Written by ForexBrokers.com
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.
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.
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 | 2014 | 1999 |
| 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 | 0 |
When comparing online brokers, BlackBull Markets and Spreadex stand out for their distinct commission structures and fees. BlackBull Markets offers three account types with varied trading costs. The standout Prime account features an average EUR/USD spread of 0.16 pips, translating to a total trading cost of 0.76 pips when adding a commission of $6 per 10,000 units traded. The Standard account has no commission fees but allows higher spreads, making it ideal for new traders with no minimum deposit. In contrast, the Prime account requires a $2,000 minimum deposit. The ECN Institutional account targets active traders with a minimum deposit of $20,000 and offers a commission rate of $4 per round turn. BlackBull Markets is rated 4.5 stars for commissions and fees and is ranked #18 out of 63 brokers by ForexBrokers.com.
Spreadex, on the other hand, offers an average EUR/USD spread of 0.81 pips based on data from January 2024, with a minimum spread of 0.6 pips occurring 60% of the time. This straightforward fee structure is free of additional commissions, making it a less complex option for traders who prefer simple cost calculations. With an overall rating of 4 stars, Spreadex holds the #27 spot in the Commissions and Fees category among 63 brokers according to ForexBrokers.com.
In summary, BlackBull Markets offers competitive trading conditions with account options tailored to different trader profiles, particularly favoring those willing to meet higher deposit requirements for better spreads. Spreadex provides a more simplified approach with its focus on straightforward spreads without additional commissions, appealing to those seeking easy cost management. Both brokers hold significant rankings and ratings, reflecting their strengths in catering to diverse trading needs.
| Feature |
BlackBull Markets
|
Spreadex
|
|---|---|---|
| Minimum Deposit | $0 | $0 |
| Average Spread EUR/USD - Standard | 0.71 | 0.81 |
| All-in Cost EUR/USD - Active | 0.71 | N/A |
| Active Trader or VIP Discounts | Yes | No |
| ACH or SEPA Transfers | No | No |
| PayPal (Deposit/Withdraw) | No | No |
| Skrill (Deposit/Withdraw) | Yes | No |
| 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 available, BlackBull Markets stands out over Spreadex with a broader array of options. Both platforms provide the opportunity to engage in forex trading through CFDs or spot contracts, catering to traders interested in currency markets. However, BlackBull Markets outshines with a staggering 26,000 tradeable symbols, compared to Spreadex's 10,000. Additionally, BlackBull Markets offers access to 72 tradeable forex pairs, whereas Spreadex lists 52 pairs, giving forex enthusiasts more variety to choose from.
For those interested in exchange-traded securities, BlackBull Markets offers an edge by allowing the purchase of stocks on U.S. and international exchanges, such as Apple and Vodafone shares—something Spreadex does not provide. Both brokers do not support buying actual cryptocurrencies, but they offer cryptocurrency derivatives for trading. BlackBull Markets also enhances its appeal by offering copy trading, which is absent on Spreadex. This varied scope places BlackBull Markets at a higher rank for range of investments (#6) compared to Spreadex's #13, even though both achieved a 5-star rating for this category.
| Feature |
BlackBull Markets
|
Spreadex
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 26000 | 10000 |
| Forex Pairs (Total) | 72 | 52 |
| U.S. Stock Trading (Non CFD) | Yes | No |
| Int'l Stock Trading (Non CFD) | Yes | No |
| Social Trading / Copy Trading | Yes | No |
| 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.
When comparing BlackBull Markets and Spreadex, both brokers support traders with free demo accounts for practice trading. BlackBull Markets excels in offering widely-used trading platforms such as MetaTrader 4 and MetaTrader 5, which are preferred by many for their comprehensive tools and features. Although lacking its own proprietary platform, BlackBull Markets provides users with a Windows-based desktop platform and a web-based option, accommodating different trading preferences. Spreadex, however, offers its own proprietary platform tailored specifically for its traders, although it does not provide a download option for Windows desktops. Both brokers offer browser-based trading, yet BlackBull Markets also facilitates copy trading through ZuluTrade, adding value for those looking to replicate other traders' strategies.
Charts and indicators are pivotal for traders seeking in-depth analysis. BlackBull Markets offers a versatile array of 60 drawing tools, emphasizing advanced technical charting capabilities, compared to Spreadex's 11. Both brokers allow direct trading from stock charts and offer robust watch list options, although Spreadex provides slightly more column fields for customization. Despite varying preferences and needs, both platforms earn equal ratings of 4 out of 5 stars. However, in a ranking of 63 brokers by ForexBrokers.com, BlackBull Markets claims a higher position at 30th place, while Spreadex is placed at 46th, showcasing a slight edge in platform preference and overall features.
| Feature |
BlackBull Markets
|
Spreadex
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Platform | No | Yes |
| Desktop Platform (Windows) | Yes | No |
| Web Platform | Yes | Yes |
| Social Trading / Copy Trading | Yes | No |
| MetaTrader 4 (MT4) | Yes | No |
| MetaTrader 5 (MT5) | Yes | No |
| DupliTrade | No | No |
| ZuluTrade | Yes | No |
| Charting - Indicators / Studies (Total) | 109 | 58 |
| Charting - Drawing Tools (Total) | 60 | 11 |
| Charting - Trade From Chart | Yes | Yes |
| Watchlists - Total Fields | 6 | 8 |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Both BlackBull Markets and Spreadex offer mobile trading apps for iPhone and Android, making them accessible choices for traders on the go. Key features like stock or forex price alerts are available in both apps, ensuring that users stay updated with market movements no matter which platform they choose. However, BlackBull Markets holds an edge with its watchlist symbol syncing feature, allowing seamless integration between the mobile app and online account, unlike Spreadex where this is not available. Another standout feature from BlackBull Markets is the ability to save chart drawings automatically, providing convenience to users who frequently analyze multiple charts.
When it comes to charting tools, BlackBull Markets offers a more comprehensive suite with 30 technical studies for deeper analysis, while such information is not available for Spreadex. Both apps support drawing trendlines and viewing charts in various time frames, supporting different trading strategies. Real-time watchlist creation is supported by both brokers, ensuring traders can monitor their preferred assets efficiently. Although both apps share a four-star rating for mobile trading, BlackBull Markets is ranked higher by ForexBrokers.com, securing the 32nd position out of 63 brokers, compared to Spreadex, which is ranked 46th. This ranking suggests a slightly higher satisfaction level among users for BlackBull Markets' mobile trading experience.
| Feature |
BlackBull Markets
|
Spreadex
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Alerts - Basic Fields | Yes | Yes |
| Watchlist Syncing | Yes | No |
| Mobile Charting - Indicators / Studies | 30 | N/A |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Multiple Time Frames | Yes | Yes |
| Mobile Charting - Drawings Autosave | Yes | No |
| Mobile Watchlist | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
Both BlackBull Markets and Spreadex offer comprehensive market research tools, making them compelling choices for traders seeking insight. Both platforms provide daily market commentary and feature technical analysis tools from Autochartist. Each broker also delivers a sentiment-based tool to gauge the ratio of long and short positions across various instruments, supporting traders in making informed decisions. However, while Spreadex brings exclusive forex news from top-tier sources like Bloomberg and Reuters, BlackBull Markets lacks this feature. Additionally, neither BlackBull Markets nor Spreadex offers supplementary tools from companies like Trading Central, TipRanks, or Acuity Trading, but they do maintain economic calendars to keep traders updated on global events.
When evaluated for research quality, both brokers are rated four out of five stars, indicating a strong offering in this area. However, in terms of ranking, BlackBull Markets stands out by securing the 18th position out of 63 brokers as assessed by ForexBrokers.com, compared to Spreadex, which is ranked at 31st. This suggests that while both brokers are competitive, BlackBull Markets might offer an edge for those prioritizing research tools in their trading activities.
| Feature |
BlackBull Markets
|
Spreadex
|
|---|---|---|
| Daily Market Commentary | Yes | Yes |
| Forex News (Top-Tier Sources) | No | Yes |
| Autochartist | Yes | Yes |
| Trading Central (Recognia) | No | No |
| Social Sentiment - Currency Pairs | Yes | Yes |
| TipRanks | No | No |
| Signal Centre (Acuity Trading) | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
When comparing the educational resources available for beginners, both BlackBull Markets and Spreadex offer extensive materials to help new traders get started. Each platform provides more than 10 educational pieces specifically covering forex or CFDs, along with a collection of beginner-focused videos. This makes both brokers appealing choices for those just beginning their trading journey. Furthermore, both platforms feature an investor dictionary with over 50 terms to help users familiarize themselves with investing jargon. However, BlackBull Markets takes an edge by offering monthly online webinars and a searchable archive of recorded sessions for ongoing learning opportunities, while Spreadex falls short in this area.
For more advanced traders seeking depth in educational content, BlackBull Markets again boasts a more comprehensive selection. It provides not only beginner-focused videos but also advanced educational videos aimed at seasoned traders, which is not matched by Spreadex. Despite both brokers receiving a four-star rating for their educational offerings, BlackBull Markets ranks higher at #29 compared to Spreadex's position at #45 according to ForexBrokers.com. This suggests a wider recognition for the quality and breadth of BlackBull Markets' educational resources.
| Feature |
BlackBull Markets
|
Spreadex
|
|---|---|---|
| Education (Forex or CFDs) | Yes | Yes |
| Client Webinars | Yes | No |
| Client Webinars (Archived) | Yes | No |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | No |
| Investor Dictionary (Glossary) | Yes | Yes |
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 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
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Spreadex
|
|---|---|---|
| Overall Rating |
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| Trust Score | 78 | 71 |
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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.
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.
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 | Spreadex | |
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| Trust Score | 78 | 71 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | Spreadex Review |
| Broker Screenshots | BlackBull Markets | Spreadex | |
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| Regulation | BlackBull Markets | Spreadex | |
|---|---|---|---|
| Trust Score | 78 | 71 | |
| Year Founded | 2014 | 1999 | |
| Publicly Traded (Listed) | No | No | |
| Bank | No | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No | |
| Tier-1 Licenses | 1 | 1 | |
| Tier-2 Licenses | 0 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 1 | 0 |
| Tier-1 Licenses (Highly Trusted) | BlackBull Markets | Spreadex | |
|---|---|---|---|
| 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 | Yes | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | No | No |
| Tier-2 Licenses (Trusted) | BlackBull Markets | Spreadex | |
|---|---|---|---|
| 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 | Spreadex | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 26000 | 10000 | |
| Forex Pairs (Total) | 72 | 52 | |
| U.S. Stock Trading (Non CFD) | Yes | No | |
| Int'l Stock Trading (Non CFD) | Yes | No | |
| Social Trading / Copy Trading | Yes | No | |
| 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 | Spreadex | |
|---|---|---|---|
| Average Spread EUR/USD - Standard | 0.71 | 0.81 | |
| All-in Cost EUR/USD - Active | 0.71 | N/A | |
| Active Trader or VIP Discounts | Yes | No | |
| Inactivity Fee | No | No | |
| Execution: Agency Broker | No | No | |
| Execution: Market Maker | Yes | Yes |
| Funding | BlackBull Markets | Spreadex | |
|---|---|---|---|
| Minimum Deposit | $0 | $0 | |
| PayPal (Deposit/Withdraw) | No | No | |
| Skrill (Deposit/Withdraw) | Yes | No | |
| Visa/Mastercard (Credit/Debit) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| ACH or SEPA Transfers | No | No |
| Trading Platforms | BlackBull Markets | Spreadex | |
|---|---|---|---|
| Proprietary Platform | No | Yes | |
| Desktop Platform (Windows) | Yes | No | |
| Web Platform | Yes | Yes | |
| Social Trading / Copy Trading | Yes | No | |
| MetaTrader 4 (MT4) | Yes | No | |
| MetaTrader 5 (MT5) | Yes | No | |
| cTrader | Yes | No | |
| DupliTrade | No | No | |
| ZuluTrade | Yes | No |
| Trading Tools | BlackBull Markets | Spreadex | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Alerts - Basic Fields | Yes | Yes | |
| Watchlists - Total Fields | 6 | 8 | |
| Charting - Indicators / Studies (Total) | 109 | 58 | |
| Charting - Drawing Tools (Total) | 60 | 11 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | BlackBull Markets | Spreadex | |
|---|---|---|---|
| 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 | N/A | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Multiple Time Frames | Yes | Yes | |
| Mobile Charting - Drawings Autosave | Yes | No | |
| Mobile Economic Calendar | Yes | Yes |
| Research | BlackBull Markets | Spreadex | |
|---|---|---|---|
| Daily Market Commentary | Yes | Yes | |
| Forex News (Top-Tier Sources) | No | Yes | |
| Autochartist | Yes | Yes | |
| Trading Central (Recognia) | No | No | |
| TipRanks | No | No | |
| Social Sentiment - Currency Pairs | Yes | Yes | |
| Economic Calendar | Yes | Yes |
| Education | BlackBull Markets | Spreadex | |
|---|---|---|---|
| Education (Forex or CFDs) | Yes | Yes | |
| Client Webinars | Yes | No | |
| Client Webinars (Archived) | Yes | No | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | No | |
| Investor Dictionary (Glossary) | Yes | Yes |
| Major Forex Pairs | BlackBull Markets | Spreadex | |
|---|---|---|---|
| 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 | Spreadex Review |
| Overall | BlackBull Markets | Spreadex | |
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| Trust Score | 78 | 71 | |
| Winner | check_circle | ||
| Review | BlackBull Markets Review | Spreadex Review |
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