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.
Swissquote vs. BlackBull Markets: Swissquote, founded in 1996, is publicly traded and operates as a bank, while BlackBull Markets, founded in 2014, is privately held and not a bank. For traders focused on transparency and potential safeguards, that difference in company profile can be meaningful.
Regulatory strength also differs. Swissquote holds five Tier-1 licenses (highly trusted by ForexBrokers.com) and two Tier-2 licenses (trusted), whereas BlackBull Markets holds one Tier-1 license and no Tier-2 licenses. In ForexBrokers.com’s Trust Score, Swissquote earns 99/99 (highly trusted), while BlackBull Markets scores 77/99 (average risk under the same scale).
| 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.
Swissquote and BlackBull Markets both deliver daily market commentary and handy economic calendars, earning each a 4.5-star Research rating. Swissquote holds a slight edge in rankings (#15 of 63) over BlackBull Markets (#16). A key difference is news coverage: Swissquote streams forex news from top-tier providers like Bloomberg, Reuters, or Dow Jones, while BlackBull Markets does not. Both brokers include Autochartist for chart-pattern and signal scanning, but neither offers Trading Central, TipRanks, or Acuity Trading tools.
Choosing between them comes down to the type of insight you value. If you want up-to-the-minute, professional news to guide trades, Swissquote is the better fit. If you prefer gauging crowd behavior, BlackBull Markets adds a sentiment tool that shows long and short positioning across instruments—something Swissquote lacks. Either way, you get daily commentary, an economic calendar, and core market research features suited to active traders.
| 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 forex and CFD education, both Swissquote and BlackBull Markets deliver plenty of learning material. Each broker offers well over ten pieces of forex/CFD education, monthly client webinars, and at least 10 beginner trading videos, making it easy to start with the basics. They also provide at least 10 advanced videos, so you can keep learning as you grow. Both earn a 4.5-star Education rating, signaling high-quality content for new traders who prefer videos, webinars, and straightforward lessons.
If you want a slight edge in third-party rankings, Swissquote holds the #19 spot for Education out of 63 brokers on ForexBrokers.com, while BlackBull Markets ranks #24. In practice, beginners will find strong coverage at either broker—regular webinars, beginner-friendly videos, and a deep library of forex and CFD topics—so the choice may come down to platform preference or which teaching style you like more.
| 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
|
BlackBull Markets
|
|---|---|---|
| Overall Rating |
|
|
| Trust Score | 99 | 77 |
| Range of Investments |
|
|
| Trading Fees |
|
|
| Trading Platforms |
|
|
| Research |
|
|
| Mobile Trading |
|
|
| Education |
|
|
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.
Select Brokers
↓×Compare
0 of 5| Overall Rating | Swissquote | BlackBull Markets | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 77 | |
| Winner | check_circle | ||
| Review | Swissquote Review | BlackBull Markets Review |
| Broker Screenshots | Swissquote | BlackBull Markets | |
|---|---|---|---|
| Broker Gallery (click to expand) |
|
|
| Regulation | Swissquote | BlackBull Markets | |
|---|---|---|---|
| Trust Score | 99 | 77 | |
| 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 | |
|---|---|---|---|
| Overall Rating |
|
| |
| Trading Fees |
|
| |
| Range of Investments |
|
| |
| Trading Platforms |
|
| |
| Mobile Trading |
|
| |
| Research |
|
| |
| Education |
|
| |
| Trust Score | 99 | 77 | |
| Winner | check_circle | ||
| Review | Swissquote Review | BlackBull Markets Review |
IG
FOREX.com
CMC Markets
XTB
eToro
AvaTrade
Pepperstone
FP Markets
Tickmill