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BlackBull Markets vs Spreadex 2025

ForexBrokers.com

Written by ForexBrokers.com

February 05, 2025

In this head to head comparison of BlackBull Markets vs Spreadex, we will compare the trading platforms, mobile apps, range of investments, costs, market research, and more. Let's dive in.

BlackBull Markets
4.5/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 78
  • Tradeable Symbols (Total): 26000
Spreadex
4/5 Stars Overall
  • Minimum Deposit: $0
  • Trust Score: 71
  • Tradeable Symbols (Total): 10000

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

BlackBull Markets, established in 2014, and Spreadex, founded back in 1999, are both online brokers that cater to traders seeking reliable services. Neither of these firms is publicly traded or operates as a bank, which is quite common in the brokerage industry. Each holds one Tier-1 license, a credential indicating a high level of trust according to ForexBrokers.com. However, unlike some competitors, neither broker holds any Tier-2 licenses.

In terms of overall trust and safety, BlackBull Markets has earned a Trust Score of 78 out of 99 from ForexBrokers.com, categorizing it as an average risk broker. Spreadex follows closely with a Trust Score of 71, also placing it in the average risk category. These scores can be crucial for traders as they compare platforms for their investment needs, highlighting the importance of regulatory standing in choosing an online broker.

Feature BlackBull Markets logoBlackBull Markets
Spreadex logoSpreadex
Year Founded info 2014 1999
Publicly Traded (Listed) info No No
Bank info No No
Tier-1 Licenses info 1 1
Tier-2 Licenses info 0 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0

Fees

Comparing commissions and fees, BlackBull Markets earns 4.5/5 stars and ranks #19 out of 63 brokers, while Spreadex scores 4/5 stars and ranks #28. On EUR/USD, BlackBull’s Prime account averaged a 0.16-pip spread in March 2024; with a $3-per-side ($6 round turn) commission, the all-in trading cost worked out to about 0.76 pips. Spreadex reported an average EUR/USD spread of 0.81 pips in January 2024, with a 0.6-pip minimum achieved 60% of the month.

BlackBull’s pricing depends on the account you choose. The Standard account is commission-free with no minimum deposit, but spreads are higher. The Prime account requires a $2,000 minimum deposit and charges $3 per side ($6 round turn) per lot, but delivers lower spreads—often making it the better value for active traders. For high-volume clients, the ECN Institutional account requires a $20,000 deposit and reduces commissions to $2 per side ($4 round turn).

Bottom line: BlackBull Markets’ Prime account slightly undercuts Spreadex’s quoted average on EUR/USD when you factor in commission (0.76 pips vs. 0.81 pips), though it comes with a deposit requirement and per-trade fees. Spreadex trails in ranking but offers a straightforward spread profile, including frequent access to its 0.6-pip minimum on EUR/USD.

Feature BlackBull Markets logoBlackBull Markets
Spreadex logoSpreadex
Minimum Deposit info $0 $0
Average Spread EUR/USD - Standard info 0.71 info 0.81 info
All-in Cost EUR/USD - Active info 0.71 info N/A info
Active Trader or VIP Discounts [DELETED] info
Non-wire bank transfer info No No
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes No
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes

Dive deeper: Best Low Spread Forex Brokers.

Featured Offers


Range of investments

BlackBull Markets offers a wider selection of markets than Spreadex, with 26,000 tradeable symbols versus 10,000. Both brokers let you trade forex (as CFDs or spot), but BlackBull lists 72 currency pairs compared with Spreadex’s 52. If you want to buy actual exchange-listed shares, BlackBull supports U.S. and international stocks (not CFDs), while Spreadex does not offer real share dealing.

Neither broker lets you buy actual cryptocurrency, though both provide crypto derivatives. BlackBull also supports copy trading; Spreadex does not. Both earn 5 stars for Range of Investments, yet BlackBull ranks higher overall in this category (#6 of 63) than Spreadex (#14 of 63), which may matter if you’re seeking the broadest mix of markets and features.

Feature BlackBull Markets logoBlackBull Markets
Spreadex logoSpreadex
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 26000 10000
Forex Pairs (Total) info 72 52
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes No
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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.

Trading platforms and tools

BlackBull Markets and Spreadex both provide free demo (paper) accounts and let you place trades directly from charts, which makes practicing and timing entries easier. For platforms, BlackBull Markets supports a Windows desktop download along with a web platform, anchored by popular third‑party choices MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Spreadex, on the other hand, focuses on its own in‑house web platform and does not offer a Windows desktop download or MetaTrader.

If you want copy trading, BlackBull Markets has it, while Spreadex does not. Both brokers earned 4 stars for Trading Platforms and Tools, according to ForexBrokers.com; however, BlackBull Markets ranks #31 out of 63 brokers in this category, compared with Spreadex at #47. In short: choose BlackBull if you prefer MT4/MT5 and a downloadable desktop option, or go with Spreadex if you want a streamlined proprietary web experience.

Feature BlackBull Markets logoBlackBull Markets
Spreadex logoSpreadex
Virtual Trading (Demo) info Yes Yes
Proprietary Desktop Trading Platform info No Yes
Desktop Platform (Windows) info Yes No
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes No
DupliTrade [DELETED] info
ZuluTrade [DELETED] info
Charting - Indicators / Studies (Total) info 109 58
Charting - Drawing Tools (Total) [DELETED] info
Charting - Trade From Chart info Yes Yes
Watchlists - Total Fields [DELETED] info

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

Forex trading apps

BlackBull Markets and Spreadex both offer iPhone and Android trading apps with real-time watchlists, price alerts, trendline drawing, and multiple time frames for forex and stock charts. BlackBull Markets goes further with 30 built-in technical studies, automatic saving of chart drawings, and watchlist symbol syncing between the mobile app and your online account. Spreadex covers the essentials but does not list a count of technical studies, does not auto-save drawings, and does not sync watchlists across devices.

Both apps earn 4 stars for mobile trading, yet ForexBrokers.com ranks BlackBull Markets higher (#33 of 63) than Spreadex (#47 of 63). If you want stronger charting tools and seamless cross-device workflow, BlackBull’s app has the edge. If you mainly need core features—alerts, trendlines, and real-time quotes—Spreadex delivers those on both iPhone and Android.

Feature BlackBull Markets logoBlackBull Markets
Spreadex logoSpreadex
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 30 N/A
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Watchlist info Yes Yes

Dive deeper: Best Forex Trading Apps.

Market research

Comparing market research at BlackBull Markets and Spreadex, both brokers cover the basics well. Each offers daily market commentary, Autochartist tools for technical ideas, a sentiment gauge showing long/short positioning, and an economic calendar. A key difference is forex news: Spreadex streams headlines from top-tier sources like Bloomberg, Reuters, or Dow Jones, while BlackBull Markets does not. Neither broker includes Trading Central, TipRanks, or Acuity Trading tools.

Both earn 4 out of 5 stars for Research, but BlackBull Markets ranks higher overall (#18 of 63) than Spreadex (#32 of 63) on ForexBrokers.com. Choose Spreadex if integrated premium forex news matters most; pick BlackBull Markets if you want a broker with a stronger research ranking while still getting daily commentary, Autochartist, sentiment data, and a full economic calendar.

Feature BlackBull Markets logoBlackBull Markets
Spreadex logoSpreadex
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info No Yes
Autochartist info Yes Yes
Trading Central (Recognia) info No No
Client sentiment data info Yes Yes
TipRanks info No No
Signal Centre (Acuity Trading) info No No
Economic Calendar info Yes Yes

Dive deeper: Best Brokers for Forex Research.

Beginners and education

BlackBull Markets and Spreadex both provide education for beginner traders. Each earned 4 out of 5 stars for Education, but BlackBull ranks higher (#29 of 63) than Spreadex (#45 of 63). Both brokers offer at least 10 beginner-focused videos that explain trading basics. BlackBull also adds 10+ advanced videos for when you’re ready to go deeper, while Spreadex does not meet that advanced-video threshold.

Live learning options differ: BlackBull runs client webinars at least once a month; Spreadex does not. It’s not clearly stated whether either broker keeps a searchable archive of past webinars, offers an investor dictionary with 50+ terms, or confirms a broader set of 10+ forex/CFD education pieces beyond the video counts noted above. If you want a clearer path from beginner to intermediate with ongoing webinars, BlackBull Markets is the stronger pick. If you only need a library of beginner videos, both BlackBull and Spreadex can get you started.

Feature BlackBull Markets logoBlackBull Markets
Spreadex logoSpreadex
Education (Forex or CFDs) info
Webinars info Yes No
Client Webinars (Archived) [DELETED] info
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) [DELETED] info

Dive deeper: Best Forex Brokers for Beginners.

Winner

After testing 63 of the best forex brokers, our research and account testing finds that BlackBull Markets is better than Spreadex. BlackBull Markets finished with an overall rank of #24, while Spreadex finished with an overall rank of #39.

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 logoBlackBull Markets
Spreadex logoSpreadex
Overall Rating info 4.5/5 Stars 4/5 Stars
Trust Score info 78 71
Range of Investments 5/5 Stars 5/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars

FAQs

Can you trade cryptocurrency with BlackBull Markets or Spreadex?

Both BlackBull Markets and Spreadex do not offer the option to purchase actual delivered cryptocurrency, but they do provide the ability to buy cryptocurrency derivatives.

What funding options does each broker offer?

In a comparison between online brokers BlackBull Markets and Spreadex, neither offers ACH or SEPA transfers or PayPal for deposits or withdrawals, but while BlackBull Markets provides Skrill, Visa, Mastercard, and bank wire options for funding and withdrawals, Spreadex only supports Visa, Mastercard, and bank wire transactions.

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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 BlackBull Markets Spreadex
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Range of Investments 5/5 Stars 5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 78 71
Winner check_circle
Review BlackBull Markets Review Spreadex Review
Broker Screenshots BlackBull Markets Spreadex
Broker Gallery (click to expand) info
BlackBull Markets MT5 mobile trading app BlackBull Markets MetaTrader 5 MT5 desktop platform. BlackBull Markets economic calendar. BlackBull Markets Trading Podcasts playlist.
Spreadex web platform. Spreadex research news headlines market analysis. Spreadex educational article risk management.
Regulation BlackBull Markets Spreadex
Trust Score info 78 71
Year Founded info 2014 1999
Publicly Traded (Listed) info No No
Bank info No No
Regulated in one or more EU or EEA countries (MiFID). info No info No info
Tier-1 Licenses info 1 1
Tier-2 Licenses info 0 0
Tier-3 Licenses info 0 0
Tier-4 Licenses info 1 0
Tier-1 Licenses (Highly Trusted) BlackBull Markets Spreadex
Australia (ASIC Authorised) info No No
Canada (CIRO Authorised) info No No
Hong Kong (SFC Authorised) info No No
Japan (SFC Authorised) info No No
Singapore (MAS Authorised) info No No
Switzerland (FINMA Authorised) info
United Kingdom (U.K.) (FCA Authorised) info No Yes
USA (CFTC Authorized) info No No
New Zealand (FMA Authorised) info Yes No
Regulated in one or more EU or EEA countries (MiFID). info No info No info
Tier-2 Licenses (Trusted) BlackBull Markets Spreadex
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 BlackBull Markets Spreadex
Forex Trading (Spot or CFDs) info Yes Yes
Tradeable Symbols (Total) info 26000 10000
Forex Pairs (Total) info 72 52
U.S. Stock Trading (Non CFD) info Yes No
Int'l Stock Trading (Non CFD) info Yes No
Social Trading / Copy Trading info Yes No
Cryptocurrency (Physical) info No No
Cryptocurrency (Derivative) info 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 Spreadex
Average Spread EUR/USD - Standard info 0.71 info 0.81 info
All-in Cost EUR/USD - Active info 0.71 info N/A info
Active Trader or VIP Discounts [DELETED] info
Inactivity Fee info No No
Execution: Agency Broker info No No
Execution: Market Maker info Yes Yes
Funding BlackBull Markets Spreadex
Minimum Deposit info $0 $0
PayPal (Deposit/Withdraw) info No No
Skrill (Deposit/Withdraw) info Yes No
Visa/Mastercard (Credit/Debit) info Yes Yes
Bank Wire (Deposit/Withdraw) info Yes Yes
Non-wire bank transfer info No No
Trading Platforms BlackBull Markets Spreadex
Proprietary Desktop Trading Platform info No Yes
Desktop Platform (Windows) info Yes No
Web Platform info Yes Yes
Social Trading / Copy Trading info Yes No
MetaTrader 4 (MT4) info Yes No
MetaTrader 5 (MT5) info Yes No
cTrader info Yes No
DupliTrade [DELETED] info
ZuluTrade [DELETED] info
Trading Tools BlackBull Markets Spreadex
Virtual Trading (Demo) info Yes Yes
Alerts - Basic Fields info Yes Yes
Watchlists - Total Fields [DELETED] info
Charting - Indicators / Studies (Total) info 109 58
Charting - Drawing Tools (Total) [DELETED] info
Charting - Trade From Chart info Yes Yes
Charts can be saved info Yes Yes
Mobile Trading BlackBull Markets Spreadex
Android App info Yes Yes
Apple iOS App info Yes Yes
Mobile Alerts - Basic Fields info Yes Yes
Mobile Watchlist info Yes Yes
Watchlist Syncing info Yes No
Mobile Charting - Indicators / Studies info 30 N/A
Mobile Charting - Draw Trendlines info Yes Yes
Mobile Charting - Multiple Time Frames info Yes Yes
Mobile Charting - Drawings Autosave info Yes No
Mobile Economic Calendar info Yes Yes
Research BlackBull Markets Spreadex
Daily Market Commentary info Yes Yes
Forex News (Top-Tier Sources) info No Yes
Autochartist info Yes Yes
Trading Central (Recognia) info No No
TipRanks info No No
Client sentiment data info Yes Yes
Economic Calendar info Yes Yes
Education BlackBull Markets Spreadex
Education (Forex or CFDs) info
Webinars info Yes No
Client Webinars (Archived) [DELETED] info
Videos - Beginner Trading Videos info Yes Yes
Videos - Advanced Trading Videos info Yes No
Investor Dictionary (Glossary) [DELETED] info
Major Forex Pairs BlackBull Markets Spreadex
GBP/USD info Yes Yes
USD/JPY info Yes Yes
EUR/USD info Yes Yes
USD/CHF info Yes Yes
USD/CAD info Yes Yes
NZD/USD info Yes Yes
AUD/USD info Yes Yes
Review BlackBull Markets Review Spreadex Review
Overall BlackBull Markets Spreadex
Overall Rating info 4.5/5 Stars 4/5 Stars
Commissions & Fees 4.5/5 Stars 4/5 Stars
Range of Investments 5/5 Stars 5/5 Stars
Platforms & Tools 4/5 Stars 4/5 Stars
Mobile Trading 4/5 Stars 4/5 Stars
Research 4/5 Stars 4/5 Stars
Education 4/5 Stars 3.5/5 Stars
Trust Score info 78 71
Winner check_circle
Review BlackBull Markets Review Spreadex Review
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