BlackBull Markets vs Spreadex 2025

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	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 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	Spreadex
Minimum Deposit info	$0	$0
Average spread (EUR/USD) - Standard account info	0.71 info	0.81 info
All-in Cost EUR/USD - Active info	0.71 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 vs Spreadex: both support forex trading via CFDs or spot. BlackBull offers about 26,000 tradeable instruments versus Spreadex’s 10,000, along with 72 forex pairs compared with 52 at Spreadex. Both brokers offer cryptocurrency CFDs but not direct, delivered crypto. Each earns 5 stars for Range of Investments, yet ForexBrokers.com ranks BlackBull higher (#6 of 63) than Spreadex (#14 of 63).

If you want access to exchange-traded stocks, BlackBull lets you buy U.S. shares (such as Apple on NASDAQ) and international shares (like Vodafone on the London Stock Exchange), while Spreadex does not offer exchange-traded equities on U.S. or global exchanges. BlackBull also supports copy trading, whereas Spreadex does not—useful if you plan to follow other traders.

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 accounts and web-based trading with the ability to trade directly from charts. Platform choice is where they differ most: BlackBull does not have an in-house platform but supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5) and includes a Windows desktop app. Spreadex provides its own proprietary web platform but does not offer a Windows desktop download, MT4, or MT5.

For tools, BlackBull includes copy trading, while Spreadex does not. The number of technical indicators and watchlist columns isn’t specified for either broker. In ForexBrokers.com’s Trading Platforms and Tools category, both earn 4 out of 5 stars; however, BlackBull ranks #31 of 63 brokers, while Spreadex ranks #47. If you want MetaTrader and copy trading with desktop access, BlackBull fits better. If you prefer a broker’s own web platform, Spreadex is the match.

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

BlackBull Markets and Spreadex both offer mobile trading apps for iPhone and Android, and each supports price alerts and drawing trendlines on charts. Key differences show up in everyday use: BlackBull Markets syncs watchlists between the app and your online account, while Spreadex does not. BlackBull also lists 30 built-in technical studies for charting, compared with no stated number for Spreadex, and it auto-saves your chart drawings; Spreadex does not auto-save.

Both apps earn 4 stars for Mobile Trading Apps, yet their standings differ: BlackBull Markets ranks 33rd out of 63 brokers in the ForexBrokers.com category, while Spreadex ranks 47th. If you value watchlist syncing, fuller chart tools, and saved drawings, BlackBull’s app has the edge. If you simply need iPhone or Android access with alerts and basic chart drawing, either app will cover the essentials.

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

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	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 beginners, both BlackBull Markets and Spreadex provide dedicated video lessons, with each offering at least 10 beginner videos. BlackBull adds monthly client webinars for live Q&A and guided learning, while Spreadex does not run monthly educational webinars. When you’re ready to go beyond the basics, BlackBull also offers 10+ advanced videos; Spreadex does not have a comparable advanced video library. Despite these differences, both brokers hold a 4 out of 5 education rating from ForexBrokers.com. Among 63 brokers, BlackBull ranks #29 for education and Spreadex ranks #45.

If you want live classes and a clear path from beginner topics to more advanced strategies, BlackBull Markets is the stronger choice. If you mainly need beginner-friendly videos and aren’t looking for webinars or deeper modules, Spreadex can cover the essentials. In short, both brokers support newcomers to forex and CFD trading with on-demand education, while BlackBull goes further with live sessions and advanced content.

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 #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	Spreadex
Overall Rating info
Trust Score info	78	71
Range of Investments
Commissions & Fees
Platforms & Tools
Research
Mobile Trading
Education

FAQs

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Overall Rating	BlackBull Markets	Spreadex
Overall Rating info
Commissions & Fees
Range of Investments
Platforms & Tools
Mobile Trading
Research
Education
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

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 (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	0.71 info	0.81 info
All-in Cost EUR/USD - Active info	0.71 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
Commissions & Fees
Range of Investments
Platforms & Tools
Mobile Trading
Research
Education
Trust Score info	78	71
Winner	check_circle
Review	BlackBull Markets Review	Spreadex Review