared to RoboForex's 3.5-star rating and #37 ranking in the same category. These factors may play a critical role for traders prioritizing detailed market research and analysis.
| Feature |
BlackBull Markets
|
RoboForex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | No |
| Trading Central (Recognia) | No | Yes |
| Social Sentiment - Currency Pairs | Yes | No |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | Yes |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When it comes to educational resources for beginners, BlackBull Markets stands out by offering a comprehensive selection, including more than ten educational pieces such as articles, videos, and archived webinars focused on forex and CFDs. In addition, they provide online client webinars every month, ensuring that users have ongoing support and learning opportunities. With a searchable archive of past webinars, beginners can catch up on missed sessions at any time. Furthermore, BlackBull Markets delivers over ten educational videos tailored specifically for beginners, as well as advanced videos for experienced traders. To round out their resources, they also offer an investor dictionary with definitions of over 50 investing terms, making financial concepts more approachable for newcomers. Rated four out of five stars, BlackBull Markets ranks 29th out of 63 brokers in the Education category according to ForexBrokers.com.
In contrast, RoboForex doesn’t offer as many educational materials tailored for beginners. Their inventory lacks a sufficient number of educational articles or videos specifically dedicated to forex and CFDs, and they do not host monthly webinars, which limits the interactive learning experiences available to clients. Additionally, unlike BlackBull Markets, RoboForex does not provide an archive of past webinar recordings or offer a broad range of beginner or advanced educational videos. They also fall short by not providing an investor dictionary for users. Due to these limitations, RoboForex receives a slightly lower education rating of 3.5 stars and is ranked 56th in the Education category by ForexBrokers.com. Overall, BlackBull Markets provides a richer, more accessible educational experience for those new to trading.
| Feature |
BlackBull Markets
|
RoboForex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | No |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | No |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | 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 RoboForex. BlackBull Markets finished with an overall rank of #24, while RoboForex finished with an overall rank of #46.
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.
| Feature |
BlackBull Markets
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RoboForex
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| Trust Score | 78 | 73 |
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Both BlackBull Markets and RoboForex do not offer the option to buy actual (delivered) cryptocurrency, but they do provide access to cryptocurrency derivatives.
When comparing online brokers BlackBull Markets and RoboForex, RoboForex stands out by offering more diverse payment options, including ACH, SEPA, and PayPal, alongside shared options like Skrill, Visa, Mastercard, and bank wires, whereas BlackBull Markets only provides Skrill, Visa, Mastercard, and bank wire transfer options for transactions.
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 | RoboForex | |
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| Trust Score | 78 | 73 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | RoboForex Review |
| Broker Screenshots | BlackBull Markets | RoboForex | |
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| Regulation | BlackBull Markets | RoboForex | |
|---|---|---|---|
| Trust Score | 78 | 73 | |
| Year Founded | 2014 | 2009 | |
| 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 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 2 |
| Tier-1 Licenses (Highly Trusted) | BlackBull Markets | RoboForex | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | No | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | No | No | |
| Switzerland (FINMA Authorised) | No | No | |
| 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 | RoboForex | |
|---|---|---|---|
| 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 | BlackBull Markets | RoboForex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 26000 | 8400 | |
| Forex Pairs (Total) | 72 | 28 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | Yes | |
| Cryptocurrency (Physical) | No | 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 | BlackBull Markets | RoboForex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.71 | 1.3 | |
| All-in Cost EUR/USD - Active | 0.71 | N/A | |
| Active Trader or VIP Discounts | Yes | Yes | |
| Inactivity Fee | No | Yes | |
| Execution: Agency Broker | No | Yes | |
| Execution: Market Maker | Yes | Yes |
| Funding | BlackBull Markets | RoboForex | |
|---|---|---|---|
| Minimum Deposit | $0 | $100 | |
| PayPal (Deposit/Withdraw) | No | Yes | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | Yes |
| Trading Platforms | BlackBull Markets | RoboForex | |
|---|---|---|---|
| Proprietary Platform | No | 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 | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | BlackBull Markets | RoboForex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 7 | |
| Charting - Indicators / Studies (Total) | 109 | 30 | |
| Charting - Drawing Tools (Total) | 60 | 15 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | BlackBull Markets | RoboForex | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Alerts - Basic Fields | Yes | Yes | |
| Mobile Watchlist | Yes | Yes | |
| Watchlist Syncing | Yes | No | |
| 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 | BlackBull Markets | RoboForex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | No | |
| Trading Central (Recognia) | No | Yes | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | No | |
| Economic Calendar | Yes | Yes |
| Education | BlackBull Markets | RoboForex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | No | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | No | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | No |
| Major Forex Pairs | BlackBull Markets | RoboForex | |
|---|---|---|---|
| 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 | BlackBull Markets Review | RoboForex Review |
| Overall | BlackBull Markets | RoboForex | |
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| Trust Score | 78 | 73 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | RoboForex Review |
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