BlackBull Markets vs Spreadex 2026

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 (founded 2014) and Spreadex (founded 1999) are online brokers that are not publicly traded and are not banks. Each holds one license from a top-tier regulator (Tier-1) and no Tier-2 licenses, giving them a similar regulatory footprint.

ForexBrokers.com rates BlackBull Markets at 77/99 and Spreadex at 70/99—both in the “average risk” range (70–79). For context: 90–99 is highly trusted, 80–89 trusted, 70–79 average risk, 60–69 high risk, and below 59 not trusted. With comparable oversight but a slightly higher Trust Score, BlackBull Markets edges Spreadex on overall trust.

Feature	BlackBull Markets	Spreadex
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 and Spreadex both sit near the industry average but take different approaches. On EUR/USD, BlackBull’s Prime account delivered an all-in cost around 0.76 pips in March 2024 (0.16-pip average spread plus 0.60 pips in round-turn commissions), while Spreadex averaged 0.81 pips in January 2024 and reached a 0.6-pip minimum 60% of the time. Which is cheaper for you will depend on whether you prefer raw spreads with a commission or a simple spread-only model.

BlackBull Markets offers three pricing tiers: the Standard account is commission-free with higher spreads and no minimum deposit; the Prime account cuts spreads but requires a $2,000 minimum and charges $3 per side ($6 round turn) per lot; and the ECN Institutional account targets high-volume traders with a $20,000 minimum and $2 per side ($4 round turn). For commissions and fees, BlackBull Markets is rated 4.5 out of 5 stars and ranks #9 out of 63 brokers at ForexBrokers.com.

Spreadex uses a straightforward spread-only model. In January 2024, its EUR/USD spread averaged 0.81 pips, with the 0.6-pip minimum achieved 60% of the month. For commissions and fees, Spreadex is rated 4 out of 5 stars and ranks #25 out of 63 brokers at ForexBrokers.com.

Feature	BlackBull Markets	Spreadex
Minimum Deposit info	$0	$0
Average spread (EUR/USD) - Standard account info	1.16 info	0.81 info
All-in Cost EUR/USD - Active info	0.76 info	N/A info
Non-wire bank transfer info	No	No
PayPal (Deposit/Withdraw) info	No	No
Skrill (Deposit/Withdraw) info	Yes	No
Bank Wire (Deposit/Withdraw) info	Yes	Yes

Dive deeper: Best Low Spread Forex Brokers.

Range of investments

BlackBull Markets and Spreadex both offer forex trading as CFDs or spot, but their overall product lineups differ. BlackBull lists about 26,000 tradeable symbols and 72 forex pairs, while Spreadex offers around 10,000 symbols and 52 pairs. Both brokers provide cryptocurrency CFDs but do not offer direct, delivered crypto purchases.

If you want access to real shares, BlackBull stands out by offering exchange-traded U.S. and international stocks, whereas Spreadex does not offer actual share dealing. BlackBull also supports copy trading; Spreadex does not. Despite both earning 5 out of 5 stars for Range of Investments from ForexBrokers.com, BlackBull ranks higher at #7 of 63 brokers compared with Spreadex at #13, reflecting its wider mix of markets and features.

Feature	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. Stocks (Shares) info	Yes	No
Global Stocks (Non-U.S. Shares) info	Yes	No
Copy Trading info	Yes	No
Cryptocurrency (Underlying) info	No	No
Cryptocurrency (CFDs) 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 offer free demo (paper) accounts and let you place trades directly from charts. The platform lineup is where they differ. BlackBull Markets supports a Windows desktop download, a web platform, and the MetaTrader suite (MT4 and MT5), plus copy trading. It does not have a proprietary platform. Spreadex, on the other hand, offers its own in‑house web platform, but no Windows desktop download, no MT4 or MT5, and no copy trading.

In our Trading Platforms and Tools ratings, both brokers earn 4 out of 5 stars. However, BlackBull Markets ranks higher overall at 25th out of 63 brokers, while Spreadex comes in at 34th. Choose BlackBull if you want MT4/MT5, desktop software, and copy trading; pick Spreadex if you prefer a streamlined, browser-based proprietary platform. Both let you test the waters with a free demo.

Feature	BlackBull Markets	Spreadex
Virtual Trading (Demo) info	Yes	Yes
Proprietary Desktop Trading Platform info	No	Yes
Desktop Platform (Windows) info	Yes	No
Web Platform info	Yes	Yes
Copy Trading info	Yes	No
MetaTrader 4 (MT4) info	Yes	No
MetaTrader 5 (MT5) info	Yes	No
Charting - Indicators / Studies (Total) info	109	58
Charting - Trade From Chart info	Yes	Yes

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

Forex trading apps

Both BlackBull Markets and Spreadex offer iPhone and Android mobile trading apps with price alerts and the ability to draw trendlines on stock and forex charts. BlackBull’s app goes further for charting fans, with 30 technical studies, watchlist symbol syncing between mobile and web, and auto-saving of chart drawings. Spreadex supports trendline drawing and alerts, but does not list a count for built-in technical studies, lacks watchlist syncing, and does not auto-save drawings.

User ratings land at 4 out of 5 stars for both mobile platforms. However, in ForexBrokers.com’s Mobile Trading Apps category, BlackBull ranks 27th out of 63 brokers while Spreadex ranks 33rd. If you value deeper chart tools and a smoother switch between phone and desktop, BlackBull may fit better; if you mainly want straightforward trading with alerts on iOS and Android, Spreadex remains a solid option.

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

Dive deeper: Best Forex Trading Apps.

Market research

BlackBull Markets and Spreadex both provide the research basics that most traders need: daily market commentary, an economic calendar, Autochartist tools for pattern and signal ideas, and sentiment gauges that show the ratio of long and short positions. Neither broker currently offers Trading Central, TipRanks, or Acuity Trading integrations. The key difference is news: Spreadex streams forex news from top-tier sources (e.g., Bloomberg, Reuters, Dow Jones), while BlackBull Markets does not include a comparable premium news feed.

For overall market research quality, ForexBrokers.com rates BlackBull Markets at 4.5 out of 5 stars (ranked 16th of 63 brokers), ahead of Spreadex at 4 out of 5 stars (27th of 63). If integrated real-time news is your priority, Spreadex has the edge; if you want higher-rated research with solid tools like Autochartist, sentiment, and daily commentary, BlackBull Markets is the stronger pick.

Feature	BlackBull Markets	Spreadex
Daily Market Commentary (Articles) info	Yes	Yes
Forex News (Top-Tier Sources) info	No	Yes
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

Comparing education for beginner traders, both BlackBull Markets and Spreadex provide a solid starting point with at least 10 beginner-focused trading videos. BlackBull Markets stands out by running online educational webinars at least once a month, giving newcomers a chance to learn live and ask questions—something Spreadex doesn’t offer.

If you plan to grow beyond the basics, BlackBull Markets also has at least 10 advanced videos, while Spreadex does not offer a similarly deep advanced library. Reflecting this, ForexBrokers.com rates BlackBull Markets 4.5/5 for Education and ranks it #24 out of 63 brokers, compared with Spreadex at 4/5 and #33. For a guided learning path that moves from beginner to more advanced topics—plus ongoing webinars—BlackBull Markets has the edge; if you just want beginner videos and prefer learning at your own pace, Spreadex can still fit the bill.

Feature	BlackBull Markets	Spreadex
Webinars info	Yes	No
Videos - Beginner Trading Videos info	Yes	Yes
Videos - Advanced Trading Videos info	Yes	No

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 #22, while Spreadex finished with an overall rank of #32.

BlackBull Markets is a growing broker best known for its broad platform support, including MetaTrader, cTrader, TradingView, and copy trading tools, along with a large range of tradeable instruments.

Feature	BlackBull Markets	Spreadex
Overall Rating info
Trust Score info	77	70
Range of Investments
Trading Fees
Trading Platforms
Research
Mobile Trading
Education

FAQs

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Overall Rating	BlackBull Markets	Spreadex
Overall Rating info
Trading Fees
Range of Investments
Trading Platforms
Mobile Trading
Research
Education
Trust Score info	77	70
Winner	check_circle
Review	BlackBull Markets Review	Spreadex Review

Broker Screenshots	BlackBull Markets	Spreadex
Broker Gallery (click to expand) info

Regulation	BlackBull Markets	Spreadex
Trust Score info	77	70
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 (FSA 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. Stocks (Shares) info	Yes	No
Global Stocks (Non-U.S. Shares) info	Yes	No
Copy Trading info	Yes	No
Cryptocurrency (Underlying) info	No	No
Cryptocurrency (CFDs) 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 account info	1.16 info	0.81 info
All-in Cost EUR/USD - Active info	0.76 info	N/A info
Inactivity Fee info	No	No
Order execution: Agency info	No	No
Order 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
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
Copy Trading info	Yes	No
MetaTrader 4 (MT4) info	Yes	No
MetaTrader 5 (MT5) info	Yes	No
cTrader info	Yes	No

Trading Tools	BlackBull Markets	Spreadex
Virtual Trading (Demo) info	Yes	Yes
Price Alerts info	Yes	Yes
Charting - Indicators / Studies (Total) info	109	58
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 Price Alerts info	Yes	Yes
Mobile Watchlist [DELETED] info
Mobile Watchlists - Syncing info	Yes	No
Mobile Charting - Indicators / Studies info	30	N/A
Mobile Charting - Draw Trendlines info	Yes	Yes
Mobile Charting - Trendlines Autosave info	Yes	No
Mobile Research - Economic Calendar info	Yes	Yes

Research	BlackBull Markets	Spreadex
Daily Market Commentary (Articles) info	Yes	Yes
Forex News (Top-Tier Sources) info	No	Yes
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	BlackBull Markets	Spreadex
Webinars info	Yes	No
Videos - Beginner Trading Videos info	Yes	Yes
Videos - Advanced Trading Videos info	Yes	No

Major Forex Pairs	BlackBull Markets	Spreadex
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	BlackBull Markets Review	Spreadex Review

Overall	BlackBull Markets	Spreadex
Overall Rating info
Trading Fees
Range of Investments
Trading Platforms
Mobile Trading
Research
Education
Trust Score info	77	70
Winner	check_circle
Review	BlackBull Markets Review	Spreadex Review