Written by ForexBrokers.com
In this head to head comparison of Swissquote vs BlackBull Markets, 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.
Established in 1996, Swissquote stands as a highly trusted online broker, offering a Trust Score of 99 out of 99 according to ForexBrokers.com. As a publicly traded bank with an impressive five Tier-1 licenses and two Tier-2 licenses, Swissquote provides a secure and reliable platform for trading. Its dual role as both a financial institution and a broker adds a level of safety and assurance that is difficult to match in the financial markets.
In contrast, BlackBull Markets, founded in 2014, operates as a younger player in the brokerage field. It is privately owned and does not function as a bank. The platform holds one Tier-1 license, and with a ForexBrokers.com Trust Score of 78 out of 99, it is considered to represent an average risk. While it may serve as a viable option for some traders, it lacks the comprehensive regulatory backing and financial transparency that Swissquote provides.
| Feature |
Swissquote
|
BlackBull Markets
|
|---|---|---|
| Year Founded | 1996 | 2014 |
| Publicly Traded (Listed) | Yes | No |
| Bank | Yes | No |
| Tier-1 Licenses | 5 | 1 |
| Tier-2 Licenses | 2 | 0 |
| Tier-3 Licenses | 0 | 0 |
| Tier-4 Licenses | 0 | 1 |
Looking strictly at commissions and fees, BlackBull Markets tends to be cheaper than Swissquote. BlackBull earns 4.5/5 stars for pricing and is ranked #19 out of 63 brokers by ForexBrokers.com, while Swissquote scores 3.5/5 stars and ranks #54 out of 63. Swissquote’s appeal as a Swiss banking brand comes with slightly higher trading costs, whereas BlackBull’s pricing—especially on its Prime account—lands closer to low-cost competitors.
Swissquote’s fees vary by entity and account. In the U.K., the Elite account (requires a $10,000 deposit) uses a commission model with lower spreads and a $5 round-turn per trade, making it the most cost-effective option there; the Standard account starts at 1.3 pips on EUR/USD and the Prime account advertises minimum spreads from 0.6 pips. In Luxembourg, spreads range from about 1.5 pips (Standard, $1,000 minimum) to 0.8 pips (Prime, $50,000 minimum), similar to the U.K. In Switzerland, forex accounts start at 1.7 pips (Standard, $1,000), 1.4 pips (Premium, $10,000), and 1.1 pips (Prime, $50,000), with custom pricing available for high-volume traders.
BlackBull Markets offers three accounts. The Standard account is commission-free with higher spreads and no minimum deposit. The Prime account requires $2,000 and charges $3 per side ($6 round turn) with an average EUR/USD spread of 0.16—an all-in cost around 0.76 pips based on March 2024 data. The ECN Institutional account targets active traders with $20,000 minimum and lower commissions of $2 per side ($4 round turn). For many traders, BlackBull’s Prime account delivers lower all-in costs than comparable Swissquote options.
| Feature |
Swissquote
|
BlackBull Markets
|
|---|---|---|
| Minimum Deposit | $1000 | $0 |
| Average spread (EUR/USD) - Standard account | N/A | 0.71 |
| All-in Cost EUR/USD - Active | N/A | 0.71 |
| Non-wire bank transfer | Yes | No |
| PayPal (Deposit/Withdraw) | Yes | No |
| Skrill (Deposit/Withdraw) | Yes | Yes |
| Bank Wire (Deposit/Withdraw) | Yes | Yes |
Dive deeper: Best Low Spread Forex Brokers.
Swissquote and BlackBull Markets both offer forex trading as CFDs or spot. Swissquote lists 472 tradeable symbols with 80 forex pairs, while BlackBull Markets delivers a much larger catalog of 26,000 symbols with 72 forex pairs. Each broker also lets you buy exchange-traded shares on U.S. and international markets, so you can trade companies like Apple on NASDAQ and Vodafone in London without using CFDs.
Both support copy trading and offer cryptocurrency CFDs. Swissquote additionally lets you buy actual cryptocurrency, which BlackBull Markets does not. Each earns 5 out of 5 stars for Range of Investments; ForexBrokers.com ranks Swissquote #2 out of 63 brokers and BlackBull Markets #6. Choose Swissquote if you want real crypto access and slightly more forex pairs, or BlackBull Markets if you want a much larger overall list of tradable symbols.
| Feature |
Swissquote
|
BlackBull Markets
|
|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes |
| Tradeable Symbols (Total) | 472 | 26000 |
| Forex Pairs (Total) | 80 | 72 |
| U.S. Stocks (Shares) | Yes | Yes |
| Global Stocks (Non-U.S. Shares) | Yes | Yes |
| Copy Trading | Yes | Yes |
| Cryptocurrency (Underlying) | Yes | No |
| Cryptocurrency (CFDs) | 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.
If you’re comparing Swissquote vs BlackBull Markets for trading platforms and tools, both online brokers check the core boxes: free demo (paper) trading, web-based and Windows desktop platforms, copy trading, and support for MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both also let you place trades directly from charts. Independent ratings give Swissquote a slight edge for its platform lineup and features (4.5/5 stars and #12 out of 63 in the ForexBrokers.com rankings) versus BlackBull Markets (4/5 stars and #31 out of 63).
The biggest difference is platform choice. Swissquote offers a proprietary, in-house platform alongside MT4 and MT5, giving traders an extra option under one roof. BlackBull Markets focuses on third-party platforms (MT4 and MT5) without a proprietary alternative, which may appeal if you prefer the familiar MetaTrader experience. If you want the higher-rated toolset and the flexibility of an additional in-house platform, Swissquote stands out; if you’re set on a MetaTrader-centric setup, BlackBull Markets is a straightforward pick.
| Feature |
Swissquote
|
BlackBull Markets
|
|---|---|---|
| Virtual Trading (Demo) | Yes | Yes |
| Proprietary Desktop Trading Platform | Yes | No |
| Desktop Platform (Windows) | Yes | Yes |
| Web Platform | Yes | Yes |
| Copy Trading | Yes | Yes |
| MetaTrader 4 (MT4) | Yes | Yes |
| MetaTrader 5 (MT5) | Yes | Yes |
| Charting - Indicators / Studies (Total) | 86 | 109 |
| Charting - Trade From Chart | Yes | Yes |
Dive deeper: Best MetaTrader 4 Brokers, Best MetaTrader 5 Brokers.
Swissquote and BlackBull Markets both deliver capable mobile trading apps for iPhone and Android. Each app supports stock and forex price alerts, includes 30 technical studies for charts, and lets you draw trendlines. Your chart drawings also auto-save, so your notes are there the next time you open the app.
The big difference is watchlists: BlackBull Markets syncs watchlists between the mobile app and your online account, while Swissquote does not. In ForexBrokers.com’s Mobile Trading Apps category, Swissquote earned 4.5 stars and ranked #12 out of 63 brokers, while BlackBull Markets earned 4 stars and ranked #33. Consider Swissquote if higher third-party ratings are a priority, and BlackBull Markets if synced watchlists are a must-have.
| Feature |
Swissquote
|
BlackBull Markets
|
|---|---|---|
| Android App | Yes | Yes |
| Apple iOS App | Yes | Yes |
| Mobile Price Alerts | Yes | Yes |
| Mobile Watchlists - Syncing | No | Yes |
| Mobile Charting - Indicators / Studies | 30 | 30 |
| Mobile Charting - Draw Trendlines | Yes | Yes |
| Mobile Charting - Trendlines Autosave | Yes | Yes |
Dive deeper: Best Forex Trading Apps.
When comparing the market research offerings of Swissquote and BlackBull Markets, both brokers provide daily market commentary, giving traders regular updates on market trends. Swissquote stands out by delivering forex news from top-tier sources like Bloomberg and Reuters, which BlackBull Markets does not offer. Both brokers provide tools from Autochartist, enhancing traders' abilities to perform technical and fundamental research. However, neither offers research tools from Trading Central or market research from TipRanks.
BlackBull Markets distinguishes itself with a sentiment-based trading tool that displays the ratio of long to short positions, a feature Swissquote lacks. Both brokers provide economic calendars to keep traders informed of global news events. In terms of ratings, both Swissquote and BlackBull Markets receive 4 stars for research. According to ForexBrokers.com, Swissquote is ranked slightly higher at 16th place, compared to BlackBull Markets, which holds the 18th position among 63 brokers evaluated.
| Feature |
Swissquote
|
BlackBull Markets
|
|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes |
| Forex News (Top-Tier Sources) | Yes | No |
| Autochartist | Yes | Yes |
| Trading Central | No | No |
| Client sentiment data | No | Yes |
| TipRanks | No | No |
| Acuity Trading | No | No |
| Economic Calendar | Yes | Yes |
Dive deeper: Best Brokers for Forex Research.
For beginner traders comparing Swissquote vs BlackBull Markets, both brokers invest in education. Each runs online client webinars at least once a month and offers extensive video libraries that include 10+ beginner videos to teach core trading concepts and 10+ advanced videos to help you grow your skills. If you like to learn live, either broker will suit you; if you prefer self-paced lessons, the breadth of videos provides a clear path from basics to more complex forex and CFD topics.
Both Swissquote and BlackBull Markets earn 4 out of 5 stars for Education. Swissquote ranks #20 out of 63 brokers for Education on ForexBrokers.com, while BlackBull Markets ranks #29. That slight edge may make Swissquote more appealing if education is your top priority, but beginners will find quality learning support at either broker.
| Feature |
Swissquote
|
BlackBull Markets
|
|---|---|---|
| Webinars | Yes | Yes |
| Videos - Beginner Trading Videos | Yes | Yes |
| Videos - Advanced Trading Videos | Yes | Yes |
Dive deeper: Best Forex Brokers for Beginners.
After testing 63 of the best forex brokers, our research and account testing finds that Swissquote is better than BlackBull Markets. Swissquote finished with an overall rank of #11, while BlackBull Markets finished with an overall rank of #24.
Traders choose Swissquote for its quality research and vast multi-asset offering – as long as they are willing to pay a premium to have their brokerage account held with a Swiss bank.
| Feature |
Swissquote
|
BlackBull Markets
|
|---|---|---|
| Overall Rating |
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| Trust Score | 99 | 78 |
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In the Swissquote vs BlackBull Markets comparison, Swissquote offers both real (delivered) cryptocurrency purchases and crypto CFDs, whereas BlackBull Markets provides only cryptocurrency CFDs and not actual coin ownership.
Swissquote outshines BlackBull Markets on funding methods by offering ACH/SEPA, PayPal, Skrill, and bank wire deposits and withdrawals, while BlackBull Markets lacks ACH/SEPA and PayPal but supports Skrill and bank wires; Visa/Mastercard availability is not specified for either broker.
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 | Swissquote | BlackBull Markets | |
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| Trust Score | 99 | 78 | |
| Winner | check_circle | ||
| Review | Swissquote Review | BlackBull Markets Review |
| Broker Screenshots | Swissquote | BlackBull Markets | |
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| Regulation | Swissquote | BlackBull Markets | |
|---|---|---|---|
| Trust Score | 99 | 78 | |
| Year Founded | 1996 | 2014 | |
| Publicly Traded (Listed) | Yes | No | |
| Bank | Yes | No | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No | |
| Tier-1 Licenses | 5 | 1 | |
| Tier-2 Licenses | 2 | 0 | |
| Tier-3 Licenses | 0 | 0 | |
| Tier-4 Licenses | 0 | 1 |
| Tier-1 Licenses (Highly Trusted) | Swissquote | BlackBull Markets | |
|---|---|---|---|
| Australia (ASIC Authorised) | No | No | |
| Canada (CIRO Authorised) | No | No | |
| Hong Kong (SFC Authorised) | Yes | No | |
| Japan (SFC Authorised) | No | No | |
| Singapore (MAS Authorised) | Yes | No | |
| Switzerland (FINMA Authorised) | Yes | ||
| United Kingdom (U.K.) (FCA Authorised) | Yes | No | |
| USA (CFTC Authorized) | No | No | |
| New Zealand (FMA Authorised) | No | Yes | |
| Regulated in one or more EU or EEA countries (MiFID). | Yes | No |
| Tier-2 Licenses (Trusted) | Swissquote | BlackBull Markets | |
|---|---|---|---|
| Kenya (CMA Authorised) | |||
| Israel (ISA Authorised) | No | No | |
| South Africa (FSCA Authorised) | Yes | No | |
| UAE (DFSA, FSRA, or SCA Authorised) | Yes | No | |
| India (SEBI Authorised) | No | No | |
| Jordan (JSC Authorised) |
| Investments | Swissquote | BlackBull Markets | |
|---|---|---|---|
| Forex Trading (Spot or CFDs) | Yes | Yes | |
| Tradeable Symbols (Total) | 472 | 26000 | |
| Forex Pairs (Total) | 80 | 72 | |
| U.S. Stocks (Shares) | Yes | Yes | |
| Global Stocks (Non-U.S. Shares) | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| Cryptocurrency (Underlying) | Yes | No | |
| Cryptocurrency (CFDs) | 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 | Swissquote | BlackBull Markets | |
|---|---|---|---|
| Average spread (EUR/USD) - Standard account | N/A | 0.71 | |
| All-in Cost EUR/USD - Active | N/A | 0.71 | |
| Inactivity Fee | Yes | No | |
| Order execution: Agency | Yes | No | |
| Order execution: Market Maker | Yes | Yes |
| Funding | Swissquote | BlackBull Markets | |
|---|---|---|---|
| Minimum Deposit | $1000 | $0 | |
| PayPal (Deposit/Withdraw) | Yes | No | |
| Skrill (Deposit/Withdraw) | Yes | Yes | |
| Bank Wire (Deposit/Withdraw) | Yes | Yes | |
| Non-wire bank transfer | Yes | No |
| Trading Platforms | Swissquote | BlackBull Markets | |
|---|---|---|---|
| Proprietary Desktop Trading Platform | Yes | No | |
| Desktop Platform (Windows) | Yes | Yes | |
| Web Platform | Yes | Yes | |
| Copy Trading | Yes | Yes | |
| MetaTrader 4 (MT4) | Yes | Yes | |
| MetaTrader 5 (MT5) | Yes | Yes | |
| cTrader | No | Yes |
| Trading Tools | Swissquote | BlackBull Markets | |
|---|---|---|---|
| Virtual Trading (Demo) | Yes | Yes | |
| Price Alerts | Yes | Yes | |
| Charting - Indicators / Studies (Total) | 86 | 109 | |
| Charting - Trade From Chart | Yes | Yes | |
| Charts can be saved | Yes | Yes |
| Mobile Trading | Swissquote | BlackBull Markets | |
|---|---|---|---|
| Android App | Yes | Yes | |
| Apple iOS App | Yes | Yes | |
| Mobile Price Alerts | Yes | Yes | |
| Mobile Watchlist [DELETED] | |||
| Mobile Watchlists - Syncing | No | Yes | |
| Mobile Charting - Indicators / Studies | 30 | 30 | |
| Mobile Charting - Draw Trendlines | Yes | Yes | |
| Mobile Charting - Trendlines Autosave | Yes | Yes | |
| Mobile Research - Economic Calendar | Yes | Yes |
| Research | Swissquote | BlackBull Markets | |
|---|---|---|---|
| Daily Market Commentary (Articles) | Yes | Yes | |
| Forex News (Top-Tier Sources) | Yes | No | |
| Autochartist | Yes | Yes | |
| Trading Central | No | No | |
| TipRanks | No | No | |
| Client sentiment data | No | Yes | |
| Economic Calendar | Yes | Yes |
| Education | Swissquote | BlackBull Markets | |
|---|---|---|---|
| Webinars | Yes | Yes | |
| Videos - Beginner Trading Videos | Yes | Yes | |
| Videos - Advanced Trading Videos | Yes | Yes |
| Major Forex Pairs | Swissquote | BlackBull Markets | |
|---|---|---|---|
| GBP/USD [DELETED] | |||
| USD/JPY [DELETED] | |||
| EUR/USD | Yes | Yes | |
| USD/CHF [DELETED] | |||
| USD/CAD [DELETED] | |||
| NZD/USD [DELETED] | |||
| AUD/USD [DELETED] | |||
| Review | Swissquote Review | BlackBull Markets Review |
| Overall | Swissquote | BlackBull Markets | |
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| Trust Score | 99 | 78 | |
| Winner | check_circle | ||
| Review | Swissquote Review | BlackBull Markets Review |
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