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 |
When it comes to commissions and fees, BlackBull Markets generally comes out cheaper than Swissquote. BlackBull Markets earns 4.5 out of 5 stars for pricing and ranks #9 out of 63 brokers, while Swissquote scores 3.5 out of 5 stars and ranks #35. Swissquote’s appeal as a Swiss banking brand comes with a slight premium, so its trading costs are typically higher than what cost-focused forex brokers offer.
Swissquote’s pricing varies by region. In the U.K., the commission-based Elite account is the most attractive for active traders who can deposit at least $10,000, thanks to lower spreads and a $5 round-turn commission; the Professional account is similar. The U.K. Standard account starts at 1.3 pips on EUR/USD, and the Prime account shows minimum spreads from 0.6 pips (note: that’s a minimum, not an average). In Luxembourg, minimum deposits range from $1,000 (Standard) to $50,000 (Prime), with minimum spreads roughly 1.5 pips down to 0.8 pips. In Switzerland, forex accounts start at $1,000 with EUR/USD spreads from 1.7 pips (Standard), 1.4 pips (Premium at $10,000), and 1.1 pips (Prime at $50,000); custom pricing can be negotiated for higher volumes.
BlackBull Markets offers three accounts. The Standard account is commission-free with no minimum deposit but has higher spreads. The Prime account requires a $2,000 minimum deposit and charges $3 per side ($6 round-turn) per lot; in March 2024, the average EUR/USD spread on Prime was 0.16 pips, for an all-in cost around 0.76 pips. For high-volume traders, the ECN Institutional account requires $20,000 and lowers commissions to $2 per side ($4 round-turn). For most cost-conscious traders, BlackBull’s Prime account will typically be cheaper than Swissquote’s options.
| Feature |
Swissquote
|
BlackBull Markets
|
|---|---|---|
| Minimum Deposit | $1000 | $0 |
| Average spread (EUR/USD) - Standard account | N/A | 1.16 |
| All-in Cost EUR/USD - Active | N/A | 0.76 |
| 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 support forex trading as CFDs or spot, offer copy trading, and let you buy exchange‑traded securities in the U.S. and on international markets (so you can purchase shares like Apple or Vodafone outright, not as CFDs). BlackBull Markets stands out for sheer breadth with about 26,000 tradeable symbols, while Swissquote lists 472. For forex pairs, Swissquote offers 80 versus BlackBull’s 72.
If you want cryptocurrency, Swissquote lets you buy actual coins as well as trade crypto CFDs, whereas BlackBull Markets offers crypto only via CFDs. Both brokers earn 5 out of 5 stars for Range of Investments; in ForexBrokers.com’s rankings, Swissquote is #2 of 63 and BlackBull Markets is #7. Choose BlackBull for a very wide list of symbols, or Swissquote if you value access to delivered crypto and a slightly larger selection of forex pairs.
| 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.
Swissquote and BlackBull Markets both cover the essentials for trading platforms and tools. Each offers a free demo (paper) account, web-based trading and a Windows desktop app, plus MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both support copy trading and let you place orders directly from charts. A key difference is platform choice: Swissquote also delivers its own proprietary platform, while BlackBull Markets focuses on third-party platforms.
According to ForexBrokers.com’s ratings for Trading Platforms and Tools, Swissquote scores 4.5 out of 5 stars and ranks 12th out of 63 brokers, while BlackBull Markets scores 4 out of 5 stars and ranks 25th. If you want an in-house platform option alongside MT4/MT5 and a demo account, Swissquote has the edge. If you’re happy with MT4/MT5 on web and desktop with copy trading, BlackBull Markets is a straightforward, capable choice.
| 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 offer mobile trading apps for iPhone and Android. Each app supports stock and forex price alerts, includes 30 technical studies for charting, lets you draw trendlines, and auto-saves your chart drawings—covering the core tools most traders need on the go.
The biggest difference is watchlist syncing: BlackBull Markets syncs watchlists between mobile 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 received 4 stars and ranked #27. Choose BlackBull if cross-device watchlists are key; pick Swissquote if you prefer a higher-rated mobile app experience.
| 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.
In this Swissquote vs BlackBull Markets research comparison, both brokers deliver daily market commentary and an economic calendar, and each earns a 4-star Research rating. Swissquote edges ahead in our rankings at #15 out of 63 brokers, with BlackBull close behind at #16. If you want regular updates and a clear schedule of upcoming events, either platform will cover the basics well.
The key differences are in news and tools. Swissquote provides forex news from major outlets like Bloomberg, Reuters, and Dow Jones, which is helpful if you rely on timely headlines and analysis. Both brokers offer Autochartist tools, and neither integrates Trading Central, TipRanks, or Acuity Trading. BlackBull Markets stands out with a sentiment tool that shows the ratio of long vs. short positions, while Swissquote does not. Choose Swissquote if premium news flow is a priority; pick BlackBull if trader sentiment is part of your strategy.
| 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.
Comparing trading education for beginners, both Swissquote and BlackBull Markets make learning accessible. Each broker runs educational webinars at least once a month and offers sizeable video libraries. For newcomers, both provide 10 or more beginner-focused videos that explain forex and CFD basics, how to place trades, risk management, and platform tips. As you progress, you’ll also find at least 10 advanced videos at both brokers that cover strategies and deeper market topics.
Independent ratings back up the quality: Swissquote and BlackBull Markets each earn 4 out of 5 stars for Education from ForexBrokers.com. Swissquote holds a slight edge in the standings, ranking 19th out of 63 brokers, while BlackBull Markets ranks 24th. For beginners seeking video-led learning and regular webinars, either is a strong choice—pick Swissquote if that small ranking advantage matters to you, or choose based on which platform and teaching style you prefer.
| 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 #22.
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
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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 (FSA 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 | 1.16 | |
| All-in Cost EUR/USD - Active | N/A | 0.76 | |
| 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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