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 |
Comparing commissions and fees, BlackBull Markets scores 4.5/5 stars and ranks #19 out of 63 for this category, while RoboForex scores 3.5/5 stars and ranks #56 out of 63. On EUR/USD, BlackBull’s Prime account posted a 0.16-pip average raw spread in March 2024, translating to about 0.76 pips all-in after commission. By contrast, RoboForex’s Procent and Pro accounts average about 1.3 pips on EUR/USD, which is on the high side.
BlackBull offers three account types. The Standard account is commission-free with no minimum deposit, but spreads are higher. The Prime account requires a $2,000 minimum, pairs lower spreads with a $3-per-side commission ($6 round turn per lot), and typically delivers the best all-in pricing for active traders. The ECN Institutional account targets larger deposits ($20,000+), with a reduced $2-per-side commission ($4 round turn).
RoboForex’s Procent and Pro accounts feature average EUR/USD spreads of 1.3 pips, which can add up for frequent traders. If keeping trading costs down is a priority—especially on popular pairs like EUR/USD—BlackBull’s Prime or Institutional pricing structures may be more competitive than RoboForex’s Pro/Procent averages.
| 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 the range of investments offered by BlackBull Markets and RoboForex, BlackBull stands out with an impressive offering of 26,000 tradeable symbols, whereas RoboForex provides 8,400. Both brokers allow forex trading through CFDs or spot contracts, but BlackBull Markets shines with 72 tradeable forex pairs, compared to RoboForex’s 28. Additionally, BlackBull Markets offers the opportunity to invest directly in exchange-traded securities on both U.S. and international exchanges, giving clients an advantage if they wish to purchase stocks like Apple or Vodafone, an option RoboForex does not provide.
Copy trading is available with both BlackBull Markets and RoboForex, offering clients the convenience of mirroring successful trades. While neither platform allows for the purchase of actual cryptocurrencies, they both support cryptocurrency derivatives. BlackBull Markets earns a five-star rating for its range of investments and ranks sixth in this category according to ForexBrokers.com, underscoring its extensive offerings. RoboForex holds a respectable 4.5 stars and ranks 21st, indicating a solid selection but falling short compared to BlackBull Markets.
| 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 both make it easy to get started with a free demo account and familiar trading platforms. Each supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5) on Windows desktop and via a web platform, and both allow copy trading. Neither broker offers its own proprietary platform or DupliTrade. A key difference is social trading support: BlackBull connects with ZuluTrade, while RoboForex does not. Both brokers also let you place orders directly from a chart.
For trading tools, BlackBull provides 60 drawing tools for charting compared with 15 at RoboForex; indicator counts were not specified. Watchlists differ slightly, with six fields at BlackBull and seven at RoboForex. In ForexBrokers.com testing for Trading Platforms and Tools, each broker earned 4 stars, but BlackBull ranked higher overall (#31 of 63) than RoboForex (#44 of 63).
| 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.
Comparing the mobile trading apps from BlackBull Markets and RoboForex: both provide iPhone and Android apps, stock and forex price alerts, and the option to build watchlists with real-time quotes. Charting is equally capable on both, offering 30 technical studies, the ability to draw trendlines, view multiple time frames (from intraday to weekly), and auto-save your drawings so your annotations are there the next time you open a chart.
The main difference is syncing. BlackBull Markets syncs watchlist symbols between the mobile app and your online account, while RoboForex does not—handy if you switch between phone and desktop during the day. Both earn 4-star ratings for mobile trading apps, but in ForexBrokers.com’s rankings BlackBull Markets sits at #33 out of 63 brokers, ahead of RoboForex at #44. If cross-device consistency matters, BlackBull Markets has a slight edge; if not, either app covers the essentials for trading on the go.
| 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 deliver daily market commentary and an economic calendar, making them useful for staying on top of upcoming events. The big difference is news coverage: RoboForex includes forex news from top-tier sources like Bloomberg, Reuters, or Dow Jones, while BlackBull Markets does not.
When it comes to trading tools, BlackBull Markets offers Autochartist and a sentiment tool that shows long vs. short positioning, but it lacks Trading Central and Acuity Trading. RoboForex flips that mix, providing Trading Central and Acuity Trading, yet missing Autochartist and a sentiment tool. Neither broker includes TipRanks. For overall research, BlackBull Markets earns 4 stars and ranks #18 out of 63 brokers at ForexBrokers.com, while RoboForex scores 3.5 stars and ranks #38. Choose BlackBull if you value Autochartist and sentiment data; pick RoboForex if top-tier news and Trading Central/Acuity tools are your priority.
| 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.
For beginners comparing forex and CFDs education, BlackBull Markets stands out with a complete learning path. It offers 10+ educational pieces focused on forex/CFDs, runs client webinars at least monthly, and keeps a searchable archive of past sessions. You’ll also find 10+ beginner videos, 10+ advanced videos for when you’re ready to level up, and an investor dictionary with 50+ terms to clarify jargon. By contrast, RoboForex does not meet these benchmarks: it lacks a library of 10+ forex/CFD lessons, does not host monthly educational webinars, has no searchable webinar archive, and does not provide 10+ beginner or advanced videos or a large investing glossary.
These differences show up in third-party ratings: BlackBull Markets earns 4 stars for Education and ranks 29th out of 63 brokers with ForexBrokers.com, while RoboForex is rated 3.5 stars and ranks 57th. If you want structured learning with frequent webinars, video lessons, and a handy glossary, BlackBull Markets is the more beginner-friendly choice. If you already rely on outside study materials, RoboForex may still work for you, but it offers fewer in-house learning tools for new traders.
| 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) | |||
| 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) | |||
| 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) |
| 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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